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Jul 30


Kudlow & Cramer Reunion: Will Obama-Care Topple Stocks?
News - Financial News

Kudlow & Cramer Reunion: Will Obama-Care Topple Stocks?','My old pal Jim Cramer and I reunited last night to discuss the impact Obama-Care will have on the stock market and economy if it passes.','CNBCNews','CNBC U.S. [Read the full article]

Best Buy Co.: Goldman Sachs analyst Matthew Fassler raised a rating on shares of Best Buy Co. (BBY) to buy from neutral on Mar. 19.

In making the rating change on the world's largest electronics retailer, Fassler cited the current consumer electronics product cycle and a macroeconomic recovery, and said the stock trades at one of the lowest valuation multiples in hardlines retailing, "even on trailing earnings after the worst year for consumer spending in recent memory".

Other, incremental catalysts for the stock cited by Fassler included an upward revision to TV sales forecasts; and better consumer electronics retail sales in last week's government report for February, which he said reduced risk to fourth-quarter earnings per share (EPS).

Fassler said he was inching his EPS estimates higher: for 2010, by 6 cents to $3.33; and for 2011, by 5 cents to $3.53, all on "slightly higher" sales. [Read the full article]

MedCath (NASDAQ: MDTH - News) is considering strategic options, and investors are considering their prospects - so far it has led to huge gains for the Charlotte-based healthcare play.

MedCath has been trending higher since March 1, when the company announced that its board had formed a Strategic Options Committee to consider the sale of the company, or of various individual assets. As indicated in the press release, "There can be no assurance that this process will result in any specific transaction," but that hasn't stopped investors and analysts from digesting the prospects of some divestiture. Yesterday, MedCath shares soared higher by double digits after Deutsche Bank upgraded the stock to Buy from Hold, citing premium value for certain MedCath assets on the open market compared to their current enterprise value as priced by investors. The upgrade is MedCath's second since sharing its plans, as Stifel Nicolaus boosted the stock's rating to Buy a day after the announcement. [Read the full article]

Amusement park owner Cedar Fair LP (NYSE: FUN) postponed its shareholder meeting that was scheduled for a vote on Apollo Global Management's buyout offer. Cedar Fair announced the buyout offer from the private equity group in December, 2009. The vote on the merger was avoided, though a "no" vote was likely. 

A Brief History of the Cedar Fair DealCedar Fair, operator of 11 amusement parks including Cedar Point, Kings Island, Carowinds, Knott's Berry Farm and others, received an offer at $11.50 per unit share from Apollo in December. The stock has traded as low as $6.03 and as high as $13.56 in the last 52 weeks. The once prodigious dividend was scheduled to be suspended, to the consternation of long-time income shareholders. [Read the full article]

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