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Confirmation hearings regarding the company's proposed plan of.
0
neutral
A 100 basis point increase in that spread results in an investment value of $28.
0
neutral
The cost of the plant was $13 million, with an additional $68 million for nuclear fuel.
0
neutral
Growth in the anemia market (excluding ESRD patients) has been quite strong the past couple years.
1
positive
Comcast Corp. Comcast reported solid subscriber growth for 4Q.
1
positive
We think any decisions along these lines would be well received by investors.
0
neutral
It may take time, however, to bring the poorly operated plant up to the company's standard.
2
negative
Moreover, MSDW continues to target charge-off control as a key business priority for credit services, while the profitability of the business remains robust and the incremental diversification to revenue and earnings is a clear credit positive.
1
positive
Consequently, our price objective incorporates multiples of 11.8x 2007E EPS (very close to the current multiple on 2006E EPS) and 6.0x 2007E EBITDA.
0
neutral
Terex Corp. Estimates Raised on Strong 3Q Results.
1
positive
The company also indicated the $188MM foreign exchange benefit was slightly below management's expectation, due to dollar appreciation since the last round of company guidance in January.
2
negative
Commissioners can propose alternative plans within 30 days of the ALJ's decision.
0
neutral
TI and leasing costs declined significantly in the quarter, to $17.14 per square from $21.83 in 4Q03, for office leases that commenced during the quarter.
1
positive
The Board has also authorized an 8.1% increase in the quarterly dividend to $0.20 per share.
1
positive
It locks out competitors while maintaining market-based day rates and cash margins for its rigs.
1
positive
These strong gains prompted management to raise its quarterly guidance to $1.2 $1.8 billion on the earnings call.
1
positive
The bank recently announced the sale of its $4 billion manufactured housing loan portfolio to Vanderbilt Mortgage and Finance, auto leasing ($8.9 billion at September 30, 2004) is likely to continue to run-down and there will be some other small portfolios sold to clean up/get rid of "hobbies"..
0
neutral
NOT ALL THE WAY OUT OF THE WOODS: Key risks remain execution of asset sales and refinancing bank debt.
2
negative
In addition to strong returns and impressive free cash flow generation, ADP has built an unprecedented track record of consistent EPS growth.
1
positive
We estimate the incremental value of this acreage to be roughly $2-$8 per share after-tax in present value terms.
0
neutral
Nevertheless, higher taxes and heightened competition in the North Central region and competitive pressures in the South Central region continue to hamper performance.
2
negative
Seasonality negatively impacted performance at each division.
2
negative
The Company reported 4Q04 EPS of $0.68 vs. $0.41 a year ago, in line with our expectations, but above the street consensus of $0.66 per share, before adjustments.
0
neutral
Off balance sheet debt increased in 1998 for a $490 million synthetic lease facility.
2
negative
The company lowered its expectations for total company expense growth in 04 to approximately $50 million from previous expectations of approximately $100 million (or less than $25 million on a GAAP basis).
2
negative
In addition, very little business is at risk of merger-related (i.e., client taken over by a company using a competing PBM) changes in 2007..
0
neutral
We believe the recent announcement of a redesign of the eBay Germany site, accompanied by a listings discount, is a step toward a rebound in that country, where QTD listings were tracking down 23% Y/Y.
1
positive
Weakness in OSB, MBD, and E&D margins all suggest weak consumer spending.
2
negative
These include, John Deere lawn-mower tractors, Carpet Master carpeting, an expanded Anderson Windows offering, and remerchandising the light bulb category.
0
neutral
As of June 30, 2005, the company had approximately 21 million shares of common stock available under its current share repurchase program.
0
neutral
In the latest quarter it was 45% compared with 55% for BP.
0
neutral
The transaction will be financed through the issuance of 7 million shares..
0
neutral
Perhaps our concern that new U.S. competitor, Associated British Foods, would lead to more intense conditions in the core U.S. spice sector has not played out.
2
negative
Operating margins expanded 140 basis points on the heels of 7% productivity improvement (see table).
1
positive
The old dividend policy had a fixed dividend of $1.00 per share accompanied by a 30% payout of earnings above $3.00 per share.
0
neutral
The standard was conceived by Microsoft and four key partners: Cisco, Intel, BMC Software, and Compaq.
0
neutral
Results in April were slightly stronger in the US than our forecast.
1
positive
The activities being eliminated $0.8B of low gross margin sales of commodity hardware plus the marginal Federal Systems business contributed $1.27B to revenue last year (18% of the total).
0
neutral
Importantly, we expect many of these initiatives will help contribute to the re-acceleration in earnings over the back half of this fiscal year.
1
positive
Kodak plans to extend its manufacturing capabilities in China to single-use devices by next month.
0
neutral
The company expects to use stock as opposed to cash.
0
neutral
Management characterized pricing for LCD glass as stable in the quarter.
0
neutral
The gross margin improvement along with further opex tightening should reduce the operating loss to -12.5% from -16.6% Q/Q and contribute to a pro forma loss of ($0.01).
1
positive
We believe that the acquisition of SiByte extends.
0
neutral
The company also completed its regionalization within the United States over the past year.
0
neutral
Stock valuations above $16 require almost perfect execution over next few years.
0
neutral
Similar to last year, we believe that once again mgmt is taking a very conservative stance, with a Viread guidance range of $700-$750MM, as well as a high expense rate.
1
positive
Investment significance is as follows: 1. PPI for prepared paint posted the highest increase since 1995 -- continues to suggest pricing on track.
1
positive
Assuming fuel costs remain where they are currently, the main impact from such costs will be in the first half of 2000, with easier comparisons in the second half of the year.
0
neutral
Exhibit 2 details management's longer-term organic growth assessment for its securities processing business, as presented to the investment community at each of its last three investment community meetings.
0
neutral
We have tempered our expectations over the near term with earnings reductions in 2Q04 to $1.02 from $1.22, 3Q04 to $1.10 from $1.29 and 4Q04 to $1.10 from $1.30.
2
negative
(TIF-$45.50-Peer Perform) 4Q POSTGAME: Sales Sparkle, but Margin Dynamic Still Needs More Clarity.
1
positive
Management has also previously cited that Abbott participates in a certain segment of the market involving larger vessels in which AngioSeal is not approved to compete.
0
neutral
With lack of overall top line momentum (exposed to several matured categories ex yogurt; market share loss in cereal among other products) and our belief that profit margins will at best remain flat (inability to pass on higher costs due to unbalanced pricing), we expect GIS will report flat (or worse) EBIT growth in t...
2
negative
I have no trust in anything the corporation says.
2
negative
(-) Company lowered new store growth expectations for 2009 to 15 stores (7% square footage) from 25-30 stores (approximately 13-14%) due to the challenging economic environment and cash flow constraints.
2
negative
IBM's financing division lets IBM help its customers find cost-effective ways to implement their IT strategies.
1
positive
In C1Q98, the company also plans to ship a Fast Ethernet server NIC and Gigabit Ethernet NICs.
0
neutral
an increase in royalty revenue and an increase in the company's addressable market for semiconductors.
1
positive
As a result of an aggressive "best-of-breed" acquisition strategy over the last several years, HBOC has established itself as a "one-stop shop" for healthcare providers and payors, offering the most comprehensive range of products and services in the HCIS industry.
1
positive
Germany achieved its first quarter ever of $1-plus bn in GMS (up 177% Y/Y).
1
positive
We note that we do not expect much in terms of distribution gains from the merger for sales of Kellogg's Convenience items in 2001.
2
negative
Our organic sales estimate is reduced to 4.9% from 5.7% vs guidance of 3-5%.
2
negative
We are maintaining our 2007 EPS estimate of $8.80 and initiating a 2008 EPS estimate of $9.30.
0
neutral
Investment Thesis: News flow continues to chip away at the bull thesis that 1) the NCD will be amended and 2) the NCD will not be adopted by private payors, and we expect increasing downward pressure on the stock in the short term.
2
negative
We estimate that MBIA had about $1.4 billion to $1.5 billion of capital in excess of that required for its triple-A rating from Standard & Poor's as of December 31, 2003.
1
positive
Calculation of potential U.S. footprint: For each type of site in the U.S., we estimated what we call the potential ATM/CD "footprint," which is defined as the total potential number of machines that can be supported by that particular type of site.
0
neutral
Total other product sales for F2Q02 were $120 million, increasing 7% from $112 million last year.
