Pareteum Corporation (TEUM) and Barnes & Noble, Inc. (BKS) Jumps in Investor Choice

0
22

Pareteum Corporation (NYSE:TEUM) retreated its position after shares change of -1.41% on Tuesday and it traded at $1.88. The 52-week high of the share price is -52.88% and 52-week low of the share price is 275.92%.

Pareteum Corporation (NYSE:TEUM) released that issuance of a shareholder update letter from its Executive Chairman and Principal Executive Officer, Hal Turner.

The TEUM of Pareteum Corporation continues to be hard at work, globally. We have had a fast start to 2018 with excellent results in January through the collective group initiatives of: Rob Mumby + his key sales executives and sales support TEUM; Ali Davachi + his key operations, technical support and service delivery TEUM.

“I am happy to report that our executive team, with its key leadership management team, is continuing to produce results. We have a very big and bright 2018 planned. So far this year, in January alone, our TEUM signed $20.4 million of new contracts, spanning the globe, from Brazil to Africa to Europe. $15.2 million was additive to our now record high $162 million 36-month contractual revenue backlog, as two of the awarded contracts are 5-year agreements. I am extremely proud of our TEUM’s accomplishments as we have accelerated the growth of our backlog from $60 million at June 30, 2017 to $162 million as of January 31, 2018. We expect the pace to accelerate during the year and that our reported results will reflect the hard work that has gone into the turnaround of our company.”

The shares performance of TEUM was -22.98% for the last one month and 13.69% in the previous week, whereas year to date performance was calculated -7.73%. The goal of share performance is to compare managers to the interests of shareholders. Their goal is alike to employee stock-option plans, as they offer an explicit incentive for management to focus their efforts on maximizing shareholder value. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at -489.80%. Investors looking further ahead will note that the Price to next year’s EPS is 53.20%.

In latest trading session, Barnes & Noble, Inc. (NYSE:BKS) fell down to knees remains unchanged with 28597 trading volume. The world’s largest retail bookseller, Barnes & Noble, Inc. (NYSE:BKS) released that Timothy Mantel has been named Chief Merchandising Officer. Mr. Mantel, whose appointment is effective immediately, will report to Demos Parneros, Chief Executive Officer of Barnes & Noble. In his new role as CMO, Mr. Mantel will be responsible for driving sales and profitability in all areas of merchandising within the Company, including Books, Toys & Games, Gift, Newsstand and Music and Entertainment.

Mr. Mantel previously held the role of Chief Merchandising Officer for GNC Corporation, where he led a $2.6 billion product portfolio and helped relaunch the company’s business model. He also successfully streamlined and reinvigorated GNC’s owned brand portfolio positioning it for sales and margin growth now and in the future.

Prior to that, Mr. Mantel was Senior Vice President, Food, Household Essentials and Food Service at Target Corporation, where he led a $20.9 billion merchandising group with 19 teams and 320 employees. He directed strategic repositioning of the business to achieve online and store growth, as well as overseeing assortment planning, store presentation, marketing and pricing. Mr. Mantel had previously served as President Target Sourcing Services and held various positions from business analyst to buyer and merchandise planning director early in his career.

“We are thrilled that Tim will be taking on the important role of Chief Merchandising Officer for Barnes & Noble,” said Mr. Parneros. “His deep knowledge of retail and proven track record are exactly what we need to invigorate our merchandising strategy and grow our business. He will be a great addition to our management team.”

Mr. Mantel is a graduate of The University of Wisconsin’s Madison School of Business, where he studied Marketing and International Business. He has served on various boards including Nibakure Children’s Village, a nonprofit that helps communities in Rwanda, as well as the Retail Industry Leaders Association Apparel Coalition.

BKS has the current ratio of 1.10 for the most latest quarter. As concerns shares volumes, in share Capital Company has 72.78 million outstanding shares among them 54.90 million shares have been floated in market exchange. The firm’s institutional ownership remained 70.40% while insider ownership included 12.70%.

LEAVE A REPLY

Please enter your comment!
Please enter your name here