StockSelector.com
  Research, Select, & Monitor Friday, August 17, 2018 6:47:39 PM ET  
Trade Ideas The Market Industries Stocks Portfolio

 
Ticker Lookup
Smart & Final Stores, Inc.$7.05$.101.44%

  Quote | Ranking | Chart | Valuations | Sentiment | Industry | News | Earnings | Analysts | More...

Your Target?

 Smart & Final Stores, Inc. Reports Second Quarter 2017 Financial Results
   Tuesday, July 25, 2017 4:15:00 PM ET

Smart & Final Stores, Inc. (the "Company") (SFS ), the value-oriented food and everyday staples retailer, today reported financial results for the fiscal second quarter ended June 18, 2017.

Second Quarter Highlights:

-- Net sales increase of 3.9% to $1,078.3 million

-- Comparable store sales increase of 1.3%

-- Net income of $7.1 million, or $0.09 per diluted share

-- Adjusted net income of $11.0 million, or $0.14 per diluted share

-- Adjusted EBITDA of $48.0 million

"The second quarter marked a return to positive comparable store sales growth, reflecting the expected lessening of pressures from deflation and growth-related sales cannibalization, as well as from customer growth attributable to our strong competitive position," said David Hirz, President and Chief Executive Officer. "We expect sales growth will continue to be supported by the maturation of new stores opened over the past two years, as well as marketing and promotional initiatives aimed at increasing store traffic and building basket size."

Mr. Hirz added, "Smart & Final is well known for meeting the needs of both business and household customers with quality warehouse-club sized and private label products, plus a unique assortment of items for small businesses. We have a differentiated position in our value-priced and convenient stores with strong digital capabilities. With a broad range of online and delivery options to serve our customers, Smart & Final is well positioned for continued success in an evolving marketplace."

In order to aid understanding of the Company’s business performance, it has presented results in conformity with accounting principles generally accepted in the United States ("GAAP") and has also presented EBITDA, adjusted EBITDA, adjusted net income, adjusted net income per share, and adjusted net income per diluted share, which are non-GAAP measures that are explained and reconciled to the comparable GAAP measures in the tables included in this release. Where applicable, the numbers below are first presented on a GAAP basis and then on a non-GAAP adjusted basis.

Fiscal Second Quarter 2017 Financial Results Net sales were $1,078.3 million in the 12-week quarter ended June 18, 2017, representing a 3.9% increase as compared to $1,038.3 million for the same period of 2016. Net sales growth was driven by a 1.3% increase in comparable store sales and from the net sales contribution of new stores. The increase in comparable store sales was attributable to a 1.9% increase in comparable transaction count, partially offset by a 0.6% decrease in comparable average transaction size, including the effect of cannibalization from new stores.

Net sales for Smart & Final banner stores were $836.1 million, a 3.0% increase as compared to $811.8 million for the same period of 2016. Comparable store sales growth for the Smart & Final banner was 1.2% in the second quarter.

Net sales for Cash & Carry banner stores were $242.2 million, a 6.9% increase as compared to $226.5 million for the same period of 2016. Comparable store sales growth for the Cash & Carry banner was 1.8% in the second quarter.

Gross margin was $162.3 million, a 3.2% increase as compared to $157.2 million in the second quarter of 2016. Gross margin rate was 15.0% as compared to 15.1% for the same period of 2016.

Operating and administrative expenses were $143.1 million, a 3.1% increase as compared to $138.8 million for the same period of 2016. This increase was primarily related to expenses associated with the 31 new stores that opened beginning in the second quarter of 2016 through the end of the second quarter of 2017 and related support costs.

Net income was $7.1 million, including the effect of store development expenses, as compared to $7.8 million for the same period of 2016. Net income per diluted share was $0.09 as compared to $0.10 for the same period of 2016.

Adjusted net income was $11.0 million, as compared to $15.5 million for the same period of 2016. Adjusted net income per diluted share was $0.14 as compared to $0.20 for the same period of 2016.

Adjusted EBITDA was $48.0 million as compared to $50.7 million for the same period of 2016.

