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
TheStreet Open House

RockTenn Reports Results Third Quarter Fiscal 2012 Earnings Of $0.81 Per Share On Solid Operating Performance And Improving Corrugated Industry Fundamentals

Cash Provided From Operating, Financing and Investing Activities

At June 30, 2012, total debt was $3.36 billion and our Leverage Ratio (as hereinafter defined) was 2.84 times, well below our maximum credit agreement covenant of 3.75 times. Effective for the September 30, 2012 quarter, our maximum credit agreement covenant is 3.5 times. Net debt (as hereinafter defined) decreased by $32.6 million in the June quarter to $3.34 billion. Cash provided by operations was $203.6 million in the third quarter of fiscal 2012, after pension and postretirement funding more than expense of $54.1 million. We invested $146.1 million in capital expenditures and returned $14.2 million in dividends to our shareholders.

Conference Call

We will host a conference call to discuss our results of operations for the third quarter of fiscal 2012 and other topics that may be raised during the discussion at 9:00 a.m., Eastern Time, on July 25, 2012. The conference call will be webcast live with an accompanying slide presentation, along with a copy of this press release, at www.rocktenn.com.

Investors who wish to participate in the webcast via teleconference should dial 888-790-4710 (inside the U.S.) or 773-756-0961 (outside the U.S.) at least 15 minutes prior to the start of the call and enter the passcode ROCKTENN. Replays of the call will be available through August 8, 2012 and can be accessed at 866-351-2785 (U.S. callers) and 203-369-0055 (outside the U.S.).

About RockTenn

RockTenn (NYSE:RKT) is one of North America's leading integrated manufacturers of corrugated and consumer packaging and recycling solutions. RockTenn’s 26,000 employees are committed to exceeding their customers’ expectations – every time. The Company operates locations in the United States, Canada, Mexico, Chile, Argentina and China. For more information, visit www.rocktenn.com.

Cautionary Statements

Statements in this release that do not relate strictly to historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on our current expectations, beliefs, plans or forecasts and use words such as will, estimate, anticipate, project, intend, or expect, or refer to future time periods, and include statements made in this report regarding, among other things our belief that the corrugated industry exhibited improving industry fundamentals as the quarter came to a close constitute forward-looking statements within the meaning of the federal securities laws. These statements are subject to certain risks and uncertainties including with respect to our expectations regarding economic, competitive and market conditions generally; expected volumes and price levels of purchases by customers; fiber and energy costs; costs associated with facility closures; competitive conditions in our businesses and possible adverse actions of our customers, our competitors and suppliers. These expectations are based on assumptions that management believes are reasonable; however, undue reliance should not be placed on these forward-looking statements because these risks and uncertainties could cause actual results to differ materially from those contained in any forward-looking statements. There are many other factors and uncertainties that impact these forward-looking statements that we cannot predict accurately, including our ability to integrate Smurfit-Stone or to achieve benefits from the Smurfit-Stone acquisition, including synergies and performance improvements. Further, our business is subject to a number of general risks that would affect any such forward-looking statements including, among others, decreases in demand for our products; increases in energy, raw materials, shipping and capital equipment costs; reduced supply of raw materials; fluctuations in selling prices and volumes; intense competition; the potential loss of certain key customers; changes in environmental and other governmental regulation; and adverse changes in general market and industry conditions. These risks are more particularly described in our filings with the Securities and Exchange Commission, including under the caption “Business―Forward-Looking Information” and “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2011. The information contained in this release speaks as of the date hereof and we do not undertake any obligation to update this information as future events unfold.

ROCK-TENN COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(UNAUDITED)
(IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
                 
                           
 
FOR THE THREE MONTHS ENDED FOR THE NINE MONTHS ENDED
June 30, June 30, June 30, June 30,
2012 2011 2012 2011
                           
 
NET SALES $ 2,303.2 $ 1,382.1 $ 6,853.8 $ 2,936.1
 
Cost of Goods Sold 1,943.4 1,169.7 5,741.0 2,378.6
                           
 
Gross Profit 359.8 212.4 1,112.8 557.5
Selling, General and Administrative Expenses 229.6 145.3 685.1 316.8
Restructuring and Other Costs, net 13.7 55.5 52.1 62.4
                           
 
Operating Profit 116.5 11.6 375.6 178.3
Interest Expense (26.8 ) (22.8 ) (91.7 ) (55.7 )
Loss on Extinguishment of Debt (0.1 ) (39.5 ) (19.6 ) (39.5 )
Interest Income and Other Income, net 0.2 4.1 1.1 4.1
Equity in Income of Unconsolidated Entities 0.8 0.6 2.9 1.2
                           
