Similar to my recent post on Apple (AAPL), I have to wonder if Ctrip (CTRP) is worth selling. The stock hit a new 52-week high yesterday, and appears to be selling at quite a premium. The stock trades at over 62x trailing twelve-month earnings. This looks rich even for a company that continues to grow at over a 25% year-over-year rate. (more…)
Dividend Growth Investor has a nice summary of ADP with four graphs summarizing historical earnings per share, returns on equity, dividend growth, and dividend payout ratios. (more…)
Last week at my CAPS blog, I noted that Oyo Geospace is showing some early signs of recovery:
Earlier this week, OYO Geospace (NASD: OYOG) reported that they have recently received several orders for seismic equipment totaling more than $18 million. These orders span a variety of seismic products including geophone and hydrophone sensors, cables, GSR units, and borehole products. The company also recently announced an order for one of the GSR systems, their new wireless data acquisition system. The company notes that their backlog has increased substantially in recent weeks, with the majority of the orders to be delivered during the fourth quarter of 2009.
It looks like the economy finally caught up with Middleby (NASD: MIDD) in the second quarter. After their first quarter, it looked as if they could defy the gravity of the economy. In the second quarter, however, sales declined 8.6% and earnings fell from $0.99 per share a year ago to $0.74 per share in the current quarter. This sounds bad, but the sales numbers are actually worse. (more…)
About a month ago, Dawson Geophysical (NASD: DWSN) announced their third quarter earnings. The company lost $1.6 million on operating revenues of $52 million. Dawson has been indirectly impacted by the falling price of natural gas as its customers have cut back on new data gathering. (more…)
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