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Edison International 01-13 15:59 GMT
(Comment)
Yesterday Edison International operating subsidiary Southern California Edison (SCE)...
News by Carol Levenson, CFA
Yesterday Edison International operating subsidiary Southern California Edison (SCE) in a press release reported that it had filed two Electric Safety Incident Reports (ESIR) with the California Public Utilities Commission related to the ongoing Los Angeles wildfires. As a reminder, the Palisades fire is not in SCE's service territory. The first ESIR, related to the Eaton Fire (14,000 acres), was triggered by media attention and the receipt of evidence preservation notices from insurance companies lawyers. SCE's preliminary analysis of its transmission lines in the area showed no anomalies before the start of the Eaton fire. The more serious ESIR relates to the far smaller Hurst Fire (800 acres), where fire agencies are investigating the potential involvement of SCE equipment. The uncontained fires, weather forecast, and ESIR filings have sent EIX's stock down further and its bond spreads wider. While we believe the ESIR filings are a negative credit development and we acknowledge that the situation can change in an instant, we are reassured by previous legislative actions taken to preserve the financial health of California utilities amid increased wildfire threats, including comments by the Governor Newsom over the weekend supporting this policy. We reiterate our "outperform"
Constellation Brands 01-10 21:36 GMT
(Comment)
Constellation Brands reported earnings miss and its stock was decimated, down almost...
Earnings by Kim Noland
Constellation Brands reported earnings miss and its stock was decimated, down almost 15%. However, the bonds didn't move much because the company's credit measures are only modestly affected by the lackluster results. Growth in beer sales continue although at a much slower pace; management refers to subdued spending by the consumer. Wine & Spirits saw an ugly 14% decline in net sales, but it remains just 15% of the total. We will have more details in an upcoming full report.
Xerox 01-08 10:55 GMT  
(Report with Analyst's Data Sheet) 
Xerox has agreed to purchase Lexmark, a printing and printing services company that was spun off from IBM and is now privately held. Lexmark will add $2.2 billion of...
A Short Term Fix by Dave Novosel, CFA
Hewlett Packard Enterprise 12-09 11:27 GMT  
(Report with Analyst's Data Sheet) 
HewlettPackard Enterprise (HPE) closed out fiscal 2024 (ended October 31st) in fine fashion, posting a 15% increase in revenue. Similar...
Served Well By Its Servers by Dave Novosel, CFA
Gimme Credit will not publish on Monday (January 20, 2025) in observance of the Martin Luther King Jr. Day holiday.
Emerging Markets Bottom Ten Is Available

Spirit AeroSystems 01-17 
Mohegan 01-16 
Eskom 01-16 
Chevron 01-15 
Delta 01-14 
Meituan 01-13 
Sonoco 01-09 
FedEx 01-07 
Sisecam 01-06 
An Independent Viewpoint
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Every report is one page, and concludes with an actionable investment recommendation.
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