Posts for Ticker ‘MAC’

Key Secondary Offerings (BEXP, MAC, MI, NARA, WTNY, EURX)

Money ImageWe have many key secondary offerings on deck today.  Brigham Exploration (NASDAQ: BEXP), Macerich Co. (NYSE: MAC), Marshall & Ilsley (NYSE: MI), Nara Bancorp (NASDAQ: NARA), and Whitney Holding (NASDAQ: WTNY) all priced secondary offerings.  Eurand NV (NASDAQ: EURX) is also on deck with a secondary offering, but no formal pricing has yet been seen.
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Posted on: October 22, 2009 – 9:28 am in Banking, Secondary Offering, , , , , ,

52-Week Low Club (ADG, BTI, ESRX, MAC, INDM)

burning-money-pic37The rally has been large enough that even with a sell-off of this magnitude we saw very few stocks on 52-week lows.  Here are the ones hitting new 52-week lows today:

Allied Defense Group Inc. (ADG) hit a low on an intra-day basis, but it was a strange trade that came right back; could even be a trade break.  Low print was $3.82; close at $4.07; prior range was $3.95 to $8.35.

British American Tobacco plc (NYSE: BTI) fell 3.5% to $43.77; prior 52-week range was $44.96 to $80.65.  Do the Brits not smoke more in a recession? Jolly!

Express Scripts Inc. (NASDAQ: ESRX) down 4.5% at $44.09, low was $44.40 and high was $77.97.  When PBM’s do poorly…

Macerich Co. (NYSE: MAC) fell almost 8% to $5.81 but was as low as $5.64; prior trading range was $5.80 to $76.50.  Ouch, 90% off for the REIT.

United America Indemnity, Ltd (NASDAQ: INDM) down 8% at $3.82; prior range $3.92 to $20.22.

JON C. OGG
March 27, 2009

Posted on: March 27, 2009 – 3:06 pm in HI/LOW, , , , ,

52-Week Low Club (AYE, AXL, APL, AUO, CHB, CMLS, GAP, MAC, MIR, RRI, SGLP, SWY, VRTU)

52_week_low_image_2Its Friday, and despite a fairly stable market today there were of course many 52-week lows.  Some look like a mid-city explosion from news, and some are just the normal selling.  As a reminder, some of these stocks are not under the 52-week lows at the time this published but these would have hit prior 52-week lows or traded under them on an intra-day basis. 

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Posted on: July 18, 2008 – 2:29 pm in HI/LOW, , , , , , , , , , , , ,

Top Analyst Downgrades (BBY, KO, EBAY, GILD, IGT, MAC, SUN, TSO, VRTU)

These are not all of the Downgrades or negative analyst calls seen this morning but these are some of the top calls seen this Friday morning:

  • Best Buy (NYSE: BBY) Cut to Outperform from Top Pick at RBC Capital.
  • Coca Cola (NYSE: KO) removed from Goldman Sachs Conviction Buy List.
  • EBay (NASDAQ: EBAY) Cut to Neutral from Buy at Goldman Sachs.
  • Gilead Sciences (NASDAQ: GILD) Cut to Hold from Buy at Jefferies.
  • International Game Technology (NYSE: IGT) Cut to Hold from Buy at Citigroup; Cut to Perform at Oppenheimer.
  • Macerich (NYSE: MAC) Cut To Neutral From Buy By Goldman Sachs
  • Sunoco (NYSE: SUN) and Tesoro (NYSE: TSO) Cut to Market Perform from Outperform at Bernstein.
  • Virtusa (NASDAQ: VRTU) Cut to Neutral from Overweight at JPMorgan.

Jon C. Ogg
July 18, 2008

Posted on: July 18, 2008 – 6:46 am in Analyst Calls, , , , , , , , ,

VMware’s Magic Is Becoming Wizardry (VMW, EMC)

VMware Inc. (NYSE:VMW) shares managed to cross the century mark of $100.00 on Tuesday.  This has been an unbelievable stock with a premium IPO pricing at $29.00 (under our projected IPO price target) and the stock never seeing a sub-$50.00 print.  Shares even managed to trade over 5.8 million shares on Tuesday’s 6.8% gain to its highest post-IPO close of $101.61, making this the busiest trading day in the stock since September 12.

There is no doubt that this one is a beneficiary of ongoing window dressing and the tech-markup with the other key tech stocks outlined as we enter the end of the year for many fund managers in October.  But even with what we labeled as the "VMWARE CONUNDRUM" because of a low float exaggerating it’s price moves, money managers’ and traders’ demand for stock in the virtualization king seems tireless.

There is no doubt that the company is the leader in virtualization and there is no doubt that the company wants to exceed its targets and will do whatever it can to beat targets.  It has already made itself an acquirer and will likely do so at each new virtualization conference it attends.  But at a closing price of $101.61 what does this stock look like in valuation?

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Posted on: October 10, 2007 – 3:45 am in Software, , , , , , ,

What We Expect From Apple Today (AAPL, MSFT, CREAF)

Apple Inc. (NASDAQ:AAPL) is trading up marginally ahead of the technology analyst and press conference in San Francisco, but the stock is currently back within about $4.50 of its all-time highs.  What is being pushed around all over Wall Street and Main Street alike is a new revamped and souped up iPod.

We’ve already gotten the iPhone, we’ve already seen new PC announcements, we’ve already been given the delayed launch date of the Leopard operating system, and we are still viewing the TV initiative as a hobby as Steve Jobs called it himself.  Unless Apple is going to shock the you know what out of everyone with a new unknown and undiscovered product, this iPod revamp makes more than perfect sense.  Consumers want it too.

Back in April, Apple said it had sold its 100-millionth iPod.  This goal is probably to hit 200 million units if it wants to keep driving the stock.  We think this may be more of an iPhone-esque iPod, but without the phone.  So we’d be looking for more touch screen and hopefully some more Wi-Fi features.  We’ll know in a few hours.  Here is what some of our tech friends are saying around the web today:

Business 2.0: wide-screen, touch-sensitive iPod, iPod nano with a larger screen, iPod Shuffle with more memory for the same price….

Engadget: Rick Rubin proclaims "the iPod will be obsolete"
Apple to unleash "The Circle" concept tomorrow?

Newsday.com: What’s coming next from Apple?

CNET: "The iPod is growing up: If Apple really is putting a version of Mac OS X in a new iPod, presumably it has more in mind than showing high-quality reruns of The Hills."

Think Secret: Touch-screen iPod to take center stage

San Francisco Chronicle: What news awaits the Apple faithful?
Speculation centers on redesigned iPods, expanded content offerings on iTunes

After the recent Zune price cuts, you have to wonder if Microsoft (NASDAQ:MSFT) is holding on to this space with looser hands and maybe just as a hobby.  And as far as Creative Tech (NASDAQ:CREAF), everyone now only asks "Who?".

Jon C. Ogg
September 5, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the Special Situation Investing Newsletter and he does not own securities in the companies he covers.

Posted on: September 5, 2007 – 8:49 am in Consumer Electronics, , , , , , , , , ,

Dell Increasing Virtualization (DELL, MSFT, APPL, EMC, VMW)

Dell (NASDAQ:DELL) is apparently boosting PC offerings with Linux and is going after more virtualization.  The company released some data that it will have PC’s that run multiple versions of Microsoft’s (NASDAQ:MSFT) Windows and Linux simultaneously.  It is already selling PC’s with the Ubuntu Linux system on it.  This came out of the LinuxWorld conference.

Dell is working with the VMware (NYSE:VMW; t.b.a.) unit of EMC Corp. (NYSE:EMC) for virtualization, along with other partners.  Everyone is getting into the virtualization game it seems.  Imagine when Apple (NASDAQ:AAPL) offers out its operating systems to PC-makers, rather than just Macs allowing virtualization with other PC’s.

PC companies in the past had not been too crazy about virtualization.  But now they either really want to offer virtualization or they just will have to offer it.  With the new dual-core and quad-core processors (and the even greater multi-core offerings down the road) and perpetually lower DRAM costs, this is going to become easier and easier and cheaper and cheaper to offer.  Virtualization is coming on strong, like it or not.

Jon C. Ogg
August 8, 2007

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

Posted on: August 8, 2007 – 7:10 am in PC Companies, Software, , , , , , , , , ,

VMware Virtualizing Windows, Linux…And Now Mac (EMC, VMW, AAPL)

VMware, the soon-to-be partial IPO and partial spin-off out of EMC Corp (NYSE:EMC), has announced the general availability of VMware Fusion.  This will now allow Mac users to run Mac OS X, Windows, and other PC-based apps on a single Mac.  The suggested box retail price is $79.99.

Interestingly enough, it isn’t on sale throughout the entire distribution chain yet.  VMware Fusion is now available online at vmware.com/mac, the Apple Store (apple.com), Amazon.com, Buy.com, Fry’s (frys.com), Microcenter (microcenter.com) and CompUSA (compusa.com). The software will soon be available at Apple’s retail stores and other authorized retailers worldwide.

The software allows Mac users to run both 32- and 64-bit operating systems, leveraging two processor cores at the same time and using a wide variety of USB 2.0 devices. VMware Fusion is also the only Mac virtualization software available today to provide full support for more than 60 operating systems and complete power management capabilities to safeguard virtual machines when laptops are running out of battery.  There have been more than 250,000 downloads of VMware Fusion since the beta became available in December 2006.

Apple (NASDAQ:AAPL) has to be happy about this being available ahead of the new OS launch later this year.  The company has unbelievable upside to market share gains in computer sales, and the more and more that can ‘ease the PC to Mac transition’ can really help Apple out.  If this works incredibly well, this could even migrate more of the business consumer away from "Windows-only" PC environments.  It is still too soon to make that prediction, but it will be interesting to see if this can start bumping those impressive numbers up even more.

Jon C. Ogg
August 6, 2007

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

Posted on: August 6, 2007 – 7:37 am in IPOs, PC Companies, Software, , , , , , , ,