Posts for Ticker ‘FCX’

Top 10 Analyst Upgrades and Downgrades (AKAM, BX, D, FCX, GS, NFLX, PAYX, SPLS, SLB, VALE)

These are ten of the top research calls we have seen in the form of upgrades, downgrades, and initiations from Wall Street analysts this Wednesday morning:

Akamai Technologies Inc. (NYSE: AKAM) Raised to Buy at Merriman Curhan Ford.
The Blackstone Group (NYSE: BX) Raised to Outperform at Oppenheimer.
Dominion Resources, Inc. (NYSE: D) Started as Perform at Oppenheimer.
Freeport-McMoRan Copper (NYSE: FCX) Raised to Outperform at RBC.
Goldman Sachs Group Inc. (NYSE: GS) Estimates cut by Dick Bove of Rochdale.
Netflix Inc. (NASDAQ: NFLX) Cut to Underperform at BofA/Merrill Lynch; Cut to Hold at Kaufman Bros; Cut to Neutral at Susquehanna.
Paychex Inc. (NASDAQ: PAYX) Raised to Neutral at Janney Montgomery Scott.
Staples Inc. (NASDAQ: SPLS) Cut to Neutral at Goldman Sachs.
Schlumberger (NYSE: SLB) Raised to Positive at Susquehanna.
Vale SA (NYSE: VALE) Raised to Outperform at RBC.

You can join our free daily email distribution list to hear more about dividend trends, analyst upgrades and downgrades, top day trader and active trader alerts, news on Buffett and other investment gurus, IPOs, secondary offerings, private equity, and more.

JON C. OGG

Posted on: March 3, 2010 – 8:10 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades and Downgrades (AMD, AA, AXP, APC, COF, DFS, XOM, FCX, MA, Q, SCHN, PCU, V)

These are this Tuesday’s top analyst upgrades, downgrades, and initiations seen in early all Street research calls:

Advanced Micro Devices (NYSE: AMD) Cut to Conviction Sell at Goldman Sachs.
Alcoa Inc. (NYSE: AA) Raised to Buy at UBS.
American Express (NYSE: AXP) Raised to Buy at BofA/Merrill Lynch.
Anadarko Petroleum (NYSE: APC) Raised to Buy at Lazard Capital.
Capital One Financial (NYSE: COF) Raised to Buy at BofA/Merrill Lynch.
Discover Financial (NYSE: DFS) Raised to Buy at BofA/Merrill Lynch.
ExxonMobil Corp. (NYSE: XOM) Raised to Buy at BofA/Merrill Lynch.
Freeport-McMoRan (NYSE: FCX) Raised to Buy at Citigroup.
Mastercard (NYSE: MA) Started as Outperform at Bernstein.
Qwest Communications (NYSE: Q) Raised to Overweight at Piper Jaffray; Maintained Sell but removed from Conviction Sell at Goldman Sachs.
Schnitzer Steel (NASDAQ: SCHN) Raised to Buy at UBS.
Southern Copper Corp. (NYSE: PCU) Raised to Buy at Citigroup.
Visa Inc. (NYSE: V) Started as Outperform at Bernstein.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG
FEBRUARY 2, 2010

Posted on: February 2, 2010 – 8:35 am in Analyst Calls, , , , , , , , , , , , ,

Top Analyst Upgrades & Downgrades (APA, JPM, JCOM, FCX, PLD, RTP, SLB, SCR, SLM, TXN, UNH, X, ZMH)

These are this morning’s top analyst upgrades, downgrades, and initiations seen from Wall Street research calls:

