An interesting downgrade
Posted on November 16, 2009 at 1:47 pmGoldman Sachs has lowered its rating of Dollar Tree (Ticker: DLTR) to ‘neutral’ from ‘buy,’ saying one of the main rivals of Dollar General will face difficult comparisons after this quarter.
On a completely related note, Goldman just got paid big time helping take Dollar General (Ticker: DG) public again.
permalink | Comment on this post
The sidelines thin out
Posted on October 29, 2009 at 8:51 amGoldman Sachs researchers say investors don’t have as much cash available to pour into the market as many observers assume. That doesn’t bode well for the rally’s endurance.
permalink | Comment on this post
Health care a ’stock picker’s paradise’
Posted on September 10, 2009 at 2:28 pm
Goldman Sachs analysts say recent developments — or the lack thereof — in the health care reform debate has helped them dig up single-company investment ideas in the sector.
permalink | Comment on this post
Bad timing for Healthways bull
Posted on June 29, 2009 at 2:18 pm
Whoever stepped in big time late on Friday to snap up shares of Healthways – volume was more than five times the daily average – didn’t see this morning’s Goldman downgrade coming. Shares of Healthways (Ticker: HWAY) are off almost 8 percent.
permalink | Comment on this post
Goldman lowers Healthways
Posted on at 8:12 amThe investment bank says the Franklin-based disease manager faces several headwinds during the recession and beyond, including the risk that insurance clients bring risk management services in house. Analyst Daryn Miller says investors should sell Healthways shares (Ticker: HWAY), which are up 60 percent this year.
The downside to Gaylord’s long-term booking strategy
Posted on May 29, 2009 at 7:20 amGoldman Sachs Steven Kent raised his ratings on the hotel sector Thursday, saying shrinking supply and cost cuts are helping operators weather the storm. The one exception to his optimism is none other than Gaylord. (Ticker: GET)
Kent noted that Gaylord’s contracts are typically booked one to three years in advance so discounts offered now may weigh on results over a longer-term period.
permalink | Comment on this post
Two views on LifePoint
Posted on May 19, 2009 at 9:57 amWachovia has resumed its coverage of the hospital management sector with ‘market perform’ ratings for Franklin-based Community Health Systems as well as HMA and Universal Health. Only LifePoint gets an ‘outperform’ rating, with analysts saying the company’s “lower labor expense, reduced turnover, and better physician recruitment due to the weak economy” will outweigh the 2009 negatives of a weak economy and the specter of health care reform. Price target: $31 to $35, a good 20 percent above this morning’s open.
Taking the other side is Goldman Sachs’ Shelley Gnall, who has downgraded LifePoint from ‘buy’ to ‘neutral.’ Gnall, who last month also knocked CHS down a notch, has a LifePoint target of only $27.
So far this morning, the LifePoint bulls have it. Shares of the Brentwood-based company (Ticker: LPNT) are up 2.5 percent. Year to date, they’ve gained about 15 percent.
permalink | Comment on this post
Goldman a little late on LP
Posted on May 11, 2009 at 1:25 pmThe brightest minds on the Street pull their ’sell’ rating on the Nashville manufacturer after the stock (Ticker: LPX) has run from $1.19 in early March to almost $5 today.
permalink | Comment on this post
No, you can’t tell them how you’re doing; we will
Posted on April 15, 2009 at 12:26 amThe Times has the lowdown on the government’s plan to share with us the results of the bank stress tests.
Goldman’s action has put pressure on other financial institutions to do the same or risk being judged in far worse shape by investors. The administration feared that details on healthier banks would inevitably leak out, leaving weaker banks exposed to speculation and damaging market rumors, possibly making any further bailouts more costly.
permalink | Comment on this post
Analyst action: CHS, Tennessee Commerce
Posted on April 8, 2009 at 10:02 am
Goldman Sachs has kicked Community Health Systems off its Conviction Buy List. Shares of the Franklin-based company (Ticker: CYH) are down about 6 percent today and close to break-even for the year.
Over at Howe Barnes, analyst Jeff Davis has slashed his rating on Tennessee Commerce to ’sell’ after the bank said it will write down the value of its owned real estate by almost $3 million and further beef up loan loss reserves. Davis, who is based in Nashville, said CEO Art Helf and his team will have to slow loan growth to maintain their capital ratios. He expects Tennessee Commerce shares (Ticker: TNCC) will struggle in the coming months.
Our investment thesis assumed for the shares to rise from a pedestrian valuation that TNCC would have to prove to investors that it could manage through the deep recession and remain profitable… With this quarter’s loss, the shares will likely remain in the penalty box until the economy strengthens and/or the company strings together several quarters of profitability.
Almost 90 minutes into today’s session, Tennessee Commerce’s very thinly traded stock has yet to change hands.
permalink | Comment on this post
We want clarity
Posted on March 2, 2009 at 2:44 pmAnd the lack of it continues to drag down HealthSpring shares (Ticker: HS), which fell today to another all-time low, pushed down in part by a Goldman Sachs downgrade.
permalink | Comment on this post
Analyst: One in 12 restaurants needs to close
Posted on January 16, 2009 at 11:53 amLarry Miller at RBC Capital Markets says independent eateries and chains will suffer equally, especially in the casual-dining sector. Goldman Sachs’ Steven Kron is even more negative: He says 12,000 restaurants need to close to get the market back to equilibrium.
Kron expects most of the closures to come from the bar-and-grill segment, as well from independent chain restaurants that may have less of a cushion compared with larger chains from a slowing sales environment.
permalink | Comment on this post
CHS on Goldman’s must-buy list
Posted on January 7, 2009 at 12:21 pmThe investment bank says investors should jump into the Franklin-based hospital operator (Ticker: CYH) with conviction. It appears investors are listening.
permalink | Comment on this post
It’s bad luck just seeing a thing like that
Posted on December 16, 2008 at 1:22 pmVia CNN:
The widening financial crisis, which has left few unscathed, finally drew blood from Goldman Sachs Group Inc. (GS) on Tuesday.
The 139-year-old investment bank reported its first quarterly loss since becoming a public company 10 years ago. For the period ended Nov. 30, Goldman reported a fiscal fourth-quarter net loss of $2.12 billion, or $4.97 a share, compared with net income of $3.22 billion, or $7.01 a share, a year earlier.
Plunging markets caused Goldman Sachs to lose $3.71 billion in its fixed- income, currency and commodities businesses, including non-investment-grade credit origination, and residential and commercial mortgage loans and securities. Principal investments had a loss of $3.86 billion.
permalink | Comment on this post
More obligations at AIG
Posted on December 10, 2008 at 7:10 amThe Wall Street Journal reports on up to $10 billion the insurance giant appears to have invested in derivates that have lost half their value.
The Abacus deals were investment portfolios designed to track the values of derivatives linked to billions of dollars in residential mortgage debt. In what amounted to a side bet on the value of these holdings, AIG agreed to pay Goldman if the mortgage debt declined in value and would receive money if it rose.
Recent Comments
In our good state a select few run the place, 20 yrs ago and today....
Southernindie…Unfortunat ely you have suffered a dibilitating...
And…Karl (Marx) Dean is spending one billion dollars...
Someone explain the difference between short stay and observation...
Watching the Chairman of Starwood Hotels yesterday on CNBC...
Funny how the Union’s feel about taxes. They complained about their...
Where is it?
An absolutely ugly structure, which I have always thought did not take...
Too bad that ATT changed the look of the building so that it no longer...
Yeah, well, look at the TN Legislature of good ol’ boys and the...
As long as the red rules, we will be far behind other states. The GOP does...
Nissan CEO Carlos Ghosn: I don’t know what...