This Day On The Street
Continue to site right-arrow
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
TheStreet Open House

RockTenn Reports Fourth Quarter Fiscal 2012 Results

Stocks in this article: RKT

Cash Provided From Operating, Financing and Investing Activities

At September 30, 2012, total debt was $3.41 billion and our Leverage Ratio (as hereinafter defined) was 2.96 times, well below our maximum credit agreement covenant of 3.75 times. Net debt (as hereinafter defined) increased by $34.6 million in the September quarter to $3.38 billion. Cash provided by operations was $115.3 million in the fourth quarter of fiscal 2012, after pension funding in excess of expense of $143.1 million. We invested $104.1 million in capital expenditures, purchased $17.0 million of previously leased assets, returned $14.1 million in dividends to our shareholders and made final payments of $5.1 million on two prior period acquisitions.

Conference Call

We will host a conference call to discuss our results of operations for the fourth quarter of fiscal 2012 and other topics that may be raised during the discussion at 9:00 a.m., Eastern Time, on November 2, 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 November 16, 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 26,300 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 we expect that by the end of the March quarter we will be realizing most of the anticipated benefit of announced corrugated price increases, including those relating to containerboard, boxes and sheets, and that those increases will be partially offset by lower prices in our consumer segment and higher commodity input costs 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, performance improvements and successful implementation of capital projects. 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 TWELVE MONTHS ENDED
September 30, September 30, September 30, September 30,
2012 2011 2012 2011
               
 
NET SALES $ 2,353.8 $ 2,463.5 $ 9,207.6 $ 5,399.6
 
Cost of Goods Sold 1,933.9 2,029.1 7,674.9 4,407.7
               
 
Gross Profit 419.9 434.4 1,532.7 991.9
Selling, General and Administrative Expenses 242.4 224.4 927.5 541.2
Restructuring and Other Costs, net 23.1 30.9 75.2 93.3
               
 
Operating Profit 154.4 179.1 530.0 357.4
Interest Expense (28.0 ) (33.2 ) (119.7 ) (88.9 )
Loss on Extinguishment of Debt (6.3 ) - (25.9 ) (39.5 )
Interest Income and Other Income (Expense), net 0.2 (19.1 ) 1.3 (15.0 )
Equity in Income of Unconsolidated Entities 0.5 0.3 3.4 1.5
               
 
INCOME BEFORE INCOME TAXES 120.8 127.1 389.1 215.5
 
Income Tax Expense (37.4 ) (42.3 ) (136.9 ) (69.5 )
               
 
CONSOLIDATED NET INCOME 83.4 84.8 252.2 146.0
               
 
Less: Net Income Attributable to Noncontrolling
Interests (1.1 ) (0.9 ) (3.1 ) (4.9 )
               
 

NET INCOME ATTRIBUTABLE TO ROCK-TENN COMPANY SHAREHOLDERS

$ 82.3 $ 83.9 $ 249.1 $ 141.1
               
 
Computation of diluted earnings per share under the two-class method (in millions, except per share data):
 
Net income attributable to Rock-Tenn Company
shareholders $ 82.3 $ 83.9 $ 249.1 $ 141.1
Less: Distributed and undistributed income
available to participating securities   (0.1 )   (0.5 )   (0.7 )   (1.4 )
Distributed and undistributed income available
to Rock-Tenn Company shareholders $ 82.2   $ 83.4   $ 248.4   $ 139.7  
 
Diluted weighted average shares outstanding 72.4 71.6 72.1 50.5
 
Diluted earnings per share $ 1.14   $ 1.17   $ 3.45   $ 2.77  
 
 

ROCK-TENN COMPANY
SEGMENT INFORMATION
(UNAUDITED)
(IN MILLIONS)
           
                     
 
FOR THE THREE MONTHS ENDED FOR THE TWELVE MONTHS ENDED
September 30, September 30, September 30, September 30,
2012 2011 2012 2011
                     
 
NET SALES:
 
Corrugated Packaging $ 1,597.3 $ 1,626.5 $ 6,171.2 $ 2,768.7
Consumer Packaging 660.6 667.9 2,557.5 2,359.8
Recycling 264.4 355.8 1,228.8 585.9
Intersegment Eliminations (168.5 ) (186.7 ) (749.9 ) (314.8 )
                     
