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Author: ToddSullivan

Articles

Monday’s Upgrades and Downgrades

Post author By ToddSullivan
Post date April 28, 2008

Upgrades
Wright Medical (WMGI)- Leerink Swann Mkt Perform » Outperform
Axsys Technologies (AXYS)- Boenning & Scattergood Market Perform » Market Outperform
Trimble Navigation (TRMB)- Piper Jaffray Neutral » Buy
Emulex (ELX)- Morgan Keegan Mkt Perform » Outperform
Synovus (SNV)- Bernstein Mkt Perform » Outperform
Health Management (HMA)- Credit Suisse Neutral » Outperform
Tenet Healthcare (THC)- Credit Suisse Neutral » Outperform
Northrop Grumman (NOC)- Cowen & Co Neutral » Outperform
Sohu.com (SOHU)- Citigroup Hold » Buy
Progenics Pharm (PGNX)- Citigroup Sell » Hold
Baidu.com (BIDU)- Citigroup Hold » Buy
Infinity Prpty & Casualty (IPCC)- Piper Jaffray Neutral » Buy
Phase Forward (PFWD)- Friedman Billings Mkt Perform » Outperform
Newmont Mining (NEM)- CIBC Wrld Mkts Sector Underperform » Sector Perform
YRC Worldwide (YRCW)- Morgan Keegan Underperform » Mkt Perform
Virgin Mobile USA (VM)- Bear Stearns Underperform » Peer Perform
Northrop Grumman (NOC)- JP Morgan Neutral » Overweight
Aetna (AET)- Credit Suisse Underperform » Neutral
Harte-Hanks (HHS)- Deutsche Securities Sell » Hold
Janus Capital (JNS)- Friedman Billings Underperform » Mkt Perform

Downgrades
Nike (NKE)- McAdams Wright Ragen Buy » Hold
AmericanWest Banc (AWBC)- DA Davidson Buy » Neutral
Columbia Sportswear (COLM)- McAdams Wright Ragen Buy » Hold
Raytheon (RTN)- JP Morgan Overweight » Neutral
SiRF Technology (SIRF)- Dougherty & Company Neutral » Sell
NETGEAR (NTGR)- BWS Financial Strong Buy » Buy
Arch Coal (ACI)- Caris & Company Average » Below Average
Massey Energy (MEE)- Caris & Company Buy » Above Average
Peabody Energy (BTU)- Caris & Company Above Average » Average
Banco Brad SA (BBD)- Bear Stearns Outperform » Peer Perform
3M (MMM)- Sterne Agee Buy » Hold
Fidelity National Information Services (FIS)- Barrington Research Outperform » Mkt Perform
T. Rowe Price (TROW)- Sandler O’Neill Hold » Sell
UCBH Holdings (UCBH)- BMO Capital Markets Outperform » Market Perform
AMBAC Fincl (ABK)- Piper Jaffray Buy » Neutral
Dover Downs Gaming (DDE)- KeyBanc Capital Mkts Buy » Hold
EMCOR Group (EME)- KeyBanc Capital Mkts Buy » Hold
Ford Motor (F)- Bear Stearns Peer Perform » Underperform
BJ Restaurants (BJRI)- Jefferies & Co Buy » Hold
EastGroup (EGP)- Wachovia Outperform » Mkt Perform
Dvlps Divers Realty (DDR)- RBC Capital Mkts Outperform » Sector Perform
Ford Motor (F)- JP Morgan Overweight » Neutral
America Movil SA (AMX)- Deutsche Securities Buy » Hold

