I’ve Been Downgraded
Lance downgraded to “neutral”
NEW YORK, April 19Analysts at Davenport & Company downgrade Lance Inc (LNCE.NAS) from “buy” to “neutral.”
In a research note published this morning, the analysts mention that the downgrade in rating reflects the company’s reduced guidance, following 4Q06 results. Lance’s revenues are expected to have grown by 1%-2% to $190 million and gross margins might have expanded slightly to 43.7% in 1Q, the analysts say. For the full year, the company is likely to post double-digit operating income growth, driven by continued operating margin expansion of approximately 90-100bps, Davenport & Company adds.
April 20th, 2007 at 8:41 pm EST
Doesn’t surprise me one bit, given all the pseudo-liberal posts you’ve made lately…..
April 20th, 2007 at 11:36 pm EST
I wasn’t sure what that meant, so I looked up “liberal” in the dictionary:
From my estimation, then, it seems that I’m liberal on foreign policy with Cuba, China’s media, war, kitchen appliances, and bear emancipation. But I’m clearly the opposite on racism, drugs, and gun control. You’re right, HP … but if a label is indeed necessary, then I think the term “semi-liberal” is more accurate.
April 21st, 2007 at 1:56 am EST
April 25th, 2007 at 11:14 am EST
Oh lance I’m so sorry. I hope you can go up a bit more on those pesky charts. Remember…statistics are the weirdest liars ever.