24/7 Wall St. » MRGE

Merge Healthcare Files To Raise Capital, and to Sell for Holders (MRGE)

Administrator — Mon, 07 Nov 2011 14:02:28 +0000

Merge Healthcare Incorporated (NASDAQ: MRGE) had already released data last week that it was conducting a note exchange offering after it had shown a loss after items. A filing was put in on Friday evening showing that the company is ready to raise capital and may sell shares for a holder.

The shelf registration is for up to $150 million in any combination of the following securities sales: debt, common stock, preferred stock, warrants, depositary shares, stock purchase contracts, and stock purchase units.

More importantly, Merge also noted that holders may offer and sell up to 10,500,000 shares of common stock from time to time under the prospectus, Merge will receive no proceeds by the selling holders.

The full S-3 filing is here. Merge closed at $6.66 on Friday against a 52-week range of $3.11 to $7.23, and its market cap is only $597 million.

JON C. OGG

Filed under: Secondary Offering Tagged: MRGE

Top Analyst Upgrades & Downgrades (ATVI, BEAV, CF, DDS, DNKN, ERTS, LDK, MRGE, NOV, PHM, SODA, TEA, X, WAIR)

Administrator — Tue, 06 Sep 2011 12:15:57 +0000

These are some of this Tuesday’s top analyst upgrades, downgrades, and initiations seen having an impact from Wall Street research calls.

Activision Blizzard, Inc. (NASDAQ: ATVI) Started as Buy at Citigroup.
BE Aerospace Inc. (NASDAQ: BEAV) Started as Buy at BofA/ML.
CF Industries Holdings, Inc. (NYSE: CF) Raised to Outperform as Bull of the Day at Zacks.
Dillard’s Inc. (NYSE: DDS) called Value Stock of the Day at Zacks.
Dunkin’ Brands Group (NASDAQ: DNKN) Started as Equal-Weight at Morgan Stanley; Started as Market Perform at Wells Fargo; Started as Overweight at JPMorgan; Started as Neutral at BofA/ML.
Electronic Arts Inc. (NASDAQ: ERTS) Raised to Hold at Citigroup.
LDK Solar Co., Ltd. (NYSE: LDK) Cut to Sell at Argus.
Merge Healthcare (NASDAQ: MRGE) named as Bear of the Day at Zacks.
National Oilwell Varco (NYSE: NOV) Raised to Buy at Argus.
PulteGroup, Inc. (NYSE: PHM) maintained Buy but removed from Conviction Buy List at Goldman Sachs.
SodaStream International Ltd. (NASDAQ: SODA) Raised to Overweight at JPMorgan.
Teavana Holdings, Inc. (NYSE: TEA) started as Outperform at William Blair; Started as Neutral at BofA/ML.
United States Steel Corp. (NYSE: X) Raised to Buy at Citigroup.
Wesco Aircraft Holdings, Inc. C (NYSE: WAIR) Started as Buy at BofA/ML.

JON C. OGG

Filed under: Analyst Calls Tagged: ATVI, BEAV, CF, DDS, DNKN, ERTS, LDK, MRGE, NOV, PHM, SODA, TEA, WAIR, X

Top Analyst Upgrades & Downgrades (AMZN, ADSK, ASTE, BIDU, BLK, CIM, MRGE, PBY, RHI, RY, SKS, UTI, Z)

Administrator — Mon, 29 Aug 2011 12:20:37 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning.

