Trimble Navigation, Will Rebound Eventually
Trimble Navigation, Will Rebound EventuallyAuthor: Hans WagnerTrimble Navigation (TRMB) provides advanced positioning product solutions to commercial and government customers worldwide. The company uses global positioning systems (GPS) and robotic optical surveying instruments that incorporate GPS, optical, laser, radio, or cellular communication technologies for various applications including engineering and construction, agriculture and mobile workers who can employ advanced technologies to improve efficiencies and provide advanced uses of collected data. Engineering and construction is the largest customer segment, which is hurting sales. With a Return on Capital Employed of 35% and an Earnings Yield of 3.2% Trimble is no longer a value investing opportunity. However, they offer a quality balance sheet and a free cash flow yield of 5.3% and free cash flow margin of 19%. The company’s trailing PE ratio is 34, though the Enterprise Value to Free Cash Flow ratio of 17 demonstrates the strength of their underlying business. Once there is a rebound in the engineering and construction industry, Trimble should see their revenues turn around. For the quarter ending July 3, 2009 revenues were down 23% to $290.1 million from $377.8 million in the second quarter of 2008. Operating margin fell to 9.9% for the quarter down from 16.7% as the company was unable to keep expenses in line with declining revenues. Key Drivers and Barriers Drivers The drivers of Trimble's business are: The growing need to reduce costs of businesses that use equipment to navigate during their operation.
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Compare Ytb Travel and Travel FhtmCompare Ytb Travel and Travel FhtmAuthor: Brent VandersteltLet me start by saying YTB Travel and Travel FHTM are both great home based opportunities. We are former YTB Power Team Leaders and we enjoyed our time with YTB. However; we chose to leave YTB because of all the negative news, blog postings, scam reports etc. YTB Travel is a legitimate business opportunity that is powered by one of the leading travel booking engines, Travelocity. The problem with YTB Travel or ANY business that has received such a blow to its reputation, business or sales will suffer as a result. Travelocity is a leading travel booking engine that offers many Features and Benefits to any home based travel agency such as: Partnership with a strong brand like Travelocity Tools, data feeds, and products to help you succeed Reporting and tracking Competitive commissions with increases for high producers Merchandising and marketing support Dedicated team to support your business Travelocity award-winning customer support Travel FHTM offers 24/7 customer support, something not offered by similar online travel booking engines, so you can rest assured that you guests will have a worry free vacation with Travel FHTM. |
How Low Carb Diets WorkHow Low Carb Diets WorkAuthor: Karen CiancioMany people are confused about how low carb diets work. It doesn't make sense to them that you can eat more fat and protein than is traditionally called for and still lose weight. A low carb diet plan greatly restricts the amount of carbohydrates you consume, as compared with a traditional North American diet, or even compared with a low fat diet. While our bodies would usually burn stored carbohydrates for energy, low carb eating forces the body to burn more stored fat instead. When this happens, your body produces chemicals called "ketones". Ketones result when your kidneys convert fat to soluble waste. |