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| KOPPERS HOLDINGS, Inc. | (NYSE: KOP)Add to My Watchlist |
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| Fri, Nov 06, 2009 | ||
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Koppers Holdings, Inc. Q3 2009 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you, sir. Operator instructions The first question comes from Ivan Marcuse from KeyBanc Capital Markets. Please go ahead. Ivan Marcuse – KeyBanc Capital Markets Hey guys, how are you doing? Walt Turner Good morning. How are you doing? Ivan Marcuse – KeyBanc Capital Markets All right....
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BNET.com
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| Fri, Nov 20, 2009 | ||
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Koppers Prices Offering of $300 Million 7.875% Senior Notes due 2019 - Marketwire | |
| Thu, Nov 12, 2009 | ||
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Koppers Announces Tender Offer for Its 9 7/8 Percent Senior Discount Notes Due 2014 and Expected Amendment to Credit Agreement - Marketwire | |
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Koppers Announces Proposed Private Offering of $300 Million Senior Notes Due 2019 - Marketwire | |
| Mon, Nov 09, 2009 | ||
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Koppers Extends Sales Contract With BNSF - Marketwire | |
| Thu, Nov 05, 2009 | ||
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Koppers Holdings Inc. Reports Third Quarter 2009 Results
Third Quarter 2009 Sales of $290 Million on Par With Second Quarter Sales; Third Quarter Sales for Carbon Materials & Chemicals Increased 8% From Second Quarter; Third Quarter EPS Increases 40% to $0.80 Over Second Quarter After Benefit of Reduced Tax Rate; Cash on Hand Increases to $131 Million
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Marketwire
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| Fri, Oct 31, 2008 | ||
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Earnings Preview For Nov 3 - 7 - Earnings Preview
Companies that could issue positive surprises include Becton, Dickinson and Company (BDX), SucessFactors (SFSF) and Sunoco (SUN). Penn Virginia Corporation (PVA) could potentially disappoint investors. The Week's Events November has historically been one of the best months for the major markets, according to the[More...]
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| Mon, Aug 11, 2008 | ||
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Periodicals Wrap-Up for Monday, August 11th
Posted By Optiondragon for Myhappytrading.com- The best social network for traders on the internet! Made BY Awesome Traders for Awesome Traders.[More...]
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| Tue, May 27, 2008 | ||
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Periodicals Wrap-Up for Tuesday, May 27th
Submitted By optiondragon
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| Mon, May 05, 2008 | ||
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The Greek's Week Ahead - Linens and Nothing
This week's Chain Store sales report looks to confirm the anecdotal evidence seen at Home Depot, Linen 'n Things, Talbots and others. Also, this week's decision by the ECB might offer insight into the durability of any dollar rally.
Chain store sales should offer no surprise when they disappoint later this week, in our estimation. Linen 'n Things went bankrupt last week, and Home Depot announced the closing of some stores, offering more anecdotal evidence into the trouble ahead for retail. Some would argue that the tax rebate will help, and we agree, but we see only a one quarter benefit. The trouble is longer-term than that, especially if energy and food costs remain so troublesome for Americans, and credit so tight. The Greek has singled out this week's ECB announcement and press conference as the most important event of the week. What the ECB does and says this week has the potential to move the dollar, commodities and stocks. Eurozone regulators are inflation manic at the moment, but they are also well aware of the competitive position of American goods in Europe, and that potential impact to European manufacturing. The consensus sees no move ahead for the ECB and the BOE, but we expect not soon after the Fed turns hawkish or neutral, the ECB will want to hike rates as well to contain inflation upward of 3%. So, dollar enthusiasts should be aware that a rally would most likely be a short-lived event (less than a year). The market closed higher last week and for April, as stronger footing was established by a better than expected Employment Situation Report on Friday. The report indicated that 20,000 jobs were lost, which was better than the 75,000 economists expected, according to Bloomberg’s survey. Also, the unemployment rate fell to 5.0%, from 5.1% in March. Unfortunately the unemployment rate misses the fact that most people are generally not lazy. The number of individuals working part-time for economic reasons, meaning they or their spouse probably lost their full-time job, increased by 306K in April, and it measured 849K more than a year ago. These under-employed individuals, while not considered jobless, are certainly having a tougher time making ends meet. Thus, the data offers a falsely positive indicator for the near-term economy. Even so, the growth in Q1 GDP reported earlier last week was also more enthusing to see than contraction would have been, and gave stocks even more reason