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Green again. Don't forget about the divy too. This is a great stock.
Up again, this stock is great! I love Diamond.
Sounds great. One of the things I like about Bob's is the fact that it is the largest fast food corp in Brazil! I like Brazilian stocks and I like the fact Bob's 'owns' its market.
Nat gas prices going up today and yesterday. Big article in the WSJ yesterday regarding all the inflows into nat gas etf. Huge flows!
Many of the restaurants in my area are pretty empty but the fast food restaurants seem to do fairly well. Big article in the WSJ yesterday regarding the Rio slums and the walls going in to protect the forest areas. I think it was a cover story (Page One).
From the WSJ
Diamond Foods Inc.'s (DMND, $29.44, +$3.78, +14.73%) fiscal third-quarter earnings more than doubled as the small snack-food producer reported surging retail sales. The company expects fiscal-year sales at the high end of its forecast and boosted its earnings target to $1.31 to $1.36 a share from $1.27 to $1.34.
Source: WSJ May 28, 2009
Casey’s Reports Record Year and Remains Optimistic for Fiscal 2010
Casey’s General Stores, Inc. (Nasdaq: CASY) today reported earnings for the fourth quarter and the fiscal year ended April 30, 2009. For the quarter, basic earnings per share from continuing operations were $0.31 compared to $0.28 a year ago. For the year, basic earnings per share were $1.69, up from $1.68 in fiscal 2008. The results include a $9.1 million pre-tax charge related to the previously disclosed settlement of two wage and hour lawsuits. Without the effect of the settlement, earnings would have been approximately $1.80 for the year. “Despite this charge and a very challenging economy, we were able to achieve record earnings and we anticipate continuing our strong performance in fiscal 2010,” said President and CEO Robert J. Myers.
Gasoline—Casey’s annual goal in fiscal 2009 was to increase same-store gasoline gallons sold 2% with an average margin of 10.8 cents per gallon. For the year, same-store gallons were up 1% with an average margin of 12.9 cents per gallon. “The high retail price environment held same-store gallons in check during the first half of the fiscal year,” said Myers. “However, same-store gallons improved during the second half of the year as retail prices declined.” Same-store gallons sold were up 1.2% for the fourth quarter with an average margin of 12.1 cents.
Grocery and Other Merchandise—The Company’s goal was to increase same-store sales 7% with an average margin of 33.2%. For the fiscal year, same-store sales rose 5.9% with an average margin of 33.5%; up 40 basis points from a year ago. Gains made in the cigarette area and the continued popularity of high-margin beverages were significant contributors to the growth. “We are pleased with this category’s performance over the past several years and remain encouraged about future growth opportunities,” stated Myers. For the quarter, same-store sales increased 8% with an average margin of 32.9%.
Prepared Food and Fountain—Casey’s annual goal was to increase same-store sales 6.8% with a margin of 61.2%. Same-store sales increased 9.1% during fiscal 2009, with an average margin of 61.4%. “The Company benefited from strategic price increases implemented early in the year and was successful in negotiating a forward buy that locked in our cheese cost through October 2009,” said Myers. “In fiscal 2010 we intend to maintain the momentum by expanding our coffee and fountain selections, introducing new menu items and continuing the roll-out of our made-to-order sub sandwich program.” Total sales for the year were up 11.2% to $335.6 million. Same-store sales in the fourth quarter rose 7.2%, with a margin of 62.7%; up 180 basis points from the fourth quarter a year ago.
Operating Expenses—For the fiscal year, operating expenses increased 6.2%. In the fourth quarter, operating expenses were up 7.1%. Without the effect of the lawsuit settlement, operating expenses would have been up only 4.3% for the year and down 0.6% in the quarter. “Lower fuel prices during the second half of the year helped reduce our transportation costs and credit card fees,” stated Myers.
Expansion—The goal for fiscal 2009 was to increase the total number of stores 4%. For the year, the Company increased the store count by approximately 2%, with 16 new store constructions and 16 acquired stores. “In addition to unit growth, we continue to replace and remodel existing locations to meet the changing needs of our customers,” stated Myers. “During fiscal 2009 we replaced 14 stores and completed 2 remodels utilizing the features of our new store design.”
Fiscal 2010 Goals—Myers shared four corporate performance goals for fiscal 2010:
* Increase same-store gasoline gallons sold 2% with an average margin of 11 cents per gallon.
* Increase same-store grocery and other merchandise sales 8.9% with an average margin of 33.9%.
* Increase same-store prepared food and fountain sales 7.5% with an average margin of 62%.
* Increase the total number of stores by 4%.
Dividends—At its June meeting, the Board of Directors increased the quarterly dividend to $0.085 per share. The dividend is payable August 17, 2009 to shareholders of record on August 3, 2009.
see the rest of the story here:
http://ih.advfn.com/p.php?pid=nmona&cb=1245163521&article=38245997&symbol=N^CASY
Gas prices are higher than they were several weeks ago but Casey has seen worse. This company has been around for years. They were there in the 70's and early 80's during the gas pump craziness and, of course, they lived through the 2008 spike. This company takes a lickin' but...well, you know the rest!
