Posts for Ticker ‘WY’

Top Analyst Upgrades & Downgrades (KG, MXIM, NWL, WFMI, WY, LM, POWI, S)

These are some of the top pre-market analyst upgrades and downgrades from Wall Street this Monday morning:

  • King Pharma (KG) Raised to Overweight at Wachovia.
  • Maxim Integrated Products (MXIM) Raised to Market Perform at FBR.
  • Newell-Rubbermaid (NWL) Raised to Buy at B of A Merrill.
  • Whole Foods (WFMI) Raised to Market Perform at FBR.
  • Weyerhaueser (WY) Raised to Buy at Deutsche Bank.
  • Legg Mason (LM) Cut to Underperform at B of A Merrill.
  • Power Integrations (POWI) Cut to Sell at Piper Jaffray.
  • Sprint-Nextel (S) Cut to Market Weight at Wachovia.

JON C. OGG

Posted on: March 16, 2009 – 7:06 am in Analyst Calls, , , , , , , ,

The 52-week Low Club (YHOO)(WY)(LLTC)

Sad_clown_3 Jones Apparel (JNY) Profit warning. Drops to $9.26 from 52-week high of $23.08.

Liz Claiborne (LIZ) Pulled down by JNY news. Falls to $9.75 from 52-week high of $31.93.

Weyerhaeuser (WY) Tried to raise prices. Customers said "no". Sells down to $37.16 from 52-week high of $78.

Linear Technology (LLTC) Forecast weak for next quarter. Plunges to $20.53 from 52-week high of $37.77.

Yahoo! (YHOO) Wall St. hates internet and possible AOL deal. Down to $11.88 from $34.88.

Douglas A. McIntyre

Posted on: October 15, 2008 – 2:57 pm in HI/LOW, , , , ,

52-Week Low Club (WTR, BMY, CELL, DDS, EK, EXPE, GCI, GE, HST, NOK, PFE, Q, VLO, WY, WGO)

If you thought this was a bad day for the market with the DJIA trading well under that 12,000 psychological level, there were some 400 stocks that hit 52-week lows today when you include the closed end funds, preferred stocks, and ETF’s.  Today was ugly enough that we won’t even add our little personal prodding on these.  Here is just a partial list of fifteen active stocks on this list today that aren’t airlines, autos, or financials:

  • AQUA AMERICA INC (NYSE: WTR)
  • BRISTOL MYERS SQUIBB (NYSE: BMY)
  • BRIGHTPOINT INC (NASDAQ: CELL)
  • DILLARD’S INC (NYSE: DDS)
  • EASTMAN KODAK CO (NYSE: EK)
  • EXPEDIA INC. (NASDAQ: EXPE)
  • GANNETT CO INC (NYSE: GCI)
  • GENERAL ELECTRIC CO (NYSE: GE)
  • HOST HOTELS & RESORT (NYSE: HST)
  • NOKIA (NYSE: NOK)
  • PFIZER INC. (NYSE: PFE)
  • QWEST COMMUNICATIONS (NYSE: Q)
  • VALERO ENERGY (NYSE: VLO)
  • WEYERHAEUSER CO (NYSE: WY)
  • WINNEBAGO IND INC (NYSE: WGO)

Jon C. Ogg
June 21, 2008

Posted on: June 20, 2008 – 2:21 pm in HI/LOW, , , , , , , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (ANR, NILE, ENER, IFX, LH, NVS, SOV, TSCO, WY, YGE)

These are ten of the analyst calls we are focusing on this Monday morning in pre-market trading:

  • Alpha Natural Resources (NYSE: ANR) Raised to Overweight at Morgan Stanley.
  • Blue Nile (NASDAQ: NILE) started as Hold at Deutsche Bank.
  • Energy Conversion (NASDAQ: ENER) started as Equal Weight at Lehman Brothers.
  • Infineon (NYSE: IFX) cut to Hold at Citigroup.
  • Laboratory Corp. (NYSE: LH) Started as Overweight at Morgan Stanley.
  • Novartis (NYSE: NVS) started as Overweight at JPMorgan.
  • Sovereign Banc (NYSE: SOV) raised to Outperform at KBW.
  • Tractor Supply (NASDAQ: TSCO) raised to Buy at UBS.
  • Weyerhaeuser (NYSE: WY) cut to Hold at Deutsche Bank.
  • Yingli Green Energy (NYSE: YGE) raised to Buy at Citigroup.

Jon C. Ogg
June 2, 2008

Posted on: June 2, 2008 – 6:37 am in Analyst Calls, , , , , , , , , ,

International Paper (IP) Gets Larger

According to Reuters "International Paper (NYSE: IP) has agreed to pay $6 billion in cash to buy the packaging and recycling unit of Weyerhaeuser Co, (NYSE: WY) the timber and forest products company."

Douglas A. McIntyre

Posted on: March 17, 2008 – 5:20 am in Uncategorized, ,

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, , , , , , , , , ,

Top 10 Pre-Market Analyst Calls (AMGN, ENP, NTAP, PT, QCOM, SWIR, VCLK, VRSN, WY)

These aren’t all of the impact analyst calls, but these are the key calls that 24/7 Wall St. is focusing on:

  • Amgen (AMGN) raised to overweight at Lehman.
  • Encore Energy (ENP) started as Overweight at Lehman.
  • Network Appliances (NTAP) raised to Peer Perform at Bear Stearns; estimates raised at Goldman Sachs.
  • Portugal Telecom (PT) raised to Peer Perform at Bear Stearns, but cut to Hold at Citigroup.
  • Qualcomm (QCOM) earnings estimates cut at Goldman Sachs.
  • Sierra Wireless (SWIR) cut to Market Perform at Piper Jaffray.
  • ValueClick (VCLK) raised to Buy from Hold at Citigroup.
  • VeriSign (VRSN) cut to Hold from Buy at WR Hambrecht.
  • Weyehaueser (WY) raised to Buy at Lehman.

Jon C. Ogg
November 15, 2007

Posted on: November 15, 2007 – 7:57 am in Analyst Calls, , , , , , , , ,

Pre-Market Analyst Calls (September 14, 2007)

ANW started as Buy at Jefferies.
AVY cut to Neutral at RWBaird.
AXP cut to Neutral at Merrill Lynch (indicated down 1% to 2%).
BOBJ cut to Neutral at First Albany.
CHD started as Neutral at UBS.
EGP started as Outperform atRWBaird.
ENER started as Buy at Jefferies.
ESLR started as Hold at Jefferies.
FLR cut to Hold at Citigroup.
FTI started as Buy at Jefferies.
IMCL Cut to Mkt Perform at FBR (shares down 3%).
BBEP raised to Outperform at Wachovia.
CLMS raised to Outperform at CRedit Suisse.
GGC raised to neutral at Credit Suisse.
INTC cut to Neutral at Merrill Lynch (shares down almost 2%).
NKTR started as Neutral at B of A.
PALM raised to Outperform at Morgan Keegan.
RIMM started as Outperform at BMO (maybe transition coverage, shares up 1%).
ROP cut to Mkt Perform at FBR.
TGI raised to Buy at B of A.
TPTX started as Strong Buy at JMP Securities.
UTX raised to Outperform at Bernstein.
VIP cut to Peer Perform at Bear Stearns.
WY raised to Buy at B of A.

Jon C. Ogg
September 14, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he produces the 24/7 Wall St. Special Situation Investing Newsletter and he does not own securities in the companies he covers.

Posted on: September 14, 2007 – 7:11 am in Analyst Calls, , , , , , , ,

Weyehaeuser Beats Lower Earnings, But Value Unlocking Plan Remains Elusive (WY)

Weyerhaeuser (NYSE:WY) has posted earnings that were mixed on the surface, but after you back out one-time charges the company posted $0.48 EPS on revenues of $4.3 Billion.  First Call estimates were $0.39 EPS and $4.24 Billion in revenues. Unfortunately these earnings numbers are convoluted with various EPS charges of $0.14, $0.12, $0.12, $0.02; and a net gain to EPS of $0.07.

The company gave some color on each area of operations, and this was mixed.  Higher seasonal costs and lower sales of non-strategic timberlands adversely affected earnings; Lumber, plywood and oriented strand board prices increased slightly, but market conditions remained difficult; Cellulose Fiber prices continued to increase; Containerboard Packaging and Recycling saw a normal seasonal upswing in packaging shipments occurred and average price realizations for packaging increased due to product mix, but fiber costs remain high; Real Estate and Related Assets: market conditions remain challenging and margins continue to decline, hard to imagine that would be any different right now.

Unfortunately, any solid restructuring plan or unlocking value method is not specific and is still quite vague.  Steven R. Rogel, chairman, president & CEO: "In response to continued challenging market conditions, we managed production and costs throughout the second quarter.  Our focus remains on the strategic initiatives we’ve been implementing to create more value for shareholders. In the coming quarter, we will look for ways to further reduce costs and improve performance as we face challenges produced by the continuing sluggish housing market. Meeting these challenges will require tough decisions and the focus of every employee."

Shares are up 1% after results look ahead of expectations.  But without any formal shareholder value unlocking plan, there seems no compelling argument that new shareholders needs to rush in immediately.  It would seem the recent credit crunch and slowdown in housing and development are keeping a solid break-up, recapitalization, or reclassification at bay.  The comapny has so much timberland that it should still consider applying to become the 51st state. 

Jon C. Ogg
August 3, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 3, 2007 – 7:54 am in Conglomerates, Earnings, , , , ,

Weyerhaeuser Earnings On Deck (WY, IP)

Weyerhaeuser Co. (NYSE:WY) has been hit exceptionally hard in this last market slide.  The paper conglomerate reports earnings Friday, and First Call estimates are looking for $0.39 EPS and $4.24 Billion in revenues.  If this gives guidance, the estimates for next quarter are $0.59 EPS & $4.27 Billion revenues and the Fiscal December-2007 estimates are $1.85 EPS & $16.8 Billion revenues.

Weyehaeuser is a stock on the verge of being in trouble if you ask a technician.  Shares have done much worse than the broad market in this last slide.  The reason is fairly simple: as liquidity and credit crunches have cropped up, Weyerhaeuser is getting hit in the face, in the ribs, and then having its eyes poked.  The company has lots of borrowing, has been considering a full-blown reorganization, and is now ‘possibly’ considered out of reach from private equity firms that are willing to or even can go borrow the vast sums to buy up timberland.  The markets might not also be that excited about trying to absorb its units, and if you have been watching the financial sector of late you will wonder if its land and community development operations have a negative value or a positive value.

On average, analysts are looking for only an $85.00-ish price target.  It is also easy to find upgrades and downgrades to the point you don’t know which or even want to know which report to trust.  Options traders appear to be braced for a move of up to $2.00 in either direction, but this one is harder to read and recent market conditions dictate a broader range now.  For Weyerhaeuser shareholders’ sake, let’s hope this one isn’t a mirror image of the post-earnings trading doesn’t mirror the International Paper (NYSE:IP) earnings. 

There is a lot of company here, particularly with all the units and a $15.5 Billion market cap.  If the company cannot restructure into a REIT, cannot break itself up, cannot further unlock value, OR cannot get its earnings expectations up, then it is going to be a cold winter day in the forest…..even if it is August.  As a last ditch effort, Weyerhaeuser owns so much acreage in the U.S.that it could apply to become the 51st state or could become its ownCanadian Province.  Friday is much more than an important day forWeyerhaeuser.

Jon C. Ogg
August 2, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: August 2, 2007 – 6:44 pm in Conglomerates, Earnings, , , , , ,

Short Sellers Attack Restructure & Re-Org Stocks (June 2007)

Stock Tickers: TYC, MS, F, CY, SPWR, TRB, KFT, MO, HB, ASD, EMC, DJ, AA, WY

It is always interesting to see how short sellers treat shares of stocks that are undergoing a spin-off, a restructuring, or an organizational change.  Frequently you see large changes upand down as shareholder initiatives such as a spin-off, a corporate break-up, a questionable acquisition breaking apart, or a recapitalization can affect the street perception.  These also often take months or longer to come to fruition.  These are not all of the restructurings and spin-offs in NYSE-listed stocks, but these are a sample of the more watched deals.

Those with increased short selling…..

Tyco International (TYC), as it gets closer to its near-forever break-up into 3 units next week.  Tyco short interest grew from 20.89 million in May to 21.81 million in June.  Short sellers must not be seeing value just like we don’t.

Morgan Stanley (MS) as it gets ready to dump the poorest image image credit card in the country, Discover Card.  Morgan Stanley saw a 9% gain from May’s 10.2 million shares in the short interest grow to 11.16 million shares.

Ford (F), which is likely selling two units of Rover and Jaguar and might sell its finance business.  Ford saw a huge jump in short selling from 208.8 million in May to 214.1 million in June.  Ford shares are actually up 50% from the 52-week lows. believe it or not.

Cypress Semiconductor (CY) as some recent hope has come out for the company to unlock more value by unloading more of its holdings in SunPower Corp. (SPWR).  CY shares have seen an increased short selling from 13.89 million in May to 15.495 million in June, a gain of 10.3%.

Tribune (TRB) now that the Sam Zell privatization pilfering is closer.  The 6.1 million shares in May has grown to 6.88 million shares, a gain of more than 10% in short selling.

Kraft (KFT) and Altria (MO), now that the Kraft (KFT) spin-out has finally occurred and some more time has passed on the calendar.  MO saw a drop of 11% from 53.2 million shares down to 47.2 million shares, which could have been expected; and you saw the inverse move in KFT with may’s short interest of 32.14 million shares growing to 39.2 million shares in June.

Hillenbrand (HB) as it gets ready to split the medical products and beds from the casket unit.  Hillenbrand saw May’s short interest of 1.43 million shares grow 2% to 1.459 million shares in June.

The decliners….Not as active as the increases…..

American Standard (ASD), after its spin-off of WABCO. ASD saw a drop in its short short interest of 30% from 7.46 million shares down to 5.15 million shares in June.

EMC (EMC) as the company is closer to the spin-off date for VMWare, which is expected to be a hot IPO or spin-off issue.  EMC short interest was actually a decline of 6.5% from 38.93 million in May to 36.37 million in June.

Dow Jones (DJ) saw a drop in its shares in the short interest with May’s 5.78 million shares drop down to 4.94 million shares as financial betters didn’t want to increase their bets that the company would stay private.

Alcoa (AA), as prey or bait? Short sellers don’t want to find out.  May’s 16.8 million shares in the short interest fell to 14.68 million shares in June.

Weyerhaeuser (WY) saw its 9.16 million shares in its short interest drop to 7.76 million as investors are still thinking the value will unlock as a potential break-up, REIT-Conversion, or asset sales.

Jon C. Ogg
June 22, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.

Posted on: June 22, 2007 – 12:23 pm in Shareholder Issues, Short Interest, , , , , , , , , , , , , ,

Goldman Sachs Research Summary (June 5, 2007)

Bed Bath & Beyond (BBBY) downgraded from Buy to Neutral.

Earnings estimates Raised: Aracruz Celulose S.A. (ARA), Sappi Ltd. (SPP), Celanese (CE).  Earnings estimates Cut: XTO Energy (XTO).

Weyerhaeueser (WY) was pretty decent estimate hike. Goldman raised its 2007 EPS target to $1.40 from $1.20 and raised 2008 EPS from $2.05 to $2.40. Domtar (UFS) was added to the Americas Conviction Buy List and raised estimates for 2007 from $0.40 to $0.55 and 2008 from $0.55 to $0.75.

After the Scholastic (SCHL) share buyback plan, Goldman raised the 2008 EPS target from $2.50 to $2.65 based on the 14% share count drop.

(CCK) Crown Holdings removed from Americas Conviction Buy List to make room for Domtar (UFS) to go on.

Jon C. Ogg
June 5, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he owns.

Posted on: June 5, 2007 – 7:39 am in Analyst Calls, , , , , , , , ,