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StreetInsider.com Insiders' Edge Newsletter 12-04-08

 StreetInsider.com - Insiders' Edge
What's Next for Google Stock? $200 or $400

Broadpoint.AmTech issued a research note earlier evaluating the likelihood that Google's (Nasdaq: GOOG) stock price would be at $200 before breaking through the $400 level.

The Google report comes amid recent investor concerns related to the company's growth prospects "given the severity of the retail spending slow-down." Broadpoint.AmTech believes that for the $200 scenario to be fulfilled, Google would have to record flat US sales growth next year. In order for this to happen, the firm estimates that overall US retail spending would have to fall another 19% in 2009 on top of 2008's 22% decline. The firm admits that "as bad as the recession may get, we don’t think this is plausible."

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Hedge Fund Trade of the Day - Arris Group

In a 13D filing on Arris Group Inc. (Nasdaq: ARRS), Shamrock Activist Value Fund disclosed a 7,020,514 share, or 5.72% stake, in the company and disclosed a recent meeting with representatives of the Company to discuss ideas to enhance shareholder value. The investment firm held 1,755,000 shares of Arris at the quarter ended September 30, 2008.

Shamrock laid out a number of ideas to enhance shareholder value including a share repurchase program, better communications with the market and improvements in corporate governance.

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New Coverage To Watch - CECO Environmental (CECE)

Cantor Fitzgerald initiates coverage on CECO Environmental Corp. (Nasdaq: CECE) with a Buy. Price target $6.

Cantor analyst says, "We believe that CECO Environmental is one of the largest pure-play air pollution control companies in a fragmented industry. We estimate that the company derives approximately 70% of its revenues from the particulate control... MORE

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