Archive for March, 2010
(ATSI) ATS Medical Incorporated – Bear of the Day
ATS Medical, Inc. (ATSI) is one of the leading players in the mechanical heart valve market in the world. While mechanical heart valves are still growing in international markets, demand for this product is declining in the U.S. markets where tissue valves are more in favor. We...
12Mar2010 | vitalstocks | 0 comments | Continued(EAT) Brinker International – Earnings Surprised by 31.8% for the Fiscal Second Quarter
Brinker International Inc. (EAT) is managing its way through a rocky restaurant environment. The company has surprised on estimates the last 4 quarters by an average of 18.6%. Company Description Brinker International operate casual dining restaurants in 27 countries and 2 territories. The...
12Mar2010 | vitalstocks | 0 comments | Continued(PCL) Timberland Stocks: Why It’s Time to Knock on Wood for Profits
If you’re not following the money into timberland stocks, you should. Here’s why… Timberland has outperformed the S&P 500 since 1910. In recent history, timber has outperformed the market significantly. Since 1987, the NCREIF Timberland Index climbed by an average...
12Mar2010 | InvestmentU | 0 comments | Continued(PDEX) Pro-Dex – Profitability Will be the Key to Success – Undervalued?
People who are familiar with the healthcare sector might have found a different phenomenon in the New Year that investors start switching their focus on companies which have cutting edge products and long-term profitability, like Heska Corp. (HSKA) and Angiotech Pharma (ANPI). HSKA...
12Mar2010 | vitalstocks | 0 comments | Continued(MRK) Merck Earnings Estimates Revised Downward
Earnings estimates for Merck & Co. (MRK) are on the lower side following the release of fourth quarter and full-year 2009 results. The company’s earnings per share (EPS) came in at 79 cents (excluding non-recurring items), marginally beating the Zacks Consensus Estimate...
12Mar2010 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Acquires Germany’s BHF Asset Servicing GmbH
As part of its initiative to expand its global market share, Bank of New York Mellon Corp. (BK) is acquiring Germany’s BHF Asset Servicing GmbH for $343 million. The deal, which is expected to close in the third quarter of 2010, will make BNY Mellon the second largest organization...
12Mar2010 | vitalstocks | 0 comments | Continued(DXCM) DexCom Reports Smaller Loss on Increased Revenues
DexCom, Inc. (DXCM) reported a net loss of 25 cents per share in the fourth quarter of 2009, a couple cents narrower than the Zacks Consensus Estimate for a net loss of 27 cents and significantly narrower than the year-ago net loss of 49 cents. The significant improvement in...
12Mar2010 | vitalstocks | 0 comments | Continued(WFC) Wells Fargo Stock Analyst Raises Price Target
On Tuesday, we raised the target price of Wells Fargo & Company (WFC) to $30.00 from $29.00 after the company posted strong fourth-quarter results, paving the way for an optimistic 2010 ahead. The company’s fourth-quarter earnings came in significantly ahead of the...
12Mar2010 | vitalstocks | 0 comments | Continued(WFSL) U.S. Treasury Sells Washington Federal Warrants
The Treasury announced Wednesday that it has received net proceeds of $15.4 million from the sale of warrants it obtained as part of its investment in Washington Federal Inc. (WFSL) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis. In...
12Mar2010 | vitalstocks | 0 comments | Continued(UTX) United Technologies Authorizes Share Buyback
The Board of Directors for United Technologies Corp. (UTX) authorized a share buy-back program for up to 60 million shares of the company, worth approximately $4.3 billion at current prices. The new authorization supersedes a previous program, approved in Jun 2008, which is...
12Mar2010 | vitalstocks | 0 comments | Continued(CNMD) CONMED Analysts Maintain Neutral Rating
We recently maintained our Neutral rating on CONMED Corporation (CNMD) with a target price of $24 based on a P/E of roughly 19.4x our fiscal 2010 EPS estimate of $1.24. CONMED Corporation reported fourth quarter fiscal 2009 earnings per share of 37 cents, surpassing the Zacks...