 
INCOME (LOSS) BEFORE INCOME TAXES 90.6 (46.0 ) 268.3 88.4
 

Income Tax (Expense) Benefit

(31.3 ) 17.6 (99.5 ) (27.2 )
                           
 
CONSOLIDATED NET INCOME (LOSS) 59.3 (28.4 ) 168.8 61.2
                           
 
Less: Net Income Attributable to Noncontrolling Interests
(1.1 ) (1.7 ) (2.0 ) (4.0 )
                           
 
NET INCOME (LOSS) ATTRIBUTABLE TO ROCK-TENN COMPANY SHAREHOLDERS
$ 58.2 $ (30.1 ) $ 166.8 $ 57.2
                           
 
Computation of diluted earnings (loss) per share under the two-class method (in millions, except per share data):
 
Net income (loss) attributable to Rock-Tenn Company shareholders
$ 58.2 $ (30.1 ) $ 166.8 $ 57.2
Less: Distributed and undistributed income available to participating securities
  -     (0.1 )   (0.6 )   (0.7 )
Distributed and undistributed income (loss) available to Rock-Tenn Company shareholders
$ 58.2   $ (30.2 ) $ 166.2   $ 56.5  
 
Diluted weighted average shares outstanding 72.3 50.7 71.9 43.3
 
Diluted earnings (loss) per share $ 0.81   $ (0.60 ) $ 2.31   $ 1.30  
                                           
 

ROCK-TENN COMPANY
SEGMENT INFORMATION
(UNAUDITED)
(IN MILLIONS)
           
                     
 
FOR THE THREE MONTHS ENDED FOR THE NINE MONTHS ENDED
June 30, June 30, June 30, June 30,
2012 2011 2012 2011
                     
 
NET SALES:
 
Corrugated Packaging $ 1,545.2 $ 734.5 $ 4,573.9 $ 1,142.2
Consumer Packaging 628.9 579.6 1,896.9 1,691.9
Recycling and Waste Solutions 338.9 147.4 964.4 230.1
Intersegment Eliminations (209.8 ) (79.4 ) (581.4 ) (128.1 )
                     
 
TOTAL NET SALES $ 2,303.2 $ 1,382.1 $ 6,853.8 $ 2,936.1
                     
 
SEGMENT INCOME:
 
Corrugated Packaging (1) $ 73.4 $ 24.6 $ 251.4 $ 92.1
Consumer Packaging 83.7 61.1 248.4 193.1
Recycling and Waste Solutions 2.2 4.6 9.9 9.5
                     
 
TOTAL SEGMENT INCOME $ 159.3 $ 90.3 $ 509.7 $ 294.7
                     
 
Restructuring and Other Costs, net (13.7 ) (55.5 ) (52.1 ) (62.4 )
Non-Allocated Expenses (28.3 ) (22.6 ) (79.1 ) (52.8 )
Interest Expense (26.8 ) (22.8 ) (91.7 ) (55.7 )
Loss on Extinguishment of Debt (0.1 ) (39.5 ) (19.6 ) (39.5 )
Interest Income and Other Income, net 0.2 4.1 1.1 4.1
                     
 
INCOME (LOSS) BEFORE INCOME TAXES     $ 90.6     $ (46.0 )     $ 268.3     $ 88.4  
(1)   After $6.7 million of pre-tax losses at our Matane, Quebec containerboard mill in the nine months ended June 30, 2012 and after inventory step-up expense of $0.2 million and $0.6 million pre-tax in the three and nine months ended June 30, 2012, respectively, and $55.4 million pre-tax in the three and nine months ended June 30, 2011.
 
 

ROCK-TENN COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(IN MILLIONS)
                     
           
FOR THE THREE MONTHS ENDED FOR THE NINE MONTHS ENDED
June 30, June 30, June 30, June 30,
      2012   2011     2012   2011
 
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income (loss) $ 59.3 $ (28.4 ) $ 168.8 $ 61.2
 