to seek higher ground. Tax rebate checks have started rolling out, and offer tax paying consumers a chance to catch their breath in the near-term. If the government’s other intense election-year actions help the economy gain traction before too long, we’ll have to offer Bush, the Dems, Paulson and Bernanke and company kudos for staving off a deeper economic downturn than would resulted otherwise. The Week Ahead This week contains important reports concerning the housing and retail industries, as well as noteworthy news from Europe. Monday A significantly lighter load of economic data is in store this week, and Monday's schedule holds just one item. At 10:00 a.m., the Institute for Supply Management reports its Non-Manufacturing Survey. While Barron's notes expectations at Lehman Brothers for an ISM service sector measure indicative of economic expansion (+50.0), Bloomberg's survey of economists has set expectations for a reading of 49.3, just below the breakeven point. Bernanke looks to start his post FOMC meeting tour, beginning with a Columbia Business School dinner. Markets will be closed on Monday in Australia, Japan, South Korea and the U.K. As earnings season remains hot and heavy, Monday's schedule includes Goldcorp ( Tuesday On Tuesday, we advise investors pay attention to the weekly same-store sales report from the International Council of Shopping Centers – UBS. Last week’s report showed growth of 0.9%, but the week before that posted the first year-over-year decrease in our memory, as sales fell 0.7%. Just last year, sales growth was running at a pace of 2%-3%. While the Japanese market remains closed, Australian bankers will announce their latest rate decision. The Bank of Australia is expected to keep rates steady. In the States, Kansas City Fed President Hoenig keeps the Fed post-FOMC tour rolling with his address in Colorado. Democratic state primaries are scheduled in North Carolina and Indiana. Some would argue that it was South Carolina that set the wheels of change in motion for Barack Obama, and so perhaps it's appropriate that North Carolina can complete it; however, NC is a very different state and Bill Clinton is a very different campaign factor now. Up on Capitol Hill, the Senate Banking Committee is working on a bill to create a new regulator to watch over Fannie Mae ( Fannie Mae ( Wednesday Wednesday offers a busy one for economic news, and some of it capable of moving the market. Before the open, the Mortgage Bankers' Association will report its weekly take on mortgage activity. This report has been sort of a nonfactor of late, because until it and other housing data indicate a housing market turn in earnest, investors are just not going to find value here. We have noted in the past that mortgage rates have started to reflect increased expectations for inflation, and so some of the anticipated impact to housing from the rate cuts (in isolation) has been offset. At 8:30 on Wednesday, Q1 Productivity and Costs will be noted. Pay attention to late coming reports and revisions, especially those that play a role in the GDP calculation. Economists will be adjusting their forecast for GDP ahead of its reported revision this month. Nonfarm productivity is seen improving by 1.7% in Q1, after an increase of 1.9% in Q4 2007. Unit Labor Costs, the more important part of this report now due to its contribution to inflation, is seen increasing 2.6% in Q1, after an increase of 2.6% in Q4. We expect this figure to decrease in future quarters as lower cost workers replace higher paid legacy employees. This has been a staple factor in the cost reduction efforts at General Motors ( The stock market has proven resilient to recently deteriorating housing data, and it will get another resiliency test on Wednesday when the Pending Home Sales Index is reported for March. February’s report displayed a decrease of 1.9% from January. While many economists are pointing toward another double digit decline in home values before we touch bottom, and we agree values must still adjust lower, major media has started to pick up on vulture investing opportunities in the foreclosure market. However, if the foreclosure market is getting so much attention, this says something about the still wary buyers in the general real estate market. It's hard to overspend in the foreclosure space, if you do your research and do not enter into a contract for a home loan involving a property that has other liens against it. In other words, do you homework. Petroleum Status is on tap for its regular 10:30 reporting. Last week, a precipitous decline was offset by Turkish bombing of Kurd positions. Thus, you can expect oil to start lower again this week, but The Greek is on record warning about future ECB actions and how they might some day end this dollar rally. If the ECB raises rates, a real possibility, look for dollar enthusiasts to get a slap in the face, and commodity bears also. Still, everything depends on that ECB decision and press conference on Thursday, and the most important thing you can do on Thursday is pay attention to that news flow. With Congress coming down on credit card companies, and rightly so, the Consumer Credit Report should get more interesting in the near future. Many of you may not be aware of credit card company roughhousing, so we'll inform. When the less fortunate get into a bind and fall behind a payment or two, the credit card companies tighten the noose around the borrower's neck, often times raising the APR on consumer credit above 