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>>> Innovative Industrial Properties Announces Public Offering of 1,800,000 Shares of Common Stock
Business Wire
June 29, 2020
https://finance.yahoo.com/news/innovative-industrial-properties-announces-public-200600062.html
Innovative Industrial Properties, Inc. (the "Company") (NYSE: IIPR) announced today that it has commenced a public offering of 1,800,000 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 270,000 shares of its common stock. All of the shares are being sold by the Company.
The Company intends to use the net proceeds from this offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.
BTIG, LLC is acting as sole book-running manager for the offering; Roth Capital Partners, Compass Point Research & Trading, LLC and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), are acting as co-lead managers for the offering.
The offering of the Company’s common stock will be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement, final prospectus supplement (when available) and the accompanying prospectus may be obtained by contacting BTIG, LLC at 65 East 55th Street, New York, NY 10022, or by email at equitycapitalmarkets@btig.com; Roth Capital Partners, LLC, 888 San Clemente, Suite 400, Newport Beach, CA 92660, or by email at rothecm@roth.com; Compass Point Research & Trading, LLC at 1055 Thomas Jefferson Street, N.W., Suite 303, Washington, DC 20007, or by email at syndicate@compasspointllc.com; or Ladenburg Thalmann & Co. Inc., 277 Park Avenue, 26th Floor, New York, NY 10172, or by email at prospectus@ladenburg.com.
A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is an internally-managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a REIT, commencing with the year ended December 31, 2017.
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Innovative Industrial Properties - >>> 3 Recession-Proof Stocks to Buy Now
These companies will likely prosper in almost any economic environment.
Motley Fool
Will Healy
Jun 7, 2020
https://www.fool.com/investing/2020/06/07/3-recession-proof-stocks-to-buy-now.aspx
Innovative Industrial Properties allows investors in the marijuana industry to benefit in two ways. First, marijuana companies are a trending investment sector at the moment and are considered one of the few recession-proof sectors of the market. Second, while marijuana growers are still considered risky investments, a real estate investment trust (REIT) which rents property to cannabis growers has some insulation from the risks inherent in the industry. Being a REIT also somewhat shields the company from the excessive regulations associated with marijuana growers and allows Innovative Industrial to earn a profit and pay a dividend while many grower stocks are losing money and not rewarding shareholders.
Over the last year, Innovative Industrial has benefited from two key trends. One trend involves small start-ups selling their production properties to generate ready cash flow needed to operate and then leasing the property back immediately from the company they sold it to (in this case, Innovative Industries). The second trend is a change in legislation. Where previous laws limited the Innovative Industries' reach to states that had legalized medical or recreational cannabis, now federal hemp production legalization means the company can operate properties in all 50 states.
Because the potential is still not being realized for this industry, this stock trades at a forward P/E of 23.4, meaning it seels at a premium. But this appears reasonable considering that analysts predict earnings increases of 78.8% this year and 37.2% in fiscal 2021.
As a REIT, Innovative Industrial Properties must pay out at least 90% of net income to its shareholders. The company has not disappointed in that regard and its $4 per-share dividend payout yields about 4.6%. This dividend has also increased every year since Innovative Industrial paid its first dividend in 2017.
Grandview Research forecasts a compound annual growth rate for the global cannabis industry of 18.1% through 2027. This should ensure that the company will continue to attract tenants.
As hemp grows more popular and as more jurisdictions loosen restrictions on marijuana use, demand for properties like the type owned by Innovative Industrial should continue to surge.
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>>> SJW Group (SJW), through its subsidiaries, provides water utility services in the United States. It engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services. The company also provides non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services and sewer operations to water utilities in Connecticut; and a Linebacker, subscription service line protection plan for public drinking water customers, as well as offers repair or replace a leaking or broken water service line, curb box, curb box cover, meter pit, meter pit cover, and meter pit valve. Its water supply consists of groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District. The company offers water service to approximately 231,000 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino, as well as in the cities of Campbell, Monte Sereno, Saratoga, and the Town of Los Gatos; and adjacent unincorporated territories in the County of Santa Clara in the State of California. In addition, it provides water service to approximately 18,000 connections, which serve 54,000 people in a service area comprising 246 square miles in the region between San Antonio and Austin, Texas; and 137,000 connections that serve approximately 480,000 people in 80 municipalities in Connecticut and Maine, and approximately 3,000 wastewater connections in Southbury, Connecticut. Further, the company owns undeveloped land in California and Tennessee; and owns and operates commercial buildings and warehouse properties in Tennessee. The company was formerly known as SJW Corp. and changed its name to SJW Group in November 2016. SJW Group was founded in 1866 and is headquartered in San Jose, California.
