The editor of Validea explains, "The Brinks Company (BCO) -- a provider of secure transportation, cash logistics and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations worldwide. -- earns a 100% 'guru score' on the Fisher model."
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FeedThe Brinks Company: A 'Kenneth Fisher' Price/Sales Value
"Our newsletter screens stocks based on the specific investment critieria used by numerous 'legendary' investor; our Price/Sales Investor screen is based on Kenneth Fisher," says John Reese.
The editor of Validea explains, "The Brinks Company (BCO) -- a provider of secure transportation, cash logistics and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations worldwide. -- earns a 100% 'guru score' on the Fisher model."
The editor of Validea explains, "The Brinks Company (BCO) -- a provider of secure transportation, cash logistics and other security-related services to banks and financial institutions, retailers, government agencies, mints, jewelers and other commercial operations worldwide. -- earns a 100% 'guru score' on the Fisher model."
Continue reading The Brinks Company: A 'Kenneth Fisher' Price/Sales Value
Tyco International Purchases Brink's Home Security
This morning, Tyco International (TYC) announced that it will purchase Brink's Home Security Holdings (CFL) for $2 billion. The $2 billion will be comprised of cash and stock. TYC noted that the deal will combine two of the top companies in North American residential and commercial security under the ADT banner. Brink's/Broadview Security reportedly has more than 1.3 million recurring revenue accounts in North America, with revenue of roughly $565 million. This is roughly a quarter of ADT's 4.8 million accounts.
Continue reading Tyco International Purchases Brink's Home Security
Newspaper wrap-up 7-20-07: Monster founder involved in options backdating
MAJOR PAPERS:- Barron's Online's (subscription required) "Inside Scoop" reported that a batch of sales at Alcoa Inc (NYSE: AA) has followed Alcoa's withdrawal of its offer to purchase Alcan Inc (NYSE: AL): from July 13-17, four senior executives grossed $41.3M by selling 877,600 shares on the open market at per-share prices ranging from $46.67 to $47.47, according to SEC data.
- Andrew McKelveey, the founder and former CEO of Monster Worldwide Inc (NASDAQ: MNST) was allegedly involved in the backdating of stock option grants for employees, reported the Wall Street Journal (subscription required).
- Vodafone Group plc (NYSE: VOD) CEO Arun Sarin made a concession to rebel shareholders yesterday by promising to release value from Verizon Wireless, a joint venture in which Vodafone has a 45% stake, reported the U.K. Times.
- From BusinessWeek's "Inside Wall Street" column:
- Activist shareholders are putting pressure on Brink's Company (NYSE: BCO) to spin-off its home security unit, so that it can trade independently of the armored cars.
- Pipex Pharmaceuticals Inc (AMEX: PP) has been off Wall Street's radar screen, but perhaps not for long. Pipex may have a stable of winners in the making, including an orphan drug designation.
- The aircraft, auto, and architecture sectors are expected to be big users of Research Frontiers Inc's (NASDAQ: REFR) SmartGlass technology, which lets glass go from clear to opaque fast.
Daily option update 12-20: Higher bid expected for Redback
U.S. stocks were mixed in trading yesterday. The Dow was down 0.01%, the NASDAQ 100 down 0.01%, the S&P 500 up 0.08%, and 10-year bond rates decreased to 4.5950%. The CBOE VIX was down .14 to 10.35. In the next twelve days, only six will be trading days.- Redback Networks Inc.'s (NASDAQ: RBAK) call activity suggests another bid above Ericsson's (NASDAQ: ERIC) $25 bid is expected. Redback agreed to sell itself to Ericsson for $25 per share in cash, but has been recently trading at $25.58. Redback January 25 calls have traded 587 times on transaction volume of 21,094 contracts according to Track Data. Redback January 25 calls are bid .85 cents, suggesting option market makers expect a higher hostile buyout bid.
- Google Inc.'s (NASDAQ: GOOG) January option implied volatility of 24 suggests decreasing risk. Google is recently trading at $465.28, and with a January option implied volatility of 24 is at the low end of range according to Track Data, suggesting decreasing price risk.
- The Brink's Company's (NYSE:BCO) options have been busy on higher volatility as Brink's trades up to a new record. Brink's, a leader in security and risk management services, is recently up $1.62 to $64.49. Pirate Capital, an activist hedge fund with an 8.5% stake in the company, has been encouraging Brink's to immediately unlock long-term shareholder value. Brink's has a market cap of $3.1 billion with long term debt of $144 million, and reported 2005 revenues of $2.5 billion. Brink's call option volume of 2,797 contracts compares to put volume of 724 contracts. The January option implied volatility of 33 is above its 26-week average of 28 according to Track Data, suggesting increasing price risks.
Options analysis provided by Paul Foster, options strategist for Theflyonthewall.com.
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