Posts for Ticker ‘THC’

Major Stocks That Have Doubled And Their Future Prospects (F)(AMZN)(AAPL)(WFMI)(MOT)

appleBy Douglas A. McIntyre

The S&P 500 index is so far having a fine year, up a bit more than 20%. But several big-company stocks in the index have doubled, or better, over that time. Among the best-performers are some of America’s most well-known companies.

Here’s a look at 10 of those and their prospects of advancing further — or sliding back into the large pack of equities that have had only modest advances during the current bull market (all prices are as of the close on Nov. 9).

Ford (NYSE:F) was left for dead when it traded at $1 last November. The market thought it would share the sorry fate of its rivals General Motors and Chrysler, and that common shareholders would get nothing.

Read more…

Posted on: November 10, 2009 – 5:37 pm in Editor's Picks, , , , , , ,

Top 10 Analyst Upgrades and Downgrades (AMGN, AVY, COLM, DSGX, EJ, JASO, KG, SCSS, SPWRA, THC)

These are the ten top analyst upgrades,downgrades, and initiations we have seen early this Friday morning with roughly two hours until the market opens:

Amgen (AMGN) Cut to Hold at Citigroup.
Avery Dennison (AVY) Raised to Overweight at JPMorgan.
Columbia Sportswear (COLM) Raised toOverweight at Barclays.
Descartes Systems (DSGX) Started as Overweight at Thomas Weisel.
eHouse China (EJ) Raised to Outperform at Oppenheimer.
JA Solar (JASO) Cut to Equal Weight t Barclay.
King Pharma (KG) Cut to Hold at Needham.
Select Comfort (SCSS) Reinitiated as Buy at KeyBanc.
SunPower (SPWRA) Started as Buy at Needham.
Tenet Healthcare (THC) Raisd to Outperform at Baird.

JON C. OGG
August 14, 2009

Posted on: August 14, 2009 – 7:51 am in Analyst Calls, , , , , , , , , ,

Top Analyst Upgrades (ANF, DLB, HMA, LPNT, NWS, THC, WFMI, YHOO)

These are the top earlybird analyst upgrades and positive research calls seen early this Monday morning:

Abercrombie & Fitch (ANF) Raised to Outperform at FBR.
Dolby Labs (DLB) Raised to Overweight at JPMorgan.
Health Management (HMA) Raised to Buy at Deutsche Bank.
Lifepoint Hospitals (LPNT) Raised to Buy at Deutsche Bank.
News Corp (NWS) Raised to Overweight at JPMorgan.
Tenet Healthcae (THC) Raised to Buy at Deutsche Bank.
Whole Foods (WFMI) Raised to Outperform at RBC.
Yahoo! (YHOO) Raised to Overweight at Barclays.

JON C. OGG

Posted on: June 1, 2009 – 6:56 am in Analyst Calls, , , , , , , ,

The 52-Week Low Club (THC)(CGEN)(CRAY)(SGIC)

Sad_clownTenet Healthcare (THC) Weak quarter and outlook still killing the company. Falls to $2.25 from 52-week high of $6.88.

Compugen (CGEN) Company says it will not issue new equity. Market may not believe it. Off to $.50 from 52-week high of $2.80.

Cray (CRAY) Super computer business must be weak. Tough quarter. Down to $2.42 from 52-week high of $6.99.

Silicon Graphics (SGIC) Bad quarter. New CFO. Sells off to $3.55 from 52-week high of $23.12.

Douglas A. McIntyre

Posted on: November 5, 2008 – 3:48 pm in HI/LOW, , , ,

The 52-Week Low Club (THC)(HLF)(HNT)(FCSX)

Sad_clownTenet Healthcare (THC) Misses numbers and forecasts. Down to $2.52 from 52-week high of $6.88.

Herbalife (HLF) Bad outlook equals three-year low. Falls to $17.23 from 52-week high of $51.09.

Health Net (HNT) Nice eight-year low on bad earnings and forecast. The daily double. Sells off to $9.57 from 52-week high of $52.96.

FCStone Group  (FCSX) Last quarter hurt by commodities prices. Plunges to $2.90 from 52-week high of $53.25.