Apache Corp. (NYSE: APA) Started as Sector Underperform at Scotia.
JPMorgan Chase & Co. (NYSE: JPM) Raised to Buy at Citigroup.
j2 Global Communications (NASDAQ: JCOM) Raised to Outperform at Morgan Keegan.
Freeport McMoRan (NYSE: FCX) Cut to Neutral from buy at Goldman Sachs.
ProLogis (NYSE: PLD) Cut to Underperform at Wells Fargo.
Rio Tinto (NYSE: RTP) Raised to Overweight from Neutral at HSBC.
Schlumberger Ltd. (NYSE: SLB) Raised to Buy at Calyon.
Simcere Pharmaceutical Group (NYSE: SCR) Cut to Perform at Oppenheimer.
SLM Corp. (NYSE: SLM) Cut to Neutral at Ladenberg Thalmann.
Texas Instruments (NYSE: TXN) Raised estimates but Maintained Sell at Auriga.
UnitedHealth Group (NYSE: UNH) Raised to Conviction Buy List at Goldman Sachs.
United States Steel (NYSE: X) Cut to Buy from Conviction Buy at Goldman Sachs.
Zimmer Holdings (NYSE: ZMH) Started as Buy at Jefferies.

You are invited to join our free daily email distribution list to hear about top analyst upgrades and downgrades, IPOs and secondary offerings, ongoing day trader and options trader alerts, stock and market rumors, Buffett and guru investor news, M&A and more.

JON C. OGG

Posted on: January 22, 2010 – 8:30 am in Analyst Calls, , , , , , , , , , , , ,

Jim Cramer’s Gold Stocks For 2010 (GLD, FCX, EGO, GDXJ)

Jim Cramer continued on his theme stock picks for 2010 on CNBC’s MAD MONEY tonight.  We have already heard Cramer’s theme picks for homeland security, technology, ADRs, and for energy shortages.  Tonight Cramer’s picks were around gold in his “going for the gold” theme for 2010.  Cramer said gold was up 24% last year and thinks it has not finished going higher.  His picks tonight for the shiny yellow stuff are the SPDR Gold Shares (NYSE: GLD) ETF, and then in miners he likes Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) and Eldorado Gold Corp. (NYSE: EGO).  Cramer even addressed the new small-cap Market Vectors Junior Gold Miners (NYSE: GDXJ) ETF for exposure.  A brief explanation of each and his more general reasoning is below.
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Posted on: January 8, 2010 – 6:50 pm in Commodities, Cramer, Luxury, Metals, , , ,

Top 10 Analyst Upgrades, Downgrades, Initiations (ANF, AGAM, BIDU, DE, GENZ, HBC, SVA, USB, X, FCX)

These are this morning’s top pre-market analyst upgrades, downgrades, and initiations seen in Wall Street research calls:

Abercrombie & Fitch (ANF) Raised to Outperform at FBR.

AGA Medical (AGAM) Started as Buy at Citigroup; Started as Market Perform at Wells Fargo; Started as Buy at Deutsche Bank.

Baidu, Inc. (BIDU) Cut to Market Perform at Bernstein.
Deere & Co. (DE) Raised to Neutral at JPMorgan.
Genzyme (GENZ) Raised to Buy at Citigroup.
HSBC Holdings plc (HBC) Raised to Buy at BofA Merrill Lynch; Started as Outperform at FBR.
Sinovac Biotech Ltd. (SVA) Reiterated Overweight at Piper Jaffray.
US BAncorp (USB) Raised to Outperform at Baird.
US Steel (X) Raised to Conviction Buy List at Goldman Sachs; replaces Freeport McMoRan (FCX).

You can join our open email distribution list to receive daily emails with analyst upgrades and downgrades, top day trader alerts, market rumors, merger activity, IPOs and secondary offerings, Warren Buffett and guru activity and more.

JON C. OGG

Posted on: November 30, 2009 – 7:51 am in Analyst Calls, Trading Alert, , , , , , , , , ,

Top 10 Analyst Upgrades, Downgrades, Initiations (CHK, EOG, FFIV, FCX, MOT, NVLS, SAP, STJ, STM, TSCO)

These are this Thursday morning’s top ten analyst upgrades, downgrades, and initiations we have seen from Wall Street research calls:

Chesapeake Energy (NYSE: CHK) Cut to Neutral at UBS.
EOG Resources (NYSE: EOG) Cut to Neutral at UBS.
F5 Networks (NASDAQ: FFIV) Raised to Neutral at UBS; Raised to Buy at Canaccord Adams.
Freeport McMoRan (NYSE: FCX) Raised to Buy at Deutsche Bank.
Motorola (NYSE: MOT) Raised to Overweight at Thomas Weisel.
Novellus Systems (NASDAQ: NVLS) Raised to Hold at Deutsche Bank.
SAP AG (NYSE: SAP) Cut to Neutral from Buy at Bank of America Merrill Lynch.
St. Jude Medical (NYSE: STJ) Raised to Buy at UBS.
STMicroelectronics NV (NYSE: STM) Cut to Sell at RBS.
Tractor Supply Co. (NASDAQ: TSCO) Cut to Underweight at Piper Jaffray.

You can join our open email distribution list to get updates on top analyst upgrades and downgrades, top day trader alerts, IPO’s, secondary offerings, Warren Buffett and other guru activity, M&A and more.

JON C. OGG
OCTOBER 22, 2009

Posted on: October 22, 2009 – 8:13 am in Analyst Calls, , , , , , , , , ,

Next Week’s Top 10 Earnings on Deck (AAPL, UNH, YHOO, FCX, WFC, T, MCD, POT, MSFT, SLB)

NYSE Floor ImageWe have almost an endless wave of corporate earnings for the calendar Q3-2009 coming out next week.  We have what looks to be over 100 of the S&P 500 Index members reporting and what appears to be 12 current or ex-DJIA components reporting earnings as well.  Coming up with a Top 10 is almost unfair, but this coming week’s top ten earnings we will be focusing on are as follows: Apple Inc. (NASDAQ: AAPL), UnitedHealth Group Inc. (NYSE: UNH), Yahoo! Inc. (NASDAQ: YHOO), Freeport-McMoRan Copper & Gold (NYSE: FCX), Wells Fargo & Company (NYSE: WFC), AT&T Inc. (NYSE: T), McDonald’s Corporation (NYSE: MCD), Potash Corporation of Saskatchewan Inc. (NYSE: POT), Microsoft Corporation (NASDAQ: MSFT), and Schlumberger Limited (NYSE: SLB).

We screened out the companies whose destiny has already been set by competitor earnings from this last week and screened out the ones which will have no real broad impact but are still widely held and actively traded. Lastly, we screened out the drug and medical companies as we are featuring those in their own group at BioHealthInvestor.com.  A more detailed estimate count from Thomson Reuters has been provided, along with data showing performance from the March 9 close and the June 30 closing date along with other pertinent information on each stock.
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Posted on: October 16, 2009 – 1:12 pm in Calendar, Earnings, Editor's Picks, Internet, Large Cap Stocks, Technology Companies, , , , , , , , , ,

Unusual Options Trading Screens (EK, ETFC, ODP, ARNA, FCX, S, FORM, POT)

It is the weekend, and that means that our end-of-week screen for unusual options trading activity is complete.  Of course expiration date throws a wrench in any screens, but we found some very unusual options trading in others not tied to options expiration and roll-out trades.  We have provided a link through to each for more color and analysis on the specific options and stock moves at VSInvestor.com:

Eastman Kodak Co. (NYSE: EK) tanked on high stock volume from the KKR deal this week. But the real impressive area was the unusual options trading.

E*TRADE Financial Corporation (NASDAQ: ETFC) is under $2.00, yet options trading is looking very active.  Here we gave price triggers to watch out for as possible resistance, if you can use such a thing on a $2.00 stock.

Office Depot, Inc. (NYSE: ODP) is very rare to see on the unusual stock options list, yet there it was. The big trade was out to January.

Arena Pharmaceuticals, Inc. (NASDAQ: ARNA) was not just impressive.  It was a huge winner since it was down and then closed up and saw high options and stock trading.  This will be a key watch-list stock for traders this coming week. The options trading may have been a roll-out.

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) very active compared to normal volume in options trading, yet not in the stock volume… $1,000 gold is the likely trigger.

Sprint Nextel Corp. (NYSE: S) was very active in stocks and in options, probably a continued bet that management and operations may need to learn to speak German….

FormFactor Inc. (NASDAQ: FORM) may be a hedge or income trade of some sort, but this is a very odd pattern by any measure.

Potash Corp. of Saskatchewan, Inc. (NYSE: POT) saw a bullish bias in the options roll as September-2009 contracts expired.

Enjoy the rest of your weekend.  You can join our open email distribution list which goes out several times per week for top day trader alerts, options screens, analyst upgrades and downgrades, IPO’s, key secondary offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: September 19, 2009 – 10:33 am in Options, Trading Alert, , , , , , , ,

Top 10 Analyst Upgrades and Downgrades (APD, CHTT, CTXS, FCX, PLAB, QCOM, SAP, PCU, STM, HOT)

These are the top ten pre-market analyst upgrades, downgrades, and initiations we have seen from Wall Street analysts this Wednesday morning with about two and a half hours until the market opens:

  • Air Products (APD) Raised to Buy at KeyBanc.
  • Chattem (CHTT) Cut to Hold at Jefferies.
  • Citrix Systems (CTXS) Cut to Perform at Oppenheimer.
  • Freeport-McMoRan (FCX) Raised to Buy at Citigroup.
  • Photronics (PLAB) Raised to Buy at UBS.
  • Qualcomm (QCOM) Started as Outperform at Morgan Keegan.
  • SAP (SAP) Raised to Buy at Jefferies.
  • Southern Copper (PCU) Raised to Hold at Citigroup.
  • STMicro (STM) Raised to Buy at BofA/Merrill.
  • Starwood Hotels (HOT) Cut to Underperform at Baird.

JON C. OGG
JULY 8, 2009

Posted on: July 8, 2009 – 6:16 am in Analyst Calls, , , , , , , , , ,

Top 10 Analyst Upgrades and Downgrades (ADTN, ADS, BA, LFC, DB, EMC, FCX, FSYS, WFR, RVBD)

These are the top ten analyst calls of upgrades, downgrades, and initiations we have seen from Wall Street early this Wednesday morning with more than two hours until the market opens:

  • ADTRAN (ADTN) Started as Buy at Auriga.
  • Alliance Data (ADS) Cut to Neutral at JPMorgan.
  • Boeing (BA) Cut to Underperform at Oppenheimer.
  • China Life Insurance Co. Ltd. (LFC) Cut to Neutral at Goldman Sachs.
  • Deutsche Bank (DB) Raised to Hold from Sell at Citigroup.
  • EMC Corp. (EMC) Raised to Overweight at Barclays.
  • Freeport-McMoRan Copper & Gold Inc. (FCX) Raised to Outperform at FBR.
  • Fuel Systems Solutions (FSYS) Raised to Buy at Janney Montgomery Scott.
  • MEMC (WFR) Cut to Underweight at JPMorgan.
  • Riverbed Technology (RVBD) Started as Market Perform at FBR.

Jon C. Ogg
June 24, 2009

Posted on: June 24, 2009 – 6:25 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades (CSIQ, EXPE, FCX, JNPR, K, LNC, OWW, TLEO, THS)

These are some of the top analyst upgrades and positive research calls which we have seen from Wall Street early this Thursday morning:

Canadian Solar (CSIQ) Raised to Outperform at Oppenheimer.
Expedia (EXPE) Started as Buy at Soleil.
Freeport-McMoRan (FCX) Raised to Overweight at JPMorgan.
Juniper Networks (JNPR) Raised to Overweight at Barclays.
Kellogg (K) Started as Outperform at RBC.
Lincoln National (LNC) Raised to Buy at UBS.
Orbitz Worldwide (OWW) Started as Buy at Soleil.
Taleo (TLEO) Started as Buy at Jefferies.
Treehouse Foods (THS) Started as Outperform at William Blair.

JON C. OGG

Posted on: May 21, 2009 – 6:42 am in Analyst Calls, , , , , , , , ,

Mining Earnings Plummet (FCX, ABX, GG)

burning-money-pic21Now this is what really bad news looks like. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) reported first quarter 2009 EPS of $0.11 on net income of $43 million, compared with EPS of $2.64 and net income of $1.1 billion in the first quarter a year ago. Revenue was $2.6 billion, compared with $5.67 billion in 2008.

Analysts weren’t expecting much, and they got even less. Thomson Reuters’ estimates averaged $0.13, and revenue estimates averaged $2.69 billion. Operating income for the quarter totaled $672 million, against $2.4 billion a year ago. Expectations for Barrick Gold Corp. (NYSE:ABX), which reports next week, and Goldcorp Inc. (NYSE:GG), which reports the week after that, are not much better.
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Posted on: April 22, 2009 – 8:09 am in Commodities, Earnings, Metals, , ,

Newmont Divesting Indonesian Mining Interest (NEM, FCX, CVX)

gold-image3A ruling by an international arbitration court will lead to the divestiture by Newmont Mining Corp. (NYSE:NEM) of a portion of the company’s stake in an Indonesian mining firm. Newmont has 180 days to transfer the shares to the Indonesian government. Newmont owns 45% of the Indonesian firm, called Newmont Nusa Tenggara (NNT).
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Posted on: April 1, 2009 – 9:53 am in Mergers and Buy Outs, Metals, , ,

Top Analyst Downgrades (ACN, FCX, MBRX, NXY, PFG, RBA)

These are some of the top analyst downgrades or cautious research calls we have seen this Tuesday morning before the market opens:

Accenture (ACN) Cut to Hold at Argus.
Freeport-McMoRan (FCX) Cut to Sell at Deutsche Bank.
Metabasis (MBRX) Cut to Perform at Oppenheimer.
Nexen (NXY) Cut to Market Perform at Raymond James.
Principal Financial (PFG) Cut to Underperform at FBR.
Ritchie Brothers (RBA) Cut to Market Perform at Raymond James.

JON C. OGG

Posted on: March 31, 2009 – 7:12 am in Analyst Calls, , , , , ,

Top Pre-Market Analyst Upgrades (BBY, CB, DVA, DFT, FCX, FMS, MWE, MCHP, WFT)

Money_stack_picThese are some of the top per-market analyst upgrades and positive calls we are seeing from Wall Street this Thursday morning:

  • Best Buy (BBY) Raised to Overweight at Barclays.
  • Chubb (CB) Raised to Buy at Bank of America-Merrill Lynch.
  • DaVita (DVA) Started as Outperform at RBC.
  • Dupont Fabros Tech (DFT) Raised to Buy at UBS.
  • Freeport McMorRan (FCX) Raised to Hold at Canccord.
  • Fresenius Medical (FMS) Started as Outperform at RBC.
  • MarkWest Energy (MWE) Raised to Outperform at Morgan Keegan.
  • Microchip Tech (MCHP) Raised to Overweight at Barclays.
  • Weatherford (WFT) Raised to Overweight at JPMorgan.

Jon C. Ogg
January 29, 2009

Posted on: January 29, 2009 – 7:48 am in Analyst Calls, , , , , , , , ,

Freeport-McMoRan Wins By Losing (FCX)

Copper and gold miner Freeport-McMoRan Copper and Gold Inc. (NYSE:FCX) reported a net loss of $13.9 billion for the fourth quarter of 2008, a whopping -$36.78 EPS. But wait, there’s more: the company’s net income after special items totaling $14 billion, is actually $23 million, or a positive EPS of $0.06. Analysts had been expecting an EPS loss of -$1.16, so depending on your perspective, Freeport’s report was either very bad news or surprisingly good news.

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Posted on: January 27, 2009 – 9:22 am in Earnings, Metals,

Top Pre-Market Analyst Downgrades (APD, AA, CENX, CERN, BOOM, ECLP, EE, FCX, K, LOGI, WYE)

Burning_money_picThese are some of the top pre-market analyst downgrades we have seen this Thursday morning with more than two hours until the market opens:

  • Air Products (APD) Cut to Hold at KeyBanc.
  • Alcoa (AA) Cut to Equal Weight at Morgan Stanley.
  • Century Aluminum (CENX) Cut to Equal Weight at Morgan Stanley.
  • Cerner (CERN) Cut to Hold at Jefferies; Cut to Perform at Oppenheimer.
  • Dynamic Materials (BOOM) Cut to Hold at KeyBanc.
  • Eclipsys (ECLP) Cut to Underperform at Jefferies.
  • El Paso Electric (EE) Cut to Hold at Jefferies.
  • Freeport-McMoRan Copper & Gold Inc. (FCX) Cut to Equal Weight at Morgan Stanley; Cut to Underperform at FBR.
  • Kellogg (K) Cut to Hold at Citigroup.
  • Logitech (LOGI) Cut to Sell at Citigroup.
  • Wyeth (WYE) Cut to Neutral at UBS.

Jon C. Ogg
January 22, 2009

Posted on: January 22, 2009 – 7:34 am in Analyst Calls, , , , , , , , , , ,

Cramer’s Week of Shotgun Merger Proposals (RTP, AA, BHP, FCX, ITW, MTW, NKE, UA, PFE, AGN)

Cramer_imageJim Cramer came on CNBC’s MAD MONEY this week with several ideas for shotgun  marriage merger proposals he wanted to throw out there where he was calling for more mergers from the cash rich companies. 

Cramer’s Friday evening picks may have gotten some interest last year or even earlier this year, but these involve two companies which have already had their fair share of merger issues and non-events this year on top of the commodity bubble bursting.  Cramer believes that Rio Tinto (NYSE: RTP) should buy Alcoa (NYSE: AA) before the antitrust powers are able to actually block mergers.  Cramer also thinks BHP Billiton (NYSE: BHP) should go buy Freeport-McMoRan (NYSE: FCX) now that the forced selling has taken the stock down to $16.00 to take over the copper and minerals mining giant.

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Posted on: December 5, 2008 – 6:52 pm in Cramer, Mergers and Buy Outs, , , , , , , , , ,

Top Pre-Market Analyst Downgrades (ANF, ATVI, AA, CB, DELL, ERTS, FCX, MTL, STP)

These are the top research downgrades and negative analyst calls we are seeing this Monday morning with more than two hours to the open:

  • Abercrombie & Fitch (ANF) Cut to Market Perform at FBR.
  • Activision Blizzard (ATVI) Cut to Neutral at Merrill Lynch.
  • Alcoa (AA) Cut to Neutral at UBS.
  • Chubb (CB) Cut to Equal Weight at Barclays.
  • Dell (DELL) Cut to Neutral at Merrill Lynch.
  • Electronic Arts (ERTS) Cut to Neutral at Merrill Lynch.
  • Freeport-McMoRan (FCX) Cut to Neutral at JPMorgan.
  • Mechel Steel (MTL) Cut to Sell at Citigroup.
  • Suntech Power (STP) Cut to Underweight at JPMorgan.

Jon C. Ogg
November 17, 2008

Posted on: November 17, 2008 – 7:35 am in Analyst Calls, , , , , , , , ,

Early Bird Analyst Downgrades (ADCT, ACL, AMMD, BGH, CNB, CNW, ERTS, FCX, NAT, OSG, PCU, STM)

Down_arrow_redThese are some of the top analyst downgrades we are seeing from Wall Street firms this Thursday morning with more than two hours to the open:

  • ADC Telecommunications (ADCT) Cut to Underweight from Overweight at JPMorgan.
  • Alcon (ACL) Cut to Neutral from Overweight at JPMorgan.
  • American Medical Systems (AMMD) Cut to Market Weight at Thomas Weisel.
  • Buckeye Group Holdings LP (BGH) Cut to Neutral at Goldman Sachs.
  • Colonial Bancgroup Inc. (CNB) Cut to Neutral at JPMorgan.
  • Con-Way,Iinc (CNW) Cut to Neutral at Baird.
  • Electronic Arts (ERTS) Cut to Sell at S&P Equity Research.
  • Freeport-McMoRan (FCX) Cut to Neutral from Buy at Goldman Sachs.
  • Nordic American Tanker (NAT) Cut to Neutral at JPMorgan.
  • Overseas Shipholding (OSG) Cut to Neutral at JPMorgan.
  • Souhern Copper (PCU) Cut to Sell at Goldman Sachs.
  • STMicroelectronics (STM) Cut to Hold at S&P Equity Research.

Jon C. Ogg
October 23, 2008

Posted on: October 23, 2008 – 6:30 am in Analyst Calls, , , , , , , , , , , ,