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Gabelli: Weatherford's Tax Restatement
Wednesday, February 22, 2012 - 11:12amAccording to a research report published earlier today by Gabelli, Weatherford International (NYSE: WTS) reported an operationally successful 4Q. In the report, Gabelli noted other happenings: “Management concluded that it has not remediated its previously disclosed material weakness in internal...
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Gabelli: Watts Water Reports Solid 4Q11 Results
Wednesday, February 22, 2012 - 11:11amAccording to a research report published today by Gabelli, Watts Water Technologies' (NYSE: WTS) sales increased 14% YOY, and EPS was in-line with expectations. Gabelli said in the report, “In January 2012, WTS announced price increases on selected products in the wholesale distribution channel to...
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Gabelli Attends Intl. Speedway's Hollywood Casino Project Tour
Wednesday, February 22, 2012 - 11:10amIn a research report published today, Gabelli visited International Speedway Corp.'s (NASDAQ: ISCA) Hollywood Casino project, and estimated that the casino will generate $25-30 million of EBITDA for each partner in 2013. Gabelli further commented, “While there have been no “synergy” discussions,...
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UPDATE: Gabelli Downgrades Genuine Parts
Wednesday, February 22, 2012 - 11:09amAccording to a research report published earlier today, Gabelli has downgraded Genuine Parts Company (NYSE: GPC) from Buy to Hold on valuation. In the report, Gabelli explained, “We hold management in high regard and view the company as a strong free cash flow generator with a consistent history...
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Gabelli: Dana's Commercial Vehicle Strategy is Gaining Momentum
Wednesday, February 22, 2012 - 11:09amAccording to a research report published today by Gabelli, Dana Holding Corporation (NYSE: DAN) posted in-line 4Q adjusted EPS. Gabelli said in the report, “Dana continues to offer among the best risk/reward profiles in our universe. Despite strong share performance early in 2012, shares still...
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Gabelli: CH Energy to be Acquired by Fortis
Wednesday, February 22, 2012 - 11:08amAccording to a research report released today by Gabelli, CH Energy Group (NYSE: CHG) announced yesterday that it will be acquired by Fortis Inc. (TSE: FTS) for $65 per share. “The transaction is expected to close in the first quarter of 2013 upon approval from CHG shareholders, the New York...
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Gabelli: A.H. Belo's 2012 Guidance Muted by Investment Spending
Wednesday, February 22, 2012 - 11:08amIn a recent reseach report published by Gabelli, A.H. Belo (NYSE: AHC) is guiding toward adjusted EBITDA of $37-41 million. Gabelli commented in the report, “Despite improving trends, the stock declined $0.53 per share to close at $5.16, reflecting lower EBITDA guidance stemming from increased...
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Gabelli Upgrades AngioDynamics to Hold
Wednesday, February 1, 2012 - 11:39amGabelli raises its rating on AngioDynamics (NASDAQ: ANGO) to Hold as the company announces accretive deal to acquire Navilyst Medical for $372 million in cash and stock. Gabelli comments, "Overall we think this is a strategic and accretive deal for ANGO. This deal also more than offsets the loss...
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Gabelli Has Buy on Autoliv
Wednesday, October 26, 2011 - 3:10pmGabelli is out with a research report on Autoliv (NYSE: ALV) and it has a Buy rating on shares. In a note to clients, Gabelli writes, "We are raising our EPS estimate for FY11 by $0.25 to $7.00 on better than expected SG&A leverage as well as a stronger operating margin for 4Q. Meanwhile, we...
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Gabelli Maintains Hold on IDEX
Thursday, October 20, 2011 - 9:28amGabelli is out with its report today on IDEX (NYSE: IEX), maintaining Hold. In its report, Gabelli writes, "4Q11 EPS guidance of $0.60-$0.63 p.s. were slightly less than expected on a lower rate of 30%. However, the full year EPS guidance of $2.51-$2.54 p.s. were better than expected due to the...
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