Container Store Group Inc. (NYSE:TCS) will release its financial results for the first quarter of fiscal 2014 after market close on Tuesday, July 8, 2014. The company will host a conference call at 4:30 p.m. Eastern Time to discuss the financial results.
Wall Street anticipates that the Specialty Retailer will lose $0.06 per share for the quarter. iStock expects TCS to top Wall Street's consensus number, the iEstimate is -$0.05. Container Store's consensus revenue estimate for Q1 is $ 174.21 million.
The Container Store Group, Inc. is engaged in the retailing of storage and organization products in the United States. It operates in two segments, TCS and Elfa. The company's retail stores provide various lifestyle products, including bath, box, closets, collections, containers, food storage, gift packaging, hooks, kitchen, office, shelving, storage, trash, and travel, as well as its Elfa products. As of March 1, 2014, it operated 63 stores with an average size of approximately 19,000 selling square feet in 22 states and the District of Columbia.
Top 10 Industrial Conglomerate Stocks For 2015: CNA Financial Corp (CNA)
CNA Financial Corporation (CNAF), incorporated in 1967, is an insurance holding company. The Company�� core business commercial property and casualty insurance operations operate in two segments: CNA Specialty and CNA Commercial. Its non-core businesses are managed in two business segments: Life & Group Non-Core and Corporate & Other Non-Core. The Company�� insurance products primarily include commercial property and casualty coverages, including surety. Its services include risk management, information services, and warranty and claims administration. Its products and services are marketed through independent agents, brokers and managing general underwriters to a wide variety of customers, including small, medium and large businesses, associations, professionals and other groups. CNA's property and casualty and remaining life and group insurance operations are primarily conducted by Continental Casualty Company (CCC), The Continental Insurance Company, Western Surety Company and Continental Assurance Company (CAC). On June 10, 2011, CNA completed the acquisition of CNA Surety Corporation. In July 2012, the Company acquired Hardy Underwriting Bermuda Ltd. On December 14, 2012, the Company sold SUR Insurance Agency, Inc. and The Bond Exchange to California Contractors Insurance Services.
CNA Specialty
CNA Specialty provides professional and management liability and other coverages through property and casualty products and services, both domestically and abroad, through a network of brokers, independent agencies and managing general underwriters. CNA Specialty provides solutions for managing the risks of its clients, including architects, lawyers, accountants, health care professionals, financial intermediaries and public and private companies. Product offerings also include surety and fidelity bonds and warranty services.
CNA Specialty includes four business groups: Professional & Management Liability, International, Surety, and Warranty and Alternative Risks! . Professional & Management Liability provides management and professional liability insurance and risk management services and other specialized property and casualty coverages in the United States. This group provides professional liability coverages to various professional firms, including architects, real estate agents, small and mid-sized accounting firms, law firms and technology firms. Professional & Management Liability also provides D&O, employment practices, fiduciary and fidelity coverages. Products within Professional & Management Liability are distributed through brokers, agents and managing general underwriters. Professional & Management Liability, through CNA HealthPro, also offers insurance products to serve the healthcare delivery system. Products include professional liability and associated standard property and casualty coverages, and are distributed on a national basis through brokers, agents and managing general underwriters. Customer segments include long term care facilities, allied health care providers, life sciences, dental professionals and mid-size and large health care facilities.
International provides similar management and professional liability insurance and other specialized property and casualty coverages in Canada and Europe. Surety consists primarily of CNA Surety Corporation (CNA Surety) and its insurance subsidiaries and offers small, medium and large contract and commercial surety bonds. CNA Surety provides surety and fidelity bonds in all 50 states through a combined network of independent agencies.
Warranty and Alternative Risks provides extended service contracts and related products that provide protection from the financial burden associated with mechanical breakdown and other related losses, primarily for vehicles and portable electronic communication devices. These products are distributed through and administered by a wholly owned subsidiary, CNA National Warranty Corporation, or through third party administrators.
