Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Earnings in the Forefront: Citrix Systems, Standard Pacific...


For Citrix, the negative reaction is pretty much a function of the giddy enthusiasm of analysts over the last couple of weeks...


The following content appeared on the Buzz & Banter at 9:51 am and is being reposted here for the benefit of the broad Minyanville community.

  • I have yet to compare the last conference call to last night's, but from what I have seen right now Citrix Systems' (CTXS) biz is doing just fine, and at 17x 12 mln cash from operations, I'd rather buy weakness than sell strength. IMHO the negative reaction is pretty much a function of the giddy enthusiasm of analysts over the last couple of weeks, which simply set the psychological bar too high, and - again at first blush - the supposed lowering of guidance is simply off base and a function of the XenSource deal dilution.

  • I am not involved with the mortgage insurers, but they are blowing up left, right and center. They were the obvious collateral plays to housing months ago, and I really have no feel for them now. On a macro basis however, we may wanna start thinking about what a mortgage world without insurance, or with very pricey insurance, will do to an already stressed market; and what if these insurers were to even hint at issues of making good on current insurance?

  • Mark October 23 at 8:00 a.m. on your calendar, as that's when BankUnited Financial (BKUNA) reports. On the heels of the current reports from other banks (small, medium or large), they will be as good a tell as any of when/if the mortgage problems will start threatening federally insured banks.

  • With several of its bond issues now trading in the 60's and its CDS blowing out daily, what will / can Standard Pacific (SPF) tell us on October 25th? Why do I keep hammering on this? Because IMHO the improvement in the credit markets since August has been purely driven by psychology, i.e. by a belief that rate cuts, Fed meddling, and SIV shellgames will make it all better. A bankruptcy filing by a major homebuilder, and the consequent CDS payout in a multiples of the outstanding $2 bln of debt might only be marginally relevant in terms of numbers, but it could be devastating in terms of psychology.

  • Is it time for a "dollar crisis"? Does its coincidence with a now broadly expected (discounted?) Fed rate cut on Halloween back Boom Boom deeper and deeper in the proverbial corner?
< Previous
  • 1
Next >
Position in CTXS, XHB
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Featured Videos