Showing posts with label ADP. Show all posts

Thursday, May 16, 2013

13 out 15 February Newsletter Picks "In the Money"

13 out 15 February Newsletter Picks In the Money

Newsletter Picks UP 16% vs 10% S&P500 index in 12 Weeks

February 22,2013

Equities Research Newsletter (subscription)

(blue is price as of May 15,2013 close)

Long Picks:
(click ticker to see Stockdiagnostics upgrade charts & history)

FLEX $5.15 ($7.29) up 42%
PAY $18.24 ($23.00) up 26%
YHOO $20.83 ($27.34) up 31%

CRAY $18.94   ($17.36) down 8%
ADES $25.20     ($31.37) up 24%
WWWW $16.84 ($20.13) up 20%
EGHT $6.33      ($7.38) up17%
RHT   $51.71    ($54.16) up 5%
OSIS $55.17    ($63.93) up16%
GM   $26.51   ($32.31) up 22%
DIS   $54.17    ($67.67) up 25%
HSY $80.30    ($90.32) up13%

Warnings:
ADP $59.85   ($71.74) minus17%
TITN $28.67   ($22.96) up 25%
SSYS $67.35

Disclaimer.
All Newsletters, published by Equities Research, LLC , does not constitute a recommendation by Equities Research, LLC to buy, sell, hold any security, or to follow any particular trading or investment strategy. Also, the information provided should not be construed as an offer, or a solicitation of an offer, to buy or sell securities. An investor's best course of action must be based upon individual circumstances. EquitiesResearch.com shall not be liable for any damages or costs of any type arising out of or in any way connected with your use of The Newsletters, or any of our services.
EquitiesResearch.com, its officers and employees may buy and sell any position in the securities or companies mentioned herein.

Content copyright 2010-2013. Equities Research LLC. All rights reserved

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Wednesday, December 26, 2012

Chanos Talks Cash Flow

A link to Lawrence C. Strauss interview with Jim Chanos in this week's Barron's. (the following paragraph is from the Barron's article.)
"So, in the past, value investors looked at declining free cash flows and put some discount rate on that. And then they got a value, and then they would say, "Gee, there is the possibility of a call-option value of the business inherent to all its other opportunities. So, if I can buy it at some discount to that present value, I'm in good shape." But we've seen time and time again where the cash flows do not gradually decline. Nor do managements seem very willing to pay out cash flows when they are in a declining business. They often use them to make acquisitions, trying to save the business on a Hail Mary basis. The advent of digitization in lots of businesses also means that the timing gets compressed, meaning that you need to move quickly or you are roadkill on the digital highway. That's true whether you look at companies like Eastman Kodak [ticker: EKDKQ], or Blockbuster, or the newspapers. Value investors have been drawn to these companies like moths to the flame, only to find out that the business has declined a lot faster than they thought and that the valuation cushion proved to be anything but."

Below are Stockdiagnostics Cash Flow Charts from Equities Research

Equities Research : Stockdiagnostics Cash Flow Charts

Stockdiagnostics Downgrades of Stocks with declining Operational Cash Flows.

Stockdiagnostics Charts of Stocks filing Bankruptcy, including Eastman Kodak .

Equities Research remains Bearish these Stocks with Declining Operational Cash Flow:
Titan Machinery , Automatics Data Processing, Apple Computer, Cubic Corporation, NetFlix, Big Lots,

Wednesday, November 21, 2012

ADP NOT AAA CREDIT WORTHY

ADP NOT AAA CREDIT WORTHY
the 4 AAA rated S&P 500 companies:
Exxon, Microsoft, Johnson & Johnson, Automatic Data Processing

November 2, 2012 10am est.

Equities Research

Friday Morning Call: STRONG SELL (NYSE: ADP) $59.36

Automatic Data Processing, Inc.
Operational Cash Flow per share (OPS) declined 121% year over year
1st Quarter 2013 financials filed with Securities & Exchange Commission on November 2,2012 @ 9:22am est.

