Focus Articles

Focus Article: Quality Systems Inc. (QSII)

Quality Systems Inc. (QSII) $17.06 The Company: Quality Systems is an enterprise software company that provides healthcare information services for medical and dental group practices and hospitals throughout the United States. The company was formed in 1973 in Irvine, California as a dental software company. QSI purchased Clinitec in 1996 and Micromed in 1997 and combined the two to create NextGen Healthcare Information Systems. NextGen Healthcare Information Systems develops and ...

Read more

Focus Article: Yahoo! Inc. (YHOO)

Yahoo! Inc. (YHOO) $16.11 The Company: Founded by Jerry Yang and David Filo in January 1994, Yahoo! was once the most visited website in the world. The word “yahoo” is an acronym for “Yet Another Hierarchical Officious Oracle”, referring to the site’s aggregation and search roots. In an ironic twist of fate, Yahoo! tried to buy Excite for $5.5 billion to $6 billion in the late 90s, but Excite instead agreed to ...

Read more

Focus Article: ITT Corporation (ITT)

Portfolio Update Regarding GeoEye (GEOY): Earlier this week, satellite imaging company DigitalGlobe (DGI) made a bid for our portfolio holding company GeoEye (GEOY) for approximately $900 million. Under the terms of the agreement, shareholders of GEOY can choose to receive either $20.27 in cash, 1.425 shares of DigitalGlobe stock, or a combination of 1.137 shares of stock and $4.10 per share in cash. The aggregate consideration mix will reflect 1.137 ...

Read more

Focus Article: First Niagara Financial Group Inc. (FNFG)

First Niagara Financial Group Inc. (FNFG) $7.61 The Company: First Niagara Financial Group is a regional bank that is headquartered in Buffalo, New York and the holding company for First Niagara Bank. First Niagara was one of the few banks that managed to increase its dividend through the last housing led recession and managed to grow steadily through a series of acquisitions. In April 2010, First Niagara acquired Harleysville National Bank ...

Read more

Focus Article: Nokia Corporation (NOK)

Nokia Corporation (NOK) $1.80 The Company: Given the dearth of good candidates based on a review of insider data last week, I decided to do something different and write about a potential turnaround stock for this week’s weekly focus article. While discussing Nokia with my analyst last week, I remarked that it was incredible that Microsoft (MSFT) paid $8.5 billion to acquire Skype and Google (GOOG) paid $9.6 billion (enterprise ...

Read more

Focus Article: Basic Energy Services, Inc. (BAS)

Basic Energy Services, Inc. (BAS) $10.32 The Company: Founded in the Permian Basin in 1992, Basic Energy Services is a provider of well site services essential to maintaining production from the oil and gas wells within its operating area.  With over 5,700 employees, the company has more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas and the Rocky ...

Read more

Focus Article: Opko Health, Inc. (OPK)

Hardly a day goes by before I see an alert for yet another insider purchase at Opko Health (OPK) by its Chairman and CEO Dr. Phillip Frost. After months of reporting on these purchases, we decided to do a deep dive to understand the company and Dr. Frost’s motivations for buying the stock as best as possible. With less than a week to work on this article and the fact ...

Read more

Focus Article: Pioneer Drilling Co. (PDC)

Pioneer Drilling Co. (PDC) $7.49 The Company: Established in 1968 and headquartered in San Antonio, Texas, Pioneer Drilling Company provides land drilling services to oil and gas companies in the Unites States and Columbia. The company’s four primary business lines include drilling services, well services, wireline services and fishing and rental services. The company grew revenue by 47% to $716 million in 2011 and appears to be on track to ...

Read more

Focus Article: Masimo Corporation (MASI)

Masimo Corporation (MASI) $19.30 The Company: Started in one of the co-founder’s garage, Masimo Corporation is a medical technology company that was founded in 1989 by current Chairman and CEO Joe Kiani. The company develops, manufactures, and markets noninvasive patient monitoring products worldwide. Besides having a founder at the helm more than two decades after the company was started and a technology moat through nearly 600 patents, the company has ...

Read more

Focus Article: CVR Energy, Inc. (CVI)

CVR Energy, Inc. (CVI) $24.70 The Company: CVR Energy is an independent petroleum refiner headquartered in Sugar Land, Texas. The company was founded and built in August 1906, by the National Refining Company, the second largest oil company in the US at the time. CVR Energy is in essence three different but complementary businesses rolled into one. i) The refinery business operates independent refining assets in Coffeyville, Kansas and Wynnewood, Oklahoma with ...

Read more