This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
See Cramer's multi-million dollar portfolio for FREE and get his new book Get Rich Carefully! Learn More

Ratings Changes: BlackRock, Iron Mountain

TSC Ratings provides exclusive stock, ETF and mutual fund ratings and commentary based on award-winning, proprietary tools. Its "safety-first" approach to investing aims to reduce risk while seeking outperformance on a total return basis.

TheStreet.com Ratings downgraded BlackRock (BLK) to "hold." The company provides investment management, risk management and advisory services.

The numbers: Fiscal first-quarter revenue fell 24% to $987 million as net income declined 65% to $84 million and earnings per share dropped 66% to 62 cents. Operating margin fell 74 basis points to 30% and net margin dropped 1,007 basis points to 8.5%. BlackRock's financial position is strong with just $1.1 billion of debt, compared to $1.8 billion of cash. Although BlackRock is one of the strongest players in the financial sector and its recently announced acquisition of Barclays Global Investors is a long-run positive, its share price has risen quickly and it is now trading at a premium.

The stock: BlackRock has ascended 22% in 2009, outperforming all major U.S. indexes. The stock trades at a high price-to-earnings ratio of 35 and offers a low 1.9% dividend yield.

TheStreet.com Ratings downgraded EZCORP (EZPW) to "hold." The company provides short-term credit to individuals in loan stores and pawn shops throughout the U.S.

The numbers: Fiscal second-quarter revenue rose 38% to $156 million. Net income increased 41% to $18 million, but earnings per share jumped a more modest 23% to 37 cents due to a higher share count. Operating margin remained flat at 17% and net margin improved 27 basis points to 12%. The company has an outstanding liquidity position, as reflected by $55 million of cash and a quick ratio of 3.6, and has a low debt-to-equity ratio of 0.11. EZCORP has dropped 21% since June 11, when it lowered its sales and net income guidance due to a demand drop.

Stock quotes in this article: BLK, EZPW, IRM 

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
DOW 16,501.65 -12.72 -0.08%
S&P 500 1,875.39 -4.16 -0.22%
NASDAQ 4,126.9670 -34.4910 -0.83%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs