Great Trades

Great stock trades based on fundamentals and technical analysis.

Thursday, December 15, 2005

 

SFCC Update

This morning, SFBC Intl updated their EPS guidance and announced that the independent counsel's review has been completed. The new guidance is below the previous guidance because of the impact of the Bloomberg articles, but it's above the revised estimates from analysts. The Independent Cousel rejected Bloomberg's allegations. The conference call to discuss these issues is at 8:30am Eastern time at (866) 406-5369 and also available via webcast at http://www.sfbci.com/. This news should propel SFCC shares to a nice rebound today, as institutions and investors who sold out on the uncertainty will want to buy back and the many shorts will have to buy to cover. Today's rebound should break the downtrend line as well, triggering a strong buy signal. With the $1.93-1.99 guidance, SFCC has a PE of 9, less than half that of the S&P 500.

The detailed Independent Cousel report is here: http://www.sfbci.com/sfbc/upload/sfbc/banniere/sfbcrept.pdf.

Here's Briefing.com's take on the revised guidance:
06:02 ET SFBC Intl sees FY05 non-GAAP EPS of $1.88-1.93 vs $1.82 consensus; revs of $329-330.5 mln vs $350.7 consensus (SFCC) 17.66 :SFCC sees 2005 non-GAAP EPS $1.88-1.93 vs $1.82 consensus; sees revs of $329-330.5 mln vs $350.7 mln consensus. The co's EPS and non-GAAP EPS guidance includes legal and related expenses pertaining to the Bloomberg articles of approximately $0.03 per share. In addition, the co has identified approximately $0.02 in lost EPS as a direct result of one client canceling two signed contracts of ongoing studies due to the Bloomberg articles, the impact of which is included in guidance. Non-GAAP EPS excludes non-cash expenses of approximately $0.18 per fully diluted share related to amortization of intangibles and $0.14 per fully diluted share related to one-time write-offs of deferred financing costs. Co sees 2006 non-GAAP EPS of $1.93-1.99 vs $1.90 consensus; revs of $355-363 mln vs $377.4 mln consensus. Non-GAAP EPS excludes non-cash expenses of approximately $0.13 per fully diluted share related to amortization of intangibles.

Comments:
I just came across your blog and wanted to
drop you a note telling you, Friend, how impressed I was with it.
I give you my best wishes for your future endeavors.
If you have a moment, please visit my site:
loans center
It covers loans center related contents.
All the best!
 
Post a Comment



<< Home

Archives

December 2005   January 2006   February 2006   March 2006   April 2006   May 2006   July 2006   August 2006   October 2006   November 2006   December 2006   January 2007   February 2007   March 2007   April 2007   May 2007   June 2007   August 2007   October 2007   November 2007   May 2008   September 2008   October 2008   January 2009   February 2009   March 2009   April 2009   May 2009   June 2009   July 2009   August 2009   September 2009   October 2009   November 2009   December 2009   March 2010   May 2010   June 2010  

Great Trades Home    Email GreatTrades

Great Investments Blog     Great Investment Articles Blog

Disclaimer: Great Trades may have a position in all or some of the stocks discussed in this blog, but is not paid by any company to promote their stock. Great Trades contains opinions, none of which constitute a recommendation that any particular security, transaction, or investment strategy is suitable for any specific person. Great Trades does not provide personalized investment advice.

Seeking Alpha Certified

Enter your email address to subscribe:

Delivered by FeedBurner

This page is powered by Blogger. Isn't yours?