Poetic Portfolios

Jupitermedia (NASD: JUPM) just reported their full year and fiscal fourth quarter 2007 results. The company reported a slight revenue increase in 2007, but earnings per share came in at a negative $2.13 per share. This earnings number is discouraging and a bit misleading. Excluding their one-time charges and non-cash items, their earnings for the year would have been $0.06 per share. (more…)

It’s official. Bear Stearns is being bought out by JP Morgan for $2 per share, or $236 million. The stock traded as high as $159 per share with a market capitalization of over $21 billion as recently as last spring. Their last quarterly earnings release indicated that the company had total shareholder equity of $11.8 billion. (more…)

As I mentioned in a previous article, Middleby reported impressive fourth quarter results. Earnings per share increased 32.8% to $0.89 in the fourth quarter of 2007 as compared to $0.67 in the fourth quarter of 2006. For the full year, earnings per share increased 21.0% to $3.11 in 2007 from $2.57 in 2006. Net sales rose 48.1% in the 2007 fourth quarter and 24.1% for the full year. The net sales increase reflects the impact of several acquisitions that were made during the year. Excluding the impact of acquisitions, sales organically grew 11.9% in the 2007 fourth quarter and 5.7% for the full year. (more…)