News from Last Week

I forgot to mention this last week, but one of our Buy List stocks, Fiserv (FISV), rose nearly 10% in last week’s trading.
The company agreed to sell its Fiserv Investment Support Services business in two separate transactions. The stock was also upgraded by Cowen & Co. Shares of FISV are up 12.32% this year.
Also, Donaldson (DCI) got hit despite a good earnings report. I’m still trying to figure this one out. At one point on Wednesday, DCI was down 9%.
Earnings came in at 49 cents a share, four cents ahead of estimates. Sales came in at $484 million which also Wall Street’s estimate of $462 million. The company sees full-year EPS of $1.73 to $1.80.

Posted by on June 4th, 2007 at 8:07 am


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