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[Option update: Garmin volatility up on abandoned bid for Tele Atlas]]>http://www.bloggingstocks.com/2007/11/16/option-update-garmin-volatility-up-on-abandoned-bid-for-tele-at/http://www.bloggingstocks.com/2007/11/16/option-update-garmin-volatility-up-on-abandoned-bid-for-tele-at/http://www.bloggingstocks.com/2007/11/16/option-update-garmin-volatility-up-on-abandoned-bid-for-tele-at/#commentsFiled under: ,

Garmin (NASDAQ: GRMN) announced it is dropping its $3.3 billion bid for Tele Atlas. TomTom had bid $4.2 billion for Tele Atlas. GRMN, a designer and manufacturer of navigation, communication and information devices, is recently up $20.00 to $104.12 in pre-open trading. GRMN overall option implied volatility of 62 is above its 26-week average of 50 according to Track Data, indicating larger price movement.

Jack in the Box (NYSE: JBX) is recently trading at $30 in pre-open trading, above its close of $27.08. JBX reported Q4 EPS of 43 cents vs. consensus estimates of 38 cents. JBX full year same-store sales increased 6.1%. RBC Capital Markets says "JBX offers EPS guidance above estimates." JBX overall option implied volatility of 65 is above its 26-week average of 32 according to Track Data, suggesting larger risk.

Daily options Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

Option update: Garmin volatility up on abandoned bid for Tele Atlas originally appeared on BloggingStocks on Fri, 16 Nov 2007 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>burgers shakes friesBurgersShakesFriesGarminGRMNJack In The BoxJackInTheBoxJBXnavigation, communication and information devicesNavigation,CommunicationAndInformationDevicesoption implied volatilityOptionImpliedVolatilityTele AtlasTeleAtlasTomTomFri, 16 Nov 2007 12:20:00 EST<![CDATA[Garmin (GRMN) soars on Navteq (NVT) deal]]>http://www.bloggingstocks.com/2007/11/16/garmin-grmn-soars-on-navteq-nvt-deal/http://www.bloggingstocks.com/2007/11/16/garmin-grmn-soars-on-navteq-nvt-deal/http://www.bloggingstocks.com/2007/11/16/garmin-grmn-soars-on-navteq-nvt-deal/#commentsFiled under: , , , , , ,

Shares of Garmin Ltd. (NASDAQ: GRMN) have been struggling lately as the company has been involved in a bidding war for Dutch digital mapmaker Tele Atlas NV. That has all changed this morning with the news that Garmin has pulled out of the bidding for Tele Atlas and instead signed a deal with Navteq Corp. (NYSE: NVT) for mapping services through the year 2015.

The stock has been soaring in premarket trading, up over 20% on this morning's news. Wall Street has been pretty tough on Garmin lately as investors worried about where the company would get its mapping services. Earlier this year, Nokia Corp. (NYSE: NOK) made an $8.1 billion bid for Navteq, and concerns mounted that Garmin would be unable to continue to get its mapping needs from the company.

After the Nokia offer for Navteq, Garmin had entered into a bidding war to acquire the only other major mapping provider, Tele Atlas, the other bidder being TomTom NV. TomTom has recently upped the ante for Tele Atlas to $4.2 billion, which was well above what Garmin was willing to pay for the company.

Today's announcement comes as great news to Garmin investors and the stock will be rewarded nicely in today's market.

Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer.

Garmin (GRMN) soars on Navteq (NVT) deal originally appeared on BloggingStocks on Fri, 16 Nov 2007 10:10:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>dealsGarminGPSGRMNinthenewsNavteqNOKNokiaNVTtele atlasTeleAtlastomtomFri, 16 Nov 2007 10:10:00 EST