Speculating in Takeover Targets Message Board

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Strategies & Market Trends : Speculating in Takeover Targets

ULBI 6.750

-1.7%

Nov 7 9:30 AM EST

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To: richardred who wrote (938)	3/31/2006 10:03:04 AM
From: richardred	Read Replies (1) of 7243

Downgrade yesterday/upgrade today/Same firm/a little indecision? I don't see this to often. finance.yahoo.com Brean Murray Cuts Arrow International to Hold Analyst Arnold Kaufman cites the company's second quarter results Analyst Arnold Kaufman says second quarter gross margins were negatively impacted by forex and training costs. The majority of workers at the company's (new) Mexico plant are new, and therefore require a longer training period than originally anticipated. He notes the company lowered its $480 million to $490 million fiscal year 2006 (ending August) revenue guidance to $476 million to $484 million, and its $1.30 to $1.35 earnings per share (EPS) to between $1.26 and $1.30. He cut his $1.32 fiscal year 2006 EPS estimate to $1.26. Due to slower than anticipated improvement in fundamentals, he downgrades the stock.

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