Author Archives: Anthony Simpson

W.W. Grainger Quarter Likely to Fall Short of the Street

April 22, 2014 on , by

W.W. Grainger Quarter Likely to Fall Short of the Street

April 22, 2014 on , by

We expect first-quarter EPS to fall below consensus of $2.97, with a likely range of $2.86-$2.92. Street sales growth consensus of 5%, implying 9% growth in March, looks too high. Although March will benefit from the calendar shift of Good Friday, and weather has been more favorable, 9% growth from 3% growth in January and…

Harvest Capital Credit Corporation Portfolio Still in Ramp-Up Mode

April 22, 2014 on , by

Harvest’s portfolio consisted of 21 different companies, up from 15 in the prior quarter. Second lien senior secured made up 53% of the portfolio and 44% was first lien senior secured. Equity and royalty securities accounted for the remaining 3%. The first lien senior secured mix is up from 39% in the prior quarter, mostly…

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