Business Services Industry
Investments & Finance
San Fernando Valley Business Journal, June 23, 2003
VALLEY ECONOWATCH
GENERAL INDICATORS
% [ or -]
From
Latest Previous Previous
Period Period Period
Air cargo (February) (1)
Inbound (lbs in millions) 3.3 3.0 9.1%
Outbound (lbs. in millions) 4.4 4.3 2.3%
Bankruptcies (April)
Chapter 7 826 832 -0.8%
Chapter 11 4 7 -42.9%
Chapter 13 120 172 -30.3%
Electricity (January)
Residential accounts 453,516 453,296 0.0%
Commercial accounts 43,408 43,237 0.1%
Industrial accounts 6,732 6,690 0.1%
Tourism (January)
Hotel occupancy rate 76.0% 75.5% 0.7
Room rate $99.88 $103.69 -3.7%
Airline Passengers (March) (1) 383,252 345,1628 10.0%
% [ or -]
Year From
Ago Year Ago
Air cargo (February) (1)
Inbound (lbs in millions) 2.7 21.7%
Outbound (lbs. in millions) 3.4 27.9%
Bankruptcies (April)
Chapter 7 852 -3.1%
Chapter 11 9 -53.6%
Chapter 13 205 -41.5%
Electricity (January)
Residential accounts 451,122 0.1%
Commercial accounts 43,290 0.1%
Industrial accounts 6,835 -0.1%
Tourism (January)
Hotel occupancy rate 76.8% -1.1%
Room rate $104.32 -4.3%
Airline Passengers (March) (1) 379,921 0.9%
REAL ESTATE
% [ or -]
from
Latest Previous previous
Period Period Period
Home mortgages and sales (February)
Price, repeat sales index (2) 136.0 133.8 1.7%
Lending (millions) $462.8 $550.2 -15.9%
No. of home sales 2,204 2,623 -16.0%
Average home sale price $209,968 $344,417 -39.1%
Single-family resales (May)
Closed escrows 1,284 1,259 2.0%
New listings 1,541 1,569 -1.8%
Active listings 2,042 2,176 -6.2%
Condominium resales (May)
Closed escrows 413 422 -2.1%
New listings 440 453 -2.9%
Active listings 415 453 -8.4%
Vacant apartments (February) 6,276 6,306 -0.5%
Apartment vacancy rate (February) 2.9% 3.0% N/A
Office vacancy rates (1st qtr.)
East Valley 11.7% 13.7% N/A
Central Valley 11.9% 11.9% N/A
West Valley 15.8% 17.2% N/A
Conejo Valley 17.9% 18.7% N/A
Santa Clarita Valley 15.4% 13.8% N/A
Valley overall 13.7% 14.6% N/A
Industrial vacancy rates (4th qtr.)
East Valley 4.1% 4.5% N/A
Central Valley 2.1% 2.5% N/A
West Valley 2.8% 2.1% N/A
Conejo Valley 10.4% 12.3% N/A
Valley overall 3.2% 3.3% N/A
% [ or -]
Year from
Ago Year Ago
Home mortgages and sales (February)
Price, repeat sales index (2) 117.6 13.6%
Lending (millions) $423.4 8.6%
No. of home sales 2,082 5.6%
Average home sale price $203,383 3.2%
Single-family resales (May)
Closed escrows 1,302 -1.4%
New listings 1,856 -17.0%
Active listings 2,500 -18.3%
Condominium resales (May)
Closed escrows 497 -16.9%
New listings 523 -15.9%
Active listings 452 -8.2%
Vacant apartments (February) 5,918 5.7%
Apartment vacancy rate (February) 2.8% N/A
Office vacancy rates (1st qtr.)
East Valley 17.9% N/A
Central Valley 13.6% N/A
West Valley 15.7% N/A
Conejo Valley 17.0% N/A
Santa Clarita Valley 16.5% N/A
Valley overall 15.2% N/A
Industrial vacancy rates (4th qtr.)
East Valley 6.5% N/A
Central Valley 5.3% N/A
West Valley 4.3% N/A
Conejo Valley 11.7% N/A
Valley overall 5.5% N/A
L.A. COUNTY ECONOWATCH
GENERAL INDICATORS
% [ or -]
from
Latest Previous previous
month month month
Employment (000's) (Apr.) 4,442 4,476 -.8%
Unemployment (000's) (Apr.) 301 307 -1.9
Help-wanted ads index (Mar.) 17 16 6.25
Jobless-to-job ad ratio (Apr.) (3) 27 18 50
Production Days (Apr.) (4) 2,736 3,090 -27.6
Bankruptcies
Chapter 7 (Apr.) 3,595 3,481 3.3
Chapter 11 (Apr.) 14 19 -26.3
Exports (mils.) (Mar.) (5) $5,740.7 $4,871.5 17.8
Imports (mils.) (Mar.) (5) $13,026.7 $11,386.2 14.4
% [ or -]
Year from
ago year ago
Employment (000's) (Apr.) 4,339 2.4%
Unemployment (000's) (Apr.) 314 -4.1
Help-wanted ads index (Mar.) 21 -19
Jobless-to-job ad ratio (Apr.) (3) 20 35
Production Days (Apr.) (4) 2,622 -14.72
Bankruptcies
Chapter 7 (Apr.) 3,500 2.7
Chapter 11 (Apr.) 22 -36.4
Exports (mils.) (Mar.) (5) $5,757.4 -0.3
Imports (mils.) (Mar.) (5) $10,787 20.8
FOOTNOTES
(1.) For Burbank-Glendale-Pasadena Airport.
(2.) The index, generated by First American Real Estate Solutions, is
based on a statistical model that tracks the resale value of a
preselected group of homes and is considered by the industry to be a
more accurate measure than either the average or median sales price. It
eliminates trend shifts which occur from differing types of houses sold
from one period to another. The index base value is 100 which reflects
its level in January of 1990.
(3.) Thousands of lobless to index point of job ads.
(4.) Film production days
(5.) Through Los Angeles Customs District.
N/A - Not applicable.
BOLDFACE INDICATES UPDATED FIGURES
Sources: Central District of Calif., (bankruptcies); Economic
Development Corporation, Los Angeles (business failures, exports,
imports); Burbank-Glendale-Pasadena Airport Authority (Burbank passenger
traffic and air cargo); Axicom/DataQuick Information Systems Inc., La
Jolla (construction lending, property lending, refinance lending, home
sales, home prices); First American Real Estate Solutions
(foreclosures); Grubb & Ellis (office and industrial vacancy rates); PKF
Consulting (hotel occupancy, room rate), City of Los Angeles Housing
Department (apartment vacancies), Southland Regional Association of
Realtors (home resales).
VALLEY STOCK WATCH
STOCK ACTIVITY FOR 50 SELECTED GREATER SAN FERNANDO VALLEY-BASED PUBLIC
COMPANIES
BI-WEEKLY TOP GAINERS
TOP 10 GAINERS BY PERCENTAGE
June 19 June 5 Point 2-Wk
Company Close Close Change % Chg.
THQ Inc $18.45 $15.47 2.98 19.3%
3D Systems Corp 6.93 5.85 1.08 18.5%
Electro Rent Corp 12.38 10.49 1.89 18.0%
California Amplifier Inc 3.90 3.41 0.49 14.4%
10K Mediactive Inc 0.45 0.4 0.05 12.5%
Guitar Center Inc 27.99 24.94 3.05 12.2%
Qualstar Corp 5.65 5.1 0.55 10.8%
International Remote Imaging 3.40 3.08 0.32 10.4%
Systems
Panavision Inc 6.00 5.5 0.50 9.1%
Superior Industries International 42.48 39.3 3.18 8.1%
52-Wk YTD
Company % Chg. % Chg.
THQ Inc 39.2% -38.2%
3D Systems Corp -11.2% -37.0%
Electro Rent Corp 1.1% 7.7%
California Amplifier Inc -22.9% -29.3%
10K Mediactive Inc -37.5% 78.6%
Guitar Center Inc 69.0% 44.7%
Qualstar Corp 3.3% -16.8%
International Remote Imaging 47.2% 17.6%
Systems
Panavision Inc 50.0% 94.8%
Superior Industries International 2.7% -6.2%
BI-WEEKLY
TOP 10 LOSERS BY PERCENTAGE
June 19 June 5 Point 2-Wk
Company Close Close Change % Chg.
