Although business headlines still tout earnings numbers, many investors have moved past net earnings as a measure of a company's economic output. That's because earnings are very often less trustworthy than cash flow, since earnings are more open to manipulation based on dubious judgment calls.
Earnings' unreliability is one of the reasons Foolish investors often flip straight past the income statement to check the cash flow statement. In general, by taking a close look at the cash moving in and out of the business, you can better understand whether the last batch of earnings brought money into the company, or merely disguised a cash gusher with a pretty headline.
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on KEYW Holding (Nasdaq: KEYW ) , whose recent revenue and earnings are plotted below.
Top 10 Income Stocks To Watch For 2014: Lagasco Corp. (LCO.V)
El Condor Minerals Inc. engages in the acquisition and exploration of mineral properties. It holds an option to acquire the Millennium gold-silver project located in southwestern Arizona, the United States; and the Carol property located in Sonora State, Mexico. The company was formerly known as Lagasco Corp. and changed its name to El Condor Minerals Inc. in August 2010. El Condor Minerals Inc. was incorporated in 1948 and is based in Vancouver, Canada.
Top 10 Income Stocks To Watch For 2014: Falcon Energy Group Limited(5FL.SI)
Falcon Energy Group Limited, an investment holding company, provides various services to oil companies and contractors in the Americas, Asia, and the Middle East. It operates in four divisions: Marine, Oilfield Services, Oilfield Projects, and Resources. The Marine division provides offshore support vessels to the offshore marine industry. Its services include offshore hook-up and commissioning, offshore conductor piling, hydraulic work-over/coiled tubing/well stimulation, subsea services, pipe trenching, submarine cables, and controlled source electro-magnetic survey. This division owns and manages a fleet of 15 vessels, including accommodation work barges, multi-purpose supply vessels, and anchor handling tug supply vessels. The Oilfield Services division provides oilfield services comprising agencies, logistics, and procurement services, as well as other general supporting services to oil and gas companies worldwide. This division also engages in oil trading and other r elated activities. The Oilfield Projects division involves in projects and investments related to the offshore marine, and oil and gas industry. The Resources division engages in coal trading, coal mining, and other related activities. The company is based in Singapore.
10 Best Up And Coming Stocks To Buy For 2014: IRESS Market Technology Ltd (IRE.AX)
IRESS Limited provides information, trading, compliance, order management, portfolio, financial planning systems, and related tools in Australia, Asia, New Zealand, Canada, South Africa, and the United Kingdom. The company�s primary products include IRESS, an equity information and trading platform; and XPLAN, a suite of financial planning and associated tools. Its financial market products comprise IRESS market data solutions that deliver equity information and trading platform for domestic and international traders, including IRESS Professional, IRESS Trader, IRESS Investor, IRESS Mobile, and IRESS Web services. The company�s financial market products also comprise IRESS order management software solution that offers a suite of domestic and international trading tools for buy side, sell side, operator, and retail traders; IRESS architecture that provides market connectivity for market data and order management solutions; IRESS Portfolio System, a retail and wholesale p ortfolio management solution; IRESS Funds Trading System, a wholesale funds management system; and IRESS Risk Management System, a market making and risk management solution for traders. Its wealth management products consist of XPLAN Client Focus module, a fact find and CRM system; business management tools for business processes, revenue management, business partners, marketing, document storage, compliance and alerts, and integrated solutions; XPLAN advice tools for calculating financial planning, analysis and modeling of financial planning strategies, risk insurance, superannuation and pension, mortgage qualification, and loans and risk management, as well as electronic applications and integrated solutions; and IRESS Portfolio System, a portfolio solution for financial planning and wealth professionals. The company was formerly known as IRESS Market Technology Limited and changed its name to IRESS Limited in May 2012. IRESS Limited was founded in 1993 and is based in Me lbourne, Australia.
Top 10 Income Stocks To Watch For 2014: Malbex Resources Inc(MBG.V)
Malbex Resources Inc., an exploration stage company, engages in the acquisition, exploration, and development of precious metal projects in Argentina and Peru. The company primarily explores for gold and silver. Its principal property includes Del Carmen project that covers approximately 15,129 hectares located near the southern end of the El Indio Gold Belt, Argentina. The company is headquartered in Toronto, Canada.