1
positive
Price Target: (12 months) for (MSFT) Method: Our target price of $27.50 for Microsoft is based on a next twelve months price to earnings (P/E) ratio of 15.6 times our next twelve months earnings estimate of $1.76 at a discount to the software industry average (excluding Microsoft) of 16.8 times, which we view as fair d...
1
positive
In recent years, GP has spent an awful lot of corporate energy pursuing "deals" as a value-creation tool.
0
neutral
What Went Well Effexor revenues came in significantly above our estimates ($893 mm vs. $783) in part due to stocking, but also reflecting a steady market share position even as new competition from Cymbalta entered the market.
1
positive
Management reiterated 2007 guidance for capex and free cash flow.
0
neutral
With a current relative multiple of only 1.0x, IBM is at the mid-point of its 14-year range.
0
neutral
The final quarter of 2002 included a onetime $50MM software sale, which contributed $0.04 to EPS.
0
neutral
Valuation: PG&E shares trade at a P/E premium, 15.6 times versus approximately 14.7 times, to their Traditional Power Company (integrated, regulated) peers using estimated 2007 EPS.
0
neutral
Thus, we are initiating coverage with a Hold rating.
2
negative
Humana placed the blame for the slower growth on a suite of new plan designs being rolled out for 2009, in combination with aggressive positioning by competitors.
2
negative
The company reported that bookings were below the estimated $450 million consumption level for the quarter as customers worked through the estimated $250 million in excess bookings accumulated during the previous fiscal year.
2
negative
Assuming that 40% of Overture's business goes away, then we estimate the pro forma revs and EPS would be $2.0 BN and $0.42 in 2004 (vs. $1.59 Bn & $0.46 currently).
0
neutral
The program received a brief mention back in 2007, but we expect it to take center stage for Renal this year.
0
neutral
We think growth this year is being driven by the selfexpanding Smart and improved "Smarter" stent.
1
positive
* 7 bps contraction per quarter in investment spreads throughout 2005.
0
neutral
AW also extended its revolver maturity by three years.
0
neutral
Our 1998 annual revenue projections for Aeronautics' major programs are $2.5 billion for the F-16, $1.2 billion for the F-22, and $1.0 billion for the C-130J.
0
neutral
Adjusted net sales for Q4 were $514 million, decreasing -3.1% from last year.
2
negative
Source: U.S. Navy budget documents, Company reports and CIBC World Markets Corp..
0
neutral
Our assumptions are the following: a 5-year EBIT compounded annual growth rate (CAGR) of 4.5% to 2008, a terminal-year EBIT margin of 9.9%, and free cash flow of $1.3 billion.
0
neutral
Notably, two of the industry's more active growth areas Consumerism and in-house Pharmacy Benefit Management (PBM) operations had strong 2005 performances for Aetna.
1
positive
from 43.5% a year ago driven by a decline in wireline margins.
2
negative
What spurred the article was the death of a 21 year old who received the malfunctioning device.
2
negative
One of the industry's fastest-growing markets has been radiation-cured products, which have grown more than 15% over the past decade, although from a small base.
1
positive
Discussions with industry sources indicates that interest in Peoplesoft products has increased significantly over the past several months, and we believe that the company is now, once again, making the short list on some of the largest deals in the market.
1
positive
Allegheny ended the quarter with $26.2 million in cash and $543.8 in total debt.
0
neutral
Film and entertainment remains the top advertising category.
0
neutral
However, F1Q08 included a one time benefit related to the recognition of $21 million in revenue on previously deferred disease management revenues.
0
neutral
Fiserv reported 1Q08 adjusted EPS of $0.78, $0.04 better than our estimate and $0.02 better than street consensus.
1
positive
The major changes will be the elimination of two reporting segments and the creation of three new ones, as well as retirement of three high level executives to be replaced with younger staff of McNerney's choosing.
0
neutral
1) US structured finance revenues increased 43% in the quarter and strength was seen in derivatives, commercial and residential mortgate-backeds and asset-backeds.
1
positive
In addition, WMB expanded its Kern River system into the California market by 135 MMcf/d or 19% by adding compression, which also could provide incremental earnings..
1
positive
Excluding non-recurring items, operating margin was 13.1% versus 10.5% reported and our 12.5% estimate, while adjusted EPS of $0.79 was below our $0.84 estimate.
2
negative