Comments for ICE - Stockpickr! Your Source for Stock Ideas

Comments for ICE

Added By	Comments	Type	Date Added
barrons3	Eagle mid capt steers clear of traditional banks and finance companies, which McCallister says carry too much credit risk. Yet 16% of his portfolio is in nontraditional financials such as insurance companies and exchanges. Among his favorites: CME Group (CME) and IntercontinentalExchange (ICE), which both operate global electronic-derivatives exchanges. "When something goes wrong in the world, volumes in stocks go down, and volumes on derivative exchanges go up. These companies are at 18 times earnings...But the returns on capital are sky-high."	Love	October 17, 2009
barrons3	Buy - Price 95.94 on Aug. 24 by Sandler O'Neill [Credit-default-swap] volume again topped $100 billion, as European volume exceeded U.S. levels. Total cleared CDS volume was $141 billion for the week ending August 21, down 7.5% from $153 billion in the prior week. ICE Clear Europe cleared $83 billion in its fourth week...up from $72 billion the week before. ICE Trust U.S. cleared another $59 billion, down from $80 billion the prior week. This was the first week that European volume exceeded U.S. volume. We are not changing our 2009 and 2010 EPS estimates of $4.38 and $5.20. We're keeping our 130 price target, based on 25 times our 2010 estimate. There is no change to our Buy rating. Market cap: $7.1 billion.	Love	August 29, 2009
SoapWash	CDS play	Love	August 02, 2009
ROSARIO A. SCANDURA	WAS GOOD	Love	July 13, 2009
Stockpickr Staff	Gary Morrow: "IntercontinentalExchange (ICE) is one of the top performers on the NYSE today." <a href="http://www.thestreet.com/story/10496626/2/top-takes-from-realmoney.html" target="_blank">Read the full article here.</a>	Love	May 05, 2009
Dave Weed	Exchange transaction exposure. Think they will gain from CDS clearing transactions	Love	April 10, 2009
Dave Weed	Exchange transaction exposure. Think they will gain from CDS clearing transactions	Love	April 10, 2009
sarah z	From a recent Mad Money show:"ICE is interesting, but I've turned positive on NYSE Group (NYX) since they have the dividend to pay you to wait for a turnaround."	Love	March 18, 2009
ffq627	Down too far to recoup	Hate	January 20, 2009
barrons3	Neutral - Price 73 on Jan. 6 by Broadpoint.AmTech We expect ICE will remain rangebound, at least until visibility surrounding OTC [over-the-counter] energy increases- something we will be digging for over the next few weeks. We expect 2009 consensus to fall toward $4.50, from $5.33. Given the reduced reporting transparency combined with the uncertainty surrounding volumes, we believe a 17 times multiple is appropriate (previously, we had used a 20 times multiple), making ICE's share price fairly valued in the mid/high $70s. While we still expect the launch of CDS [credit-default-swap] clearing to act as a positive catalyst, we believe it is now offset by declining OTC energy activity. We are downgrading ICE to Neutral, from Buy. Market cap: $5.2 billion.	Love	January 10, 2009
barrons3	Jon Najarian recommends several of the big name exchanges including NYSE Euronext [NYX], Chicago Merc [CME], Nasdaq [NDX] and ICE [ICE]. "I'm long all of these, because I do believe deals are going to happen", said Najarian.	Love	December 10, 2008
eagles_carl	P/L: +$655 Cost: $415 Sold: $1070 Sold Date: 11-07-08 Quantity: 1 Price: $540 Sold Date: 11-06-08 Quantity: 1 Price: $530 Buy Date: 11-05-08 PUT NOV08@75 Price:200 Quantity: 2 Stop Loss: $90.50 Limit Sell: $75.50	Love	November 07, 2008
eagles_carl	Buy Date: PUT NOV08@75 Price:200 Quantity: 2 Stop Loss: $90.50 Limit Sell: $75.50	Love	November 05, 2008
joesmo	MY DCF MODEL YIELDED 165-180, INTRINSIC VALUE. GREAT GROWTH PROSPECTS AND AND EXPANDING POTFOLIO OF PRODUCTS. NOT TO MENTION A POSSIBLE CDS PLATFORM AND EUROPEAN CLEARING HOUSE = HIGHER MARGINS. CURRENT PRICE 64.60	Love	October 23, 2008
barrons3	Gartman says he's buying CME Group (CME) and the Intercontinental Exchange(ICE), but he's also hedging those buys by being short the stock market.	Love	October 15, 2008
sarah z	ICE Is a leading operator of global exchanges and over-the-counter (OTC) markets with headquarters in Atlanta, GA. On Monday, August 4th, the company said it will repurchase up to $500 million in common stock over the next year. The buybacks will be financed through a mix of cash on hand, future cash flows and their existing credit line. The company will begin repurchasing shares after it completes the acquisition of Creditex Group, a credit processor, in a deal worth $625 million. Scott Hill, ICE’s CFO said, “This program reflects our belief that the current share price does not appropriately reflect the strong underlying fundamentals of our global business.” ICE reported its second strongest quarter ever as oil prices surged to record highs. In the second quarter net income rose to $84.9 million, or $1.19 a share, a 58% jump from $53.7 million, or 75 cents a share, reported in the same period last year. The operator of Europe’s largest energy market said that revenue improved 44% to $197.2 million. ICE