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization 131.4 73.5 396.7 147.4
Deferred income tax expense 29.9 (17.7 ) 90.7 8.8
Loss on extinguishment of debt 0.1 39.5 19.6 39.5
Share-based compensation expense 9.3 7.2 21.1 16.6
Gain on disposal of plant and equipment and other, net (6.9 ) - (12.9 ) (0.1 )
Equity in income of unconsolidated entities (0.8 ) (0.6 ) (2.9 ) (1.2 )
Settlement of foreign currency hedge and interest rate swaps - 1.7 (2.8 ) 1.7
Pension funding (more) less than expense (54.1 ) (3.1 ) (162.3 ) 5.4
Impairment adjustments and other non-cash items 3.6 3.5 19.1 4.2
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable (9.9 ) (11.3 ) 63.8 (5.8 )
Inventories 65.0 39.3 8.5 30.6
Other assets (11.7 ) 37.6 (44.4 ) 35.7
Accounts payable (9.4 ) 8.1 (35.7 ) 18.8
Income taxes (4.9 ) (54.3 ) 10.6 (53.1 )
Accrued liabilities and other 2.7 50.7 3.5 30.0
                     
NET CASH PROVIDED BY OPERATING ACTIVITIES       203.6       145.7         541.4       339.7  
 
INVESTING ACTIVITIES:
 
Capital expenditures (146.1 ) (48.7 ) (348.3 ) (107.5 )
Cash paid for purchase of businesses, net of cash acquired (33.0 ) (1,301.5 ) (120.5 ) (1,301.5 )
Investment in unconsolidated entities - (0.1 ) (1.7 ) (1.3 )
Return of capital from unconsolidated entities 0.5 0.2 1.6 0.6
Proceeds from sale of property, plant and equipment 4.5 7.0 37.1 7.6
Proceeds from property, plant and equipment insurance settlement 10.2 - 10.2 0.3
                     

NET CASH USED FOR INVESTING ACTIVITIES

      (163.9 )     (1,343.1 )       (421.6 )     (1,401.8 )
 
FINANCING ACTIVITIES:
 
Proceeds from issuance of notes - - 748.9 -
Additions to revolving credit facilities 99.9 340.4 310.6 363.5
Repayments of revolving credit facilities (63.4 ) (250.2 ) (144.3 ) (279.5 )
Additions to debt 30.8 2,842.0 313.8 2,877.0
Repayments of debt (110.6 ) (1,641.6 ) (1,319.3 ) (1,786.1 )
Debt issuance costs (0.8 ) (42.6 ) (6.5 ) (43.1 )
Cash paid for debt extinguishment costs - (37.9 ) (13.9 ) (37.9 )
Issuances of common stock, net of related minimum tax withholdings 2.1 27.9 0.4 24.2
Excess tax benefits from share-based compensation 2.9 6.7 10.8 7.3
Advances from (repayments to) unconsolidated entity (0.7 ) 0.9 (0.3 ) 0.6
Cash dividends paid to shareholders (14.2 ) (7.9 ) (42.4 ) (23.6 )
Cash distributions to noncontrolling interests (0.4 ) (1.0 ) (0.4 ) (4.2 )
                     

NET CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES

      (54.4 )     1,236.7         (142.6 )     1,098.2  
 
Effect of exchange rate changes on cash and cash equivalents (0.7 ) 0.4 0.6 (0.4 )
 
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (15.4 ) 39.7 (22.2 ) 35.7
 
Cash and cash equivalents at beginning of period 34.9 11.9 41.7 15.9
                     
 
Cash and cash equivalents at end of period $ 19.5 $ 51.6 $ 19.5 $ 51.6
                     
 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Income taxes, net of refunds $ 3.6 $ 3.4 $ (13.0 ) $ 19.6
Interest, net of amounts capitalized       15.5       10.8         75.6       42.8  
 
 

ROCK-TENN COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(IN MILLIONS)
           
     
June 30, September 30,
2012 2011
           
 
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 19.5 $ 41.7
Restricted cash 40.6 41.1
Accounts receivable (net of allowances of $23.4 and $30.1) 1,065.9 1,109.6
Inventories 855.5 849.8
Other current assets 104.3 186.7
           
 
TOTAL CURRENT ASSETS 2,085.8 2,228.9
           
 

Property, plant and equipment at cost:

Land and buildings 1,196.9 1,135.1
Machinery and equipment 5,988.0 5,691.1
Transportation equipment 13.4 12.8
Leasehold improvements   18.4     6.9  
7,216.7 6,845.9
Less accumulated depreciation and amortization   (1,632.7 )   (1,318.7 )
Net property, plant and equipment 5,584.0 5,527.2
Goodwill 1,859.1 1,839.4
Intangibles, net 817.9 799.4
Other assets 244.3 171.1
           
 
TOTAL ASSETS $ 10,591.1 $ 10,566.0
           
 

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Current portion of debt $ 257.7 $ 143.3
Accounts payable 758.5 780.7
Accrued compensation and benefits 208.4 220.0
Other current liabilities 219.3 174.3
           
 
TOTAL CURRENT LIABILITIES 1,443.9 1,318.3
           
 
Long-term debt due after one year 3,102.6 3,302.5
 
Pension liabilities 1,249.8 1,431.0
Postretirement medical liabilities 158.1 155.2
Deferred income taxes 907.7 827.1
Other long-term liabilities 173.7 153.3
Redeemable noncontrolling interests 8.5 6.3
 
Total Rock-Tenn Company shareholders' equity 3,546.2 3,371.6
Noncontrolling interests   0.6     0.7  
Total Equity 3,546.8 3,372.3
           
 
TOTAL LIABILITIES AND EQUITY     $ 10,591.1     $ 10,566.0  
 
 

Rock-Tenn Company Quarterly Statistics
                     
Segment Operating Statistics
(Production in Thousands of Tons)
1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter Fiscal Year
 
Containerboard Production (1)

2010

234.2 231.6 243.4 246.1 955.3
2011 246.2 245.5 858.5 1,923.2 3,273.4
2012 1,843.5 1,736.5 1,676.4
 
Recycled Paperboard Production (2)
2010 223.6 227.8 234.2 235.1 920.7
2011 226.7 235.2 239.4 242.0 943.3
2012 227.3 234.6 234.1
 
SBS / SBL Production
2010 85.1 83.5 87.4 84.1 340.1
2011 87.4 86.6 87.3 123.7 385.0
2012 115.2 112.7 118.7
 
Pulp Production
2010 25.6 23.8 24.1 26.1 99.6
2011 23.4 26.2 47.1 101.1 197.8
2012 104.9 83.2 101.9
 
Total Production (3)
2010 568.5 566.7 589.1 591.4 2,315.7
2011 583.7 593.5 1,232.3 2,390.0 4,799.5
2012 2,290.9 2,167.0 2,131.1
 
Mill System Operating Rates
2010 94.2% 95.1% 98.2% 97.1% 96.2%
2011 95.4% 98.3% 96.7% 99.1% 97.9%
2012 96.4% 90.6% 92.4%
 
Fiber Reclaimed and Brokered (4)
2010 222.4 233.7 229.8 220.7 906.6
2011 211.6 213.7 773.9 1,759.6 2,958.8
2012 2,064.5 1,996.9 2,039.7

(1)

  Includes Kraft Paper Production
(2) Recycled paperboard tons produced include coated and specialty paperboard, including gypsum paperboard liner tons produced by Seven Hills Paperboard LLC, our unconsolidated joint venture with Lafarge North America, Inc.
(3) Containerboard, SBS/SBL and Pulp tons produced include the Smurfit-Stone tons beginning May 28, 2011.
(4) Fiber Reclaimed and Brokered tons shipped include the Smurfit-Stone tons beginning May 28, 2011.
 
 

Rock-Tenn Company Quarterly Statistics
             
Segment Operating Statistics (Continued)
(Excluding Display Shipments)

1 st Quarter

2 nd Quarter

3 rd Quarter

4 th Quarter

Fiscal Year

 
Corrugated Containers Shipments - BSF (1) (2)
2010 2.7 2.6 2.9 2.8 11.0
2011 2.6 2.9 9.1 19.3 33.9
2012 19.0 19.1 19.5
 
Corrugated Containers Per Shipping Day - MMSF (1) (2)
2010 43.7 42.4 45.0 43.4 43.6
2011 43.1 45.2 144.7 301.4 134.6
2012 317.2 298.3 309.3
 
Consumer Packaging Converting Shipments - BSF (1)
2010 4.9 4.9 5.1 5.2 20.1
2011 5.0 5.2 5.2 5.3 20.7
2012 5.0 5.2 5.1
 
Consumer Packaging Converting Per Shipping Day - MMSF (1)
2010 78.3 78.7 80.4 82.0 79.9
2011 82.2 83.0 82.1 82.5 82.4
2012 83.5 81.0 80.6
(1)  

MMSF - millions of square feet and BSF - billions of square feet

(2) Corrugated Container Shipments include Smurfit-Stone shipments beginning May 28, 2011.
 
