Posts for Ticker ‘MF’

The 52-Week Low Club (PDGI)(PRXL)(LVS)(USG)(MF)(CVG)

Sad_clownConvergys (CVG) Posts a loss and weak forecast. Drops to $6.82 from 52-week high of $19.18.

MF Global (MF) No major news. Drops to $1.93 from 52-week high of $32.20.

USG Corporation (USG) May have violated lending agreement. Falls to $14.23 from 52-week high of $40.25.

Las Vegas Sands (LVS) Casino stocks out of vogue. Sells down to $4.32 from 52-week high of $148.76.

PAREXEL International (PRXL) Revenue shortfall. Plummets to $6.84 from 52-week high of $36.16.

Pharmanet (PDGI) No news. Sells off to $1 from 52-week high of $43.02.

Douglas A. McIntyre

Posted on: October 28, 2008 – 3:01 pm in HI/LOW, , , , , ,

Top 10 Pre-Market Analyst Calls (AGO, BRCM, CMI, IBM, JCP, MBI, MF, MOT, NOV, VISN)

These are ten of the analyst calls we are focusing on this Monday morning in the early pre-market trading hours:
Assured Guaranty Ltd. (NYSE: AGO) started as Buy at UBS.
Broadcom (NASDAQ: BRCM) started as Neutral at Robert W. Baird.
Cummins (NYSE: CMI) Raised to Buy from Sell at UBS.
IBM (NYSE: IBM) raised to Outperform at BMO Capital Markets.
JC Penney (NYSE: JCP) raised to Buy at Deutsche Bank.
MBIA (NYSE: MBI) Started as Neutral at UBS.
MF Global (NYSE: MF) Cut To Mkt Perform at KBW.
Motorola (NYSE: MOT) cut to Sell at Piper Jaffray.
Natl Oilwell Varco (NYSE: NOV) raised to Market Perform at RBC Capital Markets.
VisionChina Media (NASDAQ: VISN) raised to Outperform at Oppenheimer.
Jon C. Ogg
June 23, 2008

Posted on: June 23, 2008 – 6:31 am in Analyst Calls, , , , , , , , , ,

The 52-Week Low Club (BSC)(LEH)(C)(MER)

Bear Stearns (BSC) For those not on the planet today, firm was bought out by JP Morgan (JPM). Shares fall to $2.84 from 52-week high of $159.36.

Lehman Brothers (LEH) Fall out from banking system problems. Drops to $20.25 from 52-week high $82.05.

National City (NCC) Bank was downgraded. Has mortgage and commericial loan exposure. Sells down to $6.66 from 52-week high of $38.32.

MFGlobal (MF) Rumors about liquidity problems takes shares down to $3.64 from 52-week high of $32.20.

CIT (CIT) Worries about its credit quality bury it at $9.55 down from 52-week high of $61.47.

Citigroup( (C) drops to $17.99 from 52-week high of $55.55.

Merrill Lynch (MER) down to $37.25 from 52-week high of $85.

Force Protection (FRPT) Losing business to rivals and will delay 10-K. Down to $1.03 from $30.

GFI Group (GFIG) The inter-dealer broker is pulled down by concerns in the sector. Down to $32.66 from 52-week high of $103.16.

Blackstone (BX) Private equity group down to $13.40 from 52-week high of $38.

Douglas A. McIntyre

Posted on: March 17, 2008 – 2:55 pm in HI/LOW, , , , , , , ,

The 52-Week Low Club (FMT)(RHD)(S)(JRC)(LLNW)(IACI)

Fremont General (FMT) Threatens more write-downs. Falls to $.73 from 52-week high of $13.80.

R H Donnelley  (RHD) Downgrades after poor earnings. Hits bottom of $6.26 from 52-week high of $84.49.

MF Global (MF) Still falling after trading loss. Drops to $14 down from 52-week high of $32.20.

Sprint Nextel (S) Still being punished for earnings. Falls to $7.08 from 52-week high of $23.42.

Journal Register (JRC) Newspaper company. Falls to $.78 from 52-week high of $7.23.

Limelight Networks (LLNW) Loses patent suit. Sells off to $3.82 from 52-week high of $24.33.

IAC Interactive (IACI) Underperforming e-commerce company. Drops to $19.76 from 52-week high of $39.06.

Douglas A. McIntyre

Posted on: February 29, 2008 – 4:13 pm in HI/LOW, , , , , , ,

Top 10 Pre-Market Analyst Calls (AIG, TRAK, DECK, ETR, ITLN, MF, PFE, QSFT, REP, RHD)

These are not the only analyst calls affecting shares of stock this morning, but these are the initial calls that 247WallSt.com is focusing on:

  • AIG (NYSE: AIG) cut to Market Perform at KBW.
  • DealerTrack (NASDAQ: TRAK) raised to Outperform at JP Morgan.
  • Deckers Outdoor (NASDAQ: DECK) raised to Outperform at RBC Capital Markets.
  • Entergy (NYSE: ETR) raised to Buy at UBS.
  • Intellon (NASDAQ: ITLN) started as Outperform at Oppenheimer.
  • MF Global (NYSE: MF) downgraded to Equal-Weight at Lehman; downgraded to Neutral at Credit Suisse.
  • Pfizer (NYSE: PFE) raised to Equal-Weight at Lehman.
  • Quest Software (NASDAQ:    QSFT) raised to Outperform at Credit Suisse.
  • Repsol S.A. (NYSE: REP) raised to Buy at UBS.
  • R.H. Donnelley (NYSE:RHD) downgraded to Peer Perform at Bear Stearns, downgraded to Sell at Deutsche Bank.

Jon C. Ogg
February 29, 2008

Posted on: February 29, 2008 – 7:23 am in Analyst Calls, , , , , , , , , ,

MF Global (MF): The Hurt That Keeps On Giving

The markets hated MF Global (MF) before it went public, And Wall St. hates it more now.

Putting a derivatives broker IPO into a market that is running from derivatives won’t get the company or the underwriters the annual Albert Einstein Genius Award.

So, the shares were to go out at $36. That was cut to $30. And, today the stock trades at $26.20.

The FT gives a good reason for why the pricing was flawed from the start. "At the upper end, $39, the implied 2007 price/earnings multiple of 30 times put MF’s rating closer to that of futures exchanges. MF faces a more competitive environment than the latter." A rational market took that down, and an irrational market is taking it down further.

Perhaps the most important point about the IPO is that Man Group, the hedge fund based in the UK, that was spinning off part of its ownership in MF could have waited. It did not need the money for operating expenses.

Instead, a group of investors lost some real cash.

Douglas A. McIntyre

Posted on: July 20, 2007 – 9:40 am in Uncategorized,