Gaining market share. Great company.
Sounds like a good plan. I might be adding some ASFX or BOBS.
No, not adding. Energy prices are soft. You?
DMND is green even though the market is down 2.5%. Not bad!
This stock doesn't move much - pretty safe investment imho. The company pays a healthy dividend each quarter. The dividend has been steadily rising - most recently .075/sh Apr09. Not a bad long-term investment imho.
Will this company survive or go belly up? Any thoughts? I haven't bought shares but have been following it. It seems to have found a bottom for now but the liquidity is very low and it seems very risky to hold bank stocks right now.
Hopefully more to come after the profit taking tapers off. Oil and gas prices are down today, that probably didn't help either. Have a great weekend!
That sounds about right. Thanks for the help.
Welcome to the CASY board. We welcome all comments, good and bad. For those unfamiliar with CASY please check the iBox. I have shopped at CASY many times and have always been impressed by the cleanliness, quality, service and location. I have been to several locations within the state of Iowa. If you have not filled up at a Casey I would strongly recommend it.
The company makes great products. Their snacks are quite tasty.
Very strong stock - hasn't suffered as much as other equities over the past year.
Looks like a good time to load up.
Yes! Go chid go!
Good news. Thanks for the post.
Can someone give us an update from the sh meeting?
Any news on the r/s decision?
WASHINGTON (Reuters) - The government should delay new rules that expand U.S. use of biofuels until 2011, the oil industry said on Tuesday, because there is too much work to do on the ground-breaking rules to start sooner.
The Environmental Protection Agency has a January 1 target to apply the rules that also require advanced biofuels to have greenhouse gas emissions that are 40 percent lower than petroleum from creation through consumption.
Al Mannato, a manager at the American Petroleum Institute, said the industry would prefer a year's delay as it is unlikely EPA can complete work in time for a smooth January 1 start.
"It appears the only option possible is a 2011 start date," said Mannato during an all-day EPA hearing on its May 5 proposal to update the so-called renewable fuels standard.
EPA proposed changes to the Renewable Identification Numbers that flow with each gallon of ethanol as it passes through ownership chain from makers to refiners. Mannato said the new rules would result in four types of RINs to be tracked, instead of the current one....
http://www.reuters.com/article/GCA-GreenBusiness/idUSTRE5586HS20090609
ANY IMPACT ON GRH??
This stock could have an upside.
Pros:
Brazil's McDonald's
Largest fast food vendor in Brazil
Growing economy
How much revenue growth, if any, are you expecting this year for Bob's?
U.S. weekly natural gas storage report out Thursday
U.S. natural gas inventories increased last week compared to the week before, according to the latest storage report from the U.S. Energy Information Administration, released Thursday morning.
The U.S. Energy Information Administration reported that working gas in storage was 2,443 billion cubic feet as of June 5, representing a net increase of 106 Bcf from the previous week.
Analysts surveyed by Platts expected an increase between 106 billion and 111 billion cubic feet, says MarketWatch.
Stocks were 568 Bcf higher than last year at this time and 438 Bcf above the five year average of 2,005 Bcf, says the EIA.
Following the news, July natural gas climbed 11 cents to $3.82 per million British thermal units. Before the numbers were released, natural gas was up 0.2% or one cent to $3.72.
On the Horizons BetaPro NYMEX Natural Gas Bull Plus ETF Bullboard, in a post entitled “Gas trying to push up before inventories”, mikerosoft666 said: “One would think that was a good sign. But it always seems to reverse at 10:30 on numbers day and then comes back. I can never figure that out for sure[sic].”
livenlearn added: “its reacting differntly than last week,hard to say it may just be following oil right now[sic].”
kerbacious replied: “Much differently..Misses estimates by 4 BCF..I say thats great..Its reacting like its great..Funny how market knew ahead of time..[sic]”…
http://www.stockhouse.com/Community-News/2009/June/11/Natural-gas-inventories-climb-posters-weigh-in
Let us know what you find out if you like! Good luck.
I think mainly gas but there are also significant oil reserves and activities.
Energy prices rising. Good news for the value of Dune's assets.
I'm no expert but I follow this stock some. What do you want to know?
Hang in there bud. You'll get 'em next time!
Nice observation
thanks, buddy! go synj!
spng did not go straight up. neither did goog, ebay, xom, the list goes on. pullbacks aren't that bad!
Profit taking?
Some pullback is normal imo. I think the stock is holding up fairly well considering the recent run. I expect the stock to make a run for .005/.006 either later today or later this week. Even if .0059 is the top for now (which is unclear imo), there is usually a second run that makes it close to the peak.
.50+ does seem optimistic without a r/s
Thanks. Any other stock recommendations? I might be looking to invest some funds later this week. How long are you planning to hold SYNJ?