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* Henderson (U.S.): PD recently completed a development project to increase the annual moly production capacity to 18,100 tpy from 14,500 tpy, at an estimated cost of $20MM.
1
positive
We anticipate international Avonex sales will reach $57 million in the fourth quarter, and $214 million for the full year 2000.
0
neutral
NIKE women is a multichannel concept selling through its traditional accounts, owned retail (9 stores now with another 4 planned by October), e-commerce and a new catalog; in 2004 the later three channels reached 9 million women.
0
neutral
GLW's fiber sales are directly correlated to carrier capex, and these numbers continue to come down.
2
negative
ISIS has published that the inhibition of apoB-100 expression in several mouse models not only reduced plasma LDL and cholesterol, but it also induced changes in gene expression in the liver, leading to improved liver function (Crooke et. al.
1
positive
Phelps is targeting unit costs for the fourth quarter of 2001 of around $0.70-0.71 per pound of copper..
0
neutral
Similarly, our reduction to our 2002 estimate was driven by the desire to incorporate a greater degree of conservatism in our outlook amidst the uncertain market environment.
2
negative
Resetting the Platform For Improved Results In 2005E.
1
positive
At 1.18 times adjusted book value (pre-FAS 115), Ambac is also in the middle of its historical range of 0.66-1.77 times.
0
neutral
survey, they did suggest relative stability in Taxus and Cypher market shares until 2007.
0
neutral
However, operating leverage from volatile incentive management fees is material and the company's adjusted EBITDA performance following September 11th was relatively in-line with the leading owner/operators.
0
neutral
Management considers Golden West's collateral-based lending model - and reliance on an in-house appraisal staff - the "secret sauce" that has resulted in industry leading credit performance through the cycle.
1
positive
Another 90,000 municipal account members is expected to convert to ASO this year.
0
neutral
In addition, the company is working with clinical investigators to evaluate each patient treated with Tysabri in clinical trials through a physical examination and MRI, as well as hold discussions with leading experts in the field of PML.
0
neutral
As such, our Q2 and 2004 estimates remain unchanged at this time.
0
neutral
Results reflected linked quarter positive operating leverage off a sluggish prior quarter (revenues up 3% core, expenses down 2% core - not annualized).
1
positive
ADP Hollander's product line includes Powerlink, Hollander Yard Management System, EDEN, AccuPart, ProScanner, and the Hollander Interchange.
0
neutral
MARKETING ONEOK Gas Marketing Company markets natural gas to wholesale and retail customers in the United States.
0
neutral
The reason is, as long as there is no scandal which of course can't always happen, co-branding will possibly bring in the Walt Disney person, it might bring in the hospital worker or the patient or it might bring in the Wal-Mart shopper that ordinarily would not patronize the free standing McDonald's, or might not driv...
1
positive
The trigger is believed to be shareholder pressure on the company to act decisively to get the stock price moving.
0
neutral
Our price target of $58 is based on WMT shares selling at 16x-17x our FY09 EPS estimate of $3.50, or at a P/E-to-growth rate premium of 28% assuming a 13% five-year CAGR for EPS.
0
neutral
Data analysis is ongoing, with data from these studies expected to be submitted to the FDA in early 2002.
0
neutral
For instance, Honeywell has indicated that its security monitoring business (which is not an integral component for its other Building Controls business) in its Automation & Control segment has now been put up for sale.
0
neutral
We also believe the company's lack of debt helps illustrate the company's solid financial foundation.
1
positive
Since the supply of U.S. Gulf jackups peaked in 2001 at 156 rigs, 46 units have either left the rig supply by mobilizing out of the U.S. Gulf or through rig attrition, which has reduced the current supply to 110 rigs.
2
negative
Accounting for roughly 40% of ITT's Defense business, Services represents a great business model for the company with a lot of opportunities to pursue.
1
positive
The $0.30 downside surprise versus our est. was the result of a $0.31 downside variance among the oper.
2
negative
Over 25 antibodies have been developed, and the companies would like to move the most potent candidates into the clinic this year.
0
neutral
Management maintained its existing 2002 EPS guidance of $2.06-2.18 and provided guidance for 2Q02 that is slightly higher than our prior estimate.
1
positive
SG&A of $198 million was $13 million above our estimates.
2
negative
Another example of the new CEO moving quickly to make changes at the company would include a change to the company's portfolio of businesses, either from acquisitions or divestitures (of which we have seen both at Newell Rubbermaid and Procter & Gamble).
1
positive
rates remain at current levels, the recent 100 bp increase in the Fed Funds rate would translate into $10 - $20 million incremental pre-tax income, or $0.02-$0.03 per share.