Optical Communication Products Inc $1.72 $2.02 -0.30 -14.9%
Salem Communications Corp /DE 23.39 26.45 -3.06 -11.6%
Tekelec 12.10 13.40 -1.30 -9.7%
Countrywide Financial Corp. 70.81 77.85 -7.04 -9.0%
Digital Insight Corp. 16.43 17.86 -1.43 -8.0%
MRV Communications Inc 2.20 2.39 -0.19 -7.9%
UNOVA Inc 10.65 11.45 -0.80 -7.0%
North American Scientific Inc 8.16 8.70 -0.54 -6.2%
Image Entertainment Inc 2.05 2.18 -0.13 -6.0%
Public Storage Inc 33.98 35.50 -1.52 -4.3%
52-Wk YTD
Company % Chg. % Chg
Optical Communication Products Inc 59.3% 32.3%
Salem Communications Corp /DE -6.3% -17.9%
Tekelec 15.8% 26.7%
Countrywide Financial Corp. 37.1% 45.6%
Digital Insight Corp. 89.1% 14.1%
MRV Communications Inc 105.6% 84.9%
UNOVA Inc 77.5% 69.0%
North American Scientific Inc -9.2% -26.0%
Image Entertainment Inc -17.3% 5.1%
Public Storage Inc 5.2% -5.8%
THE VALLEY 50 STOCK INDEX
Company June19 52-Week 52-Week
Name Ticker Price High Low
Amgen Inc. (H) AMGN $63.82 $67.54 30.57
Biosource International Inc. BIOI 6.13 7.00 4.68
California Amplifier Inc. CAMP 3.90 6.49 3.07
Capstone Turbine Corp. CPST 1.34 2.24 0.51
Chad Therapeutics Inc. CTU 1.68 3.24 1.25
Cheesecake Factory/The CAKE 34.89 38.50 24.90
Chemkee Inc. CHKE 19.77 21.18 13.65
Countrywide Financial Corp. (H) CEC 70.81 78.75 39.50
Digital Insight Corp. DGIN 16.43 19.70 7.46
Diodes Inc. (H) DIOD 20.43 21.94 6.07
Electro Rent Corp. ELRC 12.38 13.56 8.20
Scheib (Earl) Inc. ESH 2.72 3.25 1.56
Gultar Center Inc. (H) GTRC 27.99 28.88 13.70
Health Net Inc. (H) HNT 31.98 33.35 20.35
Homestore Inc. (H) HOMS 1.79 2.03 0.14
Ihop Corp. IHP 31.72 33.35 20.98
Image Entertainment Inc. DISK 2.05 2.94 0.94
International Remote Imaging (H) IRI 3.40 3.69 1.78
Ixia XXIA 6.75 7.37 1.84
K-Swiss Inc. (H) KSWS 35.00 36.99 16.80
MRV Communications Inc. (H) MRVC 2.20 2.67 0.60
North American Scientific Inc. NASI 8.16 12.19 6.25
Newhall Land & Farming Co NHL 30.50 32.30 22.59
On Assignment Inc. ASGN 4.29 20.13 3.10
Optical Communication Prodss (H) OCPI 1.72 2.08 0.65
Pacific Crest Capital Inc. (H) PCCI $21.62 $21.94 13.43
Panavision Inc. (H) PVIS 6.00 7.75 1.25
Pinnacle Entertainment Inc. PNK 6.35 11.00 3.92
Power-One Inc. PWER 7.68 8.35 2.33
PS Business Parks Inc. (H) PSB 34.99 36.12 29.47
Public Storage Inc. PSA 33.98 37.90 27.98
Qualstar Corp. QBAK 5.65 6.86 3.65
Ryland Group Inc. (H) RYL 73.98 78.00 31.00
Salem Communications Corp. SALM 23.39 30.46 15.00
Semtech Corp. SMTC 15.36 31.86 8.72
Sport Chalet Inc. SPCH 7.18 9.05 6.12
Superior Industries International SUP 42.48 51.00 33.62
TDK Mediactive Inc. TDKM 0.45 2.10 0.25
Tekelec TKLC 12.10 14.54 5.97
THQ Inc. THQI 18.45 32.42 9.50
3D Systems Corp. TDSCE 6.93 13.55 4.00
21st Century Insurance Group TW 15.81 19.67 9.15
