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As of the end of the preceding month, Credit Suisse beneficially owned 1% or more of a class of common equity securities of (WM).
0
neutral
Apple hinted that it would have all 4 (this includes a consumer portable) of its product categories shipping in volume in CQ4.
0
neutral
Approximately 20% of Masco's revenues are based in Europe.
0
neutral
In a sustained effort to rein in the spiraling costs and financial risks of film production, Viacom continues to embark on an already successful strategy for Entertainment, which should improve profitability and performance consistency.
1
positive
Additionally, as sales are stabilized, the focus on achieving profitability is crucial to the story.
0
neutral
While this target multiple may appear flush, we believe the odds are good for estimate increases following next week's quarterly report..
1
positive
With AOL as the only independent major portal, it stands to benefit as three major search powerhouses, Google, Yahoo and MSN, vie for AOL's attention as they fight for search market share.
1
positive
Two smaller acquisitions, of Jareva in January 2003 for $61 million and of Ejasent in January 2004 for $59 million fill out the company's `utility computing' vision Leading provider of heterogeneous storage management software.
0
neutral
Stockval shows a median P/E multiple of 17.6x over the last ten years with a range of 11.8x to a high of 40.7x.
0
neutral
TXU reports both TXU Energy and TXU Power under a combined TXU Energy Holdings segment, but we value them separately since TXU Power is an electric generating company and TXU Energy is a retail electric provider.
0
neutral
Debt and Equity Underwritings Merrill's global market share slipped in the quarter to 13.6% from 15.3% in 2Q98.
2
negative
Expect Gross Margins, Op Ex to be Flat to Slightly Down The company is forecasting gross margins to be down one percentage point QoQ in the September quarter due to the amortization of fixed costs over lower than expected volumes.
2
negative
This capability to monitor performance down to a granular level extends in some degree to all the products Dell sells.
0
neutral
We had hoped for improvement versus the year-ago period given account culling and pricing discipline.
1
positive
With increases in our revenues, gross margin, and operating expense estimates, our third-quarter EPS estimate has increased to $0.08 from $0.07, and it compares with the most recent consensus estimate of $0.04.
1
positive
Overall, Nextel's technology upgrade path remains on schedule and the information provided supported previous comments made by the company.
1
positive
However, we feel the share price value decline in the event of negative Rituxan RA data is negligible as the market already seems to assume slow growth from Biogen overall.
2
negative
By improving the quality of systems and the instituting self-distribution, Wal-Mart's in-stock position has improved and redundant inventories have declined by about $600 million.
1
positive
Winners would grow faster than their competitors by having a logical expansion plan into new leverageable market niches.
1
positive
In the first quarter, Tupperware's That's A Bowl was packaged with Best Foods' Mueller's pasta and Hellman's mayonnaise.
0
neutral
Worldwide Asia, USA, Europe Central Europe N. America, Europe, Asia N. America, Europe, Japan.
0
neutral
January 2007 comps were flat to last year, perhaps due to gift card redemptions or Europeans flooding New York to shop end of season sales.
0
neutral
Two that we're aware of include: (1) an analysis by Cunningham et al also apparently showing that Zyprexa causes diabetes more often than other agents - to be presented in August at a small medical meeting; (2) yet another VA study that apparently shows that Zyprexa is NO worse than the other agents will be presented l...
0
neutral
In addition, the distillate arbitrage may encourage distillate imports.
0
neutral
Concurrent with the announcement that Pernod Ricard purchased the Absolut brand, FO put in place an authorization to repurchase up to 15 million shares of common stock.
0
neutral
Stock prices (as of 6/24/99) of companies mentioned in this report: Ascend Communications (ASND-OTC $105 3/8, Strong Buy) Cisco Systems (CSCO-OTC $60 1/4, Buy).
1
positive
If we exclude the additional cost associated with pensions and options (discussed below) organic growth would be more in the range of 12%�19%.
0
neutral
Improving returns had been a driver of the stock in its post 1996 recovery phase.
1
positive
Opinions expressed are current opinions as of the date appearing on this material only.
0
neutral
Tyco Submarine Systems (TSSL)--We applied revenue (8.2 times) and EBIT+DA multiples for Global Crossing with no premium or discount.
0
neutral
Revenues grew by 7.2%, or $461.1 million, to $6.9 billion, boosted by new business and higher battery shipments.
1
positive
Kerr-McGee expects 2005 production to reach at least 352,000 boe/d, which is nearly 13% greater than 2004 daily production, courtesy of the Westport transaction.
1
positive
We believe the resulting economic uncertainty from the events of September 11th could exacerbate that weakness..
2
negative
Better-than-expected earnings resulted from the upside in revenues, which rose 19% year-over-year to $10.15 billion, beating the Street's $9.74 billion estimate and management's $9.7 billion-$9.8 billion guidance.
1
positive
As we estimate that Tim's contributed 54% of Wendy's earnings growth from 2000 to 2002 (and a total of 37.4% of Wendy's 2002 earnings), the slowing of this growth engine is a concern, in our opinion..
2
negative
Strong growth in recruitment advertising, including KRI's largest markets, continues to be bolster results, as does real estate.
1
positive
Trough valuation based on price/sales, price/book and price/cash flow valuations at the troughs in 1994, 1996 and 1998 would suggest a price of about $16.
0
neutral
In addition to the flow-through of a projected higher gross margin, CAG's operating margin should benefit from a lower SG&A expense margin in F2000.
1
positive
In addition, MET has modest exposure to commercial mortgage loans.
0
neutral
As such, the FDA may not accept GSK's claim that Cervarix is a superior vaccine as compared to Gardasil based on higher immunogenicity, and may ask for a head-to-head outcomes trial.
2
negative
As we have been reporting, Kennedy hopes to move such a bill to committee markup soon.
0
neutral
In March of 2000, the company also announced a $200 million share repurchase program.
0
neutral
We are downgrading BMY shares from a Strong Buy to a Hold rating, based on a concern of angioedema in hypertension.
2
negative
We view Tiffany as a core holding based on the company's consistent execution and brand focus.
1
positive
In terms of post-marketing commitments, the agency asked Biogen to submit a protocol for a safety registry, as well as other minor protocols.
0
neutral
Mortgage banking has been more volatile, but we expect $573 million in revenue this quarter, which is below the 2005 quarterly average of $606 million but above the $415 million Q1:06 pace.
2
negative
Ford also announced 3Q04 earnings guidance of $0.00-0.05 per share, below consensus of $0.15 per share.
2
negative
Outside the US, it appears that momentum continues strong.
1
positive
We calculate incremental margins in the quarter were roughly 13%..
0
neutral
We think NYSE is best off by making an acquisition of a company in New York, especially if there is a trading floor.
0
neutral
This business increased sales 11% (up 8% on an FX neutral basis) to $344 million in the quarter, $20 million above our estimate.
1
positive
Inferior vena cava (IVC) sales were up 83% in the quarter.
1
positive
Strong chocolate demand in the U.S. sparked an increase in sales volumes while strengthening cocoa powder prices helped margins.
1
positive
According to the 10-Q, Fifth Third's net new accounts were up 17% unannualized vs 2Q.
1
positive
6. Street views for Q4 sales still represent very high hurdle, at $40MM north of our estimate.
1
positive
We continue to believe that the potential for upside to our current Q3:99 EPS estimate of $0.34 vs. $0.27 in Q3:98 is likely, particularly as the company' comp gain for the quarter-to-date is a solid 7% s vs. our 5% estimate.
1
positive
Our outlook remains bearish for the company's operating metrics, but respectful of the low price to book valuation of the shares.
2
negative
We are raising our '08 estimate to $2.50 and '09 estimate to $3.10 Management provided Q3 EPS guidance of $0.36-$0.38, versus our $0.34 estimate and the Street's $0.36 estimate, implying roughly 9-15% growth.
1
positive
Stock option and acquisition charges offset restructuring benefits.
0
neutral
We expect gross margins to also increase as utilization rates are the biggest driver for gross margins.
1
positive
Our price target of $38 is based on a 1.6 times price to book value multiple against our 2005 year end estimate of about $23 per share.
0
neutral
Upside drivers to our valuation assessment include: the possibility that PeopleSoft achieves higher-than-expected growth, driven by stronger overall corporate investment in applications; more operating leverage than forecast, if management achieves lower cost associated with JD Edwards acquisition; and the chance that ...
1
positive
Cost savings stemmed from lower fiber and energy costs, facility closures, headcount reductions and reorganization.
1
positive
Interest expense was $50 million, also tracking lower than previously cited estimates of $210-215 million for the year..
1
positive
Things to watch for are improving visibility heading into a forecast 2H02 economic recovery, and investor sentiment changed by a potential consolidation wave starting at the high end of the market (i.e., the RBOCs and IXCs) which should eventually work its way through to upstarts that have turned EBITDA positive by yea...
1
positive
FX), with accelerating North America revenues (40% YoY).
1
positive
However, the indexed business is very price competitive according to management.
1
positive
The less forgiveable is the -3 kbd from vessel delay in Malaysian gas, and -3 kbd from heavy crude outages.
2
negative
Digital set top box sales for the quarter of 835,000 units, versus 512,000 units last quarter, greatly exceeded our expectations of 710,000 units.
1
positive
That was probably the most enlightening part of management's presentations; Dollar General made much more progress toward becoming a more professionally managed company than we previously had thought.
1
positive
The cost of preparing the launch pad (roughly $200 million) will be priced into the launch contracts and should be fully recovered over six to seven launches..
0
neutral
Rating and Price Target History for: Microsoft Corporation (MSFT) as of 07-24-2008.
0
neutral
Novartis will have data from two other Phase III trials in 2009..
0
neutral
As a core growth holding, clearly strong EPS growth and above-consensus estimates are important, but we would argue that SPLS' trend of improving ROIC is as important, and, as such, we continue to view this as a key part of the argument for SPLS as a core longer-term holding..
1
positive
As a result, our full year 2003 EPS estimate is now $1.40 vs. $1.45 previously.
0
neutral
2) We will include the impact of Gina nuclear plant acquisition (495mw, $401m) once the transaction is closed (expected mid 2004).
0
neutral
We believe the acquisition is a growth catalyst that should reduce the discount at which the shares have historically traded relative to the other large cap names.
1
positive
Our financial model indicates that Rowan should be nearly net debt-free (debt less cash) in late 2001 and easily net debt-free in 2002, despite building the Gorilla V, VI and VII rigs, each of which cost nearly $200 million to build.
0
neutral
We would also expect D to continue to garner a premium multiple relative to its peers based on the relative strength of the company's fundamentals.
1
positive
Carnival is likely to report gross yields in 2008 of $243 per day according to our forecasts.
0
neutral
Interest expense increased 24.9% to $46.1 million from $36.9 million in the year ago quarter.
2
negative
Storage networking is rapidly migrating from a pilot phase toward live installations.
0
neutral
Japan comps, more recently deteriorated (comps declined 1% in F1Q02) and could remain muted given the weak economic backdrop in Japan despite easy comparions.
2
negative
Higher assets under management (reflecting better-thanexpected market appreciation for the quarter) and a slightly higher average fee rate (related to higher anticipated performance fees) both contribute.
1
positive
In Q1-04, noninterest income for the combined company was approximately $5.2 billion.
0
neutral
Fierce Price Competition Is Not Limited To Flooring.
2
negative
The Internet sales account for 10% of subscriber additions, three times internal targets, and sales through inbound channels are double internal goals.
1
positive
Inco reported GAAP earnings of $253 million ($1.26/sh fully diluted) and "adjusted earnings" of $229 million (or 1.13/sh fully diluted) in Q1/04, slightly higher than our estimate of $1.02/sh and the street mean estimate of $1.04/sh.
1
positive
Figure 58 illustrates the strong premium growth trends AIG has experienced in Southeast Asia (specifically Korea)..
1
positive
The company stated that they will test this drug on psoriasis before proceeding with kidney transplant studies on humans.
0
neutral
Michael Shannon - Europe The majority of the company's European revenue is generated in the UK from the financial services industry but the government sector is emerging as an important growth driver.
0
neutral
With this in mind, we remain comfortable with our forward-looking estimates of 2-4 acquisitions per year.
0
neutral
We expect service centre inventories of sheet products to decline significantly in Q1/07 as import activity into North America continues to decline (due to strong global steel markets), steel production remains below year ago levels and seasonal demand continues to improve.
1
positive
It appears the company's pricing is becoming more disciplined, as it expects to raise rates 8.5% in 2005, in line with cost trends.
1
positive
This weakness is evident both vs. last year (98Q2 gross margin of 55.5%) and sequentially (99Q1 gross margin between 50.0%-55.5%, excluding the effects of Hurricane Georges and the ARC rebate).
2
negative
We looked at the historical EV/EBITDA multiples for BMS over the past ten years, removed extreme highs and lows and came up with a range of 6x to 10x.
0
neutral
Average shares outstanding were 561.7 mil., down roughly 4.4 mil.
0
neutral
Concrete admixtures, by far the largest product line in Specialty Construction Chemicals, reduce manufacturing costs and improve the strength, workability, and durability of concrete.
1
positive
The decline in gross margins was attributable to a number of factors:.
2
negative
We think that MBNA is the best-positioned firm in the card sector even if the economic recovery continues to unfold slowly.
1
positive