Goldman Sachs Notes (March 2, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Earnings Estimate Increased on DELL, BVN, SHLD, VIA, THE, AER, GGL, TFX.

Earnings Estimate Decreased on CDL, GPS, SWN, PRAI, OCR, CMOS, XTXI, XTEX.

Goldman Sachs has noted on BJ’s Wholesale Club (BJ) that a recent private equity purchase of a competitor called Smart & Final could yield $45.00 as a buyout price if the multiples were the same.  While they are saying they have a $34 to $35 private equity takeout value, this number is one that is hard to use since the other deal was not really comparable.

Ciena (CIEN) maintained Buy/Attractive despite some problem last quarter; still sees upside to Goldman estimates.

Dell (DELL) was maintained as Neutral but Goldman notes that its margin has has actually held up and the new structure expenses may already be taking some effect.

Goldman Sachs also lists the tower, outdoor and Internet groups leading the CME SECTOR: its best buy list ideas in the sector are IT, GOOG, LEAP, LYV; other focus names include CMCSA, DIS, EBAY, GHS, MHP, NWS, RHD.

American International (AIG) reiterated Buy/Attractive on buybacks, guidance, and dividend hike.

Jon C. Ogg
March 2, 2007

Photo of Douglas A. McIntyre
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.

Continue Reading

Top Gaining Stocks

WAT Vol: 2,130,461
INTC Vol: 196,330,171
AKAM Vol: 8,677,096
MU Vol: 63,232,342
QCOM Vol: 34,020,782

Top Losing Stocks

HII Vol: 1,746,087
POOL Vol: 2,311,788
APTV Vol: 10,166,356
LDOS Vol: 2,251,325
PYPL Vol: 39,057,258