Unico American Corp. UNAM 3.94 5.75 2.30
United Online Inc. (H) UNTD 26.45 27.86 7.12
UNOVA Inc. (H) UNA 10.65 11.50 4.05
Valueclick Inc. (H) VCLK 6.19 6.54 1.99
Vitesse Semiconductor Corp. (H) VTSS 5.46 5.92 0.62
Walt Disney Co DIS 20.09 22.19 13.48
WellPoint Health Networks (H) WLP 86.04 91.50 62.00
Zenith National Insurance Corp. ZNT 29.86 31.98 19.15
Company 2-Week 52-Week YTD PE
Name % Chg. % Chg. Change Ratio
Amgen Inc. (H) -2.5% 32.0% 48.3% 42.8
Biosource International Inc. -2.7% 2.3% 0.8% 61.3
California Amplifier Inc. 14.4% -22.9% -29.3% 11.5
Capstone Turbine Corp. 1.5% 48.9% -28.0% NA
Chad Therapeutics Inc. -2.9% -23.3% -43.2% 33.6
Cheesecake Factory/The 4.6% -3.5% -7.3% 33.9
Chemkee Inc. -1.1% 35.4% 0.6% 12.7
Countrywide Financial Corp. (H) -9.0% 37.1% 45.6% 9.3
Digital Insight Corp. -8.0% 89.1% 14.1% 39.1
Diodes Inc. (H) 2.0% 112.6% 120.9% 24.3
Electro Rent Corp. 18.0% 1.1% 7.7% 31.7
Scheib (Earl) Inc. 7.1% 13.3% -9.6% NA
Gultar Center Inc. (H) 12.2% 69.0% 44.7% 24.1
Health Net Inc. (H) 4.5% 21.1% 10.8% 13.9
Homestore Inc. (H) -3.9% 110.6% 26.1% NA
Ihop Corp. 0.4% 32.2% -2.1% 16.4
Image Entertainment Inc. -6.0% -17.3% 5.1% 68.3
International Remote Imaging (H) 10.4% 47.2% 17.6% 340.0
Ixia -1.6% 84.9% -1.2% 42.2
K-Swiss Inc. (H) -3.2% 61.2% 45.3% 20.7
MRV Communications Inc. (H) -7.9% 105.6% 84.9% NA
North American Scientific Inc. -6.2% -9.2% -26.0% NA
Newhall Land & Farming Co 0.2% 6.1% -4.2% 17.5
On Assignment Inc. 7.0% -49.6% -77.8% 12.3
Optical Communication Prodss (H) -14.9% 59.3% 32.3% NA
Pacific Crest Capital Inc. (H) 3.1% 36.8% 55.5% 14.6
Panavision Inc. (H) 9.1% 50.0% 94.8% NA
Pinnacle Entertainment Inc. 5.5% -8.4% -33.0% NA
Power-One Inc. -1.8% 35.5% 16.5% NA
PS Business Parks Inc. (H) -0.1% 10.0% -0.3% 20.8
Public Storage Inc. -4.3% 5.2% -5.8% 28.6
Qualstar Corp. 10.8% 3.3% -16.8% 188.3
Ryland Group Inc. (H) 3.4% 121.8% 36.0% 10.3
Salem Communications Corp. -11.6% -6.3% -17.9% NA
Semtech Corp. -3.4% 40.4% -45.1% 28.4
Sport Chalet Inc. -0.3% 1.8% -19.3% 12.0
Superior Industries International 8.1% 2.7% -6.2% 13.1
TDK Mediactive Inc. 12.5% -37.5% -78.6% NA
Tekelec -9.7% 15.8% 26.7% 29.5
THQ Inc. 19.3% 39.2% -38.2% 36.9
3D Systems Corp. 18.5% -11.2% -37.0% 13.6
21st Century Insurance Group 6.0% 26.3% -16.8% 26.4
Unico American Corp. -0.3% 25.1% -28.5% NA
United Online Inc. (H) 5.3% 65.9% 143.8% 46.4
UNOVA Inc. (H) -7.0% 77.5% 69.0% 96.8
Valueclick Inc. (H) -1.6% 121.9% 113.4% 154.8
Vitesse Semiconductor Corp. (H) 0.2% 149.9% 59.6% NA
Walt Disney Co -4.1% 23.2% -3.7% 37.2
WellPoint Health Networks (H) 0.7% 20.9% -0.2% 18.2
Zenith National Insurance Corp. 4.1% 27.0% -6.0% 18.7
Company Mkt. Cap
Name (millions)
Amgen Inc. (H) 82,297.0
Biosource International Inc. 58.6
