On Tap For Mon Feb 26, 2007
Sorry folks...I didn't have time to post up my "Weekend Reading" as I was out of town for most of the weekend. Don't worry...next weekend will be a "2-for-1 Weekend Reading" as I will combine this week's links along with next week's links.
Next weekend will be busy in terms of posts and I will also provide my monthly review and a monthly review roundup for February.
Now, let's get back down to business. Buyouts, buyouts and more buyouts...that's all I have to say about my list tonight.
- The following companies are reporting before the bell tomorrow (please note that these are not all the companies that are reporting tomorrow morning - just the ones I'm watching):
Marvel Entertainment, Inc. (MVL)*
Nordstrom, Inc. (JWN)
Grey Wolf, Inc. (GW)
- On Friday after the close, there was a report that two private equity firms were preparing a $32 billion bid for TXU Corporation (TXU)*....TXU jumped over 18% on the news in after-hours trade; TXU closed at $60.02
- Over the weekend, Station Casinos, Inc. (STN)* board accepted a revised buyout offer from a private equity firm...there were reports that the revised offer was for $90 per share; STN closed at $83.30 on Friday
- I'm going to watch Fortress Investment Group (FIG)...it recently had it's IPO and media reports say that FIG may be one of the potential bidders for the troubled EMI Group; FIG closed at $29.68
- There was another report over the weekend that stated that The Dow Chemical Company (DOW) will soon be acquired in a takeover bid worth up to $54 billion and that DOW could fetch between $60 - $80 a share...these are just rumors at the moment; DOW closed at $43.45
Please note that those stocks denoted with a * and highlighted green indicate that they are on the SHO Pilot List which means you can short them on a downtick.
Labels: on tap stocks to watch
0 Comments:
Post a Comment
<< Home