This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

DST Systems' CEO Discusses Q3 2011 Results - Earnings Call Transcript

This morning, we made an additional announcement regarding our Board of Directors strategic review process. Before we review our third quarter financial results, I'd like to take a moment to discuss this announcement and our business plan to create additional value for the shareowners.

As you know in August, we announced that our board had retained independent financial and legal advisers to assist in an ongoing review of the company's business plan, its assets and its investment portfolio. With the assistance of our advisers, the board engaged in a comprehensive review process and our Board of Directors unanimously determined that continuing to execute the company's business plan and strategy is in the best interest of DST and all of its shareowners.

Our board is confident that the company's focus on 5 key industry verticals: asset management, brokerage, retirement, insurance and healthcare, as well as the development and delivery of customer communications through both print and electronic media, will enhance that shareowner value.

Our growth strategy is to leverage our technology-differentiated solutions to support our customers' information management, business process and customer relationship needs. We're committed to driving future growth by continuing to increase scale, efficiencies and competitiveness as well as expanding our product and service offerings. We will, of course, continue to explore synergistic acquisitions, strategic partnerships and additional investments in areas that enhance the company's existing technology offerings or to create new solutions that meet customer needs.

As I will discuss shortly in more detail, we recently completed the acquisition of ALPS Holdings, Inc., which broadens the range of products and services DST offers to the investment management and brokerage industries, including a suite of asset servicing and asset gathering solutions. Through this ongoing review, our board concurred with management's plan as reviewed by advisers, which identified strategic opportunities to further strengthen our business, adjust our capital structure and create value for the shareowners. These opportunities include, among others, the monetization of certain of our non-operating assets and investments. The consideration of that monetization will be subject to market timing, pricing and the potential of tax-efficient transactions.

2 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs