It’s Time to Read The “Vista Partners Weekly Market Update 9-22-18?”…Stay Informed! Stay Competitive!

Vista Partners has published “Vista Partners Weekly Market Update 9-22-18!”  Each weekly issue is written by Vista Partners’ Managing Director, John Heerdink & includes updates on the stock market, a “Smallcap Stocks To Watch” section, & featured stories & videos from Vista’s Coverage Universe.  Vista Covers all Dow 30 components, International Companies, Select Emerging Growth Companies & more.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Chevron & Others Demand Hearing with FERC on Colonial Rates

U.S. regulators have been begged to expedite a hearing on the fee structure of Colonial Pipeline Co, the largest fuel pipeline in the United States. The complaint was filed by Chevron Corp, Valero Energy Corp, and Delta Air Lines Inc, claiming that the fee structure of Colonial costs them millions of dollars. The complaint also cites that Colonial has overcharged the companies by over $60 million combined over a two-year period, and accuses Colonial of likely monopolizing the fuel delivery into the New York region.

The three companies have stated that the lack of a scheduled hearing by the U.S. Federal Energy Regulatory Commission (FERC) is currently costing them almost $4.95 million a month. The complaint has been pending with FERC for nine months.

Colonial, which has over 5,500 miles of pipeline system that connects the Gulf Coast refineries to markets in the southern and eastern U.S., says that the complaint has no merit and that the data the companies used has been manipulated to strengthen their argument.

Tamara Young-Allen, the FERCA spokeswoman, declined to comment on the filed complaint, stating that it is policy to make no comment on a pending Commission decision.

More information on the filed complaint can be found here.

To learn more about Chevron (CVX) and to track their progress please visit the Vista Partners Chevron Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Dow 30 Component Boeing Hires Retirees in Effort to Catch 737 Production Lags In Seattle

Dow 30 component Boeing (NYSE: BA)  is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems.  A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.

In an effort to fix delays at its 737 jetliner plant outside of Seattle, Washington, the Boeing Co is bringing in retired workers. The hiccup was caused by a shortage of engines and fuselages as the company sped up production to record levels this past June. This snag could hurt third-quarter results and threaten Boeing’s goal to increase its build rates in the 2019 year.

Aircrafts with single-aisles like the popular 737 are the moneymakers for the two largest aircraft manufacturers in the world.

Boeing began the temporary hiring of the retire mechanics and inspectors after the company reached an agreement with the International Association of Machinists and Aerospace Workers on August 15. Last fall, Boeing formed another similar agreement with the union after a round of voluntary layoffs.

The company has already sent nearly 600 employees and new hires to the Washington location in the past few weeks to assist with fixing the delays. Boeing has not stated how many retired workers they intend to hire.

Paul Bergman, Boeing spokesman stated, “We are working closely with our suppliers Spirit and CFM as they track toward recovery, as well as our customers. Our team has been mitigating supplier delays, and our factory continues to build 52 airplanes per month.”

To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Boeing calling back retirees to fix 737 production snags

Boeing Co is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday. The snarl at its plant in Renton, Washington, triggered by shortages of engines and fuselages as Boeing..

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Verizon Declares a Dividend Hike

Verizon Communications, Inc. (VZ) is a worldwide leader in delivering communications and technology solutions that improve the lives of its customers.

Verizon has announced that its quarterly dividend will increase to 60.25 cents a share, a 2.1% increase. This will be the 12th straight year that Verizon has hiked its dividend. One year ago, Verizon’s board declared a quarterly dividend disbursement of 59 cents per share, which was an increase of 2.2% from the previous amount.

The wireless provider boasts a stock with an attractive yield of 4.3% and has returned 21.4% over the past year. Last year, the company paid out almost two-thirds of its earnings in the form of dividends -$2.34 per share against earnings of $3.74.

Despite significant capital expenditures, Verizon’s strong cash flow has managed to support the dividend. The second-quarter operating cash flow was up $1.9 billion year over year with a total of $9.8 billion.

The quarterly dividend will be payable November 1, 2018, to the shareholders of record on October 10, 2018, at the close of business.

