Buyside articles from September 2002

Buyside archives from September 2002

Anadarko corporate profile.(Anadarko Petroleum Corp.)(Company Profile)
September 1, 2002... Anadarko Petroleum Corporation (NYSE:APC) is among the largest independent oil and gas exploration and production companies in the world, with proved reserves of 2.3 billion barrels of oil equivalent (BOE) and production of about 200 million...

Host Marriott Corporation. (Bear Stearns).(financial rating)
September 1, 2002... (HMT: NYSE) Recommendation: Buy COMPANY DESCRIPTION Host Marriott is a Fortune 500 lodging real estate company that currently owns or holds controlling interests in 123 upscale and luxury hotel properties operated under premium...

Bottoms up! (Publisher's Letter).(Editorial)
September 1, 2002... No one is popping open the champagne yet, but as we go to press a number of market commentators are suggesting we may have finally found a floor to this seemingly bottomless bear market. Suffice it to say, we at Buyside have as much faith in...

Citibank Depositary Receipt issuers.
September 1, 2002... AKZO NOBEL N.V. Country: Netherlands Exchange: NASDAQ Ticker: AKZOY CUSIP: 010199305 Ratio (Ords to ADRs): 1:1 Akzo Nobel, based in the Netherlands, serves customers throughout the world with healthcare products,...

The Cooper Companies.
September 1, 2002... The Cooper Companies, Inc., (COO) is a rapidly growing specialty healthcare company serving the vision care and women's healthcare markets around the world with high quality products and services. Its two divisions are: * CooperVision...

The case for Asia: Asian stocks are trading at one-third the earnings multiple and twice the dividend yield of U.S. stocks. (Guest Column).
September 1, 2002... Despite the very poor performance, the U.S. stock market is still very expensive by historical standards. On a reported basis, the S&P 500 Index is trading at 39.1 times earnings. From 1986 to 1996 (the 11 year period before the bubble stock...

Company launches solutions for mutual funds facing net redemptions. (Going with the Flow).(Brief Article)
September 1, 2002... ReFlow Management Co., an investment service company, has developed a way for mutual fund managers to address the daily liquidity needs that arise from net shareholder redemptions. ReFlow is a benevolent shareholder that purchases shares in...

NASD proposes stricter regs to stop abuses. (Getting Tough).
September 1, 2002... Hoping to curb corporate abuses on Wall Street, the National Association of Securities Dealers (NASD) has proposed a set of rules that could change the way in which brokerages hand out shares of initial public offerings (IPOs). Prior to...

Nasdaq grows as usage, volume continue to rise. (Expanding Horizons).
September 1, 2002... The Nasdaq has instituted the Primex Auction System to expand trading to include all NYSE-listed securities. This will more than double the number of stocks eligible to trade in the world's first totally electronic auction for stocks. ...

Wall Street getting on that 'road to contrition'. (Public Penance).(Brief Article)
September 1, 2002... Working to help rebuild the relationship between Wall Street and Main Street, a national media campaign entitled "Challenging Corporate America Goodwill Community Service Tour" is being developed by The A-to-Z Foundation, a creative idea from...

Providers seek to accommodate NASD Rule 2711. (Charting the Analysis).(Brief Article)
September 1, 2002... According to the National Association of Securities Dealers (NASD) Rule 2711, analysts will be required to include a chart on their research showing where they recommended the stock relative to the stock price. Charts must be included by...

Merrill to add GAAP numbers to research reports. (Filling in the GAAP).(Brief Article)
September 1, 2002... In an effort to help investors measure a company's true performance, brokerage firm Merrill Lynch is now requiring its U.S. stock research to include earnings based on generally accepted accounting principles (GAAP) in addition to any pro forma...

New association launched to help promote investor trust. (Independent Research Firms get on the Investorside).(Investorside Research Association )
September 1, 2002... The Investorside Research Association has been launched with a mission to promote investor trust via the use of investment research that is financially aligned with investor interests. The Precursor Group's CEO Scott Cleland and Argus...

Buyside on the buy side. (Insights).
September 1, 2002... The Diamond Hill Funds have added the Diamond Hill Short Term Fixed Income Fund to be managed by Kent Rinker, managing director of fixed income. The new fund is designed to provide current income while seeking to preserve capital. The fund will...

Making the grade: buyside's who's-who of stocks that made the grade with a recommendation upgrade or initiation to 'Strong Buy'. (For Strong Buys Only).
September 1, 2002... DRUGS Felicia Reed Adams Harkness Hill 617-371-3739 NPS Pharmaceuticals (NPSP-MM) BASIS FOR STRONG BUY: NPS Pharmaceuticals reported second quarter EPS of $(0.70), beating our $(0.88) estimate and Street consensus of...

Initial Ratings.(Illustration)
September 1, 2002... INITIAL RATINGS Buyside looks at positive initiations within our September sectors. COMPANY TICKER ANALYST Basic Materials Inco N Health Products & Services...

Looking out for the little guy. (Money Manager).
September 1, 2002... Bill Fiedler Skyline Special Equities Portfolio Sometimes it's hard to find a friend on Wall Street. Just ask Portfolio Manager Bill Fiedler, who makes a habit of rooting out the neglected small-caps of the market. Fiedler has been...

Eye on financials. (Money Manager).
September 1, 2002... Anton Schutz Burnham Asset Management Anton Schutz of Burnham Asset Management has always had a keen eye for financials. So, when he was asked to shell out part of his savings in order to start a fund, he didn't think it was such a bad...

StarMine's sector champions. (Guiding Lights).
September 1, 2002... Beginning this month, Buyside will feature analyst performance ratings computed by StarMine in all of our articles. All analysts mentioned in Buyside who have a StarMine rating of at least three stars (out of a possible five) will have their...

Media dogwatch: spotting values in a beleaguered industry. (Media & Advertising).
September 1, 2002... Media industry consolidation has produced a set of globally diversified titans. That should mean stability and growth, however, turmoil at some of the biggest companies has dealt a staggering blow to the industry. Merger trauma at AOL Time...

The hard road of recovery: how one firm, Fred Alger Management, has survived the devastation of 9/11. (September 11th).
September 1, 2002... Fred Alger thought he had prepared for the worst. After the 1993 bombing of the World Trade Center, he set up a satellite office in Morristown, N.J., assuring employees and clients alike that in the event of another catastrophe, Fred Alger...

Healing machines: new technologies create opportunities for medical device makers. (Medical Devices).
September 1, 2002... Coronary stents. Quick diagnostic tests for congestive heart failure. Biologic materials to speed bone repair. These are just a few of the remarkable medical devices and technologies that improve the quality of life. According to AdvaMed, the...

Healthy gains: healthcare services shrug off the market flu. (Healthcare Services).
September 1, 2002... Americans have an insatiable appetite for healthcare services. Latest figures indicate that annual healthcare expenditures in the U.S. exceed $1.1 trillion, representing approximately 14% of the gross domestic product (GDP). The growing...

A material world: finding commodities that work best during uncertain times. (Basic Materials).
September 1, 2002... The fate of basic materials stocks is said to be tied to economic recovery. The equation is simple enough: When things improve, prices rise. And while the present outlook remains murky at best, discovering value means investors must become more...

First in their field: Bear Stearns beats the bushes to beat the Street. (Bear Stearns).
September 1, 2002... Kevin Starke politely listens in on management conference calls and diligently pours through the reams of material pushed out by well-oiled investor relation departments. Then he starts digging through the good stuff -- court documents. "I...

Home Properties of New York, Inc. (Bear Stearns).(financial rating)
September 1, 2002... (HME: NYSE) Recommendation: Attractive COMPANY DESCRIPTION Home Properties is a real estate investment trust (REIT) which owns and operates 145 multifamily communities (40,408 units) located throughout the Northeast and...

Anadarko Petroleum Corporation. (Bear Stearns).(financial rating)
September 1, 2002... (APC: NYSE) Recommendation: Attractive COMPANY DESCRIPTION Anadarko Petroleum Corporation is one of the world's largest independent oil and gas exploration and production companies, with assets of $17 billion and reserves of 2.3...

Anteon International Corporation. (Bear Stearns).(financial rating)
September 1, 2002... (ANT: NYSE) Recommendation: Attractive COMPANY DESCRIPTION Anteon designs, integrates, maintains and upgrades information systems for national defense, intelligence, emergency response and other high priority government missions....

First Data Corporation. (Bear Stearns).(financial rating)
September 1, 2002... (FDC: NYSE) Recommendation: Buy COMPANY DESCRIPTION First Data is the leading provider of payment processing services. Through Western Union, FDC is by far the largest provider of wire transfer services to the unbanked and underbanked....

DRS Technologies, Inc. (Bear Stearns).(financial rating )
September 1, 2002... (DRS: NYSE) Recommendation: Attractive COMPANY DESCRIPTION DRS Technologies provides leading edge products and services to government and commercial customers worldwide. Focused on defense electronics, the company develops and...

JDA Software Group, Inc. (Bear Stearns).(financial rating)
September 1, 2002... (JDAS: NASDAQ) Recomendation: Buy COMPANY DESCRIPTION JDA Software Group, Inc. is a global leader in delivering integrated software and professional services for the retail demand chain. JDA commits significant resources to advancing...

Lexington Corporate Properties Trust. (Bear Stearns).(financial rating)
September 1, 2002... (LXP: NYSE) Recommendation: Attractive COMPANY DESCRIPTION Lexington Corporate Properties Trust is a real estate investment trust that owns and manages a portfolio of office, industrial and retail properties net-leased to major...

LIN TV Corp. (Bear Stearns).(financial rating)
September 1, 2002... (TVL: NYSE) Recommendation: Buy COMPANY DESCRIPTION LIN TV Corp. is a pure-play television company that operates 26 television stations in the U.S. and Puerto Rico including 24 that it owns. The stations broadcast in 21 markets,...

iStar Financial Inc. (Bear Stearns).(financial rating)
September 1, 2002... (SFI: NYSE) Recommendation: Buy COMPANY DESCRIPTION iStar Financial Inc. is a specialty finance company focused on the commercial real estate industry, providing structured mortgage, mezzanine and corporate lease financing to...

Internet Security Systems, Inc. (Bear Stearns).(financial rating)
September 1, 2002... (ISSX: NYSE) Recommendation: Buy COMPANY DESCRIPTION Founded in 1994, Atlanta-based Internet Security Systems, Inc. (ISSX) is a leading provider of Internet security solutions to Fortune 1000 firms worldwide. Its core product...

Scientific Games Corporation. (Bear Stearns).(financial rating)
September 1, 2002... (SGMS: NASDAQ) Recommendation: Buy COMPANY DESCRIPTION Scientific Games Corporation (SGMS) was formed through the acquisition of Scientific Games Holdings ($308 million), a supplier of instant ticket systems to lotteries around...

Apex Silver Mines Limited. (Bear Stearns).(financial rating)
September 1, 2002... (SIL: AMEX) Recommendation: Buy COMPANY DESCRIPTION Apex Silver Mines Limited is engaged in the exploration and development of silver properties in South America, Mexico and Central America. The company has rights to or control of...

KLA-Tencor Corporation. (Bear Stearns).(financial rating)
September 1, 2002... (KLAC: NASDAQ) Recommendation: Buy COMPANY DESCRIPTION KLA-Tencor Corporation is a world leader in yield management and process control solutions for semiconductor manufacturing and related industries. Headquartered in San Jose,...

Ruby Tuesday, Inc. (Bear Stearns).(financial rating)
September 1, 2002... (RI: NYSE) Recommendation: Buy COMPANY DESCRIPTION Ruby Tuesday, Inc. has over 600 company-owned and franchised restaurants, 30,000 employees and operations throughout the U.S. and around the world. WHY WE LIKE IT *...

UnitedAuto Group, Inc. (Bear Stearns).(financial rating)
September 1, 2002... (UAG: NYSE) Recommendation: Buy COMPANY DESCRIPTION UnitedAuto Group, Inc. (UAG) is the second largest publicly held automotive specialty retailer in the U.S. UAG, a Fortune 500 company, operates 125 franchises in the U.S. and 68...

Havens in a storm: Investec finds stocks that withstand the bear's gales. (Research Profile).(Robin Young Director of Life Sciences Research; Robin Young )
September 1, 2002... Investec Robin Young Director of Life Sciences Research Young is a director in the research department at Investec covering life science and medical device companies. During his financial career, Young has held a variety of...

Orthofix International NV. (Fact Sheet).
September 1, 2002... www.orthofix.com "We've already shown excellent clinical results, via minimally invasive technology, in bone repair and reconstruction. Now, we're expanding our research to the cellular level, so that we may apply our technology platform...

Investec. (Research Profile).
September 1, 2002... "We were able to understand valuations well. I think this year our performance, in a really lousy market, has been good. The companies we've recommended are up. And it's because we pick low P/E growth stocks. They're like havens in the storm...

Entrepreneurial ideas: Stifel Nicolaus targets industries that provide incremental value. (Research Profile).(Jeffery Fowlds)
September 1, 2002... Stifel, Nicolaus & Company Jeffery Fowlds Managing Director of Equity Capital Markets Jeffery Fowlds is managing director of equity capital markets at Stifel, Nicolaus & Co. and has held this position at Tucker Anthony, Hoak...