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Mickey D's a Buy Amid Turbulence

Tags: mcd
28 Aug 9:47pm
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McDonald's Corp.'s (MCD) focus on core brands, its image make-over program, and innovative marketing campaigns have been successful. After doubling margins in its U.S. operations, the company is turning its focus to Europe and APMEA (Asia/Pacific, Middle East and Africa), where company-operated restaurant margins lag the U.S. (by 110-350 basis points in the second quarter). Re-franchising continues to be another engine of growth, bolstering return on assets by an expected 100 basis p...
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King a Hold, Pre-Alpharma Deal

Tags: kg, alo
28 Aug 9:18pm
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We had a Sell rating on King Pharmaceuticals, Inc. (KG) for a significant period of time based on concerns regarding top-and bottom-line growth prospects. Thanks to increased competition, generic threats, and declining prescription trends for key products, the shares declined almost 45% during this period. King is now looking to acquire Alpharma (ALO); this acquisition would help King expand its presence in the pain management market and could help it achieve significant cost synerg...
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PACCAR Suffering U.S. Slowdown

Tags: pcar
28 Aug 4:50am
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PACCAR, Inc. (PCAR) is benefiting from rising prices and increasing market share, along with strong growth in Mexico and Australia. However, a downturn in the U.S. leads us to rate the stock a Hold, with a target of $44. Average transaction prices are rising about 5% in both North America and Europe due to the increased emission content. The fastest growing businesses of the company are PACCAR Parts and PACCAR Financial Services. With PacLease in Europe, the company expects to see co...
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Hurray Gets Polite Applause

Tags: hray
28 Aug 4:27am
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Hurray Holding Co., Ltd. (HRAY) declared second-quarter financial results slightly below our expectation. The company stated that its revenue was impacted by earthquakes in China during May. The management announced that they have stabilized the WVAS business, but we remain concerned that this sector may not be able to contribute meaningfully over the near-term due to strict regulatory policies. The financial outlook for the third quarter also remains tepid. However, Hurray has a st...
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Hittite Microwave's High Margins

Tags: hitt
28 Aug 4:04am
Posted by ZacksResearch
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We maintain our Buy rating on the shares of Hittite Microwave Corp. (HITT). Although the company provided fairly weak guidance for the third quarter, business at HITT remains strong. The company is gaining traction with new product lines, which is driving sales growth, and maintains high margins. Hittite is currently trading at 17.6x our estimated 2009 EPS of $1.99. Although a premium to its peers on an absolute P/E multiple, its stronger growth rate makes the stock look more attrac...
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Zacks Investment Research is one of the most highly regarded firms in the investment industry. Our firm has long believed that that quantitative models (like the Zacks Rank) can predict stock prices more accurately than individual analysts. However we also recognize that models are most effective when they are employed by analysts who have deep fundamental knowledge of the company and its industry. Consequently Zacks Equity Research combines Zacks quantitative models with the insight provided by an experienced team of 50 analysts to create superior long term stock recommendations. Discover all their timely insight and recommendations daily on Zacks.com.

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