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Piper Jaffray Overweight On Coinstar
Tuesday, August 23, 2011 - 7:06am | 156Piper Jaffray is out with a research report on Coinstar Inc. (NASDAQ: CSTR) and it has an Overweight rating and a $68 price target on shares. In a note to clients, Piper Jaffray writes, "Our analysis of DVDs released to Redbox in Q3 shows box office revenue of -1% y/y. We generally expect box...
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H&R Block Signs Letter of Intent to Sell RSM McGladrey to McGladrey & Pullen, LLP
Tuesday, August 23, 2011 - 7:01am | 297H&R Block, Inc. (NYSE: HRB) Total consideration of approximately $610 million H&R Block to record non-cash, after-tax charge of approximately $53 million, or $0.17 per share in fiscal first quarter Transaction expected to close by calendar year end H&R Block, Inc. (NYSE: HRB)...
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StoneMor Partners L.P. Announces the Acquisition of 5 Cemeteries and 4 Funeral Homes in Puerto Rico
Thursday, August 18, 2011 - 2:19pm | 106StoneMor Partners L.P. (Nasdaq: STON) announced today that it has acquired 5 cemeteries and 4 funeral homes in Puerto Rico for an aggregate purchase price of $4.6 million. In 2010, these locations performed 1,056 interments and 509 funeral services. On April 28, 2011, the company announced that it...
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How Do You Say Movies In Spanish?
Wednesday, August 17, 2011 - 10:06am | 642To answer the question, it's "peliculas", but it could also be Netlfix (NASDAQ: NFLX). Screendaily is reporting that the online movie giant is going to potentially expand into Spain, a country rife with piracy. The company, led by Reed Hastings, is supposedly going to enter the country next year...
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Regis Issues Statement in Response to Starboard Letter to Company
Tuesday, August 16, 2011 - 2:02pm | 127Regis Corporation (NYSE: RGS) today confirmed receipt of notice from Starboard Value and Opportunity Master Fund Ltd announcing Starboard's intent to nominate a slate of three director candidates to stand for election at the Company's 2011 Annual Shareholders Meeting. The Company has not yet...
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Redbox Checks In at Foursquare
Thursday, August 11, 2011 - 9:01am | 60Redbox has officially checked in on foursquare®. The addition of more than 27,800 redbox locations marks one of the largest foursquare integrations at retail and lets consumers check in at familiar spots while they check out new-release movies and games at redbox. Redbox Automated Retail is a...
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Service Corporation International Increases Share Repurchase Authorization to $200 Million and Declares Quarterly Cash Dividend
Wednesday, August 10, 2011 - 12:35pm | 59Service Corporation International (NYSE: SCI) today announced that its Board of Directors has increased the authorized level of repurchases of its common stock by approximately $116.6 million. When combined with approximately $83.4 million of authority remaining under the existing program, this...
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Puts Purchased on Sotheby's
Wednesday, August 10, 2011 - 12:33pm | 111Shares of Sotheby's (NYSE: BID) are lower on the session by 4.68%, currently trading at $33.20. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average. Options traders are buying puts on the name today. A short while ago the...
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Stewart Enterprises Announces Organizational Changes
Wednesday, August 10, 2011 - 8:26am | 72Stewart Enterprises, Inc. (Nasdaq: STEI) today announced changes to its management organizational structure in order to better integrate the Company's operations and sales activities and to enhance customer service. The Company has promoted Senior Vice President of Operations, Kenneth G. "Jerry"...
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Sand Canyon Pays $9.8M to Settle Lending Practices Case With Commonwealth of Massachusetts
Tuesday, August 9, 2011 - 9:30am | 148Sand Canyon Corp., an indirect subsidiary of H&R Block, Inc. (NYSE: HRB), today announced a settlement with the Commonwealth of Massachusetts where it agreed to pay the Commonwealth $9.8 million to dismiss litigation against the company. In addition, the company agreed to provide for a $5...
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Merriman Capital Updates 8/9
Tuesday, August 9, 2011 - 6:28am | 115Merriman Capital made a number of updates in a research report published today. Coinstar (NASDAQ: CSTR) had its rating reiterated at Buy. On Monday, CSTR lost 9.04% of its value to finish the day at $38.96. Its shares continued to slide in today's pre-market trading, falling 1.1% to stand around $...
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A Must Own Small Cap During These Volatile Times
Monday, August 8, 2011 - 9:22am | 888Income investing has a place in every investment portfolio, and can be used as a strategy for diversification. Just as importantly, these investments can provide a healthy source of income in periods when the stock market is moving sideways. And contrary to popular belief, investors can reap big...
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A Must Own Small Cap During These Volatile Times
Monday, August 8, 2011 - 9:22am | 888Income investing has a place in every investment portfolio, and can be used as a strategy for diversification. Just as importantly, these investments can provide a healthy source of income in periods when the stock market is moving sideways. And contrary to popular belief, investors can reap big...
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Credit Suisse Initiating Coverage On Weight Watchers International
Monday, August 8, 2011 - 7:17am | 89Credit Suisse is out with a research report on Weight Watchers International (NYSE: WTW) and is initiating coverage with an Outperform rating and a $80 price target. In a note to clients, Credit Suisse writes, "Initiating coverage with an Outperform rating and $80 target price. We estimate strong...
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Weight Watchers Getting Eaten Alive
Friday, August 5, 2011 - 2:06pm | 637Popular weight-loss company Weight Watchers (NYSE: WTW) is down 16 percent today, despite beating estimates in both earnings and sales for the second quarter. Theories as to why the market took a bite out of Weight Watchers are as plentiful as their two-point snack bar flavors. The theory is that...