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November 8th, 2010 at 1:44 pm
Oxen Alert – Longterm Ratings Update
Ratings Updates:
FSLR – Still sitting in the Buy range, but we are still maintaining Hold rating.
SKX – Big rise over last couple days, and it is getting close to moving our of Buy range.
SPWRA – Moving out of the Buy range with another couple quarters. We still have Buy rating on this one.
PAYX – Needs to drop 0.90 to move into Buy range.
News Updates:
F – The company saw its market share decrease in October 2010 as it dropped 20% in sales YOY. The company had 7.4% market share last October, and it has dropped to 6.3%. The company did see an 8.3% increase in sales in Brazil in October, and it now hold a 10% market share in the country, which is second behind GM.
GMCR – The company has seen another lawsuit filed against it. A class action lawsuit makes it the fifth confirmed lawsuit while investigating law firms is somewhere between ten and fifteen.
FTR – The company reported earnings this morning. They were hit by high expenses of taking on Verizon’s landlines that doubled the size of the company. They hit an EPS of 0.08 when taking out one-time expenses, which still missed estimates of 0.10. Despite the miss, the stock is rising. The company more than doubled its revenue from $526 million to $1.4 billion. Operating income improved. Things are looking pretty good for this company, and P/E ratios are starting to decline.
No other updates!
Good Investing!