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Tuesday August 26, 2008 — Stock Market Beat
This article is a reprint of my 14 August 2008 RealMoney column
I know, I know … the construction industry should not be touched with a 10-foot pole right now. But the depth of conviction investors have in that belief sends my contrarian side looking for names that might buck conventional wi...
Tuesday August 26, 2008 — SchaeffersResearch
Friday's session ended with a discussion of how the Dow Jones Industrial Average (DJIA) had rallied back to challenge resistance. Today we see a 240-point drop in the DJIA, as the broad market indices all lost around 2%.
Earlier we saw widespread selling and that held into the close. The iS...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
CryoLife, Inc. (CRY) reported Q2 EPS that beat our estimate by $0.05 on revenue that also exceeded our forecast. We again increased our FY08 revenue and EPS estimates. We also increased our FY09 revenue and EPS estimates. The management revised its FY08 guidance.
CRY's operations contin...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
Hibbett Sports' (HIBB) second quarter results came in ahead of expectations, due in large part to the government's stimulus checks. The management also increased its full-year EPS guidance from $0.88-$1.00 to $0.93-$1.03, which implies second half EPS of $0.44-$0.54 versus the consensus o...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
On August 22, Alpharma, Inc. (ALO) disclosed that it had received a buyout offer from King Pharmaceuticals, Inc. (KG), which was rejected by Alpharma's Board of Directors. King had made an all-cash offer of $33 per share to Alpharma, which represents a 37% premium over the closing price o...
Tuesday August 26, 2008 — SchaeffersResearch
It seems that the Apple
(AAPL:
sentiment,
chart,
options)
iPhone 3G saga just got a bit more complicated. While recent reports blamed the phone's 3G connectivity problems on a faulty Infineon chipset, a new study by Swedish testing company Bluetest appears to place the blame els...
Tuesday August 26, 2008 — SchaeffersResearch
Shares of Lehman Brothers Holdings
(LEH:
sentiment,
chart,
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have plunged nearly 6% so far today, more than erasing Friday's gains on buyout speculation. Unfortunately for LEH, a top South Korean regulator threw a wet towel on Korea Development Bank's (KDB) buyout hopes t...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
We are reiterating our Hold recommendation, price objective and earnings estimates on Ferrellgas Partners L.P. (FGP) units. Sales volumes and earnings remain under pressure as the rising cost of propane squeezes gross margins and causes customer conservation. We are decreasing our 2008/20...
Tuesday August 26, 2008 — SchaeffersResearch
While Amazon.com
(AMZN:
sentiment,
chart,
options)
remains tight-lipped on official sales figures for its Kindle e-book reader, that hasn't stopped analysts at Citigroup and Stifel, Nicolaus & Co. from offering up their own expectations for Kindle sales. However, AMZN is appare...
Tuesday August 26, 2008 — SchaeffersResearch
Despite a wealth of positive news hitting Wall Street today on the solar sector, the Claymore/MAC Global Solar Energy Index
(TAN:
sentiment,
chart,
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exchange-traded fund (ETF) is off about 1.5% heading into the final hour of trading. In case you missed it, LDK Solar (L...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
We are maintaining a Hold recommendation on Smith Nephew, PLC (SNN) after the company's second quarter results.
The company follows an effective strategy of investing a significant amount in research and development (RD) activities, to bring new products to market. This strategy has yi...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
Cost Plus, Inc. (CPWM) reported poor results for the second quarter. While sales were up 5.6% year-over-year, the company lost $25.2 million or $1.14 per share. Sales were in line with the consensus, but EPS missed by $0.17.
Cost Plus is in a tough spot and its business continues to det...
