TSC Ratings' Updates: Foster Wheeler

Shares have plunged by 40.83% compared to where it was selling one year ago, apparently dragged down by the decline we have seen in the S&P 500, along with other factors. Although its share price is down sharply from a year ago, do not assume that it can now be tagged as cheap and attractive. The reality is that, based on its current price in relation to its earnings, Time Warner Cable is still more expensive than most of the other companies in its industry.

We've downgraded Whirlpool(WHR Quote), which engages in the manufacture and marketing of home appliances worldwide, from buy to hold. Strengths include its revenue growth, good cash flow from operations and notable return on equity. Weaknesses include unimpressive growth in net income, poor profit margins and generally poor debt management.

Whirlpool's revenue growth of 4.6% since the same quarter one year prior trails the industry average of 15%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share. Net operating cash flow has significantly increased by 143.79% to $373.00 million when compared with the same quarter last year, vastly surpassing the industry average cash flow growth rate of -716.66%. The gross profit margin is rather low at 17.80%, having decreased from the same quarter the previous year. The net profit margin of 2.30% trails that of the industry average.The net income has significantly decreased by 27.3% when compared with the same quarter one year ago, falling from $161.00 million to $117.00 million, significantly underperforming the household durables industry average but outperforming the S&P 500.

Other ratings changes include Student Loan(STU Quote) and Foundation Coal(FCL Quote), both downgraded from hold to sell.

All ratings changes generated on Oct. 24 are listed below.

Ticker	Company	Current	Change	Previous
ACGL	Arch Capital Group	HOLD	Downgrade	BUY
ACS	Affiliated Computer Services	HOLD	Downgrade	BUY
AFFX	Affymetrix	SELL	Downgrade	HOLD
AFL	AFLAC	HOLD	Downgrade	BUY
AHL	Aspen Insurance	HOLD	Downgrade	BUY
ALXN	Alexion Pharmaceuticals	HOLD	Upgrade	SELL
AMMD	American Medical	HOLD	Downgrade	BUY
AMN	Ameron International	HOLD	Downgrade	BUY
AMOV	America Movil	HOLD	Downgrade	BUY
ANAD	Anadigics	SELL	Downgrade	HOLD
ANL	American Land Lease	SELL	Downgrade	HOLD
APH	Amphenol	HOLD	Downgrade	BUY
BC	Brunswick	SELL	Downgrade	HOLD
BMC	BMC Software	HOLD	Downgrade	BUY
CAKE	Cheesecake Factory	SELL	Downgrade	HOLD
CEC	CEC Entertainment	HOLD	Downgrade	BUY
CHKP	Check Point Software	HOLD	Downgrade	BUY
CLNE	Clean Energy Fuels	SELL	Downgrade	HOLD
CNB	Colonial Bancgroup	SELL	Downgrade	HOLD
COH	Coach	SELL	Downgrade	HOLD
CP	Canadian Pacific Railway	HOLD	Downgrade	BUY
CSKI	China Sky One	HOLD	Downgrade	BUY
CYN	City National	HOLD	Downgrade	BUY
ECA	Encana	HOLD	Downgrade	BUY
ECPG	Encore Capital	HOLD	Downgrade	BUY
EFII	Electronics for Imaging	SELL	Downgrade	HOLD
EPAY	Bottomline Technologies	SELL	Downgrade	HOLD
EV	Eaton Vance	HOLD	Downgrade	BUY
FCL	Foundation Coal	SELL	Downgrade	HOLD
FWLT	Foster Wheeler	HOLD	Downgrade	BUY
GG	Goldcorp	HOLD	Downgrade	BUY
GLF	Gulfmark Offshore	HOLD	Downgrade	BUY
GOK	Geokinetics	SELL	Downgrade	HOLD
HPY	Heartland Payment	HOLD	Downgrade	BUY
HUB.A	Hubbell	HOLD	Downgrade	BUY
HWCC	Houston Wire & Cable	SELL	Downgrade	HOLD
INIS	International Isotopes	SELL	Downgrade	HOLD
IO	Ion Geophysical	HOLD	Downgrade	BUY
IOC	InterOil	SELL	Downgrade	HOLD
IVGN	Invitrogen	HOLD	Downgrade	BUY
JCI	Johnson Controls	HOLD	Downgrade	BUY
JOSB	Jos. A Bank Clotheirs	HOLD	Downgrade	BUY
KV.A	K V Pharmaceutical	HOLD	Downgrade	BUY
KV.B	K V Pharmaceutical	HOLD	Downgrade	BUY
KYCN	Keystone Consolidated	SELL	Downgrade	HOLD
LAYN	Layne Christensen	HOLD	Downgrade	BUY
MAS	Masco	SELL	Downgrade	HOLD
MDT	Medtronic	HOLD	Downgrade	BUY
MOV	Movado Group	HOLD	Downgrade	BUY
NNDS	NDS Group	HOLD	Downgrade	BUY
NOV	National Oilwell Varco	HOLD	Downgrade	BUY
NPO	Enpro Industries	HOLD	Downgrade	BUY
NSTC	Ness Technologies	HOLD	Downgrade	BUY
NUS	Nu Skin Enterprises	HOLD	Downgrade	BUY
OII	Oceaneering International	HOLD	Downgrade	BUY
PARL	Parlux Fragrances	SELL	Downgrade	HOLD
PCAR	Paccar	HOLD	Downgrade	BUY
PHIIK	PHI	HOLD	Downgrade	BUY
PNM	PNM Resources	SELL	Downgrade	HOLD
POWI	Power Integrations	HOLD	Downgrade	BUY
PTEC	Phoenix Technologies	SELL	Downgrade	HOLD
PXD	Pioneer Natural Resources	HOLD	Downgrade	BUY
RBI	Sport Supply Group	HOLD	Downgrade	BUY
SAY	Satyam Computer	HOLD	Downgrade	BUY
SON	Sonoco	HOLD	Downgrade	BUY
SPW	SPX	HOLD	Downgrade	BUY
STEI	Stewart Enterprises	HOLD	Downgrade	BUY
STU	Student Loan	SELL	Downgrade	HOLD
TDW	Tidewater	HOLD	Downgrade	BUY
TTC	Toro	HOLD	Downgrade	BUY
TWC	Time Warner Cable	SELL	Downgrade	HOLD
TWOC	Trans World	SELL	Downgrade	HOLD
VAL	Valspar	HOLD	Downgrade	BUY
WHR	Whirlpool	HOLD	Downgrade	BUY
WSC	Wesco Financial	HOLD	Downgrade	BUY
WY	Weyerhauser	SELL	Downgrade	HOLD
XLNX	Xilinx	HOLD	Downgrade	BUY
Source: TheStreet.com Ratings

Each business day, TheStreet.com Ratings updates its ratings on the stocks it covers. The proprietary ratings model projects a stock's total return potential over a 12-month period, including both price appreciation and dividends. Buy, hold or sell ratings designate how the Ratings group expects these stocks to perform against a general benchmark of the equities market and interest rates.

While the ratings model is quantitative, it uses both subjective and objective elements. For instance, subjective elements include expected equities market returns, future interest rates, implied industry outlook and company earnings forecasts. Objective elements include volatility of past operating revenue, financial strength and company cash flows.

However, the rating does not incorporate all of the factors that can alter a stock's performance. For example, it doesn't always factor in recent corporate or industry events that could affect the stock price, nor does it include recent technology developments and competitive dynamics that may affect the company.

For those reasons, we believe a rating alone cannot tell the whole story, and that it should be part of an investor's overall research.