Archive for March, 2010
(STJ) St. Jude Medical Receives Trifecta Valve Approval
St. Jude Medical Inc. (STJ) recently received the CE Mark approval to market its Trifecta valve in Europe. The Trifecta valve is a pericardial aortic stented tissue valve used to repair a patient’s diseased, damaged or malfunctioned aortic heart valve. The valve has several...
4Mar2010 | vitalstocks | 0 comments | Continued(MRK) Merck Presents Positive Phase III Data
Recently, Merck (MRK) presented positive data from two phase III trials of a combination of mometasone furoate and formoterol fumarate at the American Academy of Allergy, Asthma & Immunology (AAAAI) annual meeting. A New Drug Application (NDA) for the combination is currently...
4Mar2010 | vitalstocks | 0 comments | Continued(NOVL) Enterprise Software Novell Receives Buyout Offer (revised)
Enterprise software marker and leading technology company Novell, Inc. (NOVL) announced that it has received a buyout offer from Elliott Associates, L.P., the largest institutional stockholder of Novell, which holds approximately 8.5% of NOVL common stock. Elliott is an investment...
4Mar2010 | vitalstocks | 0 comments | Continued(MCO) Moody’s Analyst Raising Price Target
Moody’s Corp (MCO) is an industry leader in credit ratings. We maintain our Neutral rating on Moody’s but raise our price target to $29.00 from our previous target of $25.00 on better-than-expected results. Results for 2009, although below year-ago levels, were better than...
4Mar2010 | vitalstocks | 0 comments | Continued(GD) General Dynamics Raises Quarterly Dividend
General Dynamics (GD) raised its quarterly dividend to 42 cents per share on the company’s common stock, payable May 7, 2010, to shareholders of record as on April 9. The dividend represents a 10.5% increase on the previous quarterly dividend of 38 cents. General Dynamics...
4Mar2010 | vitalstocks | 0 comments | Continued(HBI) Hanesbrands’ Analyst Downgrades to Neutral
We recently downgraded the shares of Hanesbrands Inc. (HBI) from Outperform to Neutral. This is because intense competition from established players, a debt-heavy balance sheet and exposure to adverse foreign currency translations limit the above-market performance of the company. Hanesbrands...
4Mar2010 | vitalstocks | 0 comments | Continued(PNC) PNC Financial Services Group Resumes Old Pay Policy
PNC Financial Services Group (PNC) announced yesterday that it is coming back to its prior compensation policies meant for its executives. This announcement comes after the company last month freed itself from the Troubled Asset Repurchase Program (TARP). In August of last year,...
4Mar2010 | vitalstocks | 0 comments | Continued(WL) Wilmington Trust Corporation Analysts Upgrade to Neutral
Given the current market recovery factor and valued growth indicators, we are upgrading our recommendation on the shares of Wilmington Trust Corporation (WL) to Neutral from Underperform. Although the current economic turmoil has weakened both the revenue growth and the operating...
4Mar2010 | vitalstocks | 0 comments | Continued(SMA) Symmetry Medical Reports Earnings in Line With Forecast
Symmetry Medical Inc. (SMA) recently reported fourth quarter and fiscal 2009 results. For the quarter, earnings per share were 5 cents, in line with the Zacks Consensus Estimate but considerably lower than the year-ago earnings of 12 cents. For fiscal 2009, earnings per share...
4Mar2010 | vitalstocks | 0 comments | Continued(JAKK) JAKKS Pacific Earnings Down a Cent – Outlook Weak
JAKKS Pacific Inc. (JAKK) reported fourth quarter earnings of 22 cents per share, missing the Zacks Consensus Estimate by a penny. The company had earned 55 cents in the year-ago quarter. Results were mostly in line with our expectations. While the company experienced a decline...
4Mar2010 | vitalstocks | 0 comments | Continued(NNI) Nelnet’s Fourth Quarter Beats Consensus Estimates
Nelnet Inc.’s (NNI) fourth quarter earnings of $1.64 per share were well ahead of the Zacks Consensus Estimate of $1.21. The company had earned 32 cents per share in the year-ago quarter. Quarterly results reflect the benefits of diversification of revenue through fee-based...
4Mar2010 | vitalstocks | 0 comments | Continued(TAO) Jim Chanos Is Wrong About Investing in China
Tony Daltorio, Investment U Research Wednesday, March 3, 2010 The China bulls and bears have been going at it lately. The bears argue that the country is creating a nasty bubble, especially in its infrastructure and real estate markets. Famous short seller Jim Chanos has even...
4Mar2010 | InvestmentU | 0 comments | Continued(MDR) McDermott International Beats Expectations – Profit Soars
Energy-focused engineering and construction company McDermott International (MDR) reported better-than-expected fourth-quarter earnings, driven by robust performance from the Offshore Oil and Gas Construction segment. Earnings per share came in at 42 cents, 2 cents above the...
4Mar2010 | vitalstocks | 0 comments | Continued(LII) Lennox International – Fundamentals Are Improving
Lennox International (LII) delivered better-than-expected results for the fourth quarter, and analysts have been raising their estimates for 2010 and 2011. Company Description Lennox is a leading global provider of climate control solutions. The company designs, manufactures...
4Mar2010 | vitalstocks | 0 comments | Continued(EQIX) Equinix Announces Note Sale to Raise $750 Million
Global data center service provider Equinix Inc. (EQIX) recently announced an underwriting agreement to sell $750.0 million aggregate principal amount of 8.125% senior unsecured notes due in 2018. The company is expected to derive net proceeds of approximately $736,275,000, excluding...
