Tag: BMI
Tribulations of a Meter Reader
by Debra Fiakas CFA Last week Badger Meter (BMI: NYSE) joined a building fraternity: companies reporting strong year-over-year sales growth, but delivering weaker than expected earnings. However, the Badger Meter actually increased earnings by a greater magnitude than it grew sales. The Company reported $83.5 million in net sales, representing 16.3% growth over the same quarter last year. Net income grew by 59.3% year-over-year to $4.6 million or $0.32 per share. As impressive as these results appear to be, the consensus had been for earnings per share of $0.41. The stock declined sharply as investor registered their displeasure...
The Next Economy in 2012: Progress Towards Inflection
Green Alpha Advisors' Annual Client Letter and Portfolio Commentary Garvin Jabusch and Jeremy Deems 2012 saw a return to positive performance for the next economy and for markets overall. Generally, global economic conditions, as indicated by some jobs growth, slowly improving industrial output and a housing rebound, improved marginally, but debt crises in Europe and America, exacerbated by eternal dithering, gamesmanship and posturing by politicians and other policy makers on both continents, kept optimism in check and moderated expectations for growth. With respect to the next economy, though, growth and expectations for growth began showing real signs of building...