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BIOS, INWK, LAYN - Mario Gabelli Update

November 08, 2013 | About:
Sally Jones

Sally Jones

49 followers
The investing phenomenon Mario Gabelli, founder, chairman and CEO of GAMCO Investors, holds a number of stocks at or near a 52-week low, including Layne Christensen Company (NASDAQ:LAYN), InnerWorkings Inc. (NASDAQ:INWK) and BioScrip Inc. (NASDAQ:BIOS), all down between 23% and 60% over 12 months. Check out these three holdings for recent trading action and possible deep value, along with the latest company financials as of the third quarter.

InnerWorkings Inc. (NASDAQ:INWK)

Business Predictability: 2 out of 5 Stars

A marketing company that specializes in branding and print solutions, InnerWorkings Inc. is down 60% over 12 months. The current share price is around $5.63.

The company has a market cap of $286.9 million; its trades with a P/E ratio of 20.50.

The company does not pay a dividend.

Mario Gabelli holds 10,000 shares valued at around $109,000.

As of Sept. 30, 2013, Mario Gabelli took a loss of 48.5% on 10,000 shares at an average price of $10.94. Buying those shares in the first quarter of 2010 at an average price of $5.85, he took a loss of 4%.

His current shares weight his portfolio by 0.0007%.

The company reported financial results for the third quarter of 2013 with a 16% increase in revenue of $232.6 million, up from $199.8 million in the same quarter of 2012. InnerWorks reported adjusted EBITDA at $8.5 million (non-GAAP), down from $11.3 million in the third quarter a year ago. The company’s adjusted operating cash flow of $1.6 million (non-GAAP), was up slightly from $1.4 million in the same quarter of 2012. A company press release reported new enterprise growth was up 10% over the same quarter of last year, with $20 million for the reporting quarter.

Tracking historical share pricing, revenue and net income:

1383869058001.png

BioScrip Inc. (NASDAQ:BIOS)

Business Predictability: 1 out of 5 Stars

A pharmaceutical retailer and provider of home health services, BioScrip Inc. is down 39% over 12 months. The current share price is around $5.77.

The company has a market cap of $390.6 million; its trades with a P/B ratio of 0.97.

The company does not pay a dividend.

Mario Gabelli holds 23,000 shares valued at around $380,000. Over a five-quarter history of losses, Gabelli has averaged a loss of 37% on 24,900 shares bought at an average price of $9.15. Selling 200 shares at an average price of $14.04, he took a loss of 59%.

Gabelli bought 1,700 shares at an average price of $13.73, for a loss of 58% in the third quarter of 2013.

His current shares weight his portfolio by 0.0024%.

The company reported financial results for the third quarter of 2013, with a gross profit of$68.7 million, up from $58 million in the same quarter a year ago. Based the on prior year quarter, BioScrip reported a 22.6% increase in revenue at $38.5 million. The company reported a net loss of $22.4 million for the third quarter, translating to a loss $0.35 in earnings per diluted share. Consolidated adjusted EBITDA for the third quarter was reported as $12.1 million. Adjusted earnings per diluted share for the third quarter were $0.00. The company sold its pharmacy mail operations and community retail pharmacy stores in May 2012, according to a company press release.

Tracking historical share pricing, revenue and net income:

1383870407887.png



Layne Christensen Company (NASDAQ:LAYN)

Business Predictability: 1 out of 5 Stars

A global water management, construction and drilling company, Layne Christensen Company is down 23% over 12 months. The current share price is around $16.52.

The company has a market cap of $328.3 million; its trades with a P/B ratio of 1.04.

The company does not pay a dividend.

Mario Gabelli holds 1,756,862 shares valued at around $34.2 million. Over a five-year history of pure losses, Gabelli has averaged a loss of 26% on 1,734,958 shares at an average price of $22.47. Selling 69,096 shares at an average price of $28.55, he also lost 42%.

Increasing his position by 13.47%, Gabelli last bought 208,500 shares at an average price of $20.31, taking a loss of 18.7% in the second quarter of 2013.

His current shares weight his portfolio by 0.22%.

The company reported financial results for the second quarter fiscal 2014 with revenue of $232 million, down from $288 million in the prior year quarter. The company reported a net income loss of $80.2 million for the reporting quarter, compared to a net income loss of $3.12 million in the same quarter a year ago. The loss per diluted share is $2.92 for the reporting quarter, compared to a loss of $0.40 per share in the same quarter of the fiscal 2013.

Tracking historical share pricing, revenue and net income:

1383867252899.png

The third quarter portfolio of Mario Gabelli’s GAMCO Investors lists 799 stocks, 50 of them new, and a total value of $15.9 billion, with a quarter over quarter turnover at 4%.



Check here for insight into GAMCO Investors (GBL).



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About the author:

Sally Jones
Sally Jones writes about Real Time Picks. She says, "I truly enjoy watching the Gurus in realtime and telling their story."

Rating: 4.5/5 (2 votes)

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