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The Merger has been accounted for as a reverse acquisition under the purchase method of accounting, with U S WEST being deemed the accounting acquirer and Qwest the acquired entity. | 0 | neutral |
Question: Is management compensation tied to this strategy?. | 0 | neutral |
For 2007, we estimate $0.99 (with Adelphia) vs. consensus of $1.03. | 0 | neutral |
Our out year estimates for the company's bottom line remain unchanged. | 0 | neutral |
Hasbro Takes Steps to Streamline Balance Sheet Reducing leverage has been a key priority for Hasbro, which targets debt to capitalization of 25-30%, compared to its current mid 30's ratio. | 0 | neutral |
As we have said in the past, the Bells are in the stage where they need to navigate between growth initiatives and making their EPS estimates. | 0 | neutral |
According to Novartis, the company was approached by the independent Chiron directors to "clarify their position" with the Chiron stake. | 0 | neutral |
Although visibility is always questionable, management expects the room air conditioner market to continue to grow with shipments expected to rise consistently throughout the period. | 1 | positive |
In Latin America, revenues were $401 million, up 17% year-over-year and 12% sequentially. | 1 | positive |
We sense QLogic Corporation can capture a meaningful portion of the Symm 5 Spider program at EMC.. | 1 | positive |
Because the market-share-leading product, Pharmacia's Xalatan, is labeled to have equal efficacy to twice-daily timolol, we believe Alphagan may be a "best-in-class" therapy.. | 1 | positive |
With wholesale prices soaring and currently averaging a fourfold increase over average wholesale power prices a year ago, we believe our supply-driven macro is currently in full swing. | 1 | positive |
Insulin delivery (pumps) is expected to be a $2.6B market by 2010, growing 15%. | 0 | neutral |
Our 1999 earnings estimate of $2.10 per share remains unchanged. | 0 | neutral |
WFC also anticipates higher home equity losses, per the 2Q08 pre-recorded comments, "Until home prices stabilize we expect higher losses in the home equity portfolio." Currently. | 2 | negative |
Wendy's raised its quarterly dividend from $0.12 to $0.135 to maintain its target dividend payout of 18-22% and target yield of 1.1%-1.2%. | 1 | positive |
The company's targets used to be a dream, then they became a hope; now we believe they can become reality. | 1 | positive |
When including 2010 maturities ($1.1B) and $900mm+ in incremental development spending, additional funds may be necessary for VNO. | 0 | neutral |
As a percentage of total revenue including earnings from unconsolidated affiliates, R&D decreased by 10 basis points year over year to 4.6% and declined by 80 basis points sequentially. | 1 | positive |
In studies, bone interface shear strength at 4 weeks was twice that of traditional sintered beads, while soft tissue attachment was five times greater. | 1 | positive |
- Agencies: We believe that digital/personal video recorders (PVRs) will dramatically reduce the demand for :30 TV commercials, which could reduce IPG revenues by 17% over a period of time. | 2 | negative |
However, CBS has much more leverage than SBGI in its negotiations with the larger operators, due to its strong network affiliation and numerous large-market television stations. | 1 | positive |
1Q07 Early Read: "Core" In Line, FY EPS Guidance Unchg'd Ex Specials Disclosure information. | 0 | neutral |
Huntington appears to be liability sensitive, not neutral Based on our interest rate sensitivity model, we believe Huntington is liability sensitive (versus Huntington's disclosure that it is neutral)--in our view, since we have assumed more conservative deposit repricing.. | 2 | negative |
The massive campaign recently launched to promote Finding Nemo is an example of Disney's phenomenal worldwide marketing capabilities. | 1 | positive |
This range includes the actual catastrophe losses to date in 4Q03 and assumes an average level of catastrophes for the rest of 2003. | 0 | neutral |
STOCK RATING OVERWEIGHT Price (August 24, 2004) $67.45 Price Target $78 52-Week Range $74.18-62.48 Stock ratings are relative to the analyst's industry (or industry team's) coverage universe. | 1 | positive |
Based on this analysis, there is no doubt that the capital markets are certainly already factoring-in significant downside risk from here into the Aetna story. | 0 | neutral |
The stock has come quite far, quite fast up an impressive 90%+ in 2003--on the strength of the CRM business. | 1 | positive |
Moreover, management expects more than 2 million homes will have access to VOD technology by year-end. | 0 | neutral |
� We now base our bear case valuation on an 18x price to 2008E fully-taxed free cash flow multiple and unconsolidated assets. | 0 | neutral |
This division gains driven by a super-major covering the Gulf of Mexico, mid-continent and US Rockies. | 0 | neutral |
The company completes its chipset family with either an ASIC. | 0 | neutral |
Management estimates that currency will contribute approximately $90 million in sales to F3Q04, or 4% to sales growth. | 0 | neutral |
Terminal growth rate: We developed explicit Free Cash Flow (FCF) estimates for FY 2007-FY 2011. | 0 | neutral |
The XIENCE stent also has a persuasive body of pre-clinical evidence suggesting that the Abbott device might be the best at promoting effective vessel wall healing. | 1 | positive |
Previously we opted to perform comparable analysis only on the semiconductor piece of QCOM's business, opting to value the royalty business as a fixed income asset. | 0 | neutral |
North America sales were the strongest segment, growing 16% sequentially and represented 69% of revenues. | 1 | positive |
Prices (as of 09/08/98) of other securities mentioned in this report follow: Bell Atlantic (BEL-NYSE $44, Strong Buy) France Telecom (FTE-NYSE $79, Not Rated) SBC Communications (SBC-NYSE $38 3/4, Strong Buy). | 1 | positive |
The Emergence Of The Internet - Towards a Market Maker Model?. | 0 | neutral |
The top end of management guidance narrowed for 2005 from $2.43-$2.53 to $2.43-$2.46. | 0 | neutral |
The regulated subsidiaries maintain strong stand-alone credit profiles with stable cash flows and favorable operating characteristics, including solid competitive positions and relatively constructive regulatory environments. | 1 | positive |
Appendix 1. Important Disclosures Additional information available upon request. Disclosure checklist Company McKesson Ticker MCK.N Recent price* 58.85 (USD) 23 Jul 08 Disclosure 2,6,15. | 0 | neutral |
While initially Stanley will ship 112 SKUs (stock keeping units) to all 26,000 U.S. Wal-Mart stores, it is likely that SKU counts will eventually rise toward 250.. | 1 | positive |
o Upward revisions to aircraft deliveries results in positive increase in EPS for FY00-FY02. | 1 | positive |
AMD cut prices on its value Sempron offerings, pulling prices below Intel's comparable offerings. | 0 | neutral |
Regardless of whether or not equity markets turn around, it could be difficult for flows to meaningfully improve in the short-run, given disappointing performance. | 2 | negative |
We strongly reiterate our Strong Buy on AWE, Telecorp PCS and Triton PCS and we reiterate our Buy on ALLTEL, Sprint PCS and Voicestream.. | 1 | positive |
Williams is currently in negotiations to redo its five year and revolver facilities, likely to be rolled in the June / July timeframe.. | 0 | neutral |
Symmetrix 3630 and 5630 systems are high-performance, entry-level systems for business and remote applications with a maximum capacity of 1.2 TB.. | 0 | neutral |
Local Voice We expect retail line losses to slow for two reasons: First, Qwest has stepped up marketing efforts with the launch of Qwest Choice and is discounting across its entire product suite. | 1 | positive |
We are maintaining our 2005 operating EPS estimate of $4.90. | 0 | neutral |
Higher D&A was due to $14 million of amortization of securitization bonds issued in August 2003 (has a revenue offset) and increased investment. | 2 | negative |
For the fiscal year, we expect EPS growth of more than 10%, to $1.99, driven by strong volume gains in the convenience foods business, increased market share in a stabilizing cereal category and $25 million ($0.05 per share) in cost savings, which should fall to the bottom line. | 1 | positive |
Paychex is a national provider of payroll processing, human resources, and benefits outsourcing solutions to small- and medium-sized businesses. | 0 | neutral |
Furthermore, we expect positive management comments concerning ABC's Upfront ad-sales performance, as we believe that ABC was able to command 9-10% price increases. | 1 | positive |
We expect Altria (PM USA & PMI) will be net cash positive at the end of 2007 with about $36bn available (approximately 1/3 PM USA, 2/3 PMI) while maintaining current credit ratings. | 0 | neutral |
Operating results showed strong year over year improvement, as operating income grew 14.4% to $677 million on an 80 basis point improvement in the company's operating ratio to 71.7%.. | 1 | positive |
The vast majority of these customers are low-speed, dial-up customers. | 0 | neutral |
In the U.S., growth from both the direct sales force and sales agents were well below historical levels, particularly in DocuTech and Production Printing. | 2 | negative |
Sales Per Square Foot Productivity Metrics Appear To Be Peaking. | 2 | negative |
The company's deal flow and knowledge of financings offer long-term sustainable competitive advantages. | 1 | positive |
At 11.5x our calendar 2004 estimate of $1.63, Sara Lee at mid afternoon was trading at a 23% discount to its group. | 0 | neutral |
Including FAS123 stock-based compensation expense, Qualcomm's GAAP EPS would have been $0.27. | 0 | neutral |
We expect management may have to rely on joint ventures, like the one it entered in Q305 with j.star brands, in order to market and distribute spirits brands. | 0 | neutral |