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Articles

Monday's Upgrades and Downgrades

Post author By ToddSullivan
Post date April 28, 2008

Upgrades
Wright Medical (WMGI)- Leerink Swann Mkt Perform » Outperform
Axsys Technologies (AXYS)- Boenning & Scattergood Market Perform » Market Outperform
Trimble Navigation (TRMB)- Piper Jaffray Neutral » Buy
Emulex (ELX)- Morgan Keegan Mkt Perform » Outperform
Synovus (SNV)- Bernstein Mkt Perform » Outperform
Health Management (HMA)- Credit Suisse Neutral » Outperform
Tenet Healthcare (THC)- Credit Suisse Neutral » Outperform
Northrop Grumman (NOC)- Cowen & Co Neutral » Outperform
Sohu.com (SOHU)- Citigroup Hold » Buy
Progenics Pharm (PGNX)- Citigroup Sell » Hold
Baidu.com (BIDU)- Citigroup Hold » Buy
Infinity Prpty & Casualty (IPCC)- Piper Jaffray Neutral » Buy
Phase Forward (PFWD)- Friedman Billings Mkt Perform » Outperform
Newmont Mining (NEM)- CIBC Wrld Mkts Sector Underperform » Sector Perform
YRC Worldwide (YRCW)- Morgan Keegan Underperform » Mkt Perform
Virgin Mobile USA (VM)- Bear Stearns Underperform » Peer Perform
Northrop Grumman (NOC)- JP Morgan Neutral » Overweight
Aetna (AET)- Credit Suisse Underperform » Neutral
Harte-Hanks (HHS)- Deutsche Securities Sell » Hold
Janus Capital (JNS)- Friedman Billings Underperform » Mkt Perform

Downgrades
Nike (NKE)- McAdams Wright Ragen Buy » Hold
AmericanWest Banc (AWBC)- DA Davidson Buy » Neutral
Columbia Sportswear (COLM)- McAdams Wright Ragen Buy » Hold
Raytheon (RTN)- JP Morgan Overweight » Neutral
SiRF Technology (SIRF)- Dougherty & Company Neutral » Sell
NETGEAR (NTGR)- BWS Financial Strong Buy » Buy
Arch Coal (ACI)- Caris & Company Average » Below Average
Massey Energy (MEE)- Caris & Company Buy » Above Average
Peabody Energy (BTU)- Caris & Company Above Average » Average
Banco Brad SA (BBD)- Bear Stearns Outperform » Peer Perform
3M (MMM)- Sterne Agee Buy » Hold
Fidelity National Information Services (FIS)- Barrington Research Outperform » Mkt Perform
T. Rowe Price (TROW)- Sandler O’Neill Hold » Sell
UCBH Holdings (UCBH)- BMO Capital Markets Outperform » Market Perform
AMBAC Fincl (ABK)- Piper Jaffray Buy » Neutral
Dover Downs Gaming (DDE)- KeyBanc Capital Mkts Buy » Hold
EMCOR Group (EME)- KeyBanc Capital Mkts Buy » Hold
Ford Motor (F)- Bear Stearns Peer Perform » Underperform
BJ Restaurants (BJRI)- Jefferies & Co Buy » Hold
EastGroup (EGP)- Wachovia Outperform » Mkt Perform
Dvlps Divers Realty (DDR)- RBC Capital Mkts Outperform » Sector Perform
Ford Motor (F)- JP Morgan Overweight » Neutral
America Movil SA (AMX)- Deutsche Securities Buy » Hold

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Articles

The Week's Insider Buys

Post author By ToddSullivan
Post date April 27, 2008

Top dollar amounts of insider purchases for the past week.

Autozone Inc (AZO)- $8,487,571
Presstek Inc (PRST)- $3,549,265
Colonial Bancgroup Inc (CNB)- $2,942,470
Visa Inc (V)- $1,760,000
Zumiez Inc (ZUMZ)- $997,233
Motive Inc (MOTV)- $646,700
Slm Corp (SLM)- $498,855
Alternative Asset Management Acqstn Corp (AMV)- $300,901

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Articles

The Week’s Insider Buys

Post author By ToddSullivan
Post date April 27, 2008

Top dollar amounts of insider purchases for the past week.

Autozone Inc (AZO)- $8,487,571
Presstek Inc (PRST)- $3,549,265
Colonial Bancgroup Inc (CNB)- $2,942,470
Visa Inc (V)- $1,760,000
Zumiez Inc (ZUMZ)- $997,233
Motive Inc (MOTV)- $646,700
Slm Corp (SLM)- $498,855
Alternative Asset Management Acqstn Corp (AMV)- $300,901

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Articles

"Fast Money" for Monday

Post author By ToddSullivan
Post date April 27, 2008

Monday’s Picks
None

Friday’s Results
Jeff Macke, Guy Adami and Karen Finerman all think Microsoft (MSFT) $31.8 is a buy if it trades below $30. Close $29.83 LOSS

Pete Najarian prefers Saso (SSL) $57.39 Close $57.19 LOSS

2008 Records:
Brian Schaeffer= 0-1
Carter Worth= 1-1
Jon Najarian= 4-3
Jeff Macke= 32-23-1
Tim Seymore= 15-12
Guy Adami= 31-28
Pete Najarian= 34-24
Karen Finerman= 25-26-1
Joe Terrenova= 1-1

2007 Results (Since 6/21):
Guy Adami= 58-46 = 56%
Jeff Macke= 60-40 = 60%
Pete Najarian= 49-41 = 54%

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Articles

Friday’s Links

Post author By ToddSullivan
Post date April 25, 2008

Ouch, Common Sense, Class, Paperchase

– Who needs the Republican’s to say anything?

– Courts seem to be using a bunch of this lately..

– Somehow this will be twisted into a “republican conspiracy“

– Anyone been in one of these?

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Articles

Friday's Links

Post author By ToddSullivan
Post date April 25, 2008

Ouch, Common Sense, Class, Paperchase

– Who needs the Republican’s to say anything?

– Courts seem to be using a bunch of this lately..

– Somehow this will be twisted into a “republican conspiracy“

– Anyone been in one of these?

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Articles

The Week's Top Ten at VIN

Post author By ToddSullivan
Post date April 25, 2008

Weekend reading at Value investing News
1. Susan Buffett interview 8/26/2004
(via www.charlierose.com)

A remembrance of philanthropist Susan Thompson Buffet. She talks a lot about Warren Buffett.

2. Visit with Warren Buffett
(via www.bengrahaminvesting.ca)

On March 31, 2008 students from Dr. Athanassakos’ Value Investing class travelled to Omaha, Nebraska to meet with Mr. Warren Buffet, the world’s best known investor and the richest person in the world.

3. Buffett Leans on Italian Guide for Europe Investment
(via www.bloomberg.com)

Billionaire Warren Buffett, who will embark on a four-city European trip next month to meet with owners of family businesses, has for years been laying the groundwork for an acquisition in Europe.

4. Doubling Down in Financials – Interview with Richard Pzena
(via www.forbes.com)

When it comes to value investing or buying out-of-favor stocks, patience is a virtue. These days few are more virtuous than Richard Pzena, Chairman of Pzena Investment Management, a $20 billion assets money management company whose New York Stock Exchange listed shares are down more than 38% in the last 12 months.

5. The Money Kept Vanishing
(via online.wsj.com)

David Einhorn’s New Book “Fooling Some of the People All of the Time”

6. Roger Lowenstein : Triple-A Failure
(via www.nytimes.com)

In 1996, Thomas Friedman, the New York Times columnist, remarked on “The NewsHour With Jim Lehrer” that there were two superpowers in the world — the United States and Moody’s bond-rating service — and it was sometimes unclear which was more powerful.

7. Buffett, Seeking Acquisitions, to Travel to Europe
(via www.bloomberg.com)

April 22 (Bloomberg) — Billionaire investor Warren Buffett will visit Europe next month to scout potential acquisitions, said an executive at an Italian refiner who is organizing the tour.