 
TOTAL NET SALES $ 2,353.8 $ 2,463.5 $ 9,207.6 $ 5,399.6
                     
 
SEGMENT INCOME:
 
Corrugated Packaging (1) $ 112.6 $ 149.6 $ 364.0 $ 241.7
Consumer Packaging 98.8 82.1 347.2 275.2
Recycling (2.8 ) 5.3 7.1 14.8
                     
 
TOTAL SEGMENT INCOME $ 208.6 $ 237.0 $ 718.3 $ 531.7
                     
 
Restructuring and Other Costs, net (23.1 ) (30.9 ) (75.2 ) (93.3 )
Non-Allocated Expenses (30.6 ) (26.7 ) (109.7 ) (79.5 )
Interest Expense (28.0 ) (33.2 ) (119.7 ) (88.9 )
Loss on Extinguishment of Debt (6.3 ) - (25.9 ) (39.5 )
Interest Income and Other Income (Expense), net 0.2 (19.1 ) 1.3 (15.0 )
                     
 
INCOME BEFORE INCOME TAXES $ 120.8 $ 127.1 $ 389.1 $ 215.5
                     
 
 
(1) After $6.7 million of pre-tax losses at our Matane, Quebec containerboard mill in the twelve months ended September 30, 2012 and after inventory step-up expense of $0.2 million and $0.8 million pre-tax in the three and twelve months ended September 30, 2012, respectively, and $4.0 million and $59.4 million pre-tax in the three and twelve months ended September 30, 2011, respectively.
 
 
 
 
 

ROCK-TENN COMPANY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)
(IN MILLIONS)
                     
           
FOR THE THREE MONTHS ENDED FOR THE TWELVE MONTHS ENDED
September 30, September 30, September 30, September 30,
      2012       2011           2012       2011  
 
CASH FLOWS FROM OPERATING ACTIVITIES:
Consolidated net income $ 83.4 $ 84.8 $ 252.2 $ 146.0
 
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization 137.6 130.9 534.3 278.3
Deferred income tax expense 32.7 51.2 123.4 60.0
Loss on extinguishment of debt 6.3 - 25.9 39.5
Share-based compensation expense 8.1 4.8 29.2 21.4
(Gain) loss on disposal of plant and equipment and other, net 2.9 1.0 (10.0 ) 0.9
Equity in income of unconsolidated entities (0.5 ) (0.3 ) (3.4 ) (1.5 )
Settlement of foreign currency hedge and interest rate swaps - - (2.8 ) 1.7
Pension funding (more) less than expense (143.1 ) (28.1 ) (305.4 ) (22.7 )
Impairment adjustments and other non-cash items 10.1 27.3 29.2 31.5
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable (8.3 ) (8.6 ) 55.5 (14.4 )
Inventories (1.4 ) (31.1 ) 7.1 (0.5 )
Other assets 26.6 (2.5 ) (17.8 ) 33.2
Accounts payable (42.1 ) (57.6 ) (77.8 ) (38.8 )
Income taxes 2.7 (3.1 ) 13.3 (56.2 )
Accrued liabilities and other 0.3 (46.7 ) 3.8 (16.7 )
                     
NET CASH PROVIDED BY OPERATING ACTIVITIES     115.3       122.0           656.7       461.7  
 
INVESTING ACTIVITIES:
 
Capital expenditures (104.1 ) (91.9 ) (452.4 ) (199.4 )
Cash paid for the purchase of a leased facility (17.0 ) - (17.0 ) -
Cash paid for purchase of businesses, net of cash acquired (5.1 ) 1.4 (125.6 ) (1,300.1 )
Investment in unconsolidated entities - (0.7 ) (1.7 ) (2.0 )
Return of capital from unconsolidated entities 0.2 0.4 1.8 1.0
Proceeds from sale of property, plant and equipment 3.4 1.0 40.5 8.6
Proceeds from property, plant and equipment insurance settlement - 0.2 10.2 0.5
                     
NET CASH USED FOR INVESTING ACTIVITIES     (122.6 )     (89.6 )         (544.2 )     (1,491.4 )
 
FINANCING ACTIVITIES:
 
