Newspaper wrap-up 1-16-07: Fidel Castro in "very grave" condition
Posted Jan 16th 2007 9:25AM by Eric Buscemi
Filed under: Newspapers, Magazines, Hewlett-Packard (HPQ), Pfizer (PFE), Ford Motor (F), Citigroup Inc. (C), Sony Corp ADR (SNE), Xerox Corp (XRX), YRC Worldwide (YRCW), Barclays plc ADS (BCS)
MAJOR PAPERS:
- Barron's Magazine (subscription required) highlighted a number of possible M&A targets, along with a few stocks it believes to be undervalued:
- M&A is expected to continue in Europe: possible large cap targets include Barclays (NYSE: BCS), Deutsche Telekom (NYSE: DT), Deutsche Bank (NYSE: DB), ABN Amro (NYSE: ABN), Volkswagen (OTC: VLKAY), Koninklljke (NYSE: KPN) and Swisscom (NYSE: SCM); possible small-mid cap targets include Hellenic Telecom (NYSE: OTE).
- There may still be upside in shares of Xerox (NYSE: XRX), says James Benson, a partner and securities analyst at Harris Associates.
- Shares of YRC Worldwide (NASDAQ: YRCW) may be undervalued by as much as 50%, says Barron's "Bottom Line," which writes that shares could climb above $60.
- The Wall Street Journal (subscription required) featured an article on Pfizer's new CEO and his strategic plan.
- Pfizer's (NYSE: PFE) new CEO, Jeffrey B. Kindler, is preparing to detail his strategic vision for the company that will likely involve more job cuts.
- Hewlett-Packard (NYSE: HPQ) is claiming a nanotechnology research breakthrough that would bring big benefits in performance.
- According to a Nomura report, Sony Corp (NYSE: SNE) will reach only 75% of its global target for PlayStation 3 sales this fiscal year through March.
- The New York Times had an article highlighting the possibility of New York funding stem cell research.
- New York Governor Eliot Spitzer called for the passage of a $2B 10-year bond initiative for research and development, at least half of which would be set aside to pay for stem cell research.
- Citigroup (NYSE: C) may shorten its name to Citi and drop its umbrella logo.
OTHER PAPERS:
- The UK Times wrote that Ford (NYSE: F) may have trouble selling its Aston Martin unit after potential buyers found problems in the divisions books while doing due diligence.
- El Pais wrote that Fidel Castro is in "very grave" condition after three failed operations and complications from an intestinal infection known as diverticulitis.
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