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Research kelly services inc- kelya noblecon 16 review

Posted on by Admin

Monday, February 24, 2020

Kelly Services Inc. (KELYA)

NobleCon 16 Review

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

NobleCon 16 Presentation. Kelly management presented at NobleCon 16 with the presentation focused on the new strategy, end markets, implementation, and what’s next for Kelly.

Highlights.  Over the past 120 days management set a operating strategy designed to accelerate specialty growth and improve profitability. Through both an organic and more aggressive inorganic expansion, we believe Kelly has the right model to…


Get the full report on Channelchek desktop.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research newrange gold corp nrg ca additional ground is staked at pamlico based on ip survey results

Posted on by Admin

Monday, February 24, 2020

Newrange Gold Corp (NRG:CA)

Additional Ground Is Staked at Pamlico Based on IP Survey Results

Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

IP Survey generates new drilling targets.  Newrange Gold announced that its recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the company’s Pamlico project generated several targets for its planned drilling program which is expected to commence in the first quarter of 2020.

Expanding the property to accommodate future exploration. Based on the trend and extent of anomalies revealed in the survey, Newrange acquired 105 additional claims and added 878 hectares of contiguous property bringing the Pamlico project total to 2,548 hectares. An anomaly is any variation from the norm which may indicate the presence of…



Get the full report on Channelchek desktop.

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research orion group holdings orn set up for positive year drives higher price target

Posted on by Admin

Monday, March 2, 2020

Orion Group Holdings (ORN)

Set Up for Positive Year Drives Higher Price Target

Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A solid end to a transformational year. 4Q2019 gross profit of $19.1 million and EBITDA of $11.0 million beat our estimates of $15.2 million and $8.2 million, respectively. High backlog, improving execution and ISG restructuring create tailwinds into 2020.

YE2019 backlog moderated to $572 million, as expected, but still up 30% over YE2018 and industry fundamentals remain positive. Backlog is $341 million in Marine and $232 million in…


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Coeur Mining (CDE) – Focusing on the Real Value Drivers

Posted on by Admin

Monday, February 24, 2020

Coeur Mining (CDE)

Focusing on the Real Value Drivers

Coeur Mining Inc is a metals producer focused on mining precious minerals in the Americas. It is involved in the discovery and mining of gold and silver and generates the vast majority of revenue from the sale of these precious metals. The operating mines of the company are palmarejo, rochester, wharf, and kensington. Its projects are located in the United States, Canada and Mexico, and North America.

Mark Reichman, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

CDE reports full year 2019 earnings.  On an adjusted basis, the company reported fourth quarter and full year losses per share of ($0.01) and ($0.25), respectively, compared to our estimates of ($0.06) and ($0.30). Positive fair value adjustments and a tax benefit accounted for the variance to our estimate. Fourth quarter and full year EBITDA were $59.8 million and $173.9 million, respectively. Including non-cash write downs of inventory and asset impairments, the company reported fourth quarter and full year losses per share of ($1.13) and ($1.59), respectively.

Production guidance for 2020. Coeur expects to produce 10.3 million to 13.3 million ounces of silver and 317,000 to 363,000 ounces of gold. In 2019, the company produced 11.7 million ounces of silver, 359,418 ounces of gold, 17.1 million pounds of zinc and 16.6 million pounds of lead. The company is suspending operations at the Silvertip mine due an inability to turn a profit at current zinc and…



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This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Cumulus Media Inc. (CMLS) – A Towering Opportunity

Posted on by Admin

Monday, February 24, 2020

Cumulus Media Inc. (CMLS)

A Towering Opportunity

CUMULUS MEDIA, Inc. (NASDAQ: CMLS) is a leading audio-first media and entertainment company delivering premium content to over a quarter billion people every month — wherever and whenever they want it. CUMULUS MEDIA engages listeners with high-quality local programming through 428 owned-and-operated stations across 87 markets; delivers nationally-syndicated sports, news, talk, and entertainment programming from iconic brands including the NFL, the NCAA, the Masters, the Olympics, the GRAMMYS, the American Country Music Awards, and many other world-class partners across nearly 8,000 affiliated stations through Westwood One, the largest audio network in America; and inspires listeners through its rapidly growing network of original podcasts that are smart, entertaining and thought-provoking. CUMULUS MEDIA provides advertisers with local impact and national reach through on-air, digital, mobile, and voice-activated media solutions, as well as access to integrated digital marketing services, powerful influencers, and live event experiences. CUMULUS MEDIA is the only audio media company to provide marketers with local and national advertising performance guarantees.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Overachieves expectations. Fourth quarter 2019 results were better than expected with revenues of $285.5 million (better than our $279.0 million estimate) and cash flow of $44.9 million versus our $41.9 million estimate.

Digital continues to be on fire. Digital revenues increased 38.2% to $21.6 million (better than our $16.5 million estimate) and follows a trend of…


Get the full report on Channelchek desktop.

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Kelly Services Inc. (KELYA) – NobleCon 16 Review

Posted on by Admin

Monday, February 24, 2020

Kelly Services Inc. (KELYA)

NobleCon 16 Review

Kelly Services Inc is a provider of workforce solutions and consulting and staffing services. The company’s operations are divided into three business segments namely Americas Staffing, Global Talent Solutions (“GTS”) and International Staffing. It provides staffing solutions through its branch networks in Americas and International operations and also provides a suite of innovative talent fulfilment and outcome-based solutions through GTS segment. Americas Staffing generates maximum revenue from its operations.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

NobleCon 16 Presentation. Kelly management presented at NobleCon 16 with the presentation focused on the new strategy, end markets, implementation, and what’s next for Kelly.

Highlights.  Over the past 120 days management set a operating strategy designed to accelerate specialty growth and improve profitability. Through both an organic and more aggressive inorganic expansion, we believe Kelly has the right model to…


Get the full report on Channelchek desktop.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Newrange Gold Corp (NRG:CA) – Additional Ground Is Staked at Pamlico Based on IP Survey Results

Posted on by Admin

Monday, February 24, 2020

Newrange Gold Corp (NRG:CA)

Additional Ground Is Staked at Pamlico Based on IP Survey Results

Newrange Gold Corp is an exploration stage company focused on acquiring and exploring exploration and evaluation assets in Colombia and the United States. The Company operates in a single reportable operating segment-the acquisition, exploration, and development of mineral properties. Some of the projects acquired by the company are Pamlico gold project in Nevada and Rocky mountain project in Colorado. The company also holds an interest in the Yarumalito property, El Dovio property and Anori property in Colombia.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

IP Survey generates new drilling targets.  Newrange Gold announced that its recently completed and interpreted Induced Polarization and Resistivity (IP) survey at the company’s Pamlico project generated several targets for its planned drilling program which is expected to commence in the first quarter of 2020.

Expanding the property to accommodate future exploration. Based on the trend and extent of anomalies revealed in the survey, Newrange acquired 105 additional claims and added 878 hectares of contiguous property bringing the Pamlico project total to 2,548 hectares. An anomaly is any variation from the norm which may indicate the presence of…



Get the full report on Channelchek desktop.

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Orion Group Holdings (ORN) – Set Up for Positive Year Drives Higher Price Target

Posted on by Admin

Monday, March 2, 2020

Orion Group Holdings (ORN)

Set Up for Positive Year Drives Higher Price Target

Orion Group Holdings, based in Houston, Texas, is a specialty construction company within the Marine and Industrial Construction sectors, with operations focused in the continental United States and Caribbean. Revenue is split roughly 50/50 between a Marine Construction segment that provides marine facility, pipeline and structural construction services and a Commercial Concrete segment that provides turnkey concrete services in the light commercial and structural construction markets.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

A solid end to a transformational year. 4Q2019 gross profit of $19.1 million and EBITDA of $11.0 million beat our estimates of $15.2 million and $8.2 million, respectively. High backlog, improving execution and ISG restructuring create tailwinds into 2020.

YE2019 backlog moderated to $572 million, as expected, but still up 30% over YE2018 and industry fundamentals remain positive. Backlog is $341 million in Marine and $232 million in…


Get the full report on Channelchek desktop.


This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research energy services of america esoa lower revenue but higher margins

Posted on by Admin

Friday, February 21, 2020

Energy Services of America (ESOA)

Lower Revenue But Higher Margins

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is primarily engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical and automotive industries, and does incidental work such as water and sewer projects. Energy Service’s other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services and other services related to pipeline construction.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Soft start to fiscal year. 1Q2020 EBITDA of $0.9 million was below our estimate due to a large project completion in 4Q2019 and limited larger projects behind it. Higher than expected gross margin of 9.1% partly offset the revenue fall off.

Adjusting FY2020 EBITDA to $7.1 million to reflect 1Q2020 operating results. Forecasted revenue of $110.1 million is lower, but EBITDA margin of 6.4% and gross margin of…



Get the full report on Channelchek desktop.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research one stop systems inc- oss what does the new ceo bring to the table

Posted on by Admin

Friday, February 21, 2020

One Stop Systems Inc. (OSS)

What Does the New CEO Bring to the Table?

One Stop Systems Inc is US-based company which is principally engaged in designing, manufacturing, marketing high-end systems for high performance computing (HPC) applications. The company offers custom servers, compute accelerators, solid-state storage arrays and system expansion systems. The product line of the company includes GPU Appliances, GPU Expansion, GPUs and co-processors, Flash storage arrays, Flash storage expansion, Servers, Disk Arrays, Desktop computing appliances, accessories and parts. The company delivers high-end technology to customers through the sale of equipment and software for use on their premises or through remote cloud access to secure data centres housing technology.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

David Raun Appointed Interim CEO. In a somewhat surprising move, on February 18th One Stop’s Board of Directors appointed Board member David Raun as interim president and CEO, succeeding Steve Cooper, who remains on the Board. Mr. Raun will serve while the Board undergoes a CEO search. We would not be surprised if Mr. Raun is one of the candidates.

