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http://biondoroofing.com is a Highland Park area roof company that serves all of Central NJ in towns such as Strathmore, Allentown, Asbury Park, Atlantic Hig...
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Kettler Roofing Small Claims Pictures
This is part of a presentation that I used in small claims court that outlines problems I had with Kettler Roofing . The only silver lining in this cloud was...
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Kettler Roofing Small Claims Pictures - Video
DALLAS, Oct. 1, 2013 /PRNewswire/ --Roofing Supply Group, LLC ("RSG"), a national leader in the wholesale distribution of roofing supplies and related materials, announced today that it has opened a new location in Jacksonville, FL. This branch will service the Greater Northeast Florida area, including the communities of Jacksonville, St. Augustine, and Lake City, as well as the Southeastern portions of Georgia.
This location is the 19th branch in the Southeast Region under the direction of Tim Perryman, Regional Senior Vice President.
Perryman said, "We are very excited to continue our expansion efforts in the Southeast Region with the opening of our fourth location so far this year. One of RSG's top talents, Kevin Crawford, is our Branch Manager in Jacksonville and is he is building an exceptional team that shares his passion for the roofing industry and commitment to providing outstanding service and quality products to local roofing contractors, remodelers and homebuilders. We look forward to making noteworthy contributions to the economic growth of the community here in the greater Jacksonville area."
The opening of this latest branch in the Jacksonville area aligns strategically with RSG's overall expansion initiative which includes organic growth, opening of new locations and planned acquisitions.
About Roofing Supply GroupOwned by parent company Clayton, Dubilier & Rice, LLC, Roofing Supply Group, LLC ("RSG") is headquartered in Dallas, Texas, and is one of the largest wholesale distributors of roofing supplies and related materials in the United States. Through its network of 66 locations in 24 states nationwide, RSG provides one-step distribution services from roofing product manufacturers to roofing contractors and homebuilders. Each branch carries a complete line of roofing products for residential and commercial roofing, including composition asphalt shingles, underlayment and associated ancillary products. For more information regarding Greenfields & Acquisitions, please contact Jeff Clay at jclay@rsgroof.com | 214.956.5184 VP Strategic Planning & Corporate Development.
About Clayton, Dubilier & RiceFounded in 1978, Clayton, Dubilier & Rice is a private equity firm with an investment strategy predicated on producing financial returns through building stronger, more profitable businesses. The Firm's partners and advisors include a combination of skilled investment decision-makers and seasoned corporate leaders from major global enterprises. Since inception, CD&R has managed the investment of more than $18 billion in 56 businesses with an aggregate transaction value of approximately $90 billion. The Firm has offices in New York and London. For more information, please visit http://www.cdr-inc.com.
Chicago, IL October 2, 2013 Zacks Equity Research highlights Herbalife (HLF-Free Report) as the Bull of the Day and Beacon Roofing (BECN-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on the Astellas Pharma, Inc. (ALPMY-Free Report), Pfizer Inc. (PFE-Free Report) and Merck & Co, Inc. (MRK-Free Report).
Here is a synopsis of all five stocks:
Bull of the Day:
Herbalife (HLF-Free Report) the subject of a lot of controversy but it is also a Zacks Rank #1 (Strong Buy).
Herbalife has topped the Zacks Consensus Estimate in each of the last 28 quarters which is a pretty unique accomplishment.
The last two beats were $0.20 and $0.22 -- but put in better perspective when you look at the percentage surprise. The March 2013 quarter came in 18.7% ahead of expectations and the June 2013 quarter was 18.5% ahead of analysts estimates. Those are some pretty big beats.
Herbalife is a network marketing company that sells weight management, nutritional supplements, energy, sports and fitness, and personal care products worldwide. Herbalife offers its products through retail stores, sales representatives, sales officers, and independent service providers. The company was founded in 1980 and is based in Grand Cayman, the Cayman Islands.
In a mid-December 2011 conference, Bill Ackman disclosed that he is short approximately 20 million shares of Herbalife. The total short interest as of the end of December was approximately 37 million shares. Ackman asserts that the company is nothing short of a pyramid scheme and will end up at $0.00. To further substantiate this claim, Ackman needs the FTC to investigate the company and despite recent rumors and Freedom of Information Acts, there has been no such investigation. Bear of the Day: Beacon Roofing (BECN-Free Report) has seen estimates for 2013 and 2014 fall recently. A recent downgrade has pushed the Zacks Rank to the lowest level. BECN is a Zacks Rank #5 (Strong Sell). It is the Bear of the Day.
The stock fell a significant amount the other day due to a downgrade from Robert W. Baird. The investment firm lowered their rating on the stock to Neutral from Outperform and took their target down to $39 from $42 based on lower estimates. Lowered estimates are a key reason stocks become Zacks Rank #5 (Strong Sell).
Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials to contractors, home builders, building owners, and other resellers. As of August 9, 2013, it operated through a network of 231 branches in 38 states of the United States, and Canada. Beacon Roofing Supply, Inc. was founded in 1928 and is based in Peabody, Massachusetts.
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Herbalife, Beacon Roofing, Astellas Pharma, Pfizer and Merck & Co highlighted as Zacks Bull and Bear of the Day
Beacon Roofing (BECN) has seen estimates for 2013 and 2014 fall recently. A recent downgrade has pushed the Zacks Rank to the lowest level. BECN is a Zacks Rank #5 (Strong Sell). It is the Bear of the Day.
Recent Downgrade
The stock fell a significant amount the other day due to a downgrade from Robert W. Baird. The investment firm lowered their rating on the stock to Neutral from Outperform and took their target down to $39 from $42 based on lower estimates. Lowered estimates are a key reason stocks become Zacks Rank #5 (Strong Sell).
Company Description
Beacon Roofing Supply, Inc. distributes residential and non-residential roofing materials to contractors, home builders, building owners, and other resellers. As of August 9, 2013, it operated through a network of 231 branches in 38 states of the United States, and Canada. Beacon Roofing Supply, Inc. was founded in 1928 and is based in Peabody, Massachusetts.
Earnings History
BECN has hit a rough patch in what is a spotty-to-good earnings history. The last three reports have all come in under the Zacks Consensus Estimate, with the most recent miss being the biggest in quite a while. The company reported earnings of $0.55 vs. the $0.71 estimate, for a miss of $0.16 or 22% below expectations. On that earnings release the company also lowered guidance, further reducing expectations for the future.
Over the last 5 quarters, the topline has been challenged as well. While still posting year over year growth in the last two quarters, the company has not been able to beat the Zacks Consensus revenue estimate since the March 2012 quarter.
Earnings Estimates Slip
Estimates for BECN have been sliding of late. Starting in April, the 2013 Zacks Consensus Estimate was $1.87, but that soon fell to $1.80 the following month. Estimates dropped to $1.79 in July and are now at $1.55.
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Bear of the Day: Beacon Roofing (BECN)
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