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Imports are required to supply marketing positions in Cambodia, China and Hong Kong, Malaysia, the Philippines, and New Zealand. | 0 | neutral |
We are raising our 2001 EPS estimate to $1.40 and maintaining our 2002 estimate of $1.60 per diluted share.. | 1 | positive |
We believe that the potentially understated global demand , , , Mi, , , outlook for networking equipment is another factor that leads to Lucent's deserving a premium valuation. | 1 | positive |
We continue to believe that ALLTEL offers holders a stable free cash flow stream from its wireline operation, while providing exposure to the faster growing wireless business.. | 1 | positive |
Artists and Repertoire (A&R) is the new business development arm of a music company. | 0 | neutral |
Gartner expects the storage subsystems (networking) market to grow at an 8.9% CAGR through 2010, when the market is expected to reach $3.4 billion.. | 1 | positive |
Pfizer consumer products sales were $486MM (+7%) in 1997. | 0 | neutral |
Dell's worldwide server share increased to 21.6% globally. | 1 | positive |
International Intermodal is very volatile and it could be further impacted if the downturn affects consumers in an important way. | 2 | negative |
In our view, the major issue that management successfully addressed was the company's ability to consistently increase its earnings, even after the recent success with the Duet stent. | 1 | positive |
Based on our 2008/2009 estimates, AMT trades at EV/EBITDA multiples of 21.0x/19.2x, which are toward the high end of recent historical ranges. | 0 | neutral |
Valuation and Risk Discussion: Our primary valuation determinant is a long-term DCF model with a 10-year CAGR of free cash of 5%-7%, a 3% terminal growth rate and a 12% discount rate. | 0 | neutral |
There have been other examples of such consolidation in the EMS industry and we believe there will be more going forward. | 0 | neutral |
Hence, using the most optimistic of scenarios could yield a net asset value of $20-22 per share. | 0 | neutral |
We expect foundries to step up spending and expect Applied's orders to be $1.7B (+/- $100M) for October and $1.9B (+/- $100M) in January, up from $1.47B in July (which was in line with our estimates). | 0 | neutral |
Also, domestic beer demand has begun to grow again, the company's internal generation of excess cash has accelerated, and the firm's rapidly growing international operations have expanded to a size such that a significant contribution to corporate profit progress is possible. | 1 | positive |
EMS business, we estimate that normal operating margins are likely toward the low end of a range of an industry normal range of 3.5-4.5%, given almost 50% of the remaining business is high volume end products such as PCs and multimedia (set top boxes). | 0 | neutral |
We also believe that management will continue to pay the company's dividend, and hopefully increase it further, or buy back shares. | 1 | positive |
The sales associate had to find all the items on the selling floor, count them, change the tickets, and write down the count on the sheet of paper. | 0 | neutral |
We are also lowering our 2001 EPS estimate by $0.01 to $0.92. | 2 | negative |
For Q4, YUM posted blended comp growth of 2%, in-line with our target and versus 1% last year. | 0 | neutral |
We believe the FTC will eventually approve the planned merger of Dow Chemical and Union Carbide. | 1 | positive |
Currently, this stock receives a year 2000 P/E multiple of 33.5-times. | 0 | neutral |
None $27.92 We are downgrading the shares of VERITAS from Sector Outperformer to Sector Performer, effective December 17. | 2 | negative |
Semiconductor revenue now expected to be in the range of $3.28-3.42b (-4% to 8% q/q)) versus prior guidance of $3.39-3.66b (-5% to +2% q/q). | 0 | neutral |
As the stock cheapens, it could further interest other industry players to make an offer for OMX, leaving some level of support in the mid $20s for shares, in our view.. | 1 | positive |
Valuation, Rating and Target price Our $30 target price is based on a sum-of-the-parts analysis, using an 8.0x EBITDA multiple for the contract business and 6.5x for retail. | 0 | neutral |
Taking our average EPS projection for 2005-2006 of 7%, the company's PEG ratio would be a lofty 4.13 times (higher if taking just organic growth). | 0 | neutral |
By the end of 2000, we estimate WMB will have $3.5 billion of assets in the telecom business. | 0 | neutral |
Management intends to tighten its control over administrative costs and capital expenditures, and, in doing so, will eliminate 600 incremental administrative positions. | 1 | positive |
Longer-term operating margins of 12% are targeted by 2005. | 0 | neutral |
The cable stocks currently trade at a range of 11x to 17x run-rate EBITDA, on a total enterprise value basis, considerably higher than their historical range of 7x to 11x. | 0 | neutral |
Pharmaceutical Sales Were Below Our Expectation In Q1. | 2 | negative |
Figure 4: Expected Avon currency exposure assuming current spot rates. | 0 | neutral |
Our new FY04 revenue and EPS estimates stand at $10.9 million and $0.01 versus $12.1 billion and $(0.02) previously. | 0 | neutral |
The company previously guided to $6.5 billion for the year. | 0 | neutral |
We believe an industry-low target multiple is appropriate given Lucent's earnings quality issues, legacy products exposure, and potentially aggressive guidance.. | 2 | negative |
We continue to believe that the stock is attractively valued on a sum-of-the parts basis and in its relative valuation versus both IBM and the S&P 500. | 1 | positive |
For FE, we assume some cost deferrals in Ohio per the recent rate settlement agreement. | 0 | neutral |
While the company stated that they were ahead of their breakeven goal, they expect to further reduce expense levels for which the company expects to take a small charge in 4Q. | 1 | positive |
Sports Licensing (mainly Pro Player) sales were off $20MM on a soft market for outerwear and on the effects of the bankruptcy of Starter, while European revenues also declined $20MM. | 2 | negative |
This suggests demand for Sun's products was weak entering the December qtr. | 2 | negative |
However, as earnings momentum picks up in the second half of this year and WMT returns to historical earnings next year, overall returns should improve. | 1 | positive |
QVC revenue increased 18% and operating cash flow (OCF) jumped 20.2%, with substantial growth in QVCs international operations of 36.7% for revenue and OCF more than tripled, albeit off of a small base. | 1 | positive |
The prevailing environment seems to favor normal seasonal patterns over the course of the year, and customers seem to be more positive this year relative to last. | 1 | positive |
iPod ASPs increased 5% Y/Y to $201 from $191 in the prior years quarter which reflects a product shift towards higher capacity nanos and video iPods relative to low capacity nanos and shuffles. | 1 | positive |
However, our new understanding of the severity and timing of the revenue loss has surprised us to the down side. | 2 | negative |
On October 2, 2000, Mirant Corporation (formerly Southern Energy), a wholly owned subsidiary of Southern Company offered approximately 20 percent of its common stock in an initial public offering (IPO). | 0 | neutral |
While customers remain wary of undertaking multi-year investment projects in the current climate, and LNG orders continue to be pushed out, natural gas prices above $3 make world-scale LNG projects exporting to the U.S. feasible. | 2 | negative |
Our 12month price target of $68 is about 29x our CY04 EPS estimate of $2.37.. | 0 | neutral |
Gross margin of 63.3% was slightly below our 63.5% estimate and down 30 basis points from 63.6% in 2Q02. | 2 | negative |
Rating and Valuation We have an Overweight rating on PLD based on the strong development pipeline, improving global fundamentals, and reasonable relative valuation compared to its industrial REIT peers. | 1 | positive |
The following table presents the most recent contract cancellations that resulted in either mutually-agreed settlements or unilateral cancellations and legal disputes:. | 0 | neutral |
Lower interest income on cash balances, lower deliveries driving reduced overhead absorption also impacted. | 2 | negative |
� Positive Implications for SBC shares: 1. While RBCCM financial forecasts were significantly higher than the street, SBC shares should respond positively to higher street EBITDA, EPS and FCF estimates for 2006. | 1 | positive |
In 2006, Walgreens began offering in-store health clinics that employ nurse practitioners to treat walk-in patients for minor ailments. | 0 | neutral |
Internally at ProBusiness, ADP was viewed as the enemy, and this acquisition undoubtedly is causing great turmoil within the organization. | 2 | negative |
From a guidance perspective, management maintained its cash flow forecast of $900 million to $1 billion, however the new range implies a significant quarterly decline in cash flow and bookings. | 2 | negative |
The hit at TAP slowed 18.8% adjusted operating income growth down to just 8.2% growth on the pre-tax income line. | 2 | negative |
Nevertheless, given our view pricing would logically be relatively weak, we have reduced our 2008 realized price assumptions. | 2 | negative |
The use of Aromasin also resulted in longer survival rates: the mean survival time for patients taking Megestrol is 120 weeks, while the mean time for Aromasin has yet to be determined. | 0 | neutral |
The difficult banking environment, characterized by slowing deposit growth and an inverted yield curve, is likely to persist near term. | 2 | negative |
The company subsequently increased its stake to 26% in 1994. | 0 | neutral |
We believe there is upside to Consensus estimates for Intel during the rest of 2007 due to share gains and higher margins and we reiterate our Overweight rating.. | 1 | positive |
Further, many underappreciate the degree to which floater markets are fluid across markets and asset classes. | 0 | neutral |
Lampert's 18-year track record of 29% annualized returns at ESL Investments is the best estimate of what he could potentially generate going forward, we recognize that past performance is not a guarantee of future results. | 0 | neutral |
Cap-ex in the quarter was $179M, 4% below our $186M estimate. | 2 | negative |
Consistent mature market performance continues to be a challenge. | 2 | negative |
