KeyCorp looks prosperous, could be worth $11 per share, Barron's says
With an estimated Tier I common-equity ratio of 11.4%, KeyCorp (KEY) is
currently trading at a 5% discount to book value. The bank continues to
repurchase shares below book value and a dividend increase is feasible, Barron's
contends.
Coming Earnings
Day Quarter Consensus Year Ticker
Estimate Ago
M
Linear Technology 2Q $0.40 $0.41 LLTC
PPG Industries 4Q 1.52 1.31 PPG
Morgan Stanley 4Q 0.29 -0.14 MS
Consol Edison 4Q 0.73 0.74 ED
T
Lennar Cl A 4Q 0.44 0.16 LEN
Forest Labs 3Q -0.14 1.04 FRX
W
Bank of NY Mellon 4Q 0.54 0.42 BK
M & T Bank 4Q 2.18 1.04 MTB
JPMorgan Chase & Co 4Q 1.19 0.90 JPM
eBay 4Q 0.69 0.60 EBAY
Northern Trust 4Q 0.75 0.67 NTRS
U.S. Bancorp 4Q 0.74 0.64 USB
Comerica 4Q 0.65 0.48 CMA
Goldman Sachs Grp 4Q 3.65 1.84 GS
SLM 4Q 0.53 0.51 SLM
Th
Xilinx 3Q 0.37 0.41 XLNX
CitiGrp 4Q 0.96 0.31 C
Fastenal 4Q 0.33 0.30 FAST
Fifth Third Bancorp 4Q 0.42 0.34 FITB
Bank of America 4Q 0.02 0.15 BAC
Amphenol 4Q 0.90 0.73 APH
BlackRock 4Q 3.69 3.06 BLK
UnitedHealth Grp 4Q 1.19 1.17 UNH
Intel 4Q 0.45 0.64 INTC
American Express 4Q 1.06 1.01 AXP
BB & T 4Q 0.71 0.55 BBT
Capital One Fin'l 4Q 1.61 0.88 COF
PNC Fin'l Svcs 4Q 1.25 1.15 PNC
F
State Street 4Q 1.00 0.93 STT
Johnson Controls 1Q 0.51 0.60 JCI
Parker-Hannifin 2Q 1.14 1.56 PH
SunTrust Banks 4Q 0.61 0.28 STI
Rockwell Collins 1Q 0.89 0.86 COL
General Electric 4Q 0.43 0.39 GE
Schlumberger 4Q 1.08 1.11 SLB
(Earnings are diluted and report dates are tentative. All forecasts and
historical numbers exclude extraordinary items by accounting definitions.)
Source: Thomson First Call
Consensus Estimate
Day Time
Consesus Est Last Period
T 8:30 December PPI -0.1% -0.8%
8:30 December Retail Sales 0.2% 0.3%
10:00 November Business Inventories 0.3% 0.4%
W 8:30 December CPI 0.0% -0.3%
9:15 December Industrial Production 0.3% 1.1%
9:15 December Capacity Utilization 78.5% 78.4%
Th 8:30 December Housing Starts 890,000 861,000
10:00 January Philadelphia Fed Survey 6.0 8.1
F 9:55 January Michigan Sentiment 75.0 72.9
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: No Relevant Posers
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Sunday, January 13, 2013
Tuesday, January 8, 2013
Juggernaut Trading's Proprietary Trading FREE Seminar Link
https://www.youtube.com/watch?v=nGvtPeSdzQs
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com ***DISCLOSURE: This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com ***DISCLOSURE: This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Sunday, January 6, 2013
Earnings Season Begins! $AA $MON $APOL Report Tuesday after the close
Coming Earnings
Day Quarter Consensus Year Ticker
Estimate Ago
M
Phillips 66 4Q $1.66 PSX
ZEP 1Q 0.18 0.16 ZEP
Commercial Metals 1Q 0.17 0.20 CMC
T
Apollo Grp 1Q 0.90 1.28 APOL
Global Payments 2Q 0.87 0.86 GPN
Monsanto 1Q 0.37 0.23 MON
WD-40 1Q 0.56 0.42 WDFC
RPM Int'l 2Q 0.42 0.37 RPM
Acuity Brands 1Q 0.81 0.74 AYI
Lindsay 1Q 0.75 0.60 LNN
Alcoa 4Q 0.07 -0.03 AA
W
VOXX Int'l 3Q 0.36 0.38 VOXX
Ruby Tuesday 2Q -0.06 -0.03 RT
Helen of Troy 3Q 1.13 1.04 HELE
Constellation Brands 3Q 0.55 0.50 STZ
AZZ 3Q 0.57 0.40 AZZ
Th
Supervalu 3Q 0.06 0.24 SVU
Washington Federal 1Q 0.32 0.31 WAFD
MSC Industrl Direct 1Q 1.01 0.95 MSM
SYNNEX 4Q 1.04 1.37 SNX
F
Wells Fargo 4Q 0.90 0.73 WFC
(Earnings are diluted and report dates are tentative. All forecasts and
historical numbers exclude extraordinary items by accounting definitions.)
