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Despite its size, Procter & Gamble remains largely a mature-market company, with. | 0 | neutral |
Additionally, current stock pricing implies a cap rate of about 6.9% - 25-50 bps above most other mall REITs in our coverage universe. | 0 | neutral |
Raising Estimates We are raising 2006E EPS by $0.06 to $1.43 and 2007E by $0.07 to $1.59 due to better (1) ABC ratings and scatter pricing; (2) int'l TV syndication; (3) ESPN affiliate revenue; and (4) summer park attendance. | 1 | positive |
For the product line analyses, one cut utilized current P/E multiples and the other incorporated price target-based based P/E multiples. | 0 | neutral |
In addition, during the quarter, KBH repurchased 2.5 million shares (5% of its shares) at an average price of approximately $47.20 per share. | 0 | neutral |
The biggest area of risk we believe is maintaining and migrating so many platforms. | 2 | negative |
Storage declined more modestly; FTTH continues to struggle. | 2 | negative |
This base level could be difficult to achieve given the relation between COGS per unit volume sold and the almost certain fact that volumes for sulfentrazone will be below levels achieved in 2000. | 2 | negative |
The gain on sale in Q3 was $17 million, actually about $1 million less than what we were expecting since were estimating a 3% net gain on securitization and we had anticipated the entire securitization would be transacted in Q3. | 2 | negative |
HD's Growth Expectations: Walking a Very Fine Line The setting of growth expectations is the most difficult but most important issue the company will address at the conference. | 0 | neutral |
PG&E Corp. expects to maintain no equity interest in this business once NEG completes its Chapter 11 restructuring. | 0 | neutral |
We believe market share gains and ongoing transition into the 10mg strength should bode well for Altace in the near-term. | 1 | positive |
...And A Near Term Increase In Operating Efficiency. | 1 | positive |
The Display and Graphics range is front-end loaded -- higher in the early years. | 0 | neutral |
Conclusion: BDX reported in-line revenue and EPS for FQ4, and guidance for F05 was within Street's expectation. | 0 | neutral |
Growth again is expected to be driven by boats (up 8.5% YoY to $2.7 billion) and engines (up 10.0% to $2.9 billion) producing a blended (after intercompany eliminations) marine growth of 9.3%. | 1 | positive |
We estimate international markets represent 40% of sales for Black & Decker, 20% for Masco, 16% for USG (though half of this is from Canada) and 15% for Mohawk. | 0 | neutral |
EPS estimates are pro forma and exclude one-time items, stock-based com pensation, and amortization of goodwill and intangibles.. | 0 | neutral |
Creates a direct relationship with Aventis for Ferrlecit. | 0 | neutral |
Danaher, through Danaher Business Systems (DBS), is one of the best in the industry at doing that. | 1 | positive |
The following several points support our positive opinion of DG shares.. | 1 | positive |
The company still has a number of issues to confront including executing on the remaining noncore asset sales, continuing to restore investor confidence and maintaining adequate liquidity longer term. | 2 | negative |
The electric utility is the core business that provides Duke's other growth businesses a stream of steady, predictable earnings and cash flow. | 1 | positive |
Starwood has done an excellent job cutting costs and working to improve its balance sheet in a very challenging operating environment. | 1 | positive |
We rate Kroger buy (1) and reiterate our 12-month price target of $50 based on our 1999 EPS estimate of $2.25 and Kroger trading at a market multiple. | 1 | positive |
While our annual estimate constitutes growth of 6% vs. 2003, we would again caution investors that this forecast remains highly speculative (see our February 9 bulletin). | 2 | negative |
However, after growing at a mid-teen annual growth rate over the 1997 to 1999 time frame, trust revenues declined modestly in the first nine months of 2000 versus the same period of 1999. | 2 | negative |
The quality of the drugs that feature in Pfizer' alliances leads us s to believe that the company has reached its goal of becoming the preferred partner in the pharmaceutical industry. | 1 | positive |
The company estimates the milder flu season had a 1.6% negative impact on prescription volume in the quarter. | 2 | negative |
When Sun started using the phrase "the network is the computer" some vendors at the time could not spell the word "network.". | 0 | neutral |
multiple is the third highest (after GOOG and Yahoo!) among the Net Leaders, which is consistent with our assumption that eBay's growth outlook is the third strongest (after GOOG and Yahoo!) in the group. | 1 | positive |
In fact, Wells Fargo is already providing electronic bills for credit cards issued by Chase Manhattan (NYSE: CMB - $83.188) and First Union (NYSE: FTU - $32.875 � BUY). | 0 | neutral |
Specifically, RSH plans to coordinate and leverage its buying clout across its strategic business. | 0 | neutral |
First, low down payment lending is more common and available to a wider spectrum of borrowers. | 0 | neutral |
Thus, we are increasing our multiple from 20x to 23x our 2007 EPS of $2.33 (including stock options), which supports our new $53 price target. | 1 | positive |
Together, the substantial MA presence and directed focus toward Street accounts serve as a competitive advantage for SYSCO, helping the company improve profitability metrics (drop sizes, gross margin dollars per drop, frequency of drops) through higher existing and new account penetration. | 1 | positive |
Furthermore, a liquidity crunch is a much more pressing threat when a company is faced with large, near-term debt maturities. | 2 | negative |
Our industry view reflects both wireline and wireless. | 0 | neutral |
The company's strong performance through the 1990s was a function of both organic growth and acquisitions.. | 1 | positive |
The communication phase of the acquisition in which the DPRC workforce is introduced to Compuware is complete. | 0 | neutral |
First quarter earnings benefited from an improvement in gross margin due to increased usage of generic drugs and a reduction in markdowns due to better seasonal sell through.. | 1 | positive |
Within a difficult quarter we saw several positives including a reduction in inventory which should help mitigate gross margin pressures and solid cash flow, which demonstrates the resiliency of the business model. | 1 | positive |
PCS operating income was $189 million (6.4%) up from last quarter's $19 million (1%). | 1 | positive |
Compared to Q299, expenses were down 180 basis points from 18.6%. | 1 | positive |
On December 12th the American Metal Market reported the formation of an Independent Galvanizers Cooperative "to protect small, independent companies from the current wave of consolidation" suggesting they can't buy steel on suitable terms. | 0 | neutral |
The PC market was down slightly as is normal seasonally. | 2 | negative |
We believe NTRS deserves a premium valuation given it is among the best in wealth and private client banking, above-average operating margins, and among the most consistent and conservative among the group.. | 1 | positive |
With the introduction of services in Pennsylvania on October 30, 2001, VZ now offers long distance in 40 states across the nation. | 0 | neutral |
Shares of Apollo Group currently trade at 19 times our new calendar 2007 EPS estimate of $2.48, and its enterprise value is approximately 9.5 times our new calendar 2007 adjusted EBITDA estimate. | 0 | neutral |
Also noteworthy, customer margin balances declined 36% qtr/qtr. | 2 | negative |
Since policies are larger the amount of life insurance in force remained approximately unchanged. | 0 | neutral |
Services gross margins decreased to 62.8% from 64.0% in the prior quarter. | 2 | negative |
Demand visibility, especially on the foodservice front, is very low. | 2 | negative |
She is the Chairman and Chief Executive Officer of Mercer LLC. She began her career in 1981 at Arthur Andersen, LLP and became a partner in 1989. | 0 | neutral |
AES generates and distributes electricity in 27 countries, including the U.S. The company currently owns interests in over 170 power plants totaling more than 59,000 MW of generating capacity and more than 20 separate distribution, retail, and telecommunications businesses that serve over 22 million customers. | 0 | neutral |
The company has developed a very effective system for training and monitoring lenders to ensure underwriting quality is consistently high. | 1 | positive |
At current levels this value for Western Union indicates a remainder value of approx. | 0 | neutral |
XIOtech acquisition for $360 million will result in one time charge in CQ1. | 0 | neutral |
The shortfall is based on Plastics, which previously was expected to earn about $600 million in operating profits in 2003 and now is hoping to reach $425 million in 2003. | 2 | negative |
30, 2004, 167.2 million pounds of copper sales was provisionally priced at $1.38 per pound and remain subject to final pricing over the next several months. | 0 | neutral |
And ADC has indicated that its potential revenue opportunity is $75 per home. | 0 | neutral |
We expect Ag & Nutrition segment operating profits in 2007 to grow 9% from $722 million to $786 million. | 1 | positive |
We note that a number of value investors have been willing to buy the stock in the low 20s assuming that Synagis at a minimum is worth approximately $20-21 per share. | 0 | neutral |
Indications for respectable reserve replacement - 100% of production - at reasonable costs - in-line with last year - which should prove to be competitive with Burlington's peers. | 1 | positive |
We are well aware that improvements in Albertson's supply chain are going to be gradual and will take time to fully impact the income statement. | 1 | positive |
This argument addresses the interpretation or construction of the claims as defined by Judge Young during the Markman hearings. | 0 | neutral |
We believe this will be a more difficult market for Cisco to dominate and, further, we suspect that the overall profitability will be lower in this market. | 2 | negative |
This more consistent performance demonstrates to us that the company's technology investments in perpetual inventory and new more disciplined approach to investment and expenses are taking hold. | 1 | positive |
Entertainment For the fourth quarter, we expect a 45% decline in group EBITDA to $44 million (representing a 4% margin versus 8% last year). | 2 | negative |
Principal also has about 36 medical wholesalers/specialists, bringing its total number of group life and health wholesalers to 81 (includes both medical and nonmedical). | 0 | neutral |