California Amplifier Inc. 57.5
Capstone Turbine Corp. 108.9
Chad Therapeutics Inc. 16.9
Cheesecake Factory/The 1,787.5
Chemkee Inc. 162.7
Countrywide Financial Corp. (H) 9,404.8
Digital Insight Corp. 534.2
Diodes Inc. (H) 172.2
Electro Rent Corp. 307.2
Scheib (Earl) Inc. 11.9
Gultar Center Inc. (H) 643.2
Health Net Inc. (H) 3,703.8
Homestore Inc. (H) 211.7
Ihop Corp. 680.1
Image Entertainment Inc. 36.2
International Remote Imaging (H) 37.6
Ixia 390.5
K-Swiss Inc. (H) 615.8
MRV Communications Inc. (H) 218.5
North American Scientific Inc. 83.6
Newhall Land & Farming Co 713.3
On Assignment Inc. 108.8
Optical Communication Prodss (H) 193.0
Pacific Crest Capital Inc. (H) 102.3
Panavision Inc. (H) 52.6
Pinnacle Entertainment Inc. 184.7
Power-One Inc. 635.6
PS Business Parks Inc. (H) 744.3
Public Storage Inc. 4,555.2
Qualstar Corp. 71.4
Ryland Group Inc. (H) 1,849.6
Salem Communications Corp. 549.3
Semtech Corp. 1,127.0
Sport Chalet Inc. 47.5
Superior Industries International 1,133.2
TDK Mediactive Inc. 10.4
Tekelec 738.5
THQ Inc. 701.3
3D Systems Corp. 88.1
21st Century Insurance Group 1,350.7
Unico American Corp. 21.6
United Online Inc. (H) 1,112.4
UNOVA Inc. (H) 625.0
Valueclick Inc. (H) 456.7
Vitesse Semiconductor Corp. (H) 1,122.4
Walt Disney Co 41,048.1
WellPoint Health Networks (H) 12,518.0
Zenith National Insurance Corp. 560.8
NOTES ON STOCK TABLES
Tables based on June 5-19, 2003
(H) Stock hit new 52-week high
(L) Stock hit new 52-week low
(S) Stock split during week
MARKET SUMMARY
MOST ACTIVE STOCKS
TOP 10 STOCKS VOLUME
Amgen Inc 99,320,456
Walt Disney Co 87,663,700
Vitesse Semiconductor Corp 60,721,012
Countrywide Financial Corp 23,953,500
THQ Inc 19,316,807
Capstone Turbine Corp 13,100,753
Tekelec 12,707,249
United Online Inc 12,674,951
Valueclick Inc 12,316,832
Sentech Corp 12,282,875
WEEKLY SUMMARY
Advances 26
Declines 24
Unchanged 0
New Highs 19
New Lows 0
MARKET INDEXES
June 19 June 5 Point 2-Wk 52-Wk YTD
Index Close Close Change % Chg. % Chg. % Chg.
Dow Jones Industrial 9179.53 9041.30 138.23 1.5% -4.0% 10.0%
NASDAQ 1648.65 1646.01 2.64 0.2% 10.1% 23.4%
S&P 500 994.70 990.14 4.56 0.5% -2.5% 13.1%
Valley 50 98.64 98.22 0.42 0.4% 20.5% 21.8%
Duff & Phelps, LLC is an investment banking and financial advisory
organization with expertise in middle-market mergers and acquistions,
private placements, fairness opinions, valuations, ESOP and ERISA
advisory services and specialty financial advisory services. All stock
data is provided by Duff& Phelps from sources deemed reilable. No
recommendation is intended or implied. The firm can be contacted at
(310) 284-8008.
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Most Popular Business Publications
Content provided in partnership with