Source: Thomson First Call
Consensus Estimate
Day Time
Consesus Est Last Period
T 3:00 November Consumer Credit $12.8 bil $14.2 bil
Th 10:00 November Wholesale Inventories 0.3% 0.6%
F 8:30 December Import Prices 0.1% -0.9%
8:30 November International Trade -$41.2 bil -$42.2 bil
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: No Relevant Poser's
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Day Quarter Consensus Year Ticker
Estimate Ago
M
Phillips 66 4Q $1.66 PSX
ZEP 1Q 0.18 0.16 ZEP
Commercial Metals 1Q 0.17 0.20 CMC
T
Apollo Grp 1Q 0.90 1.28 APOL
Global Payments 2Q 0.87 0.86 GPN
Monsanto 1Q 0.37 0.23 MON
WD-40 1Q 0.56 0.42 WDFC
RPM Int'l 2Q 0.42 0.37 RPM
Acuity Brands 1Q 0.81 0.74 AYI
Lindsay 1Q 0.75 0.60 LNN
Alcoa 4Q 0.07 -0.03 AA
W
VOXX Int'l 3Q 0.36 0.38 VOXX
Ruby Tuesday 2Q -0.06 -0.03 RT
Helen of Troy 3Q 1.13 1.04 HELE
Constellation Brands 3Q 0.55 0.50 STZ
AZZ 3Q 0.57 0.40 AZZ
Th
Supervalu 3Q 0.06 0.24 SVU
Washington Federal 1Q 0.32 0.31 WAFD
MSC Industrl Direct 1Q 1.01 0.95 MSM
SYNNEX 4Q 1.04 1.37 SNX
F
Wells Fargo 4Q 0.90 0.73 WFC
(Earnings are diluted and report dates are tentative. All forecasts and
historical numbers exclude extraordinary items by accounting definitions.)
Source: Thomson First Call
Consensus Estimate
Day Time
Consesus Est Last Period
T 3:00 November Consumer Credit $12.8 bil $14.2 bil
Th 10:00 November Wholesale Inventories 0.3% 0.6%
F 8:30 December Import Prices 0.1% -0.9%
8:30 November International Trade -$41.2 bil -$42.2 bil
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: No Relevant Poser's
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Sunday, December 30, 2012
$PAY: Barron's(12/31) Beaten-Down VeriFone Could Climb 35%
Barron's(12/31) Beaten-Down VeriFone Could Climb 35%
Dec 29 at 00:08
Profile hits: NONE
By Alexander Eule
Change is usually accompanied by anxiety. with the emergence of the
digital wallet, investors are taking it out on VeriFone Systems, the dominant
maker of payment-card terminals found on retail counters. Among the top 1,000
U.S. retailers, VeriFone has 70% of the terminals. Investors are worried the
business could evaporate as merchants use smartphones and tablets to accept card
payments.
Always a volatile stock, VeriFone has had its shares cut in half since
April, to a recent $28.70. Investors are now valuing the stock at just nine
times fiscal 2013 earnings, versus a 10-year average of 18. VeriFone's fiscal
year ends in October.
Sunday, December 23, 2012
(HLF) Herbalife (NUS) Nu Skin: Suspect Ponzii Scheme Stocks That Look To Continue Lower
Barron's: Ackman Spares No Venue In Trying To Extinguish Herbalife
Activist hedge-fund manager Bill Ackman launched a remarkable crusade
Thursday by renting a Manhattan auditorium to make a three-hour, 334-slide
argument that the $5 billion New York-listed Herbalife is worth zero. Funds
run by his Pershing Square Capital Management have a large short- sale bet
against the stock (ticker: HLF) of the multilevel marketer of vitamins and
weight-loss shakes.
In TV appearances last week and a new Website (factsaboutherbalife.com),
Ackman alleged that Herbalife is a pyramid scheme, which is illegal. The Los
Angeles-based outfit should be targeted by regulators, said Ackman, but soon
enough will run out of new recruits to push its products. His firm estimates
that millions of people have lost $3.8 billion in failed attempts to get rich
by recruiting still other people to buy and sell Herbalife items.
The company has vigorously denied such charges in the past and said it
will hold an analyst meeting during the week of Jan. 7, 2013 to respond to the "
distorted, outdated and inaccurate information" from Pershing Square.
Herbalife's furious Chief Executive Michael O. Johnson called Ackman's
allegations "bogus" and seemed to threaten the money manager -- telling CNBC
that "the United States will be better when Bill Ackman is gone."
The money manager pledged to make a charitable donation of his profits
from the short sale, including a guaranteed donation of $25 million to the Ira
W. Sohn children's cancer foundation, which co-sponsored Ackman's unusual Dec.
20 jeremiad. With just a few days left before Pershing Square's year-end
performance measurement, the firm's Herbalife position will likely benefit from
the stock's 38% drop on the week, to $27.27.
The shares are down 40% since Barron's warned that Herbalife and
multi-level rival Nu Skin (NUS) disguised the failure rates of their recruits
("Where Beauty Is Skin Deep," May 14). Nu Skin shares fell last week to
$34.51, leaving them some 18% below their May level.
Tim@affinitytrading.com
***DISCLOSURE: Looking to continue shorting (HLF) (NUS)
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Wednesday, December 19, 2012
Facebook target raised to $33 from 28 at Cantor Fitzgerald
Facebook target raised to $33 at Cantor Fitzgerald -- FB
continues to win on mobile (Stock Price: 27.71)
Dec 19 at 06:39
Profile hits: QU2
Cantor Fitzgerald raises their FB tgt to $33 from $28 on: 1) rollover
of their DCF-derived PT to FY13 from FY12, 2) more confirmation of Facebook's
traction on mobile with user-engagement showing material acceleration in
November, and 3) growing mobile monetization. In all, they view Facebook as a
prime beneficiary of growth in mobile advertising/e-commerce and view its shares
as an attractive play on this trend.
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: Long (FB)
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
continues to win on mobile (Stock Price: 27.71)
Dec 19 at 06:39
Profile hits: QU2
Cantor Fitzgerald raises their FB tgt to $33 from $28 on: 1) rollover
of their DCF-derived PT to FY13 from FY12, 2) more confirmation of Facebook's
traction on mobile with user-engagement showing material acceleration in
November, and 3) growing mobile monetization. In all, they view Facebook as a
prime beneficiary of growth in mobile advertising/e-commerce and view its shares
as an attractive play on this trend.
