Though considered by some to be a sinking ship and/or takeover target, office supply juggernaut Staples (NASDAQ: SPLS ) is pushing through its 52-week highs as the company reported respectable earnings during Thursday's trading. Realistically, revenue is growing, the balance sheet is very conservative, and management has taken solid steps in pushing Web-based sales and delivery, as well as international expansion. Still, the company faces headwinds in a devastatingly low-margin business that requires expansion outside of core office products. Should Staples be a part of your retail portfolio? Let's take a look at recent earnings to find out.
Earnings recap
For the first quarter of 2013, Staples brought in $5.8 billion in revenue -- a 3% discount to last year's number and roughly in line with analysts' estimates. On the bottom line, the company earned $0.36 per share, a miss of one penny from the Street's estimate and, again, slightly less than 2012's number.
One of the more exciting figures was the $306 million in free cash flow that the company generated. European same-store sales were also encouraging -- reaching a three-year high.
Best Penny Stocks To Own For 2014: Harvard Bioscience Inc.(HBIO)
Harvard Bioscience, Inc. develops, manufactures, and markets apparatus and scientific instruments used in life science research in pharmaceutical and biotechnology companies, universities, and government laboratories in the United States and internationally. The company?s products target ADMET testing, and molecular biology and liquid handling application areas. Its ADMET testing products comprise absorption diffusion chambers that measure the absorption of a drug into the bloodstream; well equilibrium dialysis plates for serum protein binding assays; organ testing systems; infusion pumps for infusing liquids; behavioral products used in neuroscience, cardiology, psychological, and respiratory studies to evaluate the effects of situational stimuli, drugs, and nutritional infusions on motor and sensory, activity, and learning and test behavior; cell injection systems; ventilators; and electroporation products. The company also distributes various devices, instruments, and c onsumable items used in experiments involving cells, tissues, organs, and animals in the fields of proteomics, physiology, pharmacology, neuroscience, cell biology, molecular biology, and toxicology. It sells its ADMET testing products under the Harvard Apparatus, BTX, KD Scientific, Hugo Sachs Elektronik, Panlab, and Warner Instruments brands names. Its molecular biology and liquid handling products include molecular biology spectrophotometers, DNA/RNA/protein calculators, multi-well plate readers, amino acid analysis systems, liquid dispensers, gel electrophoresis systems, and consumables primarily consisting of pipettes, pipette tips, autoradiography films, gloves, thermal cycler accessories, and reagents. The company sells its products to researchers through catalogs, its Website, and distributors, as well as directly in the United States, the United Kingdom, Germany, France, Spain, and Canada. Harvard Bioscience, Inc. was founded in 1901 and is headquartered in Hollisto n, Massachusetts.
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Skystar Bio-Pharmaceutical Company engages in the research, development, production, marketing, and sale of veterinary healthcare and medical care products in the People?s Republic of China. Its products include veterinary medicine for poultry and livestock; micro-organism products; bio-pharmaceutical veterinary vaccines; and feed additives. The company offers its products through distributors and directly to customers. Skystar Bio-Pharmaceutical Company is headquartered in Xi?an, the People?s Republic of China.
Best Bank Companies To Invest In 2014: Schiff Nutrition International Inc.(WNI)
Schiff Nutrition International, Inc. develops, manufactures, markets, and distributes vitamins, nutritional supplements, and nutrition bars in the United States and internationally. The company?s Schiff brand products include specialty supplements for the joint care; and natural ingredients consisting of tablets, capsules, and softgel product forms. Its Schiff brand products also comprise vitamin products, including multivitamins; individual vitamins, such as vitamin B, vitamin C, and mega-D3; and minerals, which include calcium and iron. In addition, the company provides Omega-3 product line under the MegaRed brand; probiotics products under the Sustenex and Digestive Advantage brands; and joint care products under the Schiff Move Free. Further, it offers other specialty supplement products that comprise omega-3 products, such as fish oil; specialty products, such as prostate health and folic acid for men and women; and other specialty products, such as melatonin ultra, n iacin, and acidophilus. Additionally, the company provides nutrition bars that supply protein, vitamins, and other essential nutrients with fewer calories under the Tiger?s Milk brand. In addition, it manufactures and distributes private label products for retail customers that include specialty supplements; vitamins; and minerals, such as joint care products, vitamin B, and calcium citrate. The company sells its products directly, as well as through brokers. Schiff Nutrition International, Inc. was founded in 1996 and is headquartered in Salt Lake City, Utah.
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Tutor Perini Corporation, together with its subsidiaries, provides diversified general contracting, construction management, and design-build services to private clients and public agencies worldwide. It operates in three segments: Civil, Building, and Management Services. The Civil segment involves in public works construction, and the repair, replacement, and reconstruction of infrastructure. This segment?s civil contracting services include construction and rehabilitation of highways, bridges, mass transit systems, and wastewater treatment facilities. The Building segment provides services to various specialized building markets for private and public works clients, such as the hospitality and gaming, transportation, healthcare, municipal offices, sports and entertainment, education, correctional facilities, biotech, pharmaceutical, industrial and high-tech markets, electrical and mechanical, plumbing, and HVAC services. The Management Services Segment offers diversifie d construction and design-build services to the United States military and government agencies, surety companies, and multi-national corporations in the United States and internationally. This segment also provides rapid response and contract completion services; and management or general contracting services to fulfill the contractual and financial obligations of the surety on notification from the surety of a contractor bond default. The company was founded in 1894 and is headquartered in Sylmar, California.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of construction company Tutor Perini (NYSE: TPC ) jumped 12% today after the company released earnings.