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Balchem - >>> NEW APPLICATIONS LAB IN BRIDGETON, MO
By Robert Mason
Senior Scientist, Encapsulates & Inclusions
https://www.sensoryeffects.com/content/new-applications-lab-bridgeton-mo
With the integration of Balchem Corporation and SensoryEffects, the Balchem Encapsulates Applications research lab has relocated from New Hampton, NY to Bridgeton, MO. The Applications lab is now housed in a newly renovated lab space to accommodate all of the equipment moved from New York and is now ready to take on new projects.
Applications research and development is an important part of the SensoryEffects technical team, as they study the performance of our ingredient portfolio in the finished formulations used by customers. The lab has a wide variety of equipment and instrumentation suited for analytical, bakery, meat and confectionery research to support new product development or trouble shoot customer issues.
Our team is comprised of talented scientists trained in bakery, meat and encapsulation technologies and they work diligently to overcome the many challenges our customers encounter in their products and/or processes. They are highly skilled in formula development for meat, bakery and confectionery products and are always willing to share their expertise.
The integration has made a wider range of ingredients available to customers in the bakery and meat industry, including lipid inclusions for Balchem customers and encapsulated ingredients for SensoryEffects customers. Along with the ability to develop bakery, meat and confectionery products, our lab can analyze the raw materials and finished products in-house for CO2 production, pH, texture, moisture, color, flavor matching and conduct sensory tests. The Applications team has been hard at work in their new lab with new product applications research and they are looking forward to supporting our new and existing customers from this new facility.
Looking forward
We currently support many research efforts for European line extensions of our encapsulate and inclusion products, and will be launching lipid inclusions for the European market by the end of 2015. Look for them to roll out at the FI Natural Products in Istanbul and IBA in Munich trade shows!
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>>> John B. Sanfilippo & Son, Inc. (JBSS), together with its subsidiary, JBSS Ventures, LLC, processes and distributes tree nuts and peanuts in the United States. The company offers raw and processed nuts, including almonds, pecans, peanuts, black walnuts, English walnuts, cashews, macadamia nuts, pistachios, pine nuts, Brazil nuts, and filberts in various styles and seasonings. It also offers peanut butter in various sizes and varieties; snack and trail mixes, salad toppings, snacks, snack bites, dried fruit, and chocolate and yogurt coated products; baking ingredients; bulk food products; sunflower kernels, pepitas, almond and cashew butter, candy and confections, corn snacks, sesame sticks, and other sesame snack products; and various toppings for ice cream and yogurt. In addition, the company operates a retail store. The company provides its products under the Fisher, Orchard Valley Harvest, Squirrel Brand, Southern Style Nuts, and Sunshine Country brands, as well as under various private brands. It serves retailers and wholesalers, and commercial ingredient and contract packaging customers through a network of independent brokers, distributors, and suppliers. John B. Sanfilippo & Son, Inc. was founded in 1959 and is headquartered in Elgin, Illinois.
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>>> Atlas Air Worldwide Holdings, Inc. (AAWW), through its subsidiaries, provides outsourced aircraft and aviation operating services. It operates through three segments: ACMI, Charter, and Dry Leasing. The company offers outsourced cargo and passenger aircraft operating solutions, including contractual service arrangements, such as the provision of aircraft; and value-added services, including crew, maintenance, and insurance to aircraft and other customers. It also provides cargo and passenger aircraft charter services to the U.S. Military Air Mobility Command, charter brokers, freight forwarders, direct shippers, airlines, sports teams and fans, and private charter customers; and aircraft and engines dry leasing services. In addition, the company offers administrative and management support services, and flight simulator training services. It also serves express delivery providers, e-commerce retailers, and airlines. The company has operations in Africa, Asia, Australia, Europe, the Middle East, North America, and South America. Atlas Air Worldwide Holdings, Inc. was founded in 1992 and is headquartered in Purchase, New York.
