NEW YORK, April 8, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding
Liquidity Services Inc. (NASDAQ: LQDT), Tyco International Ltd.
(NYSE: TYC), Urban Outfitters Inc. (NASDAQ: URBN), Broadcom
Corporation (NASDAQ: BRCM), and Hawaiian Electric Industries Inc.
(NYSE: HE). Private wealth members receive these notes ahead of
publication. To reserve complementary membership, limited openings
are available at: http://www.AnalystsReview.com/register
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Liquidity Services Inc. Analyst Notes
On April 3, 2014, Liquidity
Services Inc. (Liquidity Services) announced that it withdrew from
the live auction bidding for a contract with the U.S. Defense
Logistics Agency (DLA) to purchase, manage and sell non-rolling
stock surplus assets of the U.S. Department of Defense (DoD). The
announcement came a day after the Company informed that it emerged
as apparent high bidder for the contract with a bid equal to 4.35%
of the DoD's original acquisition value (OAV). Citing the reason
for withdrawal from the bidding, the Company stated that "Bidding
reached a level that Liquidity Services determined would be
economically unsustainable under the terms of the new contract,
jeopardizing the high level of service it has historically provided
the agency client." The stock tanked 11.98% following the
announcement on April 3, 2014, to
close at $18.36, taking the total
decline to 29.52% for last three trading sessions. Since the
contracting process is not complete yet, the Company refrained from
providing a revised future earnings guidance, but expects the price
for the non-rolling stock contract is expected to increase from
1.8% to 4.35% of OAV, resulting in significantly higher Cost of
Goods Sold in FY 2015 and beyond. The full analyst notes on
Liquidity Services Inc. are available to download free of charge
at:
http://www.AnalystsReview.com/04072014/LQDT/report.pdf
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Tyco International Ltd. Analyst Notes
On April 2, 2014, the stock of
Tyco International Ltd. (Tyco International) ended lower by 1.16%
at $42.44. After opening at
$42.90, the stock oscillated in the
range of $42.43 - $43.05. During the
session, a total of 4.06 million shares were traded. Over the past
one month, the stock has declined 1.35%, compared to the broad
market index NYSE composite which increased 2.78% during the same
time span. The full analyst notes on Tyco International Ltd. are
available to download free of charge at:
http://www.AnalystsReview.com/04072014/TYC/report.pdf
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Urban Outfitters Inc. Analyst Notes
On April 2, 2014, the stock of
Urban Outfitters Inc. (Urban Outfitters) gained 3.98% to end the
session at $38.11, after the Company
released its Q1 FY 2015 sales outlook in a document filed with the
U.S. Securities and Exchange Commission (SEC). The Company stated
that "thus far during the first quarter of fiscal 2015, comparable
Retail segment net sales are low single-digit negative." In its Q4
FY 2014 financial results, the Company had issued a cautious stance
about the performance in Q1 FY 2015, mainly due to challenges being
faced by its Urban Outfitters brand. Comparable Retail segment net
sales, which include comparable direct-to-consumer channel,
increased just 1% in Q4 FY 2014, weighed down by 9% decline in
Urban Outfitters. Also, the Company stated that during fiscal 2015,
it plans to construct and open approximately 35 to 40 new stores
and renovate certain existing stores. The full analyst notes on
Urban Outfitters Inc. are available to download free of charge
at:
http://www.AnalystsReview.com/04072014/URBN/report.pdf
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Broadcom Corporation Analyst Notes
On April 2, 2014, Broadcom
Corporation (Broadcom) announced that it has partnered with
Freescale Semiconductor to create Freescale's Qorivva MPC5606E --
the industry's first fully-integrated, packaged microcontroller
(MCU) and physical layer transceiver (PHY) solution for use in 360
degree camera systems. The Company stated that the move comes on
back of growing market size of Advanced Driver Assistance Systems
(ADAS), which is expected to reach US$261
billion by 2020, according to ABI Research, Inc. Fundamental
to the compact 8X8 size and performance advantages of the Qorivva
MPC5606E is the incorporation of Broadcom's BroadR-Reach®
automotive Ethernet PHY. Speaking on the collaboration, Dr.
Ali Abaye, Broadcom Senior Director
of Automotive said, "Our collaboration with Freescale will enable
the development of more optimized ADAS camera solutions and drive
the proliferation of advanced features in a broader range of
vehicles - beyond the luxury class." The full analyst notes on
Broadcom Corporation are available to download free of charge
at:
http://www.AnalystsReview.com/04072014/BRCM/report.pdf
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Hawaiian Electric Industries Inc. Analyst Notes
On April 2, 2014, Hawaiian
Electric Industries Inc. (Hawaiian Electric) issued a statement in
response to the research report which asserted about the potential
need for the Company to cut its dividend, and fueled substantial
selling in its stock. Hit by the assertions of the aforesaid
research report, the stock of the Company ended lower by 4.00% at
$24.23 amid significantly high
volumes of 7.22 million, which represented a jump of over
seven-fold from its 30-day daily average. The Company assured
market participants that the Board of Directors has not cut the
dividend, nor it is contemplated. The full analyst notes on
Hawaiian Electric Industries Inc. are available to download free of
charge at:
http://www.AnalystsReview.com/04072014/HE/report.pdf
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