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Improving operations takes time, and Bed Bath & Beyond, Inc.'s (BBBY) continued efforts are no exception. Having brought on turnaround specialist Mark Tritton to right the ship, the company is making strides in improving its digital sales and is set to release its full turnaround plan in the Spring. In an interim update ahead of its Q4FY19 earnings (April 15, 2020), BBBY has revealed pressure on its revenue coming out of the holiday season, which provides a buy opportunity at lower levels.
12 Feb 2020
In its third consecutive earnings beat since entering the Special Situations Model Portfolio, Fox Corp. (FOXA) has another strong quarter behind it supported by ad revenue from the Super Bowl and the popularity of its original programming. With the election cycle about to kick into high gear, the company is confident in executing its planned share buyback program and continue its current growth trajectory.
11 Feb 2020
While Modern Times Group MTG AB (MTGB SS) saw a -3% drop the day after its Q4FY19 and FY19 earnings report on February 6, 2020, the company still has positive catalysts ahead. The earnings drop was primarily due to a fallen-through partnership with Tencent-backed Huya, Inc. (China's game stream leader); however, two potential catalysts for MTGB include a US listing (which the management has been mulling over) and the sale of the online gaming segment. Read on for more.
10 Feb 2020
Last week’s earnings will be the last earnings release that Madison Square Garden Co. (MSG) will report as a combined entity as it is expected that the Spinoff of MSG Entertainment will take place by the end of March 2020, leaving MSG Sports as the RemainCo. While there is still no Form 10 out yet, it is likely the prospectus will be out either this week or next, after which we will be updating our Full Analysis.
10 Feb 2020
In its earnings report last week (January 31), Electrolux AB (ELUXB SS) disclosed a critical element of the upcoming Electrolux Professional Spinoff in March, namely the debt it will transfer to the new company as part of the separation. We also expect the Spinoff to improve the Parent's EBITDA margins, and for the Spinoff to take advantage of inorganic growth opportunities once out from under the current conglomerate structure. Read on for more on the company's earnings and Spin details.
06 Feb 2020
The agriculture space has seen flooding across the US, foreign exchange and raw material cost volatility, and variable crop prices, but despite all these challenges, Corteva, Inc. (CTVA) demonstrated its strengths in its Q4FY19 and FY19 earnings last week (January 30). The earnings outperformance was supported by cost synergies realized since the Spinoff from DuPont de Nemours, Inc. (DD), with a new share repurchase program, annual dividend and inorganic growth ahead for shareholders.
03 Feb 2020