Precision Castparts Corp
What to Expect from Berkshire Hathaway’s Earnings
Berkshire Hathaway (BRK-B) is expected to post EPS (earnings per share) of $2,829 per share in 4Q16 and $2,880 in 1Q17.
Berkshire’s EPS Estimates Might Fall on Wells Fargo News
Berkshire lost $1.4 billion in valuations after the scandal related to Wells Fargo (WFC) unearthed. Berkshire stock has fallen 3% over the past one week.
Berkshire Hathaway’s Manufacturing Rose on Precision Castparts, Duracell in 2Q
Berkshire Hathaway reported revenues of $12.0 billion and profits of $129 million for McLane in 2Q16, as compared to revenues of $12.2 billion and profits of $147 million in 2Q15.
Berkshire Hathaway’s Growing Manufacturing Portfolio
In 1Q16, Berkshire Hathaway’s manufacturing business reported revenues of $10.6 billion, as compared to $8.9 billion during the same quarter in 2015.
Berkshire Is Expected to Post Strong Earnings in 1Q16
Berkshire Hathaway’s stock has risen by 9% over the past month. In comparison, SPY has risen by 7% over the past month.
Despite Slow Growth, Berkshire Expands Manufacturing Portfolio
In 3Q15, Berkshire Hathaway’s manufacturing business reported revenues of $9.1 billion, compared with $9.5 billion during the same quarter last year.
US Aluminum Premiums Could Remain Stable in 2016
While capacity cuts by US smelters might not have an impact on aluminum prices, cuts could support aluminum premiums. Aluminum premiums are more regional.
Top Holdings of AGTHX Traded below Its Moving Averages
The top holdings of the Growth Fund of America (AGTHX) as of January 7, 2016, were Alexion Pharmaceuticals, Costco, EOG Resources, and Precision Castparts.
Alcoa’s 4Q15 Revenues Slid on Lower Pricing, Divestitures
Alcoa reported revenues of $5.2 billion. While Alcoa’s earnings topped Wall Street expectations, its 4Q15 revenues came in lower than consensus estimates.
Alcoa’s Downstream Business Is Thriving: What about Upstream?
Alcoa’s upstream business has been gaining strength. It also has a downstream business, which produces alumina and primary aluminum.
Analyzing Alternative Mutual Fund MERFX: How Did It Perform?
The Merger Fund (MERFX) is an alternative smart beta fund that uses the popular hedge fund strategy “merger arbitrage” to gain profit in the market S&P 500 (SPY).
No Surprises in Alcoa’s Post-Separation Management Structure
On November 24, Alcoa announced the executive management structure to be introduced following its split.
Elliott Management Bet on Value Creation after Alcoa’s Split
In its SEC regulatory filing disclosing its stake in Alcoa (AA), Elliott Management noted that it found Alcoa “dramatically undervalued by the public market.”
Elliott Management Found Value in Alcoa
Elliott Management is not the only company finding value in the beleaguered commodity space. In August, Carl Icahn disclosed his 8.5% stake in Freeport-McMoRan.
November Rundown of the American Funds AMCAP Fund Class A
The American Funds AMCAP Fund Class A invests in “US companies of any size with solid long-term growth records and the potential for good future growth.”
Revenues Expand for McLane, Fall for Manufacturing
Berkshire Hathaway’s manufacturing business reported revenues of $9.1 billion as compared to $9.5 billion in the prior year’s quarter.
Alcoa’s Split: How Will the Value-Add Company Look?
In this part, we’ll explore the value-add company’s structure. The company will have three business segments, as you can see in the graph below.
Aluminum Companies’ Valuation: Key Investor Takeaways
Alcoa’s (AA) valuation has fallen over the last year. Currently, it trades at a discount to its five-year average. The valuation fell for a reason.
Why Profit Margins Vary across the Aluminum Value Chain
The profit margins vary across the aluminum value chain. Upstream aluminum producers’ earnings depend on their position on the cost curve.
Berkshire Hathaway 101: An Overview for Merger Arbitrage
Berkshire Hathaway is a giant holding company run by Warren Buffett. It focuses on insurance but has recently acquired Precision Castparts Corp.
Precision Castparts 101: An Overview for Merger Arbitrage
Precision Castparts manufactures complex products for aerospace and power applications that supplies General Electric, United Technologies, and Rolls Royce.
What is the Rationale for the Precision Castparts Transaction?
In the acquisition of Precision Castparts, Buffett is not buying an underperforming company. Berkshire Hathaway does not consider this to be a turnaround situation.
Will Antitrust Be an Issue in the Precision Castparts Transaction?
In the merger of Berkshire Hathaway and Precision Castparts, both companies will have to file under the Hart–Scott–Rodino Antitrust Improvements Act.
Petrobras Issues 100-Year Tenure High-Grade Bonds
US corporates were the largest issuers of high-grade bonds in the week ending June 5, after US financial companies took the spot the previous week.
Issuance Volume Barely Changes: Investment-Grade Corporate Bonds
Investment-grade corporate bonds worth $24.625 billion were issued in the primary market in the week ending June 5—3.2% lower than the previous week.
Alcoa Sees Strong End User Demand in 1Q15
April has been a mixed bag for the aluminum industry. End user demand continues to be strong, at least in Alcoa’s core markets of North America and Europe.
Aluminum Inventories Continue Downward Journey in April
As of April 10, aluminum inventories with LME registered warehouses stood at 3.9 metric tonnes, a year-to-date decline of 7.5%.
Constellium’s Aerospace Segment: What Are Its Challenges?
In the third quarter, Constellium warned that its Aerospace and Transportation, or A&T, segment’s profits could come down.
Constellium’s Shipments Rose, But Its Profits Decreased in 4Q14
While Constellium’s shipments increased in the fourth quarter, its profits decreased. Its fourth quarter EBITDA came down by 14% on a YoY basis.
What Are Constellium’s Major Operations?
Constellium is engaged in the aluminum fabrication business. Its fourth quarter earnings were a positive surprise for the markets.
Financial impact of RTI International Metals acquisition
Alcoa expects RTI International Metals to contribute $1.2 million to 2019 revenues. It expects RTI’s EBITDA margin to increase from 14.5% to 25% by 2019.
How RTI International Metals fits into Alcoa’s aerospace strategy
Alcoa has announced the acquisition of RTI International Metals (RTI). RTI will enhance Alcoa’s portfolio of titanium offerings.
Why Investors Should Understand Century Aluminum’s Product Mix
For Century Aluminum’s (CENX) 2015 product mix, it expects to get more than half of its revenue from non-standard grade aluminum products.
Why Alcoa Investors Should Watch Sales Of The Ford F-150 Truck
Truck drivers have an incentive to buy lightweight aluminum body trucks, which carry more cargo than steel body trucks and offer improved fuel economy.
Viking Global Investors increases stakes in Allergan
Allergan’s total product sales were $1.79 billion, up 17.2% as compared to total product sales in 3Q13.
Viking Global Investors sells position in Constellation Brands
Viking Global Investors sold its position in Constellation Brands (CAM) in 3Q14. The position accounted for 1.27% of Viking’s 2Q portfolio.