Secret Site Map
Saturday, November 01, 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

UPFDA Recognizes Contributions of Tommy Reeves at Board Meeting

Reeves recently completed a two-year term as UPFDA president where he was instrumental in establishing the future direction of the association.

Cope Named Director of Technical and Regulatory Services at Terminix

Dr. Stan Cope (retired Navy), who has been with Terminix since 2012, has been promoted.

Backed By Bayer Web Portal Relaunched

New Backed By Bayer is a a comprehensive customer-centric platform with new and expanded resources for pest management professionals.

P+L Systems Announces Acquisition

Group De Ceuster of Sint-Katelijne-Waver, Belgium announced the sale of its Environmental Care division to P+L Systems (Holding) UK of Knaresborough, UK, for an undisclosed sum.

Phil 'Doc' Nichols Joins Safer Home Services

Industry veteran Nichols has joined the Clearwater, Fla.-based company as its technical advisor.

x