reported $58.1 million in contracts for its future exchanges, an increase of 18% from the year-ago period. Jeffrey C. Sprecher, ICE Chairman and CEO commented, “ICE's strong second quarter performance demonstrates our team's continued focus on growth and execution.” He continued, “We continue to invest in new avenues of growth and to evaluate M&A opportunities to expand our position as one of the most global, diversified derivatives markets in the world.” After shares sank 11% following the earnings report, Credit Suisse issued a note saying the selloff was unwarranted. Analyst Howard Chen said “We view 2Q results as healthy, believe growth outlook is intact and view yesterday’s 11%+ selloff in ICE shares as dramatically overdone. ICE is our top pick in the sector as we continue to see best-in-class organic growth in the franchise at valuations close to a S&P 500 market multiple (13x 2009 EPS).” They rate ICE outperform and have a $170 price target on the stock.	Love	August 27, 2008
barrons2	Still, has the pullback gone too far? At about 88, ICE shares fetch 13.5 times projected 2009 earnings. This, quite remarkably, is now on par with the valuation of Nasdaq OMX Group (NDAQ), a fine exchange that has made great strides with cost cuts and expansion but whose stocks can easily trade at rival markets -- unlike "non-fungible" derivatives that can only be bought and sold at the same futures market. The stock also trades at 17.6 times 2008 profits, compared with more than 20 times for specialized finance stocks. Sandler O'Neill analyst Richard Repetto argues that ICE faces comparable risks as other U.S. exchanges. Yet its stock has suffered bigger declines, even with better growth so far this year in transaction revenue, operating income and per-share earnings. To be sure, ICE may never see the staggering multiples it once commanded back when growth was unfettered and booming. But a pesky hurricane season could easily goose energy trading this fall and arrest the stock slide. So could mounting geopolitical tension surrounding Russia. Helping to put a floor under the stock is the company's recent plan to buy back $500 million worth of shares over the next 12 months, which Repetto estimates would cover more than 8% of diluted shares outstanding. His price target: $165.	Love	August 23, 2008
sarah z	ICE Is a leading operator of global exchanges and over-the-counter (OTC) markets with headquarters in Atlanta, GA. On Monday, August 4th, the company said it will repurchase up to $500 million in common stock over the next year. The buybacks will be financed through a mix of cash on hand, future cash flows and their existing credit line. The company will begin repurchasing shares after it completes the acquisition of Creditex Group, a credit processor, in a deal worth $625 million. Scott Hill, ICE’s CFO said, “This program reflects our belief that the current share price does not appropriately reflect the strong underlying fundamentals of our global business.” ICE reported its second strongest quarter ever as oil prices surged to record highs. In the second quarter net income rose to $84.9 million, or $1.19 a share, a 58% jump from $53.7 million, or 75 cents a share, reported in the same period last year. The operator of Europe’s largest energy market said that revenue improved 44% to $197.2 million. ICE reported $58.1 million in contracts for its future exchanges, an increase of 18% from the year-ago period. Jeffrey C. Sprecher, ICE Chairman and CEO commented, “ICE's strong second quarter performance demonstrates our team's continued focus on growth and execution.” He continued, “We continue to invest in new avenues of growth and to evaluate M&A opportunities to expand our position as one of the most global, diversified derivatives markets in the world.” After shares sank 11% following the earnings report, Credit Suisse issued a note saying the selloff was unwarranted. Analyst Howard Chen said “We view 2Q results as healthy, believe growth outlook is intact and view yesterday’s 11%+ selloff in ICE shares as dramatically overdone. ICE is our top pick in the sector as we continue to see best-in-class organic growth in the franchise at valuations close to a S&P 500 market multiple (13x 2009 EPS).” They rate ICE outperform and have a $170 price target on the stock.	Love	August 13, 2008
paul simenauer	Derivatives exchange.	Love	July 29, 2008
robert kneile	Earnings may be hurt by coming regulation and an extended economic slowdown.	Hate	July 04, 2008
shaoyin9	good managment, good fundamental, nice chart	Love	June 01, 2008
Brimstone	Oil futures. Exchanges make their money off of volume, either way whether the market goes up or down they make money.	Love	May 26, 2008
rjn31	value	Love	May 14, 2008
paul simenauer	TP $185.00	Love	May 12, 2008
Pav_Man	Growing Market- Standout Earnings	Love	February 21, 2008
Judy Smith	price	Love	February 09, 2008
ailona	energy	Love	January 20, 2008
kavithakadari	never loses any	Love	January 10, 2008
Madeleine	the stock exchange, not the bling. Nice ice.	Love	January 06, 2008
billwindle	NAVELLIER EG	Love	January 02, 2008