text
stringlengths
47
679
label
int64
0
2
label_text
stringclasses
3 values
In addition, we believe it positions AMD very favorably against Intel (INTC, $20.59, Hold, Disclosures: B, G).
1
positive
Staff also indicated that the parties expect to be able to submit a joint proposal by May 21, 2004.
0
neutral
SUMMARY (BUY): Amgen announced 1Q03 financial results.
1
positive
That said, there are a couple not insignificant obstacles to the company implementing a dividend program.
2
negative
It is going to be some time until the company "grows" its revenues into its existing cost structure; we believe that management should be more aggressive during this fiscal year and adjust its operation accordingly.
2
negative
Tomorrow, January 26, is the last date that a shareholder can file for proxy motions at BIIB's annual shareholder meeting, which includes an election of a portion of the Board of Directors.
0
neutral
Almost every time it has reached these levels in the past, investors who bought into the weakness made money over the next 12 months.
0
neutral
CVH is looking to expand health plan markets and may also be targeting specialty businesses, including workers' comp services.
0
neutral
Ex-this, charge-offs were $422m, or 59bps of average loans.
0
neutral
The court would then apply to other state courts to sequestrate the assets of Philip Morris (USA).
0
neutral
Based on 1Q01 results, we remain convinced that the process of turning the company around will be a long, arduous one.
2
negative
Our 12-month price target of $65, which implies 18% potential appreciation from the current level, assumes that WMT shares return to their lifetime historic average trading multiple of 28x forward year earnings.
1
positive
Overall, net LT inflows were $3.2 billion, or about a 7% annualized growth rate and in line with our expectations growth volumes held stable Q/Q despite moderate increase in industry volumes.
0
neutral
For those who have stuck with the stock thus far, selling at these valuation levels does not make sense.
2
negative
We still rate the shares Strong Buy with a 12-month price target of $75, although on a near-term basis the rate of increase enjoyed during the past week may not be matched.
1
positive
07 Qs do not sum due to a change in share count..
0
neutral
All regions delivered stronger than expected top-line but Europe.
1
positive
In our judgment, strong private equity results would far outweigh any pressures on net interest margins from higher rates.
1
positive
This reduces the chances of LNC getting acquired, especially considering the $300 million breakup fee (to be paid by either party).
0
neutral
In fact, the firm was a net user of $236 million in free cash flow during 2001, but free cash flow should be about breakeven in 2002.
0
neutral
Personal systems (PCs) continued to suffer as revenue dropped 4.8% to $3.9 billion.
2
negative
Uncertainty regarding its electric delivery rate case, which will be filed in August 2002 is expected to be resolved by August 2003.
0
neutral
The growth in Principal International was driven largely by the 3Q02 acquisition of the Zurich Afore pension operations in Mexico, as well as good results in Chile, and a $0.8 million gain from the elimination of goodwill.
1
positive
The company continues to look to broaden its scope beyond antivirus software, making a series of acquisitions to expand its footprint in the non-antivirus areas of enterprise software, including firewall and virtual private network technology,.
0
neutral
Rather we believe this contract renewal reinforces our thesis that PBMs add value to their largest customers.
1
positive
We believe stock's weakness likely related to asbestos, potential mutual fund.
2
negative
Such strength drove a five-fold increase in ACS's free cash flow year-over year to $48 million, 20% higher than our estimate.
1
positive
Entry into graphical advertising promotes exchange + end-to-end platform Perhaps most importantly, this acquisition better positions Microsoft to create a one-stop / automated shop for search / contextual / graphical / other advertising inventory (in the form of a dashboard / exchange) that allows advertisers of all si...
1
positive
On a free cash flow basis, Qwest is currently trading at 26.2x our estimated 2005 free cash flow (adjusting for the $125 million SEC fine), relative to 14.4x for the rest of the group.
0
neutral
In our view, Countrywide will warrant a premium valuation and as such we would peg the forward PE multiple range at 10.8x-11.7x or a price range of $49-$53.
1
positive
Company Comparisons - Broadcasting, Outdoor, Tower, Entertainment & Cinema Companies ($ in millions, except per share data)).
0
neutral
We expect used margins to show material declines yr./yr.
2
negative
The net interest margin for the quarter was 3.24%, down 2 basis points sequentially and 18 basis points from the year ago quarter.
2
negative
With many games shipped late in the quarter, there were significant outstanding receivables ($48 million), which are likely to come in over the next 3 months since most were short term in nature.
0
neutral
The CPMP announcement could occur as early as May 29, 2002.