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>>> Air Transport Services Group, Inc. (ATSG), through its subsidiaries, operates in the airfreight and logistics industry. The company owns and leases cargo aircraft to airlines and other customers. It also provides airline operations to delivery companies, airlines, freight forwarders, and the U.S. Military, as well as operates charter agreements. In addition, the company offers mail and package sorting services, as well as related maintenance services for material handling equipment, ground equipment, and facilities; airframe modification and maintenance, component repair, engineering, aircraft line maintenance, and insurance services; and flight crew training, load transfer and sorting services. Further, it rents ground equipment and sells aviation fuel; and resells and brokers aircraft parts. As of December 31, 2018, the company owned a fleet of 91 serviceable Boeing 777,767, 757, and 737 passenger and cargo aircraft. The company, formerly known as ABX Holdings, Inc., was founded in 1980 and is headquartered in Wilmington, Ohio.
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Calavo - >>> Avocado Seller Erases Two-Month Gain After Mexico Tariff Threat
Bloomberg
By Catherine Larkin
May 31, 2019
https://www.bloomberg.com/news/articles/2019-05-31/avocado-seller-erases-two-month-gain-after-mexico-tariff-threat?srnd=premium
President Donald Trump’s threat to impose tariffs on all Mexico imports helped wipe out two months of share gains for leading avocado seller Calavo Growers Inc.
Calavo fell 6.6% to its lowest level since April 3, just after Trump’s threats pushed Mexican avocado prices higher. The Santa Paula, California-based company has four plants in Mexico and about 20 in the U.S. Its Calavo Foods guacamole business produces the “overwhelming majority” of its products in Uruapan, Mexico, according to its annual report. Calavo didn’t immediately return a voice-mail message before normal business hours on Friday.
<<< Bad News For Brunch: Avocado Prices Jump After Trump Tariff Threat
Bloomberg
By Alfred Cang
May 31, 2019
https://www.bloomberg.com/news/articles/2019-05-31/avocado-seller-erases-two-month-gain-after-mexico-tariff-threat?srnd=premium
Avocados, berries and asparagus -- some of the ingredients favored by American millennials for a perfect brunch -- just got more expensive thanks to Donald Trump’s latest salvo on Mexico.
The U.S. President rattled global markets by imposing a 5% tariff on Mexican goods and threatening to increase it to 25%. The lower rate will take effect on June 10 and won’t be lifted “until such time as illegal migrants coming through Mexico, and into our country, STOP,” Trump said in a Twitter post. Mexico, the biggest buyer of American corn, said it doesn’t want a trade war and won’t retaliate until the countries discuss the issue.
Price of Mexican fruit surge amid Trump's threats
Prices of avocado, a fruit that’s seen sales surge worldwide in recent years on growing popularity with the younger crowd, have almost doubled in the past two months amid Trump rhetoric about a possible border closing with Mexico, which is also a major mixed berry and asparagus supplier to the U.S.
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Calavo Growers (CVGW) - >>> Avocado sales could more than double this year, helped by demand from China's middle class
CNBC
by Jeff Daniels
Jan 2018
https://www.cnbc.com/2018/01/10/chinas-middle-class-is-boosting-demand-for-avocados.html
Avocado sales are expected to more than double this year as more health-conscious consumers in China show an interest in the "heart-healthy" avocados.
One big beneficiary of the growing demand is Mexico the global leader in avocado production.
China could start producing enough of its own crop, including the Hass variety, to cut into imports of the fruit, yet, experts say that is unlikely to happen anytime soon.
A worker of the San Lorenzo Packing Company checks and fills boxes with avocados that will be shipped to U.S. in the state of Michoacan, Uruapan, Mexico.
Avocado sales to China are expected to more than double this year as demand continues to grow for the fruit from the country's expanding middle-class population.
"It appears to just double every year, from what we've seen," Steve Barnard, president of Oxnard, California-based Mission Produce, the world's largest distributor of avocados. "It maybe more than double this year."
And, the pace of growth shows no sign of slowing as more health-conscious consumers in the world's most populous nation show an interest in the "heart-healthy" avocados, executives say. The fruit also appeals to "young, trendy people," said Barnard.
One big beneficiary of the growing demand is Mexico, the global leader in avocado production. Even through the U.S. market remains lucrative, avocado marketers in the Mexican state of Jalisco recently hosted a Chinese delegation in hopes of grabbing a piece of the action that now is dominated by the neighboring state of Michoacan.
"The Chinese market has been growing at a very fast pace," said Ramon Paz, an advisor for the Avocado Producers and Exporting Packers Association of Mexico (APEAM). "Our numbers show big growth but the total absolute numbers are still modest compared to other markets like the U.S. But of course the potential is huge."
According to Chicago-based researcher Technomic, "Avocado has evolved into a trending ingredient worldwide and has particular resonance in China — where it's commonly known as butter fruit — due to its somewhat exotic positioning."
