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2. International Jackup Pricing is Choppy: The range of leading edge jackup dayrates has shifted down to $145-$195 from $160-220 earlier in the year. | 2 | negative |
In addition, many female patients, previously characterized as carriers, may in fact, require therapy. | 0 | neutral |
While we agree with the company's strategy to prepare for the holidays, this does create more risk, particularly as we expect holiday sales in the industry to be a little lighter than originally anticipated. | 2 | negative |
Focus and Execution: Unarguably, there are many moving parts to Intuit's business, and the company is moving in many different directions in the Internet arena. | 0 | neutral |
Leveraging A Pricing Advantage In A Commodity Business. | 1 | positive |
Finally, the article questions a recent change in Dell's method of accounting for repurchased shares. | 2 | negative |
Our only reservation is that paying for 2008 earnings with today's multiples is inconsistent with valuations for the rest of the peer group. | 0 | neutral |
This implies that operating EPS is $0.90 vs. pre-quarter consensus of around $1.01, which did not include the gain on sale. | 0 | neutral |
However, CEO Les Moonves has recently backed away from that rhetoric, stating that he is "pleased" with the creativity within the division. | 0 | neutral |
If the FTC does not request additional information from ESRX , then CVS would be pressed to raise its offer, which would likely initiate a bidding war.. | 0 | neutral |
The Newell philosophy previously was to define each of its operating units by the materials it used. | 0 | neutral |
UBS Warburg is acting as financial advisor to IPALCO regarding its merger with AES and is acting as financial advisor to Gener SA.. | 0 | neutral |
Since demutualizing in December 2001, Prudential has exited underperforming businesses (the property and casualty business) and used excess capital to make both value enhancing acquisitions (American Skandia, CIGNA's retirement business) and substantial share repurchases. | 1 | positive |
PBG volume growth has not been less than 2.0% since 2Q00.. | 0 | neutral |
We are Overweight WFC, as we expect significant accretion from the WB acquisition to drive higher long term earnings growth in the out years, as expense saves flow through and provisions on WB's impaired loans run its course. | 1 | positive |
We also observe its large fixed annuity operation will also be favorably impacted by higher interest rates.. | 1 | positive |
There is one Sprint bond -- not a FON bond and a separate PCS bond -- with the net assets of FON and PCS legally residing at the parent company level. | 0 | neutral |
On a P/S (TTM) basis, shares of LSI are trading at 1.4x versus the group average of 5x. | 0 | neutral |
Gross margin during the quarter was 40.3%, up 170 bps vs. the year ago quarter as benefit from pricing, productivity improvements and favorable mix, was partially offset by inflation (up 7% yearover-year). | 1 | positive |
For example, in December 2000 the company bought out Chase from the Chase Mellon Shareholder Services joint venture, and renamed it Mellon Investor Services. | 0 | neutral |
shares are not necessarily inexpensive, in our opinion. | 2 | negative |
Entering the quarter, Apple thought it had about 8 weeks of inventory. | 0 | neutral |
Longer-term, our concerns include rate case exposure for the Florida utility in 2006, expiration of synfuel tax credits at the end of 2007, and higher Clean Air amortization. | 2 | negative |
In addition, Guidant issued approximately 5.3 million shares, and shares outstanding now stand at 312 million. | 0 | neutral |
As detailed at its investor conference in September 2005, the objectives of the R3 initiative are to improve customer service through better in-stocks, optimize supply chain profitability, and enhance inventory management. | 1 | positive |
It would also imply that the transaction would be dilutive to EPS even if proceeds were used to buy back stock. | 2 | negative |
� We are maintaining our Outperform rating on FE shares. | 1 | positive |
In addition, margins trended lower in every business segment on a year over year basis. | 2 | negative |
We believe a target PE multiple of 25x is justified based on a 15%-20% earnings growth forecast, $3.00 per share in net cash and opportunities for market share gains in an industry where many competitors are still retrenching. | 0 | neutral |
Unlike other retailers that are cutting back on direct mail circulation, the company intends to double circulation of direct mail (ie. | 0 | neutral |
09 January 2008 Americas/United States Equity Research Personal Products (Household & Personal Products) / MARKET WEIGHT. | 0 | neutral |
Wachovia has also bolstered its convertible securities function in CIB. | 1 | positive |
Aerospace saw volume gains of 7% and architectural paints saw volume growth of 8%, helped by strong sales at home centers such as Lowe's. | 1 | positive |
Auto continues to be a strong outdoor ad category. | 1 | positive |
A stock, cash transaction may make the most sense, but a purchase price above $71 per share would be dilutive in 2005-6 and not provide the solution to JNJ's immediate hunger for growth.. | 0 | neutral |
After a difficult Q1, our estimate for ROIC in 2001 is 3.7%. | 2 | negative |
Additionally, while our consultants expect that uptake might be somewhat impacted by bone marrow transplant, they also anticipate that the drug would be used in the Hurler patients even in the absence of clinical data in that population at this time. | 0 | neutral |
(The numbers below reflect only the external storage market, not including JBOD or internal storage.). | 0 | neutral |
Our cash flow forecast assumes that CBS keeps its dividend pay out ratio at approximately 40% and nearly doubles the dividend on an annual per share basis over the next fie years. | 0 | neutral |
Mexico comprises about 9% of sales and 13% of operating profit. | 0 | neutral |
Overseas, Kingfisher (UK's DIY giant) announced a 12.5% stake in German DIY retailer Hornbach. | 0 | neutral |
Our priceto-book/ROE regression model is our preferred metric, because it develops an implied price-to-book multiple based on expected ROE. | 0 | neutral |
The percentage of patients with hemoglobin defined as unstable (35% NESP, 28% Epogen), frequency of dose changes, adverse events, withdrawals, and deaths were all similar across groups. | 0 | neutral |
The Coach IPO, which represented only 17% of Sara Lee's stake in the company, will generate $190 million in initial proceeds (including debt transfer). | 0 | neutral |
The company is confident they will be able to place more games in these markets as machine performance is reviewed by operators in coming quarters and replacements are made. | 1 | positive |
KEY POINTS: Checks in the retail supply chain in the U.S. indicate good sell through in the United States. | 1 | positive |
MedImmune receives about 45% of international sales from Abbott, who markets Synagis outside the US.. | 0 | neutral |
Exhibit 2 MSFT Has Growth Its Online Business Through Internal Development and Small-to-Medium-Sized Acquisitions. | 1 | positive |
We maintain our Overweight - V rating based on valuation. | 1 | positive |
The most significant sector is agricultural chemicals. | 0 | neutral |
The improvement was driven by lower interest expense on a reduced debt load as well as by higher interest income rates earned on investments, despite lower yr/yr balances. | 1 | positive |
Qwest also has been active in seeking out a partnership in Asia. | 0 | neutral |
...and now has 14 exploration prospects teed up before year-end.. | 0 | neutral |
These figures include larger gains from major retailers such as Home Depot and Lowe's. | 1 | positive |
ITT has sold the military its radios about three times over, so its experience and relationship is very strong. | 1 | positive |
Comerica is pursuing a variety of initiatives to improve greater accountability, including introducing a new incentive plan for its top 400 managers, which more closely ties their performance to that of the bank versus its peers on both earnings and return on equity. | 1 | positive |
Freeport sold 330,500 ounces of gold, down 44% from 590,800 ounces the year earlier and 26% from 447,300 ounces on a linked quarter basis. | 2 | negative |
We estimate that the range of the contribution from a $10 billion private equity portfolio could be $0.00-$0.53, on the basis of a 0%-15% annualized after-tax return. | 0 | neutral |
confidence in the equity markets picked up, leading to an acceleration of retail trading volumes and the number of shareholder accounts, and (3) accretive acquisitions are announced. | 1 | positive |
We anticipate that in the next year or two, several products in Amgen's pipeline will emerge with compelling clinical data highlighting their promising prospects. | 1 | positive |
Secondly, its high gearing is misleading inasmuch as the state of its balance sheet reflects the original, arguably arbitrary allocation of assets and liabilities between Sprint PCS and Sprint FON. | 2 | negative |
Bausch & Lomb also generated $2 million in unanticipated foreign currency gains in the quarter. | 1 | positive |
The contracting in traditional gatekeeper and capitated models, which are the basis of the lawsuits, does not serve as an impediment to receiving care in the PPO and POS (see our report, titled "Of Litigation and Legislation," October 19, 1999). | 0 | neutral |
The industrial businesses include Falk (power transmission equipment), Milton Roy (metering pumps), Sullair (compressors) and Sundyne (centrifugal pumps, compressors and blowers). | 0 | neutral |
We supplement our NAV, by using a historically based 10x through the cycle EPS (13x ROCE/WACC discounted 30% for volatility). | 0 | neutral |
On margins, we have operating margin declining by 70 bp y/y to 10.6%, in line with management's guidance, but a deceleration from +20bp in 2006. | 2 | negative |
The company has indicated an interest and willingness to expand in Medicare lines of business, implying that acquisitions may be on the radar screen. | 0 | neutral |
In Q3, non-carbs grew briskly, while carbonated beverages grew in the low single digits. | 1 | positive |
We note that other vendors have already developed packet-based backbone architectures, such as Lucent with its cdmaOne implementation. | 0 | neutral |
MeadWestvaco's stock is rated medium risk at Salomon Smith Barney. | 0 | neutral |
n The midpoint of the two above scenarios is $64 per. | 0 | neutral |
Unlike some auto suppliers, management has been able to offset higher-than-expected raw material costs and pricing pressure from original equipment manufacturers (OEMs) with cost reductions and productivity improvements--automotive operating margin increased 20bps in FQ4 2004. | 1 | positive |
All waterborne import options are significantly removed from the West Coast in terms of both shipment time and cost. | 0 | neutral |
We believe the company's strong private labels also contributed to the relative outperformance in these categories. | 1 | positive |
The ability to reel and unreel coiled tubing significantly faster than conventional pipe, which must be jointed and unjointed; The ability to administer completion and workover fluids more precisely, enabling localized stimulation treatments, well clean-out, scale removal, and paraffin removal; and Enhanced access to r... | 0 | neutral |
We think there are few "pent-up" customers waiting for the right computer to come along before they plunge into iPod nation. | 0 | neutral |
Similar to Time Warner, an analysis of Comcast posttransactions is not as simple as the simple addition of the Adelphia assets because Comcast is swapping systems with Time Warner. | 0 | neutral |
Strength in Asia/Pacific - Revenues continued to be very strong for Asia/Pacific, which now accounts for 39% of revenues. | 1 | positive |
At 10.5x 2004 earnings, Marathon trades at a 12% discount to its Mid-Cap US peers, or less than the 20% discount - 9.5x 2004 earnings - we would expect. | 0 | neutral |
We note that production growth guidance for 2002 started at 10.0% and now stands at 12.5%. | 0 | neutral |
n 2001 Adjustments: 2001 EPS guidance has been lowered by about $0.35 since the company's last updated guidance in October. | 2 | negative |
FAS123R) estimates of $1.388 billion and $0.41, versus the Street consensus of $1.377 billion and $0.41. | 0 | neutral |
This acceleration is comprised of the growth in Target's high ROIC and the commensurate declining influence of the department stores and Mervyn's on results. | 1 | positive |
The question remains � how can ADP invest this cash to generate shareholder value? ADP repurchased 27M shares for $940 million in FY03. | 2 | negative |
The franchise is unassailable, the long-term growth tied to developing markets and new products is excellent, and the earnings power of $8.00 a share by 2006-7 remains unaffected. | 1 | positive |
After four years of earnings contraction, 2005 earnings are expected to stabilize and accelerate as the company is expected to offer accelerating growth, although off a low base. | 1 | positive |
The company also expects to continue producing cash flow in excess of net income, with operating cash flow reaching approximately $1.4 billion in 2004, while generating net income of about $1.1 billion. | 0 | neutral |
NeoCardia has developed a system that uses beta radiation delivered by a guidewire catheter. | 0 | neutral |
EBusiness transformation remains an important driver of spending. | 0 | neutral |
All restructuring costs were recorded in Marketing and administrative expense. | 0 | neutral |
As feedstocks normalize in 2001, and as the company's electronics franchise demonstrates its real potential, we expect 45% EPS growth in 2001 and 20-25% annual EPS growth from 2002 to 2005. | 1 | positive |
There were also some new contracts with lower margins. | 1 | positive |
These figures are basically in line with our estimates of fiscal fourth-quarter 1999 estimates of revenue of $335.0 million, digital set-top box sales of 165,000 units, and EPS of $0.28, and our 2000 EPS estimates of $1.20. | 0 | neutral |
Wendy's & other brands net debt *Assume all proceeds buy back stock Tim's Proforma Net Debt LTD 588 CAD ST Debt - Cash 260 CAD = Net Debt 328 CAD. | 0 | neutral |
Costco ended the quarter with $2.9 billion in cash, an all-time high. | 1 | positive |
What a day for a merger to occur? Under the agreement St. | 0 | neutral |
Margin expansion could regain momentum in 2007, as several pricing initiatives from 2006 are implemented in the first half of the year. | 1 | positive |
Managed loans increased 3.5% sequentially, and 4.2% on a year-over-year basis. | 1 | positive |
With its high-quality reserves and production, as well as a large seismic database and undeveloped land position, the transaction leverages Apache to some of the best energy fundamentals in North America. | 1 | positive |
EPS may not tell the whole story in the short term. | 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.