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Our target multiple essentially represents the midpoint for where the shares have traded over the past three years.. | 0 | neutral |
Given the high level of cash-basis loans in the company's emerging markets portfolio, we believe that the company will reevaluate the economics of these lending relationships (and the newly installed systems should help). | 0 | neutral |
Digital encryption and metering capabilities continue to improve, and sometime around 1H2000, we expect the USPS to announce a new mandate for digital metering solutions. | 1 | positive |
Sprint Nextel: Wireless Exposure at a Wireline Price. | 0 | neutral |
ADC's long-term operating margin target is 14%, up from about 10% currently. | 1 | positive |
In the stochastic universe, however, a mean-reverting process will fluctuate around some long-term average, although it also contains a random component that characterizes the stochastic processes we examined previously. | 0 | neutral |
Campbell is likely to note that Chunky alone bigger than Progresso and will spend more on advertising to sustain its leadership position in this segment. | 1 | positive |
Operating earnings increased $52 million, or 23.0% year over year, to $278 million, owing to strong fee-based enrollment growth, disciplined pricing, and better margins. | 1 | positive |
Over the last five years, Equity Office's shares have traded in a range from an 8.0% discount to the average sector multiple to a 20.0% premium with an average 6.0% premium. | 0 | neutral |
Wyeth's fundamentals, which include diet drugs, Prevnar and the pipeline, have shown definite signs of improvement. | 1 | positive |
According to our calculations, KMB generates around 21% of sales from D&E markets; namely Asia Pacific (where they clearly own the childcare category with a 90% market share in the regions they compete), Latin America, Eastern and Central Europe and Africa. | 0 | neutral |
Key contributors to the pre-tax savings will come from a 12-14% headcount reduction (or 2,200-2,600 employees) impacting SG&A and a tapering of R&D expenses over time to 20% of sales. | 1 | positive |
Additionally, in the quarter, the bank completed the acquisition of Harbor Federal, and, in the current quarter, it will complete the acquisition of Fidelity Federal. | 0 | neutral |
The tax rate was and is estimated to remain at 25% for the rest of 1999. | 0 | neutral |
Our 12-month price target of $63 for Temple-Inland equates to an enterprise value to 2004 EBITDA multiple of 9.3 times, below the five-year historical average multiple of 10.5 times. | 0 | neutral |
Blockbuster Free Cash Growth In 1998, we estimate that VIAB will generate $100 million of free cash flow from its Networks and Paramount segments and will pay off $3 billion of debt from the sale of certain publishing assets. | 1 | positive |
On March 3, 2000, soon after merger with CNG, Dominion announced a new corporate structure that integrated the assets of CNG and instituted three major operating segments focused on markets and lines of business:. | 0 | neutral |
At a price of $46, this translates into $184-$276 million in end-user sales, if demand is equal or greater than the supply of the nasally inhalable vaccine.. | 0 | neutral |
The non strategic businesses, particularly, the mill side and the specialty chemical business appear to be holding up relatively well. | 1 | positive |
America revenues provide catalyst: The majority of the revenue and earnings improvement over third quarter results was reported in North America, which benefited from the higher level of land-based drilling activity, a favorable mix of business in the US offshore market, and the impact of price increases implemented du... | 1 | positive |
Importantly, we think the quality of NSC's earnings is very high as "Other" income was only $10 million this quarter versus $21 million in the yearearlier period. | 1 | positive |
In the near-term, earnings will be supported by strength in Deere's non-farm areas. | 1 | positive |
The goal of these marketing initiatives is to evolve from the brand's legacy as a retailer of fragrant personal care products and gifts that were inspired by country scents in the heartland into a lifestyle brand with naturally based products catering to a woman who wants to indulge herself with pampering products and ... | 0 | neutral |
At this point, we don't think the odds are much higher for a succession event. | 0 | neutral |
Accordingly, Pall estimates its liability related to the income taxes and associated interest expense at approximately $278 million, including estimated penalties.. | 0 | neutral |
And finally, second-quarter pro forma EPS of $0.37 came in three cents above our $0.34 estimate, primarily due to gross margin outperformance and lower-than-expected sales and marketing expense. | 1 | positive |
TFC's Loan Reserves Look Adequate; Apt To Increase As % of Managed Receivables $MM. | 0 | neutral |
Power Solutions: Revenues fell 32% y/y (vs. JPM -18%), hurt primarily by lower lead prices, but also by softer volumes at OE, and replacement partly driven by destocking/order deferral, and FX. | 2 | negative |
Our 2007 revenue and EPS expectations of $2.07B and $2.16 are under review. | 0 | neutral |
