Swing Stocks to Watch on October 6, 2009
Robbins & Myers, Inc., (RBN): Founded in 1878, based in Dayton, Ohio, Robbins & Myers, Inc., is a supplier of engineered equipment and systems for critical applications in global energy, industrial, chemical and pharmaceutical markets worldwide. The company operates in three segments, Fluid Management Group, Process Solutions Group, and Romaco Business Group. Fluid Management Group, designs, manufactures and markets equipment and systems used in oil and gas exploration and recovery, specialty chemical processes, wastewater treatment and a variety of other industrial applications. Process Solutions Group, designs, manufactures and services equipment and systems used primarily in the pharmaceutical, fine chemical and industrial markets, Romaco Business Group, designs, manufactures, and markets packaging equipment for the pharmaceutical and cosmetic markets.
On June 25, 2009, the company reported diluted net earnings of 31 cents per share, on sales of $143 million, for its fiscal third quarter ended may 31, 2009. The quarterly earnings were 24% better then markets expectations of 25 cents per share.
The company posted better than expected results in four of last four quarters by an average of 20.20%. Market is expecting a profit of 20 cents per share for the quarter ended August 2009, which is 68 cents less then the actual profit the company posted a year ago in the same quarter.
In its annual report for fiscal year 2008, the company said that it generated $90 million in cash from operating activities, a 38% year-over-year increase. The companies balance sheet is strong, it ended the year 2008 with total of $123 million in cash and $34 million of debt.
Robbins & Myers, will be releasing its fiscal fourth quarter and 2009 fiscal year results on October 5, 2009 after market close. RBN is in my SHORT sell list for short term trading.
Mosaic Company, (MOS): Founded in 2004, headquartered in Plymouth, Minnesota, Mosaic Company produces and markets concentrated phosphate and potash, two of the primary nutrients required to grow the food. The company engages in every phase of crop nutrition development, from the mining of resources to the production of crop nutrients, feed and industrial products for customers around the globe. The customer base for the company includes wholesalers, retailers, and individual growers in more than 40 countries.
Recently 3 analysts cut projections of their fiscal Q1 profit for Mosaic due to concerns about lower demand for fertilizer. MOS missed markets expectations in two of the last four quarters. Market is expecting 35 cents per share for the quarter ended August 2009, which is $2.30 less than its actual profit of $2.65 per share it posted a year ago in the same quarter.
The Mosaic Company is scheduled to release its first-fiscal-quarter earning which ended August 2009, on Monday October 5, 2009, after market close. MOS is in my SHORT sell watch list.
Pepsi Bottling Group, Inc., (PBG): Founded in 1999, headquartered in Somers, New York, Pepsi Bottling Group is a manufacturer, seller and distributor of Pepsi-Cola beverages. PBG generates nearly 14 billion in sales annually and operates in the United States, Canada, Greece, Mexico, Russia, Spain and Turkey, accounting for more than one-half of the Pepsi-Cola beverages sold in North America, and about 40 percent of the Pepsi-Cola system volume worldwide. The company has more than 30,000 customer representatives sells and delivers nearly 200 million eight-ounce servings of Pepsi-Cola beverages per day.
In the U.S. And Canada, most of the companies volume is sold in supermarkets, followed by the convenience and gas channel, and the balance of volume is sold in mass merchandising outlets, restaurants and other fountain accounts.
The company has produced better than expected earnings in four of last four quarters. Market is expecting a profit of $1.05 per share for the quarter ended September 2009, which is 1 cents below its actual profit it posted a year ago in the same quarter.
I am keeping PBG in my BUY watch list for short term trading. Pepsi Bottling is scheduled to release it earnings for the quarter ended September 2009 on Tuesday October 6, 2009 before market open.
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