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   February 8, 2010 @ 9:50 PM EST
TODAY'S COMMENTS
4:03pm MGM Mirage MGM's overleveraged balance sheet is keeping it busy. Today it announced in an 8-K that it is...
11:24am Bombardier Bombardier announced this morning it plans to sell $1 billion of 8 and 10 year senior notes to...
8:22am Air Products On Friday the heretofore conservative Air Products released a "bear hug" letter disclosing its...
TODAY'S REPORTS
Investment Grade
Tyson Foods  Tyson Foods on Friday reported strong results for its fiscal 2010 first quarter. The results reflect continued momentum from the second half of 2009.
PPL Energy Supply  On Friday, PPL Corp. announced fourth quarter and full-year results for 2009 and reaffirmed 2010 ongoing earnings guidance, at midpoint an increase of...
High Yield
Pinnacle Entertainment  Pinnacle Entertainment had disappointing news for investors last Friday. Not only did it report very weak fourth quarter results, the company is...
Steel Dynamics, Inc.  In early December, Steel Dynamics warned that a decline in scrap prices could lead to lower shipments and margin compression at its metal...
M/I Homes  Most builders turned profitable in the December quarter, largely thanks to tax benefits to net income, while revenue remained decidedly in decline. M/Homes topped...
FRIDAY'S COMMENTS (2/5/2010)
7:38pm Pinnacle Entertainment Pinnacle's earnings were even softer than we expected. We had recently commented...
4:32pm Tyson Foods, Inc. Tyson Foods reported much better results for its fiscal 2010 first quarter. Sales for the...
4:25pm Sally Beauty Holdings Sally posted a very good first fiscal quarter (ended December) that saw distinctly...
4:09pm PPL Corp. PPL Corp. reported Q4 earnings from ongoing operations of $198 million, up 13% from a year ago. The...
4:08pm Mohegan Sun Mohegan posted good first fiscal quarter (ended December 31) results. Although revenue was down...
3:21pm Allegheny Energy Allegheny Energy reported Q4 results considerably better than consensus, resulting in...
12:44pm Deutsche Telekom AG Deutsche Telekom is reportedly considering an IPO of T-Mobile USA. Speculation is that...
12:28pm Toyota Motor Corporation S&P today placed its 'AA' rating for Toyota Motor Company on CreditWatch with...
11:58am Weyerhaeuser Company Even after its usual slew of adjustments for "special items," Weyerhaeuser reported...
11:52am State Street State Street said yesterday that it reached a settlement with the SEC and with officials in...
11:51am Freescale Semiconductor Freescale is seeking an amendment to its senior secured credit facilities to...
11:14am Colgate Colgate yesterday raised its dividend 20.5% and announced a new 40 million share repurchase...
11:13am TECO Energy TECO Energy reported Q4 and 2009 results and provided 2010 guidance. Earnings matched consensus...
10:40am Arrow Electronics, Inc. Cisco was not the only technology standout on Wednesday afternoon. Arrow reported...
9:19am Cisco Systems The technology sector received a well-needed shot in the arm late Wednesday when Cisco released...
8:01am Vodafone Vodafone's shares were up sharply yesterday after the release of fiscal third quarter revenue (Note...
FRIDAY'S REPORTS (2/5/2010)
Investment Grade
January Retail Sales  January is a small sales month, but with January sales come full year sales reports from many retailers. In general, the best performers this...
Time Warner  Getting rid of AOL has done wonders for Time Warner's year-over-year comparisons. Whereas AOL was reporting revenue declines in the 23% range over the past...
High Yield
Starwood Hotels & Resorts  Travellers are still able to get a bargain at luxury and upscale hotels because room rates remain depressed. Starwood yesterday reported...
Tenneco  The fourth quarter results Tenneco posted yesterday are evidence it's coming out of the economic downturn that began in late 2008. The company is coming out...
New Investment Grade Top Ten coming Tuesday, February 16th.

Tyson 2/8 
Intl Paper 2/3 
Whirlpool 2/2 
WellPoint 2/2 
Horton 2/2 
UnitedHealth 2/2 
Blockbuster 2/1 
Southwest 1/27 
Sherwin 1/26 
Delta 1/26 
Johnson 1/26 
MDC 1/19 
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Feb 5, 2010 | Los Angeles Times
BCHutson on Toyota "Toyota resumes sales of recalled models" Quote-"There are so many unknowns at this point that it is hard to put a number on this thing. I think that there is a much greater likelihood that the fallout from this will be worse..."
Feb 5, 2010 | Sacramento Bee
SLombard on McClatchy "Bee parent McClatchy refinances its debt" Quote - "It gives them some time."
Feb 4, 2010 | Bloomberg
BCHutson on Kraft "Kraft Raises $9.5 Billion to Fund Buyout After Sweetening Terms" Quote-"Kraft chose "a good time" to come to the credit market because rates are low and spreads are tight...The company will be "stretched" to keep its IGcredit rating...
Feb 4, 2010 | Bloomberg
KNoland on Blockbuster "Blockbuster Bonds Are Worst 2009 Junk Issue After Loss Estimate" Quote -"It may not be possible to turn Blockbuster's business around," KN wrote Feb. 1 in a note. Her firm downgraded the company to "deteriorating" from "stable."
Feb 3, 2010 | The Tennessean
VB on"HCA's big payout before expected IPO raises red flags"Quote-"The fourth quarter looks weak, and I expect a tougher business environment for hospitals in 2010 as pricing fades and cost inflation outpaces revenue growth," referring to HCA's preview...
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