Most of the demand in China is from "urban consumers" in the largest cities of Shanghai, Beijing and Guangzhou, said Paz. He said Chinese millennials who have traveled overseas also are helping to grow the market.
Still, Paz said the U.S. market remains a priority market for Mexican shippers for several reasons, including shorter transportation time, reduced risks and generally more favorable payment arrangements too. That said, he also indicated that demand for avocados also is strong in Japan and parts of Europe.
Mexico plans to ship 1.8 billion pounds of avocados to the U.S. in the current 2017-18 season, which runs from July 1, 2017 to June 30, 2018, according to Paz. By comparison, Latin American countries as a group shipped about 76 million pounds of avocados last season to China.
Even so, there's a risk that with all the Latin American avocados going to China it could one day increase the cost to American consumers. Mexican-grown avocados account for almost 80 percent of the creamy fruit sold in the U.S. market.
"It could affect it, yes, because it's pulling product out of Chile, Peru or Mexico that would would be available to ship here," said Barnard. And he added, "The Chinese pay pretty good — you get a premium."
The wholesale prices of avocado in the United States more than doubled last fall due to supply hiccups in Mexico. Supplies from Mexico ended up about 20 percent below the average last season and California's harvest was about half its usual amount, according to Paz.
"When you see 20 percent less, it has an impact in the market," said Paz. "We had a short crop basically because avocados have a tendency to produce more one year and less the next year. This year the Mexican crop is back to normal and California is forecasting a regular crop, although they had some problems with the recent wildfires."
Despite last year's higher prices, demand didn't fall off as Americans appear to be willing to pay more for their avocado and guacamole. Paz estimates avocado demand in the U.S. is growing about 10 to 12 percent per year.
Executives say there's also demand for avocados coming from other parts of Asia as well as Europe along with countries such as Argentina, which in the past two years has increased exports by around 50 percent from Chile.
"Between the nutrition and the health benefits and the versatility of use, avocados is obviously one of the fastest-growing produce items in the world as far as consumption," said Barnard.
Mission, which is privately held, grows, packs and ships avocados all over the world and has production operations in Chile, Peru, Mexico, Colombia, Guatemala and the United States.
Said Barnard, "As someone right in the middle of it, we're continuing to increase supply because we don't see this thing slowing down any."
Barnard believes the retail prices of avocados in the U.S. will average "significantly lower" in 2018 compared with 2017. "If you get it down to around a dollar apiece for a medium-sized fruit, the stuff will fly off the shelves."
Per capita consumption in the U.S. of avocados is around 7 pounds per person, up from 4 pounds in 2010, according to the U.S. Department of Agriculture. And produce executives say China is just a fraction of that amount today but if it approached the American levels it would be about 10 times the amount of fruit produced in the world.
Meantime, more avocados entering the Chinese market this year will get sent to ripening rooms in large distribution centers to allow the green fruit to become ready-to-eat. A drawback before the ripening rooms was Chinese consumers having to wait for the fruit to ripen before consuming it.
"The ripe fruit is growing much faster than unripe fruit, for obvious reasons — same as it does here," said Barnard. "We put a ripening distribution center over there last March, and we're already adding a second one."
Mission Produce sends full containers of avocados packed either in Mexico, Chile or Peru to China and then refrigerates it. "Upon demand, we'll ripen it and ship it out to the customers," said Barnard.
The ripening process for avocados is similar to bananas shipped green from Latin America that are then put into special ripening rooms to make them ideal for eating. Nature's ripening process is stimulated by using ethylene, which is a natural gas, along with ideal heat, humidity and airflow.
Mission first started selling into the Chinese market about four years ago and has two local partners for its ripe avocado brand, Mr. Avocado, in the Asian country. The U.S. company's joint venture partners include Chinese importer Lantao and a local retailer Pagoda, operator of 2,500 fruit-shop outlets.
"I have been in those fruit shops and you see a little bit of everybody buying," said Barnard. "You see mothers and college kids. They eat pretty healthy over there — a lot of vegetables. And the fruit just adds another variable to the diet."
Bernstein analyst: Higher avocado prices the source of Chipotle's earnings miss Bernstein analyst: Higher avocado prices the source of Chipotle's earnings miss
The Mr. Avocado brand has been using social media advertising in China to spread awareness of avocados and their health benefits. They also are doing suggestions on how to eat the fruit.
Interestingly, the Chinese also have some avocados grown within their borders in regions such as Guangxi, located north of Vietnam. There also have been state-run farms doing trial plantings over the decades, even before significant demand existed in the domestic market.
"They have some trials in the south," said Barnard. "We're monitoring it."
He said the Chinese "have a big learning curve to go over" to launch large-scale avocado production and also would face logistical challenges since production is "in the middle of nowhere."
The avocado plant found in China is largely a tropical variety and similar to the kind found in Brazil or the Dominican Republic. It tends to have less oil and less flavor than the more popular Hass avocado.
One future possibility is China could start producing enough of its own crop, including the Hass variety, to cut into imports of the fruit. Yet, experts say that is unlikely to happen anytime soon.
"Relative to the market, it will not have very large impact ... in the next several years," said Paz. "But you never know with China how big they will go with Hass avocados."
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J+J Snack Foods - >>> Food Recall of Fit & Active Southwest Veggie Stuffed Sandwiches
GlobeNewswire
October 29, 2018
https://finance.yahoo.com/news/food-recall-fit-active-southwest-001040336.html
Due to Possible Listeria monocytogenes and Salmonella Contamination in Vegetables
PENNSAUKEN, N.J., Oct. 29, 2018 (GLOBE NEWSWIRE) -- J&J Snack Foods Handheld Corp. of Holly Ridge, NC is voluntarily recalling two lots of Fit & Active Southwest Veggie Stuffed Sandwiches due to potential contamination with Listeria monocytogenes and Salmonella. Salmonella is an organism that can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.
Listeria monocytogenes is an organism, which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Although healthy individuals may suffer only short-term symptoms such as high fever, severe headache, stiffness, nausea, abdominal pain and diarrhea, Listeria monocytogenes infection can cause miscarriages and stillbirths among pregnant women. Individuals concerned about an illness should contact their health care provider.
The Fit & Active Southwest Veggie Stuffed Sandwiches products affected have production dates of Julian code: 20027230003106:15 BEST BY FEB 09 2019 and Julian code: 20027235003115:13 BEST BY FEB 14 2019.
Below is information to help identify the product.
UPC Code Brand / Label Product Description Best By Dates
0 4149815117 1 Fit & Active Southwest Veggie Stuffed Sandwiches FEB 09 2019 &
FEB 14 2019
Although this product is not ready-to-eat and has baking instructions which, if followed, will reduce consumer risk, there remains some risk that mishandling of this product prior to or without adequate baking may cause illness. To date, no illnesses have been reported in connection with these products and this recall has been initiated as a precautionary measure.
The potential for contamination was discovered after a supplier, McCain Foods, IL, announced it was recalling frozen vegetables which are ingredients used in the product.
Products were distributed between 08/22/2017 – 09/20/2017 to Aldi retail stores in Alabama, Connecticut, Delaware, Florida, Georgia, Kentucky, Massachusetts, Maryland, Mississippi, North Carolina, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Virginia, Vermont, and West Virginia. Product was also available for purchase to ALDI customers in the Atlanta area through the company’s partnership with Instacart, a grocery delivery service.
Consumers with affected products are urged to discard or return them to the place of purchase for a full refund. Customers or consumers with questions may call 856-532-9064 between Monday – Friday 7 a.m. and 4 p.m. Eastern Time.
