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Bear of the Day

Corp. Executive Board (EXBD)

By: Sean P. Smith
November 05, 2009 | Comments: 0
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We maintain our Underperform rating on shares of The Corporate Executive Board (EXBD - Analyst Report). While Q3 EPS beat expectations, the company continues to experience deterioration in key operating metrics, including contract value.

Given the current operating pressures, along with ongoing concerns regarding a slowing economy, we believe the shares should trade at a discount to the peer group average. As such, we anticipate that the company's shares should underperform the market in the near-term.


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Market Summary Nov 22, 2009 16:08 pm ET
DJIA 10318.16  -14.28 -0.14%
NASD 2146.04  -10.78 -0.50%
S&P 500 1091.38  -3.52 -0.32%
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