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For Immediate Release
Chicago, IL – October 3, 2012 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Gol Linhas Aéreas Inteligentes S.A. (GOL - Analyst Report), Boeing (BA - Analyst Report), Copa Holdings SA (CPA - Snapshot Report), LAN Airlines S.A (LFL - Snapshot Report) and Dick's Sporting Goods Inc. (DKS - Analyst Report).
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Here are highlights from Tuesday’s Analyst Blog:
GOL to Add 60 More Boeings
razilian low-cost and low-fare airline, Gol Linhas Aéreas Inteligentes S.A. (GOL - Analyst Report) recently signed a contract to purchase from Boeing (BA - Analyst Report) an additional 60 Boeing 737 MAX Aircraft. To be delivered by 2018, these aircraft will enable operational efficiency through fleet modernization.
Gol Linhas, over time, has been adopting means to enhance the efficacy of its fleet in order to boost productivity and occupancy rates in the quarters ahead. The company targets to achieve a fleet size of 138 by the end of 2012, 136 by 2013 and 140 by 2014. The fleet target for 2014 includes roughly 32 Boeing 737-700 NG and 108 Boeing 737-800 NG aircraft.
Also, of late, the company issued a second series of Guaranteed Notes amounting to $22.7 million in order to raise money for financing engine maintenance. The Notes carried an interest rate of 0.85% p.a. The first issue was worth $39.1 million carrying an interest rate of 1.0% p.a. These notes with a term period of two years were guaranteed by the Export-Import Bank of the United States (Ex-Im Bank). The proceeds from both the issues will be used for funding the maintenance of CFM56-7B engines by Delta TechOps, the maintenance division of Delta Air Lines.
Furthermore, the company focuses on continuous improvement in the ancillary services. Such services include extensive e-commerce platform, and offer of services such as insurance, car rentals and ticket sales from kiosks. These are expected to reinvigorate customer demand and increase sale.
The Zacks Consensus Estimate for the third quarter of 2012 stands at a loss of 19 cents, representing a year-over-year growth of 82.9%. Estimates for 2012 and 2013 stand at a loss of 96 cents and earnings of 23 cents, respectively, reflecting a year-over-year growth of 37.5% for 2012 and 124.3% for 2013.
We currently have a Neutral recommendation on GOL. The stock also bears a Zacks #3 (Hold) Rank. The company’s prime competitors Copa Holdings SA (CPA - Snapshot Report) currently has a Zacks #3 (Hold) Rank and LAN Airlines S.A (LFL - Snapshot Report) has a Zacks #5 (Strong Sell) Rank.
Dick’s Announces More Store Openings
The store expansion strategy of the full-line sporting goods retailer, Dick's Sporting Goods Inc. (DKS - Analyst Report), seems achievable as the company made announcements of five more stores coming up in different locations in the United States. These stores making show at the Hanover Mall in Hanover, Massachusetts; Valley Mall in Harrisonburg, Virginia; Las Cruces, New Mexico; Southside Mall in Oneonta, New York; and Edinger Plaza in Huntington Beach, California; are slated to open to public on October 3, 2012.
Earlier this month, the company announced the opening of ten new stores at different locations across the country. The opening of stores remains in sync with the company’s previously announced plan of opening 21 stores in the third quarter and relocating 3 of them.
For fiscal 2012, the company plans to open approximately 38 Dick's Sporting Goods stores. Moreover, the company plans to relocate about five Dick’s Sporting Goods stores and one Golf Galaxy store in 2012.
In the long-term, the company aims at opening additional 400 stores, targeting a total store count of about 900 in the United States.
As of September 21, 2012, Dick's operated 500 stores in 44 states. Additionally, the company operates 81 Golf Galaxy stores in 30 states.
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