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Top Analyst Upgrades, Downgrades, Initiations (BRK-A, CMCSA, MDT, TAP, NVAX, LNUX, THQI, YMI)

247wallst — Thu, 05 Nov 2009 13:23:10 +0000

These are this mornings top analyst upgrades, downgrades, and initiations seen early this Thursday from Wall Street research calls:

Berkshire Hathaway Inc. (BRK-A) was put on CreditWach (negative) on Wednesday afternoon, which would take the AAA away to match where Moody’s already is.
Comcast (CMCSA) Cut to Hold at Collins Stewart.
Medtronic (MDT) Raised to Outperform at Credit Suisse.
Molson Coors (TAP) Cut to Neutral at Goldman Sachs.
NovaVax (NVAX) Started as Buy at Merriman Curhan.
SourceForge (LNUX) Cut to Neutral at Merriman.
THQ Inc. (THQI) Cut to Hold at Deutsche Bank.
YM BioSciences (YMI) Started as Buy at Merriman Curhan.

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JON C. OGG

Posted in Analyst Calls Tagged: BRK-A, CMCSA, LNUX, MDT, NVAX, TAP, THQI, YMI

SourceForge CEO Out.. Slashdot.Org and ThinkGeek (LNUX)

247wallst — Tue, 10 Jun 2008 16:28:35 +0000

SourceForge, Inc. (NASDAQ: LNUX) announced after the close that its President & CEO Ali Jenab has resigned from the company, with an effective date of today. Interestingly enough, Ali Jenab had been at the company for nearly eight years.

The company’s board of directors has appointed Robert Neumeister, Jr. as the company’s interim President and CEO. Neumeister is a not only a current member of the board of directors, he’s the Chairman. The company does note that this is an "interim" basis as it has formed a search committee and will start the process of looking for a new CEO immediately.

SourceForge said it intends to take aggressive steps to accelerate the growth of its core Internet properties: Slashdot, SourceForge.net and ThinkGeek. For those of you who are tech-web addicts you know these, but if you do not then you will be interested to know that these properties are all widely watched and have long-standing readership numbers. In fact, if you look below we are showing you the US-rankings for Alexa and the overall measured ranking from Quantcast:

                        Alexa Quantcast Est. users
Slashdot             1,404    3,562       693,964
SourceForge.net    133       949          2.0 Mil
ThinkGeek             1,181 12,117    186,413

While these numbers might not sound like the rankings of Google, Yahoo!, MSN, or others, these are very large numbers for advertisers looking for targeted audience ads.

This hasn’t been the greatest time for SourceForge as a stock. Shares closed down 2.2% at $1.32 today, another 52-week low. The prior 52-week trading range was $1.35 to $4.45. This also puts the company within basic striking distance of 5-year lows. Shares were even under $1.00 back in early 2003 and late 2002, but they were exponentially higher back in the bubble days.

the company did swing to a net loss last quarter after results. Is market cap is roughly $90 million, while its last quarter showed cash and investments were about $61 million and all liabilities were $11.068 million.

Jon C. Ogg
June 10, 2008

The 52-Week Low Club

247wallst — Thu, 06 Sep 2007 15:08:14 +0000

The Ryland Group (RYL) In home building and mortgage businesses. Enough said. Down to $26.61 from 52-week high of $60.13.

Dillard Department Stores (DDS) Same store sales down last month. Drops to $21.06 from 52-week high of $40.56.

Nortel Networks (NT) Enterprise network supply business does not seem very good. Ask Alcatel-Lucent (ALU). NT down to $17.02 from 52-week high of $31.79.

Sourceforge (LNUX) Still falling after bad financials. Down to $2.28 from 52-week high of $5.55.

Finisar (FNSR) Poor quarterly numbers kill em. Drops to $2.81 from 52-week high of $4.25.

Douglas A. McIntyre

The 52-Week Low Club

247wallst — Wed, 05 Sep 2007 15:11:45 +0000

Wal-Mart (WMT) How did the world’s largest retailer get on this list? By being badly run. Down to $42.39 from 52-week high of $52.15.

Blackstone Group (BX) Which is worse, retail or the private equity business? At least the founders of both BX and WMT made billions. Where are the shareholder’s yachts? Drops to $21.96 from $38 high.

Finisar (FNSR) Tech companies are not supposed to have weak earnings reports. Drops to $2.93 from $4.25.

Sourceforge (LNUX) Online community sites. Just keeps falling. Down to $2.42 from 52-week high of $5.55.

Sourcefire (FIRE) Just sounds the same.Provides real-time network defence systems. Down to $7.96 from 52-week high of $18.83.

Douglas A. McIntyre

The 52-Week Low Club

247wallst — Fri, 31 Aug 2007 15:58:08 +0000

Christopher & Banks (CBK) Clothing retailer loses CEO. Drops to $11.69 from 52-week high of $31.25.

Cost Plus (CPWM) Home furnishing and entertainment products retailer loses CFO and drops guidance. Shares fall to $3.98 from 52-week high of $14.34.

Coldwater Creek (CWTR) Specialty retailer still falling after bad earnings. Down to $12.43 from 52-week high of $31.25.

Sourceforge (LNUX) Poor earnings fall-out. Still dropping. Down to $2.54 from 52-week high of $5.55.

Douglas A. McIntyre

The 52-Week Low Club

247wallst — Wed, 29 Aug 2007 15:09:05 +0000

Progressive Corporation (PGR) CEO was spying in church on people who had the sued the company. Seriously. Stock down to $20.23 down from $25.54.

Kellwood (KWD) Women’s sportswear maker out of favor. Down to $19.42 from $34.84.

Sourceforge (LNUX) E-commerce and community website company has bad quarter. Drops to $2.57 from 52-week high of $5.55.

Triad Guaranty (TGIC) Mortgage company. Bad time to be doing that. Down to $15.68 from $58.62 as 52-week high.

Conexant Systems (CNXT) Still falling. $1.06 from 52-week high of $2.36.

Douglas A. McIntyre