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>>> J & J Snack Foods Corp. is a manufacturer, marketer and distributor of a range of snack foods and beverages for the food service and retail supermarket industries. The Company operates in three business segments: Food Service, Retail Supermarkets and Frozen Beverages. Its portfolio of products includes soft pretzels, frozen beverages, frozen juice treats and desserts, stuffed sandwiches, burritos, churros, fruit pies, funnel cakes, cookies and bakery goods, and other snack foods and drinks. Its principal snack food products are soft pretzels marketed primarily under brand names SUPERPRETZEL and BAVARIAN BAKERY; frozen juice treats and desserts marketed primarily under LUIGI'S, WHOLE FRUIT, ICEE, PHILLY SWIRL and MINUTE MAID brand names; churros marketed primarily under the TIO PEPE'S, CALIFORNIA CHURROS and OREO brand names, and bakery products sold primarily under the READI-BAKE, COUNTRY HOME, MARY B'S and DADDY RAY'S brand names, as well as for private label and contract packing. <<<
>>> Calavo Growers, Inc. engages in marketing, and distribution of avocados, prepared avocados, and other perishable foods. It operates through Fresh Products, Calavo Foods, and Renaissance Food Group segments. The Fresh Products segment grades, sizes, packs, cools, and ripens avocados for delivery to the customers. The Calavo Foods segment procures and processes avocados into wide variety of guacamole products, and distributes the processed products to the customers. The Renaissance Food Group segment produces, markets, distributes, nationally a portfolio of healthy fresh packaged food products for consumers via the retail channel. The company was founded in 1924 and is headquartered in Santa Paula, CA. <<<
>>> Exponent, Inc., together with its subsidiaries, operates as a science and engineering consulting company worldwide. It operates in two segments, Engineering and Other Scientific; and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering, buildings and structures, civil engineering, construction consulting, electrical engineering and computer science, engineering management consulting, human factors, industrial structures, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, statistical and data sciences, technology development, thermal sciences, and vehicle analysis. The Environmental and Health segment offers services in the areas of chemical regulation and food safety, ecological and biological sciences, environmental and earth sciences, occupational and environmental health risk assessment, and toxicology and mechanistic biology, as well as epidemiology, biostatistics, and computational biology. The company offers approximately 90 different technical disciplines to solve complicated issues facing industry and government. It serves clients in automotive, aviation, chemical, construction, consumer products, energy, government, health, insurance, manufacturing, technology, and other sectors. The company was formerly known as The Failure Group, Inc. and changed its name to Exponent, Inc. in 1998. Exponent, Inc. was founded in 1967 and is headquartered in Menlo Park, California. <<<
>>> Flowers Foods (FLO) Stock Tumbles on Compliance Review
Aug 10, 2016
https://www.thestreet.com/story/13671379/1/flowers-foods-flo-stock-tumbles-on-compliance-review.html?puc=yahoo&cm_ven=YAHOO
NEW YORK (TheStreet) -- Shares of Flowers Foods (FLO) were retreating 7.38% to $16.44 on heavy trading volume early Wednesday afternoon after the Department of Labor notified the company that it is scheduled for a compliance review under the Fair Labor Standards Act.
Flowers disclosed the review in an SEC filing today but didn't mention the issue at hand, the Wall Street Journal reports.
The company is currently being sued by a number of truck drivers alleging they were wrongly classified as independent contractors, causing them to miss overtime pay and other employee benefits, the Journal adds. The lawsuits claim that Flowers violated Fair Labor Standards acts with the alleged misclassifications.
Flowers Foods is a Thomasville, GA-based bakery that owns Wonder Bread, Nature's Own and Tastykake brands.
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About 3.97 million shares of Flowers Foods have been traded so far today vs. its average trading volume of roughly 1.88 million shares per day.
Separately, TheStreet Ratings team rates the stock as a "buy" with a ratings score of B-.
Flowers Foods' strengths such as its revenue growth, reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity outweigh the fact that the company has had sub par growth in net income.
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>>> WD-40 Company develops and sells maintenance products, and homecare and cleaning products. It offers multi-purpose maintenance products, including aerosol sprays, non-aerosol trigger sprays, and in liquid form under the WD-40 Multi-Use brand for various consumer uses; and specialty maintenance products that comprise penetrants, degreasers, corrosion inhibitors, lubricants, and rust removers under the WD-40 Specialist brand name. The company also provides products under the WD-40 Bike product brand consisting of wet and dry chain lubricants, heavy-duty degreasers, foaming wash, and frame protectants for avid cyclists, bike enthusiasts, and mechanics; multi-purpose drip oils and spray lubricant products, as well as other specialty maintenance products under the 3-IN-ONE brand; and professional spray maintenance products and lubricants for the bike market under the GT85 brand. In addition, it offers liquid mildew stain removers and automatic toilet bowl cleaners under the X-14 brand; automatic toilet bowl cleaners under the 2000 Flushes brand; and a range of room and rug deodorizers sold as powder, aerosol quick-dry foam, and trigger spray products under the Carpet Fresh brand. Further, the company provides aerosol carpet stain removers, and liquid trigger carpet stain and odor eliminator under the Spot Shot brand; carpet and household cleaners, and rug and room deodorizers under the 1001 brand; and hand cleaner products under the Lava and Solvol brand names. It offers products primarily through mass retail and home center stores, warehouse club stores, grocery stores, hardware stores, automotive parts outlets, sport retailers, independent bike dealers, and industrial distributors and suppliers in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company was founded in 1953 and is headquartered in San Diego, California.
