Behind The Headlines 3/6/09
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Date updated:03-06-2009

Each day, business publications are overflowing with headlines relating to economic, capital markets, Federal Reserve and overall business conditions both domestically and internationally. While these headlines might do their job and catch our attention, they usually fail to provide actionable trading or investment ideas for investment-community readers.

symbol name last price % change open
  • +
  • GM
    Gm
  • $0.00
  • N/A
  • $N/A

In a detailed annual report, accounting firm Deloitte & Touche said that there is “substantial doubt” about General Motors ability to remain as a viable company, and is currently a “going concern” implying that a General Motors bankruptcy is imminent. Currently General Motors is seeking up to $30 billion in additional loans from the U.S. government and more from foreign governments, including the U.K., Sweden and Canada.

People owning GM also tend to own: CMEICEISESAMCBATMMS

TheStreet.com Rating: No Rating What is this?

  • +
  • ORLY
    O'reilly Automoti
  • $38.19
  • -0.73%
  • $38.18

Another auto parts firm that will likely benefit is O’Reilly Automotive (ORLY) whose fourth-quarter profit rose 5 percent, as sales jumped a whopping 85 percent as the acquisition of CSK Automotive took its full affect on O’Reilly’s earnings. For the quarter, O’Reilly earned 42.7 million, or 32 cents per share, compared with a $40.6 million, or 35 cents per share, for the same quarter last year. Currently O’Reilly gave full-year 2009 guidance of adjusted profit of $1.83 to $1.87 per share which was slightly higher than Wall Street’s estimates of $1.79 per share for 2009.

People owning ORLY also tend to own: ASDCOSTMCDOSKBABACBKUNA

TheStreet.com Rating: B What is this?

  • +
  • AZO
    Autozone Inc
  • $156.94
  • +1.00%
  • $157.56

Companies like AutoZone (AZO) whose results soundly beat Wall Street’s second-quarter estimates, as profit jumped 9 percent, and commercial sales rose 4.5 percent. For the second-quarter, AutoZone earned $115.9 million, or $2.03 per share, compared with $106.7 million, or $1.67 per share, in the same quarter a year ago. Sales rose 8 percent to $1.45 billion from $1.34 billion. The mean Wall Street estimate was for $1.85 per share on just $1.38 billion in sales.

People owning AZO also tend to own: EBAYINTCKLICADPAXPBAXCMCSA

TheStreet.com Rating: C+ What is this?

  • +
  • ZEP
    Zep Inc
  • $19.30
  • 0.00%
  • $N/A

While associated with the secondary auto market, shares of Zep Industries (ZEP) should be avoid, as the largest seller of vehicle cleaners in the U.S., selling to more than 75,000 auto-body repair shops. It's also the largest supplier of industrial cleaning chemicals to Home Depot (HD). The most recent quarter saw EBIT of 2.8%. Zep just fired 5% of its total workers, as the company "unexpectedly began experiencing a significantly lower order rate as a result of general economic conditions while continuing to experience high raw material input costs."

People owning ZEP also tend to own: RFMDAYIMIMVPPLPVGSWHC

TheStreet.com Rating: D+ What is this?

  • +
  • CPO
    Corn Products Int
  • $30.81
  • -0.68%
  • $31.11

The best leveraged play on the spot prices of Corn is Corn Products (CPO). In November, Bunge’s (BG) board voted to end its bid to take over Corn Products citing the weakness in Bunge’s principal commodity soybeans. Corn Products is currently forecasting full-year 2009 earnings of $2.10 to $2.60 per share, which at $18 per share or so is less than 8 times full-year 2009 earnings.

People owning CPO also tend to own: ANATBGBTUCITCNHETREXH

TheStreet.com Rating: C+ What is this?

  • +
  • TCB
    T C F Financial C
  • $13.81
  • -1.57%
  • $14.02

TCF Finanical is trading near its book value of $9.12 per share

People owning TCB also tend to own: APDBACBBXCMPCOPCRNTWTR

TheStreet.com Rating: C What is this?

  • +
  • IBKC
    Iberiabank Corpor
  • $53.52
  • 0.00%
  • $N/A

Iberiabnk is trading 21% below its $46.17 book value

People owning IBKC also tend to own: AFGAIZAMPAMTDAWBCBACCKFR

TheStreet.com Rating: B+ What is this?

  • +
  • SBBX
    Sussex Bancorp
  • $4.75
  • +25.33%
  • $4.50

Sussex Bancorp is trading 291% below its $10.21 stated book value.

People owning SBBX also tend to own: AYRCBKNCPRTENPETPEXXIFBP

TheStreet.com Rating: C What is this?

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