Friday Morning, March 31st

Morning, March 31st
MTNA
recently filed an 8K to acquire 17 of Britesmile BSML Dentle Spas for 27 million. We think the stock has room to go higher. Very tight float.. We look for 10.00 this summer.
It appears that management is selling off the assets of Britesmile which could be desisted due to price from the NASDAQ. So if you own BSML We suggest you consider selling and buy the profitable division of BSML which is currently being merged into MTNA.


TX Holdings TXHG.
Currently TXHG has approximately 13 to 15 million proven barrels of Oil is its property in Texas. The company has an excellent growth strategy. We think the shares are Undervalued at current levels. Shares could easily double this year.

Movers & shakers
Friday Morning, March 31st

European Markets:
Presently down about 1/3%

Upgrades:
COGN Cognos Needham & Co Hold » Buy $44
GDW Golden West Sandler O'Neill Hold » Buy $79
STNR Steiner Leisure CIBC Wrld Mkts Sector Perform » Sector Outperform $48
LII Lennox Intl Matrix Research Buy » Strong Buy
WCC Wesco Intl Matrix Research Hold » Buy
HELX Helix Tech Matrix Research Hold » Buy
COGN Cognos First Albany Neutral » Buy
COGN Cognos Jefferies & Co Hold » Buy $36.50 » $43
BBI Blockbuster Bear Stearns Underperform » Peer Perform
ARRO Arrow Intl Brean Murray Hold » Accumulate
FPL FPL Group Jefferies & Co Hold » Buy $45.50
SO Southern Co Citigroup Sell » Hold
WDR Waddell & Reed Friedman Billings Underperform » Mkt Perform $26
TROW T. Rowe Price Friedman Billings Mkt Perform » Outperform $85
APD Air Products Prudential Neutral » Overweight
NTAP upgraded by DBAB
TRMM upgraded to outperform at Friedman
AUDC Audiocodes Nollenberger Capital Buy $18
SIRI Sirius Satellite Ladenburg Thalmann Buy $6
UFPI Universal Forest Soleil Buy $78
FPFC First Place Finl Ryan, Beck & Co Mkt Perform
TOMO TOM Online Brean Murray Strong Buy $30
NOVL Novell Rochdale Securities Buy $11
NRPH New River Pharma Robert W. Baird Outperform $45
DOVP DOV Pharma Robert W. Baird Outperform $27
POZN POZEN Wachovia Outperform
CGPI CollaGenex Pharm Wachovia Outperform
VMSI Ventana Medical Kaufman Bros Buy $50
TWTI Third Wave Pacific Growth Equities Buy
LCAV LCA Vision William Blair Outperform
BCON initiated with a Buy at MERI
CD initiated with a Buy and $8 target at DBAB
WMAR West Marine RBC Capital Mkts Sector Perform $12 » $14
CTXS Citrix Systems RBC Capital Mkts Outperform $35 » $40
BK Bank of NY RBC Capital Mkts Sector Perform $31 » $34
PX Praxair Prudential Overweight $60 » $66
NUAN Nuance Communications Needham & Co Buy $12 » $14
MERX Merix Needham & Co Buy $10 » $15
STN Station Casinos Banc of America Sec Buy $80 » $85
SAP SAP AG Banc of America Sec Buy $51 » $58
BW Brush Engineered Mat Jefferies & Co Buy $22 » $25
COGN Cognos Stifel Nicolaus Buy $40 » $45
GME Gamestop Credit Suisse Outperform $47 » $52
SKX Skechers USA First Albany Buy $18 » $29
ASEI American Science & Engineering Ryan, Beck & Co Outperform $91 » $105
VCBI Virginia Commerce Bancorp Ryan, Beck & Co Mkt Perform $31 » $33
INFY target raised to $95 by MLCO
TSO target raised to $77 from $70 at Citigroup
Downgrades:
MMSI Merit Medical CL King Strong Buy » Neutral $17 » $12
GRMN Garmin Needham & Co Buy » Hold
CLRK Color Kinetics Needham & Co Strong Buy » Buy $23
BANR Banner Sandler O'Neill Buy » Hold $36.50
FRC First Republic Bank Sandler O'Neill Buy » Hold $42
BPFH BostonPrivate Fin Sandler O'Neill Buy » Hold
MHK Mohawk Avondale Partners Mkt Outperform » Mkt Perform $100 » $81
GPI Group 1 Auto Morgan Stanley Equal-weight » Underweight
OEH Orient-Express CIBC Wrld Mkts Sector Outperform » Sector Perform
ISBC Investors Bancorp Keefe Bruyette Outperform » Mkt Perform
ASYT Asyst Banc of America Sec Buy » Neutral
ITT ITT Industries Citigroup Buy » Hold
CDWC CDW Corp FTN Midwest Buy » Neutral

Morning Commentary

March 10th — Friday Morning

European Markets:

Down slightly to flat;

Stocks that affect the Dow:

AA - should be hurt from the downgrade by Prudential in Aluminum;

JNJ - ROCH believes they have growth potential in healthcare;

MO - announced the spin off of the rest of KFT;

Breaking News:

~Rack selling 7.5M shares at $39;

~Group of investors to bid for UVN;

~Pirate Capital has an 18% stake in in PWEI and they want the company put up for sale;

~LECO - added to the S&P 500 and ANT is deleted;

~AQNT - 7.5M shares priced at $24 with UBS;

~SI - hunting for takeovers;

~ADTN - down big this morning after missing earnings;

Upgrades:

• STE Steris Matrix Research Sell » Strong Buy
  
• UCO Univ Compression Matrix Research Sell » Hold
  
• DPL DPL Inc. Matrix Research Hold » Buy
  
• WY Weyerhaeuser CIBC Wrld Mkts Sector Underperform » Sector Perform $67 » $70
  
• IP Intl Paper CIBC Wrld Mkts Sector Perform » Sector Outperform $36 » $35
  
• CASY Casey's General HSBC Securities Underweight » Neutral $24 » $25.30
  
• CBUK Cutter & Buck Merriman Curhan Ford Neutral » Buy
  
• SU Suncor Energy CIBC Wrld Mkts Sector Perform » Sector Outperform
  
• CALD Callidus Software Piper Jaffray Market Perform » Outperform $6
  
• TI Telecom Italia Citigroup Sell » Hold
  
• SIG Signet Group Deutsche Securities Hold » Buy
  
• CHRT Chartered Semi Thomas Weisel Peer Perform » Outperform
  
• NOVL Novell First Albany Underperform » Neutral
  
• SIG upgraded by DBKS
  
• AED upgraded by UBS
  
• RCL upgraded by UBS with $52.50 Target
  
• AVNX upgraded to strong buy at Raymond James
  
  
  
• DOW Dow Chemical BB&T Capital Mkts Buy $50
  
• SPSS SPSS Inc Jefferies & Co Hold $35
  
• ATR AptarGroup Matrix Research Strong Buy
  
• DIGE Digene Miller Johnson Market Perform $45
  
• CYTC CYTYC Corp Miller Johnson Market Perform $29
  
• SCHN Schnitzer Steel Morgan Stanley Overweight
  
• CMG Chipolte Mexican Grill AG Edwards Hold
  
• TLF Tandy Leather Factory Merriman Curhan Ford Buy
  
• MTN Vail Resorts Deutsche Securities Buy $44
  
• CCL Carnival UBS Buy $65
  
• SGMS Scientific Games William Blair Outperform
  
• SFCC Reiterated buy at Jefferies
  
  
  
• HANS Hansen Natural Longbow Buy $118 » $131
  
• HAR Harman Banc of America Sec Buy $125 » $127
  
• ADLR Adolor Banc of America Sec Buy $25 » $40
  
• AIG American Intl Banc of America Sec Buy $72 » $74
  
• VTS Veritas DGC Jefferies & Co Buy $53 » $58
  
• MCDTA McDATA Kaufman Bros Hold $4.50 » $5
  
• NITE Knight Trading Sandler O'Neill Buy $13.50 » $15
  
• ITG Investment Tech CIBC Wrld Mkts Sector Outperform $50 » $55
  
• RAVN Raven Industries Dougherty & Company Buy $30 » $35
  
• ALOG Analogic Ryan, Beck & Co Outperform $58 » $69
  

Downgrades:

• SHRP Sharper Image Wedbush Morgan Buy » Hold
  
• CASY Casey's General Morgan Keegan Outperform » Mkt Perform
  
• KRON Kronos Jefferies & Co Buy » Hold $47 » $43
  
• MLM Martin Marietta Matrix Research Strong Buy » Hold
  
• DTC Domtar CIBC Wrld Mkts Sector Outperform » Sector Perform
  
• BOW Bowater CIBC Wrld Mkts Sector Outperform » Sector Perform
  
• PDLI PDL BioPharma Deutsche Securities Buy » Hold
  
• AAUK Anglo American Morgan Stanley Overweight » Underweight
  
• FRED Fred's Lehman Brothers Overweight » Equal-weight
  
• JBLU Jetblue Airways Prudential Neutral » Underweight
  
• ELN downgraded by Smith Barney with $10 target
  
• KRN downgraded by Jefferies