24/7 Wall St. » MDTH

Early Bird Analyst Upgrades (BJS, CHS, FSLR, GNCMA, MDTH, PCS)

247wallst — Tue, 18 Nov 2008 07:33:29 +0000

These are some of the top early bird upgrades or positive calls from analysts on Wall Street which we have seen early this Tuesday morning:

BJ Services (BJS) Raised to Outperform at Wachovia.
Chico’s FAS (CHS) Raised to Neutral at UBS.
First Solar (FSLR) Started as Overweight at JPMorgan.
General Communications (GNCMA) Raised to Outperform at RBC.
Medcath (MDTH) Raised to Hold at Citigroup.
MetroPCS (PCS) Raised to Outperform at RBC.

Jon C. Ogg
November 18, 2008

Posted in Analyst Calls Tagged: BJS, CHS, FSLR, GNCMA, MDTH, PCS

The Worst May Not Be Over For MedCath (MDTH)

247wallst — Mon, 17 Nov 2008 14:29:38 +0000

MedCath Corp. (NASDAQ: MDTH) took a particularly brutal beating at the end of last week after posting disappointing results. The stock fell nearly 50% on Friday to $7.55, a 52-week low against a period high of $27. We covered this stock this weekend in our weekly "Under $10 Stocks" newsletter that went out Sunday night, and a brief synopsis has been provided below:

The firm which provides products for diagnosis and treatment ofcardiovascular disease posted a revenue increase of 4.0% to $150.9million in the fourth quarter of fiscal 2008 from $145.1 million in thefourth quarter of fiscal 2007. Income from continuing operations was$0.4 million, or $0.02 per diluted share, in the fourth quarter offiscal 2008 compared to $2.5 million, or $0.11 per diluted share, inthe fourth quarter of fiscal 2007.

Aside from weak results, the market was upset by a $160 million loan facilitywhich the company took on. It has as security a lien on the assets ofMedCath and its wholly owned subsidiaries. MDTH also said it wouldsuspend guidance due to difficult conditions in the overall medicalindustry. MedCath has long-term debt of $116 million, which is inexcess of its cash position of $94 million.

Spending on high-end medical procedures and equipment is bound to be hit by the recession. MDTH has a rough road ahead.

From the $7.71 close Friday, we expect the shares to go lower.

Douglas A. McIntyre
November 17, 2008

Posted in Medical, Trading Alert Tagged: MDTH

Top 10 Pre-Market Analyst Calls (CHTR, CTXS, DNE, LULU, MDTH, MSFT, PLX, SCSS, VNO, WY)

247wallst — Tue, 11 Mar 2008 06:42:14 +0000

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

Charter Communications (NASDAQ: CHTR) Cut to Neutral at Credit Suisse.
Citrix Systems (NASDAQ: CTXS) cut to Hold at Jefferies.
Dune Energy (NYSE: DNE) Started as Buy at Jefferies.
lululemon athletica (NASDAQ: LULU) raised to Outperform at Credit Suisse.
MedCath Corp. (NASDAQ: MDTH) Raised to Outperform at Credit Suisse.
Microsoft (NASDAQ: MSFT) started as Buy at Jefferies.
Protalix Biotherapeutics (AMEX: PLX) started as Buy at UBS.
Select Comfort (NASDAQ: SCSS) Raised to Market Perform at Morgan Keegan.
Vornado Realty (NYSE: VNO) Raised to Buy at Goldman Sachs.
Weyerhaeuser (NYSE: WY) raised to Buy at UBS.

Jon C. Ogg
March 11, 2008

The 52-Week Low Club

247wallst — Wed, 14 Nov 2007 16:01:06 +0000

Six Flags (SIX) Still moving down after announcing drop in net income. Falls to $1.98 from 52-week high of $6.80.

Avery Dennison (AVY) Company announces new financing. Market takes it badly. Down to $51.12 from 52-week high of $71.35.

Blockbuster (BBI) Renting movies at stores is dead, just no buried. Down to $3.74 from 52-week high of $7.30.

Gatehouse (GHS) Newspaper company. Bad earnings. Falls to $8.95 from 52-week high of $22.18.

Daktronics (DAKT) Bad guidance. Bad investment. Drops to $19.76 from 52-week high of $40.05.

MedCath (MDTH) Ugly results for last quarter. Falls to $21.40 from 52-week high of $34.61.

Douglas A. McIntyre