Wednesday, April 26, 2017

HP PageWide XL Case Study (RPG scores nice deal)

Blog Publisher’s comments:

I received this HP “Case Study” via e-mail this morning.
Quite impressive that an HP dealer, RPG (formerly known as Reprographic Products Group), based in the Washington, DC area, is the HP dealer who got this deal done, as Atlantic Constructors is based in Richmond, VA. Congrats to Mark Kadanoff and his team members at RPG.

Case study 

Atlantic Constructors produces sharp, large-format prints in an instant

HP PageWide XL 5000 Multifunction Printers enable fast, reliable color printing, saving $40k per year

Link to Case Study pdf file:

Tuesday, April 18, 2017

Obituary - JOSEPH D'ANNUNZIO Jr. (1925 - 2017)

JOSEPH D'ANNUNZIO Jr. (1925 - 2017)


Joseph Carlyle D'Annunzio Jr. TALLAHASSEE, FL Joseph Carlyle D'Annunzio Jr., 91 entered God's kingdom on Tuesday, March 21, 2017, as he lay in the loving arms of his wife of 46 years, Barbara, in his Golden Eagle home where he had lived for over 25 years. Born in Philadelphia, PA, on Oct. 1, 1925, Joe soon moved to Trenton, NJ. In school, Joe excelled in academics and sports. Unable to accept an appointment to Annapolis due to an eye problem, Joe entered the U.S. Navy V-12 program. This earned him a B.S. in engineering from Columbia University in New York City and a Navy commission. He was elected to the Tau Beta Pi engineering fraternity for having maintained excellence in academic performance at Columbia, and he lettered in Varsity basketball. Following graduation, the Navy then sent Joe to Steam Engineering school and to Norfolk, Va., where he was stationed aboard the USS LCS (L) (3) 1 more affectionately known as "The Dirty Ace." Joe received the Navy medal for active service in World War II and the Navy medal for service in the American Theatre Campaign of World War II. Following his Navy discharge in 1946, Joe enrolled in Swarthmore College, where he played varsity soccer and distinguished himself as an All-American soccer player and Olympic alternate. He graduated with a B.S. in psychology in 1949. After college, Joe joined his father's firm, D & W Blueprint, in Trenton, NJ, expanding the business first to a complete reprographics business and, then, to the largest reprographics business in the State of New Jersey. In January 1970 Joe met Barbara Bates and the two began a beautiful romance that would last over 46 years. They married in July of that year aboard the Leonardo da Vinci in New York Harbor and sailed to Europe where they honeymooned in Italy before taking up residence first in Morristown, NJ, and then in Barrington, IL. Their life has been a beautiful love story between two wonderful friends, witnessed and admired by many. Joe was hired in 1969 by Keuffel and Esser, an engineering supply company, as their vice-president of marketing. Shortly thereafter, Teledyne Post, hired Joe away from K & E as president of Teledyne Post in Des Plaines, IL. Joe quickly distinguished himself and soon became known as the Teledyne "turn-around" specialist, adding to his charge eight additional companies. He reworked these eight struggling entities until they were out of financial trouble and brought them all back to profitable status. Among his many professional accomplishments, Joe was granted a patent for his development of erasable vellum paper. Joe served as the president for the National Coaters Associations. He also served as keynote speaker and in leadership positions for the International Association of Blue Printers and Allied Industries, in demand by all six regional reprographics organizations; Joe D'Annunzio was truly a giant in the industry. During this period Joe lived in Barrington, IL, and traveled extensively for business. He served as a member of the Board of Directors of the Illinois Central Railroad. He was a member of the Barrington Hills Country Club, Chicago Horticultural Society, Barrington Presbyterian Church, Barrington Play Reading Group, The Meadow Tennis Club, Fox Point Bridge and Tennis Club. He was also the owner and CEO of Northstar Reprographics in Eden Prairie, MN. Following retirement from Teledyne, Joe and Barbara moved to Tallahassee where Joe entered Florida State College of Law at the age of 72. He graduated at age 75, passed the bar exam and was sworn in on New Year's Day 2000, by Florida Supreme Court Chief Justice Major Harding. Joe D'Annunzio was the first new Florida attorney of the new millennium. Joe favored employment law and worked both in companies and as a sole practitioner, finally retiring at 87. He served on the Executive Board of the Golden Eagle Homes Association and was a member of Christ Presbyterian Church. He enjoyed all the musical events at FSU especially the Tallahassee Community Chorus and traveled with the chorus to Carnegie Hall and to China. Joe loved pro football and was a faithful Patriots fan. He was proud supporter of Jimbo Bo Fisher and the Florida State Football program. For 16 years Joe was always in the company of his devoted black Lab Puccini who proceeded him in death in August 2016. Puccini and Joe were truly devoted to one another. Joe was a total Renaissance man and enjoyed opera, bridge, computers, sailing, astronomy, theatre, downhill skiing, and business, among others things. He had the privilege of serving as a supernumerary at the Metropolitan Opera in New York City for several seasons. In appearance he was sartorially elegant and well-lettered. On this paternal side, he descended from the Italian Baron and Baronessa Cauli from the Italian town of Casalanguida in the province of Chieti in the Abruzzo region of Italy. Additionally, it is rumored that he is related to the late raconteur, poet, novelist, war hero, and lover, Gabrielle D'Annunzio (perhaps a paternal cousin). Joe was preceded in death, by his mother, Lillian Decrescenzo D'Annunzio, his father, Joseph Carlyle D'Annunzio Sr. by his sister, Lola, a Broadway /film actress, and by his Aunt Jean "Jenny" Denow of Lawrenceville, NJ, and Tallahassee, FL. He is survived by his devoted and loving wife, Barbara Bates D'Annunzio of Tallahassee. Also surviving are his older sister, Lillian D'Annunzio Keephart of Ewing, NJ; devoted nephew, William Joseph Keephart; devoted niece, Lydia Fabbro Keephart, Little Nell Keephart, Lawrenceville, NJ; Jonathan Fabbro Keephart, Alexandra Salerno Keephart, Atlas Henry Keephart, Malvern, PA; a niece, Jo Ann Keephart and Dave Stradling, Hamilton, NJ; daughter, Gabrielle D'Annunzio Burke and Lawrence J. Burke of Santa Fe, NM; daughter, Jolie D'Annunzio, San Francisco, CA; son, Sandy Joseph D'Annunzio, Janet Erley D'Annunzio, David D'Annunzio, Lisa Claire D'Annunzio Thurber, Kaleb Thurber, of Piedmont, CA; Christine Fabbro Brunner, Daniel Brunner, Harper Elizabeth Brunner, and Hunter Leo Brunner, of New York City; Elizabeth Brunner, New Canaan, CT; Glenda Fabbro, Indian Shores, FL; Michael Allen Tierney, Marcy Olin Tierney, of New York City; Joseph Patrick Tierney, Eleanor "Elly" Tierney, of Annapolis, MD; a loving cousin, in Aloha, OR, Louise Jinglesse DeCrescenzo Bohr and Mark Bohr; Sadiye Bedestani, of Yardville, NJ; devoted caregivers, Vicky McNair and Leroy McNair, as well as a sister-in law in Tallahassee, Patricia Bates Trotta and Joseph Anthony Trotta. Additionally he had a host of dear friends in Tallahassee, the Chicago area and in New Jersey. A Celebration of Life service for Joe will be held later this spring in Lawrenceville, NJ. The visitation for Joe will be held at Christ Presbyterian Church on 2317 Bannerman Road on April 7 from 6 to 8 p.m. The funeral service will be the following day, April 8, at 2 p.m. at Christ Presbyterian Church, with interment immediately following at Culley's Meadowwood on Timberlane Road. In lieu of flowers, contributions can be made to: FSU College of Law, 425 Jefferson Street, Tallahassee, FL 32301; Tallahassee Community Chorus, P.O. Box 13083, Tallahassee, FL 32317-3083; Christ Presbyterian Church, 2317 Bannerman Road Tallahassee, FL 32312; Big Bend Hospice, 1723 Mahan Center Boulevard, Tallahassee, FL 32308-5428 Arrangements are being handled by Culley's MeadowWood, 700 Timberlane Road, Tallahassee, FL (850) 893-4177.

