Posts for Ticker ‘JOE’

Top Pre-Market Upgrades & Downgrades (AB, ABFS, CNY, DKX, BEN, KMT, ODFL, OTTR, PZN, RJF, JOE, TROW, YRCW)

These are not all of the research calls affecting shares of stock, but these are some we have our eyes on this Monday:

  • Alliance Bernstein (AB) Raised to Outperform at KBW.
  • Arkansas Best (ABFS) Cut to Underweight at JPMorgan.
  • Con-Way (CNY) Cut to Neutral at JPMorgan.
  • Dick’s Sporting Goods (DKS) Started as Overweight at Lehman.
  • Franklin Resources (BEN) Cut to Market Perform at KBW.
  • Kennametal (KMT) Cut to Sell at Goldman Sachs.
  • Old Dominion Freight Line (ODFL) Cut to Neutral at JPMorgan.
  • Otter Tail (OTTR) Raised to Outperform at Baird.
  • Pzena (PZN) Cut to Underperform at KBW.
  • Raymond James Financial (RJF) Cut to Market Perform at KBW.
  • St. Joe (JOE) Cut to Market Perform at KBW.
  • T. Rowe Price (TROW) Cut to Underperform at KBW.
  • YRC Worldwide (YRCW) Cut to Underweight at JPMorgan.

Jon C. Ogg
September 22, 2008

Posted on: September 22, 2008 – 6:27 am in Analyst Calls, , , , , , , , , , , , ,

Top Pre-Market Analyst Downgrades (AMRI, BBY, EBAY, GGC, PLD, JOE, WFC)

These are not all of the analyst downgrades or negative calls affecting shares, but these are some of the calls impacting shares pre-market this Thursday morning:

  • Albany Molecular (NASDAQ: AMRI) Cut to Hold from Buy at Jefferies.
  • Best Buy (NYSE: BBY) Cut to Sell from Neutral at Goldman Sachs.
  • eBay (NASDAQ: EBAY) Cut to Neutral from Buy at Goldman Sachs; Cut to Market Weight at Thomas Weisel.
  • Georgia Gulf (NYSE: GGC) Cut to Underweight at Lehman.
  • ProLogis (NYSE: PLD) Cut to Neutral from Overweight at JPMorgan.
  • The St. Joe Co. (NYSE: JOE) Cut to Underperform at Wachovia.
  • Wells Fargo (NYSE: WFC) Cut to Neutral from Buy at UBS.

Jon C. Ogg
July 17, 2008

Posted on: July 17, 2008 – 7:00 am in Analyst Calls, , , , , , ,

Whitman & Third Avenue Value Fish In Financial Insurers, REITs, Land (ABK, ACGL, LM, MBI, JOE, TPGI, TGIC, USG, VNO)

If there is one seer and age-old timeless veteran in value investing, it is M.J. Whitman.  His Third Avenue Management, LLC has filed its 13F with the SEC and it shows he is still (or at least was) betting big on what financial guarantors, land banks, and REIT’s for a portion of his value investing assets.  This total filing showed some $11.5 Billion in equity and equivalent positions (not including fixed income).  What is interesting is that this is not even all of his holdings out of financial related stocks.  But this is still nearly $1.2 Billion in combined assets.  Below are a portion of his top holdings: 

Stock (Ticker)                                                              Shares             $$$$
Ambac Financial Group (ABK)               2,699,896   $69,576,000
Arch Capital Group Ltd.(ACGL)              1,461,659   $102,828,000
Legg Mason Inc. (LM)                               3,343,553   $244,581,000
MBIA Inc. (MBI)                                           13,773,096  $236,607,000
St. Mary Land & Exploration (SM)            2,620,703   $101,185,000
The St. Joe Company (JOE)                    15,347,635  $54,4995,000
Thomas Properties Group Inc. (TPGI)    2,566,549   $27,667,000
Triad Guaranty Inc (TGIC)                          1,064,023   $10,427,000
USG Corporation (USG)                             5,573,058   $199,460,000
Vornado Realty Trust (VNO)                       1,327,543   $116,757,000

M.J. Whitman and his entire crew readily admit that they do not always catch the bottom.  They try to get in before the flood gates of buyers swarm in, and sometimes they are very early and have no problem taking a 3-year or even longer time horizon.  But they do try to look through the junk heap to see what can be cleaned up with some TLC.  Please be advised that this is a small portion of their holdings, and that full list can be seen here. 

Here are the other activist and billionaire value-esque investors we covered this weekend:

Jon C. Ogg
February 19, 2008

Posted on: February 19, 2008 – 3:27 pm in Mutual Funds, Value Investing, , , , , , , , , , ,

52-Week Lows (August 27, 2007)

Not all of these are low closes but these hit new 52-week lows if not……

Candela (CLZR) keeps hitting the list….

Carmike Cinema’s (CKEC)…if movies hit $4 Billion and they can’t make money then they better jack up thge popcorn prices…..

Chico’s F A S (CHS) put in a new 52-week low intraday, although this sub-$17.00 marks a low if it closes here.

Delta Petroleum (DPTR) may not be a 52-week low close but that was intraday.

Eagle Test Systems Inc. (EGLT) is on that seems to keep hitting the list of late.

Franklin Electric Co., Inc., (FELE)…groundwater and fuel pumping systems… isn’t that supposed to be a hot area???

St. Joe Co. (JOE)…. would you expect anything else from a company that builds small communities and transplant-a-marsh to a town player in this housing and loan environment???

Kellwood (KWD) isn’t selling enough men’s and women’s sportwear?

Neurocham (NRMX)… today’s biotech implosion

Restoration Hardware Inc. (RSTO)… needs to restore itself maybe.  Too bad, because it’s a neat shop.  If houses aren’t selling and if money gets tight, this one can easily be avoided.

Jon C. Ogg
August 27, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 27, 2007 – 3:00 pm in HI/LOW, , , , , , , , , ,