Proceeds from issuance of notes 693.3 - 1,442.2 -
Additions to revolving credit facilities 437.5 439.1 748.1 802.6
Repayments of revolving credit facilities (615.5 ) (285.0 ) (759.8 ) (564.5 )
Additions to debt 12.8 0.4 326.6 2,877.4
Repayments of debt (484.3 ) (180.2 ) (1,803.6 ) (1,966.3 )
Debt issuance costs (9.7 ) (0.7 ) (16.2 ) (43.8 )
Cash paid for debt extinguishment costs (0.1 ) - (14.0 ) (37.9 )
Issuances of common stock, net of related minimum tax withholdings 4.8 1.0 5.2 25.2
Excess tax benefits from share-based compensation (0.8 ) (7.3 ) 10.0 -
Advances from unconsolidated entity 0.5 1.1 0.2 1.7
Cash dividends paid to shareholders (14.1 ) (14.0 ) (56.5 ) (37.6 )
Cash distributions to noncontrolling interests (0.4 ) (1.0 ) (0.8 ) (5.2 )
                     
NET CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES     24.0       (46.6 )         (118.6 )     1,051.6  
 
Effect of exchange rate changes on cash and cash equivalents 1.0 4.3 1.6 3.9
 
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 17.7 (9.9 ) (4.5 ) 25.8
 
Cash and cash equivalents at beginning of period 19.5 51.6 41.7 15.9
                     
 
Cash and cash equivalents at end of period $ 37.2 $ 41.7 $ 37.2 $ 41.7
                     
 
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid (received) during the period for:
Income taxes, net of refunds $ 3.4 $ 3.1 $ (9.6 ) $ 22.7
Interest, net of amounts capitalized 39.2 44.1 114.8 86.9
       

 

           
 
 

ROCK-TENN COMPANY
CONDENSED CONSOLIDATED BALANCE SHEETS
(UNAUDITED)
(IN MILLIONS)
 
   
September 30, September 30,
2012 2011
         
 
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 37.2 $ 41.7
Restricted cash 40.6 41.1
Accounts receivable (net of allowances of $26.9 and $30.1) 1,075.6 1,109.6
Inventories 861.9 849.8
Other current assets 174.5 186.7
         
 
TOTAL CURRENT ASSETS 2,189.8 2,228.9
         
 
Property, plant and equipment at cost:
Land and buildings 1,207.7 1,135.1
Machinery and equipment 6,121.7 5,691.1
Transportation equipment 13.6 12.8
Leasehold improvements   20.0     6.9  
7,363.0 6,845.9
Less accumulated depreciation and amortization   (1,751.6 )   (1,318.7 )
Net property, plant and equipment 5,611.4 5,527.2
Goodwill 1,865.3 1,839.4
Intangibles, net 795.1 799.4
Other assets 225.5 171.1
         
 
TOTAL ASSETS $ 10,687.1 $ 10,566.0
         
 

LIABILITIES AND EQUITY

CURRENT LIABILITIES:

Current portion of debt $ 261.3 $ 143.3
Accounts payable 708.9 780.7
Accrued compensation and benefits 211.4 220.0
Other current liabilities 226.7 174.3
         
 
TOTAL CURRENT LIABILITIES 1,408.3 1,318.3
         
 
Long-term debt due after one year 3,151.2 3,302.5
Pension liabilities 1,493.1 1,431.0
Postretirement medical liabilities 154.2 155.2
Deferred income taxes 888.8 827.1
Other long-term liabilities 173.9 153.3
Redeemable noncontrolling interests 11.4 6.3
Total Rock-Tenn Company shareholders' equity 3,405.7 3,371.6
Noncontrolling interests   0.5     0.7  
Total Equity 3,406.2 3,372.3
         
 
TOTAL LIABILITIES AND EQUITY $ 10,687.1 $ 10,566.0
         
 
 

Rock-Tenn Company Quarterly Statistics
         
Key Financial Statistics
(In Millions, Unless Otherwise Specified)
 
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 82.3 249.1
 
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 1.14 3.45
 
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

132.7 132.6 131.4 137.6 534.3
 
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

81.6 120.6 146.1 104.1 452.4
 

Total Production - Thousands of Tons (1)

   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 2,317.9 8,906.9
 
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 %

97.7

% 94.3 %
 
 
(1) Containerboard, SBS/SBL and Pulp tons produced include the Smurfit-Stone tons beginning May 28, 2011.
 