 

Rock-Tenn Company Quarterly Statistics
                     
Segment Sales and Segment Income
(In Millions, except Return On Sales data)
 
1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter Fiscal Year
Corrugated Packaging Segment Sales
2010 $ 180.1 $ 191.0 $ 210.5 $ 219.0 $ 800.6
2011 198.3 209.4 734.5 1,626.5 2,768.7
2012 1,522.8 1,505.9 1,545.2
Corrugated Packaging Intersegment Sales
2010 $ 7.3 $ 8.6 $ 9.6 $ 11.8 $ 37.3
2011 9.4 11.1 21.3 39.9 81.7
2012 32.3 30.8 28.7
Corrugated Packaging Segment Income
2010 $ 35.8 $ 21.9 $ 36.7 $ 49.1 $ 143.5
2011 37.4 30.1 80.0 (1) 153.6 (2) 301.1
2012 109.7 (3) 75.4 (4) 73.6 (5)
Return On Sales
2010 19.9% 11.5% 17.4% 22.4% 17.9%
2011 18.9% 14.4% 10.9% (1) 9.4% (2) 10.9%
2012 7.2% (3) 5.0% (4) 4.8%

(5)

 
Consumer Packaging Segment Sales
2010 $ 497.8 $ 516.9 $ 543.5 $ 574.7 $ 2,132.9
2011 544.5 567.8 579.6 667.9 2,359.8
2012 620.4 647.6 628.9
Consumer Packaging Intersegment Sales
2010 $ 2.8 $ 2.6 $ 3.9 $ 3.7 $ 13.0
2011 3.8 3.9 6.8 9.0 23.5
2012 7.6 6.2 6.1
Consumer Packaging Segment Income
2010 $ 55.1 (6) $ 55.7 (7) $ 69.0 $ 81.9 $ 261.7
2011 71.0 61.0 61.1 82.1 275.2
2012 80.3 84.4 83.7
Return on Sales
2010 11.1% (6) 10.8% (7) 12.7% 14.3% 12.3%
2011 13.0% 10.7% 10.5% 12.3% 11.7%
2012 12.9% 13.0% 13.3%
 
Recycling and Waste Solutions Segment Sales
2010 $ 28.6 $ 44.2 $ 40.7 $ 37.1 $ 150.6
2011 41.9 40.8 147.4 355.8 585.9
2012 329.4 296.1 338.9
Recycling and Waste Solutions Intersegment Sales
2010 $ 5.6 $ 9.0 $ 9.3 $ 8.5 $ 32.4
2011 10.4 10.1 51.3 137.8 209.6
2012 165.0 129.7 175.0
Recycling and Waste Solutions Segment Income
2010 $ 1.2 $ 4.1 $ 2.2 $ 1.5 $ 9.0
2011 2.3 2.6 4.6 5.3 14.8
2012 3.5 4.2 2.2
Return on Sales
2010 4.2% 9.3% 5.4% 4.0% 6.0%
2011 5.5% 6.4% 3.1% 1.5% 2.5%
2012 1.1% 1.4% 0.6%
(1) Excludes $55.4 million of inventory step-up expense.
(2) Excludes $4.0 million of inventory step-up expense.
(3) Excludes $0.4 million of inventory step-up expense.
(4) Excludes $6.7 million of operating losses at the recently closed Matane, Quebec containerboard mill.
(5) Excludes $0.2 million of inventory step-up expense.
(6) Excludes $20.7 million of alternative fuel mixture credit, net of expenses.
(7) Excludes $8.1 million of alternative fuel mixture credit.
 
 

Rock-Tenn Company Quarterly Statistics
             
Key Financial Statistics
(In Millions, except EPS Data)
 
1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter Fiscal Year
 
Net Income (Loss) Attributable to Rock-Tenn Company Shareholders
2010 $ 56.3 $ 32.8 $ 45.1 $ 91.4 $ 225.6
2011 50.3 37.0 (30.1) 83.9 141.1
2012 76.7 31.9 58.2
 
Diluted Earnings (Loss) per Share
2010 $ 1.43 $ 0.83 $ 1.14 $ 2.31 $ 5.70
2011 1.27 0.92 (0.60) 1.17 2.77
2012 1.06 0.44 0.81
 
Depreciation & Amortization
2010 $ 37.5 $ 36.8 $ 36.4 $ 36.7 $ 147.4
2011 36.7 37.2 73.5 130.9 278.3
2012 132.7 132.6 131.4
 
Capital Expenditures
2010 $ 12.3 $ 18.3 $ 30.3 $ 45.3 $ 106.2
2011 28.5 30.3 48.7 91.9 199.4
2012 81.6 120.6 146.1
 
 




3 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,131.97 +100.83 0.59%
S&P 500 1,998.98 +14.85 0.75%
NASDAQ 4,552.7590 +33.8570 0.75%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs