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Capital Services � In Q4, PBI made significant efforts to re-vamp its Capital Services business, to minimize the risks associated with its lease portfolio.
1
positive
The potential loss of DSL market share was a major investment controversy a few years ago, although it is less significant for the company now (since a significant amount of share has already been lost).
2
negative
As previously mentioned, we have fine-tuned our fiscal 2002 R&D and SG&A forecasts to $148 million from $133 million and $247 from $232 million, respectively.
0
neutral
development that has accompanied the shift to Low Cost Countries (LCCs) now find their appetite insatiable for additional water, electrical power, deep water ports, LNG pipelines, aviation, oil & gas, railroads and innumerous other critical supporting elements that determine whether a economy barely functions or flies ...
0
neutral
As we published last week, we believe that Cisco is working on a new data center switch (the DC-3) that integrates Fibre Channel, Ethernet and potentially Infiniband to simplify architectures, reduce power consumption and improve asset utilization/performance.
1
positive
Further, we expect to see data from the new carbonate formulation of Renagel in ESRD patients.
0
neutral
We are reducing our 2009 EPS estimate by $0.18 to $0.48, which reflects the impacts of a significant turnaround at Tesoro's California refineries in Q1'09.
2
negative
We got the impression that Mr de Molina philosophically believes BAC can operate with less capital, but that he'll continue to manage for all constituencies.
0
neutral
13-week data from the study presented at ASCO last June suggest that denosumab was at least non-inferior to IV biosphonates in preserving bone integrity as determined by surrogate marker measurements, and that incidence of skeletal related metastases appear to be at least as equivalent if not less frequent in the denos...
0
neutral
Other key attributes include national scale and a broad scope that includes all energy commodities.
0
neutral
Rather, the call focused on a number of detailed metrics, which have implications for the industry as well as WellPoint. We highlight each here.
0
neutral
3. Shares outstanding will increase each year as new shares are issued to AES in accordance with each year's actual tax savings from the goodwill amortization.
0
neutral
The improvement was mostly due to favorable product mix during the quarter as respiratory and sun care products offer higher margins.
1
positive
We expect Windstream to have a cash balance of $94 million and total long term debt of roughly $5.4 billion as of 9/30/08.
0
neutral
We believe that inventories were well-managed during the year.
1
positive
(units in $/gallon; 1 gallon of benzene = 7.36 pounds).
0
neutral
A decline in oil prices toward more normalized levels would provide attractive upside from the current levels.
1
positive
PBI operates through three separate business segments: Global Mailstream Solutions (GMS), Global Business Services (GBS) and Capital Services (CS).
0
neutral
By investing in power, it should be better positioned to index and serve targeted advertising across all of the world's information.
1
positive
The other flooring classifications, including sales to home centers, commercial product, residential tile, and laminates posted modest to good positive increases in the quarter.
1
positive
Either Nextel or one of the Class A shareholders can challenge the fair market value, but in order to do so successfully the challenge will need to demonstrate that the fair market value determined under the appraisal process was grossly incorrect or fraudulently obtained, and what the correct fair market value should ...
0
neutral
Sources: Some IDC historical data, company reports and Fulcrum Global Partners estimates..
0
neutral
Thus, we are reducing our results for 2001 to a cash loss of $0.04 versus a profit of $0.35 on sales of $408 million versus $500 million.
2
negative
$1.2 billion in leases and corporate loans has been earmarked for disposition and should run off over the next five-plus years.
0
neutral
Given the significant accretion to EPS and DCFPS, the potential for synergistic production and reserve growth, and the potential accretion to NAV, we view the UPR merger as an outstanding transaction; positive for both APC and UPR shareholders.
1
positive
The main downside risk appears to be a slower than anticipated.
2
negative
Oncology sales, about 23.0% of total sales, increased 13.5%, to $60.7 million, versus our estimate of an 8.4% increase to $58.0 million.
1
positive
Not to be overlooked however was the 30% increase in FCF/shr and the $660m of debt reduction in the Q. FCF Generation Remains Paramount Focus.
1
positive
We believe that HNZ has a reasonable platform for growth with food service and Asia, and a much improved financial infrastructure.
1
positive
* ODP believes it can take 300 basis points of expenses out of the BSG division over the next three to four years.
1
positive
Topping the list for us was the implied commercial margin targets of 10-13%, a striking contrast to previous 4-yr average of 6.6% (ex.
0
neutral
A potential acquisition on Suncor could move Chevron from the number nine oil sand player, to the number one player overnight.
0
neutral
estimate of $3.72 and continue to rate the shares of CSX Corporation MARKET PERFORM..
0
neutral
Lean workouts and a sales mix shift to greater service revenue versus product revenue should lead to margin expansion.
1
positive
Despite today's decision, Sierra will likely appeal the GAO decision to the Federal Courts, where it can forestall contract implementation.
0
neutral
The shortfall was attributed, in part, to semi assembly and test constraints.
2
negative
During FY 2000, the company strengthened its presence within the accounting community with its participation in a comprehensive website called AccountantsWorld, which is accessible via the Paychex website.
1
positive
Net new assets are seasonally slower in April, due to tax-related payments, and we expect Schwab to generate organic growth back at about 10% in May. Total account growth was 1% sequentially (12% annl), including a 4% sequential increase in banking accounts.
1
positive
Per diem rate growth held up nicely across all payers.
1
positive
While we do not incorporate the Merck-related amortization expense, our model does factor in amortization expense from the Accredo acquisition, as well as the company's other M&A activity..
0
neutral
First, both stocks are within striking distance of our price targets.
0
neutral
SUMMARY Waste Management reported 3Q EPS (adjusted for nonrecurring items) of $0.49, meeting Street consensus and beating our $0.47 estimate.
1
positive
This was partially offset by lower interest expense.
1
positive
Net earnings for the fiscal 1999 year-to-date period were $66.3 million, or $1.23 per share, including an after-tax gain of $1.4 million, or $0.03 per share, from the sale of the net assets of the Better Homes and Gardens Real Estate Service in the fiscal 1999 first quarter.
0
neutral
Our feeling going into the bidding process was that UnitedHealth would be a very aggressive bidder, using its market clout to potentially push smaller plans above the benchmark.
1
positive
Space Systems is teaming with Boeing and TRW in a $1.1 billion contract to develop an Airborne Laser (ABL) weapon system which would destroy missiles with a laser mounted on a 747-400F.
0
neutral
However, we can't help but take note of the plethora of drug candidates that are in the running to displace Avastin.
0
neutral
Interest Expense is less on a continuing basis, as it assumes that all the debt on the books of AchieveGlobal, Allen Communications and Stay Well is divested..
0
neutral
I mean it is the question of whether you are capable of building a brand.
0
neutral
We expect HMA to report F3Q04 EPS of $0.36, in line with guidance and consensus.
0
neutral
Meanwhile, Nextel continues to spend several hundred million dollars a year purchasing and clearing spectrum so that it will have contiguous frequencies to make such a strategy viable.
0
neutral
We note that Europe sales rose 13% in July, 16% in August, and 18%+ in September.
1
positive
The goal is to reach 40% of U.S. millionaires versus about 26% today.
0
neutral
discount future cash flow at 12% to compensate investors for risk, and then perform a sensitivity analysis on the final-year P/E multiple.
0
neutral
US Advertising Agencies & Marketing Services Page 3 of 7. .
0
neutral
We anticipate that both Miller and Coors will selectively match A-B price competitiveness in order not to not let A-B gain share just on price.
0
neutral
Reluctantly, our discipline requires a price target reduction commiserate with our earnings reduction.
2
negative
Our sense is that ultimately it will be a one year fix, delaying some of the pain for another year.
2
negative
Specific actions include headcount reductions of 14.5K (10% of total workforce), the consolidation of the Customer Solutions Group into HP's three operating units, and modifications to the company's U.S. retirement program.
0
neutral
Following approximately 2% growth in 2003, the market is anticipated to have mid-to high-single digit growth through 2007, which combined with continually smaller room supply growth, should place the area's full service hotels on solid ground to excel over the next several years.
1
positive
Agilent shares trade at 16.2x our 16.2x our CY07 EPS estimate of $1.99, below our guideline 20x multiple for both the Electronic and Bio-Analytical Measurement segments.
0
neutral
We note that Wall Street consensus has been moving up due to upgrades and is now about $753M.
1
positive
On October 23, 2003, FirstEnergy submitted a proposal to the PUCO outlining two possible rate.
