The Zacks Analyst Blog Highlights: Gol Linhas Aereas Inteligentes, Boeing,
Copa Holdings, LAN Airlines and Dick's Sporting Goods
CHICAGO, Oct. 3, 2012
CHICAGO, Oct. 3, 2012 /PRNewswire/ -- Zacks.com announces the list of stocks
featured in the Analyst Blog. Every day the Zacks Equity Research analysts
discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include Gol Linhas Aéreas Inteligentes
S.A. (NYSE:GOL), Boeing (NYSE:BA), Copa Holdings SA (NYSE:CPA), LAN Airlines
S.A (NYSE:LFL) and Dick's Sporting Goods Inc. (NYSE:DKS).
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from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Tuesday's Analyst Blog:
GOL to Add 60 More Boeings
razilian low-cost and low-fare airline, Gol Linhas Aéreas Inteligentes S.A.
(NYSE:GOL) recently signed a contract to purchase from Boeing (NYSE:BA) an
additional 60 Boeing 737 MAX Aircraft. To be delivered by 2018, these aircraft
will enable operational efficiency through fleet modernization.
Gol Linhas, over time, has been adopting means to enhance the efficacy of its
fleet in order to boost productivity and occupancy rates in the quarters
ahead. The company targets to achieve a fleet size of 138 by the end of 2012,
136 by 2013 and 140 by 2014. The fleet target for 2014 includes roughly 32
Boeing 737-700 NG and 108 Boeing 737-800 NG aircraft.
Also, of late, the company issued a second series of Guaranteed Notes
amounting to $22.7 million in order to raise money for financing engine
maintenance. The Notes carried an interest rate of 0.85% p.a. The first issue
was worth $39.1 million carrying an interest rate of 1.0% p.a. These notes
with a term period of two years were guaranteed by the Export-Import Bank of
the United States (Ex-Im Bank). The proceeds from both the issues will be used
for funding the maintenance of CFM56-7B engines by Delta TechOps, the
maintenance division of Delta Air Lines.
Furthermore, the company focuses on continuous improvement in the ancillary
services. Such services include extensive e-commerce platform, and offer of
services such as insurance, car rentals and ticket sales from kiosks. These
are expected to reinvigorate customer demand and increase sale.
The Zacks Consensus Estimate for the third quarter of 2012 stands at a loss of
19 cents, representing a year-over-year growth of 82.9%. Estimates for 2012
and 2013 stand at a loss of 96 cents and earnings of 23 cents, respectively,
reflecting a year-over-year growth of 37.5% for 2012 and 124.3% for 2013.
We currently have a Neutral recommendation on GOL. The stock also bears a
Zacks #3 (Hold) Rank. The company's prime competitors Copa Holdings SA
(NYSE:CPA) currently has a Zacks #3 (Hold) Rank and LAN Airlines S.A
(NYSE:LFL) has a Zacks #5 (Strong Sell) Rank.
Dick's Announces More Store Openings
The store expansion strategy of the full-line sporting goods retailer, Dick's
Sporting Goods Inc. (NYSE:DKS), seems achievable as the company made
announcements of five more stores coming up in different locations in the
United States. These stores making show at the Hanover Mall in Hanover,
Massachusetts; Valley Mall in Harrisonburg, Virginia; Las Cruces, New Mexico;
Southside Mall in Oneonta, New York; and Edinger Plaza in Huntington Beach,
California; are slated to open to public on October 3, 2012.
Earlier this month, the company announced the opening of ten new stores at
different locations across the country. The opening of stores remains in sync
with the company's previously announced plan of opening 21 stores in the third
quarter and relocating 3 of them.
For fiscal 2012, the company plans to open approximately 38 Dick's Sporting
Goods stores. Moreover, the company plans to relocate about five Dick's
Sporting Goods stores and one Golf Galaxy store in 2012.
In the long-term, the company aims at opening additional 400 stores, targeting
a total store count of about 900 in the United States.
As of September 21, 2012, Dick's operated 500 stores in 44 states.
Additionally, the company operates 81 Golf Galaxy stores in 30 states.
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