Amazon.com Inc. (NASDAQ: AMZN) Maintained Buy with $255 target at BofA/ML.
Autodesk Inc. (NASDAQ: ADSK) Reiterated Hold at Argus.
Astec Industries, Inc. (NASDAQ: ASTE) named Value stock of the day at Zacks.
Baidu, Inc. (NASDAQ: BIDU) Raised to Neutral at Credit Suisse.
BlackRock, Inc. (NYSE: BLK) Reinstated as Buy with $216 price target at BofA/ML.
Chimera Investment Corporation (NYSE: CIM) lowered target to $3.15 at BofA/ML.
Merge Healthcare (NASDAQ: MRGE) named Bear of the Day at Zacks.
Pep Boys-Manny, Moe & Jack Inc. (NYSE: PBY) Maintained Buy but cut target to $13 at Argus.
Robert Half International Inc. (NYSE: RHI) Cut to Hold at Citigroup.
Royal Bank of Canada (NYSE: RY) Cut to Neutral at BofA/ML.
Saks, Inc. (NYSE: SKS) named as Bull of the Day at Zacks.
Skullcandy Inc. (NASDAQ: SKUL) Started as Buy with $22 target at BofA/ML; Started as BUy at KeyBanc.
Universal Technical Institute Inc. (NYSE: UTI) Reiterated Buy and $20 target at Argus.
Zillow, Inc. (NASDAQ: Z) Started as Buy at Citigroup.

JON C. OGG

Filed under: Analyst Calls Tagged: ADSK, AMZN, ASTE, BIDU, BLK, CIM, MRGE, PBY, RHI, RY, SKS, UTI, Z

Top Analyst Upgrades & Downgrades (ACOR, BP, ED, FICO, BEN, GPS, IRBT, KMP, LDK, LTD, ERIC, MXIM, MRGE, MOS, OVTI, PNK)

Administrator — Mon, 23 May 2011 12:22:30 +0000

These are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Monday morning.

Acorda Therapeutics, Inc. (NASDAQ: ACOR) Raised to Neutral at Piper Jaffray.
BP plc (NYSE: BP) Raised to Buy at Soc-Gen.
Consolidated Edison Inc. (NYSE: ED) Cut to Underperform at BofA/ML.
Fair Isaac Corp. (NYSE: FICO) Raised to Hold at Argus.
Franklin Resources, Inc. (NYSE: BEN) Maintained Outperform as Bull of the Day at Zacks.
Gap Inc. (NYSE: GPS) Raised to Hold at Deutsche Bank.
iRobot Corporation (NASDAQ: IRBT) Raised to Overweight at JPMorgan.
Kinder Morgan Energy Partners LP (NYSE: KMP) Started as Buy at Janney Capital.
LDK Solar Co. Inc. (NYSE: LDK) Cut to Hold at Argus.
Limited Brands, Inc. (NYSE: LTD) Raised to Neutral at Goldman Sachs; Reiterated Buy at Argus.
LM Ericsson Telephone Co. (NASDAQ: ERIC) Cut to Underperform at BofA/ML.
Maxim Integrated Products Inc. (NASDAQ: MXIM) Raised to Neutral at Goldman Sachs.
Merge Healthcare (NASDAQ: MRGE) Cut to Underperform as Bear of the Day at Zacks.
Mosaic Co. (NYSE: MOS) Raised to Overweight at JPMorgan; Raised to Buy at Stifel Nicolaus.
OmniVision Technologies Inc. (NASDAQ: OVTI) Reiterated Buy with $45 target at Gleacher & Co.
Pinnacle Entertainment (NYSE: PNK) Raised to Outperform at Credit Suisse.

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JON C. OGG

Filed under: Analyst Calls Tagged: ACOR, BEN, BP, ED, ERIC, FICO, GPS, IRBT, KMP, LDK, LTD, MOS, MRGE, MXIM, OVTI, PNK

The 52-Week Low Club

247wallst — Wed, 31 Oct 2007 15:03:08 +0000

Fremont General (FMT) Mortgage company talks with investor fall apart. Stock drops to $2.74 from 52-week high of $17.30.

Watts Industries (WTS) Downgraded after poor earnings. Falls to $27.91 from 52-week high of $46.71.

Time Warner Cable (TWC) Cable loses exclusive franchise in apartment complexes. Drops to $27.55 from 52-week high of $44.

Merge Technologies (MRGE) Company says it will restate some earlier financial results. Shares drop to $1.84 from 52-week high of $8.16.

Lca-Vision (LCAV) Two downgrades on poor earnings outlook. Falls to $16.90 from 52-week high of $50.69.

Douglas A. McIntyre