Morning Notes

Today is a huge day for the market and our Buy List. The Buy List is now up over 12% for the year. Thirteen of our 20 stocks are up over 1% today. FactSet (FDS) is at a new 52-week high, as is Biomet (BMET). We’re still waiting for any big announcements from Biomet (nothing less than $45!) on the merger front.
I also want to remind you that tomorrow I’m going to unveil the Buy List for 2007. Can you feel the excitement? Great, me too! We’ll start tracking the new list on January 1.
Yesterday, Danaher (DHR) said that it expects earnings next year in a range of $3.68 a share to $3.78 a share. That means that it’s going for about 19 times next year’s estimate. The company also narrowed its fourth-quarter range to 92 cents to 94 cents a share, from 89 cents to 94 cents a share. Home Depot (HD) announced that it’s buying China’s The Home Way. This is HD’s first move into China.
Finally, Mark Gilbert looks at how investment banks advertised themselves.

Posted by on December 14th, 2006 at 10:49 am


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.