BloggingStocks

Del Monte Foods Surges on Takeover Reports

Brent Archer — Fri, 19 Nov 2010 14:00:00 EST

Filed under: Major Movement, Good news, Rumors, Options, Technical Analysis

Del Monte (DLM - option chain) shares are rising today on reports that the company is in advanced discussions with KKR (KKR) regarding a possible takeover of DLM. KKR is offering $18.50 per share for DLM, according to a Reuters report. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on DLM.

DLM opened this morning at $17.46. So far today the stock has hit a low of $17.07 and a high of $17.72. As of 12:05, DLM is trading at $17.20 up $1.49 (9.5%). The chart for DLM looks bullish.

Continue reading Del Monte Foods Surges on Takeover Reports

Del Monte Foods Surges on Takeover Reports originally appeared on BloggingStocks on Fri, 19 Nov 2010 14:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Earnings highlights: Del Monte, Men's Wearhouse, National Semiconductor, Talbots ...

Trey Thoelcke — Sat, 13 Jun 2009 15:10:00 EST

Filed under: Earnings Reports

Here are some highlights from this past week's earnings coverage from BloggingStocks:

Barnes Group Inc. (NYSE: B) withdrew its 2009 earnings guidance due to uncertainty in transportation.
Brown-Forman Corp. (NYSE: BF.B) Q4 profit beat estimates and it offered guidance for next year.
Del Monte Foods Co. (NYSE: DLM) posted strong Q4 results on price increases and a better tax situation.
FuelCell Energy Inc. (NASDAQ: FCEL) posted lower Q2 sales but announced a big order from South Korea.
Men's Wearhouse Inc. (NYSE: MW) lower Q1 profit topped estimates but the outlook was in line.
National Semiconductor Corp. (NYSE: NSM) Q4 net loss and fiscal-year profit both beat estimates.

Continue reading Earnings highlights: Del Monte, Men's Wearhouse, National Semiconductor, Talbots ...

Earnings highlights: Del Monte, Men's Wearhouse, National Semiconductor, Talbots ... originally appeared on BloggingStocks on Sat, 13 Jun 2009 15:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

BusinessWeek: Be wary of stocks under $10

Eliza Popescu — Wed, 02 Jul 2008 15:45:00 EST

Filed under: Forecasts, Consumer Experience, Competitive Strategy, Apple Inc (AAPL), Ford Motor (F), Motorola (MOT), Research in Motion (RIMM), Washington Mutual (WM), Economic Data, JetBlue Airways (JBLU)

The weak market conditions have caused many stock prices to fall under $10. Not only smaller -- and perhaps lesser known -- stocks trade under $10 these days, but also some big and famous names such as Ford Motor Co. (NYSE: F), Motorola Inc. (NYSE: MOT), Sprint Nextel Corp. (NYSE: S), Washington Mutual Inc. (NYSE: WM) and Del Monte Foods (NYSE: DLM), as well as many airline companies like Northwest Airlines (NYSE: NWA) and JetBlue (NASDAQ: JBLU).

While those names could sound tempting for investors who may think they are cheap, BusinessWeek's Karyn McCormack reminds us that not everything that is cheap is a good bargain, and there are some risks that need to be taken into account.

One common problem for most of these stocks is that they trade under $10 for a reason. That reason is usually hardly any earnings growth, if any at all. And with a weak economy, these companies would have an even harder time to stimulate growth. Add to the mix the fact that institutional investors don't like to touch stocks under $10 and the potential for recovery is not good.

Continue reading BusinessWeek: Be wary of stocks under $10

BusinessWeek: Be wary of stocks under $10 originally appeared on BloggingStocks on Wed, 02 Jul 2008 15:45:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments