Shares of Monster Beverage (NASDAQ: MNST ) rose nearly 5% Monday after the company's board of directors approved a $200 million share repurchase program. As management stated recently, the company had already used every penny of the $250 million it authorized for share repurchases less than five months ago, so it looks like they were just itching to continue increasing shareholders' slice of the pie.
Even so, I suppose this latest authorization shouldn't have come as much of a surprise considering the company managed to spend more than $737 million in 2012, buying back shares at an average price of $54.47 per share -- or about 3% below yesterday's closing price.
Does it make sense?
Okay, we get it; the folks at Monster are trying to send investors a not-so-subtle message that they think their stock is undervalued.
Top Penny Stocks To Own Right Now: Crown Media Holdings Inc.(CRWN)
Crown Media Holdings, Inc., through its subsidiary, Crown Media United States, LLC, owns, operates, and distributes pay television networks for adults and families primarily in the United States. The company operates and distributes Hallmark Channel network to approximately 87 million subscribers through approximately 5,369 cable, satellite, and other pay television distribution systems; and Hallmark Movie Channel network to approximately 45 million subscribers through approximately 2,680 cable, satellite, and other pay television distribution systems. Its networks offers a range of entertainment programming, including television series, movies, miniseries, theatricals, romances, literary classics, and contemporary stories. The company was founded in 1999 and is headquartered in Studio City, California.
Advisors' Opinion:- [By Michael Brush]
Anyone worried that Howard Stern is coarsening American culture should find comfort in the ratings of two television channels operated by Crown Media (CRWN).
Don't know the name? Think the Hallmark Channel, which ranked 16th during the day and 18th for prime-time viewership last year, among 78 ad-supported cable channels. Or the Hallmark Movie Channel, with an impressive 40 million subscribers, twice as many as Stern's radio company.
Hallmark channels feature squeaky-clean TV series like "Little House on the Prairie" and "Touched by an Angel," movies like "The Five People You Meet in Heaven" and original movies like "A Family Thanksgiving." They also rerun "Hallmark Hall of Fame" programs developed for network broadcast, like "The Magic of Ordinary Days" and "Plainsong."
Programs like these may not be everyone's cup of tea, but advertisers love the demographic they deliver: women ages 24 to 59.
Ratings did slip slightly last year, one reason the stock has not been a great performer. But it was a year of transition for Crown, which introduced a new "lifestyle" block of programming during the daytime at the Hallmark Channel. The new lineup boasts "The Martha Stewart Show," among other programs.
Viewers took a while to warm up, but a holiday-season ratings romp shows Crown has not lost its touch. The Hallmark Channel was the top destination for prime time on Saturday nights during the holiday season, and its programming posted ratings gains of 40% to 80% in its target demographic. December ratings at the Hallmark Movie Channel were up 70%, compared with the rest of the quarter. As a result, Crown saw revenue jump 17% in the quarter.
One risk here is that Crown loses the "Hallmark" brand it licenses from Hallmark Cards -- but that's unlikely, because the card company owns most of the stock.
- [By Michael Brush]
Anyone worried that Howard Stern is coarsening American culture should find comfort in the ratings of two television channels operated by Crown Media (CRWN).
Don't know the name? Think the Hallmark Channel, which ranked 16th during the day and 18th for prime-time viewership last year, among 78 ad-supported cable channels. Or the Hallmark Movie Channel, with an impressive 40 million subscribers, twice as many as Stern's radio company.
Hallmark channels feature squeaky-clean TV series like "Little House on the Prairie" and "Touched by an Angel," movies like "The Five People You Meet in Heaven" and original movies like "A Family Thanksgiving." They also rerun "Hallmark Hall of Fame" programs developed for network broadcast, like "The Magic of Ordinary Days" and "Plainsong."
Programs like these may not be everyone's cup of tea, but advertisers love the demographic they deliver: women ages 24 to 59.
Ratings did slip slightly last year, one reason the stock has not been a great performer. But it was a year of transition for Crown, which introduced a new "lifestyle" block of programming during the daytime at the Hallmark Channel. The new lineup boasts "The Martha Stewart Show," among other programs.
Viewers took a while to warm up, but a holiday-season ratings romp shows Crown has not lost its touch. The Hallmark Channel was the top destination for prime time on Saturday nights during the holiday season, and its programming posted ratings gains of 40% to 80% in its target demographic. December ratings at the Hallmark Movie Channel were up 70%, compared with the rest of the quarter. As a result, Crown saw revenue jump 17% in the quarter.
