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Merger Arbitrage Mondays – March 14, 2011
Monday, March 14, 2011 - 6:27am | 4774Merger activity decreased last week with two new deals announced and three deals closing. You can find all the deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 37 Total Number of Deals...
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AP: GOP budget targets agency that warned of tsunami
Sunday, March 13, 2011 - 3:46pm | 113From AP: WASHINGTON (AP) — A spending plan being pushed by Republicans would slash funding for the agency that warned Hawaii and the West Coast about the devastating tsunami in Japan. The plan, approved by the GOP-controlled House last month, woul... Go to http://SwingTradingDaily.com for full...
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Options Brief: SPX Corporation (SPW)
Friday, March 11, 2011 - 11:11am | 86Shares of SPX Corporation (NYSE: SPW) are higher on the session by 0.35%, trading at $76.49. Overall call volume is now running at 13.19x the daily average, with 0% of all calls traded being purchases on the offer. 4,710 contracts have traded on the session so far. SPX Corporation is a global...
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IDEX Corporation Announces Expiration of Subsequent Offering Period and Final Completion of Tender Offer for Shares of Microfluidics International Corporation
Friday, March 11, 2011 - 9:50am | 76IDEX Corporation (NYSE: IEX) today announced the expiration of the subsequent offering period of the tender offer by its wholly-owned subsidiary, Nano Merger Sub, Inc., for all outstanding shares of common stock of Microfluidics International Corporation (MFLU) at a price of $1.35 per share, net to...
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J.P Morgan Comments On Pall Corporation Following Positive Earnings
Friday, March 11, 2011 - 9:46am | 159Pall Corporation (NYSE: PLL) reported 2Q:F11 EPS from operations of $0.68 versus $0.42 in the year-ago period and the Street consensus estimate of $0.57. The difference between reported results and JPM's estimate was due to higher than expected Biopharmaceutical and Energy & Water volumes...
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J.P. Morgan Maintains OW Rating On IR
Friday, March 11, 2011 - 8:37am | 205While J.P. Morgan says that there are some interesting developments at Ingersoll-Rand (NYSE: IR), it is maintaining its Overweight thesis. “IR stock has been dead money since the quarter, lagging on up days, but holding in on down days, probably because of limited exposure to the global growth/...
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Morning Market Movers (GMCR, ATRN, HGSI, XRM)
Thursday, March 10, 2011 - 10:47am | 191Green Mountain Coffee Roasters Inc (NASDAQ: GMCR) shares surged 30.42% to $56.92 at 9:45 am. GMCR agreed to sell Starbucks Corp's (NASDAQ: SBUX) coffee and Tazo teas pods for its popular Keurig machines. Atrinsic Inc (NASDAQ: ATRN) climbed 19.91% to $5.06. ATRN reported that subscribers to its...
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Jefferies Raises TRS Target From $21 To $22
Thursday, March 10, 2011 - 10:03am | 31Jefferies is raising its PT on shares of TriMas Corporation (NASDAQ: TRS) from $21 to $22. TriMas Corporation closed Wednesday at $19.45.
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NN Reports Strong 2010 4Q and Full Year Results (NNBR)
Thursday, March 10, 2011 - 8:51am | 187NN (Nasdaq: NNBR) today reported its financial results for the fourth quarter and year ended December 31, 2010. Net sales for the fourth quarter were $96.3 million, up $18.1 million or 23.1% from $78.3 million for the comparable period of 2009. Approximately $19.3 million of this growth was due...
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Earnings Scheduled For March 10 (NSM, PLL, KIRK, ARO, BKE, MTN, ACAD, JMBA, ZUMZ, AAON, SWHC, AVII, LCUT, RAVN)
Thursday, March 10, 2011 - 3:51am | 401National Semiconductor Corporation (NYSE: NSM) is estimated to post its Q3 earnings at $0.24 per share on revenue of $353.96 million. Pall Corp (NYSE: PLL) is expected to post its Q2 earnings at $0.57 per share on revenue of $606.56 million. Kirkland's Inc (NASDAQ: KIRK) is expected to post its...
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Top 4 Stocks In The Machine Tools & Accessories Industry With The Lowest PEG Ratio (KMT, TKR, ROLL, KDN)
Thursday, March 10, 2011 - 3:37am | 131Below are the top machine tools & accessories stocks on the NYSE and the NASDAQ in terms of PEG ratio Kennametal Inc (NYSE: KMT) has a PEG ratio of 0.57. KMT's trailing-twelve-month operating margin is 11.85%. Timken Company (The) (NYSE: TKR) has a PEG ratio of 0.99. TKR's trailing-twelve-...
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Links and Reading for March 8th
Wednesday, March 9, 2011 - 5:00pm | 289Some of the more interesting and important items for March 8th : Ford CEO Mulally gets $56.5M in stock award – Yahoo! Finance – DEARBORN, Mich. (AP) — Ford Motor Co.'s top two executives received nearly $100 million worth of stock for their performance during 2009 and 2010, years in which the...
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Blount International Reports Q4 EPS of $0.25
Wednesday, March 9, 2011 - 9:19am | 62Blount International Inc (NYSE: BLT) reported its Q4 EPS at $0.25, versus the consensus of $0.23. BLT reported its Q4 revenue at $171 million, versus the consensus of $165.40 million. BLT shares gained 0.07% to $15.84 in after-hours trading. Read more from Benzinga's Company news.
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Blount International Announces 4Q EPS Of $0.25 vs. $0.23
Wednesday, March 9, 2011 - 9:11am | 23Blount International, Inc. (NYSE: BLT) has announced its fourth quarter EPS of $0.25 vs. $0.23.
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SPX Corporation To Acquire B.W. Murdoch Ltd
Wednesday, March 9, 2011 - 9:02am | 55SPX Corporation (NYSE: SPW) today announced that it has completed the acquisition of B.W. Murdoch Ltd, a leading engineering company supplying processing solutions for the food and beverage industry. The company is based in Auckland, New Zealand. Terms of the acquisition were not disclosed.