Ticker Shock: TiVo Records Loss, IGT Steps Up Its Game

Glenn Curtis  Mar 03, 2009 11:00 am

Ticker Shock: TiVo Records Loss, IGT Steps Up Its Game
 
Tuesday's top stories and stocks with potential to move.
 

I certainly got my exercise for the day, having put in another half an hour this morning shoveling the white stuff. Let’s just hope that’s it for the season. I don’t know about you, but I’m ready for spring.

Asian markets were lower overnight. The Hang Seng closed down 2.3% while the Nikkei was off less than 1%. Meanwhile, European stocks were a bit of a mixed bag earlier this morning. And here in the US, we're currently trading higher.

Here’s what I’m pay attention to this morning:

TiVo (TIVO):
 The maker of the wondrous device so many couch potatoes (no offense) can’t live without released its fourth-quarter results.

It lost $0.04 a share. That’s a smidge better than the $0.06 loss it put up in the comparable period last year, and much better than the $0.10-a-share loss that analysts had been expecting. Meanwhile, revenues came in at about $59.2 million, which was well north of the roughly $54.7 million the Street had been looking for.

Of course, in the near-term, the company isn’t exactly expected to make big bucks.

Per the release, in the first quarter, it's looking for “a net loss in the range of ($6) million to ($8) million, and Adjusted EBITDA in the range of breakeven to $2 million.”

For fiscal 2010, the Street is looking for a loss of $0.05 a share.

I think TiVo's a decent company, but besides the fourth-quarter beat, there’s nothing telling me that I need to get in now. I’ll revisit the situation in perhaps another month to see if the picture (get it?) has changed or if a potential catalyst has emerged.

Chico’s (CHS)
 The Florida-based retailer turned in some better-than-expected fourth-quarter numbers.

Excluding items, it lost $0.14 a share in the period ended January 31, which was actually a bit better than the $0.17-a-share loss that analysts had been figuring on. Its sales of roughly $373.4 million also appeared to be a bit better than what analysts had forecasted.

Let me also toss in that it was nice to see insiders ponying up for the stock toward the latter part of 2008.  I think that should give those execs ample reason to find ways to enhance shareholder value.

But am I buying the stock on this news? Sorry, Chico's bulls, but no. I think there are better opportunities out there at the present. I’m also not too impressed by the loss the Street expects the company to generate in fiscal year ending January 2010.

If this stock does pop above $5 a share, however, I think there’s a chance that a lot more folks will start paying attention to these guys.
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