Marketing Update At our meetings on Tuesday, we had the first opportunity to speak with CSXT's EVP of marketing Aden Adams since he returned to CSXT (from retirement) following the departure of John Anderson. | 0 | neutral |
For example, if management took our estimated $1$1.25 per share charge to address its credit and cost base, we believe Comerica's annual EPS could benefit by upwards of $0.30-$0.40 per share. | 1 | positive |
This is clearly an asset for which EMN's current share price shows no value. | 1 | positive |
Sales, margins, and unit development were all above target. | 1 | positive |
Within the Specialty Polymers group, earnings are depressed that old standby fluoropolymers. | 2 | negative |
Upside potential to our target could result from likely organic revenue growth well in excess of the economy over the next three years and likely increasing profit margins as growth initiatives mature. | 1 | positive |
We think the slowdown is due to more than just tough comparisons. | 2 | negative |
As a result, greater beverage container use is largely driven by new packaging trends or population growth. | 0 | neutral |
Home Depot Estimate U.S. Home Improvement Market (In Billions of Dollars). | 1 | positive |
Handset baseband and applications processor chips (3/3% of revenues in 2005/2007) Broadcom entered the handset baseband chip market in 2004 by acquiring Zyray. | 0 | neutral |
We remain very enthusiastic over the continued forward momentum at the U.S. operation (where AFLAC generates the remaining 30% of its business), and expect it will become a much larger contributor to earnings as revenue growth, improved persistency, and more normalized benefit and expense ratios emerge. | 1 | positive |
We believe it is necessary for the Thermo Instrument division to accelerate its rate of new product introductions to return to an internal growth rate of 10%. | 0 | neutral |
This webcast does not provide individually tailored investment advice. | 0 | neutral |
We reiterate our Buy-Aggressive rating and 12-month price target of $15.. | 1 | positive |
Operating profit would have been even higher if not for the sharp increase in resin cost. | 1 | positive |
Therefore, we are raising our 3Q04 EPS estimate to a loss of ($0.43) from a loss of ($0.77) because of the lower estimated impact from the hurricanes. | 1 | positive |
scanned silver halide images using the new digital process will be even better than traditional prints.. | 1 | positive |
We continue to believe that Bank of New York will benefit as capital market volumes increase, the U.S. economy expands, and large corporations draw down their cash balances. | 1 | positive |
We continue to believe HLT is an excellent play on an improving corporate economy via a recovery in business travel. | 1 | positive |
We believe that 4Q00 included around $100M after-tax gain, versus $50M a year ago. | 0 | neutral |
resulting in significant weakness for the Directional Marketing division in 1Q. | 2 | negative |
Based on the inputs from the update, Xilinx is on track to meet our $403M revenue estimate for the quarter (up 3% Q/Q) and is also on track to meet its goals for reduction of total channel inventories (internal plus distributors) from 139 days in the Mar-05 period to 130 days in FQ1. | 1 | positive |
Notably, steep decline rates are expected to precipitate strong Venezuelan demand growth when the political turmoil subsides, possibly by year-end. | 1 | positive |
The electronics and communications segment's operating profit has been rising approximately 20% per year for the past three years. | 1 | positive |
For a more detailed and coherent discussion of our investment views, please see our F1Q02 earnings preview, dated August 21. | 0 | neutral |
In addition, the company expects capital expenditures of $400MM to $450MM in 2004 for new store openings, remodels, infrastructure improvements and a new corporate support center. | 0 | neutral |
In addition, execution risks remain for new products, particularly the 787.. | 2 | negative |
Longer-term, Tiffany believes there is room for 100 regular size stores in the U.S. plus another 70 in the smaller store format for a total of 170 stores, more than double the current number. | 0 | neutral |
In the long-term, however, the company expects more Brazilian land to be brought into production and further growth in Eastern European farm (i.e., larger farms that uses larger types of equipment). | 1 | positive |
Mall traffic for the month was �1%, with the first 3 weeks very negative, and positive traffic in weeks 4 and 5. Gap's traffic was �6%; that is the ugly number. | 2 | negative |
Industrial Production--According to the Bureau of Labor Statistics, the index of manufacturing industrial production has improved 5% since the beginning of the year and 8% from its May 2003 low. | 1 | positive |
We believe a strong quarter was anticipated considering the bounce the stock has seen in the past week. | 1 | positive |
Although the company maintains rebates are decades old industry practice, we believe the investigations subject Putnam to continued headline risk. | 2 | negative |
However, the company expects strength in the telecom networking and wireless switching domain in Asia (particularly China and India). | 1 | positive |