Hartford Financial Services reported 2Q05 operating EPS of $2.02 versus our estimate of $1.92 and the First Call consensus estimate of $1.90. | 0 | neutral |
10-Q Review: Some Headlines But Little New Information - November 14, 2003. | 0 | neutral |
This reflects the company's solid balance sheet, brand equity, diverse end markets and geographic distribution, solid history, and track record of innovation. | 1 | positive |
However, we believe Gap's significant bet on denim may result in Gap's leaving some key back-to-school business on the table-- particularly in the important sweater, activewear and outerwear categories. | 2 | negative |
The company markets its products under nationally known brands including Jones New York, Evan-Picone, and Rena Rowan. | 0 | neutral |
In the SuperValu group, we can assume that most of these will be retained and operated by SuperValu. | 0 | neutral |
Steven Temares (41) handles the day-to-day management of the company, and was promoted to president and chief operating officer in January 1999. | 0 | neutral |
None of these markets appears to have any imminent concerns. | 0 | neutral |
Venator also remodeled 459 stores in 1998, 330 or 72%, of which were in its athletic group. | 0 | neutral |
We have spoken to the former CEO of an acquired bank who strongly believes that the recent changes in how Summit approaches commercial and small business lending will place more emphasis on performance in those areas. | 0 | neutral |
We would also look for Germany, which accounts for perhaps 10% of revenues, to make a greater contribution as it moves along its maturation curve.. | 0 | neutral |
We estimate these items contributed about a net $0.04 per share to after-tax earnings. | 1 | positive |
Company Description The PNC Financial Services Group, Inc., headquartered in Pittsburgh, is a diversified financial services organization. | 0 | neutral |
Considering recent trends in the greater domestic HW ad market and more potential ecomm downside, we remain cautious on the stock, though valuation looks reasonable. | 2 | negative |
OI is also selling at a P/E to expected EPS growth rate of 0.75x, undervalued when compared to the current packaging industry median multiple of 1.56x. | 0 | neutral |
Excluding the $0.2 million in severance, the margin would have been 15.6%.. | 0 | neutral |
As channel counts continue to rise and spacing decreases to 100 GHz and smaller, thinfilm filters become very expensive (almost double the cost per channel) compared with Arrayed Waveguide. | 2 | negative |
Europe, South America, and Asia equally split another 24% of the market. | 0 | neutral |
Conclusion: We reiterate our Overweight rating in a Cautious industry view. | 1 | positive |
Plans call for $400 million in repurchases in 2002, and $500 million each in 2003 and 2004, which would require a new repurchase program. | 0 | neutral |
Operating expenses increased only 2% year over year to $752 million, which was exactly in line with our estimate. | 0 | neutral |
However, we suspect these may be as much a reflection of higher deferred costs as of better performance. | 2 | negative |
While the blood glucose system has not yet panned out for the company, the other two legs to the bull story, safety products and improvement in the Biosciences market, have performed better. | 1 | positive |
Receivables Efficiency Ratio Marketing Exp./Net New Account Tax Rate. | 0 | neutral |
Cost savings are being achieved broadly and essentially across the board. | 1 | positive |
We estimate that Federated manages about $65 bn of retail money market funds. | 0 | neutral |
Other Retail 10 - 12 bps Retirem ent Plans 13 - 15 bps Institutional Solutions 10 - 12 bps. | 0 | neutral |
We forecast 2% gallon growth for the full year, 10% revenue growth, and 15.5% operating profit growth for the Europe, Eurasia and Middle East segment. | 0 | neutral |
He is also in charge of a variety of corporate-wide administrative areas, including: travel; security; and other business support services. | 0 | neutral |
EOP reported a disappointing Q3 of $0.50 per share versus our $0.62 per share estimate and the $0.60 consensus. | 2 | negative |
Upon FDA approval, Chemtrak's stock shot up 75%to $12.25 per share. | 1 | positive |
Our one concern is the continuing pressure from rising energy and raw materials costs, although those problems existed for most of last year, as well. | 2 | negative |
Of the per-protocol population, defined as the patients who were compliant with the study's protocol requirements (n=74), Fabrazyme treated patients demonstrated a 61% decrease in clinically significant events compared with placebo (p=0.034). | 0 | neutral |
We have also raised our 2004 estimate to $2.78 per share from $2.69 due mainly to new guidance on effective income tax rates. | 1 | positive |
Wells Fargo has a higher touch business model, which results in a higher expense ratio than some other competitors. | 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.