0
neutral
We are raising Q1 est. to $0.30 from $0.28, which assumes a -1% comp.
1
positive
The secular story appears strong as small business creation has accelerated in the last three years, and SMBs are becoming more technically savvy.
1
positive
Customers: Coca-Cola is also going to try to tailor some of its capabilities to individual customers.
0
neutral
For 2008-2009, our adjusted EPS moves modestly to $3.35 and $3.91, respectively, from $3.33 and $3.90, respectively.
0
neutral
In April 2000, Ulticom completed its initial public offering.
0
neutral
q Proposed NNS Bid Doesn't Alter Attractive NOC Valuation.
1
positive
RecallVidaza was the first drug to be approved for the treatment of MDS by the FDA in 2004 followed by Dacogen's US approval in 2006.
1
positive
McCormick is currently trading at 19.6 times our FY07 estimate a level that is in the middle of its historical forward P/E range.
0
neutral
Management's strategy is to expand geographically into the Midwest and Northeast through the acquisition of thrifts and mortgage bankers, and to become a nationally recognized brand.
1
positive
During the strike, however, the stock has, on average, rallied 14% from its intra-strike lows to the strike resolution date.
0
neutral
Allstate does hold another $2.1 billion of CDOs but the collateral is primarily corporate credit not residential mortgages.
0
neutral
DuPont remains an inexpensive investment trading at 12.2x estimated EPS for 2008 and 10.9x EPS for 2009, and also on a sum-of-the-parts basis.
0
neutral
Problems primarily related to missed shipment of notebooks from one vendor.
2
negative
If panel ASPs start declining faster due to oversupply in the meantime, fundraising for AMAT's customers will become the biggest risk for continued growth in AMAT's customer business.
2
negative
The Qtera acquisition will enhance Nortel's dominant position in OC-192 optical networking..
1
positive
Gains in flash memory continue to be impressive year/year, but have slowed on a sequential basis, as we believe Intel has been successful at regaining a substantial amount of the market share it lost in 2003.
1
positive
Our revised price target of $24 represents 18X estimated FY02 EPS of $1.31.
0
neutral
Amex and SAP markets offer E-Procurement interoperability w/ corporate purchasing card.
0
neutral
AWE's timing vs. CDMA operators AWE's 3G upgrade is expected to happen faster than anticipated.
1
positive
These results are well ahead of our and Street estimates of $0.61.
1
positive
The U.S. light vehicle market has never, even in its growth phase in the 1950s and 1960s, seen such stability.
1
positive
We have increased our 4Q05 Minority Interest expense to $16.0 million, from $13.5 million previously, which accounts for the penny decline in our quarterly estimate.
2
negative
Installing a wired home network is not only costly, but has also proven to be a hassle.
2
negative
Moreover, 2002 was the first year in at least seven years with a decline in share repurchase, which could be related to the board's recent decision to increase the annual dividend by 33% to $0.96.
1
positive
We additionally believe it reflects the confidence management has, and we share, in PG's near- and longterm growth prospects.
1
positive
The overall revenue decline continues to reflect competition from the RBOCs, substitution, and consumers shifting to lower-priced calling plans.
2
negative
The International Packaging segment includes Ball Packaging Europe, Ball Asia Pacific (China) plus operations in Brazil.
0
neutral
Solectron continues to target 9 inventory turns and DSOs in the mid 40s.
0
neutral
Rider MAX, a product introduced just over a year ago, accounted for roughly 40% of Q1 99's sales, while broadening the appeal of AFL's flagship cancer life product.
1
positive
2004E based on consensus EPS of $4.84 and 2,120.95mn diluted shares.
0
neutral
A catalyst could occur at the company's Feb. 8 analyst meeting, where management seems eager to illustrate the company's earnings power potential (and provide 1Q earnings guidance).
1
positive
Our $32/share target equates to 4.7 times EBITDA.
0
neutral
Capital expenditures totaled $628 million, down from $708 million the prior year.
0
neutral
We were counting on a sizable recovery in plastics to reach our '03 numbers.
1
positive
4. Cost targets not aligned with market realities.
2
negative
RFID is viewed as an interesting addition to the RSI database, acquired with the 4Q 2005 acquisition of RSI (Retail Solutions, Inc.).
0
neutral
Frito Lay International delivered Q3 volume growth of 8% and operating profit growth of 13% .
1
positive