Tuesday August 26, 2008 — Todd Sullivan's - ValuePlays
The really good news here is the reduction of debt by almost 40% YOY.From the release: Borders Group, Inc. (BGP) today reported results for the second quarter, ended Aug. 2, 2008. The company generated a second quarter loss from continuing operations of $11.3 million or $0.19 per share, which repr...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
Pervasive Software, Inc. (PVSW) reported revenues of $11.2 million in Q4:08, up 8.7% year-over-year [y/y] and up 3.7% quarter-over-quarter [q/q]. GAAP EPS came in at $0.04. Non-GAAP EPS came in at $0.07, in line with our estimate.
International operations accounted for 42% of total reve...
Tuesday August 26, 2008 — SchaeffersResearch
Shares of Lululemon Athletica inc. (LULU) are under pressure today as they drop 7% and hit a new annual low. This is significant as the stock is flirting with breaking below the July 2007 IPO levels. In other words, nearly all holders who bought after the IPO are now sitting on a loss.
I la...
Tuesday August 26, 2008 — Todd Sullivan's - ValuePlays
The best news here is the new head of the "Big three" brands at Sears Holdings (SHLD) The former head of Motorola's (MOT) mobile devices business, Stu Reed, will become senior vice president of Sears's home services unit. His predecessor was Mark Good. Former Procter & Gamble (PG) senior executive...
Tuesday August 26, 2008 — Todd Sullivan's - ValuePlays
this is the lowest bid toi cover ration yet...good news. On August 25, 2008, the Federal Reserve conducted an auction of $75 billion in 28-day credit through its Term Auction Facility. Following are the results of the auction:Stop-out rate: 2.380 percent Total propositions submitted: $84.16...
Tuesday August 26, 2008 — Todd Sullivan's - ValuePlays
Here are some of the key sections. Growth:In their discussion of the economic situation and outlook, many FOMC participants noted that recent developments suggested that economic activity was likely to remain damped for several quarters. Although economic growth in the second quarter had apparentl...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
CarMax, Inc. (KMX) continues to face a difficult used-vehicle environment, largely due to aggressive incentives being offered by new vehicle manufacturers. However, CarMax is aggressively cutting prices on trucks and SUVs to reduce inventory and shifting its focus to passenger cars. The c...
Tuesday August 26, 2008 — SchaeffersResearch
We head deeper into the second half of the session with the Dow Jones Industrial Average (DJIA) showing a 200-point loss. However, it is the Russell 2000 (RUT) that is showing the larger percent loss as it drops more than 2%.
A look to the sector action shows that the selling pressure is fai...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
Entercom Communications Corp. (ETM) is in the midst of both a cyclical slowdown, pressured by a weak economy, and a secular downturn, which has slowed industry growth to just 2 percent annually on an average over the last five years.
The industry has seen an uninterrupted decline for se...
Tuesday August 26, 2008 — Todd Sullivan's - ValuePlays
This is beautiful stuff. David Einhorn's Greenlight Capital has files a 13D/A in MI Development (MIM) in regards to its investment in Magna Entertainment Corp. (MECA). The letter is classic Einhorn. First he reviews his prior concerns, then lists managements dubious actions, then questions them re...
Tuesday August 26, 2008 — Todd Sullivan's - ValuePlays
Patriotism, Foreclosures, Biden, Sequoia - If you need to tell folks......you have a major problem.- Cheap stuff from the bank- So, this is the guy? Really? Is Obama bent on losing? - This bears looking into Grab this Headline AnimatorVisit the ValuePlays Bookstore for Great Investing Books
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Tuesday August 26, 2008 — Zacks.com: Analyst Blog
Harmony Gold Mining Co. Ltd. (HMY) is benefiting from higher gold prices. Going forward, Harmony is focused on reducing its overall operating costs through its continuous operations agreement or CONOPS and the shutdown of loss-making shafts. The company is also reducing its headcount to c...
Tuesday August 26, 2008 — Zacks.com: Analyst Blog
Bayer AG (BAYRY) has been shifting its focus on the healthcare segment in the past few years in order to maintain solid growth in the long run. The acquisition of Schering AG should improve its product portfolio, and we expect higher-cost synergies from the acquisition. The company report...