Analyst Notes (DEC 28, 2006)

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By Douglas A. McIntyre Published
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As you can tell, most analyst calls are thinning out and research departments are quieting down until next week.

AUDC started as Accumulate at ThinkEquity.
BBI reitr Buy at Soleil.
BMR started as Overweight at Morgan Stanley.
CBOU reitr Underperform at Piper Jaffray.
CHINA started as Buy at Oppenheimer.
KED started as Buy at Merrill Lynch.
ONT started as Buy at ThinkEquity.
TSN reitr Underperform at Wachovia.

Goldman Sachs noted on STEEL SECTOR: NOVEMBER steel imports were 3.389 million tons, down 13% sequentially on preliminary Census data.  GS notes that declining imports and domestic production discipline have already reduced domestic STEEL supply by more than 10% since the estimated SEPTEMBER peak.  Imports peaked at 4 million tons a month in July-August and have declined 20% since then.  GS expects decline below 3 million tons per month over next seberal months.  While this is lower steel consumption and usage, GS believes the declining inventories will let investors to better recognize sustainability of the steel cycle.

by Jon C. Ogg

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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