8. Business Sector Breakdown of the Magic Formula
(via www.magicdiligence.com)

Does the Magic Formula screen favor certain types of businesses? And if so, why? These are the questions we’ll examine in this new series examining which business sectors most frequently appear in the Magic Formula screen.

9. Looking Up to Warren Buffett
(via www.smartmoney.com)

T OFTEN SEEMS like every hedge-fund manager is reading from the same playbook about how to look, work and behave. Neatly pressed khakis; thumbs glued to a BlackBerry; slick digs in Greenwich or Manhattan staffed by number-crunching research drones. But apparently, Mohnish Pabrai never got his copy.

10. MFI Stock List Additions for Week Ending April 18, 2008
(via magicformulainvestor.blogspot.com)

Five new stocks were added to the Magic Formula List last week.

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Articles

The Week’s Top Ten at VIN

Post author By ToddSullivan
Post date April 25, 2008

Weekend reading at Value investing News
1. Susan Buffett interview 8/26/2004
(via www.charlierose.com)

A remembrance of philanthropist Susan Thompson Buffet. She talks a lot about Warren Buffett.

2. Visit with Warren Buffett
(via www.bengrahaminvesting.ca)

On March 31, 2008 students from Dr. Athanassakos’ Value Investing class travelled to Omaha, Nebraska to meet with Mr. Warren Buffet, the world’s best known investor and the richest person in the world.

3. Buffett Leans on Italian Guide for Europe Investment
(via www.bloomberg.com)

Billionaire Warren Buffett, who will embark on a four-city European trip next month to meet with owners of family businesses, has for years been laying the groundwork for an acquisition in Europe.

4. Doubling Down in Financials – Interview with Richard Pzena
(via www.forbes.com)

When it comes to value investing or buying out-of-favor stocks, patience is a virtue. These days few are more virtuous than Richard Pzena, Chairman of Pzena Investment Management, a $20 billion assets money management company whose New York Stock Exchange listed shares are down more than 38% in the last 12 months.

5. The Money Kept Vanishing
(via online.wsj.com)

David Einhorn’s New Book “Fooling Some of the People All of the Time”

6. Roger Lowenstein : Triple-A Failure
(via www.nytimes.com)

In 1996, Thomas Friedman, the New York Times columnist, remarked on “The NewsHour With Jim Lehrer” that there were two superpowers in the world — the United States and Moody’s bond-rating service — and it was sometimes unclear which was more powerful.

7. Buffett, Seeking Acquisitions, to Travel to Europe
(via www.bloomberg.com)

April 22 (Bloomberg) — Billionaire investor Warren Buffett will visit Europe next month to scout potential acquisitions, said an executive at an Italian refiner who is organizing the tour.

8. Business Sector Breakdown of the Magic Formula
(via www.magicdiligence.com)

Does the Magic Formula screen favor certain types of businesses? And if so, why? These are the questions we’ll examine in this new series examining which business sectors most frequently appear in the Magic Formula screen.

9. Looking Up to Warren Buffett
(via www.smartmoney.com)

T OFTEN SEEMS like every hedge-fund manager is reading from the same playbook about how to look, work and behave. Neatly pressed khakis; thumbs glued to a BlackBerry; slick digs in Greenwich or Manhattan staffed by number-crunching research drones. But apparently, Mohnish Pabrai never got his copy.

10. MFI Stock List Additions for Week Ending April 18, 2008
(via magicformulainvestor.blogspot.com)

Five new stocks were added to the Magic Formula List last week.

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Articles

Altria (MO) Earnings Call Notes

Post author By ToddSullivan
Post date April 25, 2008

Notes from the Altria (MO) earnings call..The focus hereis on smokeless products as the potential market for Altria is large..

Regarding smokeless products:
Judy Hong – Goldman Sachs & Company, Inc.: “Okay. And then just… in terms of your Snus and the snuff product, can you talk about whether there is… the spending in the first quarter was also impacted by the investment behind those brands. I mean I imagine that they were just a limited test market, so that would not be the case, but can you talk about that and just maybe give us a color in terms of how you are seeing any progress on those products in your test markets?”

