In the course of answering investor, media, analyst, and short-seller questions for around five hours, Warren Buffett had a�lot�to say at the annual�Berkshire Hathaway� (NYSE: BRK-A ) (NYSE: BRK-B ) annual meeting.
But was there one thing that stood out as the wisest, best, or most memorable thing that Buffett said this year? To answer that, I turned to my fellow Fools who were in attendance for the Omaha extravaganza.
Brendan Mathews: One of the great fears among Berkshire Hathaway is the future of the company without Warren and Charlie at the helm. In fact, according to Buffett, succession is the No. 1 issue discussed by the board.
At this year's annual meeting, the first investor question was about the future of Berkshire after Warren's inevitable departure. In response, Warren highlighted the subject of Berkshire's unique culture. Culture is hard to measure, and it can't fit in a spreadsheet. For that reason, investors, particularly those with a value bent, often totally ignore it. That's a mistake because it's crucially important, particularly at Berkshire.
Hot Long Term Stocks For 2015: Shoe Carnival Inc (SCVL)
Shoe Carnival, Inc. is a family footwear retailer. The Company offers customers an assortment of dress, casual and athletic footwear for men, women and children with emphasis on national and regional name brands. The Company�� stores averaged approximately 10,800 square feet, ranging in size from 6,000 to 26,500 square feet. As of January 28, 2012, the Company operated 327 stores located across 32 states and offered online shopping at www.shoecarnival.com. Its average store carries approximately 28,500 pairs of shoes in four general categories, such as men��, women��, children�� and athletics. In addition to footwear, its stores carry selected accessory items complementary to the sale of footwear.
The Company operates a single 410,000 square foot distribution center located in Evansville, Indiana. Women��, men�� and children�� non-athletic footwear categories are further divided into dress, casual, sport, sandals and boots. It classifies athletic shoes by functionality, such as running, basketball or fitness shoes. During the fiscal year ended January 28, 2012 (fiscal 2011), athletic styles, including children�� sizes, have represented approximately 50% of its footwear sales.
Advisors' Opinion:- [By Maria Armental and Tess Stynes var popups = dojo.query(".socialByline .popC"); ]
Shoe Carnival Inc.(SCVL) sales were hurt by harsh winter weather conditions and weak traffic, as the company reported a 4% earnings drop for the first quarter. The Indiana footwear and accessories chain’s results missed expectations, and the company issued a weaker projection for the current quarter.
- [By Laura Brodbeck]
Monday
Earnings Releases Expected: FedEx Corporation (NYSE: FDX), Goldmans Stores, Inc. (NASDAQ: GMAN), Thor Industries, Inc. (NYSE, THO), Krispy Kreme Doughnuts, Inc. (NYSE: KKD), Shoe Carnival, Inc. (NASDAQ: SCVL) Economic Releases Expected: Spanish manufacturing PMI, French manufacturing PMI, German manufacturing PMI, eurozone manufacturing PMI, British manufacturing PMI, US ISM manufacturing PMI, Reserve Bank of Australia interest rate decision.Tuesday
- [By Lauren Pollock]
Shoe Carnival Inc.'s(SCVL) fiscal third-quarter earnings slid 11%, with revenue declining due to an unfavorable calendar shift from the previous year.
Best Dow Dividend Companies To Own In Right Now: Accelrys Inc.(ACCL)
Accelrys, Inc. develops and commercializes scientific business intelligence software and solutions in the United States, Europe, and the Asia Pacific. The company offers Pipeline Pilot, Accelrys enterprise R&D platform, which allows users to aggregate, integrate, and mine structured and unstructured scientific data, such as chemical structures, biological sequences, and complex digital images; and filters, normalizes, and performs statistical analysis on the scientific data and provides visual reports to scientists and scientific managers. It also provides computer aided design modeling and simulation software that allows scientists to perform computations of chemical, biological, and materials properties to simulate, visualize, and analyze chemical and biological systems, as well as communicate the results to other scientists; and data management and informatics software to capture, store, manage, and mine scientific data information. In addition, the company offers Enter prise Lab Notebook, which provides a digital environment to plan, execute, record, store, back-up, and share daily research activities; lab execution systems; and content databases to support research activities through a collection of factual databases and reference works. Further, it provides software wrappers that allows customers to run their own algorithms on the company?s R&D platform; enterprise-wide informatics systems, which integrate customers? internal systems with software from various vendors; contract research services; onsite training and implementation, Web-based training, and data migration services; and support services. The company serves pharmaceutical, biotechnology, agricultural, energy, chemicals, aerospace, consumer packaged goods, and industrial product industries, as well as government and academic entities through direct sales force, telesales, and distributors. Accelrys, Inc. was founded in 1993 and is headquartered in San Diego, California.
Advisors' Opinion:- [By Seth Jayson]
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 Accelrys (Nasdaq: ACCL ) , whose recent revenue and earnings are plotted below. - [By Alex Planes]
What: Shares of Accelrys (NASDAQ: ACCL ) are down by over 20% today after the company took a big, ugly swing and a miss on its first-quarter earnings and upcoming guidance.
Best Dow Dividend Companies To Own In Right Now: Peoples Bancorp Inc.(PEBO)
Peoples Bancorp Inc. operates as a holding company for Peoples Bank, National Association that provides financial products and services. It offers commercial and retail banking, insurance, brokerage, and trust services. The company accepts various deposit products, including demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and provides commercial, consumer, and real estate mortgage loans, as well as lines of credit. It also offers debit and automated teller machine (ATM) cards; corporate and personal trust services; safe deposit rental facilities; travelers checks, money orders, and cashier?s checks; and telephone and Internet-based banking services. In addition, the company provides a range of life, health, and property and casualty insurance products; and fiduciary and wealth management services. Further, it offers brokerage services through an unaffiliated registered broker-dealer; and credit cards to consumers and business es, as well as provides merchant credit card processing services through joint marketing arrangements with third parties. The company offers its financial products and services through 47 financial service locations and 40 ATMs in southeastern Ohio, northwestern West Virginia, and northeastern Kentucky. Peoples Bancorp Inc. was founded in 1902 and is based in Marietta, Ohio.
Advisors' Opinion:- [By Marc Bastow]
Marietta, Ohio-based bank holding company Peoples Bancorp (PEBO) raised its quarterly dividend 7% to 15 cents per share, payable on Feb. 18 to shareholders of record as of Feb. 3.
PEBO Dividend Yield: 2.60%
Best Dow Dividend Companies To Own In Right Now: Rimage Corporation(RIMG)
Rimage Corporation provides disc publishing and virtual publishing solutions that enable businesses to deliver digital content to their customers and employees worldwide. Its solutions enable delivery of videos, documents, audio files, and images. The company?s digital publishing solutions archive, distribute, and protect content on CDs, DVDs, and Blu-Ray Discs. It also offers a video platform, which captures, manages, and distributes live and on-demand content. The company, through its joint venture with Taiwan Electronic Data Processing Corporation, also provides Medical Disc System, a medical imaging disc publishing solution. Rimage Corporation was founded in 1978 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By ShadowStock]
RIMG: Rimage Corporation (RIMG)
"Helps businesses deliver digital content directly and securely to their customers, employees and partners"
Market Cap: $83.72M
Enterprise Value: $16.93M
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