0
neutral
What to expect going into this first year with the acquisition is new advertising, converting to Clorox systems, and into fiscal 2000 launching new products.
0
neutral
We do have two particular concerns as they relate to Golden West:.
2
negative
In Prepared Foods, we have modeled profits of $29 million, roughly equal to a year ago, as low protein input cost are offset by inflation pressure on other foodservice items such as pizza dough..
0
neutral
Management believes that its conservative lending practices at the peak of the cycle are serving the company well in the current environment.
1
positive
We are also reducing our 2009 estimate to $2.00 from $2.10.
2
negative
Now the other Canadian pipeline and utility corporations are obligated to seek similar valuations if they are available.
0
neutral
The restructuring plan first implemented in 2000, as well as other company initiatives, has dramatically improved operating performance at Hasbro.
1
positive
As a result, we see little operating catalysts until 3Q results are announced in April next year (given the IRI and AC Nielsen data do not track apparel, we have monthly data points for SLE only for the slow growing F&B businesses).
2
negative
We believe that management exercising options and selling shares is an annual occurrence should not be a cause for concern.
0
neutral
FTPS serves as the connection link between electronic cash registers and card issuers (e.g., Visa, MasterCard) in much the same way that FTPS connects banks' ATM networks with card issuers.
0
neutral
New product rollout should drive growth above market rates.
1
positive
Management made comments that the segment finished the fiscal year strong and mentioned that in North America, Alaris (infusion pumps) product placements are up more than 50% this year, compared to a market that is growing 2%-4% annually.
1
positive
We estimate that a quicker and successful rollout of Markdown Optimization could result in an incremental 50 bps to our gross margin forecast in 2005, which would translate to an incremental $0.16, or 5% upside to our 2005 EPS estimate of $3.00.
1
positive
In contrast, 25% of average Dacogen use is in AML or other, with 75% use in MDS (median 65%).
0
neutral
We then add the $2.67 of cash per share we have forecast for CY05 to calculate a $15 price target..
0
neutral
� We reiterate our BUY recommendation with a $33 price target.
1
positive
Better use of technology following significant unit-level investment and continued focus on time savings should solidify Wendy's operational advantages.
1
positive
Revenue is now primarily a cumulative measure of activity from previous periods and not the key number to focus on in assessing recent performance and sales levels.
0
neutral
The company attributed the revenue trends to a macro environment exhibiting softening outside the U.S., including Europe and Japan.
2
negative
The Company had unused lines of credit totaling $3.9 bil.
0
neutral
We are revising our 2004 Japan sales growth assumption down to 4% from 10% previously, lower than management 5-10% target.
2
negative
Valuation -- We arrive at our price target of $59.50 a share by averaging where the company should trade on to metrics -- MEV/EBITDA and NAV; 1. On MEV/EBITDA (market enterprise value to earnings before interest, taxes and depreciation) APA is trading at 4.0X our 2005 estimated EBITDA � we think it should trade at...
0
neutral
The operator will be 100% Shell-owned Shell Expro, which serves as the operator for all Shell/ExxonMobil joint ventures in the U.K. North Sea.
0
neutral
Moreover, GPU's dividend yield is high, at over 6% compared to the group average yield of about 5%.
1
positive
Additionally, Citrix currently trades at a discount to its historical EV/UFCF multiple of 15.5 times on average since March 2003..
0
neutral
Over the past year, the company had been impacted by the FDA restrictions on many of Hyland's competitors.
2
negative
AmSouth Bancorporation is headquartered in Birmingham, Alabama.
0
neutral
2002 capital expenditures are expected to be $5.5 billion, down from $7.3 billion last year, with 85% directed to capacity enhancements, half targeted for front end equipment, one-third for construction, and the balance for test and assembly.
0
neutral
Overall, we believe the strong results from Pulte provide further indication of ongoing fundamental strength at the large, public homebuilders.
1
positive
Specifically, BMY is attempting to increase the percentage of patients who are discharged from hospitals with a prescription by focusing on patients who do not receive an intervention and are generally not prescribed Plavix.
0
neutral
In the company' discussion of the Prudential HealthCare acquisition, s management stated that it confidently believed the operation would be accretive from the onset.
1
positive
Our 12-month price target of $40 (which is based on our discounted cash flow model) equates to 31.0x and 14.7x our 2000 EPS and cash flow-per-share estimates, respectively, as well as 25.0x and 12.6x our 2001 EPS and cash flow-per-share estimates, respectively..
0
neutral
However, KO shares yield nearly a full point higher at 2.5% versus 1.7% and 2.0% respectively..
0
neutral
It is American Standard's largest segment, contributing 60.3% of revenues and 77.0% of profits in 2006..
0
neutral
We estimate that PCS will spend about $768 million in capital expenditures during 4Q99, bringing its total for 1999 to $2.418 billion.
0
neutral
To that end, management has taken steps to reduce operating expenses by laying off 200 people in the recent restructuring.
1
positive
As such, this line item represented 3.2% of net revenues in 3Q01, compared with 3.3% in 3Q00 and 3.6% in the second quarter.
0
neutral
In our opinion, an economic slowdown would reduce loan growth, which has been a key driver in SNV's out performance over the last few years, and could lead to reduced revenue growth and profitability provided the company is not able to reduce its overhead expense to offset the decline in profitability.
2
negative
Infasurf is a lung surfactant; lung surfactants are necessary for pulmonary function.
0
neutral
And in terms of the balance sheet, BSC is much better positioned today than it has been in a long time.
1
positive
With persistent challenges in growing upstream volumes, COP warrants such a discount, in our view, and with the possibility for lighter than expected 2007 production guidance at the company's upcoming analyst meeting, we maintain our Neutral rating..
2
negative
Management's goal is to grow inventories at half the rate of sales.
0
neutral
Management noted that it has recently revamped its sales and service model and that momentum in improving.
1
positive
Limited and Special Edition product, such as a Legacy Ocean Soft duffle (stitched together pieces of ocean hued suede) for $498, and lower-priced items like wristlets for under $100 are recent examples of the brand's ability to capture new business.
1
positive
The gain on sale margin for loans sold in the quarter was 0.53%, down from 0.85% in 3Q02 and 0.56% in 4Q01, by our calculations.
2
negative
Based on the current trends, we are dramatically raising our 4Q01 EBITDA and EPS estimates, to $232.2 million and $0.40 from $216.1 million and $0.32, respectively.
1
positive
The company provides in-home home theater installation services in all markets, but in many of these markets, it utilizes third-party service providers.
0
neutral
Strong management team + solid fundamentals make EMR a core holding.
1
positive
5/25: CPN announces restructuring plan targeting cost savings, asset sales and debt deleveraging..
0
neutral
In terms of bookings, Rational saw an improvement in 3Q02 that was.
1
positive
In addition, Capital One is capable of leveraging its IBS systems in the prime and superprime markets and generating good receivables and earnings growth.
1
positive
We have increased our above consensus estimates, but expect to see consensus narrow the current gap in forecasts.
1
positive
Benefiting from the very low cost structure associated with drilling and completing wells in this area, along with the premium pricing characteristic of the Appalachian Basin, Range Resources' management on the company's conference call indicated that internal rates of return in the region, based on $7/mcf natural gas,...
1
positive
Microsoft reports PC OEM unit shipment on a sell-in basis, so the weakness in Client revenue last quarter likely reflected the inventory build seen by Intel and other PC component manufacturers in calendar Q3 and late calendar Q4.
2
negative
Near-term, we see a cluster of positive catalysts The potential for a predominance of positive outcomes from a series of upcoming events could help shift sentiment towards a more optimistic light.
1
positive
Verizon could do better than this if users from other wireline companies ported their numbers to Verizon wireless under the new plan.
1
positive
LOW - $22.21 Downgrading Shares of LOW with Home Improvement Not Improving Yet.
2
negative
Delivery operating margin expansion should come from expanding market penetration of Staples' own brand, leveraging infrastructure and improving its supply chain performance and improving their marketing efficiencies.
1
positive
Given that MSOs are trading at ~$3,500 per subscriber, there could be some minimal dilution to Comcast from this deal.
0
neutral
Looking forward, the company is implementing a number of steps which management believes will help hold costs down.
1
positive
We modeled annual penetration rates of 1025% for the 13-25 and 26-35 cohorts, peaking in years 3 and 4 as awareness builds and Glaxo enters the market.
0
neutral
...were up 11% from $0.72 reported in 1Q99 and above both our estimate of $0.78 and consensus of $0.79..
1
positive
CFO John Bryant stated that a 10% to 20% move in foreign exchange could translate into $0.05 to $0.10 hit to EPS.
0
neutral
Our revenue and EPS estimate was already in this range, as we looked for revenues in the second quarter to be just below $6.9 billion, and net income to approximate $177 million, or $0.31 per diluted share.
0
neutral
The Firstar/US Bancorp deal (not in our coverage) was also a high-premium deal and may face the same near-term problems as the Chase/Morgan transactions.
2
negative