 

Rock-Tenn Company Quarterly Statistics
                 
Segment Operating Statistics
(Sales and Income In Millions, Production in Thousands of Tons Unless Otherwise Specified)
 
 
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 1,597.3 6,171.2
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 29.8 121.6
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)

112.8

(6)

371.5
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)

7.1 %

(6)

6.0 %
 
Containerboard Production (7)

 

   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 1,852.1 7,108.5
 
Bleached Linerboard Production

   2010

- - - - -

   2011

- - 12.5 32.9 45.4

   2012

27.7 27.1 30.8 33.8 119.4
 
Pulp Production

   2010

- - - - -

   2011

- - 26.2 74.9 101.1

   2012

77.9 58.1 75.5 75.4 286.9
 
Corrugated Containers Shipments - BSF (8) (9)

   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 19.7 77.3
 
Corrugated Containers Per Shipping Day - MMSF (8) (9)

   2010

43.7 42.4 45.0 43.4 43.6

   2011

43.1 45.2 144.7 301.4 134.6

   2012

317.2 298.3 309.3 313.0 309.3
 
 
 
 

(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 $0.2 million of inventory step-up expense.

(7)

Includes Kraft Paper Production

(8)

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

(9)

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

 
 

Rock-Tenn Company Quarterly Statistics
                 
Segment Operating Statistics
(Sales and Income In Millions, Production in Thousands of Tons Unless Otherwise Specified)
 
 
1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter Fiscal Year
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

620.4 647.6 628.9 660.6 2,557.5
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 5.3 25.2
Consumer Packaging Segment Income

   2010

$ 55.1

(1)

$ 55.7

(2)

$ 69.0 $ 81.9 $ 261.7

   2011

71.0 61.0 61.1 82.1 275.2

   2012

80.3 84.4 83.7 98.8 347.2
Return on Sales

   2010

11.1 %

(1)

10.8 %

(2)

12.7 % 14.3 % 12.3 %

   2011

13.0 % 10.7 % 10.5 % 12.3 % 11.7 %

   2012

12.9 % 13.0 % 13.3 % 15.0 % 13.6 %
 
Recycled Paperboard Production (3)

   2010

223.6 227.8 234.2 235.1 920.7

   2011

226.7 235.2 239.4 242.0 943.3

   2012

227.3 234.6 234.1 239.0 935.0
 
Bleached Paperboard Production

   2010

85.1 83.5 87.4 84.1 340.1

   2011

87.4 86.6 74.8 90.8 339.6

   2012

87.5 85.6 87.9 91.0 352.0
 
Pulp Production

   2010

25.6 23.8 24.1 26.1 99.6

   2011

23.4 26.2 20.9 26.2 96.7

   2012

27.0 25.1 26.4 26.6 105.1
 
Consumer Packaging Converting Shipments - BSF (4)

   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 5.2 20.5
 
Consumer Packaging Converting Per Shipping Day - MMSF (4)

   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 83.1 82.0
 
 
 
(1) Excludes $20.7 million of alternative fuel mixture credit, net of expenses.
(2) Excludes $8.1 million of alternative fuel mixture credit.
(3) 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.

(4) MMSF - millions of square feet and BSF - billions of square feet

 
 

Rock-Tenn Company Quarterly Statistics
       
Segment Operating Statistics
(Sales and Income In Millions, Production in Thousands of Tons Unless Otherwise Specified)
 
 
1 st Quarter 2 nd Quarter 3 rd Quarter 4 th Quarter Fiscal Year
Recycling 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

329.4 296.1 338.9 264.4 1,228.8
Recycling 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

165.0 129.7 175.0 133.4 603.1
Recycling 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 (2.8 ) 7.1
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 % (1.1 )% 0.6 %
 
Fiber Reclaimed and Brokered (1)

   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 1,982.8 8,083.9
 
 
(1) Fiber Reclaimed and Brokered tons shipped include the Smurfit-Stone tons beginning May 28, 2011.




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 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

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