Watch These Stocks at Piper Jaffray Companies (PJC)’s Technology, Media, & Telecommunications Conference: AT&T Inc. (T), Sirius XM Radio Inc (SIRI)

Page 1 of 2

Piper Jaffray is hosting its annual Technology, Media, & Telecommunications Conference in New York City on Tuesday, March 12 and Wednesday, March 13. Headquartered in Minneapolis, Piper Jaffray is a leading full-service investment bank and asset management firm.

While lesser known to readers than the largest banks on Wall Street, Piper Jaffray Companies (NYSE:PJC) has a sterling reputation. Piper Jaffray Companies (NYSE:PJC) trades on the New York Stock Exchange and has a market capitalization of $700 million.

More than 150 industry-pioneering companies will present at Piper Jaffray’s upcoming TTM conference. Investors will hear from companies that are changing the technology sector on an unprecedented level.  Here is my synopsis on a select few of the companies presenting, and any details investors should be looking to hear from management.

AT&T Inc. (NYSE:T)AT&T Inc.  (NYSE:T)

A veteran component of the Dow Jones Industrial Average, shares of AT&T Inc. (NYSE:T) have risen more than 8% year-to-date through March 7.

Steve Caniano, Vice President of Hosting, Application and Cloud Services at AT&T, will give a keynote presentation to conference attendees on Tuesday morning at 8:30 a.m. Cloud computing is a growth area for AT&T, as corporations and software providers require a growing amount of online data storage.

The CFO of AT&T recently stated he expects 2% sales growth for 2013, and the company plans to return $40 billion of cash through dividends and share repurchases in the next 2 years. AT&T has a market capitalization of $200 billion and pays $0.45 in quarterly dividends, giving the stock a rich 4.5% yield.

Piper Jaffray Companies (NYSE:PJC) is bullish on AT&T Inc. (NYSE:T) heading into its Technology, Media, & Telecommunications Conference, and recently reaffirmed an “Overweight” rating and $40 price target on the stock.

Green Dot (NYSE:GDOT)

Green Dot is a financial services operator that provides general purpose reloadable (GPR) and prepaid debit cards. The company’s reloadable debit cards are available for purchase at more than 60,000 retail locations online.

Green Dot’s principal competitor is NetSpend Holdings Inc (NASDAQ:NTSP), which agreed to be acquired by Total Systems for $16 per share on Feb. 19. The announcement caused Green Dot shares to subsequently rise, as market participants placed bets that it would also become a takeover target. The $16 valuation for NetSpend prices the company at 3.0x Price / Sales, while Green Dot is currently trading at 1.0 x Price / Sales.

Analysts at SunTrust advised their clients to sell the news on Green Dot and take advantage of the temporary price appreciation. SunTrust does not believe that Green Dot is an acquisition target. First, unlike NetSpend, GDOT is a bank holding company and therefore would need to be acquired by another bank. Second, NetSpend had a larger commercial debit card business, while Green Dot is more exposed to the competitive retail market.

Piper Jaffray disagrees, and believes the company offered a strong outlook for 2013 when fourth quarter earnings were released on Jan. 31. The firm has an “Outperform” rating on the stock and a $16 price target, close to the current market price.

Green Dot is doing a post-IPO “road show” the week of March 11, with investor presentations on March 12 and 13, followed by further investor meetings on March 19. I recommend that readers use the exposure as a selling opportunity, as the debit card market is becoming more crowded with new entrants.

Sirius XM Radio Inc (NASDAQ:SIRI)

For a $3 dollar stock, readers may be surprised to learn that Sirius XM Radio Inc (NASDAQ:SIRI) commands a $21 billion market capitalization. Shares of the satellite radio company are reaching five-year highs as subscription revenue continued to grow through the end of 2012.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Best States To Practice Medicine

The 10 Best States to Have a Business

The 12 Most Expensive Apple (AAPL) Apps in the Market

The 10 Richest Billionaires in the World

10 Biggest Kickstarter Failures

The 10 Best Places to Work At

The Top 10 of Google Inc (GOOGL)’s Most Expensive Acquisitions

13 Best Cities to Visit in South America

10 Most Expensive Works of Art of All Time

The 10 Richest Banks in the World

The 10 Best-Paying Jobs in America (2014)

7 Most Expensive Foods in the World

The World’s Top 10 Earning Authors

Five Wicked and Very Expensive Items (and Other “Stuff”) Sold on eBay

10 Biggest Celebrity Bankruptcies

The Top 10 Highest Paid CEOs in 2014

The 10 Most Expensive Real Estate Cities in America

10 Most Expensive States To Live In America

The 10 Best Airlines in the World

The 10 Best-Selling Cars in 2014

The 10 Best Industries to Invest In

The 10 Most Expensive States to Own a Car In

Top 10 Business Schools in US: 2014 Rankings

Top 20 Female Billionaires in 2014

6 Movies That You Should Watch to Better Understand The Cold War

Top 15 Best Paying Jobs for Women in 2014

Top 6 Things Rich People Do Differently Every Day

5 Retirement Mistakes To Avoid (and Einstein’s Famous Quote)

11 Smartest People in the World

6 Films About the Financial World You Need To Watch (While “The Wolf” is Not Around)

Warren Buffett and Billionaires Are Crazy About These 7 Stocks

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top 6 Tax Scams and How to Protect Yourself

Top Businesses to Invest In

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!