The company recently generated comparative data regarding the use of Depakote for bipolar disorders. | 0 | neutral |
First, we assume the overall ground domestic market grows by 3.5% on average, pursuant to our comments above. | 0 | neutral |
Our $52 sum of parts is: ($30 for the genco on 14x $2.10 in 2002; $10 for the regulated utility at 10x 2002E; and $12 for the other non-regs at 14x 2002E).. | 0 | neutral |
Given the precarious market environment and being shellacked the past two and a half years, individual investors feel more comfortable seeking professional investment advice in managing their assets. | 1 | positive |
The US Supreme Court is expected to decide the case in 2009 and will focus on whether Section 316(b) of the CWA authorizes the EPA to compare the costs with benefits in determining the best technology available for minimizing adverse environmental impact. | 0 | neutral |
Strong debt issuance and an improved fiscal YTD showing in M&A continues to support banking revenue growth. | 1 | positive |
Furthermore, we believe Medicare rates will continue to rise modestly, somewhat helped by the recent Medicare giveback legislation (BIPA). | 1 | positive |
Product Sales: Basic slot machine games, conversion kits, and casino management systems; near-term supported by casino openings during a slow replacement cycle Gaming Operations: Premium games owned by IGT earn a percent of revenue from casinos; fastest growing business. | 0 | neutral |
The slower five-year growth rate is attributable principally to the poor property/casualty results at the bottom of the underwriting cycle in 1999-2001(see Figure 19).. | 2 | negative |
Storage: Slowed by lingering excess capacity at customer sites, disk storage revenue declined 25% y-o-y. | 2 | negative |
Please see our PETRO report of November 10, 2003 for a full discussion of Prudential Equity Group's outlook for the energy and chemical sectors. | 0 | neutral |
We continue to believe the offshore drilling industry is poised to benefit from an extended drilling cycle given our favorable outlook on commodity prices and secular growth fundamentals for the group, including increased offshore drilling by NOCs, continued growth in ultra-deepwater drilling, and the expansion of glob... | 1 | positive |
Our checks also indicate enterprise VoIP is driving an integrated networking sale, and Cisco appears to be gaining share. | 1 | positive |
In October 2005, guidance was reduced to approximately $740 million. | 2 | negative |
Assuming no appeals, the court ratification of the bankruptcy reorganization plan should be completed during 2Q04. | 0 | neutral |
EBITDA margin totaled 24.3% for the quarter a full 80 bps better than our 23.5% estimate and 100 bps above 3Q02 results. | 1 | positive |
For the second quarter, Scientific-Atlanta (thankfully) disclosed the percentage of modems sold that are voice enabled. | 0 | neutral |
Dollar General operates a chain of more than 3,461 neighborhood discount stores operating in 24 states with distribution centers in Kentucky, Georgia, Oklahoma, and Virginia. | 0 | neutral |
Quarter-end debt levels were $7.9 billion, in line with our $8 billion assumption. | 0 | neutral |
Management also anticipates the DoD budget to grow at a conservative rate, with potential delays or cuts on major platforms reallocated to other areas such as asset modernization. | 2 | negative |
The strength in bank stocks over the last three to four years is reflected in institutional holdings and index representations (S&P, Russell, etc.) When bank stocks were at their relative low valuations in the late 1990s and early 2000, financials comprised 13% of the S&P 500 Index; as of August 2004 financials represe... | 0 | neutral |
We believe that the share price currently reflects optimism that guidance for the balance of 2003 will likely move higher from current levels (excluding Inktomi). | 0 | neutral |
Celebrex had a 52% share of the COX-2 TRx market versus Vioxx's 48% at the time of Bextra's full launch in April 2002, compared to current shares of approximately 42%, 38% and 20% for Celebrex, Vioxx, and Bextra, respectively. | 0 | neutral |
We think China and India could be a major driver for Western Union growth over the next several years. | 0 | neutral |
Total revenues of $1,100M were largely in line with our expectations ($1,097M) and ahead of consensus ($1,087M), with sales of key products generally in line with our estimates across the board. | 0 | neutral |
Citigroup reported 4Q03 EPS of $0.91, beating our $0.88 and the Street's $0.89. | 1 | positive |
(CZN:NYSE) Strong Buy 1. Headquartered in Stamford, Connecticut, Citizens Communications (www.czn.net) was founded in 1935, and provides local, long-distance, data and Internet services in the northeastern, central, and western U.S., with about 2.5 million access lines. | 1 | positive |
Allergan BioEntrics Intragastric Balloon system (BIB) is a nonsurgical aid in the treatment of obesity. | 0 | neutral |
These events could dramatically enhance investor sentiment, and thereby enhance the multiple and certainly should improve the company's growth prospects. | 1 | positive |
This meeting has been a large overhang for AMGN for some time, considering that Aranesp is a multi-billion dollar per year drug. | 2 | negative |
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.