Miscellaneous: initiates (CWST 11.45) with a Hold and sets a tgt, as they think CWST offers investors one of the best ways to gain exposure to recycling because they offer a higher percentage of revenue from recycling operations than most of their peers, earn better margin than their peers in the recycling business, yet have concerns with the co's significant leverage with a large portion of debt maturing in mid-2010... initiates (MXWL 12.52) with a Hold and sets a tgt, as they are positive on the co's market share leadership in the ultracapacitor market yet would like to have more clarity on the timing of adoption of ultracapacitors in the automotive industry... Oppenheimer initiates (DSX 20.07) with an Outperform and sets a tgt, based on a high dividend yield, fixed charter coverage that protects against rate downside in 2009/10, and Chinese demand strength... Oppenheimer initiates (EGLE 13.01) with a Perform... Oppenheimer initiates (NAT 32.35) with a Perform... Oppenheimer initiates (GMR 19.18) with a Perform... Oppenheimer initiates (OSG 57.71) with a Perform... Oppenheimer initiates (GNK 29.81) with an Outperform and sets a tgt, based on its position as one of the few companies with enough vessel deliveries to potentially allow EBITDA and EPS growth in 2009 and perhaps 2010 if actual day rates are slightly higher than current firm estimates.
