Barron's Research Reports 6-28-2008
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Date updated:06-28-2008

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

symbol name last price % change open
  • +
  • AGNC
    American Capital
  • $16.74
  • 0.00%
  • $N/A

Outperform/Above-Average Risk - Price 17.90 on June 24 by RBC Capital AGNC manages a leveraged portfolio of low- credit-risk agency mortgage-backed securities, generating income via the spread between asset yield and the cost of borrowings. Spreads on new investments are at the upper end of the historical range, at over 3%. Since AGNC recently completed its $286 million net equity raise, we expect capital deployment near these levels will produce very attractive [return on equity] in the mid-20% range. Risk: AGNC uses repo borrowings to leverage returns on investments, which also exposes the company to the risk of margin calls from lending counterparties.

People owning AGNC also tend to own: APEIDDRHLSONXXRATEWERNFII

TheStreet.com Rating: No Rating What is this?

  • +
  • APEI
    American Pub. Edu
  • $43.88
  • -8.96%
  • $47.23

Outperform - Price 40 on June 24 by Barrington Research Our estimates call for revenue of $24.5 million in 2Q, ended June 30, up 51.5% from last year's $16.2 million; net income of $2.7 million, up 35% from last year's $2 million; and diluted EPS of 15 cents, down 6.3% from 16 cents a year ago on 51% more shares outstanding. APEI's growth strategy includes expand[ing] its core military market (management expects to double market share [within] five years), improving retention rates and expanding into public service/civilian markets. Market cap: $751 million.

People owning APEI also tend to own: PFEUAAAPLBIDUCYDEDRYS

TheStreet.com Rating: No Rating What is this?

  • +
  • RATE
    Bankrate Inc
  • $34.80
  • +1.84%
  • $33.34

Market Outperform - Price 40.24 on June 24 by JMP Securities [We note] some softness in site traffic in June as interest-rate volatility subsides, offset by continued strength in the [certificate of deposit/money-market] channel....We expect the 15% to 20% price increase for CD/MM rate tables to add about $2 million to revenues in 2008, offsetting the weakness in mortgages. RATE trades at 11 times 2008 enterprise value/earnings before interest, taxes, depreciation and amortization...in line with the comparable group's 10.9 times....[this] strong business model is expected to generate 25%-plus organic growth in '08. Market cap: $747 million.

People owning RATE also tend to own: ALDATHIKNOTMNSTIACIJBLURNOW

TheStreet.com Rating: C+ What is this?

  • +
  • DDR
    Developers Rlty
  • $25.51
  • -0.47%
  • $25.28

Long-Term Buy - Price 36.95 on June 23 by Hilliard Lyons Ohio-based DDR owns and manages more than 740 retail operating and development properties in 45 states, Puerto Rico, Brazil, Canada and Russia. We've rais[ed] our rating...from Neutral, due to a share-price decline [of] 37.8% from a 52-week high. We're maintaining our '08 and '09 [funds-from-operations]-per-share estimates of $3.97 and $4.20. Target: 42. Market cap: $4.46 billion.

People owning DDR also tend to own: CROXEVRFLAFTOBMRKIMDRE

TheStreet.com Rating: C What is this?

  • +
  • HLS
    Healthsouth Cp
  • $15.51
  • -4.55%
  • $15.85

Underperform - Price 17.97 on June 23 by Raymond James HLS announced an underwriting agreement regarding issuance and sale of 8.8 million shares of common...to JPMorgan Securities...HLS [must] use 25% of net proceeds ...to repay borrowings under its term loan facility[and] intends to retire approximately $30.3 million of 10.750% senior subordinated notes due Oct. 1...The transaction...deleverages the balance sheet and is [more than] 5 cents accretive. Market cap: $1.4 billion.

People owning HLS also tend to own: CAMDGEPBESISTXSYMCCHH

TheStreet.com Rating: C- What is this?

  • +
  • ONXX
    Onyx Pharm Inc
  • $31.04
  • -6.02%
  • $32.60

Buy - Price 34.75 on June 23 by Broadpoint Capital CFO Greg Schafer resigned June 17 and will [depart] by Dec. 15...incrementally positive news for the stock (not a reflection on Schafer's ability), because we believe that it makes sense for new CEO Tony Coles to pick his own team....The most important piece of news, near term, [will be] announcement of Q208 Nexavar sales [for treating certain liver- and kidney-cancer patients] around July 30...We expect Nexavar sales will be significantly higher than most Street project[ions] and expect Onyx management will adjust its guidance for Nexavar sales for the year upward. Our 48 target appl[ies] a 30 times forward price/earnings multiple to our 2010 fully diluted EPS of $2.25. Market cap: $1.9 billion.

People owning ONXX also tend to own: AAADMCCRTCVXEWBCFMDMRO

TheStreet.com Rating: D What is this?

  • +
  • WERN
    Werner Enterprise
  • $20.67
  • +4.82%
  • $19.27

Sell - Price 19.14 on June 23 by Zacks Research Werner hauls general commodities in interstate and intrastate commerce. With 8,250 trucks and 24,855 trailers as of [end-2007], WERN serves 48 U.S. states, some points in Mexico, and ten Canadian provinces. We're reducing our recommendation to Sell from Hold, lowering our [six-month] target to 17, and cutting our 2008 diluted EPS estimate to 80 cents, from 87 cents, reflecting higher estimated fuel costs now that oil is trading around $140 per barrel. Our 2009 EPS estimate remains $1.07. We expect WERN's trucking operations to continue to be hurt by the weak U.S. economy.... WERN's 1Q EPS of 12 cents [was] down 43% [y/o/y] due to soaring fuel costs and higher insurance and maintenance expense from severe winter weather. We believe the dividend is safe. Market cap: $1.3 billion.

People owning WERN also tend to own: AFLBBYBWLDCCOLMCTRPCVX

TheStreet.com Rating: B+ What is this?

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A. imagine a situations where the demand
for commodities falls more than the
dollar depreciating.

The Glossary of Economics Terms defines
deflation as occurring "when prices
are declining over time. This is the
opposite of inflation; when the
inflation rate (by some measure) is
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deflationary period."

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