Comments for CBG - Stockpickr! Your Source for Stock Ideas

Comments for CBG

Added By	Comments	Type	Date Added
sarah z	The worlds largest commercial real estate services firm (by 2006 revenue), said the Company's board authorized a buyback plan worth up too $635 million. This plan includes the $500 million authorized earlier in the month. The company, headquartered in Los Angeles-CA, did not provide any timeframe regarding when the repurchases will occur. In the third quarter ended September 30th CB Richard Ellis experienced substantial growth, fueled by global expansion. The company reported revenue of $1.5 billion, an increase of 54.2% from $967.9 million posted in the third quarter of 2006. Net income jumped 23.1% to $114.9 million or 48 cents a share, from $92.3 million, or 39 cents a share in the same period last year. President and CEO Brett White said, "Third quarter results clearly showed the economic and strategic benefits of our highly diversified business line and revenue base. During a period of extremes in the global credit markets as well as uneasiness about the U.S. economy generally, CBRE posted very impressive year over year gains in both revenue and profitability. These gains were ahead of our internal projections and support our view of achieving full year guidance." He continued, "Our professionals, supported by the industry's most extensive global platform and most admired brand, continue to fashion innovative solutions that enable us to expand our range of services for clients and build market share." An equity research report from Wachovia reveals that they find CBG attractive. With an outperform rating and $34 price target Wachovia said, "We believe CBG can post results better than the overall market, which they have demonstrated over the last couple of quarters."	Love	December 05, 2007
orangeassets	Solid market position, international expansion.	Love	November 17, 2007
gboyles	largest commercial real estate company	Love	September 20, 2007
jbrodystan5	Commercial Realestate Looks Good with low interest rates	Love	July 22, 2007
eghtball14	This company is due for a buyout. Huge earnings, decent cash, and huge growth!!! They worked for BX last year and I wouldn't be surprised if BX buys them out.	Love	July 19, 2007
Barrons	From Barron's 7-16-07: Strong Buy - Price 37.29 on July 11 by JMP Securities "We expect EPS to rise 45% during '07 to $2.15, due in part to accretive Trammell Crow purchase. For '08, we conservatively project 8% revenue growth, driving 19% EPS growth to $2.55...Longer-term, we expect mid-high-single-digit revenue growth will drive 15%-20% EPS growth. CB currently trades at '07 and '08 price/earnings multiples of 17.3 times and 14.6 times, versus Jones Lang LaSalle at 20.5 and 17.9 times. CB's 2007 and 2008 [enterprise value/earnings before interest, taxes, depreciation and amortization] multiples are 10.6 times and 9.3 times, compared to JLL at 12.5 times and 11.1 times. At our 48 price target, CB's 2008 P/E and EV/Ebitda multiples would be 18.8 times and 11.6 times."	Love	July 14, 2007
John Trevor	Follow the Fed is a strategy that Douglas Roberts uses in picking stocks at Channel Capital Research Institute, where he is managing principal. Simply put, you should buy mid-to-large-cap stocks when the Federal Reserve Board is in a tight-money mode, and go for small caps when it eases on interest rates. Roberts is opting for big-caps, as he doesn't see the Fed cutting rates soon. Among his top choices: global real estate services outfit CB Richard Ellis Group (CBG ). It helps with property leasing, sales, and valuation. CBRE benefits from the expanding global real estate business—on the rise or not—since its services are needed in any deal, says Roberts. Up from 20 in August to 32.21 on Mar. 14, CBRE is cheap based on consensus estimated profits of $1.98 for 2007 and $2.37 for 2008, he says. Brandon Dobell of Credit Suisse rates CBRE "outperform," with a 12-month target of 44.	Love	April 15, 2007
kll	caught my eye	Love	April 12, 2007
Kaycee	Recommended to me and it's local - another good buy	Love	March 21, 2007
yvonneande	UPGRADE & BOUGHT	Love	March 16, 2007
Tom Yetter	industry leader; trammel crow acquisition; growth	Love	February 02, 2007
Kris Edgar Wilson	Commercial real estate up	Love	January 10, 2007