Articles of incorporation or bylaws outsiders

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articles of incorporation or bylaws Outsiders typically use Form 8-K to monitor for material adverse changes in the company. Analyst Reports Sell-side analysts provide their clients with objective analyses of company operating activities. Frequently, these re- ports include a discussion of the competitive environment for each of the company's principal product lines, strengths and weaknesses of the company, and an investment recommendation, including financial analysis and a stock price target. For example, J.P. Morgan provides the following in its July 2011 report to clients on Apple:
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Module 2 I Overview of Business Activities and Financial Statements North America Equity Research 20 July 2011 J.P.Morgan Apple Inc. This Party is Just Getting Started; Upside Parade Likely to Continue; Lifting Oec-12 PT to $525 Overweight AAPL, AAPL us Price: $376.85 A Price Target: $525.00 Previous: $450.00 With Overweight-rated Apple's stock, it is time for the value-like multiples to be rerated higher. We expect the stock to move higher in the near to mid term. Consistent with our preview, Apple reported a outstanding June quarter, and there appears no end to the upside parade. We believe the results likely restore the wow factor to the stock. In OUf view, the return of the wow factor, easing supply constraints, and pending new product cycles should jettison the fear that had been dogging valuation the last couple of months. We are raising our Dec-12 price target to $525, versus $450 previously. A ridiculously big June quarter beat. Apple reported major upside to Street consensus. Apple reported revenue/El'S of $28.6bn/$7.79, versus consensus of S25.0bnlS5.87. GM and OM were up more than 200 bps QoQ. As previewed, revenue upside from iPad and iPhone, combined with better component pricing and improved supply of iPads, drove a solid beat on the unit metrics. APAC growth of 247% was major upside driver, and we expect this trend to continue. • Whoa Nellie, those are big numbers. June quarter unit shipments of 20.3M iPhones and 9.25M iPads beat our significantly above-consensus estimates of 19.6M and 8.7M. With iPhone, we think that carrier, geographic, enterprise, and dual mode GSMlCDMA expansion opportunities offer plenty of headroom for ongoing growth. As for the iPad, we expect the burst in units to ease investor concerns that competition or supply constraints would be a drag on growth. Mac results were in-line, but this performance should be put in perspective given the weak PC market (Mac units outgrow the broader PC market by a factor of five). Price Performance :~r 53 •• '" ".-t---'--,--.---,--, JgI·10 Ott·10 .1111-11 Apr.11 ,kj.11 YTD 1m 3m 12m Abs I 13.4% 16.7% 12.6% 52.2% edit Services ral firms including Standard & Poor's (StandardAndPoors,com), Moody's Investors Service oodys.com), and Fitch Ratings (FitchRatings,com) provide credit analysis that assists potential lenders, tors, employees, and other users in evaluating a company's creditworthiness and future financial viability.
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