Barron's Research Reports 3-07-2009
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Date updated:03-07-2009

The following is a list of companies from a collection of various research reports.

symbol name last price % change open
  • +
  • AMD
    Adv Micro Devices
  • $5.32
  • +3.50%
  • $5.23

Market Underperform - Price 2.10 on March 3 by JMP Securities [We are] still cautious on AMD as it closes its foundry spin-out with Advanced Technology Investment and Mubadala Development, to create a U.S.-headquartered semiconductor-foundry company... .We expect Intel to bring a lawsuit over cross-licensing violations. The GAAP EPS [generally accepted accounting principles earnings-per-share] loss we are forecasting for calendar 2010 increases, from minus 97 cents to minus $1.10 on higher [operating expense] and lower [application service-provider] assumptions, and drives our target from $1.85 to $1.75 based on [discounted cash- flow] calculations. Market cap: $1.3 billion.

People owning AMD also tend to own: AAPLCSCODELLGOOGIBMINTCMSFT

TheStreet.com Rating: D- What is this?

  • +
  • CME
    Cme Group Inc.
  • $313.27
  • +1.78%
  • $310.51

Buy - Price 173.29 on March 3 by Sandler O'Neill Although [this futures and options exchange's] February volume trends contribute[d] to five-cents-higher EPS for first-quarter '09, we are taking five cents out of our estimate for the remainder of the year. Thus, we aren't changing our year '09 and '10 estimates of $13.90 and $15.04. Our 220 target is based on 16 times our 2009 estimate. Market cap: $11.6 billion.

People owning CME also tend to own: ALLBBOFLCZFCFKFSGFSIITGNDAQ

TheStreet.com Rating: C+ What is this?

  • +
  • FSLR
    First Solar
  • $119.85
  • 0.00%
  • $N/A

Market Perform - Price 103.97 on March 2 by FBR Capital Markets We see FSLR's acquisition of OptiSolar as incrementally positive for the long term. ...We think of this as a marriage of convenience between a highflying solar company gone dry on financing and a cost leader hungry for utility contracts.... FSLR will get OptiSolar's 550-megawatt power-purchase agreement contract -- the cheapest photovoltaic contract that [Pacific Gas and Electric Co. has] approved so far. Our 110 target is based on six times price/book value and 7.1 times [enterprise] value/sales. Market cap: $8.5 billion.

People owning FSLR also tend to own: CNXTEWZIFNIFUE.OBMMCAMXCHL

TheStreet.com Rating: C What is this?

  • +
  • NYB
    New York Cmmty Bn
  • $11.42
  • +2.51%
  • $11.23

Outperform - Price 9.85 on March 3 by Fox-Pitt Kelton Cochran Caronia Waller NYB remains comfortable with its position...[despite] potential for losses in the multifamily portfolio. NYB is more focused on acquired loans, [commercial and industrial loans] and construction portfolios. There were questions on the [Federal Home Loan Bank] system, as member banks have reported losses and suspended dividends. NYB remains confident that the system would be supported by the federal government if capital became an issue....We expect losses to be manageable; improved earnings should...[partly offset rising] credit costs. We are lowering our target to 14 (12.8 times 2009E) from 16, as sentiment around credit is likely to continue to pressure the valuation. Market cap: $3.4 billion.

People owning NYB also tend to own: CARCOFCOPDOWFRNGISHD

TheStreet.com Rating: C+ What is this?

  • +
  • NE
    Noble Corp (new)
  • $43.74
  • +1.91%
  • $43.29

Buy - Price 22.21 on March 3 by Jesup & Lamont Noble [has reported] rig-delivery delays, increased down days, and three jackups stacked in Western Africa... .We are lowering our '09 earnings estimate to $6 from $6.50 a share...[and] 2010E to $5.60 from $6.40 a share... .Noble is a leading provider of domestic and international offshore-drilling services....[The] earnings multiple is eight times '10E-earnings, yielding a new target of 44.80 (down from 51.20). As NE was trading [near 22], or 3.7 times current '09 earnings estimates, the upside potential justifies our Buy rating. Noble has a [reasonable] debt-to-equity ratio of 0.149... .Its 16-cents-a-share annual [dividend] yields 0.8%....We would highly recommend NE for growth over the next few years. Market cap: $6 billion.

People owning NE also tend to own: AETAIGBRK-BCAGCATCBICHL

TheStreet.com Rating: B What is this?

  • +
  • TIVO
    Tivo Inc.
  • $10.94
  • -0.18%
  • $11.07

Hold - Price 7.10 on March 3 by Standard & Poor's Equity Research [Raised from Sell.] January-Q net loss per share was four cents, versus previous Q's six cents. Q4 metrics [look] mixed, with in-line net customer losses of 125,000 and lower average revenue per user, versus lower subscriber-acquisition costs, and churn [or attrition]. Adjusted earnings [before interest, taxes, depreciation and amortization] of $2.5 million compares to guidance for net loss... .We see encouraging updates on the Comcast rollout [such as a digital-video recorder with free TiVo service in some high-def TV packages]. We up our target price [by] $2, to 8. Market cap: $750 million.

People owning TIVO also tend to own: ALNYAVNXGOOGTOCMSOPGRAMD

TheStreet.com Rating: C What is this?

  • +
  • WWE
    World Wrestling E
  • $15.68
  • +2.48%
  • $15.39

Long-Term Buy - Price 9.20 on March 4 by Hilliard Lyons WWE businesses have historically shown some recession-resistant qualities, yet...total revenue declined 5.5% to $125.3 million, and diluted EPS was 18 cents, versus 30 cents a year ago. ... Management expects to reduce operating costs by at least $20 million in '09, allowing for improved operating margins versus '08. Estimated three-year EPS growth rate: 8% to 9%. Two-year target: 15. Market cap: $679 million.

People owning WWE also tend to own: DDDHRESLNLYPOTVAAPL

TheStreet.com Rating: B What is this?

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Q. can anyone explain the BGF seper...
11.12.09 | 20:03 PM Asked by BS7518

A. BGF was an enhanced income security,
which represented one share of common
stock (BGS) plus $7.15 principal amount
of senior subordinated debt. They first
separated the note from the stock, then
did a partial redemption of the bond.
You should have received the following
for each share of BGF
1 share common (BGS)
$4.28 cash per share for the partial
redemption (this includes dividend)
1 note with face value of $3.11

There really is no market for the bond
portion. You will probably end up
holding it until redemption.

Hope that helps.

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