As such we examine a scenario is which they buy back 75% of $37 billion over the remainder of FY09. | 0 | neutral |
We believe Colgate will likely continue to guide for gross margin to be flat to slightly down in CY08. | 2 | negative |
Our first take on estimates: Our 2007E is unchanged at $2.38. | 0 | neutral |
Companies Mentioned Transocean (NYSE: RIG; Outperform; $82.19; Average Risk). | 1 | positive |
UK business of eBay has demonstrated remarkable growth in 2005 and continues to perform very well. | 1 | positive |
The company also calculates that its return on trade spending is better than on advertising. | 0 | neutral |
Only the Touring and Softtails will be produced (at York, PA) earlier. | 0 | neutral |
Fee income declined nearly 30% annualized vs. 2Q, attributable to a decline in mortgage banking income. | 2 | negative |
McDonald was a general partner of J. H. Whitney & Company, and president and CEO of both Prime Computer and Gould. | 0 | neutral |
Insect resistance represents only 8% of the GM market and contracted 6% in 2001.. | 0 | neutral |
We were at $2.85 billion prior to this and do not change our forecast. | 0 | neutral |
Once its new stores begin maturing, however, fixed costs should begin to be leveraged. | 1 | positive |
� We have initiated research coverage of IMS HEALTH with a "strong buy" investment rating on the shares and EPS estimates of $0.80 for 1999 and $0.98 for 2000, implying multiples of 30.2x and 24.6x, respectively. | 1 | positive |
There is also risk if the water pricing environment deteriorates in 2004 as we are forecasting. | 2 | negative |
STOCK RATING OVERWEIGHT Price (April 19, 2002) $42.11 Price Target $50 52-Week Range $46.19 - 30.70 Stock ratings are relative to the analyst's industry (or industry team's) coverage universe. | 1 | positive |
Credit Suisse expects to receive or intends to seek investment banking related compensation from the subject company (CVS) within the next 3 months. | 0 | neutral |
However, it is unlikely that all of this will be seen in the actually production figures, we think, if prices stay anywhere near $30/bbl. | 2 | negative |
Strong performance in Latin America from companies that already reported their earnings, gives us more confidence that Colgate will meet our estimates. | 1 | positive |
Going forward, the company anticipates a 70 to 100 basis point improvement in corporate gross margin due to ongoing restructuring benefit in the Medical segment and mix shift to more profitable product lines. | 1 | positive |
Planning Big Between late 1999 and early 2003, McDonald's share price declined about 75% as health concerns centering on cholesterol, obesity, nutritional content, etc. | 2 | negative |
The company plans to recover approximately 1 billion barrels of oil over the life of the project and returns are expected to be comparable to its existing Middle East operations (around 25%).. | 1 | positive |
2 spot behind Clear Channel, with a comfortable margin over ABC, Cox, and Entercom. | 0 | neutral |
For 2007, the company expects capital expenditures of $375 million related to the construction of these facilities. | 0 | neutral |
We have raised our "out year" 2006 and 2007 EPS estimates for PCL to reflect the planned reclassification of about 200,000 acres (3% of PCL's total 7.8 million acre timberlands base) from large "one-time" planned sales to smaller "ongoing" real estate sales spanning several years. | 1 | positive |
In investment banking, results were also solid with record pipeline and a 22% increase in the fee backlog. | 1 | positive |
Expect Forteo to be filed soon, followed by Zovant early 2001. | 0 | neutral |
Our oil and gas price assumptions are $2.20 per mcf in 1999 with $12.65 per barrel of oil and $2.35 per mcf of gas and $15.50 per barrel of oil in 2000. | 0 | neutral |
Management expects to reach a final binding agreement on Union and Gila River by June 2004 and close the transaction by September 2004. | 0 | neutral |
Ultimately, we believe that Forest can work down Celexa's annualized run rate to the $300-$400 million range by the time that generic competition emerges, which management expects in January 2005. | 0 | neutral |
We note that a reduction in the tax rate accounted for $0.04. | 0 | neutral |
The whole defense industry has experienced a significant price increase since September 11th. | 0 | neutral |
Merck-Medco's competitive position remains strong, displaying stability, breadth, and depth of management. | 1 | positive |
Summing up the four components (Yahoo! Japan, Alibaba, Gmarket and NOL), we arrive at a total non-core asset value per share at $4.25 per share. | 0 | neutral |
The result of this is that the acquiring company tends to underperform its peers at least temporarily. | 2 | negative |
Key Dates/Timeline: No timetable, but a determination could come soon. | 0 | neutral |
October Sales Well Above Plan, Guidance Raised - November 07, 2002. | 1 | positive |
We maintain our BUY (1M) investment rating and our 12-month price target of $23, 18 times (a 20% premium to our estimated long-term growth rate) our calendar 2003 EPS estimate of $1.30. | 1 | positive |
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.