ROSE

[dan_s]

Rosetta Resources (ROSE): An updated Net Income & Cash Flow Forecast model has been posted under the Sweet 16 Tab.

[dan_s]

Rosetta Resources coverage assumed with a Buy at Canaccord - Target $61.

You can find my Fair Value Estimate at the bottom of the forecast model.

[ghrcap]

I see ROSE reported and the headline was an EPS miss, though I haven't looked at the statement and the transcript yet. The stock has dropped below the 200-dma. Buy, Sell or Hold, Dan?

[dan_s]

I just got back from our luncheon in Dallas. I will be working on the Sweet 16 forecast model updates tomorrow. ROSE's Adjusted Net Income for Q2 beat my forecast, so still looks like a Strong Buy to me. I will have more on it tomorrow.