Douglas A. McIntyre

Posted on: November 4, 2008 – 4:01 pm in HI/LOW, , , ,

Most Overpaid CEO Of The Day: Trevor Fetter Of Tenet Healthcare (THC)

Cammonopoly_wideweb__430x3250_2Shares in Tenet Healthcare (THC) fell 33% today to $2.72, a 52-week low, down from the period high of $6.88.

Why? Tenet’s adjusted loss of 6 cents per share was worse than the 3-cent loss expected on average by analysts, according to Reuters Estimates. Times may be rough for shareholders, but THC’s CEO Trevor Fetter is getting rich beyond most people’s wildest dreams.

Read More »

Posted on: November 4, 2008 – 1:57 pm in Management Change,

UBS Taking Down Hospital Stocks (CYH, THC, UHS)

UBS has decided to downgrades the hospital sector this morning. It seems that perhaps not all medical and healthcare stocks are immune from a rapidly weakening economy. We have seen downgrades on three of the top publicly traded hospital system stocks as follows:

  • Community Health (NYSE: CYH) Cut from Buy to Neutral.
  • Tenet Healthcare (NYSE: THC) Cut from Neutral to Sell.
  • Universal Health (NYSE: UHS) Cut from Buy to Neutral.

Jon C. Ogg
October 1, 2008

Posted on: October 1, 2008 – 6:59 am in Analyst Calls, Healthcare, , ,

Top 10 Pre-Market Analyst Calls (ACS, AEP, CPN, CVX, CTXS, F, POT, SYMC, THC, WB)

These are not all of the analyst calls, but these are ten of the top calls affecting shares this morning:

  • Affiliated Computer Services (NYSE: ACS) Raised to Buy from Neutral at Goldman Sachs.
  • American Electric Power (NYSE: AEP) Raised to Buy from Neutral at Banc Of America.
  • Calpine (NYSE: CPN) cut to Hold at Jefferies & Co.
  • Chevron Corp. (NYSE: CVX) Raised to Buy from Neutral at Goldman Sachs.
  • Citrix Systems (NASDAQ: CTXS) Started as Overweight at Thomas Weisel.
  • Ford (NYSE: F) Raised to Hold from Sell at Citigroup.
  • Potash Corp. of Saskatchewan (NYSE: POT) cut to Outperform from top Pick at RBC Capital Markets.
  • Symantec (NASDAQ: SYMC) Cut to Market Perform at Morgan Keegan.
  • Tenet Healthcare (NYSE: THC) cut to Hold at Deutsche Bank.
  • Wachovia (NYSE: WB) Raised to Buy from Hold at Deutsche Bank.

Jon C. Ogg
April 29, 2008

Posted on: April 29, 2008 – 6:39 am in Analyst Calls, , , , , , , , , ,

Pre-Market Stock News (November 27, 2007)

Below is a snapshot of much of the pre-market news moving individual stocks this morning:

  • Activision (ATVI) raised guidance on Guitar Hero III sales; stock up 8% pre-market.
  • Barrier Therapeutics (BTRX) announced positive results of higher dose escalation clinical safety study with pramiconazole.
  • Casual Male (CMRG) indicated lower after missing earnings and guiding lower.
  • CIGNA (CI) is acquiring Great-West Healthcare for $1.5 Billion.
  • Citigroup (C) sold a $7.5 Billion stake to Abu Dhabi Fund.
  • GlobalSantaFe (GSF) has received a subpoena from the SEC seeking documents related to the company’s ongoing internal investigation.
  • Hydrogenics (HYGS) received a $1.7 million order for three fuel cell hybrid MiniBuses for an Expo in Spain.
  • Osiris Therapeutics (OSIR) announced positive one-year data from Chondrogen trial for knee repair in its preparation of adult stem cells formulated for direct injection into the knee.
  • Penford Corp (PENX) announced a 2 Million share common stock offering, although this was under the existing shelf offering.
  • Pharmacopeia (PCOP) and GlaxoSmithKline identified two new additional lead compounds that will trigger milestone payment of $1 million to Pharmacopeia.
  • Qiao Xing (XING) telegraphss medium and long-term business plans and will continue to take steps to ensure growth of 20% to 30% per year for the next 5-years.
  • Sepracor (SEPR) announced the completion of its SEC investigation and no enforcement action was recommended.
  • Smith & Nephew (SNN) announces precautionary knee recall.
  • Staples (SPLS) $0.42 EPS vs $0.40 est.
  • Tech Data (TECD) $0.73 EPS vs $0.60 est. (unsure if comparable) sales guidance for Q4 looks a tad light.
  • Tenet Healthcare (THC) entered into a new national insurance coverage agreement with UnitedHealthcare (UNH).

