Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Markets & Finance

T. Weisel Downgrades Merix


T. Weisel downgrades Merix Corp. (MERX) from peer perform from outperform.

Analyst Matt Sheerin downgrades because he no longer believes shares will outperfrom its group. He says so-called "premium services" are expected to be down signficantly next quarter and be very choppy going forward.

Additionally, he thinks the management team will be severely tested over the next few quarters as it manages several moving parts, including ongoing capacity expansion. He believes earnings will remain depressed well into fiscal 2006, barring any huge demand or substantial industry consolidation.

Sheerin cuts 12 cents fiscal 2005 (ending May) earnings per share estimate to a 15-cent loss and 57 cents fiscal 2006 earnings per share to 14 cents.


LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus