Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.950

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From: E_K_S	8/6/2019 11:53:22 AM
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US Foods reaffirmed FY2019 outlook Aug. 6, 2019 9:52 AM ET\|About: US Foods Holding Corp. (USFD)\|By: Niloofer Shaikh, SA News Editor US Foods ( USFD +5%) reports total case volume rose 1.7% and independent restaurant case volume increased 4.8% in Q2. Adjusted gross margin rate flat at 17.9% Adjusted EBITDA increased 6.7% to $320M. FY2019 Guidance: Total case volume: +1% to +2%; Adjusted EBITDA: at least 5% growth; Adjusted Diluted EPS: $2.15 to $2.25; Capital expenditures: $260M to $270M; Interest expense: $170M to $175M; D&A: $340M to $350M; Adjusted tax rate: 25% to 26%. ------------------------------------ US Foods (NYSE: USFD): Q2 Non-GAAP EPS of $0.64 beats by $0.01; GAAP EPS of $0.53 misses by $0.06. Revenue of $6.44B (+4.5% Y/Y) beats by $80M. ------------------------------------ Maybe food sector has turned as this is another case where Forward Guidance is positive. They see at least 5% growth. BGS had similar positive results. UNFI could provide a surprise to upside. Market very negative on the stock w/ new lows. EKS

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