The PBR1000: The July 2014 Stocks/Commodities Snapshot!

August 6, 2014 by
ID-100130602 up down arrows ddpavumba

Which Arrow Will August Be?

By Larry C. Paxton

The PBR1000 July 2014 Snapshot reflects the latest annual 10-K reports from 2013 and for 2014 through May. There is one still not available for 2013 and the company has filed extensions with the SEC, so we use the 2012 10-K data.

The PBR1000 July 2014 Snapshots reflect the rankings by revenues based on the 10-Ks reported by March 31, 2014. The next rankings update should be with the August Snapshots. The quarterly The PBR1000 By Industry is available, a new The PBR1000 By State will come out during August.

A sample of The PBR1000 May 2014 Snapshot is available for download at the top of the “Sample Snapshots” page.

The tables below are compiled from The PBR1000 July 2014 Snapshot, which now includes 14 reports. Current The PBR1000 Subscribers should have already received these.

The stock exchanges reached record highs during the month, but as stated in our previous post, there was a big “hiccup” on the last day. The bull and bear market people continue to argue strongly their point of view. Hotspot conflicts in Ukraine and Mideast, European banks possibly struggling, the Fed maybe cutting back on its Quantitative Easing program, and  upcoming primaries for the upcoming mid-term elections could have played a part, even though the economy, still regarded as fragile, but still having an upward trend. 

The stock price is for the close of trading on July 31st, Month % Chg is compared to June 30th, YTD % Chg is compared to December 31, 2013, and the 19 Mos % Chg is compared to December 31, 2012.

Table 1: The PBR1000 Stock Price Composite

Company Price
07/31/14		 Mo
% Chg		 YTD
% Chg		 19 Mos
% Chg
The PBR1000 258,240.07 -1.55 4.90 39.84

 

Table 1 Summary: Made up of the sum of the stock prices of the 1,077 companies currently tracked by The PBR1000.

 

Table 2: The PBR1000 Top 5 Month Stock Price % Gainers

Company PBR
Rank		 Symbol Price
07/31/14		 Mo
% Chg		 YTD
% Chg		 19 Mos
% Chg
USEC Inc
 1029 USU 5.69 87.79 -14.05 -57.06
US Steel Corp
 155 X 26.04 28.61 13.53 40.42
URS Corp
 241 URS 45.85 24.91 8.08 45.87
NII Holding
 489 NIHD 0.55 24.60 -75.08 -90.39
Gentiva Health
 941 GTIV 15.06 20.19 45.85 80.10

 

Table 2 Summary: Range was 87.79% to -65.58%. 259 out of 1,077 stock prices were up 0.00% or more, or 24.05% of the companies tracked.

 

Table 3: The PBR1000 Top 5 Year-To-Date Stock Price % Gainers

Company PBR
Rank		 Symbol Price
07/31/14		 Mo
% Chg		 YTD
% Chg		 19 Mos
% Chg
Greenbrier Companies
 933 GBX 64.45 11.89 96.25 298.58
Green Plains Renewable Energy
 661 GPRE 37.49 14.06 93.45 373.96
Hillshire Brands
 571 HSH 62.77 0.75 87.71 123.06
Pilgrim’s Pride
 306 PPC 27.96 2.19 72.06 286.19
Newfield Exploration
 927 NFX 40.30 -8.82 63.62 50.49

 

Table 3 Summary: Range was 96.25% to -88.20%. 573 out of 1,075 stock prices were up 0.00% or more, or 53.30% of the companies tracked.

 

Table 4: The PBR1000 Top 5 18 Months Stock Price % Gainers

Company PBR
Rank		 Symbol Price
07/31/14		 Mo
% Chg		 YTD
% Chg		 19 Mos
% Chg
Fannie Mae 16 FNMA 4.19 7.16 39.20 1,511.54
Freddie Mac 32 FMCC 4.17 8.03 43.79 1,503.85
Tesla Motors
 882 TSLA 223.30 -6.98 48.44 559.29
SunPower Corp
 766 SPWR 36.73 -10.37 23.21 553.56
SunEdison 883 SUNE 20.00 -11.50 53.26 523.05

 

Table 4 Summary: Range was 1,511.54% to -93.10%. 936 out of 1,063 stock prices were up 0.00% or more, or 88.05% of the companies tracked.

 

Table 5: The PBR1000 Selected Stock Exchanges/Commodities

Company Price
07/31/14		 Mo
% Chg		 YTD
% Chg		 19 Mos
% Chg
DJIA 16,563.30 -1.56 -0.08 26.40
NASDAQ 4,369.77 -0.87 4.63 44.72
S&P500 1,930.67 -1.51 4.45 35.37
Gold 1,282.20 -3.39 6.65 -23.77
Silver 20.41 -3.09 5.37 -32.77
Oil 98.17 -6.93 -0.25 4.77

 

Have questions on The PBR1000? Please contact us at Sales@PBRMarketTools.com or call us at 520-282-4100.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.)

