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Zacks Analyst Blog Highlights: CIT Group Inc., Dean Foods, Frontier Communications, Verizon Communications and Time Warner Cable.


http://www.zacks.com/

CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: CIT n. 1. A citizen; an inhabitant of a city; a pert townsman; - used contemptuously.
Which past endurance sting the tender cit.
- Emerson.
 Group Inc. (NYSE NYSE

See: New York Stock Exchange
: CIT), Dean Foods (NYSE: DF), Frontier Communications (NYSE: FTR FTR Fighter
FTR For The Record
FTR Federal Travel Regulation
FTR Formal Technical Review
FTR Full Text Retrieval
FTR Financial Transmission Right
FTR Florida Trail Riders (motorcycling)
FTR Full-Time Regular
), Verizon Communications (NYSE: VZ) and Time Warner Cable This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article.  (NYSE: TWC TWC The Weather Channel
TWC Time-Warner Cable
TWC Texas Workforce Commission (also seen as TWFC)
TWC The Wellness Community
TWC The Washington Center
TWC Teachers & Writers Collaborative
TWC Trustworthy Computing
).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Monday's Analyst Blog:

CIT Group Files Chapter 11

CIT Group Inc. (NYSE: CIT) has filed for Chapter 11 protection on Sunday. The company struggled for months to avoid collapse since the recession elicited billions of dollars in loan losses, and the financial crisis made it incapable of funding itself from its main financing source.

This widely expected Chapter 11 filing is one of the largest in U.S. history, following Lehman Brothers, Washington Mutual, WorldCom and General Motors. The U.S. government will probably lose most of its $2.3 billion aid given to CIT last December through the Troubled Asset Relief Program (TARP). We think the problems at CIT will further weigh on the U.S. economy.

CIT's bankruptcy filing shows $71 billion in finance and leasing assets against total debt of $64.9 billion. The company cited that its bondholders selected a prepackaged pre·pack·age  
tr.v. pre·pack·aged, pre·pack·ag·ing, pre·pack·ag·es
To wrap or package (a product) before marketing.

Adj. 1.
 reorganization plan A scheme authorized by federal law and promulgated by the president whereby he or she alters the structure of federal agencies to promote government efficiency and economy through a transfer, consolidation, coordination, authorization, or abolition of functions.  which will reduce total debt by $10 billion while allowing the company to run its business.

According to management, the decision to proceed with the company's plan of reorganization will allow it to continue to provide funding to two sectors -- small business and middle market customers -- which remain vital to the U.S. economy.

Dean Foods Beats, Ups Guidance

Dean Foods (NYSE: DF) reported relatively strong third-quarter results with earnings of 34 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
. Quarterly earnings were up 21% year-over-year.

Quarterly net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 declined 13.2% year over year to $2.7 billion due to the pass-through of lower overall dairy commodity costs, despite positive contributions from acquisitions and lower net sales volumes in the WhiteWave-Morningstar operations, which were partially offset by acquisition-related volume growth in Fresh Dairy Direct and WhiteWave-Morningstar.

Net sales in the Fresh Dairy Direct segment declined 18.3% as the company passed some of the lower dairy costs to customers but were partially offset by continued volume growth. Raw milk prices were 45% lower compared to the prior-year.

Frontier Deal Wins Key Approvals

Frontier Communications (NYSE: FTR), a leading telecom operator in rural and suburban areas in the US, has reportedly received approvals from the Public Utilities Commissions of the states of California and Neveda and Public Service Commission of South Carolina South Carolina, state of the SE United States. It is bordered by North Carolina (N), the Atlantic Ocean (SE), and Georgia (SW). Facts and Figures


Area, 31,055 sq mi (80,432 sq km). Pop. (2000) 4,012,012, a 15.
 for its impending im·pend  
intr.v. im·pend·ed, im·pend·ing, im·pends
1. To be about to occur: Her retirement is impending.

2.
 acquisition of the rural fixed-line business of Verizon Communications (NYSE: VZ).

Moreover, the acquisition was recently approved by the shareholders of Frontier. The transaction is now subject to approval by the Federal Communications Commission Federal Communications Commission (FCC), independent executive agency of the U.S. government established in 1934 to regulate interstate and foreign communications in the public interest.  (FCC (1) (Federal Communications Commission, Washington, DC, www.fcc.gov) The U.S. government agency that regulates interstate and international communications including wire, cable, radio, TV and satellite. The FCC was created under the U.S. ) and other closing conditions and is expected to close during the second quarter of 2010.

Verizon is divesting its rural fixed-line business (involving approximately 4.8 million access lines) in 14 states to Frontier under an agreement valued at approximately $8.6 billion. Under the deal terms, Verizon's shareholders will receive approximately $5.25 billion in common stock of Frontier, equating to around 68% stake in the company.

Moreover, Verizon will also receive $3.3 billion in cash and debt securities from Frontier. The transaction, if successful, will provide Verizon's shareholders a controlling interest in Frontier.

This deal represents a major opportunity for Frontier as the company remains significantly challenged by the beleaguered be·lea·guer  
tr.v. be·lea·guered, be·lea·guer·ing, be·lea·guers
1. To harass; beset: We are beleaguered by problems.

2. To surround with troops; besiege.
 economic conditions in its service territories and contends with loss of legacy landline telephony business to wireless and other competitive offerings by cable TV operators such as Time Warner Cable (NYSE: TWC). Frontier continues to experience decline in revenues which is, to a great extent, attributable to consistent sequential decline in fixed access lines.

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Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

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A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4580.

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Publication:Business Wire
Geographic Code:1U3IL
Date:Nov 3, 2009
Words:988
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