! CNA Comme! rcial
CNA Commercial works with an independent agency distribution system and a network of brokers to market a range of property and casualty insurance products and services to small, middle-market and large businesses and organizations domestically and abroad. Products include standard and excess property coverages, as well as marine coverage, and boiler and machinery. Casualty products include standard casualty insurance products such as workers��compensation, general and product liability, commercial auto and umbrella coverages. It also offers pecialized loss-sensitive insurance programs to those customers viewed as higher risk and less predictable in exposure.
The Business insurance group serves smaller commercial accounts and the Commercial insurance group serves middle markets and larger risks. In addition, CNA Commercial provides total risk management services relating to claim and information services to the insurance marketplace, through a wholly owned subsidiary, CNA ClaimPlus, Inc., a third party administrator. The International insurance group primarily consists of the commercial product lines of its operations in Europe, Canada, as well as Hawaii.
CNA Select Risk (Select Risk) includes excess and surplus lines coverages. Risk provides specialized insurance for selected commercial risks on both an individual customer and program basis. Select Risk�� products are distributed throughout the United States through specialist producers, program agents and brokers.
Life & Group Non-Core
The Life & Group Non-Core segment includes the results of the life and group lines of business that are in run-off. It retains block of group reinsurance and life settlement contracts.
Corporate & Other Non-Core
Corporate & Other Non-Core primarily includes certain corporate expenses. This also includes interest on corporate debt, and the results of certain property and casualty business in run-off, including CNA Re and ! A&EP.
Advisors' Opinion:- [By Lauren Pollock var popups = dojo.query(".socialByline .popC"); popups.forEach]
Loews Corp.(L) and CNA Financial Corp.(CNA) each posted a decline in first-quarter profit related to the pending sale of an annuity and pension business. Loews, controlled by the Tisch family, owns 90% of CNA, which usually contributes nearly two-thirds of Loews’ top line.
- [By Ben Levisohn]
The overwhelming majority of Loews can be valued as the sum of its three largest subsidiary businesses that also have publicly trading stock: CNA Financial (CNA), Diamond Offshore (DO) and Boardwalk Pipeline�(BWP). The sum of these stakes is equivalent to 97.7% of the market capitalization of Loews. For almost ��ree,��imknvestors also get ownership of Boardwalk�� B shares and general partnership, a small national hotel chain, natural gas and oil E&P HighMount and the $4B in fungible assets on Loews�� corporate balance sheet…
Top 5 Financial Companies To Watch In Right Now: GSV Capital Corp (GSVC)
GSV Capital Corp. (GSV Capital), formerly NeXt Innovation Corp., is a development-stage company. The Company is an externally managed, non-diversified closed-end management investment company. The Company�� investment objective is to maximize capital appreciation. The Company will seek to achieve its investment objective by investing primarily in privately held high growth venture backed companies and select mid cap and large cap publicly traded companies.
The Company may also invest in select publicly-traded equity securities of companies that otherwise meet its investment criteria. It seeks to acquire its investments primarily through private secondary market transactions and, to a lesser extent, through transactions executed on public securities exchanges and direct investments in its portfolio companies. The Company�� investment activities will be managed by GSV Asset Management. GSV Capital Service Company will provide the administrative services.
Advisors' Opinion:- [By Hibah Yousuf]
Shares of GSV Capital (GSVC), a publicly traded fund that invests in "high growth" private companies, rallied almost 13% Friday. GSV said it holds 1.9 million shares of Twitter as of June 30. Twitter is the fund's biggest holding, at 15% of the total portfolio.
- [By Jon C. Ogg]
Chegg, Inc. (NYSE: CHGG) was the IPO disappointment of the week. Sure it has a lot of competition, but IPOs are supposed to be on fire now. Chegg managed to gain almost 3% on Friday to close at $9.13, but one must remember that the IPO price at $12.50 never saw the $12.50 open. The stock opened at $9.80 and closed at $8.88 on the first day, a move which will baffle IPO investors of growth companies who are buying an IPO at a time when major indexes are hitting new all-time highs. By the way, GSV Capital Corp. (NASDAQ: GSVC) was a runner-up�loser along with Chegg, as this fund owned shares of Twitter and Chegg pre-IPO. The stock price was above $16 before the Twitter IPO and is now down to $12.03 after another 8.8% drop on Friday. Bye-bye.
Top 5 Financial Companies To Watch In Right Now: India Fund Inc (IFN)
The India Fund, Inc. (the Fund), incorporated on December 27, 1993, is a non-diversified, closed-end management investment company. The Fund�� investment objective is long-term capital appreciation. It invests in Indian equity securities. At least 80% of the Fund�� total assets are invested in equity securities of Indian companies. Its portfolio includes common stocks, warrants and short-term investments. The India Fund, Inc. operates through a branch in the Republic of Mauritius.
The India Fund, Inc. invests in a range of industries, including computer software and programming, computer services, finance, diversified industries, building and construction, cement, chemicals, electronics and electrical equipment, extractive industries, engineering, diversified financial services, petroleum-related industries, pharmaceuticals, steel and telecommunications. Aberdeen Asset Management Asia Limited is the Fund�� investment manager.
Advisors' Opinion:- [By Jon C. Ogg]
The India Fund Inc. (NYSE: IFN) is a closed-end fund that trades often at severe discounts or premiums to the net asset value. Its gain is only 0.9% to $18.03, and the 52-week trading range of $16.88 to $24.10 implies that it has recovered only 7% off of its recent lows. It currently trades at a discount of 11% to its NAV according to CEFA.com.
- [By Jon C. Ogg]
The India Fund Inc. (NYSE: IFN) is down another 5% at $17.55 against a 52-week range of $17.53 to $24.10. CEFA.com shows that it trades at roughly a 9.4% discount to its net asset value.
- [By Jon C. Ogg]
WisdomTree�India Earnings Fund (NYSEMKT: EPI) is down yet another 2.7% at $13.05, and it hit a new low of $13.00 on Wednesday against a high of $20.50. The PowerShares India (NYSEMKT: PIN) is down another 2.5% at $13.54, and it hit a new low with its 52-week range now at $13.50 to $19.66. The India Fund Inc. (NYSE: IFN) is a closed-end fund rather than an exchange traded fund (ETF), and it is down almost 1.75% at $16.95, with its shares hitting a new multiyear low of 416.88, against a 52-week high of $24.10.
Top 5 Financial Companies To Watch In Right Now: Wilshire Bancorp Inc.(WIBC)
Wilshire Bancorp, Inc. operates as the holding company for Wilshire State Bank that offers a range of financial products and services. It accepts various deposit products that include certificates of deposit, regular savings accounts, money market accounts, checking and negotiable order of withdrawal accounts, installment savings accounts, and individual retirement accounts. The company?s loan portfolio comprises commercial real estate and home mortgage loans, commercial business lending and trade finance, and small business administration lending, as well as consumer loans, including personal loans, auto loans, and other loans. It also provides trade finance services that include issuance and negotiation of letters of credit, handling of documentary collections, advising and negotiation of commercial letters of credit, transfer and issuance of back-to-back letters of credit, and trade finance lines of credit. In addition, the company offers Internet banking services, auto matic teller machines, and armored carrier services. It has 24 full-service branch offices in Southern California, Texas, New Jersey, and the greater New York City metropolitan area; and 6 loan production offices in Colorado, Georgia, Texas, New Jersey, and Virginia. The company was founded in 1980 and is headquartered in Los Angeles, California.
Advisors' Opinion:- [By Rich Smith]
Los Angeles-based Wilshire Bancorp (NASDAQ: WIBC ) is acquiring some Korean banking customers... in New Jersey.
On Monday, Wilshire announced that it has signed a definitive agreement to acquire�New Jersey's BankAsiana, a commercial bank�with three branches serving the Korean-American community in the New York/New Jersey market, boasting total assets of $207.3 million, total net loans of $161.2 million, and total deposits of $164.6 million.
- [By Marc Bastow]
Los-Angeles, California-based bank holding company Wilshire Bancorp (WIBC) raised its quarterly dividend 67% to 5 cents per share, payable April 15 to shareholders of record as of March 31.
WIBC Dividend Yield: 1.77%
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