(Photo Courtesy of ddpavumba/FreeDigitalPhotos.net)

Filed Under: Snapshots Tagged With: , , , ,

The PBR1000: The CEO Longevity Snapshot-July 2014!

July 16, 2014 by
Many Hands raise high up

Who Wants To Be A The PBR1000 Company CEO?

 

By Greyson Gardlik.

The CEO’s of The PBR1000 companies not only have control over their companies, but in today’s ever changing economy, the CEO’s can affect the entire market. This article will provide some observations on CEO longevity based on a compilation by the PBRMarketTools.com Team, focused on The PBR1000, which currently contains key demographic, financial, industry and people data based on 1,078 of the largest publicly traded with principle offices in the US.

Currently there are only 144 of the 1,078 CEOs that were appointed before the year 2000, which means since the millennia 86.6 percent of the companies have had management changes in this new era of business.  Already through June of this year there have been 59 new CEO appointments, varying across the many different companies including Walmart(PBR1).  Since 2010 almost half of The PBR1000 re-structured their chief management position with 446 new appointments in the past 4.5 years.

By year in descending order here are the current number of CEOs that have been appointed:

  • 2014 (through June 30th) Appointed: 59
  • 2013: 110
  • 2012: 102
  • 2011:  96
  • 2010: 79
  • 2009-2005: 338 (5 years approx. an average of about 68 per year)
  • Before 2005: 289

The company with the longest serving CEO in The PBR1000 is the Founder and Chairman/CEO of L Brands(PBR247), Leslie Wexner, who has been serving since 1963, 51 years.Currently  in The PBR1000 the median year of CEO appointment sits at 2008 for all of the 1,078 companies we follow, which has shifted one year forward from last year’s median of 2007. We also must keep in mind that 521 CEOs, just under half of the 1,078 companies appointed new CEOs between 2009 and June 2014, which could bump the median by the end of the year to 2009.

When looking at the 100 highest revenue-producing companies, 60 of them have replaced their CEO’s during 2009-2014 (June). When looking at the CEO longevity for the companies who didn’t crack the top 100 but fell between $2 billion and $27 billion in revenues for 2013 the median year was 2008 and the average year they were appointed was about 2006. The companies that did below the $2 billion in revenues were similar to the companies who fell between $2 and $27 billion with a median year of 2008 and the average year appointed of about 2006.

For the 100 most profitable companies the data shows that 50 of them have changed management between 2009 -2014 (June).

The companies that did between $50 million and $2.3 billion in profits had a median CEO appointment of 2008 and an average of 2006.

However the companies who were least profitable of The PBR 1000, companies with profits below $50 million, had a median CEO appointment year of 2010 and an average appointment year of about 2008, which is a full two-year jump compared to the median and mean years compared to the data for revenues.

Here are some examples of industries broken down by median CEO appointment year as well as the average CEO appointments for specific sector. These 15 sectors consist of 339 of The PBR 1000 companies.  The information is ordered by SIC numbers, title of sector, number of companies, median CEO appointment year and then average appointment year.

  • SIC 1311, Petroleum & Natural Gas: 25 Companies, 2009, and 2006.
  • SIC 2834, Pharmaceuticals: 17 Companies, 2010, and 2007.
  • SIC 2911, Petroleum Refining: 13 Companies, 2010, and 2007.
  • SIC 3310-3357, Steal Manufacturing: 17 Companies, 2007, and 2006
  • SIC 3670-3690, Electronic Components: 34 companies, 2008.5, and 2007.
  • SIC 3711-3790, Transportation Manufacturing: 41 Companies, 2010, and 2009.
  • SIC 4911, Electric Services: 23 Companies, 2010, and 2009
  • SIC 5600-5661, Retail (Apparel, Family, Shoes): 22 Companies, 2007.5, and 2004
  • SIC 6021, National Banks: 18 Companies, 2009.5, and 2008
  • SIC 6200-6282, Investment Services: 27 Companies, 2005, and 2002.
  • SIC 6798, Real Estate Investment Trusts: 23 Companies, 2004, and 2003.
  • SIC 7011, Hotels/Motels, 12 Companies: 2007, and 2007.
  • SIC 7370-7374, Computer Programing/Software: 35 Companies, 2009, and 2007
  • SIC 7389, Business Services: 16 companies, 2009, and 2007
  • SIC 8050-8090, Hospitals and Healthcare related services: 16 Companies, 2005, and 2004.

Real Estate Investment Trusts, Healthcare and Investment Services are the three sectors that have on average have had their Chief Executives Officers in their positions the longest, which has been about 10-12 years.The top 6 states accounted for 500 of the 1,078 companies and had the following median CEO appointment year, and average CEO appointment year. (State, The PBR1000 company count, median CEO appointment year, and average CEO appointment year):

 

  • California: 115, 2008 and 2006
  • Texas: 108, 2009 and 2007
  • New York: 101, 2007 and 2005
  • Illinois: 66, 2008 and 2007
  • Ohio: 58, 2008.5 and 2007
  • Pennsylvania: 52, 2010 and 2008

When taking a look at the 1,078 companies CEOs and evaluating the gender breakdown, the numbers show that male CEO’s comprise 95.6% or 1,031 out of all 1,078. The median year that male CEOs were appointed was 2008 and the average year of appointment was about 2006. In 2013 there were 105 male CEO’s appointed and so far in 2014 there have been 56 appointed.The median year that female CEO’s were appointed was 2011 with an average year of appointment of about 2010.  In 2013 there were only 6 female CEO’s appointed and so far in 2014 there have only been 3 appointed. This means that the majority of female CEOs are much newer to their positions as Chief Executive Officer than their male counterparts.

More and more companies are changing this key management position in hopes that this strategic decision will help their businesses maintain a competitive advantage in today’s marketplace. Many conclusions can be drawn from the CEO data but you may interpret the data as you see fit. The next report we will provide is an analysis about CEO compensation packages.

More details are available in The PBR1000 Monthly Snapshots which are a series of Microsoft EXCEL worksheets that includes each company’s CEO name, other titles they hold in the company, year and month they became CEO, and a hotlink to a brief biography about them.

(The PBR1000 is the premiere comparative data and reporting service covering over 1,000 of the largest publicly held companies with principle or administration headquarters in the US. These companies generate over $13 trillion in annual worldwide revenues, more than all other companies in the US combined. These are the key drivers in the US and world economies. On a monthly, quarterly, and annual basis several analytical reports in customizable Microsoft Excel format are provided to The PBR1000 subscribers. Users include C-level executives, entrepreneurs,  sales/marketing/advertising professionals, investors/investment advisers, business professors/students, career counselors/job seekers, to name just a few. To order your annual subscription, just go to the PBRMarketTools.com Order page.

The author of this post, Greyson Gardlik, is an intern at PBRMarketTools. He is majoring in business economics and entrepreneurship with a minor in environmental science at the highly acclaimed University of Arizona Eller College of Management.)

Filed Under: Leadership Tagged With: , , , ,

The PBR1000: January Supplemental Reports-Stocks

January 16, 2014 by

Invest Button 87976-20131105

By Larry C. Paxton

The PBR1000 Monthly Update Report for January has some additional supplemental reports available regarding stock performance during 2013, as well as a Marketing Capitalization report. As you can see, it was a banner year for Wall Street and it was hard to pick a losing stock.

As a reminder, The PBR1000 is a data set on over 1,000 of the largest publicly held companies with principal offices in the US. These companies generated $13 trillion in worldwide revenues in 2012. The data set is published monthly as The PBR1000 Monthly Update Report in Microsoft Excel format.

Here are some summaries and comments on the supplemental reports:

– Report 1: The PBR1000 by Stock % Change for the 4th Quarter, 2013. There are 1,073 companies in this report. During this quarter the stock prices of 4 companies more than doubled, 8 companies increased 50% to 100%, 88 companies 25%to 50%, 392 companies 10% to 25%, 395 companies 0% to 10%, 133 companies 0% to -10%, 43 companies from -10% to -25%, 6 companies from -25% to -50%, 4 companies from -50% to -74%. In summary, 887 companies had an increase in stock price, 186 a decrease.  For the quarter the stock price increased 5.70% for the whole data set.

– Report 2: The PBR1000 by Stock % Change 12/31/12 to 12/31/13. There are 1,066 companies in this report. The stock prices of 2 companies increased by over 10 times for the year, Fannie Mae(PBR11) and Freddie Mac(PBR32). Much of this gain was at the end of the year when some heavy investors took the plunge. It should also be noted that AMR Corp, the predecessor organization for new American Airlines Group(PBR108) before its coming out of bankruptcy and merger with US Airways, also had the stock increase by over 10 times. 9 companies had increases of over 250%, 48 companies from 100% to 250%, 260 companies from 50% to 100%, 358 companies from 25% to 50%, 211 companies from 10% to 25%, 87 companies from 0% to 10%, 40 companies from 0% to -10%, 27 companies from -10% to -25%, 27 companies from -25% to -50%, 9 companies from -50% to almost -93%(Exide Technologies(PBR635)). For the 1,066 companies, the overall stock price increased a dramatic 33.13% for the year. A quick summary: Out of 1,066 companies, 973 were above 0%, 93 below. I hope you were in the majority!

– Report 3: By Market Capitalization(MC) on 12/31/13. For The PBR1000 the total MC of 1,073 companies on 12/31/13 was $19.395 trillion. The only company with MC over $500 billion was, of course, Apple(PBR6) at $504 billion. 7 companies had MC from $250 billion to $500 billion, 28 companies from $100 billion to $250 billion, 47 companies from $50 billion to $100 billion, 87 companies from $25 billion to $50 billion, 213 companies from $10 billion to $25 billion, 690 companies with a MC of less than $10 billion.

– Report 4: By Stock Price on 12/31/13. For the 1,074 companies in this report the stock price ranged from $ .24/share for Exide Technologies(PBR635) to, guess who, Berkshire Hathaway(PBR5) at $177,900.00/share. Distribution was as follows: 50 companies with share prices up to $10.00, 169 companies from $10.00 to $25.00/share, 348 companies from $25.00 to $50.00/share, 387 companies from $50.00 to $100.00/share, 97 companies from $100.00 to $250.00/share, 12 companies from $250.00 to $500.00, 6 companies from $500.00 to $1,000.00/share, 4 companies from $1,000.00 to $2,800.00, and, once again, the monstrous Berkshire Hathaway.

It will be interesting to see which companies will rise to the top during 2014 as investment opportunities. The PBR1000 reports can certainly be a useful tool to provide some helpful information for investors to see where the bargains and opportunities are. With stock information as well as a lot of financial information and news briefs, The PBR1000 is also a great tool to help executives, sales and marketing professionals target the best opportunities, compare companies and industries, get bios on key management, and see news highlights.

These supplemental reports are free to The PBR1000 Monthly Update Report subscribers. Please let us know if you are a subscriber and have not received these reports.

Additional supplemental reports will be coming out during January.

(The purpose of The PBR1000 is to provide a wide range of interested people with key demographic, industry, financial, personnel, and comments/news briefs on over 1,000 of the largest publicly traded companies with principal offices in the US, companies that have a huge impact on the US and world economies. This information is updated monthly and published in Excel format as The PBR1000 Monthly Update Report. During a month several supplementary reports are published as well.

Larry C. Paxton is the President/CEO of Pax Business Resources, LLC. PBRMarketTools is the marketing research unit. For several years Larry has worked for and provided products and services to The PBR1000 companies.)

 

 

Filed Under: Research Tagged With: , , , , , , ,

The PBR1000 4th Quarter Rankings: The Race to the Finish!

November 20, 2013 by

Hurdle Race 92784-20131105

By Larry C. Paxton

The PBR1000 Quarterly Rankings Report 2013Q4 was released on October 30th to current subscribers of The PBR1000 and is now available to the general public. Please contact us if you are a subscriber and did not receive the email with the Excel file attached.

The usual questions pop up as we race to the end of the year. Who will have the most revenues and profits? Which companies will have the highest increase in stock prices? How will the retail sector do during the holiday season? What will be the final economic numbers for 2013 and what are the forecasts, or maybe that should be guesses in our still volatile times, for 2014? One of the many purposes of The PBR1000 is to provide some key data to help us with that analysis, and for many of us to help figure out how to position ourselves to be more successful in the future.

Highlights from The PBR1000 Quarterly Rankings Report 2013Q4 include:

  • Most data is through the end of the 3rd calendar quarter, September 30.
  • There are some data and Comments/News Briefs from October.
  • The number of companies included is 1,082.
  • New fields added include the current CEO and the year they became CEO.
  • The CEO name is hotlinked to a brief biography, generally from the corporate website.
  • The “C” column before the “Company Name” column designates the number of comments/news briefs for that company in the “Comments/News Briefs” column.

The Top 10 The PBR1000 Companies by stock price gains year to date are(Name/PBR Ranking/% gain YTD through Sept. 30th/% gain YTD through Nov. 15th):

  • AMR Corp(dba American Airlines)/109/414%/1371%
  • Fannie Mae/11/404%/1169%
  • Freddie Mac/32/385%/1085%
  • SunPower Corp/768/365%/496%
  • Zale Corp/908/270%/285%
  • Rite Aid Corp/104/250%/287%
  • Netflix/588/234%/278%
  • SuperValu/149/233%/179%
  • Best Buy/54/216%/269%
  • Caesar’s Entertainment/291/184%/187%

Similarly, The PBR1000 reports include some stock exchanges and commodities. Percent changes year to date through Sept. 30th and Nov. 15th are:

  • DJIA/15%/22%
  • NASDAQ/25%/32%
  • S&P 500/18%/26%
  • Gold/-21%/-23%
  • Silver/-28%/-32%
  • Oil/9%/0%

The PBR1000 Index is calculated by totaling up stock prices for a period for all companies tracked. Because Berkshire Hathaway(PBR5) has a significant impact on this index it is quoted with and without Berkshire Hathaway(“BH”). It is interesting to compare The PBR1000 Index with the other indices. Here are The PBR1000 index numbers percentage change for September 30, 2013, compared to December 31, 2012:

  • The PBR1000 with BH: 26%
  • The PBR1000 without BH: 23%

Note that percents are expressed in whole numbers. In the actual reports they are rounded to the nearest 2 decimal places.

The following additional reports will be released over the next few weeks, and more are being planned based on The PBR1000 subscriber feedback. These are free for The PBR1000 subscribers and available for a nominal fee for non-subscribers.

  • The PBR1000 Quarterly Rankings Report by Industry
  • The PBR1000 Quarterly Rankings Report by State

Companies removed from The PBR1000 during the 3rd quarter and reason for removal are(In alpha order, Company/PBR 3rd Quarter Rank/Reason):

  • BMC Software/816/Taken private by a consortium of equity companies
  • Gardner Denver/773/Acquired by KKR(PBR259)
  • Smithfield Foods/199/Acquired by Chinese company Shuanghui International
  • TMS International/736/Acquired by the Pritzker Organization
  • Vanguard Health Systems/366/Acquired by Tenet Healthcare(PBR255)

In October and November a lot of activity has already occurred. For example, Dell has gone private, and Office Depot and OfficeMax have merged. Check out The PBR1000 Breaking News on the www.PBRMarketTools.com home page and for recaps on the Blog page.

We are entering the holiday season. We will continue to update the PBRMarketTools homepage with breaking news, make available supplemental reports during the quarter, and look forward to providing the next The PBR1000 Quarterly Rankings Report early in 2014.

Please have a Happy and Blessed Holiday Season!

(The purpose of The PBR1000 is to provide a wide range of interested people  with key demographic, industry, financial, personnel, and comments/news briefs on over 1,000 publicly traded companies with principal offices in the US. This information is updated quarterly and published in Excel format as The PBR1000 Quarterly Rankings Report. During a quarter several supplementary reports are published as well.

Larry C. Paxton is the President/CEO of Pax Business Resources, LLC. PBRMarketTools is the marketing research unit. For several years Larry has worked for and provided products and services to The PBR1000 companies.)

Filed Under: Rankings Tagged With: , , , , , ,

The PBR1000 September 2013 Recap

October 2, 2013 by

Handshake Animation 144794-20131002

By Larry C. Paxton

September was a busy month for The PBR1000. Here are the summaries with links to the the official press releases:

September 30, 2013:
Cooper Tire & Rubber Company(PBR517) stockholders today approved its merger with a wholly owned subsidiary of India’s Apollo Tyres Ltd(NSE: ApolloTYRE), will create the seventh largest tire company in the world. It is a $2.5 billion deal, $35.00/share, and is expected to close by 2013 year end. Click here for the Cooper press release.

September 26, 2013:
eBay Inc(PBR183) to acquire startup mobile payments system and Chicago based Braintree for $800 million, will operate under PayPal. Click here for the eBay press release.

September 26, 2013:
Air Products and Chemicals, Inc.(PBR263) announced that Chairman/CEO John McGlade will retire in 2014 and a new CEO search will commence immediately. Also, the board will be adding three new independent directors. Click here for the Air Products press release.

September 26, 2013:
The acquisition of Smithfield Foods(PBR199) by Chinese company Shuanghui International Holdings Limited is completed. Smithfield shareholders will receive<$34.00/share, and will be de-listed from the NYSE. Click here for the Smithfield press release.

September 25, 2013:
Stryker Corporation(PBR287) is acquiring MAKO Surgical Corporation, the pioneer in robotic assisted orthopedics surgery, for $30/share, $1.65 billion. Click here for the Stryker press release.

September 24, 2013:
Applied Materials, Inc(PBR284) and Tokyo Electron Limited(TSE: 8035) announced an agreement to merge to form a global company involved in semiconductor and display manufacturing technology. The transaction will be an all stock combination with the market capitalization valued at $29 billion. The deal is expected to close mid to second half of 2014. Click here for the Applied Materials announcement.

September 20, 2013:
David Dillon, Chairman/CEO of The Kroger Company(PBR26) to retire in January, 2014, will be succeeded by COO Rodney McMullen.

September 19, 2013:
Agilent Technologies, Inc(PBR350) announces that it will split into two publicly owned companies. Agilent will keep its name for its life sciences, diagnostics, and applied markets business, and a new company, to be named later, for its electronic measurements business. The split should be accomplished by the end of 2014. Click here for the Agilent press release.

September 18, 2013:
EnerSys(PBR786) has entered into an agreement to purchase privately held Purcell Systems, Inc., of Spokane, WA, for $115 million. Purcell has annual revenues of over $100 million. Click here for the EnerSys press release.

September 17, 2013:
Huntsman Corporation(PBR224) is acquiring the Performance Additives and Titanium Oxides businesses of Rockwood Holdings, Inc(PBR592) for $1.1 billion. The deal is expected to close during the first half of 2014. Click here for the Huntsman announcement.

September 16, 2013:
Kennametal Inc(PBR699) has entered into an agreement to acquire the the $340 million/year Tungsten Materials Business unit of Allegheny Technologies Inc.(PBR457) for $605 million. The transaction is expected to close before the end of 2013. Click here for the Kennametal press release.

September 16, 2013:
Packaging Corporation of America(PBR677) will be acquiring Boise Inc(PBR733) for $12.55/share, total deal value of $1.995 billion, inclusive of $714 million of Boise debt. The transaction is expected to close during the 4th quarter of 2013. Click here for the PCA agreement.

September 12, 2013:
Shareholders of computer maker and IT services Dell Inc(PBR45) voted to approve the privatization plan proposed by Chairman/CEO and founder Michael Dell and Silver Lake Partners. The deal is valued at $24.9 billion and is expected to close during the 3rd quarter FY2014. Click here for the Dell announcement.

September 10, 2013:
American Express(PBR85) announced today that it is selling its publishing unit to the Time, Inc. division of Time Warner(PBR95). No terms were announced, the deal is expected to close by year end. Click here for the American Express press release.

September 10, 2013:
Cisco Systems, Inc.(PBR60) announced that it has entered into an agreement to purchase for $415 million the startup WHIPTAIL, a developer of high performance, scalable solid state memory systems. Click here for the Cisco notice.

September 9, 2013:
Molex Inc(PBR594) has agreed to be acquired by the Koch brothers’ private company Koch Industries for $38.50/share, $7.2 billion deal, expected to close by the end of 2013. Click here for the Molex press release.

September 6, 2013:
American Tower Corporation(PBR674) announced it is acquiring MIP Tower Holdings LLC, a private real estate investment trust, and parent of Global Tower Partners, a major owner/operator of communications towers. The deal is valued at $4.8 billion($3.3 billion in cash, $1.5 billion in debt assumption) and is expected to close by the end of 2013. Click here for the American Tower press release.

September 3, 2013:
Microsoft Corporation(PBR34) announced today that it has entered into an agreement to acquire the devices and services business, license patents, and license and use the mapping services of Finland based Nokia Corporation. The deal is valued at $7.2 billion, with the transaction expected to close during the 1st quarter of 2014. Click here for the Microsoft announcement.

September 2, 2013:
Verizon Communications Inc(PBR16) has entered into an agreement with Vodafone Group Plc(London, NASDAQ: VOD) to purchase Vodafone’s US group with the principal asset of 45 percent of Verizon Wireless for $130 billion, consisting primarily of cash and stock. The transaction is expected to close during the 1st quarter of 2014. Click here for the Verizon press release.

September 1, 2013:
Effective today Mario Longhi moves from President/COO to CEO of United States Steel Corporation(PBR136). John Surma moves from Chairman/CEO to Executive Chairman, will retire at the end of the year.

Larry C. Paxton is the President/CEO of Pax Business Resources. PBRMarketTools is the marketing research division. The PBR1000 is a compilation of key demographic, industry, financial, and personnel data, and news summaries, on 1000 of the largest US publicly traded companies. This list is updated four times a year and published in Microsoft Excel format as The PBR1000 Quarterly Progress Reports.

Filed Under: Recaps Tagged With: , , , ,

CEO Longevity in The PBR1000 – September 2013

September 25, 2013 by

Leader Pic 70520-20130920

By Larry C. Paxton

Knowing the characteristics of a company’s leadership can be key to having a higher probability of success when you desire to consult, sell/market to/for, or have an interest in a job at a large company. Here are some observations on CEOs based on a compilation by the PBRMarketTools.com team based on The PBR1000, which currently contains key demographic, financial, industry, and people data on 1002 of the largest publicly traded US corporations. This article will focus on longevity of CEOs in these companies. Additional articles about CEOs will follow in the coming months.

By year in descending order here are the current counts of CEOs who have been appointed:

  • 2013(through August 31): 76 CEOs appointed
  • 2012: 97
  • 2011: 93
  • 2010: 85
  • 2009: 69(420 total over 4 2/3 years, 90 CEO appointments average/year)
  • 2004-2008: 301(5 years, 60 CEO appointments average/year)
  • Before 2004: 281

The longest serving CEO in The PBR1000 is Leslie Wexner, Chairman/CEO and Founder of L Brands (PBR239), serving since 1963.

The median year for the 1002 CEOs is 2007. But keep in mind that 485 CEOs, just under half, took on that position between 2008 and August, 2013.  By the end of 2013 the median year should be 2008.

In terms of revenues in the top 100 companies, basically those who did over $27 billion in FY2012, half of the CEOs came on board between 2009 and the end of August this year. CEOs in companies that did around $1.8 billion to $27 billion had a median start date in 2007, and CEOs in companies that did $1 billion to around $1.8 billion had the longest median appointment year of 2005.

CEOs is some key industries have interesting longevities. Here are some examples:

  • SIC 1520-1540, basically general building contractors, 7 companies, median CEO appointment year: 2003
  • SIC 2000, food and kindred products, 7 companies, 2012
  • SIC 2911, petroleum refining, 13 companies, 2010
  • SIC 3310-3357, steel manufacturing, 17 companies, 2009
  • SIC 3411-3490, basically metal fabrication, 11 companies, 2004
  • SIC 3711-3790, transportation manufacturing, 37 companies, 2009
  • SIC 4512-4522, air transportation, 12 companies, 2004
  • SIC 6200-6282, investment services, 24 companies, 2005
  • SIC 6798, real estate investment trusts, 19 companies, 2002
  • SIC 7011, hotels/motels, 10 companies, 2005
  • Sic 7370-7374, software programming services(Google, Facebook, …), 28 companies, 2008
  • SIC 8050-8090, hospitals and health care related services, 17 companies, 2004

The top 6 states, accounting for 480 of the 1002 The PBR1000 companies, had the following average median CEO appointment year(State, The PBR1000 company count, median CEO appointment year):

  • California, 108, 2007
  • Texas, 102, 2007
  • New York, 98, 2006
  • Illinois, 67, 2008
  • Ohio, 55, 2007
  • Pennsylvania, 50, 2010

Bottom line, by the end of this year, around 50% of CEOs in The PBR1000 will have been in their job for 6 years or less, meaning, of course, the other 50% for 7 years or more.

How does that compare to the average American worker? According to the Employee Benefit Research Institute the median length of time in a job for an American worker in 2012 was 5.4 years, which is slightly more than the 5 years median in 1983.

I’ll let you draw your own conclusions on all this and we will have more reports about CEOs coming out on a regular basis.

More details are available in The PBR1000 CEO Longevity Report which is a series of Microsoft EXCEL worksheets that includes each company’s CEO name, other titles they hold in the company, year they became CEO, and a hotlink to a brief biography about them. Just go to www.PBRMarketTools.com and follow the link to the Order page.

Larry Paxton is the President/CEO and founder of Pax Business Resources, LLC(PBR). www.PBRMarketTools.com is the marketing research arm of the company. In the past he has worked for a couple of The PBR1000 companies and provided a variety of products and services to many of them over the years. PBR is in its 4th year. Larry looks forward to being in that median group of CEOs with 7 years of service or more on the job.

Filed Under: Leadership Tagged With: , , , , ,

The PBR1000 Breaking News Review: July/August, 2013

September 5, 2013 by

Corporate Hand Shake ID-100182354

(Image courtesy of FreeDigitalPhotos.net)

By Larry C. Paxton

The summer months of July and August were busy ones with lots of deals affecting The PBR1000, some of them with some significant controversy. Unless specified otherwise, the ranking(in parentheses after the company name) is based on The PBR1000 3rd Quarter Progress Report. Here’s the recap, sorted by the most recent news date:

August 25, 2013: Amgen Inc(PBR151) to acquire Onyx Pharmaceuticals, Inc(NASDAQ: ONXX, $362 million in revenues in 2012) for $125/share, $10.4 billion all cash deal, expecting to close during early 4th quarter 2013. Will give Amgen some additional cancer medications and research.

August 23, 2013: Steve Ballmer, CEO since 2000 for Microsoft Corporation(PBR34), announced today that he will be retiring sometime within the next 12 months.

August 20, 2013: After filing for protection in January, 2012, today Eastman Kodak Company(PBR527) received approval from the US Bankruptcy Court of its Chapter 11 Reorganization Plan. According to CEO Antonio Perez the goal is to emerge from bankruptcy on September 3, 2013, and focus on being a technology leader serving large and growing commercial imaging markets such as commercial printing, packaging, functional printing, and professional services.

August 7, 2013: AOL Inc(PBR807) to acquire Adap.tv, Inc., a leading global, programmatic video advertising platform for the world’s largest brands, agencies, and publishers. Deal valued at $405 million, $322 million in cash, $83 million in AOL common stock. Deal expected to close during 3rd quarter 2013.

August 5, 2013: The Washington Post Company(PBR542) announced today that Jeff Bezos, founder of Amazon.com, Inc.(PBR47), in a separate personal transaction valued at $250 million, will be acquiring the company. The transaction includes the main paper and some other smaller publications, but not all entities of the company. It is expected that the deal will be completed before the end of 2013.

August 2, 2013: The New York Times Company(PBR870) agreed to sell off its New England Media Group, which includes The Boston Globe and related holdings, to John W. Henry, sports entrepreneur and principal owner of the Boston Red Sox, for $70 million cash. The deal is expected to close in 30-60 days.

July 30, 2013: KKR & Co, LP(PBR258) completes acquisition of Gardner Denver, Inc(PBR773) for $3.9 billion, plus assumption of debt.

July 30, 2013: Community Health Systems(PBR174) to buy Health Management Associates(PBR354) for $13.78/share, deal valued at $7.6 billion, which includes HMA debt of $3.7 billion. Deal expected to close by end of 1st quarter 2014.

July 29, 2013: US drug maker Perrigo(PBR620) to buy Ireland based biotech firm Elan(NYSE: ELN) in $8.4 billion deal.

July 29, 2013: Canadian retailer giant Hudson Bay(parent of Lord & Taylor) to buy Saks, Inc(PBR646) for $2.6 billion.

July 28, 2013: Omnicom Group Inc(PBR182) and Publicis Groupe SA(Paris, France) announce definitive agreement to merge and form Publicis Omnicom Group, a holding company based in the Netherlands with head offices in Paris and New York City. It will be the largest communications, advertising, marketing and digital services company in the world. Transaction valued at $35 billion, expected to close during 4th quarter 2013 or 1st quarter 2014.

July 24, 2013: HanesBrands Inc(PBR489) to buy Maidenform Brands, Inc(NYSE: MFB, $600MM revenues in 2012) for $23.50/share, $575 million total deal value.

July 12, 2013: AT&T(PBR12) reaches agreement to acquire LEAP Wireless(PBR625) for $15/share, $1.2 billion, expected to close in 6-9 months.

July 10, 2013: Japan’s SoftBank Corp completes its $21.6 billion acquisition of Sprint Nextel Corp(PBR83-2Q13), renames it to Sprint Corporation(PBR82), will continue trading under stock symbol S.

July 9, 2013: Kroger Co(PBR26) announced that it is acquiring the upper end 212 store chain Harris Teeter Supermarkets(PBR487) for $49.38/share, $2.44 billion transaction value, to close during 2013.

July 2, 2013: Coinstar, Inc.(PBR807-2Q13), changes name to Outerwall, Inc.(PBR804), still trading on NASDAQ with new symbol OUTR, new website, continues to provide Coinstar, ATM, and RedBox services.

Larry Paxton is the President/CEO of Pax Business Resources, LLC. The marketing research division, www.PBRMarketTools.com, produces the popular The PBR1000 Quarterly Progress Report.

Filed Under: Recaps Tagged With: , , , , , , ,

The PBR1000 2nd Quarter Review

July 15, 2013 by

Activity during the 2nd quarter for The PBR1000 was pretty typical with deals in the media, healthcare, telecom, food processing, and high tech arenas. One of the more intriguing acquisitions is China’s Shuanghui trying to get the US’ Smithfield Foods. It will be interesting to see how the US government impacts this. Of course, Berkshire Hathaway was busy and perhaps we can take some comfort in knowing that when we buy Heinz Ketchup we are now helping support Warren Buffett.

Here’s a recap of the 2nd Quarter activity for The PBR1000, in reverse date order, and all PBR rankings are for the 2nd quarter only:

June 28, 2013: News Corporation(PBR87) completes split into two companies. The successor organizations are 21st Century Fox and News Corp.

June 24, 2013: Tenet Healthcare(PBR258) is acquiring Vanguard Health(PBR402) for $21/share, $1.73 billion, to create the 2nd largest hospital system in the US, behind HCA Holdings(PBR79). Expected to close by the end of 2013.

June 7, 2013: The H J Heinz Co(PBR221) is acquired by Berkshire Hathaway(PBR5) & 3G Capital, $72.50/share, transaction valued at $28 billion.

May 31, 2013: Freeport-McMoran(PBR147) completes the acquisition of Plains Exploration & Production Co(PBR735).

May 29, 2013: China meat producer Shuanghui International offers $34/share, $4.7 billion, to acquire Smithfield Foods(PBR202), the largest pork processor and hog producer in the world.. Expected to close 2nd half of 2013.

May 29, 2013: MidAmerican Energy Holdings, a subsidiary of Berkshire Hathaway(PBR5), signs a definitive agreement to acquire NV Energy(PBR658) for $23.75/share, $10 billion transaction. Expected to close during the 1st quarter of 2014.

May 28, 2013: Fidelity National Financials(PBR341) to acquire Lender Processing Services(PBR872) for $33.25/share, $2.9 billion. Expected to close 4th quarter, 2013.

May 24, 2013: EnergySolutions(PBR926) merges with private equity firm Energy Capital Partners, no longer listed on the NYSE.

May 13, 2013: McGraw-Hill Companies(PBR498) changes name to McGraw Hill Financial after the sale of its McGraw-Hill Education division to Apollo Global Management(PBR682).

May 6, 2013: BMC Software(PBR820) to be acquired by private investment group that includes Bain Capital and Golden Gate Capital and others, for $46.25/share, $6.9 billion. Expected to close by 2013 year end.

May 1, 2013: The merger between Deutsche Telekom/T-Mobile’s T-Mobile USA and MetroPCS Communications(PBR450) is completed, $4.05/share, $1.5 billion transaction value, new unit known as T-Mobile US Inc(NYSE: TMUS).

April 12, 2013: The Metals USA(PBR875) acquisition by Reliance Steel & Aluminum Co(PBR298) is completed.

The PBR1000 3rd Quarter Progress Report should be ready sometime the week of July 22, and there is already a lot of activity just in July already.

Filed Under: Recaps Tagged With: , , , ,
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