Harris Roen, Editor
Roen Financial Report
November 19, 2012
|Autodesk posted a lackluster earnings report. Revenues remained flat, and net income was down sharply from previous quarters. Despite this, EPS came in about 8% higher than analyst estimates, and the stock price jumped 3% the day earnings were released.||Press release|
|Roper plans to offer a total of $900 million in 5 year and 10 year notes later this month. This will allow financial restructuring, which is getting a positive reaction by analysts, as evidenced by the upgraded buy recommendation from Citi. Roper’s stock is up today on the news, and has gained 32% for the year.||PR Newswire article|
|Beleaguered Chinese photovoltaic company Suntech Power announced it is cutting production and laying off 50 workers at its Arizona solar plant. It’s stock price is trading near its annual lows, down almost 20% for the week on high volume.||Press release|
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It should not be assumed that recommendations made in the future will be profitable or will equal the performance of the securities mentioned in this article. Any advice and/or recommendations made in this article are of a general nature and are not to be considered specific investment advice. Individuals should seek advice from their investment professional before making any important financial decisions.