Zarlink (ZL.TO)

BUY
Doing a really good job of taking costs out of the business. Have been selling some of their assets and streamlining their operations. Have been focusing more on their products that garner bigger margins. Strengthening the balance sheet and their revenues are starting to perk up.
BUY
In the top 25% of his database at 136. Looking for a 31% earnings growth against a 15 P/E making it cheap.
BUY
Had a good uptrend from October to April, followed by a downtrend but feels the low in June is a meaningful one and it will hold. If the market gets going, this particular sector which has been beaten up in the US, should do well.
HOLD
Possible Mitel spin out has been discounted for quite a while and also, is relatively small. To continue having the stock price go up, they have to prove, quarter by quarter, that they are profitable. Easy money has probably been made.
BUY
Current earnings are very good but the outlook reported is a little bit muted. Has a ton of cash. Was a turnaround story. Now to take the next step, it has to become a growth story that he thinks it has the ability to do.
HOLD
Starting to do a reasonable job on refocusing on more profitable parts of the business under the new CEO. Doesn't trade on a par with other semiconductors. Streamlining operations and have sold some assets.
BUY
In the top 17% of his database. For Mar/07 earnings are expected to be $0.09 which is a high PE of 39. There is the possibility that the company will continue to do reorganisation which will continue to improve earnings.
BUY ON WEAKNESS
The downtrend is over. There is a period of consolidation in 2005. Thinks it is fine, but you might want to wait for it to fall back slightly.
DON'T BUY
Has a sordid financial history. In a niche, but could be in danger of getting squeezed. They continue to reinvent themselves, sometimes successfully, sometimes not.
BUY
This company had a remarkable turnaround in consensus earnings. The mean estimate is $0.08. He has a model price of $4.05 which is at 27% positive differential.
BUY ON WEAKNESS
Tremendous little company and investors are just beginning to perceive the value in it. At the beginning of a longer trend going forward. It's always just jumping ahead of where he would like to buy it. Would like to see it 15/20% lower.
DON'T BUY
New management has gone through a very substantial cost cutting effort. Have refocused the business into three product lines. Longer term, they are taking the right tack, but for the present would consider taking some money off the table.
BUY
It is in the top 10% of rank. If the market pulls back, they will too. It is not dirt cheap. The company has cut expenses. He owns but not a huge position.
BUY
Continues to like it. The easy money has been made. Looking at it for the next 3/6 months to see how they are going to grow their business. Likes the business they are in. They have tons of cash.
HOLD
A technology specialist he relies on has a hold/sell on it. He thinks there is some good news coming, which would be a time to lighten up.
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