Fiscal Year-to-date Financial Results In the twenty-four weeks ended June 18, 2017, net sales were $2,045.3 million, an increase of 5.1% as compared to $1,946.7 million in the same period of 2016. Net sales growth was driven by the net sales contribution of new stores, partially offset by a 0.5% decline in comparable store sales. The decline in comparable store sales was attributable to a 0.8% increase in comparable transaction count and a 1.3% decrease in comparable average transaction size.

Net sales for Smart & Final banner stores were $1,601.1 million, an increase of 5.3% as compared to $1,521.1 million in the first half of 2016. Year-to-date comparable store sales for the Smart & Final banner decreased 0.6%.

Net sales for Cash & Carry banner stores were $444.2 million, a 4.4% increase as compared to $425.7 million in the same period of 2016. Year-to-date comparable store sales for the Cash & Carry banner decreased 0.2%.

Net income was $2.5 million, as compared to $6.2 million in the first half of 2016. Net income per diluted share was $0.03 as compared to $0.08 for the same period of 2016.

Adjusted net income was $9.5 million, as compared to $22.1 million in the first half of 2016. Adjusted net income per diluted share was $0.12 as compared to $0.28 in the same period of 2016.

Adjusted EBITDA was $72.4 million, as compared to $85.7 million in the same period of 2016.

Growth and Development During the fiscal second quarter of 2017, the Company opened four new Smart & Final Extra! stores, completed one conversion of a legacy Smart & Final store to the Extra! format, and one relocation. The Company opened one new Cash & Carry store. As of June 18, 2017, the Company operated a total of 313 stores, including 180 Smart & Final Extra! stores, 72 legacy Smart & Final stores and 61 Cash & Carry stores.

Operating Stores at Fiscal Quarter End (June 18, 2017)
                        Smart & Final Banner Stores
                        Extra!  Legacy  Total            Cash & Carry  Total
                        format  format                   Banner Stores Company
End of Fiscal 2016      172     74      246              59            305
New stores              6       -       6                2             8
Relocations, net        1       (1)     -                -             -
Conversions             1       (1)     -                -             -
Store closures          -       -       -                -             -
End of 2nd Quarter 2017 180     72      252              61            313

Leverage and Liquidity As of June 18, 2017, the Company’s debt, net of debt issuance costs, was $665.7 million and cash and cash equivalents were $63.2 million.

As of June 18, 2017, the Company generated cash from operations of $95.1 million and invested $69.5 million in capital expenditures, primarily related to the development of Extra! format stores and to improvements of existing assets.

Outlook The Company is maintaining its previously issued guidance framework for the full year ending December 31, 2017, while narrowing the guidance range for certain elements (as noted in bold type):

Net sales growth                                            5.5% - 6.0%
Comparable store sales growth                               1.0% - 1.5%
Unit growth (new stores)                                    15 Smart & Final Extra!
                                                            4 Cash & Carry
Relocations of existing stores to Extra! format             3 Smart & Final stores
Expansions or conversions of legacy stores to Extra! format 4 to 5 Smart & Final stores
Adjusted EBITDA                                             $185 - $190 million
Adjusted net income                                         $39 - $41 million
Adjusted diluted EPS                                        $0.50 - $0.52
Capital expenditures                                        $120 - $130 million
Fully diluted weighted average shares                       77 million

The above guidance includes certain non-GAAP financial measures (namely adjusted EBITDA, adjusted net income and adjusted net income per diluted share), which exclude certain costs and non-cash costs and provide investors with additional financial measures of the expected operating performance of the Company’s business. The primary factors in reconciling these non-GAAP financial measures to comparable GAAP measures include the following: pre-opening costs associated with new stores of approximately $6 million, non-cash rent related to stores of approximately $4 million and share-based compensation expense of approximately $10 million. The other amounts needed to reconcile these non-GAAP financial measures to comparable GAAP measures cannot be quantified and are not available without an unreasonable effort.

In the third quarter of fiscal year 2017, the Company expects to open 3 new Smart & Final Extra! stores and 2 new Cash & Carry stores.

Fiscal Second Quarter Conference Call The Company will host a conference call today at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss its fiscal second quarter 2017 financial results. To participate in the call, please dial (877) 407-0784 (U.S.) or (201) 689-8560 (International) ten minutes prior to the start time. The conference call can also be accessed on the "Investors" section of the Company’s web site at http://www.smartandfinal-investor.com/ .