30%. This places the borrower into a deeper hole he often cannot get out of, outside of settling on partial payment or declaring bankruptcy, both detrimental to credit record. And many poor folk don't even understand their options and continue to struggle month to month, paying late fees, over the limit fees and a plus 30% interest rate. This highway robbery has to stop, and I don't care if it's in the contract or not. If you tell me you are going to rob, rape and murder me in fine print, that still does not make it okay. Consumer Credit for the month of March is indicated to rise by $6.0 billion when reported on Wednesday afternoon. February credit increased by $5.1 billion, and the rate of credit expansion looks to have decreased this year generally. One will have to wonder if the Antichrist has ushered in the "beast" when Vladimir Putin hands over the Kremlin to Dmitry Medvedev on Wednesday. Medvedev is officially inaugurated on this day, but whether the puppeteer's strings are severed or not is another question. Markets in France will be closed on Wednesday, presumably to make sure all the nuclear energy plants are working properly as Russia prepares to hold Europe hostage for heat and electricity. In the States, a Senate subcommittee considers the Delta-Northwest merger ( Wednesday's earnings schedule includes Croc’s ( Thursday On Thursday, the Chain Store Sales Report for the month of April is likely to offer further verification for what we expect will be an ongoing deterioration of the retail sector in 2008. Supporting anecdotal evidence has been mounting, with news last week that Home Depot ( Last week’s spring economic forecast published by the European Union, brought Europe’s inflation concerns to the fore. Anyone who watches European TV occasionally, like me, knows all about the mania in Europe concerning rising costs. Americans with travel plans across the pond are certainly working the calculator these days, and watching the likelihood of this year’s trip dwindle with each passing day, and each penny the euro strengthens against the dollar. This week, the ECB might put its money where its mouth is, and God forbid, raise European interest rates as it battles the inflation enemy. The ECB and Bank of England will announce their respective rate decisions on Thursday morning. A rate increase would almost surely prove damaging to the dollar, but it's not generally expected. The regular reporting of Weekly Initial Jobless Claims is due for 8:30 release. Bloomberg's consensus of economists forecasts a level of 370K claims this time around, after the measure rated at 380K last week. March Wholesale Trade is due for mid-AM report, and inventories rose 1.1% in February (+0.8% in Jan.) on the wholesale level. The ratio of inventory to sales is more important, and there's been an uptick in the trend recently, indicating the impact of recession or fear of it in product flow and purchases. The long-term trend, however, shows great efficiency gain from improved global distribution, technology and just-in-time production. The weekly Natural Gas Report is on tap for its usual 10:30 notation. In the pending war with Iran, natural gas will be our energy resource of choice. We have nice stores of coal-bed methane in the Colorado Rockies, and plenty of gas in Canada. Coal of course is an important resource in North America as well, if you're forecasting the possibility of serious competition for control of Middle Eastern energy resources. Hey, this is not so far fetched, so fetch your one eyebrow back from that raised position. India is reportedly considering similar protectionist measures to China regarding rice, and so it's becoming plainly obvious that the free market extends only as far as free availability of commodities. Then, we're sorry to say, protectionism and maybe even war become real possibilities... Thursday's earnings include American International Group ( Friday Friday offers two reports, including the International Trade data for starters. The deficit is expected to narrow to $60.8 billion in March. "What about China!", we hear you screaming. Remember, there are important dynamic factors at play now offsetting the global production factor. First of all, with global development comes international demand for U.S. branded goods. If you've ever been to Eastern Europe, you know they'll pay $100+ for a pair of lousy old Levi's. Anything American sells way above value, and they seek "made in America" tags even more intently then super-patriotic types do here. Besides this, of course the decline in the dollar has helped American exporters, and manufacturing is getting a well-publicized boost from it all. Finally, never forget there are two factors to this equation, and when America nears recession, demand for overall goods and services declines, and so import demand wanes. In a report last week, we saw imports and exports both rose recently, but exports exceeded import growth near three-fold. After April ended five consecutive months of stock market decline, expect the RBC Cash Index to begin to show the signs of confidence building. Sure, sure, the little guy is still hoarding cash, but we bet the investments he's buying now include some names he would not have touched months ago. Heck, I bet even SIVs have made some courageous folks some money lately, considering the government's willingness to hold risk. Friday's earnings schedule includes Allianz S.E. ( Please find our daily market commentary and our disclosure at Wall Street Greek. 
