Mon, Dec 22, 2014, 5:35 AM EST - U.S. Markets open in 3 hrs 55 mins

Recent

% | $
Quotes you view appear here for quick access.

SPX Corporation Message Board

  • retardood retardood Nov 30, 2004 10:40 AM Flag

    SPX Discount To Peers is Justified

    8:56 (Dow Jones) SPX Corp`s (SPW) discount to other industrial companies tracked by Merrill Lynch is justified given the company`s track record of poor forecasting and deteriorating cash flow, a potential SEC inquiry, and other issues, firm says in note maintaining neutral rating.

    Merrill cuts `04 EPS` view to $1.32 and `05` view to $2.75 from previous estimate of $3.45 for both years, largely reflecting announced divestitures. Additional sales could cut Merrill`s EPS forecast, analyst John Inch says.

    SPX`s Kendro Laboratory Products business "could be the next business to be sold", and Inch believes "there are several potential buyers," including Fisher Scientific (FSH).

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
SPW
84.74+2.06(+2.49%)Dec 19 4:02 PMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.