GENERAL MOLY, INC. (about-to-be renamed from Idaho General Mines, GMO $6.81, rated Neutral) COVERAGE INITIATION AND FIELD TRIP HIGHLIGHTS 9/23/2007
Plum Creek (PCL $44.95, Overweight) GLOBAL LIQUIDITY, RATE CUT, NEW HOUSING PERMITS, AND HIGH ENERGY PRICE LEAD TO INCREASED PRICE TARGET OF $80 DESPITE ESTIMATE CUTS 9/21/2007
FREEPORT-McMORAN COPPER AND GOLD (FCX $95.00, 9-19-05, rated Overweight) EARNINGS ESTIMATES AND PRICE TARGET RAISED OWING TO BETTER THAN EXPECTED COPPER, GOLD AND MOLY PRICES 9/19/2007
“A TIME FOR THE TOES,” A STUDY OF THE CORRELATION BETWEEN THE PERFORMANCE OF THE PITTSBURGH STEELERS AND THE RELATIVE PERFORMANCE OF STEEL STOCKS 9/23/2007
FOREST PRODUCTS INDUSTRY – – HOUSING PERMITS UP IN 12 STATES AND DOWN 3% OR LESS IN 6 STATES AND DC IN FIRST SEVEN MONTHS OF 2007; FOUR STATES REPRESENT OVER 2/3 OF NATIONAL DECLINE 9/18/2007
NEWMONT MINNG (NEM $45.99, rating raised to Overweight) GLOBAL LIQUIDITY INJECTION, RATE CUT, WEAK $ AND LOUSY CREDIT SYSTEM SET PLATE FOR HIGHER GOLD PRICES; RATING RAISED TO OVERWEIGHT, GOLD PRICE OUTLOOK RAISED AND EARNINGS ESTIMATES TOO 9/18/2007
LOUISIANA-PACIFIC (LPX $16.78, rated Underweight) EARNINGS ESTIMATES AND PRICE TARGET CUT 9/16/2007
ALL METALS PRICES RISE, INVENTORIES MIXED AS COPPER AND LEAD FALL WHILE ALUMINUM, NICKEL AND ZINC INVENTORIES RISE 9/16/2007
WORTHINGTON INDUSTRIES (WOR $20.45, rated Neutral) SHARE PRICE STABLE EVEN AS AUTO AND HOUSING MARKETS OR CYCLICAL SHARES GENERALLY SELL OFF IN VOLATILE MARKET 9/12/2007
ALCOA (AA $33.65, rated Neutral) TO BOOK A $1 PER SHARE GAIN FROM SALE OF 7% OF CHALCO; A JUDGEMENT ON CHINESE ALUMINA/ALUMINUM 9/12/2007