- Susquehanna is positive on Infosys Tech (NASDAQ:INFY) saying that based on their analysis, they believe there is a nice trade to be had. Reasons include: 1) It's a strong seasonal period for Indian tech stocks, heading into early fall. 2) The soft rupee vs. the dollar and euro helps INFY margins. 3) The historic premium on Indian A.D.R.s vs. local shares has reaccelerated recently, yet the premium for INFY A.D.R.s has lagged those of peers. Also, INFY options traders have recently been sellers of July puts in multiple strikes.
Notablecalls: Looks like an actionable call.
- Hearing Deutsche Bank saying SGP and PFE have means to acquire Sepracor (NASDAQ:SEPR) in the speculated range of $65-$70. However, the deal would be only modestly accretive for both.
- Baird is defending DiamondCluster (NASDAQ:DTPI) after Barron's profiled it as the priciest stock in the Russell 2000 and criticized for an incoherent global strategy. The bloated valuation at 909x TTM earnings, however, includes non-operating expenses like restructuring charges. Valuing the stock on operating earnings and accounting for cash, DTPI shares are trading at a more attractive 17x-and the recent divestiture of its international operation greatly clarifies Diamond's growth strategy. Firm notes momentum in the quarter and a more diversified client portfolio give them increased confidence that results could exceed the high end of Q107 guidance. Maintains Outperform and $13 tgt.
Notablecall: Not actionable but good to know category.
Notablecalls: Looks like an actionable call.
- Hearing Deutsche Bank saying SGP and PFE have means to acquire Sepracor (NASDAQ:SEPR) in the speculated range of $65-$70. However, the deal would be only modestly accretive for both.
- Baird is defending DiamondCluster (NASDAQ:DTPI) after Barron's profiled it as the priciest stock in the Russell 2000 and criticized for an incoherent global strategy. The bloated valuation at 909x TTM earnings, however, includes non-operating expenses like restructuring charges. Valuing the stock on operating earnings and accounting for cash, DTPI shares are trading at a more attractive 17x-and the recent divestiture of its international operation greatly clarifies Diamond's growth strategy. Firm notes momentum in the quarter and a more diversified client portfolio give them increased confidence that results could exceed the high end of Q107 guidance. Maintains Outperform and $13 tgt.
Notablecall: Not actionable but good to know category.
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