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>>> Sensient Technologies Corporation manufactures and markets colors, flavors, and fragrances in the United States and internationally. The company operates through two segments, Flavors & Fragrances Group, and Color Group. The Flavors & Fragrances Group segment develops, manufactures, and supplies systems products, including flavor-delivery systems, and compounded and blended products; ingredient products, such as essential oils, natural and synthetic flavors, and aroma chemicals; chili powder; paprika; chili pepper; and dehydrated vegetables comprising parsley, celery, and spinach. This segment sells its products to the food, beverage, personal care, and household-products industries. The Color Group segment develops, manufactures, and supplies natural and synthetic color systems for use in foods, beverages, and pharmaceuticals; colors and other ingredients for cosmetics and pharmaceuticals; and technical colors for industrial applications. It also offers industrial colors, specialty inks, and other dyes and pigments used in various non-food applications. This segment sells products under the Sensient Food Colors, Sensient Pharmaceutical Coating Systems, Sensient Cosmetic Technologies, Sensient Inks, and Sensient Industrial Colors trade names. The company was founded in 1882 and is headquartered in Milwaukee, Wisconsin. <<<
>>> Rollins, Inc., through its subsidiaries, provides pest and termite control services to residential and commercial customers. The company offers its pest control services; and protection services against termite damage, rodents, and insects to homes, as well as to businesses, including hotels, food service establishments, food manufacturers, retailers, and transportation companies. It also provides pest management and sanitation services and products to the food and commodity industries. The company operates in the United States, Canada, Central America, the Caribbean, the Middle East, Asia, the Mediterranean, Europe, Africa, and Mexico. Rollins, Inc. was founded in 1948 and is headquartered in Atlanta, Georgia. <<<
>>> The Hain Celestial Group, Inc., together with its subsidiaries, manufactures, markets, distributes, and sells organic and natural products in the United States, the United Kingdom, Canada, and Europe. Its grocery products include infant formula, rice, non-dairy beverages, frozen desserts, flour and baking mixes, breads, hot and cold cereals, pasta, condiments, cooking and culinary oils, granolas, granola and cereal bars, canned, chilled fresh, aseptic and instant soups, and greek-style yogurt, as well as infant, toddler, and kids foods. The company also offers chilis, packaged grains, chocolate, nut butters, juices including cold-pressed juice, chilled hot-eating, chilled and frozen desserts, cookies, crackers, gluten-free frozen entrees and bars, frozen pastas and ethnic meals, frozen fruit and vegetables, cut fresh fruit, refrigerated and frozen soy protein meat-alternative products, tofu, seitan and tempeh products, jams, fruit spreads and jelly, and honey and marmalade products, as well as other food products. In addition, it provides snack products comprising various potato, root vegetable, and other exotic vegetable chips, as well as straws, tortilla chips, whole grain chips, pita chips, baked puffs, and popcorn; specialty teas, such as herbal, green, wellness, white, red, and chai teas, as well as ready to drink kombucha products, ENERJI green tea, and kombucha energy shots; and personal care products, including skin, hair and oral care, deodorants, baby care items, diapers, acne treatment, body washes, and sunscreens. The company sells its products through direct sales people, brokers, and distributors to specialty and natural food distributors, supermarkets, natural food stores, mass-market retailers, e-tailers, food service channels and club, and drug and convenience stores in approximately 65 countries worldwide. The Hain Celestial Group, Inc. was founded in 1993 and is headquartered in Lake Success, New York. <<<
>>> Chemed Corporation provides hospice and palliative care services in the United States. It operates in two segments, VITAS and Roto-Rooter. The company offers its services to patients through a network of physicians, registered nurses, home health aides, social workers, clergy, and volunteers. It also provides plumbing and drain cleaning services to residential and commercial customers. Chemed Corporation was founded in 1970 and is based in Cincinnati, Ohio. <<<