To learn more about Verizon Communications, Inc. (VZ) and to track its progress please visit the Vista Partners Verizon Communications Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Verizon Announces Another Dividend Hike

It marks the 12 consecutive year in which the large wireless operator has hiked its dividend…

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Coca-Cola Enters the Coffee Market with Purchase of Costa

Dow 30 Component, The Coca-Cola Company (KO), is the largest total beverage company in the world. It offers 500 plus brands in over 200 countries and is committed to reducing sugar in its drinks and providing new and diverse drinks to people everywhere.

The Coca-Cola Co. recently announced its decision to purchase Costa the coffee chain for $5.1 billion in an effort to extend its push into healthier markets and to compete with companies like Starbucks and Nestle, in the global coffee market.

The purchase of the coffee chain’s nearly 4,000 outlets once again puts Coca-Cola squarely into the spotlight of a seemingly lethargic packaged food and drinks sector.

The beverage company purchased Costa for nearly $1.3 billion more than experts had predicted. Along with entrance into the coffee shop market, the acquirement of Costa can provide Coca-Cola with an important growth platform that could allow them to range in the markets of beans to bottled drinks with predicted growth by about 6 percent each year.

While Coke does sell some coffee like the Georgia brand in Japan, it lacks a strong global offering.

James Quincey, Coca-Cola CEO stated, “Coffee is one of the strongest growing categories in the world, and Coca-Cola needs to expand into coffee and hot drinks.”

The retail chain will be a new challenge for the 132-year-old Coca-Cola, which mostly sells its soft drink concentrates to a network of franchised bottlers. In bringing the Briton based Costa to the U.S., it will most certainly affect coffee-retailers such as Starbucks and McDonald’s. If Coca-Cola decides to expand into the canned or bottled Costa coffee, then it could upset Starbuck’s and PepsiCo’s dominant joint venture.

To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Morning Brief: Coca-Cola buys coffee chain Costa for $5.1 billion

Top news and what to watch in the markets on Friday, August 31, 2018…

finance.yahoo.com

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The Home Depot to Participate in Goldman Sachs Conference in September

Dow 30 component, The Home Depot, Inc. (HD), is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

Craig Menear, the chairman, CEO, and president, along with Carol Tome, the executive vice president, Corporate Services and CFO of Home Depot will both present at the Goldman Sachs 25th Annual Global Retailing Conference in New York, NY. Menear and Tome’s presentation will begin at noon eastern time on Wednesday, September 5, 2018.

There will be a live webcast of the presentation available at http://ir.homedepot.com/events-and-presentations. The link will be displayed under “Events and Presentations.” An archived version of the webcast will be available in the same location an hour after the ending of the live presentation.

More information on the conference and The Home Depot can be found at http://ir.homedepot.com/news-releases/2018/08-23-2018-130121500.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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PepsiCo Mixes Up In Coca-Cola Healthy Beverage Marketplace Fight…Seeks to Purchase SodaStream

In the battle with Coca-Cola (KO) for an edge in the market for health-conscious beverages, PepsiCo plans to buy SodaStream, a carbonated drink-machine maker, for $3.2 billion.

SodaStream, a popular device in British kitchens during the 1970s and 80s, let consumers make fizzy drinks by adding different flavored syrups to carbonated tap water. The now Israel-based company has reinvented itself with a younger and more health/environmentally conscious consumer generation. The company offers fizzy water for those consumers who want to drink less soda and reduce the use of plastic bottles.

The deal was announced August 20th and could be PepsiCo CEO Indra Nooyi’s last, as he will hand the position over to Ramon Laguarta later this year.

The company says SodaStream will complement in water business that includes the well-known Aquafina, as well as smaller brands like Bubly and Lifewtr. SodaStream is attractive to PepsiCo because its popularity is seeing fast growth and also allows people to customize their own drinks. SodaStream saw an improved performance when it shifted its strategy towards putting more emphasis on sparkling water rather than soda.

SodaStream saw its shares jump 85% this year and 78% in 2017. Its revenue grew 31% and net profit rose almost 82%.

The transaction between PepsiCo and SodaStream is expected to close by January 2019.