So what: First quarter revenue was up 9%, to $992.9 million, and earnings nearly quadrupled, to $0.31 per share. Wall Street expected revenue to be $983.2 million and earnings of just $0.24, so investors were pleasantly surprised by the results.�
Best Penny Stocks To Own For 2014: Majesco Entertainment Company(COOL)
Majesco Entertainment Company develops and markets video game products primarily for family oriented mass-market consumers. The company publishes video games for various interactive entertainment hardware platforms, including Nintendo?s DS, DSi, and Wii; Sony?s PlayStation 3 and PlayStation Portable; Microsoft?s Xbox 360; and personal computers. It also publishes games for various digital platforms consisting of mobile platforms comprising iPhone, iPad, and iPod Touch, as well as online platforms, including Facebook. The company sells its products primarily to retail chains, specialty retail stores, video game rental outlets, and distributors. The company was founded in 1998 and is based in Edison, New Jersey.
Best Penny Stocks To Own For 2014: Investors Real Estate Trust(IRET)
Investors Real Estate Trust, a real estate investment trust (REIT), engages in the ownership and operation of income-producing real estate properties in the United States. It owns multi-family residential properties and commercial office, medical, industrial, and retail properties located primarily in the upper midwest states of Minnesota and North Dakota. As of April 30, 2008, the company operated a real estate portfolio of 72 multi-family residential; 65 office; 48 medical; 17 industrial; and 33 retail properties. Investors Real Estate Trust has elected to be taxed as a REIT under the Internal Revenue Code of 1986. As a REIT, the trust is not subject to federal corporate income taxes, if it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1970 and is headquartered in Minot, North Dakota with additional offices in Minneapolis, Minnesota, and Omaha, Nebraska; and Kansas City, Kansas, and St. Louis, Missouri.
Best Penny Stocks To Own For 2014: SORL Auto Parts Inc.(SORL)
SORL Auto Parts, Inc., through its principal operating subsidiary, Ruili Group Ruian Auto Parts Co., Ltd., engages in the development, manufacture, and distribution of automotive brake systems and other safety related auto parts for commercial vehicles, such as trucks and buses. The company, through its 90% ownership in Ruili Group Ruian Auto Parts Co., Ltd., a Sino-foreign joint venture, offers various products, including spring brake chamber, clutch servos, air dryers, relay valves, and hand brake valves. It also provides auto metering products, auto electric products, anti-lock brake systems, retarders, hydraulic brakes, and power steering products. SORL Auto Parts, Inc. markets its products under the SORL brand to automotive original equipment manufacturers and the related aftermarket customers in the People?s Republic of China and internationally. The company was founded in 2003 and is headquartered in Ruian City, the People?s Republic of China.
Best Penny Stocks To Own For 2014: IRIDEX Corporation(IRIX)
IRIDEX Corporation provides therapeutic based laser systems, delivery devices, and consumable instrumentation to treat eye diseases in ophthalmology, and skin conditions in dermatology in the United States and internationally. It offers various ophthalmic products, such as infrared photocoagulator consoles, visible (green) and visible (yellow) photocoagulator consoles, and multi-wavelength laser system configurations; and ophthalmic delivery devices comprising TruFocus laser indirect ophthalmoscopes, slit lamp adapters, operating microscope adapters, EndoProbes, G-Probes, and DioPexy Probes. The company offers its ophthalmic products to treat age-related macular degeneration, diabetic retinopathy, glaucoma, retinal tears and detachments, retinopathy of prematurity, ocular tumors, and macular holes. It also offers aesthetics products, which include combination infrared/visible wavelength laser, visible (green), and infrared consoles. In addition, the company offers aestheti cs delivery devices, such as Dermastat Handpieces that are used as tracing instruments for the treatment of small cutaneous surface lesions; DioLite Handpieces, which are handheld instruments used in the treatment of vascular and pigmented skin lesions; VariLite Handpiece, a handheld instrument used in the treatment of vascular and pigmented cutaneous skin lesions, and small area hair reduction; and ScanLite scanner, a computer pattern generator for the treatment of larger-area vascular and pigmented skin lesions. IRIDEX Corporation sells its products to ophthalmologists specializing in retina, glaucoma, and pediatrics; dermatologists; plastic surgeons; research and teaching hospitals; government installations; surgical centers; and hospitals through direct sales force and distributors. The company was formerly known as IRIS Medical Instruments, Inc. and changed its name to IRIDEX Corporation in November 1995. IRIDEX Corporation was founded in 1989 and is headquartered in Mo untain View, California.
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