Coleman Cable, Inc. (CCIX) news stock charts
Coleman Cable, Inc. (CCIX) Investment Summary:
Various statements contained in this report, including those that express a belief, expectation or intention, as well as those that are not statements of historical fact, are forward-looking statements. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “should,” or the negative thereof or other variations thereon or comparable terminology. In particular, statements about our expectations, beliefs, plans, objectives, assumptions or future events or performance contained in this report, including certain statements contained in “Business,” “Risk Factors,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f28%2f0000950124-08-001590.html#FIS_BUSINESS"COLEMAN CABLE INC (CCIX:NASDAQ)
Snapshot of COLEMAN CABLE INC (CCIX)
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OPEN
$4.66
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PREVIOUS CLOSE
$4.62
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DAY HIGH
$4.72
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DAY LOW
$4.14
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52 WEEK HIGH
01/20/10 - $4.94
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52 WEEK LOW
04/1/09 - $1.93
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MARKET CAP
69.9M
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AVERAGE VOLUME 10 D
39.8K
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EPS TTM
$0.05
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SHARES OUTSTANDING
16.9M
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CCIX Does Not Pay Dividends
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P/E TTM
78.1x
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| K = Thousands M = Millions B = Billions | ||
Key developments for COLEMAN CABLE INC (CCIX)
Coleman Cable Inc. has priced a private placement offering of an additional $40 million aggregate principal amount of senior notes due 2018. The Additional Notes will mature on February 15, 2018 and interest on the Additional Notes will accrue and be payable semi-annually on each February 15 and August 15, commencing August 15, 2010. Interest will accrue at a rate of 9% per annum. The Additional Notes will yield net proceeds to Coleman Cable of approximately $38.7 million. The company intends to use the funds for repayment of debt incurred to redeem its 9.875% Senior Notes due 2012 and general corporate purposes, including potential acquisitions.
Coleman Cable, Inc. announced that it is planning to offer an additional $40 million aggregate principal amount of its 9% senior notes due 2018. The additional notes will be issued under an indenture, pursuant to which, on February 3, 2010, Coleman Cable issued $235 million 9% senior notes due 2018. Coleman Cable intends to use the net proceeds from this offering for repayment of debt and general corporate purposes, including potential acquisitions. The additional notes will be offered in the United States to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The Additional Notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements.
Coleman Cable, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the quarter, the company reported net loss of $3,333,000 or $0.20 per diluted common share on net sales $140,103,000 against net loss of $34,099,000 or $2.03 per diluted common share on net sales $182,195,000 in the same period of last year. Operating profit was $6,941,000 against operating loss of $42,299,000 in the same period of last year. Pre tax income was $759,000 against pre tax loss of $51,523,000 in the same period of last year. Income before income taxes, adjusted was $3,013,000 against loss before income taxes, adjusted of $15,316,000 in the same period of last year. Adjusted net income was $1,484,000 or $0.09 per diluted common share against adjusted net loss of $10,136,000 or $0.60 per diluted common share in the same period of last year. Adjusted EBITDA was $14,636,000 against adjusted LBITDA of $795,000 in the same period of last year. For the full year ended December 31, 2009, the company reported net loss of $67,019,000 or $3.99 per diluted common share on net sales $504,152,000 against net loss of $28,261,000 or $1.68 per diluted common share on net sales $972,968,000 in the same period of last year. Operating loss was $50,210,000 against $10,133,000 in the same period of last year. Pre tax loss was $71,053,000 against $41,970,000 in the same period of last year. Income before income taxes, adjusted was $696,000 against $1,369,000 in the same period of last year. Adjusted net income was $336,000 or $0.02 loss per diluted common share against adjusted net income of $1,342,000 or $0.08 per diluted common share in the same period of last year. Adjusted EBITDA was $47,902,000 against $59,619,000 in the same period of last year. The company provided earnings guidance for the first quarter of 2010. For the first quarter of 2010, the company is currently targeting diluted adjusted EPS to be in the range of $0.05 to $0.11. On a GAAP basis, the company is currently targeting diluted loss per share to be in the range of $0.30 to $0.18, including a projected loss of approximately $0.30 per diluted share from the February 2010 refinancing of 2012 senior notes. The company expects first-quarter 2010 net sales to be between $140 million and $150 million, adjusted EBITDA to be between $12.5 million and $14.5 million. For the fourth quarter of 2009, the company reported impairment charge of $962,000 against $29,276,000 in the same period of last year.
Coleman Cable, Inc. financial resources
CCIX Competitors
| Company | Last | Change |
| American International Industries Inc | $1.09 USD | 0.00 |
| Belden Inc | $24.06 USD | -0.45 |
| Draka Holding NV | €12.64 EUR | +0.015 |
| General Cable Corp | $28.49 USD | -0.01 |
| Leoni AG | €15.56 EUR | -0.065 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | CCIX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.1x |
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| Price/Book | 13.2x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CCIX |
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CCIX transactions
| Type Date |
Target |
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Private Placement
March 18, 2010 |
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Private Placement
January 20, 2010 |
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More Recent Financial News About Coleman Cable, Inc.
Coleman Cable Announces Pricing of Additional $40 Million Senior Notes Offering
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Coleman Cable, Inc. Announces Additional $40 Million Senior Notes Offering
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COLEMAN CABLE, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement
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InPlay: Coleman Cable priced offering of an additional $40 mln of senior notes due 2018
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Coleman Cable, Inc. Announces Fourth-Quarter 2009 Financial Results
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COLEMAN CABLE, INC. Files SEC form 8-K, Change in Directors or Principal Officers
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COLEMAN CABLE, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhib
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Coleman Cable, Inc. Announces Fourth-Quarter 2009 Financial Results
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Coleman Cable Announces the Completion of Its Previously Announced Cash Tender Offer and Consent Solicitation and the Full Redemption of the Remaining Untendered Notes
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Coleman Cable, Inc. Announces Date for Fourth-Quarter and Year-End 2009 Financial Results Press Release and Conference Call Webcast
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Coleman Cable Announces Closing of Notes Offering
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Coleman Cable Announces Pricing of $235 Million Senior Note Offering
Read article
Coleman Cable Announces the Completion of Its Previously Announced Cash Tender Offer and Consent Solicitation and the Full Redemption of the Remaining Untendered Notes
Read article
Coleman Cable, Inc. Announces Date for Fourth-Quarter and Year-End 2009 Financial Results Press Release and Conference Call Webcast
Read article
Coleman Cable Announces the Completion of Its Previously Announced Cash Tender Offer and Consent Solicitation and the Full Redemption of the Remaining Untendered Notes
Read article
Coleman Cable, Inc. Announces Date for Fourth-Quarter and Year-End 2009 Financial Results Press Release and Conference Call Webcast
Read article
Coleman Cable, Inc. Announces $235 Million Senior Note Offering
Read article
Coleman Cable Announces Pricing of $235 Million Senior Note Offering
Read article
Coleman Cable Announces Closing of Notes Offering
Read article
COLEMAN CABLE, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct Financial Ob
Read article