Driven by both organic growth and the acquisition of Clydeunion, Fitch expects SPX to generate above $700 million EBITDA (as defined by Fitch) in 2012, a significant increase over the estimated $570 million 2011 EBITDA.
In 2011, Fitch expects SPX to generate approximately $150 million to $170 million of FCF.
In September 2007, SPX
refinanced its bank facilities to provide additional liquidity for future growth.
Leading the way on the SPX this afternoon is Symantec (NASDAQ:SYMC).
Resting at the bottom of the SPX this afternoon is Aetna (NYSE:AET) and its drop of nearly 20 percent.
Leading the way on the SPX this afternoon is Mylan Laboratories (NYSE:MYL), which posted first-quarter earnings of 37 cents per share (ex-items).
Next up on the SPX earnings parade is Parametric Technology (NASDAQ:PMTC).
As is often the case during earnings season, major movement in the SPX
is sparked by earnings news.
Apple Computer (NASDAQ:AAPL) leads the way into the SPX
winner's circle today.