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« Previous EntriesEarnings after the close 10/10/08
Friday, October 10th, 2008 Saba Software (SABA): FQ1 EPS of $0.00 misses by $0.02. Revenue of $25.3M vs. $26.6M. [PR] a2a_linkname=”Earnings after the close 10/10/08″;
a2a_linkurl=”http://www.blogastock.com/2008/10/10/earnings-after-the-close-101008/”;
Earnings Before The Market Open 10/10/08
Friday, October 10th, 2008 * GE (GE): Q3 EPS of $0.45 in-line. Revenue of $47.23B vs. $47.34B. Maintains dividend at $1.24. [PR] * Host Hotels (HST): Q3 FFO of $0.31 beats by $0.03. Revenue of $1.17B in line. [PR] * Infosys Technologies (INFY): FQ2 EPS of $0.56 beats by $0.01. Revenue of $1.22B (+19%) in-line. Says its liquidity position is strong. [PR] a2a_linkname=”Earnings Before The Market Open 10/10/08″;
a2a_linkurl=”http://www.blogastock.com/2008/10/10/earnings-before-the-market-open-101008/”;
Bearish Calls
Wednesday, September 17th, 2008 Titanium Metals (TIE) -- “No, that is a second-rate titanium play. Titanium Metals is a second-rate Allegheny Tech (ATI) and I don’t like Allegheny or the rest of the titanium group. I'd rather hang myself with a tie than own shares of TIE." Mercado Libre (MELI) -- “Cramer thinks Mercado Libre is tied to closely to eBay and that’s not a good stock to own right now. So stay away from Mercardo Libre." Sterling Financial (STSA) -- “"I am recommending so few banks right now I can't go down the food chain here. I don't want this one. Go with BB&T (BBT) or Wachovia (WB).” a2a_linkname=”Bearish Calls”;
a2a_linkurl=”http://www.blogastock.com/2008/09/17/bearish-calls-7/”;
Bullish Calls
Wednesday, September 17th, 2008Research In Motion (RIMM) -- “Hedge fund selling has hurt this stock. There's nothing the matter with this company. Blackberry is here to stay and I want to buy more." Energy Conversion Devices (ENER) -- “I am bullish on Energy Conversion Devices. This is the single best alternative energy play out there. I wish I owned it myself."
I like my Fortress Four Banks:
a2a_linkname=”Bullish Calls”;
a2a_linkurl=”http://www.blogastock.com/2008/09/17/bullish-calls-7/”;
AIG’s problems
Tuesday, September 16th, 2008 AIG's problems... After asking the Fed for a $40B bridge loan yesterday, and talks with several buyout firms failed, AIG's (AIG) borrowing needs shot up to $70-75B, prompting ratings downgrades from Moody's, S&P and Fitch Ratings. The credit downgrade could trigger as much as $14.5B in collateral calls, and up to another $5.4B in early termination fees, and puts the company's survival in jeopardy. If AIG doesn't secure financing by Wednesday, it may be forced to file for bankruptcy. Kenneth Lewis, CEO of BofA (BAC), said "I don't know of a major bank that doesn't have some significant exposure to AIG," making a potential AIG failure "a much bigger problem than most that we've looked at." Shares -60.8% to $4.76 at yesterday's close. Partial Solutions. New York state, where AIG is based, threw the troubled insurer a lifeline to the tune of $20B by allowing the firm to access funds tied up in regulated subsidiaries. The move buys AIG some time, but doesn't solve the company's underlying capital problems. Strongly encouraged by a Fed seeking private-sector solutions, JPMorgan Chase (JPM) and Goldman Sachs (GS) are trying to arrange $70-75B in loans for AIG through a syndicate of banks. Some private equity firms, including TPG and Kohlberg Kravis Roberts, are potentially interested in buying specific AIG assets but are unlikely to contribute to a capital infusion. a2a_linkname=”AIG’s problems”;
a2a_linkurl=”http://www.blogastock.com/2008/09/16/aigs-problems/”;
Bearish Calls
Wednesday, September 3rd, 2008 CH Robinson Worldwide (CHRW) -- “If you want to play transportation, you play with United Parcel Service. UPS has their act together.” St. Joe (JOE) -- “The largest individual private landowner in Florida is heavily exposed to one of the last real estate markets to recover. This stock probably won’t be worth buying for three to five years. You don't have to pull the trigger yet.” Citigroup (C) -- “Citi needs to take bold action. If they take bold action, only then will I be bullish on Citigroup.” Freeport McMoran (FCX) -- “Listen up. Freeport was not able to take out its low from last month. China’s demand for copper will return. I am bullish on Freeport for the long term but in the short term the stock could end up in the house of pain.” Sandisk (SNDK) -- “This is a commodity memory play. They don't have good margins. You need to stay away from Sandisk. This stock is still a sell, sell, sell.” a2a_linkname=”Bearish Calls”;
a2a_linkurl=”http://www.blogastock.com/2008/09/03/bearish-calls-6/”;
Bullish Calls
Wednesday, September 3rd, 2008 Foster Wheeler (FWLT) -- “This stock has been crushed, and I think it has been crushed unnecessarily.” Cramer likes Foster Wheeler over a longer-term horizon of 18 months. This is often seen as a play on higher oil prices, but oil would have to fall $30 before this company would be in trouble. Eighteen months from now, this stock will be higher.” United Parcel Service (UPS) -- “If you want to play transportation, you play with United Parcel Service. I'd rather see you there. UPS has their act together.” a2a_linkname=”Bullish Calls”;
a2a_linkurl=”http://www.blogastock.com/2008/09/03/bullish-calls-6/”;
The Future of Natural Gas - Clean Energy (CLNE)
Wednesday, September 3rd, 2008 Cramer talked with Clean Energy president and CEO Andrew Littlefair about his company's outlook as interest in natural gas as an alternative fuel heats up ahead of the November elections. Littlefair said that passage of Proposition 10, a California ballot initiative, will devote $3 billion to alternative fuels, signaling a boon for not only his company, but also for the entire alternative fuel industry. He said that this one initiative alone could displace as much as 1.5 billion gallons of gasoline and diesel fuel a year. Littlefair said that while he sees ethanol as an important step towards alternative fuels, only natural gas in its liquified or compressed forms, can deliver the big numbers needed to reduce the country's need for foreign oil. When asked about the current political environment for natural gas, Littlefair said that for many years politicians felt the U.S. was running out of the commodity. But now, with many recent large gas discoveries, that is just not the case, he said. Comparing apples to apples, Littlefair said natural gas currently retails for just $2.60 to $2.70 a gallon as opposed to $4 a gallon for gas. But despite this significant cost reduction, he feels it will be the heavy trucks and large fleets that will convert first, with consumer autos following suit. Cramer told viewers it makes sense to invest in Clean Energy if they believe as he does that natural gas is the wave of the future. a2a_linkname=”The Future of Natural Gas - Clean Energy (CLNE)”;
a2a_linkurl=”http://www.blogastock.com/2008/09/03/the-future-of-natural-gas-clean-energy-clne/”;
Earnings Wednesday After Close 8/28/08
Thursday, August 28th, 2008 * Benihana (BNHN): FQ1 EPS of $0.12 misses by $0.04. Revenue of $94.5M (+5.1%) vs. $92.7M. [PR] * Coldwater Creek (CWTR): Q2 EPS of $0.04 beats by $0.03. Revenue of $241M (-0.9%) vs. $242.5M. [PR] * FuelCell Energy (FCEL): FQ3 EPS of -$0.39 misses by $0.12. Revenue of $27.9M (+106.7%) vs. $21.1M. [PR] * Giant Interactive Group (GA): Q2 EPS of $0.2 in-line. Revenue of $73.6M (+36.3%) vs. $72.2M. [PR] * Greif Bros. (GEF): FQ3 EPS of $1.18 beats by $0.05. Revenue of $1.0B (+18.3%) vs. $927M. [PR] * Heico (HEI): FQ3 EPS of $0.47 beats by $0.01. Revenue of $147M (+10.6%) in-line. [PR] * Jo-Ann Stores (JAS): Q2 EPS of -$0.47 beats by $0.19. Revenue of $403M in-line. [PR] * Men's Wearhouse (MW): Q2 EPS of $0.72 beats by $0.02. Revenue of $545M vs. $556M. Sees Q3 EPS of $0.36-0.40 vs. $0.53. [PR] * TiVo (TIVO): Q2 EPS of $0.03 beats by $0.05. Revenue of $53.5M vs. $55.3M. Sees Q3 revenue of $49-51M vs. 57M. [PR] a2a_linkname=”Earnings Wednesday After Close 8/28/08″;
a2a_linkurl=”http://www.blogastock.com/2008/08/28/earnings-wednesday-after-close-82808/”;
Earnings Thursday Before Open 8/28/08
Thursday, August 28th, 2008 * Diageo (DEO): FH2 profits fell 8.1% to £546M ($1B). Sales rose 9.9% to £3.8B. Full-year profit climbed 2.1% to £1.52B, just short of the £1.56B consensus. DEO sees 2009 operating profit growth of 7-9%, vs. this year's 9%. Shares -0.9% in London. [Bloomberg] * Sears (SHLD): Q2 EPS of $0.21 misses by $0.12. Revenue of $11.8B (-4.1%) vs. $11.7B. [PR] * Vimpel-Communications (VIP): Q2 EPS of $0.46 misses by $0.15. Revenue of $2.61B (+52%) vs. $2.65B. [PR] a2a_linkname=”Earnings Thursday Before Open 8/28/08″;
a2a_linkurl=”http://www.blogastock.com/2008/08/28/earnings-thursday-before-open-82808/”;