1
positive
Growth in self-pay volumes remain HMA's biggest challenge, as growth acclerated to 8.5%, from 7.0% in the prior quarter.
2
negative
In terms of the product pipeline, JNJ continues to expect to have a ceramic on ceramic hip in the US in 2005.
0
neutral
We expect to see stronger results from the credit card area during the heavy credit card use periods of back-to-school and holiday spending for the second half of the year.
1
positive
The company has emerged from roots as a database developer; in 1979, Oracle's predecessor, Relational Software, released the first commercially available implementation of the SQL database query language.
0
neutral
We believe tolevamer is more likely to find use as a treatment for recurrent CDAD.
0
neutral
DuPont highlighted its growth in foreign markets especially its seed growth in corn and soy, where the company is taking share.
1
positive
Exhibit 2 shows that when we work backwards from the $1.10 that Mattel printed last year, and we add back the items that Mattel flowed through its P&L past year (that some less "stand-up" companies would exclude as "nonrecurring items") we get to operating earnings of about $1.28 last year.
0
neutral
Demographic trends support continuing demand for the retirement products and services offered by Lincoln National.
1
positive
Based on this opportunity, we believe that the timing was excellent for Danaher to introduce a one-stop-shop for water and wastewater instrumentation at this year's tradeshow.
1
positive
Airbus will have a competitor for the 787 in the A350 and Boeing will have a competitor in the A380 with the 747-8.
0
neutral
Jude expects its full-year CVA revenues to grow 25-30% to roughly $160-165MM.
1
positive
Once we have established a view of the intrinsic value of the business, we evaluate the factors that might cause the stock price to converge on or diverge from our estimate of the intrinsic value of the business.
0
neutral
Meredith will have net debt of approximately $475 million after closing the acquisition of WGNX.
0
neutral
We arrive at our $31 price target by applying a 20 times multiple to our $369.9 million estimate of 2002 EBITDA, then adjusting for debt, cash and hidden assets.
0
neutral
Most notably, eBay's largest segment, US transaction revenue at 38% of total revenue, saw only 19% Y/Y revenue growth compared to 39% Y/Y in CQ1:04.
0
neutral
SPLS announced it will acquire the mail order business of Guilbert for 825mm euros, or about 16x EBITDA which appears consistent with other direct mail acquisitions.
0
neutral
6. Raising 2000 EPS estimates from to $0.78 and introducing a preliminary 2001 EPS estimate of $1.10.
1
positive
Our EPS goes to $5.62 overall revenue forecast doesn't really change, but gross margin dollars in Hardware (returns improvement) and Software (revenue strength) should be higher than we first modeled and IBM share buybacks should increase YoY.
1
positive
Internationally, Transocean expects Angola, Nigeria, Mexico, the Middle East and India rig demand to increase.
1
positive
Customer service is showing signs of improvement, despite a reduction in workforce, with the percentage of claims resolved in a single submission moving higher.
1
positive
Apple's U.S. retail presence has also received a strong boost from the company's growing relationship with Best Buy.
1
positive
2006 costs increase: The company currently expects operating and maintenance costs to exceed the level of costs reported for the fourth quarter of 2005 by approximately $30 to $50 million in the first quarter of 2006 and $70 to $90 million in the second quarter.
0
neutral
The $1.4B components biz (20% of total revs) is just above breakeven now.
1
positive
We believe APCC is well positioned to capitalize on this increased IT spend..
2
negative
GE's AAA credit rating, cash generated from the commercial finance receivables portfolio, and asset securitizations all allow for successful execution of this strategy.
1
positive
The Managed Access segment posted sales of $84.3 million, falling short of our expectation of $100.1 million.
2
negative
In summary, we noted no disclosures or balances in EMC's Q2 10-Q that we consider to be of a unusual or unexpected nature.
0
neutral
During the quarter, Delta repurchased 3.9 million shares of stock under two authorized share repurchase programs.
0
neutral
recently lowered to reflect management's revised guidance earlier this year.
2
negative
After considering the specials, Staples' price advantage narrowed to 1.3%, as there were three items in the Stop & Shop that customers could purchase for significant savings if they used their Stop & Shop customer loyalty card (Exhibit 26).
2
negative
Division I faces a relatively easy comp increase of 4.2% in Q3 of 2002.
1
positive
In addition, the company highlighted that it had the strongest March results in its history and that sales in April have remained strong.
1
positive
Valuations: based on an average share price that year, (E): based on a share price of US$29.75 on 27 Jul 2004; Source: Company accounts, Thomson Financial, UBS estimates.
