Stock Upgrades, Downgrades From TheStreet.com Ratings

Cabela's Inc.(CAB Quote), an outdoor equipment retailer, has been downgraded to hold. While the company has experienced revenue growth, is reasonably valued and its profit margins are expanding, it has also seen disappointing return on equity, a generally unsatisfactory stock performance and unimpressive growth in net income. Third-quarter profit slipped 12% to $13.2 million, or 20 cents a share, even as revenue increased 11.5% to $546.8 million. Return on equity has slightly decreased over the same period.

Cabela's stock is down 34% over the last year, but this should not necessarily be interpreted as a negative; it could be one of the factors that may help make the stock attractive down the road. Right now, however, TheStreet.com Ratings believes that it is too soon to buy. Cabela's had been rated buy since June.

Thomson Corp.(TOC Quote), a business services company, has been downgraded to hold. The company maintains a largely solid financial position with reasonable debt levels by most measures, revenue growth, and a compelling increase in net income. However, Thomson is also struggling with disappointing return on equity, weak operating cash flow and poor profit margins. Third-quarter profit totaled $2.97 billion, or $4.61 a share, up from $418 million, or 65 cents a share, a year ago.

The latest results include a $2.7 billion gain from the sale of higher education assets. Revenue increased 11% to $1.8 billion. Earlier this year, Thomson agreed to acquire Reuters Group for about $17.6 billion.

After a year of stock price fluctuations, the net result is that Thomson's price has not changed very much. There does not seem to be any conclusive evidence that warrants the purchase or sale of this stock. Thomson had been rated buy since Oct. 29.

UCBH Holdings(UCBH Quote), a holding company for United Commercial Bank, has been downgraded to hold. The company's strength can be seen in several areas, such as its robust revenue growth, increase in net income and EPS growth. However, UCBH is also contending with a generally unsatisfactory stock performance, weak operating cash flow and disappointing return on equity.

Third-quarter net income totaled $30.8 million, or 29 cents a share, up from $25.6 million, or 26 cents a share, a year ago. Stable EPS over the past year indicate the company has sound management over its earnings and share float, and the consensus estimates suggest that there will be an upward trend in the coming year. The company's stock price declined 7.27% from a year ago.

There does not appear to be anything in this company's numbers that would change the one-year trend. UCBH Holdings had been rated buy since November 2005.

Teleflex(TFX Quote), a diversified manufacturer, has been downgraded to hold. While the company maintains a largely solid financial position with reasonable debt levels by most measures and revenue growth, it is also marked by deteriorating net income, disappointing return on equity and poor profit margins.

Teleflex posted a third-quarter net loss of $57 million, or $1.45 a share, compared with net income of $36 million or 91 cents a share a year ago. Revenue increased 8% to $656.1 million, below the industry average of 13.8%. The company has reported a trend of declining EPS over the past year. However, the consensus estimate suggests that this trend should reverse in the coming year. Net operating cash flow decreased by 15.10% to $69.11 million over the same period. Teleflex had been rated buy since November 2005.

Additional ratings changes are listed below.

Stock Upgrades, Downgrades from TheStreet.com Ratings
Company Name	Ticker	Change	New Rating	Former Rating
B&H Ocean Carriers	BHO	Downgrade	Hold	Buy
Whitemark Homes	WTMK	Downgrade	Sell	Hold
Labor Ready	LRW	Downgrade	Hold	Buy
Medtronic	MDT	Downgrade	Hold	Buy
Robert Half Intl	RHI	Downgrade	Hold	Buy
Teleflex	TFX	Downgrade	Hold	Buy
UCBH Holdings	UCBH	Downgrade	Hold	Buy
Uranium Resources	URRE	Upgrade	Hold	Sell
Thomson	TOC	Downgrade	Hold	Buy
Polymer Group	POLGB	Downgrade	Sell	Hold
Cabelas	CAB	Downgrade	Hold	Buy
Commerce Energy	EGR	Downgrade	Hold	Buy
Prestige Brands Holdings	PBH	Downgrade	Sell	Hold
Community Partners Bancorp	CPBC	Upgrade	Buy	Hold
Breitburn Energy Partners	BBEP	Downgrade	Sell
Wyndham Worldwide	WYN	Downgrade	Sell
Source: TheStreet.com Ratings