Jon C. Ogg
November 27, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Posted on: November 27, 2007 – 8:14 am in Pre-Market Activity, , , , , , , , , , , , , , , ,

Tenet Healthcare: Tired Of Being Bankrupt

Yesterday, Credit Suisse said without an industry recovery in volume or patient insurance, Tenet Healthcare (THC) might be required to file for Chapter 11 bankruptcy protection in three years. The company’s stock promptly dropped. The shares had been trading at $3.90 a few day ago, dropped ot $3.29. The shares were over $12 two years ago.

THC took exception to the report. This AM the company released a statement. "We believe we have the financial resources to execute our turnaround," said Biggs C. Porter, Tenet’s chief financial officer. Tenet had $675 million in cash at June 30, 2007 and had no outstanding borrowings on its line of credit which, under its terms, had $500 million in availability as of June 30, 2007. In addition, Tenet has no long-term debt maturing until December 2011.

While bad debt is rising and so is revenue from the uninsured, the company does expect adjusted EBITDA of $675 to $725 million this year.

Not great, but going bankrupt might be a little strong.

Shares opened up 4% at $3.48. The damage appears to have been done.

Douglas A. McIntyre

Posted on: August 29, 2007 – 8:38 am in Uncategorized,

The 52-Week Low Club

Neurochem (NRMX) Continues to race for the bottom. On Monday, the company said its Alzheimer’s disease treatment candidate, Alzhemed, failed a late-stage trial. The NRMX says it has 15 to 18 months of cash left. Maybe. Drops to $2.16 from 52-week high of $26.51.

Conexant (CNXT) Israel’s Orckit Communications wins arbitration and CNXT has to pay $12 million. Does not seem like a lot but stock drops to $1.06 from 52-week high of $2.36.

Tenet Healthcare (THC) Credit Suisse analyst launched coverage on the company with an "Underperform" rating. Down to $3.29 from 52-week high of $8.69.

Lennar (LEN) Home builder. Enough said. Down to $27.26 from 52-week high of $56.54.

Centex (CTX) Home builder. Ditto. Down to $28.13 from 52-week high of $58.42.

Horton (DHI) Another home builder. Drops to $14.40 from 52-week high of $31.13.

Leapfrog (LF) Bad quarter recently and toy companies are not all the rage right now. Down to $6.91 from 52-week high of $11.56.

Douglas A. McIntyre

Posted on: August 28, 2007 – 3:02 pm in HI/LOW, , , , , , ,

NYSE Short Interest, June 2007

The NYSE released short interest in stocks traded on the exchange. The figures are as of June 15 and are compared to the comparable numbers at of May 15.

Largest Shares Short By Company

Company                      Shares Short

Ford (F)                         213.1 million

Motorola (MOT)              139.3 million

TimeW  (TWX)                 79.3 million

Qwest (Q)                       78.9 million

AMD  (AMD)                   73.8 million

CVS  (CVS)                    66.7 million

GE  (GE)                        59.9 million

GM  (GM)                       57.6 million

Pfizer (PFE)                   54.5 million

Natl Semi  (NSM)            52.9 million

Wells Fargo (WFC)         51.8 million

SpintNextel (S)               51.0 million

Tenet Health (THC)          51.0 million

Disney (DIS)                   50.7 million

                  

Largest Increases In Short Position

Company                      Increase

National Semi (NSM)     42.1 million up

IBM (IBM)                     32.0 million

Wells Farge (WFC)       16.9 million

Micron  (MU)                 13.9 million

Motorola (MOT)             13.6 million

Largest Decreases

Company                      Decrease In Shares Short

Valero  (VLO)                Down 17 million

Solectron  (SLR)            Down 16.3 million

CVS                             Down 14.2 million

Xcel  (XEL)                    Down 9.9 million

Schlumberger  (SLB)      Down 9.1 million

Coca-Cola (KO)             Down 7.6 million

Time Warner (TWX)       Down 7.4 million

Data from WSJ and NYSE

Douglas A. McIntyre

Posted on: June 21, 2007 – 7:13 pm in Uncategorized, , , , , , , , , , , , , , , , , , , ,