6 posts and columns on Friedman Billings Ramsey

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SunPower: Three Analysts Slash ’09 Estimates; Earnings Thursday

in News on January 27, 2009 at 10:54 am PT

With SunPower set to report earnings on Thursday after the close, solar analysts have taken a fresh look at the company this morning–and at least three of them did not like what they saw. Analysts at Friedman Billings Ramsey, Thomas Weisel Partners and Pacific Crest all had words of warning this morning for investors in the stock, sharply reducing their forecasts for 2009.

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Oracle: Another Estimate Cut Ahead of Earnings Dec. 18

in News on December 11, 2008 at 11:48 am PT

More analysts are cutting estimates on Oracle ahead of its earnings report on Dec. 18. David Hilal of Friedman Billings Ramsey expects the company to perform at the low end of guidance. But while Oracle is expected to implement cost-cutting measures–with only 23 percent loss in stock price (compared to 41 percent for the Nasdaq Composite and 39 percent on the S&P 500)–at least it’s beating the market. For now, anyway.

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Chipmakers Slashing Production as Demand Crumbles

in News on December 2, 2008 at 2:26 pm PT

There’s a dire outlook for PC chip production–most key chip companies are predicting a production drop of at least 13 percent. Taiwan Semi, the leading contract chip manufacturer, is forecasting a 29 percent drop in revenue for Q4. Accordingly, semiconductor companies are drastically reducing their output.

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Solar: Panic Sets In as Demand Crumbles

in News on November 12, 2008 at 2:00 pm PT

An early plunge in JA Solar today set off a widespread loss across the industry. Analysts expect solar companies to miss forward earnings expectations at the very least. In a post-earnings conference call, Mehdi Hosseini of Friedman Billings Ramsey characterized the mood in the industry as “near-panic.” Almost every major solar stock suffered double-digit percentage losses today.

Berger Zing: Home of the Whopper

in News on November 3, 2008 at 3:48 pm PT

Perhaps the iPhone is not as recession-proof a device as one might think. Perhaps Apple didn’t purposely low-ball its first-quarter outlook so it could wow investors when it next reports earnings. Perhaps lower-income households are not all turning to Apple’s iPhone 3G as a means of saving money. Perhaps, as Friedman Billings Ramsey analyst Craig Berger claims, Apple’s fiscal first-quarter iPhone production will be more than 40 percent lower than production in its third. Or, perhaps, Craig Berger is full of it. …

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Internet Stocks: FBR Launches Coverage; Bullish on Google, eBay, ComScore; Neutral on Bankrate; Bearish on Yahoo

in News on October 14, 2008 at 6:45 am PT

Heath Terry, the new Internet analyst at Friedman Billings Ramsey, has launched coverage of the sector this morning, setting Outperform ratings on Google (GOOG), eBay (EBAY) and ComScore (SCOR), while starting Bankrate (RATE) with a Market Perform rating, and setting Yahoo’s (YHOO) rating at Underperform.