Barron's Research Reports 9-20-2008
1515 views
Rate Now: 1 2 3 4

average rating: 0.00 / 0 ratings
Created by barrons3
DESCRIPTION:

Date updated:09-20-2008

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

symbol name last price % change open
  • +
  • BAC
    Bk Of America Cp
  • $16.09
  • +0.06%
  • $16.03

Underperform - Price 26.55 on Sept. 16 by Keefe Bruyette Woods The deal [to buy Merrill Lynch] appears light on due diligence [but] heavy on long-term potential....While significant moving parts exist, we believe the deal's dilutive to BAC's already thin 4.2% total tangible-equity ratio. Hence, capital raising and/or dividend cuts [look to be] on the table...as a way to finance the transaction. We were already expecting BAC to raise $10 billion in capital and believe the deal pushes the capital needed to...higher levels. BAC says the deal should be about 3% dilutive to 2009 and neutral in 2010....we're lowering our $3.15 '09 earnings-per-share estimate by 15 cents to $3. Target: 25. Market cap: $118 billion.

People owning BAC also tend to own: AAADPAVPBRK-BBUDCSCOCX

TheStreet.com Rating: C- What is this?

  • +
  • FCSX
  • $0.00
  • 0.00%
  • $N/A

Outperform - Price 17.92 on Sept. 15 by Raymond James P/E: 14 times. Given [commodities risk manager] FCStone's commodities-based focus, we believe it may be less affected than other futures-related firms by...financial system turmoil and deleveraging. [Yet] FCStone also is less likely to pick up market share resulting from Lehman's exit from the futures-brokerage business...we believe Lehman's bankruptcy to be a relatively immaterial event for FCStone. Market cap: $520 million.

People owning FCSX also tend to own: AAPLACCP.OBAMAGBCSIEMKRFTGXHAYN

TheStreet.com Rating: No Rating What is this?

  • +
  • GE
    Gen Electric Co
  • $15.59
  • -1.08%
  • $15.66

Hold - Price 24.60 on Sept. 16 by Sterne, Agee & Leach Target: 26. While turmoil in the financial-services sector could delay any sale of GE Capital's NA Private Label credit-[card] business...GE is under no obligation or financial need to sell it....GE Capital remains very well capitalized (at only 8:1 debt/equity)and faces no liquidity constraints, and thus any sale at a price that might be currently viewed as unfavorable could potentially create more questions than if GE were to retain the business and operate it pending return of more stable market conditions. Market cap: $276 billion.

People owning GE also tend to own: AIGAXPDELLIBMINTCMSFTAAPL

TheStreet.com Rating: C What is this?

  • +
  • MCO
    Moody's Corp
  • $22.95
  • -1.03%
  • $23.06

Underperform - Price 38.62 on Sept. 15 by Jefferies & Co. Target: 32. Moody's says it has agreed to acquire {risk software maker] Fermat International for $189 million....Moody's currently trades at 10.5 times and 19.4 times our 2008 Ebitda [earnings before interest, taxes, depreciation and amortization] and EPS estimates, respectively. We are lowering 4Q08 and full-year 2008 EPS to 45 cents and $1.90, respectively. Market cap: $9.6 billion.

People owning MCO also tend to own: ADBECHKECLMSCMEEPAXGHLLLTC

TheStreet.com Rating: C- What is this?

  • +
  • SCMR
    Sycamore Networks
  • $2.90
  • -1.02%
  • $2.94

Sell - Price 3.41 on Sept. 16 by Zacks Research SCMR provides bandwidth solutions for fixed and mobile networks. Its fiscal 4Q08 ...total revenue of $15.1 million was down 60.3% from the year-ago quarter and down 24.9% sequentially. Gross margin was 28.7%, versus 46.5% in the prior-year quarter. Adjusted diluted EPS was a loss of 3 cents for 4Q08. We remain concerned that Sycamore may have difficulty generating sustainable business from carriers...as larger vendors address these markets ....Demand for optical-networking appears to be more favorable than past years', but Sycamore's financial reports suggest a year-over-year revenue decline in spite of the 2006 acquisition of Eastern Research. [Downgrading on concerns that] business will depend on a limited number of customers. Market cap: $960 million.

People owning SCMR also tend to own: AAPLAEMAMRAXPBTUCCCCCJ

TheStreet.com Rating: D+ What is this?

  • +
  • TSCO
    Tractor Supply Co
  • $47.71
  • +0.48%
  • $47.54

Outperform - Price 43.64 on Sept. 15 by Baird Securities An active hurricane season boosted demand for emergency-response equipment. Further improvement in topsoil conditions supported late-season sales of replacement parts (providing more profit than mowers). [We also see a] lift in demand for heating equipment. Our 49 target (raised from 43) is based on a target [near-term price/earnings ratio] of 16 times...[We] would be more aggressive buyers on pullbacks toward $40. Market cap: $1.6 billion.

People owning TSCO also tend to own: ADIAMATAMCCAMTCAOCCKCMCSK

TheStreet.com Rating: B What is this?

  • +
  • WAB
    Wabtec Corp
  • $39.74
  • -1.83%
  • $40.17

Outperform - Price 52.77 on Sept. 15 by Morgan Keegan Wabtec announced the intended acquisition of Standard Car Truck for about $300 million. Standard Car Truck is a leading manufacturer of engineered components for locomotives and freight cars; annual sales are about $225 million...acquisition completion [expected] in 4Q....We expect the acquisition to be approximately 16-cents-per-share accretive to earnings in its first year...we've raised our '09 earnings estimate to $3.02 from $2.95 a share. Market cap: $2.6 billion.

People owning WAB also tend to own: ABCACMAYICFLCRKFLOFLS

TheStreet.com Rating: B What is this?

Portfolio not tracked!

Comments not available

ADD YOUR COMMENTS:

Cramer's Take on Headline Stocks...

Not a Stockpickr member? Join the community today -- for free.Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about...

11.20.09 | 11:48 AM
Jim Cramer's Portfolios of the Week

By Roberto Pedone Posted on Nov. 20, 2009 According to Jim Cramer, options expiration is driving the current market selloff. He pointed out that the only stocks that we...

11.20.09 | 08:09 AM
'Fast Money' Portfolios of the Week

By Roberto Pedone Posted on Nov. 19, 2009 According to CNBC’s “Fast Money” traders, the stock market is showing no signs of stopping its current bull run. Joe Ter...

11.19.09 | 11:13 AM
Squeezing the Shorts: Earnings G...

By Jonas Elmerraji Posted on Nov. 18, 2009 There are plenty of reasons for stocks to have the attention of short-sellers. Waning financials, a deteriorating business mo...

11.18.09 | 12:36 PM
more articles
General market Technical Analysi...
11.14.07 | 22:55 PM From author ZA
The Presidential/Political Thread
01.02.08 | 08:05 AM From author Dave Cox
48 years old, IN debt, college w...
11.21.09 | 07:51 AM From author schmls
Gloomy Bear Blood Dripping Corner
02.02.09 | 09:25 AM From author Madeleine
more forums
today 's lists
TheStreet.com TV Videos

These are some of the stocks mentioned on TheStreet.com TV recently. Click the URL below each stock to watch the videos. more

Analyst Downgrades

Analyst Downgrades or Estimate Reductions for Nov. 20, 2009. Read more here. more

Dogs of the Dow

Here are the 10 stocks in the Dow Jones Industrial Average stocks with the highest yields as of the market close on June 2, 2009. more