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June Phoenix update

Mon, 01 Jun 2009 13:28:04 GMT

By request, here is the latest update on the Phoenix list: ACCO Brands Corp (ABD), American Axle & Manufacturing Holdings I (AXL), ArvinMeritor Inc (ARM), Belo Corp (BLC), Clear Channel Outdoor Holdings Inc (CCO), Crosstex Energy Inc (XTXI), Dana Holding Corp (DAN), Delta Petroleum Corp (DPTR), Developers Diversified Realty Corp (DDR), Eastman Kodak Co (EK), Emcore Corp (EMKR), EW Scripps Co (SSP), FCStone Group Inc (FCSX), Ferro Corp (FOE), First Industrial Realty Trust Inc (FR), Gannett Co Inc (GCI), Great Atlantic & Pacific Tea Co (GAP), Hercules Offshore Inc (HERO), ION Geophysical Corp (IO), iStar Financial Inc (SFI), Phoenix Cos Inc/The (PNX), Sunrise Senior Living Inc (SRZ), Technitrol Inc (TNL), Warren Resources Inc (WRES), YRC Worldwide Inc (YRCW) and Zale Corp (ZLC).There are 26[More...]

More Pain For Auto Suppliers

Tue, 17 Mar 2009 15:57:00 GMT

The spillover from D-3's empty wallets is beginning to really hurt domestic auto suppliers. First, Ford spinoff Visteon, which last week barely made a $16 million bond interest payment, last night joined Lear (which Carl Icahn tried to acquire unsuccesfully in early 2007) in announcing it would likely receive going concern language from its auditors. "The inclusion of such a paragraph in such report would result in defaults under certain indebtedness of the Company, which defaults, if not cured or waived prior to the expiration of the applicable grace period, would result in an event of default under the Company’s principal U.S. senior secured credit facilities. Such events of default, if they occur, provide the lenders the right to demand all amounts due under the[More...]

Analyst Comments: Philips, Cepheid, National Semi, Heritage-Crystal, Primus Guaranty, Reddy Ice, BioSphere, PS Business Parks, ArvinMeritor, Bristol-Myers, Echelon, LSI Corp

Fri, 03 Oct 2008 06:18:00 GMT

Headquartered in Amsterdam, The Netherlands, Koninklijke Philips Electronics N.V. (PHG) is one of the world's largest electronics companies and the biggest in Europe, with sales of 27 billion in 2007 and 12.4 billion in 1H08. The company has worked to improve its cost structure, as its EBITA margins remained flat along with modest revenue performance despite the weaker-than-expected dollar. Based on these results, we are maintaining our revenue estimates for 2008. We continue to rate the shares of PHG a Hold with a price target of $28.50 per share over the next six months. This amounts to between 6.7x-6.9x our new 2008 EPS estimate of $4.19. Udayan Mukherjee contributed to this report. Read[More...]

Analyst Comments: Penske Auto, ArvinMeritor, Moody's Corporation, Digital River

Mon, 04 Aug 2008 21:45:00 GMT

In the reported 2008 second quarter, Penske Automotive Group's (PAG) earnings from continuing operations per diluted share were $0.42, down from $0.43 in the year-ago period. Revenue was steady at $3.4 billion. Same-store sales decreased 6% on new vehicles down 8% and used vehicles up 7%. The Company currently projects earnings from continuing operations for the year to be in the range of $1.54 to $1.60. Penske is well positioned among the auto retailer peer group. Its specialty and luxury product mix offers opportunity for long-term growth. Additionally, we are encouraged by positive same-store sales in used vehicles. However, rising interest rates, challenging industry conditions and a leveraged balance sheet dampen our outlook on the stock. Thus, we rate the shares a Hold with a six-month target price of $14.00. The company historically has grown 6% faster than its peers,[More...]

Uncertainties Keep ARM a Hold

Mon, 30 Jun 2008 19:45:35 GMT

ARM Holdings PLC (ARMH) is the leading IP provider of RISC microprocessors that are embedded in OEM (original equipment manufacturer) products. The company's top and bottom-line results were above consensus estimates.[More...]

Auto Suppliers: Mixed Fortunes

Sat, 14 Jun 2008 18:12:58 GMT

Rather than focus once again on the large-cap automakers, we sat down with Zacks senior auto industry analyst Paul Raman, CFA to talk a little bit about auto suppliers and retailers. We were able to fill out our view of the sector as a whole, and even got[More...]

Analyst Comments: CarMax, ArvinMeritor, Avnet, Genomic Health, MGIC Investment, Cooper Tire, General Motors

Thu, 12 Jun 2008 17:47:36 GMT

CarMax Inc. (KMX) move into new markets and growth within existing markets will continue to strengthen volumes. The company continues to face a difficult used vehicle environment, largely due to aggressive incentives from new vehicle manufacturers. The value of used cars is declining due to the ongoing weakness in the overall economy. Thus, we rate the stock a Hold. Improved...[More...]

Analyst Comments: ArvinMeritor, Northrop Grumman, Rent-A-Center, Sierra Wireless, Visteon, Hain Celestial

Wed, 30 Apr 2008 19:45:52 GMT

ArvinMeritor, Inc. (ARM) has developed a leading position in most of the markets it serves. Presently, the company is undergoing dramatic cost reductions as well as implementing an impressive global growth strategy.[More...]

Analyst Comments: Bayer, ArvinMeritor, Qiagen, Satyam Computer, DRS Technologies

Wed, 30 Apr 2008 16:40:40 GMT

Analyst Comments: Green Mountain, Quicksilver Rsrcs, National Semi, Chunghwa, Kongzhong, ArvinMeritor, Anglo American, CRA Int'l , Einstein Noah

Tue, 11 Mar 2008 20:41:08 GMT

Green Mountain Coffee Roasters, Inc. (GMCR) is a growth company in the premium coffee and tea industry. Management is implementing a growth strategy based on a multi-channel geographic penetration business model. The company is expanding geographically and by adding new relationships, such as with McDonald's (MCD) and Lowes Companies (LOW). Having...[More...]

Automakers' shutdowns drive suppliers' 2Q losses

Thu, 06 Aug 2009 00:45:00 GMT

NEW YORK - With global auto production still in a slump and two of the U.S. automakers in bankruptcy protection, it wasn't a big surprise that the second quarter was another tough one for auto suppliers.
Richard E. Dauch, American Axle & Manufacturing Holdings Inc.'s co-founder, chairman and CEO, told analysts Wednesday that 2009 continues to be "a most difficult and challenging year" for his company and the entire auto industry.
On top of rising unemployment, weak consumer confidence and higher raw material costs, Dauch said the unprecedented bankruptcy protection filings at General Motors and Chrysler were "devastating" to the suppliers, he said.

: iStockAnalyst.com Symbols Feed

June Phoenix update

More Pain For Auto Suppliers

Analyst Comments: Philips, Cepheid, National Semi, Heritage-Crystal, Primus Guaranty, Reddy Ice, BioSphere, PS Business Parks, ArvinMeritor, Bristol-Myers, Echelon, LSI Corp

Analyst Comments: Penske Auto, ArvinMeritor, Moody's Corporation, Digital River

Uncertainties Keep ARM a Hold

Auto Suppliers: Mixed Fortunes

Analyst Comments: CarMax, ArvinMeritor, Avnet, Genomic Health, MGIC Investment, Cooper Tire, General Motors

Analyst Comments: ArvinMeritor, Northrop Grumman, Rent-A-Center, Sierra Wireless, Visteon, Hain Celestial

Analyst Comments: Bayer, ArvinMeritor, Qiagen, Satyam Computer, DRS Technologies

Analyst Comments: Green Mountain, Quicksilver Rsrcs, National Semi, Chunghwa, Kongzhong, ArvinMeritor, Anglo American, CRA Int'l , Einstein Noah

Automakers' shutdowns drive suppliers' 2Q losses

ArvinMeritor posts 3Q loss, will sell wheels unit

ArvinMeritor Unveils Meritor MXL Driveline

Vasco Data, Amedisys, Continental are big movers

Suppliers' Credit Rating Downgraded; More Could Come

ArvinMeritor Enters into New, Two-Year U.S. Receivable Securitization Agreement

ArvinMeritor to Invest in Brazil Operations, Focus on On- and Off-Highway Markets

ArvinMeritor Appoints Brett Penzkofer Senior Director of Investor Relations

ArvinMeritor Reports Third-Quarter Fiscal Year 2009 Results ; Announces Sale of Wheels Business Unit

ArvinMeritor Reports Third-Quarter Fiscal Year 2009 Results

ArvinMeritor Appoints Kevin Nowlan Vice President and Treasurer

Navistar, ArvinMeritor Announce Long-Term Supply Agreement

ArvinMeritor Signs Strategic Partnership With Yutong Group Co., Ltd. To Supply Drivetrain Components in China

ArvinMeritor Hosts Conference Call and Web Cast to Present Fiscal Year 2009 Third-Quarter Earnings

ArvinMeritor Divests Additional Light Vehicle Systems Chassis Business

Form 4 ARVINMERITOR INC For: Sep 14 Filed by: DONLON JAMES D III (10K)

Form 4 ARVINMERITOR INC For: Sep 11 Filed by: Lehmann Mary A (10K)

Form 4 ARVINMERITOR INC For: Sep 11 Filed by: Reinhardt Carsten J (10K)

Form 4 BAKER VERNON G II For: Jul 27 (10K)

Form 4 ARVINMERITOR INC For: May 01 Filed by: Craig Jeffrey A (10K)

Form 4 ARVINMERITOR INC For: Apr 01 Filed by: DONLON JAMES D III (10K)

Form 4 ARVINMERITOR INC For: Feb 19 Filed by: ROTHMEIER STEVEN G (10K)

Form 3 ARVINMERITOR INC For: Jan 30 Filed by: Hopgood Daniel Roy (10K)

Form 4 ARVINMERITOR INC For: Jan 30 Filed by: ROTHMEIER STEVEN G (10K)

Form 4 ARVINMERITOR INC For: Jan 30 Filed by: MARLEY JAMES E (10K)