Thursday, April 12, 2007
Wu-Tang Clan: C.R.E.A.M.
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Alright fucker how good exactly are your contacts and chatta sources :)
JP Morgan is removing Itron (NASDAQ:ITRI) from the JP Morgan Focus List as the stock price has exceeded their December 31st 2007 price target of $69.
Firm says some near-term caution is justified. They believe ITRI remains undervalued and there is potential for upward revisions to their EPS estimates for FY08 and beyond. However they don't expect significant growth of backlog in the next six months. In firm's view, large-scale AMI contracts will not be awarded until utilities have been able to assess the benefits of early AMI deployments in California and Ontario. They expect large awards to be made in late 2007/early 2008.
Firm also believe there's near-term risk associated with the pending Actaris acquisition. At minimum, ITRI will be hit with significant non-cash GAAP charges, but there might also be some near-term integration challenges. They expect the accretive benefit of the transaction to become evident in 2H07 - which might also justify revisions to EPS.
JP Morgan is removing Itron (NASDAQ:ITRI) from the JP Morgan Focus List as the stock price has exceeded their December 31st 2007 price target of $69.
Firm says some near-term caution is justified. They believe ITRI remains undervalued and there is potential for upward revisions to their EPS estimates for FY08 and beyond. However they don't expect significant growth of backlog in the next six months. In firm's view, large-scale AMI contracts will not be awarded until utilities have been able to assess the benefits of early AMI deployments in California and Ontario. They expect large awards to be made in late 2007/early 2008.
Firm also believe there's near-term risk associated with the pending Actaris acquisition. At minimum, ITRI will be hit with significant non-cash GAAP charges, but there might also be some near-term integration challenges. They expect the accretive benefit of the transaction to become evident in 2H07 - which might also justify revisions to EPS.
Attention everyone!!! Fly is away today counting his fucking money. The dude is coining cash and will soon open a mint full of Mexicans with the money he is making in MVIS! Thanks again dude for MVIS and for the DGX seasonality play!
I don't believe that Fly exists. I believe this blog is really a High School project to show how many can be fooled into believing things they read on the internet. "Fly" is probably in Florida right now on spring break and will be graduating High School in a couple of weeks.
He is a figment of our imagination. "The Fly" will never be heard from again. We have all been living in an "Augmented Virtual Reality" world and someone just pulled the plug on their experiment. How the fuck am I going to make money now.
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