Barron's Research Reports 6-11-07
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Date updated:06-09-2007

From Barron's 6-11-07:

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

symbol name last price % change open
  • +
  • CWT
    California Water
  • $37.19
  • +1.70%
  • $36.53

From Barron's 6-11-07: Hold - Price 37.48 on June 6 by Brean Murray Carret & Co.: The company entered into an unsecured credit agreement for a revolving line of credit for up to $75 million. Bank of America is providing the entire line, with $55 million of credit extended to [the company] and its subsidiaries, with another $20 million provided by an unsecured loan agreement. The company stated the credit lines would be used for general corporate purposes, working capital, capital expenditures and potential acquisitions

People owning CWT also tend to own: ARTNAAWRBIWBMICTWSESEFSI

TheStreet.com Rating: B What is this?

  • +
  • FLEX
    Flextronics Inter
  • $7.51
  • +1.76%
  • $7.32

From Barron's 6-11-07: Outperform - Price 11.70 on June 5 by Bear Stearns: FLEX will acquire [Solectron] SLR for about $3.6 billion in cash and stock. The combined company will have annual revenue of about $30 billion-plus and 200,000 employees, including 4,000 design engineers. Sony Ericsson will be the only customer above 10% of sales. We view this transaction positively for FLEX and could see [roughly] $2-to-$3 of value creation if its accretion targets are met. Maintaining Outperform and 15 target.

People owning FLEX also tend to own: BRCDCEBAYEMCFCFSGEGME

TheStreet.com Rating: D What is this?

  • +
  • HRBN
    Harbin Electric
  • $22.00
  • 0.00%
  • $N/A

From Barron's 6-11-07: Speculative Buy - Price 13.64 on June 7 by Dutton Associates: Target 16.02. Harbin Electric [recently] announced that...it has commenced shipment of customized motors for use in interior electric-seating applications for autos. Harbin is the sole supplier for this program...The Harbin Electric-built motor is part of a system that offers one-touch powered operation, which completely folds a seat in less than 15 seconds. The [system] also includes an obstacle-detection system that will stop the seat from folding in the event a person or object is in the way.

People owning HRBN also tend to own: ATROAUYBTJMLABVSECCAASCSUN

TheStreet.com Rating: C+ What is this?

  • +
  • MDR
    Mcdermott Int Pan
  • $20.92
  • -0.57%
  • $20.99

From Barron's 6-11-07: Neutral - Price 80.87 on June 6 by W. Quillen Securities: We are downgrading McDermott [engineering and construction] to Neutral from Buy, as the stock at 80 nears our prior target of 83. Stock is now at 19 times our forward four-quarter estimates, and 12.1x on (forward) EV/Ebitda [enterprise value/earnings before interest, taxes, depreciation and amortization]...The best case yields a price/earnings ratio on 2008 of 16 times, and the worst case yields a PE on 2008 of 20 times. There are...global political risks that pushed us over the cliff in downgrading, especially with the Russian missile imbroglio.

People owning MDR also tend to own: GESITGSTHJF.PKBRCMFXIACHASTI

TheStreet.com Rating: C What is this?

  • +
  • MPR
    Met Pro Cp
  • $9.14
  • 0.00%
  • $N/A

From Barron's 6-11-07: Market Perform - Price 15.53 on June 7 Sturdivant & Co.: Met-Pro [a global product-recovery/pollution control/fluid-handling firm] is positioned for strong earnings...we believe it will earn 79 cents in FY08 and 85 cents in FY09...driven by solid top-line growth due to strong momentum in end-markets...Gross margin should improve due to an optimization of the supply chain. [And] we expect recent cost-cutting initiatives to improve operating expenses...At this time the attractiveness of owning Met-Pro shares is reduced by the stock's current valuation in relation to its peer group.

People owning MPR also tend to own: AAPLBRK-BCOPJNJBRK.ACATINTC

TheStreet.com Rating: C What is this?

  • +
  • PRAA
    Portfolio Recover
  • $46.49
  • 0.00%
  • $N/A

From Barron's 6-11-07 Strong Buy - Price 55.19 on June 4 by JMP Research: We are raising our rating on Portfolio Recovery Associates...to Strong Buy, as we believe that the supply and pricing characteristics of the charged-off debt market are improving and that the company remains over-capitalized despite its recently announced $1 special dividend and 1 million share-repurchase program. We believe...the company may be entering another "sweet spot" in which...mid-teens to 20%-plus EPS growth looks achievable. We are raising our 2007 EPS estimate from $3.23 to $3.24 and our 2008 estimate from $3.75 to $3.80...Our 12-month target price is raised from 64 to 66 and equates to roughly 17 times our 2008 estimate, a slight discount to PRA's four-plus-year average forward multiple as a public company.

People owning PRAA also tend to own: MNSTRAEBIGNVDASIGMXINGBBBB

TheStreet.com Rating: B- What is this?

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