CPI Corp. (CPY, Financial) filed Quarterly Report for the period ended 2008-11-08.
CPI Corp. is a holding company engaged through its subsidiaries in the development and marketing of consumer services and related products through a network of centrally-managed small retail locations. CPI Corp. is the exclusive operator of all Sears Portrait Studios in the United States Canada and Puerto Rico. The company provides its customers with a professional portrait studio experience and offers a variety of productstailored to maximize customer satisfaction. CPI Corp. has a market cap of $27.65 million; its shares were traded at around $4.68 with a P/E ratio of 9.09 and P/S ratio of 0.07. The dividend yield of CPI Corp. stocks is 14.99%. CPI Corp. had an annual average earning growth of 1.4% over the past 10 years.
Mr. Mills is entitled to receive a nonstatutory option to purchase 25,000 shares of the Company s common stock at the fair market value on the first day of his employment. The options will vest in three equal increments on the first, second and third anniversaries of his commencement of employment and will thereafter be exercisable provided the stock maintains the following target prices for twenty consecutive trading days: $25 for the first one-third of options; $45 for the second one-third and $65 for the final one-third. The options will expire on the tenth anniversary of the grant date. The options are subject to Mr. Mills continuing employment and the execution and delivery of a nonstatutory stock option agreement.
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Gurus buys and sells of CPY
10-year financial history of CPY.
Insider buys/sells of CPY.
CPI Corp. is a holding company engaged through its subsidiaries in the development and marketing of consumer services and related products through a network of centrally-managed small retail locations. CPI Corp. is the exclusive operator of all Sears Portrait Studios in the United States Canada and Puerto Rico. The company provides its customers with a professional portrait studio experience and offers a variety of productstailored to maximize customer satisfaction. CPI Corp. has a market cap of $27.65 million; its shares were traded at around $4.68 with a P/E ratio of 9.09 and P/S ratio of 0.07. The dividend yield of CPI Corp. stocks is 14.99%. CPI Corp. had an annual average earning growth of 1.4% over the past 10 years.
Highlight of Business Operations:
Market risks relating to the Company s operations result primarily from changes in interest rates and changes in foreign exchange rates and are minimal. At November 8, 2008, the Company s debt obligations have floating interest rates, however, the swap agreement discussed below has effectively fixed the rate on $57.5 million of the debt. The impact of a 1% change in interest rates affecting the Company s debt would increase or decrease interest expense by approximately $485,000. The Company s exposure to changes in foreign exchange rates relative to the Canadian operations is minimal, as Canadian operations constitute only 11.9% of the Company s total assets and 11.9% of the Company s total sales as of and for the forty weeks ended November 8, 2008. The Company s exposure to changes in foreign exchange rates relative to the Mexican operations is minimal, as Mexican operations constitute 1.7% of the Company s total assets and 2.7% of the Company s total sales as of and for the forty weeks ended November 8, 2008.Mr. Mills is entitled to receive a nonstatutory option to purchase 25,000 shares of the Company s common stock at the fair market value on the first day of his employment. The options will vest in three equal increments on the first, second and third anniversaries of his commencement of employment and will thereafter be exercisable provided the stock maintains the following target prices for twenty consecutive trading days: $25 for the first one-third of options; $45 for the second one-third and $65 for the final one-third. The options will expire on the tenth anniversary of the grant date. The options are subject to Mr. Mills continuing employment and the execution and delivery of a nonstatutory stock option agreement.
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Gurus who own CPY
CPY is in the portfolios of Arnold Van Den Berg. More on CPY:Gurus buys and sells of CPY
10-year financial history of CPY.
Insider buys/sells of CPY.
