CIM posts
FeedAnalyst Calls: C, CHK, EBAY, KMB, MRK, NSRGY, PFE, RIMM, SNDA, VRA ...
Continue reading Analyst Calls: C, CHK, EBAY, KMB, MRK, NSRGY, PFE, RIMM, SNDA, VRA ...
Chimera (CIM): High Income in Specialty Finance
"The market sell-off also is creating some attractive, high-income opportunities. Consider Chimera Investment (CIM), for example," says Mark Skousen.
The editor of the High Income Alert explains, "Based in New York, Chimera is a specialty finance company that invests in mortgage loans and other real-estate securities. The real estate investment trust (REIT) is managed by a company we've traded profitably before: Annaly Capital Management.
The editor of the High Income Alert explains, "Based in New York, Chimera is a specialty finance company that invests in mortgage loans and other real-estate securities. The real estate investment trust (REIT) is managed by a company we've traded profitably before: Annaly Capital Management.
Continue reading Chimera (CIM): High Income in Specialty Finance
Analyst calls: BWLD, SNY, NYT, STP, ERIC, RTP, KTOS, ZGEN
Analyst upgrades:- Jefferies upgraded Buffalo Wild Wings (NASDAQ: BWLD) to Buy from Hold on valuation with the stock down 65% in two months as they believe the company has a "best-in-class fundamental story." The firm lowered its target to $25 from $30.
- Morgan Stanley upgraded Sanofi-Aventis (NYSE: SNY) to Overweight from Equal Weight on valuation and believes near-term cost reductions could provide a positive catalyst.
- Citigroup upgraded New York Times (NYSE: NYT) to Hold from Sell and lowered its target to $5.50 from $7 on valuation and believes the dividend cut will boost the company's liquidity.
- Pantry (NASDAQL PTRY) was upgraded to Outperform from Market Perform at Friedman Billings.
- LECG Corp (NASDAQ: XPRT) was raised to Buy from Neutral at UBS.
- Thomson Reuters (NYSE: TRI) was upgraded at RBC Capital to Outperform from Sector Perform.
- Jefferies downgraded Suntech (NYSE: STP) to Hold from Buy and lowered its target to $6 from $25 as they believe concerns about a convert refinancing in February 2010 will continue to weigh on the stock.
- Credit Suisse cut Ericsson (NASDAQ: ERIC) to Underperform from Outperform due to expectations for a decline in wireless infrastructure spending.
- ING downgraded shares of Rio Tinto (NYSE: RTP) to Hold from Buy as they believe it will be challenging for the company to execute asset sales planned at reducing debt in the current environment.
Continue reading Analyst calls: BWLD, SNY, NYT, STP, ERIC, RTP, KTOS, ZGEN
Analyst initiations: PSEM, STJ and CHINA
MOST NOTEWORTHY: Pericom, St. Jude Medical and CDC Corp were today's noteworthy initiations:- B. Riley believes Pericom (NASDAQ: PSEM) is in the early stages of a product cycle-driven growth and feels shares are significantly undervalued at current levels. The firm started shares with a Buy rating and $18 target.
- Rodman & Renshaw started St. Jude Medical (NYSE: STJ) with a Market Outperform rating and $50 target. The firm is positive on St. Jude's recent investments in its CRM product portfolio and sales organization, which should increase competitiveness and facilitates continued market share gains.
- CDC Corp (NASDAQ: CHINA) was initiated at Cantor with a Buy rating and $6 target, as they believe the stock is significantly undervalued due to the complexity of the company's corporate structure and poor financial disclosure. The firm believes this gap will close after the company lists at least one of its subsidiaries this year.
- Kevin Dann initiated Orion Marine Group (NASDAQ: OMGI) with a Buy rating and $18 target.
- JP Morgan initiated Chimera Investment (NYSE: CIM) with a Neutral rating.
- Credit Suisse started Perrigo Company (NASDAQ: PRGO) with a Neutral rating and $40 target.
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger
Walmart's New Health Food Push: Is It Too Hard to Swallow?


