Posts for Ticker ‘VNO’

Analyst Downgrade Onslaught Continues (ASML, CMG, FORM, GFIG, ICE, KLAC, MSSR, MPEL, MRG, PEET, PRXI, PHM, RGLD, JAVA, TCK, TER, UDR, VNO)

Burning_money_pic_2This morning was a shocker on just how many analyst downgrades and very negative calls were out from Wall Street analysts.  The sad part is this is only part of the onslaught that we are still seeing.

  • ASML (NASDAQ: ASML) Cut to Market Perform at FBR.
  • Chipotle (NYSE: CMG) Cut to Neutral at Piper Jaffray.
  • FormFactor (NASDAQ: FORM) Cut to Market Perform at FBR.
  • GFI Group (NASDAQ: GFIG) Cut to Hold at Deutsche Bank.
  • IntercontinentalExchange (NYSE: ICE) Cut to Hold at Deutsche Bank.
  • KLA-Tencor (NASDAQ: KLAC) Cut to Market Perform at FBR.
  • McCormick & Schmick’s (NASDAQ: MSSR) Cut to Neutral at Piper Jaffray.
  • Melco Crown (NASDAQ: MPEL) Cut to Hold at Deutsche Bank.
  • Morton’s Restaurant Group (NYSE: MRG) Cut to Neutral at Piper Jaffray.
  • Peet’s Coffee & Tea (NASDAQ: PEET) Cut to Neutral at Piper Jaffray.
  • Premier Exhibitions (NASDAQ: PRXI) Cut to Neutral at Merriman Curhan Ford.
  • Pulte Homes (NYSE: PHM) Cut to Neutral at JPMorgan.
  • Royal Gold (NASDAQ: RGLD) Cut to Sector Underperform at CIBC.
  • Sun Microsystems (NASDAQ: JAVA) Cut to Sell from Neutral at Goldman Sachs (added details).
  • Teck (NYSE: TCK) Cut to Neutral at UBS.
  • Teradyne (NYSE: TER) Cut to Market Perform at FBR.
  • UDR Inc. (NYSE: UDR) Cut to Sell at Goldman Sachs.
  • Vornado (NYSE: VNO) Cut to Neutral at Goldman Sachs.

Jon C. Ogg
January 8, 2009

Posted on: January 8, 2009 – 7:29 am in Analyst Calls, , , , , , , , , , , , , , , , , ,

Early Bird Pre-Market Analyst Upgrades & Downgrades (ADTN, EYE, HOC, INCY, PTR, CEG, KSS, VNO, WFMI)

These are some of the early bird analyst calls we are seeing in stocks this Thursday morning which could impact shares:

  • ADTRAN (ADTN) Raised to Outperform at Baird.
  • Advanced Medical Optics (EYE) Started as Overweight at Thomas Weisel.
  • Constellation Energy (CEG) Cut to Hold at Citigroup.
  • Holly Corp. (HOC) Raised to Buy at Goldman Sachs.
  • Incyte Corp. (INCY) Started as Buy at Goldman Sachs.
  • Kohl’s (KSS) Cut to Hold at Citigroup.
  • PetroChina (PTR) Raised to Outperform at Credit Suisse.
  • Vornado Realty Trust (VNO) Cut to Market Perform at Wachovia.
  • Whole Foods (WFMI) Started as Underperform at FBR.

Jon C. Ogg
September 18, 2008

Posted on: September 18, 2008 – 6:27 am in Analyst Calls, , , , , , , , ,

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

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

Posted on: March 11, 2008 – 6:42 am in Analyst Calls, , , , , , , , , ,

Whitman & Third Avenue Value Fish In Financial Insurers, REITs, Land (ABK, ACGL, LM, MBI, JOE, TPGI, TGIC, USG, VNO)

If there is one seer and age-old timeless veteran in value investing, it is M.J. Whitman.  His Third Avenue Management, LLC has filed its 13F with the SEC and it shows he is still (or at least was) betting big on what financial guarantors, land banks, and REIT’s for a portion of his value investing assets.  This total filing showed some $11.5 Billion in equity and equivalent positions (not including fixed income).  What is interesting is that this is not even all of his holdings out of financial related stocks.  But this is still nearly $1.2 Billion in combined assets.  Below are a portion of his top holdings: 

Stock (Ticker)                                                              Shares             $$$$
Ambac Financial Group (ABK)               2,699,896   $69,576,000
Arch Capital Group Ltd.(ACGL)              1,461,659   $102,828,000
Legg Mason Inc. (LM)                               3,343,553   $244,581,000
MBIA Inc. (MBI)                                           13,773,096  $236,607,000
St. Mary Land & Exploration (SM)            2,620,703   $101,185,000
The St. Joe Company (JOE)                    15,347,635  $54,4995,000
Thomas Properties Group Inc. (TPGI)    2,566,549   $27,667,000
Triad Guaranty Inc (TGIC)                          1,064,023   $10,427,000
USG Corporation (USG)                             5,573,058   $199,460,000
Vornado Realty Trust (VNO)                       1,327,543   $116,757,000

M.J. Whitman and his entire crew readily admit that they do not always catch the bottom.  They try to get in before the flood gates of buyers swarm in, and sometimes they are very early and have no problem taking a 3-year or even longer time horizon.  But they do try to look through the junk heap to see what can be cleaned up with some TLC.  Please be advised that this is a small portion of their holdings, and that full list can be seen here. 

Here are the other activist and billionaire value-esque investors we covered this weekend:

Jon C. Ogg
February 19, 2008

Posted on: February 19, 2008 – 3:27 pm in Mutual Funds, Value Investing, , , , , , , , , , ,