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Earning Reports

Total Companies: (64) Stock Center View

Symbol Price EPS
Est.
Reporting
Time
IIIN 0.13 06:30 am ET
DOV 1.01 07:00 am ET
ACU 0.11 09:00 am ET
ACTG 0.04 4:00 pm ET
AMD 0.00 After Mkt
AMNB 0.44 After Mkt
ASBC 0.25 After Mkt
ATHN 0.17 After Mkt
CBF 0.24 After Mkt
CHKE 0.07 After Mkt
CPHD -0.17 After Mkt
HUBG 0.36 After Mkt
INDB 0.56 After Mkt
ISBC 0.24 After Mkt
SCSS 0.32 After Mkt
WHG N/A After Mkt
ADS 2.72 Before Mkt
AMRB 0.09 Before Mkt
AN 0.73 Before Mkt
BAX 1.09 Before Mkt
BBT 0.70 Before Mkt
BHI 0.78 Before Mkt
BLK 4.14 Before Mkt
BX 0.55 Before Mkt
CMG 2.86 Before Mkt
COL 1.07 Before Mkt
CY 0.07 Before Mkt
DD 1.58 Before Mkt
DHR N/A Before Mkt
FCFS 0.66 Before Mkt
FCS 0.03 Before Mkt
FHN 0.15 Before Mkt
FITB 0.41 Before Mkt
GE 0.32 Before Mkt
GS 3.45 Before Mkt
HLSS 0.53 Before Mkt
HOMB 0.42 Before Mkt
HON 1.26 Before Mkt
KEY 0.24 Before Mkt
KNL 0.13 Before Mkt
MAT 0.09 Before Mkt
MS 0.60 Before Mkt
NPBC 0.17 Before Mkt
ORB 0.25 Before Mkt
PEP 0.75 Before Mkt
PM 1.16 Before Mkt
POOL 0.10 Before Mkt
PVTB 0.41 Before Mkt
RBCAA 0.67 Before Mkt
SASR 0.39 Before Mkt
SFNC 0.46 Before Mkt
SHW 1.11 Before Mkt
SLB 1.20 Before Mkt
SNA 1.54 Before Mkt
SON 0.51 Before Mkt
SYNT 1.25 Before Mkt
TZOO 0.36 Before Mkt
UNH 1.09 Before Mkt
UNP 2.37 Before Mkt
WBS 0.49 Before Mkt
WSO 0.47 Before Mkt
BLT 0.09 Unknown
NJR 2.72 Unknown
UBFO N/A Unknown

Most Active Preferred Stocks Highlights

Symbol Name Last Change Volume Premium/
Discount
Est.
Yield
PFG-PB Principal Financial Group, 6.518% Series B Non-cumul Perp Preferred Stock 25.52 -0.25 (-0.97%) 607,674 2.08% 6.39%
CWH-PD CommonWealth REIT, 6 1/2% Series D Cumul Convertible Preferred Shares 25.76 0.01 (0.04%) 579,104 0.92% 6.31%
CFC-PB Countrywide Capital V, 7.00% Capital Securities 25.51 -0.18 (-0.70%) 545,110 2.04% 6.86%
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Clipping The Wings of Shutterfly

Posted on 2011-10-05 by Daniel Ho

ShutterflyBy releasing only an iPhone 4S instead of an iPhone 5, Apple (NASDAQ: AAPL) had greatly disappointed investors, and its stock dropped more than 5% in the next few hours following its announcement. The buy program at the last hour helped saved everyone, including Apple, which only lost less than 1% when the market closed. Lost in the news was the carnage on Shutterfly (NASDAQ: SFLY), an online photo printing company, when Apple announced its Cards app, a built-in iphone app that allows iphone users to send a physical greeting card to someone from the iPhone for $2.99 in the US, and $5.99 internationally. This little piece of news caused Shutterfly to drop almost 20% before rebounding to lose only ~2% for the day.

Shutterfly is one of the most successful online photo printing company, which went public in 2006, and had grown riding the wave of digital photography, the mirror image of Kodak (NYSE: EK) ruined by the same trend. IPO'ed at $15/share, it continued to rise to $35/share in 2007, before it declined to a low of $6.25/share in 2009 at the height of the financial crisis. Since then, like the stock market, it started rising and traded as high as $63.47 in July this year. However, it started to decline from that point, and not long afterwards, it lowered Q3 guidance on Jul 27 and the stocks accelerated its decline. It rebounded in September but could not defy the market's fall, and closed at $40.31 before Apple tried to ruin its stock.

We are not sure how Apple's Cards app will affect Shutterfly, but we know that investors are certainly jumpy on their investments. Online printing, while a growing market, is quite competitive, with many players in it, such as Kodak Gallery, Costco (NASDAQ: COST), Snapfish, etc. Currently trading at a P/E of 75 and a forward P/E of 37, Shutterfly is clearly a growth stock, and it will need all the growth it needs to sustain its stock price. Meanwhile, management has been selling the stocks since it started recovering from the financial crisis.

Although the recent market swoon has taken down many sectors, consumer retail is one that had performed much better than the others. There is high expectation that US consumer spending will keep up, but that can change in a heartbeat if Europe's debt problem cause European banks to lock up, and proceed to spread to the US. With the company reporting earnings at the end of October, we believe another disappointment like last quarter combined with high nervousness of investors will simply devastate the stock. For those who go long on Shutterfly, it'd be much better to hedge downside through options. For those who are adventurous, we believe shorting the stock can potentially deliver handsome return.

Position: Short SFLY

This article originally appears on benzinga.com

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