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| Mon, Feb 18, 2008 | ||
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The Greek's Week Ahead - Bond Insurers' 11th Hour
The Greek's Week Ahead has been engineered to prepare you for the events that could impact your portfolio this week. Grandpa Buffet came to the rescue last week with an offer to save bond insurers, or so it seemed. The response from the insurers themselves implied good old Warren was actually acting rather selfishly. By mid-week, the focus turned to Bernanke Downer and his mixed message depicting more tough times ahead, but without recession. Alan Abelson pegged Bernanke's motive and mindset perfectly in Barron's this week when he reminded us of Ben's obligation to the man who signed him on, good old GW. Bernanke and especially Hank Paulson acted mainly as presidential cheerleaders for most of last year while the underpinnings of the economy came loose. Finally, before the week was over, we were back to worrying about the bond insurers. Despite the rough close to trading, broad indices mostly gained ground last week. The Dow Jones Industrials and the S&P 500 Index both climbed 1.4%, and the Nasdaq inched up 0.7%. While short interest trended lower, equity mutual funds continued to record outflows of capital. Money funds averaged weekly inflows of $42 billion over the four weeks ended February 13, while equity funds posted average outflows of $12.3 billion. Municipal funds saw net inflows of $919 million on average. Foreign markets rose last week, with the European barometer, the DJ STOXX Index rising 0.6%. Norway led the region, as it increased 5.1%. In Asia, the DJ Asian Titans 50 increased 2.1% on the week, and Singapore led the region's risers as it moved 4.8% higher. India increased 3.0%, while Hong Kong rose 2.5%. However, Shanghai B shares fell 1.9% on the week. Oil prices recorded a noteworthy increase as well, as light sweet crude climbed to $95.5 a barrel. Dramatic Week Awaits The week ahead will be an abbreviated one due to the President’s Day holiday. However brief the week may be, it will not be short on drama. It’s very likely bond insurance providers and other interested parties will work through the long weekend as they seek to find resolution to their dire predicament. New York Governor, Eliot Spitzer, and New York State Insurance Department Superintendent, Eric Dinallo, tightened the clamps on the bond insurance industry last week. Due to their concern that the credit rating agencies might soon downgrade Ambac Financial Group ( Loss of the AAA rating would disable the insurers’ ability to conduct ongoing operations. However, if the municipal insurance business is separated from the parent companies, municipal bond investments would not be at risk. As Dinallo states, the muni-insurance businesses could operate in “rehabilitation” while ironically still maintaining their triple-A status. They would continue to serve their obligations in runoff fashion. Eric Dinallo indicated in a CNBC interview that the insurers have many options, and he seemed to imply there remains a strong likelihood they could continue to operate as they do now with help from the private sector. So, over the weekend the companies will very likely be working to secure new capital investment from current owners like Warburg Pincus (investor in Ambac), or from new equity interests. New investment could arrive from parties who either stand to benefit from securing their own risk or from gaining equity interests at bargain pricing. Institutional investors holding the municipal bonds or otherwise insured credits stand to benefit from aiding the insurers themselves. If the AAA rating is lost, as the underlying securities are likewise revalued, institutional investors face the potential of further asset write-downs themselves. In other words, The Greek would go out on a limb and say investment in ABK and MBI could prove wise a year from now. Investors must realize, however, that any incremental investment dilutes current shareholders’ stakes, and for the gamble to work out, these companies must remain operating as is. The Week's Market-Moving Event Schedule This week offers a relatively light load of economic data, but a busy earnings schedule. Light does not mean inconsequential, however, and some very important data will reach the market. Monday While the U.S. market will be closed in honor of President's Day, and Canada for Family Day, most of the world is open for trade. As you may recall, international market turmoil ruled the day the last time the American markets were closed, which was January's holiday honoring Martin Luther King. This led to an emergency rate cut by the American Fed Chief ahead of the U.S. open on that Tuesday. We later discovered the catalyst of the chaos may have been Societe' Generale rogue trader, Jerome Kerviel. Wall Street will be more than a little edgy this Monday as well if no mitigating resolution has been found to cure what ails the bond insurers. Concerns are raised by the fact that many would-be saviors are already capital constrained due to the subprime debacle. Ironically, these same firms stand to benefit if AAA credit ratings can be preserved at the insurance firms. Still, there are other potential sources, including sovereign wealth funds and vulture investors. There are still a handful of earnings reports on the docket Monday, including Constellation Energy Partners LLC (PCX: CEP), Flagstone Reinsurance Holdings ( Tuesday On Tuesday, the State Street Investor Confidence Index should not surprise many with a low February reading, after a measure of 68.8 in January. After all, on the Friday just passed, the University of Michigan