Posts related to ‘Food’

52-Week High Club (DDS, DBRN, SJM, MRK)

Dillard’s Inc. (NYSE: DDS) rose as high as over 10% to a yearly high of $15.79 after the department-store chain was upgraded by Deutsche Bank AG.  

Dress Barn Inc. (NASDAQ: DBRN) rose as high as 9.2% to a yearly his of $22.42 after the women’s clothing retailer announced earnings of $0.37, beating analysts estimates.

The J.M. Smucker Company (NYSE: SJM) rose as high as 6.3% to a yearly high of $56.86  after the jam and peanut butter maker reported earnings of $1.222 per share, beating analyst estimates.  

Merck & Co. (NYSE: MRK) rose nearly 4% to a yearly high of $36.67 after the pharmaceutical company announced that drug Elonva was recommended for treatment of the ovaries in the European Union.

Garrett W. McIntyre

Posted on: November 20, 2009 – 4:11 pm in Earnings, Food, Pharmaceuticals, Retail, , , ,

52-Week High Club (FDX, LNY, MRK, GOOG)

FedEx Corp. (NYSE: FDX) over 3% to a yearly high of $84.92.  Barron’s reported that the package delivery company may rise as high as $100 dollars according to a survey of investors and analysts.

Landry’s Restaurants Inc. (NYSE: LNY) rose over 20% to a yearly high of $20.23.  After last week’s buyout proposal from the company’s chief executive Bill Ackman’s Pershing Square Capital has reported a stake in the company and has divulged its opposition to the buyout offer.

Merck & Co. Inc. (NYSE: MRK) rose over 2.5% to a yearly high of $34.35.  The company’s Human Health President Keneth Frazier told CNBC that it would not pull Vytorin and Zetia, the company’s cholesterol medications, off of the market.

Google Inc. (NASDAQ: GOOG) rose close to 1% to a yearly high of $576.99.  The TechCruch blog put out a piece on Sunday reporting that Google had hired Microsoft’s (NASDAQ: MSFT) former director of new business development.

Garrett W. McIntyre

Posted on: November 16, 2009 – 4:02 pm in Food, Pharmaceuticals, Technology Companies, Transports, , , , ,

52-Week High Club (NCST, SMD)

NUCRYST Pharmaceuticals Corp. (NASDAQ: NCST) rose over 70% to a yearly high of $1.70.  Its rise was driven by the news that Smith & Nephew Plc (NYSE: SNN) has agreed to buy nearly all of NUCRYST’s assets.  

Smithfield Foods Inc. (NYSE: SMD) rose over 9% to a yearly high of $17.34.  The pork processor was raised to a “buy” by analysts at Deutsche Bank AG.

Garrett W. McIntyre

Posted on: November 11, 2009 – 4:21 pm in Biotech, Food, ,

24/7 Wall St. TV: McDonald’s (MCD) Consumer Service Lesson: Seconds Count

24/7 WallSt TVMcDonald’s (NYSE:MCD) spends a great deal of its test kitchen time trying to beat the clock. It has occurred to the fast food chain that a customer who expects to wait 30 seconds for a meal may leave after a minute if his food is not ready.  The world’s largest restaurant operator has its own Innovation Center where management works out the kinks of serving food hot and on time. Read More »

Posted on: November 9, 2009 – 4:08 am in Food, TV, , , , , , , , ,

52-Week High Club

Burlington Northern Santa Fe Corp (NYSE: BNI) surged close to 30% to a yearly high of $97.59 following news that Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) will be buying the freight rail operator for $100 per share, which places the value of the company at $44 billion.

The Black & Decker Corporation (NYSE: BDK) rallied close to 30% to a yearly high of $61.79  following news that the tool makers has agreed to be purchased by Stanley Works (NYSE: SWK) in an all stock deal valued at $4.5 billion.

Cognizant Technology Solutions Corp (NASDAQ: CTSH) rose over 8% to a yearly high of $42.40.  The computer services and technology consulting company announced that its 3Q 09 profit rose roughly 21%, beating analyst estimates.  The company also raised its 2009 profit estimate to $1.88 per share from $1.78 per share.

