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Recall that Avery faced a tough comparison, as 4Q04 volumes rose 10.5% due to extra days and prebuying ahead of price increases.
2
negative
at such a utilization level, cable plants would be unprofitable owing to intrinsically higher costs (lower gross margin) of cable business..
2
negative
BRI operates a chain of beer retail stores in Ontario and is jointly owned by Molson, Labatt and Sleeman.
0
neutral
We also believe investors should continue to aggregate Raytheon Aircraft and Raytheon's recently segregated "Other" line, which aggregates the losses of Flight Options, RAC's commuter business and its external training services.
2
negative
As previously discussed, Wells Fargo has one of the stickiest core deposit franchises in the nation, with core deposits comprising 85% of total deposits in 1Q05.
0
neutral
Management expects the expense ratio to improve in 4Q/06, partially due to lower advertising outlays and leverage from a 14th week in the quarter.
1
positive
This beat the consensus forecast by $0.03 per share We are taking our 2002 EPS forecast up to $2.07 from $2.00, but leaving 2003E EPS at $2.27 for now.
1
positive
The enhanced labeling allows TriPath to market its cytology system as superior to the conventional Pap smear, which it had not been allowed to do in the past.
1
positive
Finally, we contend that Xerox is an unlikely takeover candidate (too big, hard to fix, no strategic buyer, and huge debt); nor, in our opinion, is there a breakup scenario that works.
2
negative
On October 24, we look for Kodak to report Q3 EPS of $0.55 on revenue declines of 8%.
2
negative
Further, ACAS's ability to meet and grow its dividend payments without returning capital could be more constrained over time if ACAS does not maintain the 2007 pace of realized gains from the private equity portfolio..
2
negative
Collection (which includes the Ellen Tracy, Inc. and Linda Allard Ellen Tracy lines) accounted for approximately 80% of 2001 sales and casual sportswear (Company Ellen Tracy line) represented 20%.
0
neutral
PG will pay $4.95 billion for the business, $1.0 billion in cash and the remainder funded with debt.
0
neutral
We expect the transaction to be accretive to HSBC due to: 1) lower funding costs, and 2) the P/E multiple difference between the two stocks.
1
positive
However, we expect that the combined company is unlikely to have any strong platform brands established in the market for approximately twelve to eighteen months.
2
negative
Higher operating and maintenance costs ($108 million including Davis Besse-related costs) resulted in a 61% decline in operating income to $13 million during the quarter.
2
negative
Risks: We believe risks to our current Hold rating would include a significant deterioration of ROK`s automation end-markets beyond what our model and index are currently assuming..
2
negative
Seabourn Carnival took a 25% stake in Seaboum in 1992, giving Carnival a share of the luxury cruise market.
0
neutral
Having said that, they remain confident that PC OEMs are very supportive of AMD, and that they will give more clarity on their MPU roadmap at the June 1 Analyst Day..
1
positive
Given the different adjustment factors (partly due to day sales) being used by the BEA, we estimate this would translate into SAAR of roughly 15.9 million.
0
neutral
Taking this into account, we forecast total EPS growth for MetLife will be more in the area of 10%.
1
positive
Lowering Net Adds Forecast to 800,000; Revising Fourth Quarter and Full-Year Net Add Estimates to 1.2 Million and 3.8 Million.
0
neutral
We believe that this is warranted given the company's outstanding fundamentals pertaining to sales, earnings, and cash flow..
1
positive
Customers in the US have to spend more US dollars to send the same amount of Euros.
0
neutral
From a volume share perspective, Kodak's volume share edged upward 60 basis points year over year, while Fuji's volume share surged 4.5 points year over year.
1
positive
Our published estimate of $0.63 included $0.02 from the discontinued operations, so the quarter was in line with our expectations.
0
neutral
diversification + cost controls = positives - BUY.
1
positive
In a document filed with the SEC yesterday, WYE outlined the terms of its settlement agreement with Teva on Effexor XR.
0
neutral
Operations take place in the Americas; Europe, Middle East and Africa; and Asia..
0
neutral
About 6.9 million microprocessors were shipped in the third quarter, with an average selling price around $91, compared to 6.3 million units last quarter when average prices were around $92.50, reflecting increased Duron shipments.
1
positive
By our count these totaled 15 globally (excluding Germany and the Netherlands).
0
neutral
We also believe the Superior acquisition is proceeding well, and the actual deposit run-off has been only one-third of the originally projected 50% attrition (note that Charter One re-priced all of Superior's above market-priced CD's shortly after the date of closing).
1
positive
Our model also assumes a 9.5% cap rate on affordable properties, which again, includes those conventional properties with rents below $600/month.
0
neutral
Despite this fortuitous timing for XRX, we continue to believe that it will fall short of its goals for TEK's contribution to EPS and revenues.
2
negative
Carnival witnessed strong revenue growth driven by enhanced capacity and strong demand in Europe.
1
positive
For its direct stores, management said that its same store sales were up more than 20% year-over-year.
1
positive
For Card Issuing Services, in 1Q/05, revenue rose 8% to $603 million, trailing our $614 million forecast.
1
positive
But until new products arrive and new applications are developed for this market, it is still an article of faith that the chasm can be crossed within the foreseeable future..
2
negative
The combination of mix and market demand offers little opportunity for a significant margin recovery in 2010, in our view..
2
negative
This is positive from a pricing standpoint, as professionals receive discount cards of about 10-20% off the retail price.
1
positive
Much of the work here is classified, so visibility into this sector is probably the lowest of any of Northrop's sectors.
2
negative
In addition, we believe Renagel sales will benefit incrementally when the new Medicare drug benefit takes effect in 2006.
1
positive
� $0.03 due to the resilience of the U.S. dollar.
0
neutral
By comparison, in 2000, monthly announced M&A volumes averaged $272 billion amid a period of large, transformational deals that favored equity versus cash as the preferred form of payment..
0
neutral
The mean increase in hemoglobin over the initial four weeks of Aranesp treatment was 1.10 g/dL.
0
neutral
The company announced that 1999 earnings would fall short of expectations as a result, and its stock suffered.
2
negative
Power-One is a leading pure play manufacturer of power electronics serving the communications, industrial, and transportation markets.
1
positive
We believe the traditional post-approval risk adjustment is now fully reflected in the stock's price and risk has shifted from development success to commercial execution.
0
neutral
Earnings include $0.02 accretion from its $1 million tender offer.
0
neutral
We believe that other competitive product introductions may dampen the benefit.
2
negative
We now expect there to be additional compacts in California signed, which could allow for an even greater expansion.
0
neutral
We measure reserves in a method used by banking regulators, by looking at the number of months that reserves cover losses.
0
neutral
CY also plans to offer a USB OnThe-Go solution in the summer timeframe which will enable peripherals to support limited hosting functionality as well..
0
neutral
Conference Call Highlights Expect to see increased semi-submersible orders in 2H05.
1
positive
As of December 31, Merck is aware that it has been served or named as a defendant in approximately 27,400 lawsuits.
0
neutral
Importantly, the memory content per system in each of the above types of consumer devices is growing rapidly, at a much faster rate compared to the computer market.
1
positive
The tax rate was 24.0%, down 70 basis points and we would expect this rate to be maintained going forward thanks to SGP's solid tax planning.
1
positive
To this end, the companys proprietary vendor communication interface, Retail Link, was introduced in the early 1990s.
0
neutral
Volume growth was driven by strong performance of Science Diet and Prescription Diet products.
1
positive
We believe a final decision on a broader rollout will be made by 2Q05.
0
neutral
Currently, the shares are trading at 20x times our CY06 earnings and the consensus CY07 earnings.
0
neutral
In addition, the Parent provides funds to its subsidiaries.
0
neutral
Net Interest Income: Net interest income for the quarter ended September 2007 increased 28% to $4.6 billion from $3.6 billion in the year earlier period and 2.2% from $4.5 billion in the prior quarter.
1
positive
Anecdotal evidence and the forward pacings in the major markets suggest it is still strong, though against very easy comps.
1
positive
With that review due by the end of the first quarter, the announcement of a major new cost savings initiative is imminent (we expect a formal announcement in the next 30-60 days).
0
neutral
Our 9.5% long-term profit growth forecasts results in our price target of $83..
0
neutral
Global inventories were up 15%, higher than we expected due to some pockets of weakness overseas, higher in-transit inventory, and expansion of company-owned retail stores.
2
negative
Nicor also has supply diversity and bargaining leverage since it has eight interstate pipelines from which to source its gas supplies.
1
positive
Dilution from share issuance and full consolidation of op losses roughly a penny and likely offset by operating efficiencies gained..
0
neutral
A 65% initial year decline, followed by a 30% year 2 decline and a 15% year 3 decline.
2
negative
Interpore has an attractive portfolio consisting of spinal hardware, orthobiologics and minimally invasive surgical (MIS) products..
1
positive
In addition to the unavoidable cost pressures in the last quarter and going forward, the companys marketing strategy calls for higher marketing investment and trade spending support relative to a year ago.
2
negative
Factoring this in, we nonetheless modestly increase our price target from $14 to $15, reflecting our higher estimates and a sum of the parts valuation methodology (see "Valuation" section).
1
positive
Although the purchase is expected to close following Chase's acquisition of Fleming, we note that this deal is not contingent upon the Chase-Fleming deal.
0
neutral
The Wealth and Institutional Management segment offers products and services that include personal trust, private lending, institutional trust, retirement services, investment management and advisory services, and discount securities brokerage services.
0
neutral
Litigation results could impact AEFA, driving higher associated costs, while structural changes could force restructuring charges.
2
negative
Over the balance of the year, we forecast SG&A rate should benefit from improving sales trends, a moderation in growth rate of American Express card penetration, and annualizing utility cost increases (in May/June).
1
positive
The unusually low level of chargeoff rates experienced so far this year are a result of the "pull forward effect" caused by the surge in bankruptcy claims in the fourth quarter of 2005.
0
neutral
With the SAP Integration now behind them, the systems are once again working properly and the company is adjusting prices to recover the cost of higher input costs.
1
positive
It is constructing a 322,000 tonne smelter in Iceland for a capital cost of approximately $1.1 billion ($3,400 per tonne).
0
neutral
l We believe management's focus on widening margins is appropriate, and in recent months,.
1
positive
The savings associated with this consolidation of business headquarters and reduction in corporate overhead is expected to total $21M, mostly in FY07.
0
neutral
Price Worst Case Best Case Source: UBS estimates Next 3 to 6 months $17 $26 Today plus 1 Year $19 $31.
0
neutral
Moore Corp., with its extensive proprietary technology in the health care sector (Moore has 75% of the not-for-profit acute care market) is confident that they will be awarded roughly half of the projected sales, or $60 million a year, approximately a 2% increase in North American forms revenues.
1
positive
The biggest uptick in drilling activity this year should occur in the East Texas and Mid-Continent regions where new 3-D seismic surveys continue to reveal additional opportunities.
1
positive
Transaction-based revenue in small business represented 52% of total small business revenue, up from 50% in the third quarter.
0
neutral
TECO is currently seeking a buyer for this business.
0
neutral
The stock is currently trading at 51.0x our 2001 EPS estimate of $0.45, and 47.9x our 2002 EPS estimate of $0.48, which represents a premium to the comparable group, which is currently trading at 43.1x 2002 consensus EPS numbers.
0
neutral
Exhibit 17: Bristol-Myers Squibb Product Revenue Forecast Summary.
0
neutral
With increased delivered dialysis dose, urea reduction ratio (URR) increased from a baseline of 56 5.7% to 62.3 6.3% at 12 months (p<0.003)and 66 7.7% at 24 months (p<0.011).
0
neutral
Dominion recently announced the sale of this company for up to $550 million and is expected to close on the sale by the end of 2000.
0
neutral
Considering December results, we anticipate that 4Q03 results will show slight traffic growth and a. .
1
positive
Share price outperformance relies on better than expected organic revenue growth, consistent realization of positive operating leverage and successful merger integration.
1
positive
Thus, reported revenues for retail upgrade sales reflect a conservative view of what the company believes enduser customers are purchasing rather than what the distribution channel is actually stocking.
0
neutral
Transaction Processing Industry Snapshot The significant savings generated by the electronic processing of claims has motivated healthcare industry participants, especially payors, to convert their claims adjudication process as well as other information exchanges to an electronic platform from the previous paper-drive...
0
neutral
Additionally, both the asphalt and ready-mix businesses tend to require more local management compared with pure aggregates operations, and possess other various intricacies that distinguish them from the rock business..
0
neutral
The General Bank (45-50% of Estimated 2001 Earnings).
0
neutral
It is debatable whether this would be a tradable rally starting this late in the season.
0
neutral
The uptick in utilization and dayrates in the standard ILC segment of the GOM is encouraging.
1
positive
Finally, we are pleased that with the shareholders' approval today, the recent noise being made by Massachusetts Secretary of State William Galvin, who has charged that not only is the sale of Gillette "lining the pockets" excessively of G Chairman and CEO Jim Kilts, but also that the proposed acquisition price (of rou...
1
positive