The company targets similar levels of FCF growth in 2004 as in 2003, suggesting FCF could increase to roughly $600M in 2004 versus $87M in 2003.. | 1 | positive |
AAAs develop and enlarge as hemodynamic forces (i.e., blood pressure) exert pressure on the walls of the abdominal aorta. | 0 | neutral |
On January 4, 2007, Google announced new features for Google Search Appliance that would enable enterprises to customize the search results. | 0 | neutral |
The creation of a new position, President of North America, makes sense, but there is pressure to fill this spot as well as bring in a new chief merchant at a critical time. | 0 | neutral |
In our view continued strength in underlying aluminum prices points to additional upside in AA shares, even after the recent rally (+26% vs. the October low) Accordingly, we reiterate our relative Outperform rating.. | 1 | positive |
We also note NWS is active in dealmaking and a large transaction could pose either upside or downside risk as well. | 0 | neutral |
In addition, Red Lobster has opportunities to drive sales and operating profits by expanding alcohol sales as a percentage of the sales mix. | 1 | positive |
U.S. Bancorp is transforming the West's more staff-driven focus to the more line-driven focus of the East by cutting through bureaucratic middle layers between the CEO and line managers. | 1 | positive |
However, an analysis of changes in relative age between GM and Ford in isolation, together with forward relative stock performance proved to be a useful exercise. | 0 | neutral |
Given a flattish gross margin outlook this year, we would expect this incremental expense to be repeated. | 2 | negative |
TEX's return on assets was 1.24% in the most recent year and 9.29% in the previous year, therefore it fails this test.. | 2 | negative |
In particular, they plan to launch their "Oncology Pharmacy Network" in '04 (50% of the company's current pharmacy spending is on oncology drugs).. | 0 | neutral |
The growth of derivatives and prime brokerage but also the move from agency to principal are the causes of this. | 0 | neutral |
16 of 33 (see legal disclaimers and disclosures on page 33). | 0 | neutral |
As discussed in other reviews, we believe that developing a video business alone could easily remove as much as 300-500bps from EBITDA margins for a period of as long as three-to-five years. | 2 | negative |
In addition, spending on R&D appears to be creeping upward. | 0 | neutral |
Our checks indicate that digital cameras also continue to sell well at retail, relative to other items. | 1 | positive |
Carnival lent cruise distributor National Leisure Group roughly $30 million towards the purchase price of MyTravel's North American cruise business (formerly Travel Services International). | 0 | neutral |
However, we anticipate that core wireline operating cash flow will be lower in 2006, and therefore even after Cingular's dividend ($400m), the group's operating cash flow is unlikely to be much higher than $11bn, which after $6.3bn capex would leave less than $4.8bn of FCF. | 1 | positive |
On a worldwide basis, we estimate there have been 261.4M new listings. | 0 | neutral |
Mexico's mortgage market has been rejuvenated over the past few years owing to the growth of local credit bureaus (which provide greater insight into borrowers) and recently enacted bankruptcy laws, which are similar to U.S. standards. | 1 | positive |
In addition, Lehman's growth in and outside the U.S. has been predominantly organic. | 1 | positive |
United has developed an innovative clinical model to combat some of the ills of the current healthcare system. | 1 | positive |
Sales benefited from strong demand for video game hardware and software, Pokemon trading cards, games and toys, Furby, Barbie, and Star Wars merchandise. | 1 | positive |
5. UPS has a proposed a 5.9% list rate increase on its Hundred Weight (LTL product) product during C04E. | 0 | neutral |
Balance sheet snapshot: At the end of the Q407, Lowe's had $796 million in cash and short-term investments on its balance sheet and $4.3 billion in long-term debt. | 0 | neutral |
We are assuming that HPC does a $500 million convertible preferred issuance in 1999, and issues $385 million in common ($187 million to fund the BTL ESOP and $200 million has been pre-sold).. | 0 | neutral |
The key challenge for the company will be its ability to retain a sufficient portion of the merger savings for the shareholder. | 2 | negative |
More importantly the company expects to add 34 new models in 2H08 (for 50 new devices in 2008) and expects to add more new models in 2009 than 2008. | 1 | positive |
The company finished 2006 with 687,000 FiOS data subscribers and 207,000 FiOS TV subscribers. | 0 | neutral |
However, UltraDMA 100 isn't too far around the corner.. | 0 | neutral |
The company is likely to spend a majority of its efforts applying technology advances used in the San Juan Basin to the recently acquired Deep Basin. | 0 | neutral |
Subsets and Splits
Balanced Sentiment Sampled Data
Collects a balanced sample of positive, negative, and neutral labeled samples for potential training or analysis, but provides limited insight beyond the selection process itself.