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: Long (FB)
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Monday, December 17, 2012
Juggernaut Trading's Essential Equities Webinar on Proprietary Trading
January 8th
Location: Legend Trading's Office or attend remotely via webinar Classroom "A"
45 Broadway, NY NT 10006 32 Floor
Time: 7pm
Cost: FREE
Register Here: Juggernaut Trading's Essential Equities Webinar
Tim will be providing a topic review for his 5 Day Live "Essential Equities Trading Course" given during live market trading hours November 12th through 16th. In Depth Topic reviews and pointers will be given covering the course content listed below. Tim will be using live trading simulations to review recent events in the markets and how they pertain to these essential fundamental topics. If your beginner or even a seasoned veteran trader don't miss this rare opportunity to review these essential topics that apply to most successful traders in our constantly evolving dynamic market.
Tim Kelleher has been in the middle of the electronic securities trading industry for the past two decades. Beginning at Instinet in 1992, Tim moved on to Broadway Trading in 1997 where he became a full-time trader. Trading with the Boca Raton Broadway "SOES Bandits", Tim developed a style and eye for momentum trading and scalping. Over the years Tim has founded and worked with several top trading, and trading education companies. He excels in pre-market trading events, as well as trading morning gaps and opening inefficiencies. Tim is also versed in and employs intra-day trending trades, capitulation trades, fundamental news trading, and technical analysis-based trades. In almost 20 years of trading, Tim has extensive experience with most types of profitable trading styles.
Tim is a registered Legend Trading LLC Associated Person and Affinity Trading Institute Contributor
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Location: Legend Trading's Office or attend remotely via webinar Classroom "A"
45 Broadway, NY NT 10006 32 Floor
Time: 7pm
Cost: FREE
Register Here: Juggernaut Trading's Essential Equities Webinar
Tim will be providing a topic review for his 5 Day Live "Essential Equities Trading Course" given during live market trading hours November 12th through 16th. In Depth Topic reviews and pointers will be given covering the course content listed below. Tim will be using live trading simulations to review recent events in the markets and how they pertain to these essential fundamental topics. If your beginner or even a seasoned veteran trader don't miss this rare opportunity to review these essential topics that apply to most successful traders in our constantly evolving dynamic market.
Tim Kelleher has been in the middle of the electronic securities trading industry for the past two decades. Beginning at Instinet in 1992, Tim moved on to Broadway Trading in 1997 where he became a full-time trader. Trading with the Boca Raton Broadway "SOES Bandits", Tim developed a style and eye for momentum trading and scalping. Over the years Tim has founded and worked with several top trading, and trading education companies. He excels in pre-market trading events, as well as trading morning gaps and opening inefficiencies. Tim is also versed in and employs intra-day trending trades, capitulation trades, fundamental news trading, and technical analysis-based trades. In almost 20 years of trading, Tim has extensive experience with most types of profitable trading styles.
Tim is a registered Legend Trading LLC Associated Person and Affinity Trading Institute Contributor
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
$AAPL could break $500 hard tomorrow in the early am
Barron's Blog/Tech Trader Daily: AAPL: Citi Cuts to Hold, Target to $575 on Rising iPhone, Tablet Competition
http://www.zerohedge.com/news/2012-12-16/citis-apple-coverage-tag-trio-downgrades-aapl-neutral-price-target-cut-100-575
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: Looking at AAPL short tomorrow early
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
http://www.zerohedge.com/news/2012-12-16/citis-apple-coverage-tag-trio-downgrades-aapl-neutral-price-target-cut-100-575
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: Looking at AAPL short tomorrow early
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Wednesday, December 12, 2012
(RIMM) 50 day moving average looking to cross the 200 day
https://www.youtube.com/watch?v=nH3-sCGExkc
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: Long RIMM
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Thanks for checking - Feel free to contact me regarding trading services, education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: Long RIMM
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Sunday, December 9, 2012
Monday Stocks To Watch: (MW) Bad News is Priced In (GRPN) Soars on (GOOG) Potential Bid
(MW) Barron's - Hey There, Handsome Dec 8 at 00:08
Shares of Men's Wearhouse came apart at the seams last week after the retailer of men's tailored clothing reported disappointing third-quarter earnings and sharply reduced its fourth-quarter and full-year profit guidance. The stock opened 12.5% lower on Thursday morning, and ended the week off 6%, at $30.48.
