Marvell’s Fiscal 4Q17: Are Investors Holding Their Breath?
Marvell’s (MRVL) restructuring program will involve selling off non-strategic businesses.
Noble Energy (NBL) announced the initial public offering of Noble Midstream Partners (NBLX) in early September 2016.
The expected synergy from Alcoa’s acquisition of Firth Rixson could be a key driver of Arconic’s (ARNC) medium-term performance.
The Engineered Products and Solutions business of consolidated Alcoa would be the key driver of Arconic’s earnings, given its share in the company’s earnings.
Alcoa (AA) has integrated operations. Under the current market scenario, integrated operations could become Alcoa’s competitive advantage.
When Alcoa’s split was announced in September 2015, aluminum prices were trading near their six-year lows.
When the split was announced last year, Arconic was supposed to be the crown jewel that would help drive value for shareholders once listed as a separate entity.
On November 1, 2016, Alcoa split into two new entities—Alcoa (AA) and Arconic (ARNC). The split completed the process that was initiated in September 2015.
Supervalu’s retail business accounted for ~28% of the company’s total sales in 1Q17. The segment saw a 4% fall in sales over the last 12 months.
Supervalu (SVU) operates one of the largest wholesale distribution businesses in the US. Wholesale is Supervalu’s largest segment.
Supervalu (SVU) reported a fall in total sales in the last three quarters. It missed Wall Street’s revenue estimates in each of the quarters.
Supervalu will use the proceeds from the Save-A-lot sale to improve its capital structure. It has a total debt of ~$2.5 billion on its balance sheet.
On October 17, Supervalu (SVU) announced that it entered into a definitive agreement to sell Save-A-lot to Onex for $1.37 billion.
Intel (INTC) Security has become more profitable as the company refocused its Security business toward endpoint, cloud, actionable threat intelligence, analytics, and orchestration technologies.
After the completion of Hewlett-Packard Enterprise’s spin-off with CSC and Micro Focus, HPE’s annual Services revenue is expected to reach $28 billion.
Intel has agreed to sell a 51% stake in its security business to private investment company TPG in a $4.2 billion cash-stock deal.
Biogen (BIIB) announced the spin-off of its hemophilia business on May 3, 2016.
In fiscal 2013, 2014, and 2015, Yum! Brands’ China division posted same-store sales growth of -13%, -5%, and -4%, respectively. The spin-off should help.
On September 2, 2016, Yum! Brands entered into an agreement with Primavera Capital Group and Ant Financial Services Group to sell its stake in Yum! China for $460 million.
In May, Microsoft announced that it would be closing its MSN Chinese web portal in June to focus on providing software and services for Windows 10 devices.