12Mar2010 | vitalstocks | 0 comments | Continued(SNY) Sanofi-Aventis Expands US Footprint With Aquisition
Sanofi-Aventis (SNY) recently announced that it has completed the acquisition of Chattem Inc. This acquisition will help strengthen Sanofi’s presence in the US consumer health care market, which represents 25% of the current worldwide market. Chattem is an established player...
12Mar2010 | vitalstocks | 0 comments | Continued(NDAQ) Nasdaq OMX Group Adds Newedge Clearing
As reported by the Reuters on Wednesday, Nasdaq OMX Group Inc.’s (NDAQ) majority-owned International Derivatives Clearing Group (IDCG) has added Newedge USA, LLC, the world’s largest multi-asset brokerage and clearing firm, for offering a central counterparty clearing of...
12Mar2010 | vitalstocks | 0 comments | Continued(LULU) Lululemon Athletica Incorporated – Margins Are Expanding
Lululemon Athletica, Inc. (LULU) recently hit a new 52-week high as investors look for the company to build on its recent string of earnings surprises with its March 25, Q4 results. Company Description Lululemon Athletica, Inc. designs, manufactures and sells athletic apparel...
12Mar2010 | vitalstocks | 0 comments | Continued(DVN) Devon Sells $1.7Billion in Assets Prior to BP Joint Venture
Devon Energy Corporation (DVN) has agreed to sell its assets in the deepwater Gulf of Mexico, Brazil and Azerbaijan to BP PLC (BP) for $7.0 billion. BP will also assume Devon’s leases of the Seadrill West Sirius and Transocean Deepwater Discovery drilling rigs for the duration...
12Mar2010 | vitalstocks | 0 comments | Continued(C) Obama to Nominate Yellen to Be Federal Reserve Vice Chairman
Bloomberg is reporting today that Janet Yellen is President Obama’s pick to succeed Donald Kohn as vice chairman of the Federal Reserve. Yellen is currently the President of the San Francisco Fed, the largest of the 12 Federal Reserve Districts, both geographically and economically. Yellen...
12Mar2010 | vitalstocks | 0 comments | Continued(EQIX) Equinix Incorporated Focuses on Data Center Growth
As a leading provider of co-location services, Equinix Inc. (EQIX) is well positioned in the market. The company is moving on with its leadership position in the energy efficient data center management segment. The company recently announced that its SV2 International Business...
12Mar2010 | vitalstocks | 0 comments | Continued(RNR) RenaissanceRe Holdings Debt Ratings Affirmed by A.M. Best
On Thursday, rating agency A.M. Best Co. affirmed the issuer credit rating (ICR) of “a-” and all debt ratings of RenaissanceRe Holdings Ltd. (RNR), reflecting the company’s superior risk-based capitalization level and historically excellent underwriting track record. The...
12Mar2010 | vitalstocks | 0 comments | Continued(MDT) Medtronic To Sell Several Senior Notes Issues
Medtronic, Inc. (MDT) recently decided to offer its senior notes to the public. The offering includes $1.25 billion of 3.0% Senior Notes due 2015, $1.25 billion of 4.45% Senior Notes due 2020 and $500 million of 5.55% Senior Notes due 2040. Medtronic will use the proceeds from...
12Mar2010 | vitalstocks | 0 comments | Continued(HGSI) Human Genome Sciences Joins Forces With Swedish To Commercialize New Drugs
Human Genome Sciences, Inc. (HGSI) and BioInvent International AB, a Swedish pharmaceutical research company, have joined forces to discover, develop and commercialize therapeutic monoclonal antibodies that specifically target antigens discovered by Human Genome. However, the...
12Mar2010 | vitalstocks | 0 comments | Continued(CTSH) Cognizant Technology Solutions Earnings Estimates On The Rise
Following the release of strong results in the fourth quarter 2009, estimates for Cognizant Technology Solutions Corporation (CTSH) have been on the rise. Headquartered in Teaneck, New Jersey, Cognizant is a leading provider of custom information technology to Fortune 1000 customers. Cognizant...
12Mar2010 | vitalstocks | 0 comments | Continued(CHT) Chunghwa Telecom Raises Capital Expenditure Budget
Chunghwa Telecom Co. Ltd. (CHT), the largest integrated telecom services provider in Taiwan , raised its capital expenditure budget for 2010. The company pegged its full-year 2010 cap ex at $937 million compared to $875 million in 2009. The primary reason for the increase is...
12Mar2010 | vitalstocks | 0 comments | Continued(TWC) Time Warner Cable to Independently Offer VoIP
Time Warner Cable Inc. (TWC) decided to offer VoIP services independently as a part of its project called “Go It Alone”. The company announced that it will phase out the existing VoIP agreement with Sprint Nextel Corp. (S) over the course of next four years. Time Warner...
12Mar2010 | vitalstocks | 0 comments | Continued(ACI) Arch Coal Buys Stake in Texas Power Plant
Arch Coal Inc. (ACI) that it purchased 35% equity interest in a Texas power plant as part of its ongoing pursuit of technology meant to reduce damaging greenhouse gas emissions. The Trailblazer Energy Center near Sweetwater, Texas is being developed by Tenaska Inc. Arch’s...
12Mar2010 | vitalstocks | 0 comments | Continued($AIG) American International Group Unit’s Sale Awaits Taiwanese Government Report
Taiwan’s financial regulator has set five conditions for the American International Group Inc.‘s (AIG) Nan Shan deal, according to Reuters. The Financial Supervisory Commission (FSC) is expected to give a report to Taiwan’s parliament this Thursday. Last October,...
12Mar2010 | vitalstocks | 0 comments | Continued(SBNY) U.S. Treasury Sells Warrants of Signature Bank
The Treasury announced Thursday that it has received net proceeds of $11.2 million from the sale of warrants it obtained as part of its investment in New York-based Signature Bank (SBNY) through the Troubled Asset Relief Program (TARP) during the height of the financial crisis....
12Mar2010 | vitalstocks | 0 comments | Continued(NYX) NYSE Euronext Sells Small Stake in NYSE Liffe U.S.
On Mar 10, NYSE Euronext Inc. (NYX) announced that it has sold its prime minority stake in NYSE Liffe U.S. to DRW Ventures LLC, a unit of DRW Trading Group (DRW). This brings the total number of outside owners in NYSE Liffe to six. The other five owners are Citadel Securities,...
12Mar2010 | vitalstocks | 0 comments | Continued($GS) Chicago Board Options Exchange Files for IPO
On Thursday, the final major private options exchange left in the U.S., the Chicago Board Options Exchange (CBOE), unveiled its decision of demutualization and going public by filing the initial S-1 form to the Securities and Exchange Commission (SEC) for an initial public offering...
12Mar2010 | vitalstocks | 0 comments | Continued(CSC) CSC Incorporated Named to “World’s Most Admired Companies” List
Leading Information technology solutions company CSC Inc. (CSC) is in the headlines again with positive newsflow. The company has recently secured a place in the “Fortune’s” list of the “World’s Most Admired Companies” for 2010. CSC earned this coveted...
12Mar2010 | vitalstocks | 0 comments | Continued(XOMA) XOMA Earnings Report Tops Consensus Estimates
XOMA Ltd. (XOMA) reported fourth-quarter fiscal 2009 earnings of one cent per share, well above the Zacks Consensus Estimate for a loss of 3 cents but below the year-ago earnings of 7 cents. The lower earnings were primarily attributable to the dip in revenues in the fourth quarter...
12Mar2010 | vitalstocks | 0 comments | Continued