For those unable to participate during the live broadcast, a telephonic replay of the call will also be available beginning today at approximately 8:00 p.m. Eastern Time, by dialing (844) 512-2921 (U.S.) or (412) 317-6671 (International) and entering the replay pin number: 13665867. The telephonic replay will be available until 11:59 p.m. Eastern Time, August 8, 2017.

About Smart & Final Smart & Final Stores, Inc. (SFS ), is a value-oriented food and everyday staples retailer, headquartered in Commerce (near Los Angeles), California. The Company offers quality products in a variety of sizes, saving household, nonprofit and business customers time and money. The Company operates 314 grocery and foodservice stores under the "Smart & Final," "Smart & Final Extra!" and "Cash & Carry Smart Foodservice" banners in California, Oregon, Washington, Arizona, Nevada, Idaho, Montana and Utah, with an additional 15 stores in Northwestern Mexico operated through a joint venture. In business for over 145 years, the Company remains committed to giving back to local communities through employee volunteer opportunities and Company donations to local nonprofits.

Forward-Looking Statements Certain statements contained in this release that are not historical information contain forward-looking statements. The forward-looking statements involve risks and uncertainties and actual results may differ materially from those projected or implied. Further, certain forward-looking statements are based on assumptions of future events which may not prove to be accurate. These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "may," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or, in each case, their negative, or other variations or comparable terminology. The Company derives many of its forward-looking statements from its operating budgets and forecasts, which are based upon many detailed assumptions. While the Company believes that its assumptions are reasonable, it is difficult to predict the impact of known factors and, of course, it is impossible to anticipate all factors that could affect actual results. These factors are discussed in the special note concerning "Forward-Looking Statements," "Risk Factors," "Management’s Discussion and Analysis of Financial Condition and Results of Operations," and "Business" sections and elsewhere in the Company’s Annual Report on Form 10-K filed with the Securities and Exchange Commission.

You should keep in mind that any forward-looking statement made by the Company herein, or elsewhere, speaks only as of the date on which made. New risks and uncertainties come up from time to time, and it is impossible for the Company to predict these events or how they may affect it. The Company has no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Smart & Final Stores, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)
(In Thousands, Except Share and Per Share Amounts)
                                      Twelve Weeks Ended                      Twenty-four Weeks Ended
                                      June 18, 2017       June 19, 2016       June 18, 2017       June 19, 2016
Net sales                             $    1,078,287      $    1,038,281      $    2,045,304      $    1,946,734
Cost of sales, buying and occupancy   916,017             881,067             1,749,923           1,661,169
Gross margin                          162,270             157,214             295,381             285,565
Operating and administrative expenses 143,062             138,819             278,736             263,901
Income from operations                19,208              18,395              16,645              21,664
Interest expense, net                 8,335               7,441               16,509              14,752
Equity in earnings of joint venture   47                  284                 214                 728
Income before income taxes            10,920              11,238              350                 7,640
Income tax (provision) benefit        (3,792)             (3,432)             2,186               (1,472)
Net income                            $           7,128   $           7,806   $           2,536   $           6,168
Net income per share:
Basic                                 $             0.10  $             0.11  $             0.04  $             0.08
Diluted                               $             0.09  $             0.10  $             0.03  $             0.08
Weighted average shares outstanding:
Basic                                 72,573,681          73,197,064          72,430,786          73,193,107
Diluted                               76,251,510          78,907,184          76,478,054          78,976,605
Smart & Final Stores, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In Thousands, Except Share and Per Share Amounts)
                                                             June 18, 2017   January 1, 2017
                                                             (Unaudited)
Assets
Current assets:
Cash and cash equivalents                                    $       63,225  $          54,235
Accounts receivable, less allowances of $433 and $434 at
June 18, 2017 and January 1, 2017, respectively              32,988          31,809
Inventories                                                  266,569         278,718
Prepaid expenses and other current assets                    30,086          48,769
Deferred income taxes                                        -               22,105
Total current assets                                         392,868         435,636
Property, plant, and equipment:
Land                                                         9,123           9,106
Buildings and improvements                                   20,468          17,351
Leasehold improvements                                       321,777         301,522
Fixtures and equipment                                       382,168         353,764
Construction in progress                                     18,849          12,110
                                                             752,385         693,853
Less accumulated depreciation and amortization               289,389         249,251
                                                             462,996         444,602
Capitalized software, net of accumulated amortization of
$15,293 and $13,293 at June 18, 2017 and
January 1, 2017, respectively                                15,545          10,392
Other intangible assets, net                                 366,296         369,519
Goodwill                                                     611,242         611,242
Equity investment in joint venture                           14,644          14,366
Other assets                                                 68,796          66,662
Total assets                                                 $  1,932,387    $     1,952,419
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable                                             $     230,786   $        225,227
Accrued salaries and wages                                   33,273          31,933
Accrued expenses                                             86,025          82,925
Current portion of debt, less debt issuance costs            48,531          62,352
Total current liabilities                                    398,615         402,437
Long-term debt, less debt issuance costs                     617,178         616,588
Deferred income taxes                                        108,595         129,902
Postretirement and postemployment benefits                   118,530         121,409
Other long-term liabilities                                  133,693         129,834
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value;
Authorized shares - 10,000,000
Issued and outstanding shares - none                         -               -
Common stock, $0.001 par value;
Authorized shares - 340,000,000
Issued and outstanding shares - 73,972,443 and 72,930,653 at
June 18, 2017 and January 1, 2017, respectively              74              73
Additional paid-in capital                                   504,407         500,666
Retained earnings                                            64,308          65,093
Accumulated other comprehensive loss                         (13,013)        (13,583)
Total stockholders’ equity                                   555,776         552,249
Total liabilities and stockholders’ equity                   $  1,932,387    $     1,952,419
Smart & Final Stores, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(Unaudited)
(In Thousands)
                                                                Twenty-four Weeks Ended
                                                                June 18, 2017          June 19, 2016
Operating activities
Net income                                                      $            2,536     $            6,168
Adjustments to reconcile net income to net cash provided
by operating activities:
Depreciation                                                    25,989                 21,752
Amortization                                                    18,008                 15,035
Amortization of debt discount and debt issuance costs           891                    1,280
Share-based compensation                                        4,304                  3,418
Deferred income taxes                                           524                    (811)
Equity in earnings of joint venture                             (214)                  (728)
Loss on disposal of property, plant, and equipment              14                     65
Asset impairment                                                550                    181
Changes in operating assets and liabilities:
Accounts receivable, net                                        (2,958)                (1,074)
Inventories                                                     12,149                 (11,602)
Prepaid expenses and other assets                               18,318                 2,017
Accounts payable                                                5,559                  18,215
Accrued salaries and wages                                      1,340                  (2,153)
Other accrued liabilities                                       8,128                  8,682
Net cash provided by operating activities                       95,138                 60,445
Investing activities
Purchases of property, plant, and equipment                     (62,646)               (70,346)
Proceeds from disposal of property, plant, and equipment        1,807                  409
Assets acquired in Haggen Transaction                           -                      (2,227)
Investment in capitalized software                              (6,836)                (1,385)
Other                                                           (458)                  (279)
Net cash used in investing activities                           (68,133)               (73,828)
Financing activities
Proceeds from exercise of stock options                         3,626                  1,783
Payment of minimum withholding taxes on net share settlement of
share-based compensation awards                                 (1,524)                (106)
Fees paid in conjunction with debt financing                    (123)                  (133)
Borrowings on bank line of credit                               38,000                 40,000
Payments on bank line of credit                                 (52,000)               (15,000)
Stock repurchases                                               (5,994)                (5,104)
Net cash (used in) provided by financing activities             (18,015)               21,440
Net increase in cash and cash equivalents                       8,990                  8,057
Cash and cash equivalents at beginning of period                54,235                 59,327
Cash and cash equivalents at end of period                      $          63,225      $          67,384
Cash paid during the period for:
Interest                                                        $          11,012      $            7,467
Income taxes                                                    $                   1  $            5,476
Non-cash investing and financing activities
Software development costs incurred but not paid                $               340    $               490
Construction in progress costs incurred but not paid            $            9,634     $          13,542
Smart & Final Stores, Inc. and Subsidiaries
Segment Information
(In Thousands)
                                                 Smart & Final       Cash & Carry          Corporate / Other                Consolidated
Twelve Weeks Ended June 18, 2017
Net sales                                        $         836,134   $         242,153     $                             -  $     1,078,287
Cost of sales, distribution and store occupancy  706,610             207,372               2,035                            916,017
Operating and administrative expenses            107,796             17,441                17,825                           143,062
Income (loss) from operations                    $           21,728  $           17,340    $                 (19,860)       $          19,208
Capital expenditures                             $           33,830  $             3,501   $                     3,057      $          40,388
Twelve Weeks Ended June 19, 2016
Net sales                                        $         811,754   $         226,527     $                             -  $     1,038,281
Cost of sales, distribution and store occupancy  685,129             193,579               2,359                            881,067
Operating and administrative expenses            108,041             15,225                15,553                           138,819
Income (loss) from operations                    $           18,584  $           17,723    $                 (17,912)       $          18,395
Capital expenditures                             $           40,524  $                824  $                     1,470      $          42,818
Twenty-four Weeks Ended June 18, 2017
Net sales                                        $      1,601,103    $         444,201     $                             -  $     2,045,304
Cost of sales, distribution and store occupancy  1,363,402           382,505               4,016                            1,749,923
Operating and administrative expenses            211,702             33,607                33,427                           278,736
Income (loss) from operations                    $           25,999  $           28,089    $                 (37,443)       $          16,645
Capital expenditures                             $           54,804  $             6,374   $                     8,304      $          69,482
Twenty-four Weeks Ended June 19, 2016
Net sales                                        $      1,521,068    $         425,666     $                             -  $     1,946,734
Cost of sales, distribution and store occupancy  1,291,811           364,696               4,662                            1,661,169
Operating and administrative expenses            203,241             30,050                30,610                           263,901
Income (loss) from operations                    $           26,016  $           30,920    $                 (35,272)       $          21,664
Capital expenditures                             $           67,123  $             1,886   $                     2,722      $          71,731

Non-GAAP Financial Measures

To supplement the Company’s financial information presented in accordance with GAAP, the Company uses certain non-GAAP financial measures (namely EBITDA and adjusted EBITDA, adjusted net income, adjusted net income per share, and adjusted net income per diluted share) to evaluate our operating and financial performance and to compare such performance to that of prior periods. We also use these non-GAAP financial measures in making operational and financial decisions and in establishing operational goals. We believe that providing these non-GAAP financial measures to investors, as a supplement to GAAP financial measures, helps investors to (i) evaluate our operating and financial performance and future prospects, (ii) compare financial results across accounting periods, (iii) better understand the long-term performance of our core business and (iv) evaluate trends in our business, all consistent with how management evaluates such performance and movements. The Company defines EBITDA as net income before depreciation and amortization, interest expense and provision for income tax, and adjusted EBITDA as EBITDA adjusted for the items set forth in the table below. The Company defines adjusted net income as net income adjusted for the items set forth in the table below. The Company defines adjusted net income per share as adjusted net income divided by the weighted average basic shares outstanding. The Company defines adjusted net income per diluted share as adjusted net income divided by the weighted average diluted shares outstanding.

Use of these non-GAAP measures may differ from similar measures reported by other companies. Each of these non-GAAP measures has its limitations as an analytical tool, and you should not consider them in isolation or as a substitute for analysis of the Company’s results as reported under GAAP.

The following tables present reconciliations of net income to EBITDA, adjusted EBITDA and adjusted net income, and net income per share to adjusted net income per share and adjusted net income per diluted share, for the twelve-week and twenty-four week periods ended June 18, 2017 and June 19, 2016.

Smart & Final  Stores, Inc. and Subsidiaries
Reconciliation of Net Income to Non-GAAP EBITDA and Adjusted EBITDA
(Unaudited)
(In Thousands)
                                                          Twelve Weeks        Twelve Weeks        Twenty-four        Twenty-four
                                                          Ended June 18,      Ended June 19,      Weeks Ended        Weeks Ended
                                                          2017                2016                June 18, 2017      June 19, 2016
Net income                                                $            7,128  $            7,806  $           2,536  $           6,168
Depreciation and amortization                             22,314              19,253              43,997             36,787
Interest expense, net                                     8,335               7,441               16,509             14,752
Income tax provision (benefit)                            3,792               3,432               (2,186)            1,472
EBITDA                                                    41,569              37,932              60,856             59,179
Adjustments to EBITDA
Net loss from closed stores and exit costs (a)            891                 2,602               1,281              3,738
Loss from asset dispositions (b)                          300                 57                  628                185
Share-based compensation expense (c)                      2,489               1,911               4,304              3,418
Non-cash rent (d)                                         376                 586                 736                834
Pre-opening costs (e)                                     1,190               247                 2,161              437
Costs associated with acquired Haggen store locations (f) 1,201               7,373               2,402              17,950
Other items (g)                                           25                  -                   81                 6
Adjusted EBITDA                                           $           48,041  $           50,708  $         72,449   $         85,747
Smart & Final  Stores, Inc. and Subsidiaries
Reconciliation of Net Income to Non-GAAP Adjusted Net Income
(Unaudited)
(In Thousands, Except Share and Per Share Amounts)
                                                          Twelve Weeks        Twelve Weeks        Twenty-four        Twenty-four
                                                          Ended June 18,      Ended June 19,      Weeks Ended        Weeks  Ended
                                                          2017                2016                June 18, 2017      June 19, 2016
Net income                                                $            7,128  $            7,806  $           2,536  $           6,168
Income tax provision (benefit)                            3,792               3,432               (2,186)            1,472
Income before income taxes                                10,920              11,238              350                7,640
Adjustments to net income
Net loss from closed stores and exit costs (a)            891                 2,602               1,281              3,738
Loss from asset dispositions (b)                          300                 57                  628                185
Share-based compensation expense (c)                      2,489               1,911               4,304              3,418
Non-cash rent (d)                                         376                 586                 736                834
Pre-opening costs (e)                                     1,190               247                 2,161              437
Costs associated with acquired Haggen store locations (f) 1,201               7,373               2,402              17,950
Other items (g)                                           25                  -                   81                 6
Adjusted income tax provision                             (6,365)             (8,546)             (2,422)            (12,107)
Adjusted net income                                       $           11,027  $           15,468  $           9,521  $         22,101
Adjusted Net Income Per Share
Net income per share - basic                              $             0.10  $             0.11  $           0.04   $           0.08
Per share impact of net income adjustments                0.05                0.10                0.09               0.22
Adjusted net income per share - basic                     $             0.15  $             0.21  $           0.13   $           0.30
Net income per share - diluted                            $             0.09  $             0.10  $           0.03   $           0.08
Per share impact of net income adjustments                0.05                0.10                0.09               0.20
Adjusted net income per share - diluted                   $             0.14  $             0.20  $           0.12   $           0.28
Weighted average shares - basic                           72,573,681          73,197,064          72,430,786         73,193,107
Weighted average shares - fully diluted                   76,251,510          78,907,184          76,478,054         78,976,605
(a) Represents costs associated with store closure and exit costs.
(b) Represents non-cash loss associated with asset dispositions and impairment charges.
(c) Represents expenses associated with the Company’s equity-based incentive award program.
(d) Represents non-cash component of recognized rent expense.
(e) Represents new store and relocation opening costs consisting primarily of rent, utilities, distribution, store labor and advertising.
(f) Represents new store and relocation opening costs and non-cash rent related to acquired former Haggen store locations.
(g) Represents severance costs in the twelve-week period ended June 18, 2017 and the twenty-four week periods ended June 18, 2017 and June 19, 2016.

https://mma.prnewswire.com/media/149066/sfs_logo.jpg

View original content with multimedia:http://www.prnewswire.com/news-releases/smart--final-stores-inc-reports-second-quarter-2017-financia

SOURCE Smart & Final Stores, Inc.

https://rt.prnewswire.com/rt.gif?NewsItemId=LA48270&Transmission_Id=201707251615PR_NEWS_USPR_____LA48270&DateId=20170725



Register |  Password |  Feedback |  Copyright |  Usage Agreement |  Privacy Policy |  Advertising |  About Us |  Contact Us |  FAQ 

Past performance is not indicative of future results

StockSelector.com, the StockSelector.com logo, and News Selects are trademarks of StockSelector.com.
Copyright © 1998 - 2018 StockSelector.com. All rights reserved.