Don't believe us? Prices for men's apparel have climbed by more than in any year since the late 1980s, an indication of strong demand. And department stores such as Macy's (ticker: M) and Nordstrom (JWN) have said men's clothing is among their fastest-growing departments.
What's more, the bad news seems fully reflected in the company's shares
(MW). After its dressing-down, Men's Wearhouse trades for just 10.3 times estimated earnings of $2.97 a share for the fiscal year ending January 2014. That's well below other specialty-apparel chains and near the bottom of the company's historic valuation range. Back out $2.71 in net cash per share, and the price/ earnings ratio is even lower. If traffic rebounds next year, as expected, the shares could rally 25%, to $38. Investors can console themselves with a 2.4% dividend yield while they wait.
(GRPN) Barron's Blog/Tech Trader Daily: GRPN Soars 23%: Google Might Consider a Bid, Says Bloomberg Dec 7 at 19:46
Could the $6 billion deal that never happened be back on the table? Bloomberg's Douglas MacMillan this afternoon writes that the rise today in Groupon ( GRPN) shares of 88 cents, or 23%, to $4.69 was prompted by rumors that Google ( GOOG) might consider bidding for the company, citing remarks by Tom Forte of Telsey Advisor Group.
Google and Groupon representatives declined to comment to MacMillan, he notes.
Groupon also, apparently, canceled an upcoming appearance at an investment conference hosted by Sterne Agee, it was reported earlier today by wire services.
Google was rumored to be shopping for Groupon two years ago, and willing to pay $6 billion, but was ultimately rebuffed by Groupon before the e-commerce company went public, according to press reports at the time.
Google shares ended the day down $6.92, or 1%, at $684.21.
Thanks for checking - Feel free to contact me regarding trading services, FREE education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: No relative positions
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
Shares of Men's Wearhouse came apart at the seams last week after the retailer of men's tailored clothing reported disappointing third-quarter earnings and sharply reduced its fourth-quarter and full-year profit guidance. The stock opened 12.5% lower on Thursday morning, and ended the week off 6%, at $30.48.
Don't believe us? Prices for men's apparel have climbed by more than in any year since the late 1980s, an indication of strong demand. And department stores such as Macy's (ticker: M) and Nordstrom (JWN) have said men's clothing is among their fastest-growing departments.
What's more, the bad news seems fully reflected in the company's shares
(MW). After its dressing-down, Men's Wearhouse trades for just 10.3 times estimated earnings of $2.97 a share for the fiscal year ending January 2014. That's well below other specialty-apparel chains and near the bottom of the company's historic valuation range. Back out $2.71 in net cash per share, and the price/ earnings ratio is even lower. If traffic rebounds next year, as expected, the shares could rally 25%, to $38. Investors can console themselves with a 2.4% dividend yield while they wait.
(GRPN) Barron's Blog/Tech Trader Daily: GRPN Soars 23%: Google Might Consider a Bid, Says Bloomberg Dec 7 at 19:46
Could the $6 billion deal that never happened be back on the table? Bloomberg's Douglas MacMillan this afternoon writes that the rise today in Groupon ( GRPN) shares of 88 cents, or 23%, to $4.69 was prompted by rumors that Google ( GOOG) might consider bidding for the company, citing remarks by Tom Forte of Telsey Advisor Group.
Google and Groupon representatives declined to comment to MacMillan, he notes.
Groupon also, apparently, canceled an upcoming appearance at an investment conference hosted by Sterne Agee, it was reported earlier today by wire services.
Google was rumored to be shopping for Groupon two years ago, and willing to pay $6 billion, but was ultimately rebuffed by Groupon before the e-commerce company went public, according to press reports at the time.
Google shares ended the day down $6.92, or 1%, at $684.21.
Thanks for checking - Feel free to contact me regarding trading services, FREE education and access to my daily guest appearance broadcast. Tim@affinitytrading.com
***DISCLOSURE: No relative positions
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by Legend Trading or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
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