B Riley Analyst Forecasts ARC's Q1 2017 EPS

 ARC Document Solutions Inc Forecasted to Earn Q1 2017 Earnings of $0.04 Per Share (ARC)

April 12th, 2017 - By Renee Jackson

ARC Document Solutions Inc (NYSE:ARC) – Stock analysts at B. Riley issued their Q1 2017 earnings estimates for shares of ARC Document Solutions in a note issued to investors on Monday, according to Zacks Investment Research. B. Riley analyst I. Corydon anticipates that the company will post earnings of $0.04 per share for the quarter. B. Riley currently has a “Buy” rating and a $5.00 price target on the stock. B. Riley also issued estimates for ARC Document Solutions’ Q2 2017 earnings at $0.05 EPS, Q3 2017 earnings at $0.05 EPS, Q4 2017 earnings at $0.06 EPS and FY2017 earnings at $0.20 EPS.

Monday, April 17, 2017

Note about Zack's Recent Downgrade on ARC stock

Zacks frequently upgrades and downgrades ARC’s stock, so I wouldn’t put too much thinking into Zack’s upgrades and downgrades.

From an article on the web this morning…..

ARC Document Solutions Inc (ARC) Downgraded by Zacks Investment Research, Posted by David Glaser on Apr 14th, 2017

Zacks Investment Research lowered shares of ARC Document Solutions Inc (NYSE:ARC) from a buy rating to a hold rating in a report issued on Tuesday.

According to Zacks, “ARC Document Solutions Inc. is a document solutions company providing business-to-business document management technology and services to the architectural, engineering and construction, or AEC industries. It also provides document management services to companies in non-AEC industries, such as technology, financial services, retail, entertainment, and food and hospitality. The Company provides services that include scanning, imaging, and managing black and white and color documents. ARC Document Solutions Inc., formerly known as American Reprographics Company, is headquartered in Walnut Creek, California. “

Separately, B. Riley reaffirmed a buy rating and set a $5.00 price objective on shares of ARC Document Solutions in a research report on Saturday, March 25th.

Shares of ARC Document Solutions (NYSE:ARC) opened at 3.48 on Tuesday. ARC Document Solutions has a 12 month low of $3.06 and a 12 month high of $5.55. The stock’s market capitalization is $160.12 million.

The company’s 50 day moving average price is $3.90 and its 200 day moving average price is $4.27.

ARC Document Solutions (NYSE:ARC) last posted its quarterly earnings data on Tuesday, February 21st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. ARC Document Solutions had a positive return on equity of 7.55% and a negative net margin of 11.50%. The company earned $98.60 million during the quarter, compared to analysts’ expectations of $95.60 million. During the same period last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities analysts anticipate that ARC Document Solutions will post $0.24 earnings per share for the current fiscal year.

Several hedge funds have recently bought and sold shares of the stock. First Quadrant L P CA boosted its stake in ARC Document Solutions by 393.8% in the third quarter. First Quadrant L P CA now owns 160,475 shares of the company’s stock valued at $600,000 after buying an additional 127,975 shares in the last quarter. California Public Employees Retirement System boosted its stake in ARC Document Solutions by 37.6% in the third quarter. California Public Employees Retirement System now owns 117,800 shares of the company’s stock valued at $441,000 after buying an additional 32,200 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its stake in ARC Document Solutions by 0.7% in the third quarter. Punch & Associates Investment Management Inc. now owns 1,035,575 shares of the company’s stock valued at $3,873,000 after buying an additional 7,198 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in ARC Document Solutions by 101,428.9% in the third quarter. JPMorgan Chase & Co. now owns 875,179 shares of the company’s stock valued at $3,273,000 after buying an additional 874,317 shares in the last quarter. Finally, LSV Asset Management boosted its stake in ARC Document Solutions by 20.0% in the third quarter. LSV Asset Management now owns 294,415 shares of the company’s stock valued at $1,101,000 after buying an additional 49,000 shares in the last quarter. 73.92% of the stock is owned by institutional investors and hedge funds.

Wednesday, April 12, 2017

Predicting the Next Recession (from the publisher of the Calculated Risk Blog)

by Bill McBride on 4/11/2017 03:45:00 PM

In 2013, Bill McBride, publisher of the very popular finance/economics blog known as “Calculated Risk”, wrote an article that talked about “the next” upcoming recession.

Today, he updated that article, and, below, you will find the last paragraph from that update:

“[CR April 2017 Update: This was written in 2013 - and my prediction for no "recession for a few years" was correct.  This still seems correct today, so no recession in the immediate future (not in 2017). ]”

Link to full article: