DryShips Inc (NASDAQ:DRYS) issued its Q1 2017 Earnings Release on May 10th (“Earnings Release”) after the close and prior to the effectiveness of its previously announced 1:7 reverse stock split. It issued a follow-on press release on May 12th that presented per share financial information reflecting the reverse stock split. At March 31st, DRYS had 17 vessel acquisitions pending that would more than double its dry bulk tonnage and diversify the Company into tankers and VLGCs. In addition, DRYS had issued a torrent of common stock to fund these acquisitions during and subsequent to Q1. The financial information disclosed regarding the first quarter was therefore of limited value and the important disclosures centered on the issuance of common stock, the status of any prospective debt financing, additional acquisitions, and future earnings projections.
Debt Issuance Update
DRYS exercised purchase options to acquire four VLGCs from Cardiff Marine, George Economo u’s closely held investment vehicle. The VLGCs are currently under construction in Chinese shipyards and due for delivery beginning in June and ending in December 2017. The construction of the vessels is being funded by the equity payments made by Cardiff/DRYS (roughly equal to the $21.9 million purchase option price paid by DRYS to Cardiff) and most likely a Chinese export bank. The Chinese government has provided below market export financing to domestic shipyards during the last few years in an attempt to stanch the flow of shipyard bankruptcies due to the severe downturn in construction orders.
Top 5 Heal Care Stocks To Buy Right Now: St. Jude Medical, Inc.(STJ)
- [By Emily Stewart]
Paulson picked up 45,500 shares of St. Jude Medical (STJ) . The stake is worth $3.5 million as of the end of the second quarter.
St. Jude Medical develops, manufactures and distributes cardiovascular medical devices for cardiac rhythm management, cardiovascular, atrial fibrillation therapy areas and neurostimulation medical devices for the management of chronic pain. It has a $23.6 billion market cap and trades at a P/E of 36.03.
Top 5 Heal Care Stocks To Buy Right Now: Compass Minerals Intl Inc(CMP)
- [By Monica Gerson]
Compass Minerals International, Inc. (NYSE: CMP) is projected to post its quarterly earnings at $1.33 per share on revenue of $347.03 million.
MKS Instruments, Inc. (NASDAQ: MKSI) is estimated to post its quarterly earnings at $0.33 per share on revenue of $177.19 million.
Top 5 Heal Care Stocks To Buy Right Now: Infinera Corporation(INFN)
- [By Billy Duberstein]
What a year 2016 was for Infinera (NASDAQ:INFN) shareholders. The stock plunged over 50% last year, as its multiyear run of accelerating 20%-30% growth rates ground to a halt. The story changed from that of a high-growth technology company riding the secular trend of exploding data and bandwidth needs to one of stagnating revenues, profits turning to losses, increased competition, and end customers pausing investments in optical networks.
- [By Lisa Levin]
Infinera Corp. (NASDAQ: INFN) shares were also up, gaining 27 percent to $11.92 after the company reported stronger-than-expected Q4 results.
Equities Trading DOWN
- [By Brian Feroldi]
Investing in the tech sector can be tricky. Competition tends to be fierce, which makes it difficult to stay one step ahead. Two companies that have a strong history of maintaining their edge are Skyworks Solutions(NASDAQ:SWKS)and Infinera(NASDAQ:INFN). Both of these businesses have been taking market share in their industries for years, which is impressive. But which of these two tech companies is the better investment today? Let’s review the bull thesis for each company so we can make an informed decision.
- [By Tracey Ryniec]
Infinera isn’t in a glamorous part of the technology business, as it provides fiber optic connection gear, but as companies like Amazon and Facebook need and use ever more data, it’s Infinera which paves the way. Earnings are expected to grow 31% in 2016.
Top 5 Heal Care Stocks To Buy Right Now: iShares 20+ Year Treasury Bond (TLT)
- [By Craig Jones]
Pravit Chintawongvanich of Macro Risk Advisors spoke on Bloomberg Markets about an options trading idea in iShares Barclays 20+ Yr Treas.Bond (ETF) (NASDAQ: TLT).
- [By Tom Gentile]
An ETF is a fund that tracks indexes such as the Dow Jones Industrial Average and the S&P 500. ETFs basically let you trade an entire sector instead of having to pick and choose specific stocks to trade within a sector. ETFs are also a great way for you to hedge against rising interest rates. When it comes to equities, a good ETF to monitor is the SPDR Dow Jones Industrial Average ETF (NYSE Arca: DIA). For bonds, the iShares 20+ Year Treasury Bond ETF (NYSE Arca: TLT) is a good way to gauge the bullishness or bearishness of the overall bond market.
- [By WWW.THESTREET.COM]
Investors can trade the U.S. Treasury 30-year bond like a stock using the 20+ Year Treasury Bond ETF (TLT) , which is an ETF backed by a basket of U.S. Treasury bonds with maturities of 20 years to 30 years. As a stock-type investment, it never matures, and interest income is converted to periodic dividend payments.
Top 5 Heal Care Stocks To Buy Right Now: DAVIDsTEA Inc.(DTEA)
- [By Monica Gerson]
DavidsTea Inc (NASDAQ: DTEA) is expected to post its quarterly earnings at $0.43 per share on revenue of $71.74 million.
SemiLEDs Corporation (NASDAQ: LEDS) is estimated to post its quarterly earnings.