Guggenheim S&P MidCap 400® Pure Val ETF
Will Brand Building and Innovation Add Leverage to Fossil’s Valuation?
On August 2, Fossil was trading at a PE multiple of 12.9x. Fossil’s valuation multiple has fallen by 9% since the announcement of its 1Q16 results.
Details Emerging about Komatsu’s Acquisition of Joy Global
Joy Global’s stock rose by 19.7% from the opening price of $23.5 and closed at $28.2 on July 21, after Komatsu announced that it will acquire the company.
Why Mining for Profits Proved Ineffective for Joy Global
Mining equipment supply and services to US coal mining companies accounted for 76% of Joy Global’s US revenue.
How Joy Global Is Trying to Stop Bleeding Revenues
Joy Global’s (JOY) fiscal 1Q16 revenues came in at $526 million, which represents a 25% decline over fiscal 1Q15.
How Much Will Komatsu Pay Joy Global’s Shareholders?
Komatsu, Japan-based construction equipment maker, will pay $28.30 per share in cash to acquire Milwaukee-based Joy Global. The deal is worth ~$3.7 billion.
Understanding Joy Global’s Dividend Policy in Fiscal 3Q16
In fiscal 2015, JOY paid around $78 million in dividends to shareholders, but on December 16, 2015, JOY announced a cut in its quarterly dividend.
What Does Joy Global’s Fiscal 2016 Debt Obligation Tell Us?
As of April 29, 2016, Joy Global’s had more than $1.3 billion in debt (long-term debt plus short-term debt), compared to its equity of nearly $1.4 billion.
Will the Slowdown In Fossil’s Margins Continue in 2Q16?
Fossil’s (FOSL) margins have been in a declining trend during recent quarters.
Did Joy Global’s Operating Cash Flow Really Improve in Fiscal 2Q16?
Despite the operating loss of $9.8 million it saw in fiscal 2Q16, Joy Global reported cash generation from continuing operations totaling $44 million.
Ascena Retail Group’s Revenue Rises, Income Falls in Fiscal 1Q16
After Ascena Retail Group’s (ASNA) fiscal 1Q16 earnings report, ASNA rose by 4.0% to close at $11.78 per share in yesterday’s trade.