While TCBY TCBY The Country's Best Yogurt
TCBY This Can't Be Yogurt (original name)
TCBY Taking Care of Business, Ya'll stockholders apparently put a lot of stock in what Shearson Lehman Hutton analyst Caroline Levy says of the $145-million frozen yogurt yogurt: see fermented milk.
Semisolid, fermented, often flavoured milk food. Yogurt is known and consumed in almost all parts of the world. company, the trade magazine Institutional Investor Institutional Investor
A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. doesn't value her opinion as highly.
Levy, you'll recall, is the Shearson analyst whose buy-and-sell recommendations have driven the stock both up and down over the past year. TCBY stock was selling at about $25 a share last summer when Levy predicted the shares would sell for $32.50 within twelve months. The stock began climbing promptly.
But July 3 of this year, levy lost her love for the frozen food treat, downgraded her earnings estimates and issued a near-sell recommendation on the stock. TCBY shares quickly plunged over $3 a share to a low of $14.63.
To some observers, Levy's learned opinions lead TCBY's stock price around like a dog on a leash, but Levy's peers at Institutional Investor magazine view her opinions with more skepticism. The magazine's October issue ranked analysts on their "All-American Research Team" and Levy just barely made the cut.
Levy didn't make the first team; she didn't make the second team; and she didn't make the third team. Her number was finally called as Levy nailed down one of the three runners-up slots.
Maybe it's her accent -- British? -- that has given her words such power in the marketplace. It's hard to sound dumb when you talk like that. Her New York City New York City: see New York, city.
New York City
City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. answering machine message, "please leave your name and number at the sound of the tone," sounds like an edict A decree or law of major import promulgated by a king, queen, or other sovereign of a government.
An edict can be distinguished from a public proclamation in that an edict puts a new statute into effect whereas a public proclamation is no more than a declaration of a law from the queen.
But one local broker contacted agrees with Levy's analysis and says TCBY's problems are real, citing an analogy to explain why.
"Other ice cream stocks have been pushing all time highs, for example, Dreyers, International Dairy Queen Dairy Queen (also known as DQ) is an ice-cream shop and fast-food restaurant franchise based in the United States and founded in 1940.
For many years the franchise's slogan was "We treat you right!" In recent years, it has been changed to "DQ something different. , and Ben and Jerry's. Industry stocks are like schools of fish -- they tend to swim together." The market is seeing a "classic divergence divergence
In mathematics, a differential operator applied to a three-dimensional vector-valued function. The result is a function that describes a rate of change. The divergence of a vector v is given by " between TCBY and other industry stocks now. Investors pay close attention to divergence, and TCBY's fish are swimming the wrong way. peers.