David R. Beran – Executive Vice President and Chief Financial Officer: “Yes, I’d be happy to. As we said or as I said back in the road show and when I was meeting with the investors is that this year the Marlboro Snus and Marlboro snuff were in the investment mode. So, we actually spent more money in the first quarter behind those two initiatives than we did a year ago because we weren’t in test markets then. Is it material? No, it’s not, but it was a slight drag in the first quarter. As we look at those two test markets, we expanded both test markets. I’ll take the moist snuff first, we expanded that into 50 counties surrounding Atlanta and we’re getting great learning from that test market on how consumers feel about the product, the overall product, their overall packaging and promotional strategy in the marketplace. When you look at Marlboro Snus, we expanded Marlboro Snus from Dallas into Indi, where we replaced Taboka Snus in that marketplace. And this same sort of learning has taken place there. We’re looking at all the elements of our value equation and when I say that it’s product, packaging, positioning, and promotion out in the marketplace. And between those two initiatives, we believe that the Marlboro Snus product initiative is a longer-term play because that category does not exist in the U.S. marketplace with any potential size. But we still think that it is a promising category for us to be in.”

Another smokelss question:

Filippe Goossens – Credit Suisse: “Okay. And then my final question, perhaps a follow-up on Judy’s earlier question on Snus. It’s kind of interesting when we look at the enthusiasm of Reynolds in terms of expanding the test marketing to 17 markets now, including some kind of metropolitan markets and contrast that with the somewhat less enthusiastic comments in terms of UST’s longer experience with Snus, it kind of brings up two questions. The first one is obviously you already commented on that you see this as more a longer-term project, still I would like to kind of get more an impression from you, whether you really view this as a category that where the passage of time can meaningfully contribute to your EPS? And secondly, if I follow more kind of the comments from UST this morning, I kind of wonder if consumers will have a tough time embracing Snus as a category. It makes me wonder how they will embrace all these reduced risk or reduced harm products that the industry has been talking about for so long. So, in other words if it’s tough to embrace Snus, why would they embrace reduced risk products any quicker than what we’re seeing with Snus so far?”

David R. Beran – Executive Vice President and Chief Financial Officer: “Let me address the Snus comment… the question. When we went down this path, we spent a lot of time before we even went out into the marketplace, understanding the Snus model in Sweden. And understanding what potential consumers, adult smokers would think about Snus in the U.S. marketplace. And we saw an opportunity, we still see an opportunity and our first… our first entrance so to speak with Snus in the U.S. marketplace was with Taboka. And we use Taboka, so we could get an understanding with consumers before we decided to put Marlboro on the Snus product from a branding standpoint. And what we learned in Indi gave us confidence that the Snus marketplace can develop here in the U.S., but even today when we look at Snus and that’s why we are still in a learning mode both in Dallas and Indi. We don’t think we have it exactly right, we don’t think anyone does yet in the U.S. marketplace because we are creating a new category. And… but we will continue to get learnings from those test markets and at this point we are still confident that it will be a longer-term play in the U.S. marketplace, but that this category can develop.”

While it may be frustrating (it is) at the length of time it is taking for the smokeless products to be rolled out, when you have a brand like Marlboro, which one could argue may be one of the world’s most valuable brands, you cannot risk damage to it. Altria is taking its time and based on the testing success so far, seems to be getting the product right.

We really do not want a “New Coke” (KO) fiasco.

Disclosure (“none” means no position):Long MO

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Another view on Starbucks

Post author By ToddSullivan
Post date April 25, 2008

Here is another opinion on Starbucks (SBUX).

Disclosure (“none” means no position):None

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Sears (SHLD) and Bank of America (BAC): No Big Deal

Post author By ToddSullivan
Post date April 25, 2008

A quick read of the headlines would lead one the believe the recent credit line non-renewal between Sears Holdings (SHLD) and Bank of America (BAC) is ominous for the retailer. To the contrary, it is an example of a well capitalized company telling a bank to take a hike.

Background (from the SEC filing by Sears):
“On April 14, 2008, Bank of America, N.A., as Issuing Bank under the Letter of Credit Agreement dated as of August 13, 2004, as amended (the “LC Agreement”), among Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Sears, Roebuck and Co. and Kmart Corporation and Bank of America, N.A., advised us that it would not agree to renew the LC Agreement under its existing terms. The current term of the LC Agreement, which is a 364-day secured facility with a commitment amount of up to $1.0 billion, is scheduled to end in July 2008. At April 18, 2008, only $1.6 million in letters of credit were outstanding under the LC Agreement, which provides solely for the issuance of letters of credit and does not provide for direct borrowings. Substantially all of our outstanding letters of credit are issued under our $4.0 billion, five-year revolving credit facility (expiring March 2010), which has a $1.5 billion letter of credit sublimit (the “$4 Billion Revolver”).

We have maintained the LC Agreement as a facility to enable the Company to cost-effectively issue letters of credit when surplus cash is available to collateralize the letters of credit. As we are now using our other facility (the $4.0 Billion Revolver) for substantially all our letter of credit needs, the termination of the LC Agreement is not expected to have any effect on Sears Holdings’ liquidity.

No early termination penalties or fees would be incurred by us if the LC Agreement were to terminate at the end of the current term. We are evaluating whether or not we will replace the LC Agreement at this time.”

So we have a $1 billion credit line that has only $1.6 million outstanding on it and a $4 billion revolving credit in place.

The real story is here than Bank of America is looking to squeeze every penny out of every loan they can to offset mortgage related losses. It is important to note that BAC never said they would NOT renew it, they just got greedy (or desperate). Since Sears has a fantastic balance sheet and another $4 billion credit of out there, they politely told BAC where to go.

Not renewing a credit line that is not even being used is hardly a the big deal that is being made of it out there.

Disclosure (“none” means no position):Long SHLD, None

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Articles

Friday’s Upgrades and Downgrades

Post author By ToddSullivan
Post date April 25, 2008

Upgrades
LSI Logic (LSI)- Caris & Company Average » Above Average
Apple (AAPL)- Morgan Keegan Underperform » Mkt Perform
Southwest Bancorp (OKSB)- FTN Midwest Neutral » Buy
True Religion (TRLG)- Morgan Keegan Mkt Perform » Outperform
QLT Inc (QLTI)- RBC Capital Mkts Sector Perform » Outperform
Everest Re (RE)- Citigroup Hold » Buy
RF Micro Device (RFMD)- Jefferies & Co Hold » Buy
Level 3 (LVLT)- Merriman Curhan Ford Sell » Neutral
Zions Bancorp (ZION)- Robert W. Baird Neutral » Outperform

Downgrades
Grey Wolf (GW)- BMO Capital Markets Outperform » Market Perform
GMX Resources (GMXR)- CapitalOne southcoast Add » Neutral
VASCO Data Security (VDSI)- Morgan Keegan Outperform » Mkt Perform
Parallel Petroleum (PLLL)- CapitalOne southcoast Strong Buy » Add
II-VI Inc (IIVI)- Needham Buy » Hold
Hilb, Rogal & Hobbs (HRH)- Stifel Nicolaus Buy » Hold
Extreme Networks (EXTR)- JMP Securities Mkt Outperform » Mkt Perform
JAKKS Pacific (JAKK)- Morgan Joseph Buy » Hold
Teradyne (TER)- HSBC Securities Overweight » Neutral
Tomotherapy (TOMO)- Soleil Hold » Sell
XM Satellite (XMSR)- Citigroup Buy » Hold
Barrett Business (BBSI)- Roth Capital Buy » Hold
EastGroup (EGP)- Cantor Fitzgerald Buy » Hold
The Inventure Grp (SNAK)- Roth Capital Buy » Hold
NewMarket (NEU)- Oppenheimer Outperform » Perform
DIRECTV (DTV)- Bernstein Outperform » Mkt Perform
Take-Two (TTWO)- Citigroup Buy » Hold
Maidenform Brands (MFB)- UBS Neutral » Sell
First Midwest Banc (FMBI)- Oppenheimer Outperform » Perform
Tellabs (TLAB)- GARP Research Buy » Neutral

