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Continuing Weakness In Membership Growth At LTM
Tuesday, January 12, 2010 - 1:48pm | 145Analysts at Credit Suisse downgrade Life Time Fitness (NYSE: LTM) from "outperform" to "neutral," while reducing their estimates for the company. The target price for LTM has been reduced from $29 to $26. According to Credit Suisse, Life Time Fitness’ Q3 results were disappointing and a significant...
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Rick's Cabaret (RICK) Reports Strong Sales
Tuesday, January 12, 2010 - 12:54pm | 96Rick's Cabaret International Inc. (NASDAQ: RICK), which operates upscale adult nightclubs in the U.S., today reported that its December same club sales rose 19.2% over the previous December. Total sales rose to $6.6 million for the month of December, compared with $5.3 million last year. Investment...
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Investment Analysis: Premier Exhibitions (PRXI) – A Favorable, High Probability Outcome In An Uncertain Environment
Sunday, January 10, 2010 - 4:40pm | 2860Note: For those not familiar with Premier and its “story,” and that are interested in some further background and excellent analysis, we recommend reading the recent 5-part case study on Premier and turnaround investing at http://variantperceptions.wordpress.com/ Investment Thesis: Premier...
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Apollo To Buy Cedar Fair (FUN), Pay Substantial Premium
Thursday, December 17, 2009 - 1:10pm | 100Apollo Global Management LLC would be acquiring the amusement park major Cedar Fair (NYSE: FUN)(FREE stock trend analysis) at $11.50 per share – a whopping 27% premium over its closing price. Cedar, based at Sandusky in Ohio, operates 10 major theme thrill parks across the United States. It also...
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Apollo Global Management To Acquire Cedar Fair (AINV, FUN)
Thursday, December 17, 2009 - 11:13am | 105Apollo Global Management (NASDAQ: AINV) is said to acquire Cedar Fair (NYSE: FUN), the operator of amusement parks, for $2.4 billion approximately. Cedar Fair shareholders will receive $11.50 a share, a 27% premium to Cedar Fair's closing stock price on Wednesday of $9.08. “After considering a...
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Company News for December 17, 2009 - Corporate Summary
Thursday, December 17, 2009 - 10:00am | 366• UBS (NYSE:UBS) began coverage of Bank of America (NYSE:BAC) with a "buy" rating after the company named Brian Moynihan as its new CEO • General Mills (NYSE:GIS) posted fiscal second quarter earnings of $1.54 a share, versus Zacks estimates of $1.45 a share on sales of $4.08 billion. Citing first...
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Apollo To Buy Cedar Fair (FUN) For $635 Million
Thursday, December 17, 2009 - 9:35am | 69PE firm Apollo Management is set to buy Cedar Fair, L.P. (NYSE: FUN) for $635 million in cash. The Sandusky, Ohio-based Cedar Fair owns and operates 11 amusement parks, seven water parks and five hotels. Its properties include Canada's Wonderland near Toronto, Cedar Point in Ohio, Dorney Park in...
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Cedar Fair (FUN) Up After Apollo Rumored To Be Buying It
Wednesday, December 16, 2009 - 5:56pm | 72Cedar Fair (NYSE: FUN)(FREE stock trend analysis) is trading up close to 30% in the after-hours trading session as it seems Apollo Investments may be buying the company. Apollo is expected to pay somewhere around $700 million and assume the debt of Ceder Fair. The Wall Street Journal expects the...
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Apollo Management Expected To Buy Cedar Fair In An LBO
Wednesday, December 16, 2009 - 5:37pm | 67Apollo Investment Corp. (Nasdaq: AINV) is expected to buy Cedar Fair (NYSE: FUN) in an LBO. Apollo is expected to pay somewhere around $700 million and assume debt of Ceder Fair. The WSJ expects the deal to be announced within a few days. Cedar Fair, L.P. is trading up 27% in the after-hours...
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Vail (MTN): Barclays’ Top Pick In Resort Category
Wednesday, December 9, 2009 - 11:19am | 152Vail Resorts (NYSE: MTN) looks set to move smoothly into the ski season, based on season pass sales and airline booking data. Barclays Capital reports that pass sales have increased by 9% in sales dollars and the season pass revenue is expected to form more than a 34% of lift ticket revenue this...
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Benzinga's Earnings Preview (KR, AZO, CKR, MTN, MW, SAI)
Tuesday, December 8, 2009 - 6:52am | 186The Kroger Co. (NYSE: KR) is expected to report third-quarter earnings of 37cents a share on revenue of $17.69 billion. Friday, KR closed at $22.85. AutoZone, Inc. (NYSE: AZO) is projected to report fiscal first-quarter earnings of $2.66 a share on $1.59 billion of revenues. In yesterday’s session...
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Holiday Cheer at Vail (MTN)
Monday, December 7, 2009 - 10:00am | 157Rochdale Securities has maintained the Buy rating on Vail Resorts Inc. (NYSE: MTN) ahead of the earnings call scheduled for December 8th, 2009. Early snowfall allowed several resorts to open early, but it has been scarce since. The cold weather has allowed snow-making to compensate for snowfall,...
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Benzinga’s Top Pre-Market Gainers (AIB, GSI, NDN, TRK)
Friday, November 6, 2009 - 10:01am | 125Allied Irish Banks, plc. (ADR) (NYSE: AIB) climbed 7.40% to $5.93 after Dow Jones reported that AIB’s five year Senior Unsecured Unguaranteed Bond Issue was oversubscribed by 1.8 times. General Steel Holdings, Inc. (NYSE: GSI) gained 10.20% at $4.32 after reporting third quarter earnings of $484.8...
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Jim Cramer Would Stay Away From FUN, POT, VVUS
Thursday, November 5, 2009 - 3:54pm | 130Jim Cramer said on CNBC's Mad Money Lightning Round that Cedar Fair (NYSE: FUN) is to low to sell now, but he would not buy it either. Cedar Fair (FUN) fell 4.48% today. Cramer has recommended Potash (NYSE: POT) few weeks ago and it did nothing. He doesn't believe in bullish news on Potash (POT)...
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Vail Resorts Inc.(MTN) could show further retracement
Monday, October 5, 2009 - 9:50am | 70Vail Resorts Inc. (NYSE: MTN) has nosedived below its 20 days and 50 days exponential MA over the past four days on high volumes, to witness a correction of 17%. This confirms the weakness in MTN stock, and MTN may not stabilize before retracing till $30. It would be advisable to take a long...