Carlisle Companies Incorporated (CSL Quick QuoteCSL ) , on Sep 14, announced the pricing of $850 million worth of senior notes offering. The public offering of notes is expected to be complete on Sep 28 following the fulfilment of customary conditions.
Shares of the company decreased 1.1% in the last two trading days, ending the session at $197.06 yesterday.
Inside the Headlines
The notes offering comprise $300 million of 0.550% senior notes due Sep 1, 2023 and $550 million of 2.200% senior notes maturing on Mar 1, 2032. Interest on the two categories of notes will be paid semi-annually, each on Mar 1 and Sep 1. The first interest payment will be made on Mar 1, 2022.
The 2023 notes were offered at 99.945% of the principal amount while the 2032 notes were priced at 99.520% of the total principal. In both cases, the price of notes for the public will include any accrued interest.
The issuer has the option to redeem wholly or in parts the 2023 senior notes, prior to Sep 1, 2022 and the 2032 senior notes prior to Dec 1, 2031. The redemption price for both categories of the notes will be greater than 100% of the principal amount and the summation of present values of the principal and interest payments due.
The 2023 as well as 2032 notes can also be redeemed on or after Sep 1, 2022 and Dec 1, 2031, respectively. In both cases, the redemption amount will be the sum of 100% of the principal amount and interest (accrued and unpaid).
Carlisle plans to use the funds generated from the notes offering to pay for its debt under credit facility (related to the Henry Company buyout on Sep 1). Acquisition-related fees and expenses as well as general corporate purposes will also be funded through raised proceeds.
We believe that the offerings of senior notes will increase the company’s debt load and in turn, might inflate its financial obligations and hurt profitability. However, measures related to redeeming the notes will be a relief. Exiting second-quarter 2021, the company’s long-term debt was $2,081.6 million. Its interest expense (net) in the quarter was $19.2 million.
Best Value Stocks To Invest In 2023: Kura Oncology, Inc.(KURA)
We are a clinical stage biopharmaceutical company discovering and developing personalized therapeutics for the treatment of solid tumors and blood cancers. We focus on the development of small molecule product candidates that target cell signaling pathways that are important to driving the progression of certain cancers. We aim to employ molecular diagnostics to identify patients with cancers who are likely to benefit from our targeted product candidates.
Advancements in cancer genetics and new molecular diagnostic tools are helping define why some patients respond to a particular therapy while other patients receive little to no clinical benefit. This new era in cancer drug discovery and development offers the potential for innovative treatments that are safer and more effective for patients with particular cancers. Advisors’ Opinion:
- [By Motley Fool Transcribers]
Kura Oncology, Inc. (NASDAQ:KURA)Q4 2018 Earnings Conference CallMarch 05, 2019, 4:30 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Ethan Ryder]
BidaskClub lowered shares of Kura Oncology (NASDAQ:KURA) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.
- [By Shane Hupp]
Kura Oncology (NASDAQ:KURA) was the target of unusually large options trading on Thursday. Stock investors bought 699 put options on the company. This represents an increase of 694% compared to the typical daily volume of 88 put options.
Best Value Stocks To Invest In 2023: HTG Molecular Diagnostics, Inc.(HTGM)
We are a commercial stage company that develops and markets products based on a novel technology platform to facilitate the routine use of complex molecular profiling. Our HTG Edge and HTG EdgeSeq platforms automate sample processing and can quickly, robustly and simultaneously profile hundreds or thousands of molecular targets from samples a fraction of the size required by most current technologies. Our objective is to establish the HTG Edge and HTG EdgeSeq platforms as the standards in molecular profiling and make this capability accessible to all molecular labs from research to the clinic. Advisors’ Opinion:
- [By Joseph Griffin]
HTG Molecular Diagnostics (NASDAQ:HTGM) was downgraded by analysts at ValuEngine from a buy rating to a hold rating.
ICICI Bank (NYSE:IBN) was downgraded by analysts at ValuEngine from a hold rating to a sell rating.
