Ticker Shock: Four Reasons to Listen to Oracle

Glenn Curtis  Jun 23, 2009 9:50 am

Ticker Shock: Four Reasons to Listen to Oracle
 
Tuesday's top stories and stocks with potential to move.
 

BMC Software (BMC):
 In a release earlier this morning, the Houston, Texas-based company indicated it will be in the Big Apple at its Investor Day.

It also said: “During the meeting, BMC will reaffirm its previously issued expectations for non-GAAP EPS and cash flow from operations in fiscal year 2010: The Company expects non-GAAP earnings per share in the range of $2.37 to $2.47 per share.”

My thoughts:

1. I’m a big fan of analyst days. I’m hoping many leave with that warm fuzzy feeling.

2. If this stock can punch through the 52-week high, the shares could go to the mid $40s.

3. It's nice to see that the outlook seems consistent with what it offered up back in May along with its fourth-quarter numbers.

4. At about 13.9 times this year’s estimate, it seems like a pretty good deal, too.

Rite Aid (RAD):
 The drugstore chain is due out with its numbers tomorrow. A few quick thoughts: 

1. Walgreen (WAG) might be a better place to hang your hat if you're planning to hang it in this space.

2. I don't like the fact that the stock trades under $2.

3. Huge profits don’t seem to be on the near-term horizon.

4. In truth, Walgreen’s latest quarter wasn’t exactly stellar.

Have a great day!
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