Posts for Ticker ‘TDC’

Top Analyst Downgrades (AKAM, BMY, KMX, ESLR, GOL, HGSI, MON, SCHN, TDC, UA, DIS, WFMI)

These are the top pre-market analyst downgrades and negative research calls we have seen from Wall Street early this Friday morning:

Akamai Tech (AKAM) Cut to Hold at Citigroup.
Bristol-Myers Squibb (BMY) Cut to Market Perform at Bernstein.
CarMax (KMX) Cut to Underperform at Wachovia.
Evergreen Solar (ESLR) Started as Sell at Canaccord Adams.
GOL Linhas Areas Inteligentes S.A. (GOL) Cut to Underweight at JPMorgan.
Human Genome Sciences (HGSI) Cut to Market Perform at Bernstein.
Monsanto (MON) Cut to Neutral at JPMorgan.
Schnitzer Steel (SCHN) Cut to Sell at UBS.
Teradata (TDC) Started as Underweight at Thomas Weisel.
Under Armour (UA) Cut to “Negative” at Susquehanna.
Walt Disney (DIS) Cut to Neutral at JPMorgan.
Whole Foods (WFMI) Cut to Hold at Jefferies.

JON C. OGG

Posted on: April 3, 2009 – 7:04 am in Analyst Calls, , , , , , , , , , , ,

The 52-Week Low Club 9/25/2008 (PPC)(TDC)(ORCL)(APD)(SPSN)

Sad_clownPilgrim’s Pride (PPC) Company says it has liquidity issues. Sometimes that means Chapter 11.  The stock drops to $3.26 from 52-week high of $35.98.

Teradata Corp (TDC) is facing competition from Oracle (ORCL). It drops to $19.50 from 52-week high of $30.08.

Air Products and Chemicals (APD) lowers forecasts and is downgraded by Citi. Shares fall to $70.17 from 52-week high of $106.06.

Spansion (SPSN) gets a broker downgrade. It sells down to $1.65 from 52-week high of $8.68.

Douglas A. McIntyre

Posted on: September 25, 2008 – 2:51 pm in HI/LOW, , , , ,

The 52-Week Low Club (TDC)(WLSN)(PACT)(ABTL)

Teradata Corp (TDC) Not any news. Slow sell-off all day. Down to $20.11 from 52-week high of $30.08.

Wilsons The Leather Experts (WLSN) CEO leaving. Falls to $.14 from 52-week high of $2.36.

Pacificnet (PACT) Fighting involuntary Chapter 11. Down to $1.05 from 52-week high of $7.15.

Autobytel  (ABTL) No news, just selling. Off to $1/90 from 52-week high of $4.64.

Combinatorx (CRXX) No news. Falls to $3.11 from 52-week high of $7.37.

Commvault Systems (CVLT) No news. Down to $11.35 from 52-week high of $23.04.

Douglas A. McIntyre

Posted on: April 1, 2008 – 2:56 pm in HI/LOW, , , , , ,

This Week’s Key Stock Buybacks & Repurchases (SYK, NILE, TDC, WW, CPWR, CE, EFX, VARI)

While earnings season is slowly winding down and while the economy is obviously cooling, we still have many large and small companies alike with solid balance sheets or that have extra cash to deploy on hand.  These are some of the key share buybacks we have seen this week.

Stryker (NYSE: SYK) announced a general $750 million for share buybacks for general corporate purposes and to offset dilution from options. This is one of the larger buyback plans announced, but it is small in comparison to its market cap of $27.93 billion.

Blue Nile (NASDAQ: NILE) approved a $100 million share buyback. With its poor guidance, buybacks may only partially help a growing problem. The current market cap sits at about $688.11 million.

Teradata (NYSE: TDC) announced a $250 million stock buyback plan. With positive 2008 guidance, future earnings per share should grow. The current market cap is $4.27 billion.

Watson Wyatt (NYSE: WW) announced a $100 million stock buyback plan.  The company noted that the buybacks will help offset dilution from employee benefit plans.  Its current market cap is $2.21 billion

Compuware (NASDAQ: CPWR) announced a $750 million buyback plan to reduce the balance of outstanding common shares to 200 million. They currently have 281.4 million shares outstanding. The current market cap is $2.27 billion.

Celanese (NYSE: CE) Board approved a $400 million share buyback. The CEO noted that the buyback demonstrates their commitment to delivering value to shareholders while retaining financial flexibility. The current market cap is $6.04 billion.

Equifax (NYSE: EFX) announced a $250 million share buyback approval. It is yet another in a series of buybacks valued at about $1.08 billion since 2004. The current market cap is $4.53 billion.

Varian (NYSE: VARI) Board approved a $100 million share repurchase program. The buybacks could boost an already healthy stock. The current market cap is $6.53 billion.

Rachel Lopez
February 15, 2008

Posted on: February 15, 2008 – 1:15 pm in Stock Buybacks, , , , , , , ,

NCR Dodges The Retail Blues, Thanks To Automated Checkout Terminals (NCR, TDC)

NCR Corp. (NYSE: NCR), formerly known as National Cash Register, is managing to raise earning per share targets.  While there are always companies that do well and while some companies outperform during an economic crunch, this is quite surprising when you consider that most retail operations are noting a pinch on their results as the economy slides. 

The company has set its new 2007 EPS range at $1.35 to $1.40.  This compares to its previous guidance range of $1.20 to $1.25, and fiscal targets according to First Call are only $1.22.  NCR also said it sees Fiscal 2007 revenue growth of approximately 8% instead of its previous guidance of 5% to 6% revenue growth.  What is interesting is that the company noted stronger than previously anticipated profitability in the company’s Customer Services operations and in financial self-service and retail store automation divisions.  Sounds good for the self check-outs and for the technology side of the business, yet maybe an omen for cashier operators that may not exactly have a triple digit I.Q.

This might not seem like a monumental change, but it did just restructure itself and when you consider the slowing retail economy that NCR sells to then this is quite a surprise.  So far Wall Street is rewarding NCR with a 6.6% gain to $22.35. 

NCR’s 52-week trading range is $19.64 to $57.50, although we’d caution that the $57.50 is misleading because of the recently spun-off Teradata (NYSE: TDC).

Jon C. Ogg
January 10, 2008

Posted on: January 10, 2008 – 9:59 am in Retail, ,

Cardtronics Sets Initial IPO Terms (CATM, DBD, NCR, TDC)

Cardtronics Inc. (NASDAQ:CATM) has set the initial range and terms for its IPO.  The company is indicated to sell 16.666 million shares of common stock at a price range of $14 to $16 per share, although half of the shares are from the company and half are from senior management and selling shareholders.  The underwriting group is rather large: Deutsche Bank, William Blair, Banc of America, JPMorgan, Piper Jaffray, and RBC Capital Markets.

Cardtronics, Inc. claims the world’s largest network of ATMs, with over 31,500 ATMs in merchant locations throughout the U.S., the U.K., and Mexico. Approximately 19,600 of the ATMs are Company-owned and 11,900 are merchant-owned. Over 9,500 of its Company-owned ATMs are under contract with well-known banks to place their logos on those machines and provide surcharge-free  access to their customers.  Cardtronics also operates the Allpoint network, which sells surcharge-free access to financial institutions that lack a significant ATM network.

outside of the 7-Eleven loss revenues, the company generated pro forma revenues for the 12-months ended Dec. 31, 2006 of $439.3 million and for the 9-months ended Sept. 30, 2007 of $345.7 million.  But there is a difference between net and pro forma.  Excluding the pro forma effects of the 7-Eleven ATM Transaction, it generated revenues of $293.6 million for the year ended December 31, 2006 and $262.3 million for the 9-months ended September 30, 2007.

The first thing you would say is that this competes against Diebold, Inc. (NYSE:DBD), although the company uses their ATM’s and Diebold actually owns a tiny stake in the company.  Diebold is a primary maintenance vendor and Diebold is one of its key ATM suppliers, NCR (NYSE:NCR) is also a primary maintenance vendor and is also an ATM supplier to the company.

We had reviewed this for a potential special situation investing newsletter pick in the past around the filing, but Diebold couldn’t really be looked at as a back-door plays as it didn’t have a significant enough of a stake; and NCR was going through its own special situation in its spin-off of Teradata (NYSE:TDC).

We frequently send out more data to our open and free email distribution list, and we also cover similar situations in the special situation investing newsletter.

Jon C. Ogg
November 21, 2007

Posted on: November 21, 2007 – 10:39 am in IPOs, Mergers and Buy Outs, , , , , ,