BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[CompuDyne: Secure in going private]]>http://www.bloggingstocks.com/2007/08/08/compudyne-secure-in-going-private/http://www.bloggingstocks.com/2007/08/08/compudyne-secure-in-going-private/http://www.bloggingstocks.com/2007/08/08/compudyne-secure-in-going-private/#commentsFiled under:

CompuDyne Corp. (NASDAQ: CDCY) has an number of business lines, including electronic security products for prisons and jails, video badging services for the US Air Force, and even bullet and blast resistant windows.

In light of the need for security, it seems like CompuDyne is in a growth sector, right? Not for shareholders. Over the years, the stock price has been fairly choppy.

Well, the company has now decided to go private in a deal worth about $59 million, which is a 32% premium from Monday's closing stock price. The private equity investor is the Gores Group.

Interestingly enough, CompuDyne mentioned Sarbanes-Oxley as a key reason for the transaction. After all, the compliance costs have been about $4-$5 million per year.

CompuDyne also reported its quarterly results. And, unfortunately, there was a 7% drop in revenues and earnings fell 33% to $204,000.

In other words, the fundamentals are not getting better. So, perhaps the private equity folks can make some big changes to get things back on track.

If you want to check out other recent M&A deals, click here.

Tom Taulli is the author of various books, including the Complete M&A Handbook and the EDGAR-Online Guide to Decoding Financial Statements.

CompuDyne: Secure in going private originally appeared on BloggingStocks on Wed, 08 Aug 2007 13:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>CDCYCompuDyneGores GroupGoresGroupSarbanes-OxleyWed, 08 Aug 2007 13:30:00 EST<![CDATA[Analyst downgrades 4-04-07: Cephalon, First Data & Dreamworks Animation downgraded today]]>http://www.bloggingstocks.com/2007/04/04/analyst-downgrades-4-04-07-cephalon-first-data-and-dreamworks-an/http://www.bloggingstocks.com/2007/04/04/analyst-downgrades-4-04-07-cephalon-first-data-and-dreamworks-an/http://www.bloggingstocks.com/2007/04/04/analyst-downgrades-4-04-07-cephalon-first-data-and-dreamworks-an/#commentsFiled under: , , ,

MOST NOTEWORTHY: First Data Corp (FDC), Pinnacle Entertainment, Inc (PNK), Cephalon, Inc (CEPH) and Verint Systems Inc (VRNT) were some of today's downgrades:
  • UBS downgraded First Data Corp (NYSE: FDC) to Neutral from Buy following the acquisition by KKR.
  • Pinnacle Entertainment (NYSE: PNK) was cut to Hold from Buy at Matrix USA, as the firm believes post-hurricane reconstruction efforts are leading to significant capital expenditures, which limits upside.
  • Cephalon Inc (NASDAQ: CEPH) was removed from American Technology's Focus List with shares up 15% in three weeks as the approval of Nuvigil without a Black Box warning has passed.
  • JP Morgan cut shares of Verint Systems (NASDAQ: VRNT) to Underweight from Neutral, citing risks and costs associated from the Witness Systems' (WITS) acquisition.
OTHER DOWNGRADES:
  • Labor Ready, Inc (NYSE: LRW) was downgraded to Sell from Neutral at Goldman based on the slowdown in U.S. residential construction activity.
  • Friedman Billings cut CompuDyne Corp (NASDAQ: CDCY) to Market Perform from Outperform following Q4 results.
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst downgrades 4-04-07: Cephalon, First Data & Dreamworks Animation downgraded today originally appeared on BloggingStocks on Wed, 04 Apr 2007 10:58:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>analystcdcycephcephaloncompudynedowngradedreamworksdwafdcfirst dataFirstDataicagenicgninternational paperInternationalPaperiplabor readyLaborReadylivepersonlpsnlrwmedimedimmunepinnaclepnkratingtheflyonthewall.comverintvrntWed, 04 Apr 2007 10:58:00 EST