4Mar2010 | vitalstocks | 0 comments | Continued(WDC) Western Digital Corporation – Earnings Beat Big for the 4th Quarter in a Row
Western Digital Corporation (WDC) is ridiculously cheap with a forward P/E of just 6.6. Not only that but the company continues to beat expectations, surprising on the Zacks Consensus Estimate an impressive 9 consecutive quarters. Western Digital Beat Big for the 4th Quarter...
4Mar2010 | vitalstocks | 0 comments | Continued(INSU) Insituform Technologies – Earnings Estimates Pop
Insituform Technologies, Inc. (INSU) just topped forecasts which sent share price soaring. Analysts continue to revise estimates, giving the company excellent growth projections. Company Description Insituform provides infrastructure services for the water, wastewater, and energy...
4Mar2010 | vitalstocks | 0 comments | Continued(CSIQ) Canadian Solar’s Fourth Quarter Misses Estimates
Canadian Solar Inc’s (CSIQ) adjusted EPS of 35 cents in the fourth quarter of fiscal 2009 fell short of the Zacks Consensus EPS estimate of 51 cents. Fiscal 2009 EPS of $1.41 was also short of the Zacks Consensus EPS estimate of $1.54. Operational performance Canadian Solar...
4Mar2010 | vitalstocks | 0 comments | Continued(CRA) Celera Corporation’s Revenues Dip
Celera Corporation (CRA) reported fourth-quarter fiscal 2009 (ended Dec 26, 2009) earnings of 2 cents per share (excluding special items) compared to the Zacks Consensus Estimate of a net loss of 4 cents. The company earned 3 cents (excluding special items) in the year-ago quarter. Net...
4Mar2010 | vitalstocks | 0 comments | Continued(STT) State Street Corporation Pays Departing CEO $5.4 Million
State Street Corp. (STT) said on Wednesday that it has paid $5.4 million cash to the departing Chief Executive Ronald Logue as part of his incentive compensation for last year. State Street also paid Logue 35,786 units of restricted stock. Half the cash will be in deferred payments...
4Mar2010 | vitalstocks | 0 comments | Continued(LAMR) Lamar Advertising Company Reports Net Loss
Recently, Lamar Advertising Company (LAMR), a leading owner and operator of outdoor advertising and logo sign displays, reported results for the fourth quarter and full year 2009. During the quarter, net revenues were $262.3 million versus $279.3 million in the fourth quarter...
4Mar2010 | vitalstocks | 0 comments | Continued(EK) Eastman Kodak Company Prices $500 Million in Notes
Recently, Eastman Kodak Company (EK) announced the pricing of its private placement of $500 million, the total principal amount of 9.75% senior secured notes due 2018. Kodak intends to use the net proceeds from the offering to repurchase the entire $300 million, the total principal...
4Mar2010 | vitalstocks | 0 comments | Continued(NHP) Nationwide Health Properties Gets Medical Office Buildings
Nationwide Health Properties Inc. (NHP), a real estate investment trust (REIT) that invests in health care facilities, recently acquired five medical office buildings (MOBs) in California from Pacific Medical Buildings LLC. Pacific Medical specializes exclusively in the development...
4Mar2010 | vitalstocks | 0 comments | Continued(EVVV) ev3 Analyst Downgrades to Neutral
We have recently downgraded ev3 Inc. (EVVV) to Neutral with a target price of $16 based on a P/E of roughly 35.6x our fiscal 2010 EPS estimate of 45 cents. We downgraded the stock based on a downtrend in earnings estimates in the past 30 days. During the 30-day period, six out...
4Mar2010 | vitalstocks | 0 comments | Continued(NEWS) Five stocks for Wednesday: March 3, 2010
On my blog Financial Tides I like to start out the day by screening on Barchart for some stocks I might consider buying that day. I look for stocks that have been having recent price appreciation, are projected to have increases in sales and earnings and have some positive investor...
4Mar2010 | Shawn | 0 comments | Continued(WLP) Health Care Outlook & Stock Review – Industry Outlook
OVERVIEW The healthcare sector comprises different industries, ranging from managed care organizations, healthcare facilities providers and medical devices manufacturers to biotech and pharmaceutical companies. Consequently, we believe that investors in this sector should be...
4Mar2010 | vitalstocks | 0 comments | Continued(PLD) ProLogis Announces New Solar Project
ProLogis (PLD), a leading global provider of distribution facilities, recently announced a new rooftop solar project in Portland. On completion, the project spanning 90,000 square feet of roof space and generating about 2.4 megawatts (MW) of energy would be the largest rooftop...
4Mar2010 | vitalstocks | 0 comments | Continued(PUK) Fitch Ratings Cautious on Prudential Plc
Following the announcement by Prudential Plc (PUK) to purchase Asian life-insurance unit American International Assurance (AIA) from American International Group Inc. (AIG), Fitch Ratings has become cautious with regard to execution risks that the deal may bring along. The value...
4Mar2010 | vitalstocks | 0 comments | Continued(TM) Toyota Motors’ Prius Still on Top in Japan
Toyota Motor’s (TM) Prius hybrid has retained its position as the top-selling car in Japan despite the automaker’s global recall woes that included braking problems with the popular hybrid. According to the Japan Automobile Dealers Association, more than 27,000 units...
4Mar2010 | vitalstocks | 0 comments | Continued(WU) Western Union Company – Bear of the Day
The Western Union Company’s (WU) fourth quarter earnings narrowed compared to the prior-year quarter as a result of lower transaction volumes due to ongoing market challenges and the dilutive effects of recent acquisitions. However, we believe that the company’s strong...
4Mar2010 | vitalstocks | 0 comments | Continued