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| TODAY'S COMMENTS |
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| 6:06pm Psychiatric Solutions Psychiatric Solutions just confirmed in an 8-K filing that the company is in talks to... | | Rumor by Vicki Bryan | |
| 11:35am Bon-Ton Stores This morning, Bon-Ton Stores reported results slightly ahead of our expectations. For the... | | Earnings by Evan Mann, CFA | |
| 11:10am Novartis AG Novartis Capital (guaranteed by Swiss pharmaceuticals giant Novartis) issued $5 billion in short-... | | New Issue by Carol Levenson, CFA | |
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| TODAY'S REPORTS |
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| Investment Grade |
| | Kroger Kroger Co. reported mixed results for its fourth quarter, capping a difficult year for the nation's largest conventional supermarket operator. But Kroger's... | | March To Savings by B. Craig Hutson, CFA | |
| | Public Service Enterprise Group On Monday, Public Service Enterprise Group held an analyst conference, originally scheduled for February 26. On March 2, Public... | | Right Assets, Right Plan by Philip C. Adams, CFA | |
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| High Yield |
| | Terex Terex stock is up about 15% in the last week, perhaps due to speculation the the company could be acquired. We expect Terex to be an acquirer instead, using the cash... | | Target Practice by Shelly Lombard | |
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| TUESDAY'S COMMENTS (3/9/2010) |
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| 4:25pm Amgen Inc. The company joined the bond issuance parade today, reportedly issuing $1 billion in two tranches. ... | | New Issue by Carol Levenson, CFA | |
| 4:12pm Anheuser-Busch Inbev Moody's affirmed its 'Baa2' rating on Anheuser-Busch Inbev and raised its outlook to... | | Ratings Action by B. Craig Hutson, CFA | |
| 2:21pm Sprint Nextel Corporation Sprint's shares are trading up sharply for the second consecutive day. The... | | Market Movement by Dave Novosel, CFA | |
| 1:45pm U.S. Concrete U.S. Concrete stock may be delisted soon unless the price recovers consistently above $1 per... | | News by Vicki Bryan | |
| 12:34pm Smithfield Foods There was encouraging news yesterday that should benefit Smithfield Foods. The U.S... | | News by Vicki Bryan | |
| 11:20am Limited Brands Yesterday, Limited Brands announced that it has paid off the remaining $200 million of its term... | | News by Evan Mann, CFA | |
| 11:03am Merck As was expected (see our comment dated 7/30/09), this morning Merck and Sanofi-Aventis announced they were... | | Asset Sale by Carol Levenson, CFA | |
| 9:44am Toyota Motor Corporation Toyota went to great pains yesterday to discredit an SIU professor and ABC News... | | News by B. Craig Hutson, CFA | |
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| TUESDAY'S REPORTS (3/9/2010) |
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| Investment Grade |
| | MetLife The early line on the MetLife-ALICO transaction from equity investors is that the deal will be a win-win combination. Bondholders have taken a slightly more cautious... | | Global Reach by Kathleen Shanley, CFA | |
| | Walt Disney A couple of Oscars and an impressive opening weekend for its new release, Alice in Wonderland, was overshadowed by the spat with Cablevision regarding... | | An Oscar For Retransmission by Dave Novosel, CFA | |
| | Masco Masco got a boost from the rating agencies just in time for its first new issue in three years. But the outlook for housing starts and home improvement spending is... | | Bond-Aid by Carol Levenson, CFA | |
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| High Yield |
| | Teekay Corporation The cyclical low point for tanker spot market rates may be in the rear view mirror. Last week, Teekay Corporation reported fourth quarter EBITDA in... | | Spot Rates In The Tank by Evan Mann, CFA | |
| | Wendy's/Arby's Group Stock in Wendy's/Arby's Group took a dive last Thursday after the company announced fourth quarter results that missed market estimates for... | | Forewarned is Forearmed by Vicki Bryan | |
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 | An Independent Viewpoint |
 | Rigorous Analysis |
 | Coverage of Key Securities |
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| Every report is one page, and concludes with an actionable investment recommendation. |
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| Mar 9, 2010 | Marketwatch |
| KS on "AIG Wraps Up Deal With MetLife" Quote- But KS said now that AIG has dealt away its biggest chips with the Alico and AIA sales, she doesn't expect any comparably scaled deals in the future... |
| Mar 9, 2010 | Bloomberg |
| KS on "GMAC Finance Chief Hull Will Join Providence Equity" Quote-Under normal circumstances, it wouldn't be surprising to see a shake-up in the executive ranks when a new CEO comes in." |
| Mar 8, 2010 | Forbes.com |
| KS on "AIG Wraps Up Deal With MetLife" Quote - "ILFC's debt burden has been a deterrent to potential buyers." |
| Mar 5, 2010 | Medill Report |
| DN on "R.R. Donnelley's new acquisition is a good fit, but analysts are still concerned" Quote- "The biggest problem is that it's a fragmented industry, with tons of smaller competitors. As large as Donnelley is, their market share is small... |
| Mar 5, 2010 | Bloomberg |
| KS on "U.S. Corporate Credit Risk Index Falls to Lowest in Six Weeks" Quote - "A company filing this week with the U.S. Securities and Exchange Commission shows it "still faces significant challenges in working out its portfolio of troubled assets..." |
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