For Immediate Release
Chicago, IL – June 22, 2015– Zacks Equity Research highlights InterDigital (IDCC) as the Bull of the Day and Greif Inc. ( GEF) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Keurig Green Mountain Inc. (GMCR ), WhiteWave Foods Company (WWAV) and True Drinks Holdings, Inc. (TRUU).
Here is a synopsis of all five stocks:
Bull of the Day:
InterDigital (IDCC) is at the forefront of wireless innovation. The company recently announced that they have been invited to join the 5G Forum as a member. This non-profit organization is researching 5G technology and services in Asia. Further, InterDigital has been participating in Europe’s, European Union Initiatives for the rollout of 5G infrastructures throughout Europe. Moreover, InterDigital has met or beat the Zacks Consensus Earnings and Revenue estimates for the past three quarters. Due to these strong factors, InterDigital has become the Zacks Bull of the Day.
This Zacks Ranked #1 (Strong Buy) company designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It offers technology solutions for use in digital cellular and wireless products and networks, such as 2G, 3G, 4G, and IEEE 802-related products and networks. Their patented technologies are used in various products, including mobile devices, such as cellular phones, tablets, notebook computers, and wireless personal digital assistants, wireless infrastructure equipment comprising base stations, and components, dongles, and modules for wireless devices.
In their most recent quarter, InterDigital saw total revenues increase 47.6%. These revenues all came from reoccurring revenue, representing an increase of 96% y/y. Management was able to decrease intellectual property enforcement expenses by 32% y/y. Further, management was able to increase ending cash and short-term investments to $911.2 million, enabling them to further pursue any new deals. Finally, management announced an additional $100 million for their share buy-back program, bringing their current total repurchase funds to $179.8 million, or just about 8% of total shares currently outstanding.
Bear of the Day :
Greif Inc. (GEF) recently posted their fourth consecutive massive earnings miss, and second consecutive revenue miss. Management attributed the recent miss on several items including weakness in Brazil, the U.S. industrial economy which was on a downtrend, and a slowdown in China. Further, FX headwinds and expected weakness in overall volumes are further obstacles for the company to overcome. Due to the combination of these factors, Greif Inc. is the Zacks Bear of the Day.
This Zacks Ranked #5 (Strong Sell) company produces and sells industrial packaging products worldwide. The company has four main segments; Rigid Industrial Packaging & Services, Paper Packaging, Flexible Products & Services, and Land Management segment. The company produces steel, plastic, fiber, flexible and corrugated containers, packaging accessories and containerboard, and provides bending, filling and packaging services. It also manages acreage in the United States.
In their most recent quarter, the company saw overall revenues decrease 16.8% y/y; the Rigid Segment experiencing a revenue decline of 15%, the Paper Segment saw revenues drop 21.8%, the Flexible Segment saw revenues drop 22.1%, and Land Management saw positive revenues, but the segment only accounts for less than 1% of total sales. Further, in all segments outside of Land Management, volumes were either flat or declining.
Additional content:
Can Keurig Turn Things Around with 2.0, KOLD?
Keurig Green Mountain Inc. (GMCR) has been in troubled waters for some time. Recently, its shares hit a 52-week low following the dismal second-quarter results. Investors have turned a cold shoulder after the company reported lower-than-expected results in two consecutive quarters.
Moreover, Keurig Green Mountain’s much-hyped Keurig 2.0 brewer launched in Sep 2014 was not received well by consumers, especially because of the high price tag. Also, the unlicensed pods that consumers have been using for so long are not compatible with this brewer. Keurig 2.0 uses an interactive readability ‘lock-out technology’ that works only with licensed K-Cup pods.
Things have not being going well for the Keurig K-cup maker of late. After the Keurig 2.0 brewer failed to live up to the expectations, Keurig Kold brewer, initially launched at a presentation on May 14, could not gain investors’ approval.
Reportedly, analysts expressed concerns that the high-priced brewer might not gain popularity among consumers. The brewers are expected to be available for sale online in fall 2015 and at retail shops by the holiday season of 2016.
However, management seems optimistic about the future of Keurig 2.0 brewer and is confident that once consumers know more about the variety of brands that can be brewed on the machine, product sales will pick up.
Moreover, Keurig Green Mountain is reportedly reintroducing My K-Cup coffee brewing pods that allows brewing of non-Keurig coffee. This is expected to provide more flexibility to the Keurig 2.0 brewers and thus restore its popularity.
Keurig Green Mountain currently carries a Zacks Rank #4 (Sell). Some better-ranked companies in the consumer staples sector are The WhiteWave Foods Company (WWAV) and True Drinks Holdings, Inc. ( TRUU), which carry a Zacks Rank #2 (Buy).
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INTERDIGITL INC (IDCC): Free Stock Analysis Report
GREIF INC (GEF): Free Stock Analysis Report
KEURIG GREEN MT (GMCR): Free Stock Analysis Report
WHITEWAVE FOODS (WWAV): Free Stock Analysis Report
TRUE DRINKS HLD (TRUU): Free Stock Analysis Report
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Source:: InterDigital, Greif, Keurig Green Mountain, WhiteWave Foods and True Drinks Holdings highlighted as Zacks Bull and Bear of the Day – Press Releases
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