>>> TreeHouse Foods, Inc. operates as a food manufacturer in the United States and Canada. It operates in North American Retail Grocery, Food Away From Home, and Industrial and Export segments. It sells non-dairy powdered creamers; sweeteners; condensed, ready to serve, and powdered soups, as well as broths and gravies; refrigerated and shelf stable salad dressings and sauces; pickles and related products; Mexican sauces; jams and pie fillings; aseptic products; liquid non-dairy creamer; powdered drinks; single serve hot beverages; specialty teas; hot and cold cereals; baking and mix powders; macaroni and cheese; and skillet dinners. The company offers pickles under the Farman?s, Nalley, Peter Piper, and Steinfeld?s brands; sauces and syrups under the Bennett?s, Hoffman House, Roddenbery?s Northwoods, and San Antonio Farms trademarks; non-dairy powdered creamer under the Cremora trademark; non-dairy refrigerated liquid creamer under the Mocha Mix trademark; Single serve hot beverages under the Caza Trail and Grove Square trademarks; other refrigerated products under the Second Nature trademark; jams and other sauces under the E.D. Smith and Habitant® trademarks; oatmeal under the McCann?s trademark; refrigerated dressings and sauces under the Naturally Fresh trademark; and mayonnaise, dressings, and sauces under the Cains and Olde Cape Cod trademarks. It primarily serves grocery retailers, mass merchandisers, and foodservice operators through various distribution channels, including retail grocery, foodservice distributors, and industrial and export. TreeHouse Foods, Inc. is based in Oak Brook, Illinois. <<<
>>> Cal-Maine Foods, Inc. produces, grades, packages, markets, and distributes shell eggs. It produces and markets specialty shell eggs, including nutritionally enhanced, cage free, organic, and brown eggs under the Egg-Land?s Best, Land O? Lake, Farmhouse, and 4-Grain brand names; and private label specialty shell eggs. The company sells its products to various customers, including national and regional grocery store chains, club stores, foodservice distributors, and egg product consumers primarily in the southeastern, southwestern, mid-western, and mid-Atlantic regions of the United States. Cal-Maine Foods, Inc. was founded in 1969 and is based in Jackson, Mississippi. <<<
>>> J&J Snack Foods and Snyders-Lance: 2 Snack Companies to Watch
By William Bias
June 16, 2014
http://www.fool.com/investing/general/2014/06/16/jj-snack-foods-and-snyders-lance-2-snack-companies.aspx
Investing legend Peter Lynch once said, "Know what you own, and know why you own it."
With that said, plenty of good investment ideas can be found in relatively unknown companies. Snack sellers J&J Snack Foods (NASDAQ: JJSF ) and Snyder's-Lance (NASDAQ: LNCE ) may represent good ideas. However, it always pays to research the company fundamentals to look for growth in revenue, net income, and free cash flow and to determine their ability to retain some of that cash for reinvestment back into the business.
Icees and pretzels
J&J Snack Foods sells snacks and frozen beverages under names such as Superpretzel, Icee, and California Churros. The company distributes these products to convenience stores, supermarkets, and other retail outlets.
Over the past 10 years J&J Snack Foods grew its revenue, net income, and free cash flow 108%, 184%, and 99%, respectively. J&J Snack Foods sits on a good balance sheet with cash and long-term debt to equity ratios registering at 14% and 0.08%, respectively, in the last quarter.
Low amounts of debt mean less interest costs over the long-term. In general, investors should look for companies with long-term debt to equity ratios of 50% or less. J&J Snacks Foods' year to date operating income exceeded interest expense by an incredible 608 times. The rule of thumb for safety resides at five times or more.
J&J Snack Foods pays a dividend. The best way to gauge the underlying strength of a company's dividend is to look at the dividend to free cash flow ratio for a full year. Free cash flow doesn't get distorted as much by accounting manipulation, unlike earnings per share which can be artificially inflated by share repurchases.
Last year J&J Snack Foods paid out a frugal 22% of its free cash flow in dividends. Currently the company pays its shareholders $1.28 per share per year and yields 1.4% annually.
Crackers and chips
Snyder's-Lance sells snacks such as potato and pretzel chips under brand names such as Snyder's of Hanover, Tom's, and Pretzel Crisps. Snyder's-Lance expanded its fundamentals at a healthy pace over the past 10 years growing its revenue, net income, and free cash flow 212%, 217%, and 109%, respectively.
Snyder's-Lance doesn't possess as much cash on its most recent balance sheet. Its $5.6 million balance equates to less than 1% of stockholder's equity. However, its long-term debt to equity ratio equates to 51%. Operating income clocked in at 8 times earnings in the most recent quarter.
Last year, Snyder's-Lance paid out 59% of its free cash flow in dividends which resides a little in the high range. Currently the company pays its shareholders $0.64 per share per year and yields 2.3% annually.
What should you do?
J&J Snack Foods definitely possesses the better balance sheet with more cash and less long-term debt. The company isn't resting on its laurels as it recently expanded its frozen snack and beverage offering with the acquisition of Philly Swirl.
Snyder's-Lance recently expanded its line of products with the acquisition of Baptista's Bakery. The company also wants to focus on expanding its distribution of its core brands and recently sold off its private brands.However, investors may want to take their capital elsewhere due to Snyder's-Lance's inferior balance sheet.
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