0
neutral
DGX's strong 2Q earnings results and improved FY07 outlook has prompted us to raise our FY07 EPS estimate to $2.80 (from $2.75) and our FY08 EPS estimate to $3.19 (from $3.13).
1
positive
This would leave the company with $1.3 billion in unrestricted cash and equivalents after the deal.
0
neutral
$0.20 per share, while the First Call consensus estimate was a loss of $0.19 per share.
2
negative
Operating margin (before non-recurring charges) was down 30 basis points sequentially at 3.1% of sales due to lower SG&A expense as a percentage of revenue (5.2% versus 5.6% last quarter).
2
negative
Peer metrics based on forward looking estimates.
0
neutral
5,006,528, which covers aripiprazole and expires in October 2014.
0
neutral
We were 5 above prior guidance at $3.35, new 2006E EPS of $3.45 puts us right at upper end of range.
1
positive
Lucent believes that the straight impact, without synergies, is a few pennies dilution to Fiscal 1999 results.
0
neutral
The pivotal Phase III trial conducted by development partner GPC Biotech failed to demonstrate a survival benefit in this cancer setting.
2
negative
We expect the company to continue hedging its E&P production with natural gas and crude oil prices at very favorable levels.
1
positive
The pipeline of new ideas to drive future comparable store sales growth and improve productivity remains full.
1
positive
Division results for 1Q06 are unadjusted for one-time items.
0
neutral
Nonetheless, today we are cutting our assumptions for Revlimid first line use in 2007.
2
negative
We rate ChevronTexaco Outperform with a $55 target price.
1
positive
By our estimate, a CCU acquisition of XM under Acquisition Scenario Two would be dilutive to EPS for three years, or until 2011E, and dilutive to FCF/Share for five years, or until 2013E..
0
neutral
We are dropping equity research coverage of Caremark (CMX) following the completion of the merger with CVS. Our final rating on Caremark is Market Perform.
0
neutral
Comcast Total Cable Operations, Annual (continued) Pro Forma for Time Warner Cable/ Adelphia Transactions in 4Q06 and Beyond.
0
neutral
The Gold Versapack will represent an upgrade opportunity for all VersaPack users.
1
positive
Although majority of senior executives spent their entire career at the same company, "mother DuPont" (which is typical for most of the US chemical companies), the new generation is more likely to be charged in re-inventing the new DuPont.
0
neutral
In fact, Enron could even move to outsourcing in its purest form by outright purchase of a client's asset system and fully integrating it into its nationwide energy delivery grid.
0
neutral
payments, we forecast that the company will pay $0.50 in dividends in 2005.
0
neutral
We think it is too early to have confidence in that conclusion.
0
neutral
(c) As of 2Q97, includes Whirlpool credit card receivables and Metropolitan Mortgage and Transamerica Mortgage Company receivables.
0
neutral
If we assume that one-third (27MM) become subscribers throughout the year, multiplied by $2.50/month, we arrive at the potential subscription revenue generated from that user.
0
neutral
Importantly, fixed annuity spreads increased from 4Q01, and JHF expects to maintain spreads at roughly 200 bp in 2003; the company has aggressively managed crediting rates to keep pace with falling investment yields.
1
positive
We expect a relatively stable net interest margin, good fee income growth from remaining businesses, and tight expense control to drive results for National City in 2007 and 2008.
1
positive
That said, much of the downward revision in ADC's core business estimates comes from Digivance a product area where Adtran doesn't participate.
2
negative
We do not look at NRx market-share trends during a generic launch period since refill Rx get captured as new Rx when a brand goes generic.
0
neutral
We are enthusiastic about an HPV vaccine candidate (2007E approval) against cervical cancer.
1
positive
Moreover, with respect to equity underwriting, Morgan Stanley Dean Witter ranks second in worldwide common stockofferings behind Goldman Sachs, and first in international initial public offerings as of June 30, 2000, the most current ranking available..
0
neutral
PD, with its high operating leverage to copper price changes and unit cost changes, remains a solid play on copper.
1
positive
Net outflows excluding money market funds totaled $9.9 billion in the second quarter.
0
neutral
Costs were lower due to the capitalization of project development costs ($22 million year-over-year EBIT), favorable resolution of ad valorem tax issues ($8 million EBIT impact), and higher revenues from improved storage prices and expansion projects.
1
positive
No more charges are expected for the BPR program.
0
neutral
Moreover, the company reiterated its long-term growth and profitability targets: Total Revenue EPS IMG Operating Margin CMG Operating Margin 15% 25% 23-25% 13-15%..
0
neutral