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Articles

Friday's Upgrades and Downgrades

Post author By ToddSullivan
Post date April 25, 2008

Upgrades
LSI Logic (LSI)- Caris & Company Average » Above Average
Apple (AAPL)- Morgan Keegan Underperform » Mkt Perform
Southwest Bancorp (OKSB)- FTN Midwest Neutral » Buy
True Religion (TRLG)- Morgan Keegan Mkt Perform » Outperform
QLT Inc (QLTI)- RBC Capital Mkts Sector Perform » Outperform
Everest Re (RE)- Citigroup Hold » Buy
RF Micro Device (RFMD)- Jefferies & Co Hold » Buy
Level 3 (LVLT)- Merriman Curhan Ford Sell » Neutral
Zions Bancorp (ZION)- Robert W. Baird Neutral » Outperform

Downgrades
Grey Wolf (GW)- BMO Capital Markets Outperform » Market Perform
GMX Resources (GMXR)- CapitalOne southcoast Add » Neutral
VASCO Data Security (VDSI)- Morgan Keegan Outperform » Mkt Perform
Parallel Petroleum (PLLL)- CapitalOne southcoast Strong Buy » Add
II-VI Inc (IIVI)- Needham Buy » Hold
Hilb, Rogal & Hobbs (HRH)- Stifel Nicolaus Buy » Hold
Extreme Networks (EXTR)- JMP Securities Mkt Outperform » Mkt Perform
JAKKS Pacific (JAKK)- Morgan Joseph Buy » Hold
Teradyne (TER)- HSBC Securities Overweight » Neutral
Tomotherapy (TOMO)- Soleil Hold » Sell
XM Satellite (XMSR)- Citigroup Buy » Hold
Barrett Business (BBSI)- Roth Capital Buy » Hold
EastGroup (EGP)- Cantor Fitzgerald Buy » Hold
The Inventure Grp (SNAK)- Roth Capital Buy » Hold
NewMarket (NEU)- Oppenheimer Outperform » Perform
DIRECTV (DTV)- Bernstein Outperform » Mkt Perform
Take-Two (TTWO)- Citigroup Buy » Hold
Maidenform Brands (MFB)- UBS Neutral » Sell
First Midwest Banc (FMBI)- Oppenheimer Outperform » Perform
Tellabs (TLAB)- GARP Research Buy » Neutral

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Articles

"Fast Money" for Friday

Post author By ToddSullivan
Post date April 24, 2008

Friday’s Picks
Jeff Macke, Guy Adami and Karen Finerman all think Microsoft (MSFT) $31.8 is a buy if it trades below $30.

Pete Najarian prefers Saso (SSL) $57.39

Thursday’s Results
On Wednesday all the traders agree that Microsoft (MSFT) $31.45 is a buy ahead of earnings! Close $31.80 GAIN

2008 Records:
Brian Schaeffer= 0-1
Carter Worth= 1-1
Jon Najarian= 4-3
Jeff Macke= 32-22-1
Tim Seymore= 15-12
Guy Adami= 31-27
Pete Najarian= 34-23
Karen Finerman= 25-25-1
Joe Terrenova= 1-1

2007 Results (Since 6/21):
Guy Adami= 58-46 = 56%
Jeff Macke= 60-40 = 60%
Pete Najarian= 49-41 = 54%

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