Top 10 Income Stocks To Watch For 2014: Pollard Banknote Limited (PBL.TO)
Pollard Banknote Limited, together with its subsidiaries, provides products and services to the lottery and charitable gaming industries in the United States, Canada, and internationally. It produces a line of instant-win scratch tickets; provides lottery management services, including warehousing and inventory control, telephone selling, retail support, advertising and marketing, Internet support, and distribution; and offers licensed products and instant ticket vending machines. The company also manufactures and sells charitable gaming products, such as pull-tab tickets, bingo paper, pull-tab vending machines, and ancillary products comprising pull-tab counting machines. In addition, it markets products, such as promotional scratch and win tickets, transit tickets, and parking passes to the commercial gaming and security sector. Further, the company leases pull-tab vending machines. Pollard Banknote Limited sells its lottery products and services directly to lotteries un der the Pollard Banknote name; and charitable gaming products under the American Games name through independent distributors, direct sales force, and mail order catalogue. The company was founded in 1907 and is headquartered in Winnipeg, Canada.
Top 10 Income Stocks To Watch For 2014: American Software Inc (AMSWA)
American Software, Inc. (American Software), incorporated in 1970, develops, markets and supports a portfolio of software and services that delivers enterprise management and collaborative supply chain solutions to the global marketplace. American Software operates three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting. The SCM segment consists of Logility, Inc. (Logility), which provides collaborative supply chain solutions for forecasting, production, distribution and management of products between trading partners. The ERP segment consists of American Software ERP, which provides purchasing and materials management, customer order processing, financial, e-commerce, flow manufacturing and manufacturing solutions, and New Generation Computing (NGC), which provides business software to both retailers and manufacturers in the apparel, sewn products and furniture industries. The IT Consulting segment consists of The Proven Method, Inc., an IT staffing and consulting services firm. The Company also provides support for its software products, such as software enhancements, documentation, updates, customer education, consulting, systems integration services, and maintenance.
Supply Chain Management
The Company�� wholly owned subsidiary Logility provides SCM solutions, an integrated set of supply chain planning, inventory optimization, manufacturing, and transportation and logistics solutions. Logility provides SCM solutions to streamline and optimize the market planning, management, production, and distribution of products for manufacturers, suppliers, distributors, and retailers. As of April 30, 2011, Logility�� customer base is approximately 1,250 companies located in more than 74 countries. Logility markets and sells the Demand Solutions product line to the global small and midsize enterprise (SME) market through the global VAR distribution network of Demand Management, Inc. (DMI). Logility also ! offers the Logility Voyager Solutions suite.
Logility Voyager Solutions is an integrated software suite that provides SCM, including collaborative planning, strategic network design, multi-echelon inventory optimization, optimized supply sourcing, production management, warehouse management, and collaborative logistics capabilities. Logility Voyager Solutions incorporates performance management analytics for decision support for processes, such as demand management, inventory and supply optimization, manufacturing planning and scheduling, transportation planning and management and sales and operations planning (S&OP).
The Logility Voyager Solutions software suite is modular and scalable to meet the management requirements of global organizations involving products with manufacturing or distribution networks. In addition, the Logility Voyager Solutions suite interfaces with a range of existing enterprise applications deployed on a range of technical platforms. Logility Voyager Solutions accelerates S&OP, as well as strategic partner collaboration. Voyager Sales and Operations Planning enables companies to streamline and accelerate the entire S&OP process. Voyager Collaborate enables companies to communicate across their organizations and share supply chain information with external trading partners.
Voyager Fashion Forecasting helps improve profits with capabilities that address the collection launches for fashion-driven businesses. Voyager Demand Planning helps reconcile differences between business planning and detailed product forecasting. Voyager Life Cycle Planning provides control to model each phase in a product�� sunrise-to-sunset lifecycle, including introduction, maturity, replacement, substitution and retirement. Voyager Event Planning integrates marketing strategies with forecasting, distribution and logistics planning to calculate the impact of promotional plans and demand shaping strategies, such as price discounts, coupons, advertising, special pack! aging and! product placement.
Logility Voyager Solutions enables enterprises to set inventory targets at each node of a multi-echelon distribution network to match strategic inventory goals and service levels. Voyager Inventory Optimization optimizes inventory investments across multi-echelon manufacturing and distribution networks to meet business and service level objectives for supply chains with multiple stages of inventory. Logility Voyager Inventory Planning allows enterprises to measure the tradeoff of inventory investment and desired customer service levels.
Logility Voyager Solutions optimizes material, inventory, production and distribution assets by synchronizing supply and demand. Voyager Supply Planning optimizes sourcing and production decisions to balance supply, manufacturing and distribution constraints based on corporate goals. Voyager Replenishment Planning provides visibility of future customer demand, corresponding product and material requirements, and the actions needed to satisfy those demands. Voyager Manufacturing Planning creates optimized constraint-based manufacturing schedules and compares multiple schedule scenarios to determine the optimal trade-off between manufacturing efficiencies, inventory investments and greenhouse gas emissions.
Logility Voyager Solutions provides capabilities for optimizing both warehouse and transportation operations. Voyager WarehousePRO provides shipping and inventory accuracy by optimizing the flow of materials and information through distribution centers. Voyager Transportation Planning and Management provide a multi-modal solution for savings of time, effort and money. It enables automated shipment planning, shipment execution and freight accounting. Demand Solution�� supply chain software provides a transition from spreadsheet management to robust reporting and tracking. Demand Solutions offers two separate product suites: traditional and DSX. The Demand Solutions application suite predict future demand and m! ake infor! med decisions to optimize inventory turns, customer service levels and profitability. Demand Solutions Forecast Management provides a demand planning solution that fits virtually any industry and deploys. Demand Solutions Requirements Planning incorporates collaborative planning capabilities to streamline supply activities from the production line through delivery.
Demand Solutions Collaboration offers a certified collaborative planning, forecasting and replenishment (CPFR) compliant collaborative planning solution that streamlines communications between a company and its customers and suppliers. Demand Solutions Sales & Operations Planning automates and continually analyzes the annual business planning process. Demand Solutions Advanced Planning and Scheduling is a production scheduling solution that supports both the process and discrete enterprise environment and produces accurate schedules taking into account machines, personnel, tooling and inventory constraints. Demand Solutions View (DS View) extends the value of Demand Solutions, empowering users to aggregate, rotate, filter, sort and otherwise manipulate large volumes of data into meaningful information. Demand Solutions Retail Planning enables manufacturers, distributors and retailers to collaboratively produce, ship and replenish product based on point-of-sale (POS) data.
Enterprise Resource Planning
The Company�� enterprise solutions are global solutions that link critical functions throughout an enterprise. The e-Intelliprise solution is a Web-based ERP system that a customer can run over the Internet, Intranet or Extranet utilizing the IBM iSeries servers. This allows functions within the ERP system to be deployed over the Internet using a Webpage capability. The e-Intelliprise solution is a global system, capable of operating in multiple languages and logistical organizations. Its e-applications are solutions for conducting business on the Internet that can Web-enable specific business functions t! hrough in! tegration with existing ERP or legacy systems. The e-applications are available for the applications, which include e-procurement, e-store, e-expenses, e-forms, e-payables, e-receivables, Purchase Order Tracking and Vendor Collaboration, Requisition Tracking, Shipment Tracking, e-process management and e-connect a seamless, XML-enabled data exchange.
The Company�� product line consists of software and services that operate on three strategic computer platforms, which includes IBM System z Mainframe or compatible, IBM System i (AS/400), and Intel-based servers and clients that operate Windows 2000, 2003, XP and Vista. It has written its products in various standard programming languages used for business application software, including ANSI COBOL, Micro Focus COBOL, C, C++, Visual Basic, JAVA, JAVA2 and other programming languages. Many have both on-line and batch capabilities.
IT Consulting
The Proven Method, Inc., the Company�� wholly owned subsidiary, is a technology services firm that specializes in assisting customer base to solve business issues with technology solutions. The solutions the Company provides ranges from Web applications to complex Business Intelligence applications and solutions. Business Intelligence consists of the development and implementation of a reporting process for dealing with data and multiple business entities/components. Its customers are Internet savvy and knowledgeable in wireless solutions, social networking and channeling implementations, server and desktop virtualization, and deployment of interactive applications. The Proven Method has customers, such as Aon, IBM, UPS, Norfolk Southern, Xerox, SunTrust Bank, Coca-Cola Enterprises, Kubota Manufacturing of North America, The Home Depot, AT&T, State of Georgia, CompuCom, Zep Inc, Chick-fil-A, Global Payments, Verizon, Catlin Group Ltd, Federal Home Loan Bank of Atlanta, Fulton Paper, Aaron Rents, AutoTrader.com, Nalco Chemical, Georgia Tech Research Institute and numerous ot! her custo! mers throughout the United States.
The Company competes with SAP, Oracle, Infor, JDA Software and Red Prairie.
