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While I hate to single out a single stock to comment on, I
will, nonetheless, do that once again …. on Textura Corp.
will, nonetheless, do that once again …. on Textura Corp.
In January, TheStreetInsider published two notes about
Barrington Research’s opinions on Textura.
Barrington Research’s opinions on Textura.
In the first note (further below), Barrington Research
added Textura to its “Best Ideas List”.
The day before that note was published, Textura closed at $30.98.
added Textura to its “Best Ideas List”.
The day before that note was published, Textura closed at $30.98.
In the second note (immediately below my commentary), Barrington
Research said that they see “a buying opportunity in Textura” and reiterated is
outperform rating and $55.00 price target.
The day before that note was published, Textura closed at $34.87.
Research said that they see “a buying opportunity in Textura” and reiterated is
outperform rating and $55.00 price target.
The day before that note was published, Textura closed at $34.87.
Here’s quote on
Textura from this afternoon, April 4th:
Textura from this afternoon, April 4th:
Textura Corp
(NYSE:TXTR)
21.53
-1.82
(-7.79%)
(-7.79%)
Real-time: 2:25PM EDT (per Google Finance)
Based on activity in Textura shares, if you
bought Textura shares when Barrington first put it on its “Best Ideas List” and
were lucky enough to have sold it when Barrington published its second note,
you came out a winner – between the two notes, Textura stock advanced by nearly
$4.00 per share.
bought Textura shares when Barrington first put it on its “Best Ideas List” and
were lucky enough to have sold it when Barrington published its second note,
you came out a winner – between the two notes, Textura stock advanced by nearly
$4.00 per share.
BUT, if you bought when the first note was
published and are still holding Textura, you’re a loser, big-time. Since that second note, Textura’s shares have
gone down, this afternoon trading at around $21.53. (You’d be down about $8.50
per share.)
published and are still holding Textura, you’re a loser, big-time. Since that second note, Textura’s shares have
gone down, this afternoon trading at around $21.53. (You’d be down about $8.50
per share.)
I kind of wonder if Barrington Research continues
to maintain its opinion of a $55.00 per share target-price for Textura. Something miraculous is going to have to
happen for Textura’s share price to climb to, or climb close to, that target.
to maintain its opinion of a $55.00 per share target-price for Textura. Something miraculous is going to have to
happen for Textura’s share price to climb to, or climb close to, that target.
Barrington Sees Buying Opportunity in Textura (TXTR); Confusion
Over Acquired Revenue Write-Off
Over Acquired Revenue Write-Off
January 31, 2014 11:52 AM EST,
http://www.streetinsider.com/
http://www.streetinsider.com/
Barrington Research maintained an Outperform rating on Textura Corp (NYSE
Analyst Jeff Houston sees opportunity after shares declined post-earnings. He
ties the decline to confusion over acquired revenue
“Textura
reported fiscal Q1/14 (ended December) results yesterday after the close.
Revenue and adjusted EPS were above expectations and management maintained full‐year revenue expectations. The
company also introduced profitability guidance, which we expect investors to
welcome with open arms because it indicates that Textura has a solid grasp on
its business
corporate development, in our opinion,” said Houston.
reported fiscal Q1/14 (ended December) results yesterday after the close.
Revenue and adjusted EPS were above expectations and management maintained full‐year revenue expectations. The
company also introduced profitability guidance, which we expect investors to
welcome with open arms because it indicates that Textura has a solid grasp on
its business
corporate development, in our opinion,” said Houston.
“While it
appears that fiscal 2014 EPS guidance was below consensus, it is simply
attributable to GAAP requirements to write‐off deferred revenue for the December 2nd Latista acquisition, which we
and the rest of the Street did not model. Some SaaS companies choose to
introduce non‐GAAP revenue in these
situations,” he added.
appears that fiscal 2014 EPS guidance was below consensus, it is simply
attributable to GAAP requirements to write‐off deferred revenue for the December 2nd Latista acquisition, which we
and the rest of the Street did not model. Some SaaS companies choose to
introduce non‐GAAP revenue in these
situations,” he added.
For an analyst
ratings summary and ratings history on Textura Corp click here. For more ratings news on Textura
Corp click here.
ratings summary and ratings history on Textura Corp click here. For more ratings news on Textura
Corp click here.
Shares of Textura Corp closed at
$34.87 yesterday.
$34.87 yesterday.
Textura Corp (TXTR) Added to Barrington Research’s Best
Ideas List
Ideas List
January 6, 2014 3:30 PM EST,
http://www.streetinsider.com/
http://www.streetinsider.com/
Barrington
Research maintained an Outperform rating on Textura Corp (NYSE
stock was also added the the firm’s Best Ideas List.
Research maintained an Outperform rating on Textura Corp (NYSE
stock was also added the the firm’s Best Ideas List.
“A rogue
short report published the day after Christmas caused a 25% sell off in
Textura’s stock. While the report created an attractive buying opportunity, we
view all of the issues mentioned as baseless,” said analyst Jeff Houston.
short report published the day after Christmas caused a 25% sell off in
Textura’s stock. While the report created an attractive buying opportunity, we
view all of the issues mentioned as baseless,” said analyst Jeff Houston.
“The
company’s disruptive technology
which is large and underpenetrated. Besides first mover advantage, patent
protection, pricing power, and opportunities to cross‐sell and expand globally, we like
that sub‐contractors generate most (75%) of
CPM revenue and are required by Textura’s GC clients to use the solution. Also,
the recovering construction industry presents a tailwind. Despite execution
risk, our forecast for a significant profitability ramp and continued 50%
organic growth in 2015 justifies a significant valuation premium,” he
added.
company’s disruptive technology
which is large and underpenetrated. Besides first mover advantage, patent
protection, pricing power, and opportunities to cross‐sell and expand globally, we like
that sub‐contractors generate most (75%) of
CPM revenue and are required by Textura’s GC clients to use the solution. Also,
the recovering construction industry presents a tailwind. Despite execution
risk, our forecast for a significant profitability ramp and continued 50%
organic growth in 2015 justifies a significant valuation premium,” he
added.
For an analyst
ratings summary and ratings history on Textura Corp click here. For more ratings news on Textura
Corp click here.
ratings summary and ratings history on Textura Corp click here. For more ratings news on Textura
Corp click here.
Shares of Textura Corp closed at $30.98 yesterday.
Reprographics 101 
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