Gabelli

According to Gabelli, El Paso Electric Company (NYSE: EE) announced that on 3/21 its Board of Directors approved the reinstatement of a dividend as well as an additional 2.5 mm share repurchase program. Gabelli reported that management believes that the payment of dividends will allow it trade...

According to Gabelli, Cree (NASDAQ: CREE) lowered its 3Q11 target by 14% at its midpoint. Gabelli reported that management contributed a third of the revenue guidance cut to LED chip which experienced aggressive pricing. “In LED components, mgmt reported weaker-than-expected demand and lower sales...

According to Gabelli, Colfax (NYSE: CFX) shift in production from light to heavier crude plays well to CFX's highly engineered positive displacement pumps and pipeline service. Gabelli reported that CFX believes the long-term outlook in the Commercial Marine market is strong, driven by the need...

According to Gabelli, Ametek (NYSE: AME) fourth quarter 2010 results established quarterly records for orders, revenues, operating income and diluted earnings per share. Gabelli reported that operating income jumped 52% yoy, to $135 mm, and EPS increased 56% to $0.50, driven by higher volume, cost...

Gabelli has increased Walgreen Co.'s (NYSE: WAG) 2011 EPS estimate. According to the report, "We are increasing our Fiscal 2011 EPS estimate by $0.05 to $3.60 to account for slightly higher sales and margins, net of a 40bps higher tax rate… Q2 Sales were up 8.9% to $18.5 bn. Same store sales...

Gabelli has rated Interactive Brokers Group (NASDAQ: IBKR) Buy. According to Gabelli, "We believe IBG is well positioned to grow its brokerage business based on its automated low cost platform and broad access to global products… At the current price shares are trading at 1.27x trailing book value...

Gabelli has maintained its Hold Rating on Flowers Foods Inc (NYSE: FLO). According to the report, "Flowers continues to generate industry-leading sales growth and profits as the company expands organically into new territories, introduces new products and gains market share, while augmenting...

Gabelli has released an update on Fisher Communications (NASDAQ: FSCI). According to Gabelli, "Fisher announced that it had hired Moelis & Company to explore options to maximize the value of Fisher Plaza. Proceeds from a transaction would be used to redeem FSCI's 8.625% Senior Notes, or...

Gabelli has issued a report on Autoliv Inc.'s EPS estimates. According to the report, "We believe ALV margins have likely peaked, meaning earnings growth will be driven production increases in North America and Asian markets, particularly China. We estimate ALV will generate $6.85 in EPS during...

A report published by Gabelli states that Waters Corporation's (NYSE: WAT) strong position in the technologies that serve the liquid chromatography market should provide high single digit growth driven by continued share gains, new demand in emerging markets and continued replacement and upgrades...

In a report published by Gabelli, it believes the OptionsXpress/Schwab merger announcement is a positive for TD Ameritrade Holding (NASDAQ: AMTD) as it consolidates a direct competitor, especially in the competitive active options trader segment. Gabelli said that it believes this transaction...

In a report published by Gabelli, with AT&T and Deutsche Telekom considered main winners in the proposed AT&T's acquisition of T-Mobile USA, Sprint Nextel (NYSE: S) was yesterday viewed by investors as a consensus “loser” from this deal, with the stock declining $0.69 or 13.6% on Monday....

In a report published by Gabelli, AT&T's (NYSE: T) acquisition of T-Mobile USA makes a lot of strategic and financial sense. Gabelli said that it should enhance its spectrum and network position, improve business mix, generate significant synergies, and could lead to more rational pricing...

In a report published by Gabelli, AT&T (NYSE: T) agreed to acquire T-Mobile USA (the 4th-largest mobile operator in the U.S., with 33.7 mil. customers) on Sunday from Deutsche Telekom in a cash-and-stock transaction, valued at ~$39 billion (or ~7.1x 2010A EBITDA), consisting of $25 billion in...

In a report published by Gabelli, Safeway's (NYSE: SWY) annual investor conference on March 8th in Pleasanton, CA recapped another difficult year for food retailing. Gabelli said that the company plans to continue passing its rising costs to consumers, and believes competitors will do the same,...