Landry’s Restaurants (NYSE: LNY) rose over 25% to a yearly high of $13.99.  The restaurant, hospitality and entertainment company following rose on news that the company’s chief executive, Timothy J. Fertitta has agreed to purchase the company for $14.75 per share, or $1.2 billion.

Garrett W. McIntyre

Posted on: November 3, 2009 – 4:03 pm in Buffett, Consumer Goods, Earnings, Food, Hardware, Mergers and Buy Outs, Technology Companies, , , , , , ,

A Coffee Firm Merger Aimed At Starbucks (SBUX)

hersheyTwo coffee companies which sell their products online and through retailers are merging. They should be able to create a formidable competitor for Starbuck’s  retail business outside its own stores. Diedrich (NASDAQ:DDRX) will be bought by Peet’s NASDAQ:PEET) for $26 a share or $213 million. The consideration is well above Diedrich’s current price of just over $20.

Diedrich sells it single serving products and beans through restaurants, stores, and coffeehouses. Peet’s sells coffee and tea through restaurants and food services establishments and also sells coffee and tea makers. Neither firm has a chain of stores like Starbucks does, but each competes with the Starbucks branded coffees sold in grocery stores and super markets. Read More »

Posted on: November 3, 2009 – 5:40 am in Food, Mergers and Buy Outs, , , ,

24/7 WallSt TV: Kraft (KFT) Does Its Shareholders No Favor: Gets Hostile With Cadbury

24/7 WallSt TVThe efforts of Cadbury’s board to keep the company out of the clutches of Kraft (NYSE:KFT) will likely fail because no second bidder has emerged. The Times says that Kraft will make a hostile bid for the UK-based company toward the end of this week. The offer is likely to be at little or no premium to the price at which Cadbury trades now.

Kraft shareholders have every reason to resent the company’s plans to buy Cadbury. The British company is already doing well financially and there is absolutely no reason for Kraft to believe that it can add anything to that performance beyond a one-time set of cost cuts. Read More »

Posted on: November 1, 2009 – 6:04 pm in Food, Mergers and Buy Outs, TV, Uncategorized,

Interview With Caribou Coffee CEO, Michael Tattersfield

caribouCaribou Coffee (NASDAQ: CBOU) is a retail and commercial coffee vendor.  Its stock has soared more than 500% this year, well outperforming its peer group.  24/7 Wall St. had an opportunity to interview the company’s President and Chief Executive Officer, Michael Tattersfield, who recently took the helm at Caribou and brings with him extensive experience in the retail sector.  Tattersfield describes how the company has become profitable and how it plans to produce growth going forwards. Read More »

Posted on: October 28, 2009 – 4:30 am in Food, Interview, Retail, , ,

Dole Joins Line of Disappointing IPOs (DOLE)

Dole LogoDole Food Company, Inc. (NYSE: DOLE) is making its re-return this morning and is joining in a long line of a very disappointing IPO market.  Dole may be the largest producer and seller of fresh fruits and vegetables in the world, but it is also effectively being treated the same as private equity backed deals as this company has been public before.  The Initial Public Offering was for 35.7 million shares and the $12.50 pricing is under the indicated price range of $13 to $15 per share.
Read More »

Posted on: October 23, 2009 – 9:50 am in Food, IPOs,

3 More IPOs This Week Enter Troubled Waters (AGAM, DOLE, ZSTN)

Money ImageThe IPO market has not been going well. Over the weekend we gave a detailed run down of how many busted IPOs we had seen occur in the last couple of months, and this is setting the market up for trouble in companies which are considering becoming public.  AGA Medical Holdings (NASDAQ: AGAM), Dole Food Company (NYSE: DOLE), and ZST Digital Networks, Inc. (NASDAQ: ZSTN) are all on deck this week.
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Posted on: October 20, 2009 – 2:32 pm in Food, IPOs, Medical, Technology Companies, , ,

Chipotle Goes Partly Solar (CMG)

