Shares of Infinera (NASDAQ:INFN) closed 10.2% lower on Thursday. The maker of telecom-grade systems for optical networking is preparing to take on a substantial amount of new debt.
So whatAfter the closing bell on Wednesday, Infinera announced that it will sell $275 million of convertible senior notes, giving the underwriters an option to purchase another $41.3 million of notes if they so desire. The cash raised from this offering will largely be used to finance the recently announced $430 million buyout of fellow optical networking expert Coriant.
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Now whatInvestors have been aware of the Coriant deal since July 23, but the financing details behind that buyout were never terribly clear. On the deal announcement, Infinera simply said this it would cover some of the cash costs through a simple loan and was "exploring various longer-term financing options" to handle the rest.
Best Warren Buffett Stocks To Own For 2021: Fortune Brands Home & Security, Inc.(FBHS)
Fortune Brands Home & Security, Inc. provides home and security products for use in residential home repair, remodeling, new construction, and security applications. It operates in four segments: Cabinets, Plumbing, Doors, and Security. The Cabinets segment manufactures custom, semi-custom, and stock cabinetry, as well as vanities for the kitchen, bath, and other parts of the home under various brand names, including Aristokraft, Diamond, Kitchen Craft, Mid-Continent, Kitchen Classics, Schrock, Omega, Thomasville, Homecrest, Ultracraft, and StarMark. The Plumbing segment manufactures or assembles, and sells faucets, accessories, kitchen sinks, and waste disposals under the Moen and Waste King brand names in North America, China, Mexico, Southeast Asia, and South America. The Doors segment manufactures and sells fiberglass and steel residential entry door and patio door systems under the Therma-Tru brand name; and urethane millwork products under the Fypon brand name in the United States and Canada. The Security segment offers key-controlled and combination padlocks, bicycle and cable locks, built-in locker locks, door hardware, automotive, trailer and towing locks, electronic access control solutions, and other specialty safety and security devices under the Master Lock brand name; and fire resistant safes, security containers, and commercial cabinets in the United States, Canada, Europe, Central America, and Australia. The company sells its products through kitchen and bath dealers, wholesalers oriented toward builders or professional remodelers, industrial and locksmith distributors, do-it-yourself remodeling-oriented home centers, and other retail outlets. Fortune Brands Home & Security, Inc. was founded in 1988 and is headquartered in Deerfield, Illinois.
Get a free copy of the Zacks research report on Fortune Brands Home & Security (FBHS) For more information about research offerings from Zacks Investment Research, visit Zacks.com First Trust Advisors LP reduced its stake in Fortune Brands Home & Security Inc (NYSE:FBHS) by 61.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 102,051 shares of the industrial products company’s stock after selling 160,801 shares during the period. First Trust Advisors LP’s holdings in Fortune Brands Home & Security were worth $3,877,000 at the end of the most recent reporting period. Fortune Brands Home & Security Inc (NYSE:FBHS)Q4 2018 Earnings Conference CallJan. 31, 2019, 4:30 p.m. ET Operator Fortune Brands Home & Security Inc (NYSE:FBHS) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $51.23 and last traded at $51.25, with a volume of 49811 shares traded. The stock had previously closed at $52.50. Semtech Corporation, together with its subsidiaries, designs, produces, and markets analog and mixed-signal semiconductor products. The company?s product lines include protection products comprising filter and termination devices that provide protection for electronic systems from voltage spikes; power management products consisting of switching voltage regulators, combination switching and linear regulators, smart regulators, and charge pumps; and discrete semiconductor products, such as rectifiers, assemblies, and other products. It also offers wired communication, ultra-high speed Serializer/Deserializer, and modulator driver products that perform timing, synchronization, and amplification functions in high-speed networks; chips and transceivers for short reach, metro, and long haul applications; and high performance transceivers for datacenter applications. In addition, the company provides wireless and sensing products that perform radio frequency functions in indust rial, medical, and networking applications; and sensing functions in industrial and consumer applications. It serves original equipment manufacturers and their subcontractors in the computing, communications, consumer, and industrial end-markets directly, and through independent distributors and sales representative firms in North America, the Asia Pacific, and Europe. Semtech Corporation was founded in 1960 and is headquartered in Camarillo, California. 2. Public since 1967, Semtech Corp (Nasdaq: SMTC) designs, develops, manufactures, and markets analog and mixed-signal semiconductor products for high-end consumer, industrial, enterprise computing, and communications markets. This is a profitable and fast-growing company: this year, it's expected to make $1.93 per share in profits, and, going forward, it's likely to grow its revenues at a 5% pace and profits at a 12% annualized pace. Nine analysts rate it a "Buy" and "Outperform," and three analysts rate the stock a "Hold." Semtech Corp (NASDAQ:SMTC)Q4 2019 Earnings Conference CallMarch 13, 2019, 5:00 p.m. ET Operator Apollo Investment Corporation (Apollo Investment), incorporated on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company. The Company's investment objective is to generate current income and capital appreciation. The Company invests primarily in various forms of debt investments, including secured and unsecured debt, loan investments and/or equity in private middle-market companies. It may also invest in the securities of public companies and structured products, such as collateralized loan obligations (CLOs) and credit-linked notes (CLNs). The Company's portfolio consists primarily of investments in debt, including secured, and unsecured debt of private the United States-based middle-market companies that, in the case of senior secured loans, generally are not syndicated and whose aggregate tranche size is less than $250 million. Its portfolio also includes equity interests, such as common stock, preferred stock, warrants or options. It invests in middle-market, which include companies with annual revenues between $50 million and $2 billion. While its investment objective is to generate current income and capital appreciation through investments in United States secured and unsecured loans, other debt securities and equity, it may also invest a portion of the portfolio in other investment opportunities, including foreign securities and structured products. Apollo Investment Management, L.P. (AIM) is the Company's investment adviser, and an affiliate of Apollo Global Management, LLC (AGM). During the fiscal year ended March 31, 2015, the Company invested $2.2 billion across 60 new and 47 existing portfolio companies through a combination of primary and secondary debt investments. Investments sold or repaid during the fiscal year ended March 31, 2015 totaled $2.3 billion. The weighted average yields on its secured debt portfolio, unsecured debt portfolio and total debt portfolio as of March 31, 2015 at its current cost basis were 11.2%, 10.9% ! and 11.2%, respectively. At March 31, 2015, the Company's portfolio consisted of 105 portfolio companies and was invested 60% in secured debt, 14% in unsecured debt, 11% in structured products and other, 5% in preferred equity and 10% in common equity and warrants measured at fair value. At March 31, 2015, 48% or $1.3 billion of its income-bearing investment portfolio was fixed rate debt and 52% or $1.4 billion was floating rate debt, measured at fair value. On a cost basis, 50% or $1.4 billion of its income-bearing investment portfolio is fixed rate debt and 50% or $1.4 billion is floating rate debt. Apollo Investment seeks to create a portfolio that includes primarily debt investments including secured loans, unsecured and mezzanine loans and, to a lesser extent, equity investments by investing, on an individual portfolio company basis, approximately $20 million to $250 million of capital in the securities of the United States middle-market companies, as well as structured products, such as CLOs. The average investment size may vary as the size of its capital base varies. Its target portfolio consists primarily of long-term secured debt, as well as unsecured and mezzanine positions of private middle-market companies. The Company may also invest in debt and equity positions of structured products, such as CLOs and CLNs. The Company's principal focus is to provide capital to middle-market companies in a range of industries. The Company generally seeks to target companies that generate positive free cash flows or that may support debt investments with strong asset coverage, and it may provide debtor-in-possession or reserve financing. Additionally, it may acquire investments in the secondary market if it believes the risk-adjusted returns are attractive. As of March 31, 2015, the list of industries in which it invested include Aerospace and Defense; Containers, Packaging and Glass; Finance; Mining; Aviation; Distribution; Financial Services; Oil and Gas; Broadcasting and Enterta! inment; D! iversified Investment Vehicle; Grocery; Packaging; Buildings and Real Estate; Diversified Natural Resources, Precious Metals and Minerals; Healthcare; Printing and Publishing; Business Services; Diversified Service; Home and Office Furnishings and Durable Consumer Products; Restaurants; Cable Television; Education; Hotels, Motels, Inns and Gaming; Telecommunications; Cargo Transport; Electronics; Insurance; Transportation; Chemicals; Energy; Leisure; Utilities; Consumer Products; Environmental Services and Media. Advanced Internet Blocks (CURRENCY:AIB) traded 44.5% lower against the US dollar during the one day period ending at 23:00 PM ET on September 16th. Advanced Internet Blocks has a market cap of $384,953.00 and $8.00 worth of Advanced Internet Blocks was traded on exchanges in the last day. One Advanced Internet Blocks coin can currently be purchased for approximately $0.0119 or 0.00000183 BTC on popular cryptocurrency exchanges. Over the last seven days, Advanced Internet Blocks has traded up 46% against the US dollar. Advanced Internet Blocks (CURRENCY:AIB) traded down 1.1% against the U.S. dollar during the 1 day period ending at 17:00 PM Eastern on September 12th. Advanced Internet Blocks has a total market capitalization of $598,968.00 and $10.00 worth of Advanced Internet Blocks was traded on exchanges in the last 24 hours. Over the last week, Advanced Internet Blocks has traded 3.1% lower against the U.S. dollar. One Advanced Internet Blocks coin can now be purchased for $0.0186 or 0.00000294 BTC on cryptocurrency exchanges. Advanced Internet Blocks (CURRENCY:AIB) traded down 16.6% against the US dollar during the one day period ending at 11:00 AM Eastern on September 4th. One Advanced Internet Blocks coin can now be purchased for approximately $0.0044 or 0.00000060 BTC on popular exchanges including Trade Satoshi and YoBit. In the last week, Advanced Internet Blocks has traded down 36.3% against the US dollar. Advanced Internet Blocks has a market cap of $141,499.00 and $4.00 worth of Advanced Internet Blocks was traded on exchanges in the last day. Radiant Logistics, Inc., incorporated on April 29, 2005, is a third party logistics company. The Company provides multi-modal transportation and logistics services primarily in the United States and Canada. The Company operates in two geographic operating segments: U.S. and Canada. The Company services an account base consisting of consumer goods, food and beverage, manufacturing and retail customers through a multibrand network consisting of approximately 31 Company owned offices and 128 locations operated by its independent agents, as well as an integrated international service partner network located in other markets around the globe. The Company's transportation services for both the U.S. and Canada segments are placed into the categories of freight forwarding and freight brokerage services. The Company, through its operating locations across North America, offers domestic and international air and ocean freight forwarding services, and freight brokerage services, including truckload services, less than truckload services, and intermodal services. The Company has approximately 10,000 asset-based transportation companies, including motor carriers, railroads, airlines and ocean lines in its carrier network. The Company's primary business operations involve arranging the shipment, on behalf of its customers, of materials, products, equipment and other goods that are generally larger than shipments handled by integrated carriers of primarily small parcels, such as FedEx, DHL and united parcel service (UPS), including arranging and monitoring all aspects of material flow activity utilizing advanced information technology systems. The Company also provides other value-added logistics services, including customs brokerage, order fulfillment, inventory management, and warehousing and distribution services. The Company provides around the world supply chain services, which include international air and ocean services. The Company provides multi-modal transportation and logistics s! olutions through its Radiant, Wheels Airgroup, Adcom, DBA, Service By Air and On Time brands. Freight Forwarding The Company operates as a non-asset based carrier providing domestic and international air and ocean freight forwarding services. The Company's freight forwarding operations involve obtaining shipment or material orders from customers, creating and delivering a range of logistics solutions to meet customers' specific requirements for transportation and related services, and arranging and monitoring all aspects of material flow activity utilizing advanced information technology systems. The Company arranges for transportation of its customers' shipments through trucking companies, commercial airlines, air cargo carriers, ocean carriers and other asset and non-asset based third-party providers. The Company selects the carrier for a shipment based on route, time, available cargo capacity and cost. Freight Brokerage The Company also provides bi-modal brokerage capabilities providing truckload (TL), less-than-truckload (LTL) and intermodal services throughout the United States and Canada. The Company has a sales presence in approximately 25 markets across North America, which is managed through its centralized service centers in Chicago, Illinois and Toronto, Ontario. The Company offers temperature-controlled, dry van, intermodal drayage, and flatbed services and specializes in the transport of food and beverage, consumer packaged goods and frozen food and refrigerated products. Radiant Logistics Inc (NYSEMKT:RLGT)Q2 2019 Earnings Conference CallFeb. 11, 2019, 4:30 p.m. ET Operator Loop Capital began coverage on shares of RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) in a research report sent to investors on Monday, The Fly reports. The firm issued a buy rating on the stock. RADIANT LOGISTI/SH SH (NYSEAMERICAN:RLGT) saw a significant drop in short interest in the month of August. As of August 31st, there was short interest totalling 580,970 shares, a drop of 4.7% from the August 15th total of 609,874 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average trading volume of 102,000 shares, the days-to-cover ratio is presently 5.7 days. Alliance Data Systems Corporation, incorporated on February 23, 1995, is a provider of data-driven marketing and loyalty solutions serving consumer-based businesses in a range of industries. The Company offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs. The Company operates through three segments: LoyaltyOne, which provides coalition and short-term loyalty programs through the Company's Canadian AIR MILES Reward Program and BrandLoyalty; Epsilon, which provides end-to-end, integrated marketing solutions, and Card Services, which provides risk management solutions, account origination, funding, transaction processing, customer care, collections and marketing services for the Company's private label and co-brand retail credit card programs. Its client base is diversified across a range of end-markets, including financial services, specialty retail, grocery and drugstore chains, petroleum retail, automotive, hospitality and travel, telecommunications, insurance and healthcare. LoyaltyOne The Company's LoyaltyOne clients are focused on acquiring and retaining customers. The Company uses the information gathered through its loyalty programs to help its clients design and implement marketing programs. Its clients within the LoyaltyOne segment include financial services providers, grocers, drug stores, petroleum retailers and