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Steiner Leisure Ltd.
STNR.OISIN: BSP8744Y1024SEDOL: 2784692 |
Rating: HOLD |
Target Price: 26.23 USD |
Investment Horizon: 6 to 12 months |
Company News Alert
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Steiner Leisure Limited’s (Steiner) NASDAQ common stock achieved our target price on 05 December 2008. We believe the increase in the company’s NASDAQ common stock price reflects investor confidence in the company’s strong financial position (as outlined in our previous update report) and consolidation in the markets after experiencing a major sell rally. Although we continue to believe the company will not experience any significant impact…
3Q 08 Update Report
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Steiner Leisure (Steiner) recorded a 3.0% y-o-y increase in total revenues, driven by modest improvements in both its Services and Product segments. Going forward, we estimate total revenues to be decline y-o-y in FY 2009, impacted by declining consumer spending. However, we anticipate revenues to improve y-o-y in 2010, as we expect consumer spending to improve, with pressure on global economies easing out during the year. Margins are…
3Q 08 News Alert
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Steiner Leisure Limited’s (Steiner) 3Q 08 total revenues were in line with market expectations, while margins beat market estimates. Given the current weakness in the global economy, we are likely to lower our estimates downwards for 2009. Hence, we maintain our cautious outlook for the company and maintain our HOLD rating for the NASDAQ common stock....
2Q 08 News Alert
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Steiner Leisure Limited’s (Steiner) 2Q 08 total revenues were marginally below our estimate while margins were in line with expectations. However, in view of the current weakness in the global economic scenario, we continue to take a cautious view for the company....
Company News Alert
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The Steiner Leisure Ltd. (STNR) NASDAQ common stock price has witnessed a substantial decline since our 1Q 08 update report dated 03 June 2008, reflecting investor concerns regarding the global economic health and resultant slowdown in the leisure and hospitality industry. Taking into consideration the difficult market environment and cautious fundamental outlook, we hold a conservative growth stance for Steiner over the next couple of years....
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