Consumer Sentiment Survey measured at its lowest level in 16 years. In other news, the Housing Market Index will also be reported on Tuesday. God bless… Its last reading in January was a sad 19.0. Minneapolis Fed President Gary Stern will occupy a podium and may catch the newswire's attention. Finally, Presidential primaries will be held in Washington and Wisconsin, while the Democrats caucus in Hawaii. Tuesday earnings schedule is headlined by Barclays Bank PLC ( Others reporting on Tuesday include Aaron Rents ( Wednesday On Wednesday, all eyes will be on the January reading of the Consumer Price Index. The Federal Reserve pays close attention to this report in order to keep tabs on inflation. Despite Fed expectations for beneficiary near-term impact to prices arising from economic softness, import prices posted an increase of 0.6% in January, excluding a 5.5% rise in petroleum costs. In other words, don’t get your hopes up. Bloomberg's consensus of economists is expecting a month-to-month rise of 0.3%, while looking for an increase of 0.2% when excluding food and energy prices. You will not want to miss the weekly ICSC-UBS Same-Store Sales Report, pushed back a day due to holiday. Last week's rate of growth was enthusing, as it showed a sales rise of 1.8%, year-over-year. Petroleum Status is typically pushed back a day during weeks that include a Monday holiday, so this week's report could come on Thursday. Speaking of petroleum, it seems OPEC has been spoiled by rich crude prices. The group was rumored to be considering production cuts despite European GDP growth of 2.3% and surprisingly strong demand from Japan. Informally, shipping information indicates OPEC may already be cutting supply. However, on Saturday OPEC decided to keep production steady, while geopolitical trouble-makers Iran and Venezuela suggested a production cut for March. Regarding Iran, IAEA Director, Mohamed ElBaradei is expected to report on Iran's nuclear activity on Wednesday. January Housing Starts will be reported on Wednesday morning, after missing the mark in December. Bloomberg's survey shows consensus looking for an annual pace of 1.01 million starts this time around. Finally, the Federal Open Market Committee January meeting minutes will be released, and considering the depressing testimony of Fed Chief Bernanke on Thursday, this report should prove mute. St. Louis Fed President William Poole may steal the show, as he speaks on the topic of "Inflation Dynamics." Hey, that sounds a heck of a lot similar to our article regarding inflation. Wednesday's earnings include interesting reports from Aegean Marine Petroleum ( Thursday Thursday brings the Philadelphia Fed Survey, which shows the status of the region’s manufacturing sector. The New York area report on Friday posted a negative 5.75, indicating a contraction of the business environment for the first time since 2005. Just about every aspect of the report showed deterioration, including expectations for future employment. The only rise within the report was in prices paid, and that’s certainly not good. The Philly Fed Survey fell into the red in January, at a negative 20.9, and Bloomberg's consensus sees February's reading at -12.0. Weekly Initial Jobless Claims remain an important blip on the regular radar as we attempt to forecast the onset of recession. The consensus is looking for 348K new benefit claim filings for the week ended February 16. Finally, Leading Economic Indicators for January are likely to follow December’s negative measure, in our view. Hillary Clinton and Barack Obama are scheduled to debate in the important state of Texas on Thursday. The debate is critical to Obama, as we expect Clinton has strong support in Texas. Thursday's earnings schedule includes a pan full of gold miners. Look for reports from Barrick Gold ( Other notable reporters include MGM Mirage ( Friday Friday is devoid of economic reports. The earnings schedule includes Nicor ( Please find our daily market previews and commentary at http://www.wallstreetgreek.com/. Help us grow our grass roots effort by visiting the site, clicking the small envelope at the bottom of this article and sending notice to your friends about the Wall Street Greek value add. Receive Wall Street Greek FREE via email by subscribing here . ( disclosure ) 
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| Mon, Aug 21, 2006 | ||
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Wall Street to Main Street: News, Views and Commentary: August 21, 2006
Anheuser-Busch, Molson Coors, Dril-Quip, Focus Media Holdings, Bebe Stores, L3 Communications
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NAMC Radio
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| Mon, Jun 12, 2006 | ||
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Wall Street to Main Street: News, Views and Commentary: June 12, 2006
Disney, General Motors, Zale Corp, Signet Corp, Broadcom, Energizer Holdings, Nokia, Motorola, Particle Drilling Technology, Isolagen Inc
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NAMC Radio
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| Conference Calls for KOP |
| 11/05/09 |
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Q3 2009 Earnings
Archive for KOP |
| 08/06/09 |
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Q2 2009 Earnings
Archive for KOP |
| 05/07/09 |
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Q1 2009 Earnings
Archive for KOP |
| 02/17/09 |
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Q4 2008 Earnings
Archive for KOP |
| 11/06/08 |
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Q3 2008 Earnings
Archive for KOP |
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