Who Is David Raun?  Mr. Raun has served as a Board member since December 2016. Mr. Raun has over 20 years experience in the tech industry, including service as CEO of PLX Technology, Inc., which was a leading manufacturer of PCI Express switches and bridges, a key OSS product line, and where he the led the company to an acquisition by Avago (now Broadcom). We do not foresee any drastic changes in…


Get the full report on Channelchek desktop.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research therapeuticsmd txmd q4 2019 earnings annovera is now the lead asset in the sales bag

Posted on by Admin

Friday, February 21, 2020

TherapeuticsMD Inc. (TXMD)

Q4 2019 Earnings: Annovera is Now the Lead Asset in the Sales Bag

(current) TherapeuticsMD, Inc. is a women’s healthcare company focused on developing and commercializing products targeted exclusively for women. It manufactures and distributes branded and generic prescription prenatal vitamins, as well as over-the-counter vitamins and cosmetics, under our vitaMedMD’ and BocaGreenMD’ brands. The company is currently developing advanced hormone therapy pharmaceutical products designed to alleviate the symptoms of and reduce the health risks resulting from menopause-related hormone deficiencies. It is also evaluating various other potential indications for our hormone technology, including oral contraception, preterm birth, vulvar and vaginal atrophy, and premature ovarian failure.

Ahu Demir, Ph.D., Biotechnology Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Annovera sales exceeded expectations and became the lead commercial focus for the company. Annovera reached $5.8 mm in the fourth quarter compared to $0.4 mm in the previous quarter. Total revenue numbers in F2019 exceeded our and street’s expectations, mainly attributed to strong Annovera sales. Thus far, the product was soft launched, the full launch is anticipated on March 1st, 2020.

Increasing our F2020 estimates primarily based on Annovera sales. We now forecast $111 mm in revenue compared to $82 mm in 2020, solely based on Annovera sales ($42 mm versus $14 mm previously). We are maintaining our F2021 forecast of $207 mm by lowering Imvexxy/Bijuva and…



Get the full report on Channelchek desktop.

This research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – Energy Services of America (ESOA) – Lower Revenue But Higher Margins

Posted on by Admin

Friday, February 21, 2020

Energy Services of America (ESOA)

Lower Revenue But Higher Margins

Energy Services of America Corporation is engaged in providing contracting services for energy-related companies. The company is primarily engaged in the construction, replacement, and repair of natural gas pipelines and storage facilities for utility companies and private natural gas companies. It services the gas, petroleum, power, chemical and automotive industries, and does incidental work such as water and sewer projects. Energy Service’s other services include liquid pipeline construction, pump station construction, production facility construction, water and sewer pipeline installations, various maintenance and repair services and other services related to pipeline construction.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Soft start to fiscal year. 1Q2020 EBITDA of $0.9 million was below our estimate due to a large project completion in 4Q2019 and limited larger projects behind it. Higher than expected gross margin of 9.1% partly offset the revenue fall off.

Adjusting FY2020 EBITDA to $7.1 million to reflect 1Q2020 operating results. Forecasted revenue of $110.1 million is lower, but EBITDA margin of 6.4% and gross margin of…



Get the full report on Channelchek desktop.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision. 

Research – One Stop Systems Inc. (OSS) – What Does the New CEO Bring to the Table?

Posted on by Admin

Friday, February 21, 2020

One Stop Systems Inc. (OSS)

What Does the New CEO Bring to the Table?

One Stop Systems Inc is US-based company which is principally engaged in designing, manufacturing, marketing high-end systems for high performance computing (HPC) applications. The company offers custom servers, compute accelerators, solid-state storage arrays and system expansion systems. The product line of the company includes GPU Appliances, GPU Expansion, GPUs and co-processors, Flash storage arrays, Flash storage expansion, Servers, Disk Arrays, Desktop computing appliances, accessories and parts. The company delivers high-end technology to customers through the sale of equipment and software for use on their premises or through remote cloud access to secure data centres housing technology.

Joe Gomes, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

David Raun Appointed Interim CEO. In a somewhat surprising move, on February 18th One Stop’s Board of Directors appointed Board member David Raun as interim president and CEO, succeeding Steve Cooper, who remains on the Board. Mr. Raun will serve while the Board undergoes a CEO search. We would not be surprised if Mr. Raun is one of the candidates.

Who Is David Raun?  Mr. Raun has served as a Board member since December 2016. Mr. Raun has over 20 years experience in the tech industry, including service as CEO of PLX Technology, Inc., which was a leading manufacturer of PCI Express switches and bridges, a key OSS product line, and where he the led the company to an acquisition by Avago (now Broadcom). We do not foresee any drastic changes in…


Get the full report on Channelchek desktop.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in the full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.