Posts for Ticker ‘MJN’

Bristol-Myers Cleans Up on Mead Johnson (BMY, MJN)

Money ImageBristol-Myers Squibb Company (NYSE: BMY) is going to completely separate itself from its holdings in Mead Johnson Nutrition Company (NYSE: MJN).  The company expects that the split-off will be a tax-advantaged way to divest these holdings and is expected to be net cash flow positive to the BioPharma business and is expected to be accretive to earnings per share beginning in 2010.  Mead Johnson has had one unbelievable year.  This came public in February and traded as low as $25.72 after the IPO.  Shares closed at $45.25 on Friday.
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Posted on: November 16, 2009 – 9:29 am in Drug companies, Healthcare, IPOs, Mergers and Buy Outs, ,

52-Week High Club

Chipotle Mexican Grill (NYSE: CMG) hit a yearly high of $97.33 as options traders place bets in anticipation of positive earnings.

Dr Pepper Snapple Group (NYSE: DPS) hit a yearly high of $28.58 as Citigroup gives the company a buy rating in anticipation of the declaration of a dividend or stock buy backs in 2010.

Mead Johnson Nutrition Company (NYSE: MJN) hit a yearly high of $43.68 as rumors of a takeover circulated.  The shares promptly dropped as the rumored purchaser, Danone SA, denied the reports.

Thor Industries (NYSE: THO) hit a yearly high of $30.64 as it reported that its 4Q profits had quadrupled.  

Valassis Communications (NYSE: VCI) hit a yearly high of $25.25, boosted by positive news coming out of Gannett.

Walgreen Company (NYSE: WAG) hit a yearly high of $37.53 after the company’s earnings beat analysts estimates.

Garrett W. McIntyre

Posted on: September 29, 2009 – 4:12 pm in Analyst Calls, Dividend, Food, Media, Mergers and Buy Outs, Stock Buybacks, Transports, , , , , ,

Russell Rebalance Including & Excluding Key IPO’s (BPI, DGI, OPEN, RST, RHIE, SWI, CYOU, LOPE, MJN, RAX)

money-stack-imageWe will have some changes or further additions and deletions coming today from Russell for the highly awaited Russell rebalance and reconstitution taking place late this month.  What is interesting about the group’s additions and deletions is that there are many of the hot (and not so hot) companies which came public via an IPO that are in the Russell index changes.

Bridgepoint Education Inc. (NYSE: BPI) is being added to Russell 3000 and to the Russell Global.  DigitalGlobal Inc. (NYSE: DGI) is actually trading as a busted IPO and it is being added to Russell 3000 and to the Russell Global.  OpenTable (NASDAQ: OPEN) is being added to Russell 3000 and to the Russell Global.  Rosetta Stone Inc. (NYSE: RST) is being added to Russell 3000 and to the Russell Global.  RHI Entertainment (NASDAQ: RHIE) was a distant IPO but it is being added to Russell 3000 and to the Russell Global.  SolarWinds Inc. (NYSE: SWI) is a very fresh IPO and is being added to Russell 3000 and to the Russell Global.  There is also a list of other key IPOs which were not included for certain issues.
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Posted on: June 19, 2009 – 8:35 am in IPOs, Index, , , , , , , , , ,

2009 IPO Scorecard, Up 27% On Average (CYOU, RST, MJN, DGI, BPI)

Money Stack ImageWe have been keeping track of the 2009 IPOs that made it to market, and while one is barely broken, a portfolio of the IPOs from the pricing level gives a solid performance that might allow more and more IPOs to come to market.  For the 2009 IPOs we have only Changyou.com Limited (NASDAQ: CYOU), Rosetta Stone Inc. (NYSE: RST), Mead Johnson Nutrition Co. (NYSE: MJN), DigitalGlobal Inc. (NYSE: DGI), and Bridgepoint Education Inc. (NYSE: BPI).
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Posted on: May 18, 2009 – 1:54 pm in IPOs, Trading Alert, , , , ,

Rally & IPO Reception Could Heat IPO Market Again (CYOU, SOHU, MJN, BMY, LOPE)

money-stack-image4It has been no secret that the market for initial public offerings has been one of the biggest ghost towns in the financial markets.  The secondary markets and the bond markets are opening up capital to companies, even if it comes at historically expensive prices.  But still, IPO’s have been dead.  Based upon the recent move of Changyou.com (NASDAQ: CYOU) and Mead Johnson Nutrition Company (NYSE: MJN) and upon a few other factors like a nearly 25% rise from March lows, there could be some hope that the U.S. IPO market will start to open back up.
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Posted on: April 2, 2009 – 4:01 pm in IPOs, , , , ,

Despite Two Winners, IPO Market Getting Much Colder (MJN, LOPE)

The IPO market could optimistically be called “Dwindling.” It seems that the trend for withdrawn IPO’s is trumping new filings as the norm rather than actual deals making it to market.  We have only had two real IPOs since last summer, but both performed well since coming on the market.  It makes one wonder if firms have a good defensive model that can hold up if they should bite the bullet and  price their deals.  Today’s market caution has dried up the demand for just about all new issues.
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Posted on: February 20, 2009 – 9:22 am in IPOs, ,

Imagine That: An IPO Coming This Week (BMY, MJN)

money-stack-picIf you can believe it, there is an initial public offering on deck this week. Bristol-Myers Squibb Co. (NYSE: BMY) is set to partially spin off Mead Johnson Nutrition (NYSE: MJN). It looks like it is actually going to come to market as many have hoped.
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Posted on: February 9, 2009 – 9:36 pm in Consumer Goods, Cramer, Drug companies, IPOs, Medical, , , , , , , , ,