- [By Stephan Byrd]
Get a free copy of the Zacks research report on HTG Molecular Diagnostics (HTGM)
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- [By Logan Wallace]
Quanterix (NASDAQ: QTRX) and HTG Molecular Diagnostics (NASDAQ:HTGM) are both small-cap medical companies, but which is the superior business? We will contrast the two companies based on the strength of their dividends, institutional ownership, valuation, profitability, analyst recommendations, earnings and risk.
- [By Logan Wallace]
HTG Molecular Diagnostics (NASDAQ: HTGM) is one of 24 public companies in the “Analytical instruments” industry, but how does it weigh in compared to its peers? We will compare HTG Molecular Diagnostics to similar businesses based on the strength of its institutional ownership, earnings, analyst recommendations, valuation, risk, profitability and dividends.
Best Value Stocks To Invest In 2023: MAM Software Group, Inc.(MAMS)
MAM Software Group, Inc., incorporated on April 17, 2003, is a technology holding company. The Company, through its subsidiaries, provides information management solutions and services, and cloud-based software solutions for the automotive aftermarket sector of the United States, Canada, the United Kingdom and Ireland. The Company’s customer base consists of wholesale parts and tire distributors, retailers, franchisees, cooperatives, auto service chains and single-location auto service businesses. In the United Kingdom and Ireland, the Company also provides management solutions to businesses involved in the wholesale of construction materials. The Company operates through two subsidiaries: MAM Software, Inc. (MAM US) and MAM Software Limited (MAM Ltd.). The Company provides professional informational technology (IT) services to its customers, including software and hardware installation, data conversion, training and product modifications. The Company’s solutions are available as both on-premise applications (sold through the traditional perpetual licensing model) and cloud solutions that are delivered as a service over the Internet on a subscription basis.
The Company’s products and services include business management systems, information products, online services, and customer support, consulting and training. The Company’s business management systems consist of its software applications, implementation and training, and third-party hardware and peripherals. The Company’s information products include an accessible catalog database related to parts, tires, labor estimates, scheduled maintenance, repair information, technical service bulletins, pricing and product features and benefits that are used by the different participants in the automotive aftermarket. The Company’s online services and products provide online connectivity between manufacturers, warehouse distributors, retailers and automotive service providers. These products enable electronic data interchange throughout the automotive aftermarket supply chain between the different trading partners. The Company’s customer support, consulting and training service provides phone and online support, implementation and training. The Company’s business management systems meet the needs of warehouse distributors, part stores and automotive service providers.
The Company’s Autopart product is developed in the United Kingdom that is sold and promoted both in the Unites States and in the United Kingdom. In the Unites States, Autopart is sold by MAM US and in the United Kingdom, it is sold by MAM Ltd. The Autopart product is designed for and targeted at warehouse distributors that seek to manage multiple locations and inventories on a single system for a regional area, and it is also suited for managing single-location franchisees or buying group members. The Autopart product provides point of sale, inventory management, an accounting module, a warehouse management module and a business intelligence reporting module. Autopart also allows the distributor to connect with their customers through its OpenWebs e-commerce solutions.
The Company’s VAST product is designed for and targeted at large- to medium-sized automotive service and tire chains that seek to manage multiple locations and inventories for a regional area. It is also suited for managing single-location stores that are part of a franchise or a buying group. VAST provides point-of-sale, inventory management, electronic purchasing and customer relationship management capabilities. VAST also allows the service provider to connect with parts and tires warehouse distributors and parts stores either through VAST’s online services and products or through other industry connectivity solutions. The Company’s Autowork Online is developed in the United Kingdom and is sold both in the Unites States and in the United Kingdom. In the Unites States, Autowork Online is sold by MAM Software, Inc. and in the United Kingdom, it is sold by MAM Software Limited. The Autowork Online product is designed for and targeted at small single-location automotive installers. The Autowork Online product provides estimate, job card, parts procurement and invoice capabilities. It also allows the automotive installer to connect with parts distributors to purchase components. Autowork Online is delivered as a service over the Internet, commonly known as software as a service (SaaS), allowing customers to purchase the solution on a monthly basis. The Company’s Trader product is designed for and targeted at generic wholesalers and distributors.