Top 10 Income Stocks To Watch For 2014: Sports Direct(SPD.L)
Sports Direct International plc operates as a sports retailer in the United Kingdom and internationally. The company involves in the retail of a range of branded sports and leisure equipment, clothing, footwear, and accessories; wholesale distribution and sale of company?s owned or licensed brands; and licensing of its brands. It offers its products under a mix of owned brands, such as Dunlop, Slazenger, Kangol, Karrimor, Lonsdale, Everlast, and Antigua, as well as under the licensed brand name Umbro; and third party brands, including adidas, Nike, Reebok, and Puma. As of April 24, 2011, the company operated 393 stores in the United Kingdom under the SPORTSDIRECT.com, Field & Trek, Lillywhites, Gilesports, and Hargreaves fascia. The Field & Trek stores sell a range of camping and outdoor equipment, and waterproof clothing and footwear with brands, such as Berghaus, Merrell, and Salomon. In addition, Sports Direct International plc operates owned retail outlets in Belgium, Holland, France, Luxembourg, Slovenia, and Portugal under the Sports Direct brand; Heatons stores under joint ventures with other retailers in Northern Ireland and the Republic of Ireland; and stores within another retailer?s store in Cyprus. Its portfolio of sports and leisure brands also includes Antigua, Carlton, and Donnay. The company was founded in 1982 and is headquartered in Mansfield, the United Kingdom.
Top 10 Income Stocks To Watch For 2014: Benvest New Look Income Fd (BCI.TO)
New Look Eyewear Inc. provides eye care products and services in eastern Canada. It offers high definition digital lenses, frames, and sunglasses, as well as contact lenses. The company also offers eye exams and other eye care services. As of March 31, 2012, it operated 69 corporately owned eye care stores, including 61 in Qu茅bec province and 8 in Ontario region; and an eyewear transformation laboratory. The company was formerly known as Benvest New Look Income Fund and changed its name to New Look Eyewear Inc. in March 2010. New Look Eyewear Inc. is headquartered in Montr茅al, Canada.
Top 10 Income Stocks To Watch For 2014: Techne Corporation(TECH)
TECHNE Corporation develops, manufactures, and sells biotechnology products, and hematology calibrators and controls worldwide. The company?s Biotechnology segment offers proteins, such as cytokines, and enzyme substrates and inhibitors; antibodies, including polyclonal and monoclonal antibodies; immunoassays comprising quantikine kits for the detection of human and animal proteins, and immunoassays that allow researchers to quantify a specific analyte in a biological fluids sample; clinical diagnostic immunoassay kits consisting of erythropoietin, transferrin receptor, and beta2-microglobulin immunoassays for use as in vitro diagnostic devices; flow cytometry products, such as fluorochrome labeled antibodies and kits; intracellular cell signaling products, including antibodies, phospho-specific antibodies, antibody arrays, active caspases, kinases, and phosphatases, and ELISA assays to measure the activity of apoptotic and signaling molecules; and natural and synthetic c hemical compounds for use as agonists, antagonists, and inhibitors of various biological functions by investigators. Its Hematology segment provides whole blood CBC controls controls and calibrators; linearity and reportable range controls for the assessment of the linearity of hematology analyzers for white blood cells, red blood cells, platelets, and reticulocytes; whole blood reticulocyte controls for manual and automated counting of reticulocytes; whole blood flow cytometry controls for the identification and quantification white blood cells; whole blood glucose/hemoglobin control to monitor instruments, which measure glucose and hemoglobin in blood; erythrocyte sedimentation rate control to monitor erythrocyte sedimentation rate tests; and multi-purpose platelet reference controls, such as Platelet-Trol II and Platelet-Trol Extended for use by automated and semi-automated analyzers, which monitor platelet levels. The company was founded in 1976 and is headquartered in M inneapolis, Minnesota.
Top 10 Income Stocks To Watch For 2014: Dynamic Materials Corporation(BOOM)
Dynamic Materials Corporation, together with its subsidiaries, provides explosion-welded clad metal plates, oil field perforating equipment and explosives, and welding services worldwide. It operates in three segments: Explosive Metalworking, Oilfield Products, and AMK Welding. The Explosive Metalworking segment primarily manufactures explosion-welded clad metal plates that are used in the construction of heavy and corrosion resistant pressure vessels, and heat exchangers for oil and gas, alternative energy, chemical and petrochemical, hydrometallurgy, aluminum production, shipbuilding, power generation, and industrial refrigeration industries. This segment sells its products through senior management, direct sales personnel, program managers, and independent sales representatives. The Oilfield Products segment engages in the manufacture, marketing, and sale of perforating explosives and associated hardware, as well as seismic explosives for the oil and gas industry. Its p roducts include shaped charges, detonators, detonating cords, bidirectional boosters, and perforating guns for the perforation of oil and gas wells. This segment offers its products through direct selling, licensed distributors, independent sales representatives, and international distribution centers. The AMK Welding segment provides welding, heat treatment, and inspection services primarily to power turbine manufacturers, and commercial and military aircraft engine manufacturers. The company was formerly known as Explosive Fabricators, Inc. and changed its name to Dynamic Materials Corporation in 1994. Dynamic Materials Corporation was founded in 1965 and is headquartered in Boulder, Colorado.
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