Tyco (TYC)

DON'T BUY
Companies that are heavily into the industrial areas will pick up some pricing power which will be good down the road, but it is presently a little ahead of itself. We'll probably go sideways.
TOP PICK
A quality company. Likes the new management. Paying down debt. Should generate consistent revenue growth and cash flow over the next several years.
WEAK BUY
Is in a lot of attractive businesses, should do well. Likes the company, but nervous of passed issues.
HOLD
Had a major selloff in the bear market and tech downturn of 2002. It is now going through an upward correction. Could go higher, but put in a stop loss as they could drop to its base again.
PAST TOP PICK
(A top pick Dec 15/03. Up 17%.) It started to do some things technically that he liked which was his reason for buying. A quality Company with good fundamentals.
HOLD
Fairly valued at these prices. Their underlying businesses are good and are generating free cash flow.
BUY
Great management. Still working out from a lot of debt. Have some interesting core businesses. A long-term hold.
TOP PICK
A real company with real earnings. Has a very nice trend.
DON'T BUY
Doesn't like their history of banditry by management. Management has a difficult job picking up the pieces.
BUY
Have a lot of very, very good businesses levered to the economy.
DON'T BUY
No longer a high flier.Acquisitions used to fuel their growth.No longer have the balance sheet to make acquisitions.Will have decent growth, but nothing exciting.Not cheap.
DON'T BUY
Has probably moved up a little too fast.Still more questions to come.Still being investigated.
BUY
Impressive conglomerate. Earnings are coming out soon. Expects more upside.
HOLD
Cheap. New management. New lawsuits can be obsorbed.
WAIT
Found another 1 Billion loss in the books. If they can survive this, there are a lot of great businessess that they own.
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