Secret Site Map
Saturday, October 25, 2014

Home News 'Mad Money' Host Praises Rollins

'Mad Money' Host Praises Rollins

Business

Jim Cramer, the former hedge fund manager who now hosts CNBC's “Mad Money,” sang the praises of Rollins, parent company of Orkin, in a recent broadcast.

| February 18, 2010

Jim Cramer, the former hedge fund manager who now hosts CNBC's “Mad Money,” sang the praises of Rollins, parent company of Orkin, in a recent broadcast.

On the Feb. 11 broadcast Cramer asked, "Why should you care about Rollins? For the same reason we do, it’s the third-biggest dividend booster on our list."

Rollins raised its dividend by 28.6 percent, to 9 cents a quarter from 7 cents, resulting in an annualized payout of 36 cents and a 1.8 percent yield.

Cramer also noted that Rollins is also a cash generator that averages $76 million in free cash flow a year, with $82 million in just the first three quarters of 2009. And the company is now focused on improving customer retention and increasing its sales yield through better closure rates.

Additionally, Cramer said the company made a smart acquisition by buying Home Team Pest Defense in 2008.

Click here to read the entire story.

Source: CNBC

Top news

ScottsMiracle-Gro Signs Definitive Agreement to Acquire Action Pest Control

The Scotts Miracle-Gro Company announced that its subsidiary EG Systems, Inc., doing business as Scotts LawnService, has signed a definitive agreement to acquire the assets of Action Pest Control, Evansville Ind., which ranked 56th on the 2014 PCT Top 100 list, with annual revenues of $11.6 million. The transaction, which is expected to close by January 2015, would mark Scotts’ first acquisition of a structural pest control business.

NPMA Pinnacle Award Presented to Tom Fortson

Fortson, longtime president of Terminix Service, Columbia, S.C., was announced as recipient of the NPMA Pinnacle Award, NPMA’s highest honor.

NPMA Looks to the Future During PestWorld Opening Ceremony

More than 3,000 industry professionals from 80-plus countries have traveled to Orlando, Fla., for PestWorld ’14. The Opening Ceremony, sponsored by Bayer, featured musical act Rhythm Extreme.

Convention Q&A: Billy Tesh

PCT Editor Jodi Dorsch sat down with the NPMA president to learn more about the association's new initiatives, rapid changes that are occuring and the future of NPMA — including its search for a new EVP.

Slideshow: PestWorld 2014

Photos taken by the PCT staff from the first few days of NPMA PestWorld 2014

x