Zacks Analyst Blog Highlights: Petroleum Development Corporation, Smith Micro and LIN TV.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: Petroleum Development Corporation (Nasdaq: PETD PETD Pulse Electro Thermal De-Icing PETD Post-Irradiation Examination Technology Development ), Smith Micro (Nasdaq: SMSI SMSI sommet mondial de la société de l'information SMSI Strong Metal-Support Interaction SMSI Simplified Message Service Interface ) and LIN TV LIN TV Corporation is an American holding company that operates 31 television stations. History LIN TV's roots trace back to the founding of its former parent, LIN Broadcasting Corporation, in the mid 1960s. (NYSE NYSE See: New York Stock Exchange : TVL TVL Travel TVL TV Lines (resolution) TVL Transvaal TVL The Vampire Lestat (Anne Rice) TVL TV Land (television station) TVL Tenth-Value Layer ). See the latest posts to the Analyst Blog by visiting: http://at.zacks.com/?id=2673 Here are highlights from Friday's Analyst Blog: Initiating PETD a Buy We are initiating coverage on Petroleum Development Corporation (Nasdaq: PETD) with a Buy recommendation and a 12-month target price of $55. The company is a relatively low-risk development-drilling-focused E&P operator with valuable Rockies assets. We estimate double-digit reserve and production growth over the next three years driven entirely by existing development projects. A favorable leasehold acquisition with the company's like-kind exchange funds would offer additional upside. Target $20 on SMSI Smith Micro (Nasdaq: SMSI) is a developer of wireless communications software and utility software for multiple OS platforms. It has significant relationships with several large cellular providers and OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and cell phone manufacturers. Revenue growth is benefiting from new products such as music downloads to cell phones. Future products include video downloads and Enterprise communications management. We have increased our estimates for 2007 and 2008 and kept our P/E P/E See: Price/earnings ratio estimate unchanged. Our new price target is $20 a share and our rating remains a BUY. LIN TV Highly Leveraged LIN TV (NYSE: TVL) operates a very strong local news franchise, boasting the number one or two local news stations in 78% of its markets, which enables it to capture a greater share of revenue. However, after acquiring seven TV stations in 2005, LIN TV is one of the most leveraged broadcasters at a slow-growth mature stage of the industry's life cycle. This high leverage hurts profit margins as the ad cycle weakens. Indeed, auto ad revenue, which accounts for 25% of LIN's total, has been hit hard by the U.S. automaker's financial struggles. Moreover, LIN is less profitable than most of its peers, generating an ROIC ROIC Return On Invested Capital ROIC Return On Investment Capital ROIC Readout Integrated Circuit ROIC Resident Officer In Charge ROIC Regional Office Implementation Committee of less than 4% and less than its cost of capital -and we don't foresee a near-term uptrend. See the latest posts to the Analyst Blog by visiting http://at.zacks.com/?id=2645 About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis Qualitative Analysis Securities analysis that uses subjective judgment based on nonquantifiable information, such as management expertise, industry cycles, strength of research and development, and labor relations. to help investors know what stocks to buy and which to sell for the long-term. 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. Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today by visiting http://at.zacks.com/?id=2674. About Zacks Zacks.com is a property of Zacks Investment Research Zacks Investment Research 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. |
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