Mr. Michael S. Kim

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  biz.yahoo.com/ap/081009/asset_managers_sector_snap.html - [Cached Version]
  Published on: 10/9/2008    Last Visited: 10/9/2008  

  Michael Kim of Sandler O'Neill & Partners slashed his earnings-per-share estimates for the September quarter for several of the companies, which handle investments and manage mutual funds.He said the cuts mostly reflected recent market declines, slowing money flows into funds, tighter profit margins and other negative trends.He also cut his price targets on a number of stocks.
  
  Among those he cut were T. Rowe Price, dropping his price target by $6 to $41, while taking 4 cents off his third-quarter profit estimate to 57 cents per share, a penny below the average estimate from analysts polled by Thomson Reuters.T. Rowe shares fell $3.31, or 7.2 percent, to $42.73 in early afternoon trading, after hitting a two-year low of $40.81 earlier in the session.
  
  Shares of Janus Capital Group Inc. slipped 45 cents, or 3.2 percent, to $13.68, after bottoming out at $12.83 earlier in the session, a more than three-year low.Kim kept a "Buy" rating on the stock, but cut 11 cents off his third-quarter forecast, dropping it to 21 cents per share, compared with a consensus estimate of 30 cents.

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  www.reuters.com/article/reutersEdge/idUSN01302224200807 - [Cached Version]
  Published on: 7/1/2008    Last Visited: 7/2/2008  

  But any time you have 40 percent of shares potentially coming to market, you are going to see a significant near-term hit to the stock," said Michael Kim, an analyst at Sandler O'Neill & Partners.

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  www.iht.com/articles/2008/07/23/business/invest24.php - [Cached Version]
  Published on: 7/23/2008    Last Visited: 7/24/2008  

  "It's going to be a very tough sell to retail investors to say buy Bill Miller's fund because his 15-year number is outperforming, whereas his one-, 3-, 5- and 10-year numbers are all underwater," said Michael Kim, an analyst at Sandler O'Neill & Partners.
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  "I would suspect that they would post ongoing outflows from their equities business again this quarter," said Kim of Sandler O'Neill.

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  www.eastcountynews.com/us_world_news/story.php?story_id - [Cached Version]
  Published on: 12/6/2007    Last Visited: 12/6/2007  

  It would improve the brand equity," said Michael Kim, an analyst at Sandler O'Neill & Partners.

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  biz.yahoo.com/ap/080509/franklin_resources_mover.html?. - [Cached Version]
  Published on: 5/9/2008    Last Visited: 5/9/2008  

  "Based on our assumptions, we estimate about $3 billion of net inflows for the month of April, a sharp snapback following a weak start to the year," Sandler O'Neill & Partners LP analyst Michael Kim wrote in a research note.
  
  With assets under management at $617.5 billion at the end of April, Franklin Resources' assets under management already eclipse what Kim expected for the end of the quarter in June.
  
  Because of the better-than-expected data and improving global markets, Kim increased his fiscal 2008 earnings estimate to $7.13 per share from $7.08 per share.Kim raised his fiscal 2009 estimate to $7.88 per share from $7.73 per share.
  
  He raised his price target $3 to $114.
  
  Email Story

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  www.reuters.com/article/reutersEdge/idUSN29356451200805 - [Cached Version]
  Published on: 5/1/2008    Last Visited: 5/1/2008  

  "We all didn't gauge that correctly and understand the extent of the volatility," Michael Kim, an analyst at Sandler O'Neill & Partners, said of the drop in investment income.
  
  "That is something we are seeing across all of the asset managers.It certainly adds a layer of incremental volatility in terms of the bottom line," Kim added.

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  www.sharewatch.com/story.php?storynumber=157612 - [Cached Version]
  Published on: 1/10/2008    Last Visited: 1/10/2008  

  Conversely, Sandler O'Neill & Partners LP analyst Michael Kim said the San Mateo, Calif.-based company beat his forecast of $641.5 billion in assets under management.What's more, the stock is trading at a roughly 25 percent discount to its peers, he said.
  
  "Investor concerns around performance and organic growth prospects seem well overblown in our view, particularly given yesterday's favorable assets under management announcement and the recent uptick in performance track records," Kim wrote in a note to investors."We remain confident in Franklin's capacity to generate meaningful net inflows even should equity market volatility persist."
  
  Kim rates the shares "Buy" with a $130 price target.

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  www.businessweek.com/ap/financialnews/D8U3BS2G1.htm - [Cached Version]
  Published on: 1/10/2008    Last Visited: 1/10/2008  

  Conversely, Sandler O'Neill & Partners LP analyst Michael Kim said the San Mateo, Calif.-based company beat his forecast of $641.5 billion in assets under management.What's more, the stock is trading at a roughly 25 percent discount to its peers, he said.
  
  "Investor concerns around performance and organic growth prospects seem well overblown in our view, particularly given yesterday's favorable assets under management announcement and the recent uptick in performance track records," Kim wrote in a note to investors."We remain confident in Franklin's capacity to generate meaningful net inflows even should equity market volatility persist."
  
  Kim rates the shares "Buy" with a $130 price target.

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  www.reuters.com/article/hotStocksNews/idUSN295132962007 - [Cached Version]
  Published on: 10/29/2007    Last Visited: 10/29/2007  

  "The decline is primarily reflecting the rumors around Larry Fink, as it relates to him possibly transitioning to Merrill," said Michael Kim, an analyst at Sandler O'Neill & Partners.Kim said Fink, who is also BlackRock's chairman, is the "driving force" behind the firm.Continued ...

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  news.yahoo.com/s/nm/20071029/bs_nm/merrill_ceo_dc - [Cached Version]
  Published on: 5/21/2002    Last Visited: 10/30/2007  

  "The decline is primarily reflecting the rumors around Larry Fink, as it relates to him possibly transitioning to Merrill," said Michael Kim, an analyst at Sandler O'Neill & Partners.Kim said Fink, who is also BlackRock's chairman, is the "driving force" behind the firm.

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