After 72 consecutive quarters (18 years) reporting positive operational cash flow, ADP disclosed FY2013 1st Quarter Operational Cash flow of NEGATIVE $65 million!

Stockdiagnostics has ranked ADP with a "1" (highest ranking) for 72 consecutive quarters until this morning's downgrade to a "2" ranking.T

1st Quarter 2013 10Q (ending 9/30/2012)

- $0.13 OPS (Q1 2013) vs. $0.65 (Q1 2012).OPS DECLINED 121%

ADP reported negative $65 million in Operational Cash flow down from $316 million a year ago for the comparable 1st quarter.

OPS Spread:
Earnings Per share vs. Operational Cash Flow per share
1Q 2012 ADP had a positive $0.04 OPS spread. EPS $0.61 vs. OPS $0.65
1Q 2013 ADP had a negative $0.76 OPS Spread. EPS $0.63 vs. OPS -$0.13

Operational Cash Flow trailing 12 months declined 15%

TTM ending 9/30/2011 : $1.799 billion
TTM ending 9/30/2012 : $1.528 billion

OPS Multiple Trailing Twelve Month
9/30/2011 TTM 3Q 2011 $3.71 OPS X 13
9/30/2012 TTM 3Q 2012 $3.14 OPS X 19

Stockdiagnostics Chart with ADP Operational Cash Flow Statistics
Archive posts of ADP on EquitiesResearch.com

shares outstanding 485,473,927

**from 10Q for September 30,2012 quarter

**Net cash flows used in operating activities were $65.1 million for the three months ended September 30, 2012, as compared to $316.3 million provided by operating activities for the three months ended September 30, 2011. The decrease in net cash flows provided by operating activities was due to the payment of a premium of $141.4 million related to our reinsurance arrangement with ACE American Insurance Company, higher pension plan contributions of $50.3 million, an unfavorable change in the net components of working capital and a variance in the timing of tax-related net cash payments of $23.6 million.

Thursday, November 8, 2012

Quarterly Operational Cash Flow Increases & Declines

Sept. 30, 2012 vs. Sept. 30,2011

Increases

8 X 8 (NASDAQ: EGHT) +303%

Whirlpool (NYSE: WHR) +280%

Aspen Tech (NYSE: AZPN) +250%

Bristol Myers (NYSE: BMY) +170%

Sturm Ruger (NYSE:RGR) +130%

Macquarie IC (NYSE:MIC) +54%

Harris (NYSE:HRS) +53%

EBAY (NYSE:EBAY) +42%

Dupont (NYSE:DD) +36%

Open Text (NASDAQ:OTEX) +36%

Coin Star (NASDAQ:CSTR) +31%

Proctor & Gamble (NYSE:PG) +28%

LumbrLiquidator(NYSE:LL) +15%

Verizon (NYSE:VZ) +8.8%

Amazon (NASDAQ:AMZN) +8%

Decliners

Automated Data P(NYSE:ADP) –121%

Expedia (NASDAQ:EXPE) -61%

DWA (NYSE:DWA) -60%

Alcoa (NYSE:AA) -47%

BMC (NYSE: BMC) -32%

CKEC (NASDAQ:CKEC) -27%

Haliburton (NYSE: HAL) -20%

Intel (MASDAQ: INTC) -19%

John Sanflippo (NASDAQ:JBSS) –16%

Sunday, July 29, 2012

Authen Tec Acquired By Apple

originally posted this weekend at Equities Research

7/28/2012Authen Tec, Inc. (NASDAQ: AUTH) announced yesterday they will be acquired @ $8.42 by Apple Computer. Stockdiagnostics upgraded AUTH @ $3.02 on November 16,2011 after the company reported 3rd quarter financials for the period ending September 30,2011. Since the upgrade 8 months ago shares are up 179%.
<click to AUTH Stockdiagnostics OPS chart
<click to AUTH Stockdiagnostics FCF chart