specialty retailers. LoyaltyOne operates the AIR MILES Reward Program and BrandLoyalty. The AIR MILES Reward Program enables consumers, referred to as collectors, to earn AIR MILES reward miles as they shop across a range of retailers and other sponsors participating in the AIR MILES Reward Program. These AIR MILES reward miles can be redeemed by its collectors for travel or other rewards. Through its AIR MILES Cash program option, co! llectors can also redeem their AIR MILES reward miles collected in the AIR MILES Cash program option toward in-store purchases at participating sponsors. The three primary parties involved in the Company's AIR MILES Reward Program are sponsors, collectors and suppliers. The AIR MILES Reward Program is a full service outsourced loyalty program for its sponsors. Collectors earn AIR MILES reward miles at various retail and service locations, including any online presence the sponsor may have. Collectors can also earn AIR MILES reward miles at various locations where collectors can use certain credit cards issued by Bank of Montreal and Amex Bank of Canada. The Company enters into agreements with airlines, manufacturers of consumer electronics and other providers to supply rewards for the AIR MILES Reward Program. BrandLoyalty designs, organizes, implements and evaluates tailor-made loyalty programs for grocers across the world. Epsilon Epsilon is a marketing services firm providing end-to-end, integrated marketing solutions. Its services include strategic consulting, customer database technologies, omnichannel marketing, loyalty management, proprietary data, predictive modeling, permission-based e-mail marketing, personalized digital marketing and a range of direct and digital agency services. On behalf of its clients, the Company develops marketing programs for individual consumers with targeted offers and personalized communications. It distributes marketing campaigns and communications through all marketing channels based on the consumer's preference, including direct mail and digital platforms, such as e-mail, mobile, display and social media. Epsilon has over 1,300 clients, operating primarily in the financial services, insurance, media and entertainment, automotive, consumer packaged goods, retail, travel and hospitality, pharmaceutical/healthcare and telecommunications industries. For consumer-facing brands, the Company designs, builds and operates! complex ! consumer marketing databases, including loyalty program management, such as Hilton HHonors, Walgreens Balance Rewards and the Citi Thank You programs. The Company provides behavior-based, demographic and attitudinal customer segmentation, purchase analysis, Web analytics, marketing mix modeling, program optimization, predictive modeling, and program measurement and analysis. Card Services The Company's Card Services segment assists various retailers in extending their brand with a private label and/or co-brand credit card account that can be used by their customers in the store, or through online or catalog purchases. Its Card Services segment provides risk management solutions, account origination and funding services for over 160 private label and co-brand credit card programs. It processes millions of credit card applications each year using automated scoring technology and verification procedures to make risk-based origination decisions when approving new credit card accountholders and establishing their credit limits. The Company's accountholder base consists primarily of middle- to upper-income individuals, in particular women using its credit cards primarily as brand affinity tools. It uses a securitization program as its primary funding vehicle for its credit card receivables. The Company performs processing services, and provides service and maintenance for private label and co-brand credit card programs. The Company uses automated technology for bill preparation, printing and mailing, and also offers consumers the ability to view, print and pay their bills online. It also provides collection activities on delinquent accounts to support its private label and co-brand credit card programs. Its private label and co-branded credit card programs are designed specifically for retailers and have the flexibility to be customized to accommodate its clients' specific needs. Through its integrated marketing services, the Company designs and implements strategies tha! t assist ! its clients in acquiring, retaining and managing repeat customers. It uses multi-channel marketing communication tools, including in-store, Web, permission-based e-mail, mobile messaging and direct mail to reach its clients' customers. Shares of Alliance Data Systems (NYSE:ADS) have plunged today, down by 12% as of 11:30 a.m. EST, after the company reported fourth-quarter earnings results. While the marketing and customer loyalty specialist beat on the bottom line, it missed on the top line. Alliance Data Systems Co. (NYSE:ADS) has been assigned an average recommendation of “Buy” from the twenty-three analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $266.73. Bank of America assumed coverage on shares of Alliance Data Systems (NYSE:ADS) in a report released on Monday, The Fly reports. The brokerage set a “buy” rating and a $290.00 price target on the business services provider’s stock. Bank of America’s price target would suggest a potential upside of 20.09% from the stock’s current price.Best Warren Buffett Stocks To Own For 2021: Semtech Corporation(SMTC)
Best Warren Buffett Stocks To Own For 2021: Apollo Investment Corporation(AIB)
Best Warren Buffett Stocks To Own For 2021: Radiant Logistics, Inc.(RLGT)
Best Warren Buffett Stocks To Own For 2021: Alliance Data Systems Corporation(ADS)
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