One risk here is that Crown loses the "Hallmark" brand it licenses from Hallmark Cards -- but that's unlikely, because the card company owns most of the stock.
Top Penny Stocks To Own Right Now: (POSC)
Positron Corporation operates as a molecular imaging company providing nuclear medicine technologies and services that are used in the field of nuclear cardiology. The company, through its proprietary PET imaging systems and radiopharmaceutical solutions, enables healthcare providers to accurately diagnose disease, and improve patient outcomes while practicing cost effective medicine. Its proprietary product lines and services include the Attrius, a dedicated PET imaging system; PosiStar, a clinical, technical, and service customer care plan; and PosiRx, a system that automates the elution, preparation, and dispensing processes for radiopharmaceutical agents used in molecular imaging. The company was founded in 1983 and is headquartered in Fishers, Indiana.
Advisors' Opinion:- [By Dennis Slothower]
Positron Corp. (OTC: POSC)is up 2.50% to $0.0410 on volume of over 518K shares. POSC, a molecular imaging company specializing in the field of nuclear cardiology, announced that it will beexhibitingat the European Society of Cardiology International Conference. (OTC:POSC), (POSC)
Best Low Price Stocks To Invest In 2014: Pinnacle Airlines Corp.(PNCL)
Pinnacle Airlines Corp., through its subsidiaries, operates as an independent regional airline company in the United States. It operates an all-regional jet fleet under two capacity purchase agreements (CPA) with Delta Air Lines, Inc. (Delta), providing regional airline capacity to Delta from Delta?s hub airports in Atlanta, Detroit, Memphis, New York City, and Minneapolis/St. Paul. The company also operates an all-turboprop fleet under a regional airline CPA with United Continental Holdings, Inc., Continental Airlines, Inc., and United Airlines, Inc. (United); and under revenue pro-rate agreements with United and US Airways Group, Inc. primarily in the northeastern United States and in Texas. As of December 31, 2010, Pinnacle Airlines Corp. offered scheduled passenger service with approximately 1,400 total daily departures to a 317 destinations with an aircraft fleet of 202 regional jet aircrafts and 81 turboprop aircrafts. The company was founded in 1985 and is headquart ered in Memphis, Tennessee.
Top Penny Stocks To Own Right Now: Pericom Semiconductor Corporation(PSEM)
Pericom Semiconductor Corporation designs, develops, manufactures, and markets high performance digital, analog, and mixed-signal integrated circuits (ICs) and frequency control products (FCPs) used in electronic systems worldwide. The company?s products are used for the transfer, routing, and timing of digital and analog signals within and between computer, networking, data communications, and telecommunication systems. It offers SiliconConnect family products, including PCI and PCI-X bridges, PCI Express Bridges and packet switches, drivers, receivers, and transceivers, as well as low-voltage differential signaling products; SiliconSwitch family products comprising application-specific standard product switches, analog switches, and digital switches; SiliconInterface family products consisting of redrivers/signal conditioners, universal level shifters, lower balanced drives, application specific logic functions, 3.3-volt interface logic products, 5-volt FCT logic product s, and gates; and SiliconClock family products, such as clock buffers and zero-delay clock drivers, voltage controlled crystal oscillators, clock frequency synthesizers, and programmable clocks. The company?s FCPs include crystals that resonate at a frequency; and crystal oscillators used in various electronic devices. Its ICs and FCPs are used in various applications, such as notebook computers, servers, network switches and routers, storage area networks, digital TVs, cell phones, GPS, and digital media players. The company markets and distributes its products through a network of independent sales representatives and distributors to original equipment manufacturers and contract manufacturers in the computer, peripherals, networking, and telecommunications markets, as well as to end-user customers. Pericom Semiconductor Corporation was founded in 1990 and is headquartered in San Jose, California.
Top Penny Stocks To Own Right Now: Medallion Financial Corp.(TAXI)
Medallion Financial Corp., through its subsidiaries, operates as a specialty finance company in the United States. The company engages in originating, acquiring, and servicing loans that finance taxicab medallions and various types of commercial businesses. It offers commercial loans to finance the purchase of the equipment and related assets necessary to open a new business, or the purchase or improvement of an existing business; asset-based loans to small businesses; and secured mezzanine loans to businesses in various industries, including manufacturing and various service providers. The company also raises deposits; originates consumer loans for the purchase of recreational vehicles, boats, motorcycles, trailers, and hearing aids; and conducts other banking activities. In addition, it provides other debt, mezzanine, and equity investment capital to companies in various industries. The company was founded in 1995 and is headquartered in New York, New York.
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