Chipotle LogoChipotle Mexican Grill (NYSE: CMG) is trying the solar gimmick, yet this is actually just another step on building upon its social already-respectable image.  This morning the company announced that it is partnering with Houston-based Standard Renewable Energy to install solar panels on about 75 Chipotle restaurants over the next year that will ultimately produce 500 kilowatt hours of electricity.  Chipotle claims that this will make it the largest direct producer of solar energy in the restaurant sector.
Read More »

Posted on: October 20, 2009 – 9:49 am in Alternative Energy, Food, Green Biz, Retail,

52-Week High Club

Conseco Inc (NYSE: CNO) rallied 30% to a yearly high of $6.50 on news that Paulson & Co. had taken a large stake in the company as well as on news that the company had entered into an agreement to sell roughly $293 million in convertible notes.  

J P Morgan Chase & Co. (NYSE: JPM) rose to a yearly high of $47.47 reporting strong earnings results.

Anheuser-Busch InBev SA (NYSE: BUD) rose over 4% to a yearly high of $49.91 on news that the company had successfully sold $5.5 billion in debt.

Siemans AG (NYSE: SI) rose over 5% to a yearly high of $103.08 after the company announced outsourcing contracts with University of Pennsylvania Health System, Ernst Klett AG, and Ziggo in the Netherlands.

Garrett W. McIntyre

Posted on: October 14, 2009 – 4:23 pm in Banking, Earnings, Financial Stocks, Food, Telecom, , , ,

Starbucks (SBUX) Begins To Thrash McDonald’s (MCD) In Coffee Wars

bucksMcDonald’s (NYSE:MCD) was supposed to crush Starbucks (NASDAQ:SBUX) in the premium coffee business when the world’s largest restaurant chain introduced a line of premium java more than a year ago.

It turns out that McDonald’s impressive start as competition to Starbucks, Dunkin’ Donuts, and other specialty coffee retailers has begun to flag.

New research shows the momentum in terms of store traffic patterns has turned in Starbucks’ direction and it is likely that the trend will continue. Read More »

Posted on: October 14, 2009 – 2:15 pm in Food, Research, Restatements, Retail, , , ,

Dole Sets IPO Terms (DOLE)

Dole LogoDOLE FOOD COMPANY, INC. has set the terms for its IPO, which is a Re-IPO after going private back in 2003.  The offering is expected to raise close to $575 million, up from $500 million originally forecast.  The company plans to sell 35.7 million shares in an expected price range of $13.00 to $15.00 per share.  Dole will trade on the NYSE but it will have a four-letter ticker of “DOLE.”
Read More »

Posted on: October 12, 2009 – 8:26 am in Food, IPOs,

52-Week High Club

American Eagle Outfiters Inc. (NYSE: AEO) hit a yearly high of $18.08 after the clothing vendor announced that it had raised its 3Q09 EPS estimate to $0.24-$0.26 from $0.22-$0.25.  

Anheuser-Busch InBev SA (NYSE: BUD) hit a yearly high of $48.19 after yesterday’s announcement that the company would be setting its theme park business to private equity firm Blackstone Group for $2.7 billion.

Colgate-Palmolive Company (NYSE: CL) hit a yearly high of $79.03 after the company declared a quarterly cash dividend of $0.44 per common share, payable on the 13th of November to all those in possession of the shares as of October 26th.

3Com Corporation (NASDAQ: COMS) hit s yearly high of %5.54 after yesterday’s annoumcement that the company had entered into contracts with the Republic of Korea Army and Republic of Korea Air Force to upgrade their local area networks.

Garrett W. McIntyre

Posted on: October 8, 2009 – 4:37 pm in ADR, Dividend, Food, Mergers and Buy Outs, Private Equity, Retail, Technology, , , ,

Investor Taste Challenge: Pepsi vs. Coke (PEP, KO, PBG, PAS)

Pepsi LogoCoke LogoPepsiCo Inc. (NYSE: PEP) is trading down after the company’s quarterly earnings report from this morning.  PepsiCo’s earnings were $1.08 EPS on a 1.5% drop in revenues to $11.08 billion, versus Thomson Reuters estimates of $1.03 EPS and $11.25 billion in revenues.  Pepsi did manage to beat estimates, but the amount of the beat appears to be the result of a lower effective tax rate and on some of the cost cutting measures as we have seen at so many firms.  The strength of PepsiCo’s snack food unit could actually highlight a potential weakness at Coca-Cola.  What is interesting is that rival The Coca-Cola Company (NYSE: KO) is down a fraction of what has been in seen in PepsiCo shares.
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Posted on: October 8, 2009 – 2:29 pm in Earnings, Food, , , ,

Yum! Bottom Line Overcomes Other Issues (YUM)

Yum LogoYum! Brands, Inc. (NYSE: YUM) is out with earnings that look outstanding. The owner of KFC, Taco Bell, and Pizza Hut posted $0.70 EPS and $2.78 billion in revenues.  Thomson Reuters had estimates pegged at $0.58 EPS on $2.79 billion in revenues.  Yum! also has raised its full 2009 EPS guidance from $2.10 to $2.14 per share to reflect 12% growth before special items.  The company maintains that this is on performance in China and a lower-than-expected full year effective tax rate.  The good news is the bottom-line, but there are still some metrics that might not be viewed too favorably right on the surface.
Read More »

Posted on: October 6, 2009 – 4:22 pm in Earnings, Food, Retail,

52-Week High Club

Apache Corporation (NYSE: APA) rallied over 4% to a yearly high of $97.36 following news that it had gained government approval on contracts to supply 50 million cubic feet of natural gas per day in Argentina.

The Coca-Cola Corporation (NYSE: KO) hit a yearly high of $54.33 following reports that Pepsi had beat earnings estimates.  Coca-Cola reports on October 20th.

Gammon Gold Inc. (NYSE: GRS)  hit a yearly high of $10.24 after the company announced that it expected to be within its guidance range for FY09.

Tiffany & Co. (NYSE: TIF) hit a yearly high of $40.96 after Citigroup analysts recommended that investors buy shares in the company, setting a price target of $50.

Garrett W. McIntyre

Posted on: October 6, 2009 – 4:09 pm in Food, Luxury, Oil & Gas

Nutrisystem Scores Wal-Mart Intro (NTRI, WMT)

Nutrisystem, Inc. (NASDAQ: NTRI) has just announced that has aligned with Wal-Mart Stores Inc. (NYSE: WMT) to allow customers to purchase a Nutrisystem 14-Day Starter Program for the first time in the retail channel.  This will begin rolling out nationwide at more than 3,200 Wal-Mart locations in the first week of October and will also be available on the Walmart.com website.  There is a catch to this deal, but so far we are seeing a very positive reaction in Nutrisystem’s shares.
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Posted on: October 5, 2009 – 5:01 pm in Food, Retail, ,

The Unusual Suspects (AA, MOS, YUM, CVC, CIT, LOCM, RVSN, WFC)

bull-and-bear-image2It is the weekend and that means a review of last week’s unusual suspects and a review for key stocks in the week ahead.  Technically earnings season gets its first earnings report from a DJIA component in ACLOA Inc. (NYSE: AA) this week, as well as earnings from The Mosaic Company (NYSE: MOS) and from Yum! Brands, Inc. (NYSE: YUM).  Other key stocks to watch will be Cablevision Systems Corporation (NYSE: CVC), CIT Group, Inc. (NYSE: CIT) on the ropes, the real or unreal takeover chances for Local.com Corp. (NASDAQ: LOCM), and the unusual trading in Radvision Ltd. (NASDAQ: RVSN) and Wells Fargo & Company (NYSE: WFC).  We have provided more detailed information and analysis on each story below.
Read More »

Posted on: October 4, 2009 – 10:34 am in Agriculture, Banking, Buffett, Cable Companies, Calendar, Commodities, Dividend, Earnings, Editor's Picks, Food, Internet, Mergers and Buy Outs, Options, Private Equity, Rumors, The Week, Trading Alert, , , , , , , ,