The Company provides product catalog and vehicle repair information required to enable point-of-sale transactions. The principal information service for both MAM Software, Inc. and MAM Software Limited is Autocat+, an auto parts catalog that uses the data-as-a-service (DaaS) distribution model. Autocat+ provides access to a database of automobile vehicle applications for the Unites States and in the United Kingdom markets that enables users to access information about parts. The Autocat+ service is centrally hosted and data is accessed by users through the Company’s business management software, a desktop application, or Web application. In addition, information products developed or resold by MAM Software, Inc. include Interchange Catalog, a database that provides cross references of original equipment manufacturer part numbers to aftermarket manufacturer part numbers; Price Updating, a service that provides electronic price updates; Labor Guide, a database used by automotive service providers to estimate labor hours for purposes of providing written estimates of repair costs to customers; Scheduled Service Intervals, a database of maintenance intervals, and Tire Sizing, a database that cross-references various tire products and applications.
Both MAM Software, Inc. and MAM Software Limited offer online e-commerce services in the form of business-to-business and business-to-consumer implementations. The Company’s online services include OpenWebs e-Commerce Gateway Services and OpenWebs e-Commerce Browser Services. In the United States and Canada, VAST’s e-commerce gateway services use automotive industry standard messaging specifications to deliver online services that connect the automotive aftermarket supply chain for the purpose of purchasing parts and tires, fleet and national account transaction processing, online product and price updating for parts and tires. In the United States and Canada, VAST’s e-commerce browser services enable warehouse distributors and parts stores to provide an online service to automotive service providers for the purpose of purchasing parts and tires, accessing account information and other browser-based channel management services.
In the United Kingdom, MAM Ltd.’s Autonet online services connect manufacturers, warehouse distributors, parts stores and automotive service providers for the purpose of purchasing parts and tires, fleet and national account transaction processing, and product information and price distribution. The Company also offers phone and online support service for its customers. Both MAM Software, Inc. and MAM Software Limited provide a customer-only support portal that provides customers direct access to tutorials, online documentation and information related to products and services. The Company offers training at both MAM Software, Inc.’s and MAM Software Limited’s facilities, as well as at the customers’ facilities and online for product updates.
MAM US has two divisions: VAST and Autopart. The VAST Division develops open business management systems and distribution channel e-commerce systems for the automotive aftermarket supply chain. The Autopart Division provides software solutions to the North American automotive aftermarket. The Autopart division focuses on jobbers and warehouse distributors, supplying a localized version of the Autopart software.
The Company’s MAM Ltd. is a provider of software to the automotive aftermarket in the United Kingdom and Ireland. MAM Ltd. specializes in providing business management solutions to the motor factor (also known as jobber), retailing and wholesale distribution sectors. MAM Ltd. also develops applications for vehicle repair management and provides solutions to the retail and wholesale tire industry.
The Company competes with Epicor Inc., WHI, Autologue, DST, Fuse 5, Maddenco, ASA, Tasco, RO Writer, AutoZone, Inc., Genuine Parts Company, Advance Auto Parts, CAM Systems, Tyreman, Team Systems, Kerridge, Chatsworth, EDP, Blue Rock, OGL and Ramtac.
Advisors’ Opinion:
- [By Stephan Byrd]
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- [By Stephan Byrd]
B. Riley reiterated their neutral rating on shares of MAM Software Group (NASDAQ:MAMS) in a research report sent to investors on Thursday morning.
- [By Logan Wallace]
News coverage about MAM Software Group (NASDAQ:MAMS) has trended somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. MAM Software Group earned a news impact score of 0.04 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 44.8819326255956 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
- [By Ethan Ryder]
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