To learn more about The Coca-Cola Company (KO) and to continue to track its progress please visit the Vista Partners Coca-Cola Company Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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PepsiCo puts fizz into healthy drinks with $3.2 bln SodaStream deal

JERUSALEM/LONDON, Aug 20 (Reuters) – PepsiCo will buy carbonated drink-machine maker SodaStream for $3.2 billion as it battles Coca-Cola for an edge in the health-conscious beverage market. Founded in Britain in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing..

finance.yahoo.com

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Leading Cloud Services Provider Fusion’s Financial Results for Three & Six Months Ended June 30, 2018

Fusion (NasdaqGM: FSNN), a leading cloud services provider, recently announced financial results for the three and six months ended June 30, 201.  Note that on May 4, 2018, Fusion completed its acquisition of the Cloud and Business Services business of Birch Communications Holdings, Inc. (“Birch”). Due to the nature and structure of that transaction, Birch is considered acquirer of Fusion under generally accepted accounting standards. Accordingly, the financial statements (other than equity) they presented are those of Birch for the current and prior periods with the current period giving effect to the acquisition of Fusion as of May 4, 2018, and MegaPath Holding Corporation, Inc. (“MegaPath”) as of June 15, 2018.

Here are the Q2 2018 Highlights presented:

  • Revenue was $120.8 million, compared to $102.9 million in Q1 2018 and $116.7 million in Q2 2017
  • Gross margin was 45.2%, compared to 46.4% in Q1 2018 and 46.0% in Q2 2017
  • Net loss attributable to common stockholders was $34.5 million, or $0.59 per share, compared to a net loss of $4.0 million, or $0.33 per share in
  • Q1 2018 and a net loss of $4.7 million, or $0.19 per share in Q2 2017
  • Excluding the retirement of debt obligations, non-GAAP net loss attributable to common stockholders was $20.1 million, or $0.34 per share
  • Adjusted EBITDA (a non-GAAP measure) was $26.6 million, or 22.0% revenue, compared to $26.7 million in Q1 2018 and $28.1 million in Q2 2017
  • Unlevered Free Cash Flow (a non-GAAP measure), defined as Adjusted EBITDA less capital expenditures, was $18.6 million, or 15.4% of revenue, compared to $19.3 million in Q1 2018 and $18.2 million in Q2 2017
  • Acquisition integration proceeding ahead of schedule in key areas including: Service Delivery; Network & Engineering; Sales, Marketing and Product; HR and Administration; and Finance and Accounting
  • Achieved integration-related cost synergies with an annualized run-rate of approximately $14 million exiting Q2 2018, representing 40% of the $35 million of targeted acquisition-related synergies within 12 months following the closings
  • Average monthly revenue per customer (ARPU) was $309, compared to $203 in Q1 2018
  • Churn was at the mid-1% level, compared to more than 2% in Q2 2017

Matthew Rosen, Fusion’s Chairman & CEO stated, “Fusion delivered solid second quarter financial results, demonstrating the progress we have made in stabilizing the Birch business, as we have indicated we would. Our integration of Birch and MegaPath is running ahead of schedule, having made significant progress toward several major milestones in terms of real estate consolidation, network interconnection, sales and marketing, and financial operations. As a result, less than 60 days after closing Birch, we had already achieved nearly 40% of our original 12-month cost synergy target of approximately $35 million for the acquisitions, which we now expect to exceed as we continue to find incremental savings opportunities since the acquisitions closed. With integration well underway, we are focusing on driving Fusion’s growth by increasing our emphasis on our Product, Sales & Marketing organization, including the addition of Dan Foster as our Chief Revenue Officer and key hires in our Partner sales channel group. We anticipate that these efforts will further strengthen our bookings and churn performance, where we have already seen good progress, and lead to top-line expansion. We are also leveraging our intellectual property to accelerate our product and solution innovation, based on our proprietary software for Unified Communications, contact center, secure team messaging, and collaboration. We believe these measures, along with Fusion’s greatly-enhanced scale, bode well for our future growth trends,” Mr. Rosen concluded.

Here are the Q2 2018 Financial Results presented:

  • Revenue in Q2 2018 was $120.8 million, compared to $116.7 million in Q2 2017. The increase was primarily due to $17.7 million of revenue from pre-merger Fusion and $1.6 million of revenue from MegaPath, partially offset by churn impact.
  • Gross margin was 45.2% for the three months ended June 30, 2018, compared to 46.0% for the same period in 2017. The decrease is primarily due to the fixed cost network becoming a higher percentage of the cost of revenue primarily due to the spinoff of the former Birch consumer business on May 4, 2018. Management expects these costs to decline as it aligns its fixed network costs with its business.
  • Selling, General, and Administrative expense were $43.0 million, compared to $29.0 million in Q2 2017. The increase was primarily due to $8.9 million of acquisition transaction costs, $0.9 million in restructuring costs, $5.7 million of expenses attributable to Fusion, and $1.6 million of expenses attributable to MegaPath, partially offset by a lower cost base of $2.7 million.
  • Net loss attributable to common stockholders was $34.5 million, or $0.59 per share on a basic and diluted basis, compared to net loss to common stockholders in Q2 2017 of $4.7 million, or $0.19 per share on a basic and diluted basis. Excluding the retirement of debt obligations, net loss attributable to common stockholders was $20.1 million, or $0.34 per share.
  • Adjusted EBITDA in Q2 2018 was $26.6 million, compared to $28.1 million in Q2 2017 (see definition and further discussion about the presentation of adjusted EBITDA, a non-GAAP term, below). Consolidated capital expenditures totaled $8.0 million in Q2 2018, or 6.6% of revenue, compared to capital expenditures for the former stand-alone Birch of $7.3 million in Q1 2018, and $9.9 million in Q2 2017.
  • Total cash and equivalents at June 30, 2018, were $13.5 million, compared to $5.8 million at December 31, 2017. During the second quarter, Fusion retired approximately $443 million in Birch debt and accrued interest, and approximately $89 million of pre-merger Fusion debt, while incurring an additional $62 million of debt related to the acquisition of MegaPath.
  • Due to the timing of scheduled principal amortization payments, Fusion made no pay downs on its new credit facilities during the second quarter. Going forward, Fusion expects its scheduled principal amortization payments to be approximately $6.9 million per quarter.
  • Further details about the Company’s financial results are available in its quarterly report on Form 10-Q at www.sec.gov.

To learn more about Fusion (Nasdaq: FSNN) and to track its progress please visit the Vista Partners Coverage Pages. 

Fusion Reports Second Quarter 2018 Financial Results

NEW YORK, Aug. 14, 2018– Fusion, a leading cloud services provider, today announced financial results for the three and six months ended June 30, 2018.. On May 4, 2018, Fusion completed its acquisition …..

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Home Depot Soundly Beats Q2 Earnings Estimates

The Home Depot, Inc. (HD) is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

The Home Depot reported Q2 2018 earnings August 14, 2018. The home improvement retailer beat estimated earnings of $2.84 with reported earnings of $3.05 per share. Sales of $30.5 billion were recorded for the second quarter which is an 8.4 percent increase when compared to the second quarter of 2017. Overall comparable sales increased 8.0 percent and the comparable sales in the United States were positive 8.1 percent.

The company’s net earnings for the quarter were reported at $3.5 billion and diluted earnings increased 35.6 percent per share from the same period in 2017.

Craig Menear, chairman, CEO and president stated, “We were very pleased with our record second quarter sales and earnings. Not only did our seasonal business rebound from the first quarter, but our overall results exceeded our expectations. These results exemplify the outstanding execution of our combined team of store associates, merchants, suppliers and supply chain.”

More information on The Home Depot’s Q2 2018 earnings can be found here.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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Dow 30 Component Home Depot Schedules Q2 Conference Call Tuesday, August 14, 2018

Dow 30 Component, The Home Depot, Inc. (HD), is the world’s largest home improvement retailer with retail stores all across North America. The Home Depot sells building materials and home improvement products, as well as lawn and garden supplies, and provides installation, home maintenance, and professional service programs.

The Home Depot will host a conference call Tuesday, August 14, 2018 at 9:00 a.m. ET to discuss its second quarter 2018 earnings.  A webcast will be made available through http://ir.homedepot.com/events-and-presentations and selecting the “Second Quarter Earnings Conference Call” icon. For those unable to listen in at the scheduled time, the webcast will be archived and made available at noon August 14.

To learn more about The Home Depot, Inc. (HD) and to continue to track its progress please vista Partners The Home Depot, Inc. Coverage Page.

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Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive!

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