Barron's(3/5) Research Reports: How Analysts Size Up Companies
Barron's(3/5) Research Reports: How Analysts Size Up Companies
03 Mar 00:10
(From BARRON'S) By Anita Peltonen The research reports excerpted here were issued recently by investment firms.
Many may be obtained through Thomson Financial at www.thomson.com/financial or 800-638-8241. Some are available in the company-research area of WSJ.com, or through Factiva.com. Some of the reports' issuers have provided, or hope to provide, investment-banking or other services to the companies being analyzed.
NetBank - NTBK-NNM Hold - Price 3.53 on Feb. 27 by Sandler O'Neill NetBank [whose principal activities include retail banking and mortgage lending] lowered its per share range to a loss of 15-to-35 cents from the prior range of a loss of 8-to-24 cents. In both cases, management commented that it was "biased to the lower end of the range." The prior guidance was from Feb.
21. NetBank had reduced its guidance with each publication of monthly metrics for 4Q06. Management again cautioned that 1Q07 EPS could be below the current range due to efforts to transition its conforming mortgage operation to break-even and the company's inability to recognize tax benefits prior to returning to profitability. The bright spot in the monthly metrics was a 6.3% increase in average assets to $3.948 billion. . . . Maintaining Hold and reducing our price target by 15 cents to $3.55. from $3.70 to reflect the reductions in book value. Our price target is based on a 1.2 times multiple of our projected 1Q08 tangible book value of $2.91.
1 Comments:
Barron's(3/5) Research Reports: How Analysts Size Up Companies
Barron's(3/5) Research Reports: How Analysts Size Up Companies
03 Mar 00:10
(From BARRON'S)
By Anita Peltonen
The research reports excerpted here were issued recently by investment firms.
Many may be obtained through Thomson Financial at www.thomson.com/financial or
800-638-8241. Some are available in the company-research area of WSJ.com, or
through Factiva.com. Some of the reports' issuers have provided, or hope to
provide, investment-banking or other services to the companies being analyzed.
NetBank - NTBK-NNM
Hold - Price 3.53 on Feb. 27
by Sandler O'Neill
NetBank [whose principal activities include retail banking and mortgage
lending] lowered its per share range to a loss of 15-to-35 cents from the prior
range of a loss of 8-to-24 cents. In both cases, management commented that it
was "biased to the lower end of the range." The prior guidance was from Feb.
21. NetBank had reduced its guidance with each publication of monthly metrics
for 4Q06. Management again cautioned that 1Q07 EPS could be below the current
range due to efforts to transition its conforming mortgage operation to
break-even and the company's inability to recognize tax benefits prior to
returning to profitability. The bright spot in the monthly metrics was a 6.3%
increase in average assets to $3.948 billion. . . . Maintaining Hold and
reducing our price target by 15 cents to $3.55. from $3.70 to reflect the
reductions in book value. Our price target is based on a 1.2 times multiple of
our projected 1Q08 tangible book value of $2.91.
Post a Comment
<< Home