New Study Hammer Johnson & Johnson Stents
Johnson & Johnson’s (JNJ) new drug coated stent did not cut it. The experimental drug-coated stent failed to meet its primary goal in a study, according to Reuters. "The CoStar stent is one of…
All Work
Douglas A. McIntyre
BEA Systems Gets Armor Holdings, Cheap
Armor Holdings (AH) which makes tactical wheeled vehicles, security products and vehicle armor systems serving military, law enforcement, and homeland security markets is being bought by BEA Systems for $88 a share, or $4.1…
Shutterfly Signs Target as Distributor (SFLY, EK)
Shutterfly (SFLY-NASDAQ) has scored a digital photo pact with Target (TGT), where Target customers will be able to use the Shutterfly digital photo storage, printing, and ordering systems. The pact has several offerings, but…
Dell Joins Dying Alliance
Dell (DELL) has hooked up with the Microsoft (MSFT) partnership with Linux software provider Novell (NOVL). The purpose of the original alliance was to marry Microsoft Windows and the competing open source Linux OS…
Morning Research Notes (May 7, 2007)
AMRI raised to Buy at Jefferies.ARUN started as Overweight at Lehman; started as Sector Perform at RBC.CHE raised to Buy at Deutsche Bank.CMOS cut to Neutral at Merriman Curhan Ford.CWT raised to Buy at…
Alcoa Now Going After Alcan in a Takeover (AA, AL)
Alcoa (AA) has offered to buy Alcan (AL) for $73.25 in cash and stock with an actual breakdown of US$58.60 in cash and 0.4108 of a share of Alcoa common stock for each outstanding…
Starbucks: A 40,000 Store Pipe Dream
Starbucks (SBUX) is not going to realize its dream of having 40,000 stores. You read it here first. Starbucks (SBUX) currently has about 14,000 stores, and its same store sales grew at 4% last…
Europe Markets 5/7/2007
Markets in Europe were mixed at 6.30 AM New York time The FTSE was closed for a holiday. The DAXX rose .1% to 7,522. DaimlerChrysler (DCX) fell .8% to 60.62. DeutscheBank (DB) was up…
Yahoo!’s Alternative: Acquire Companies Like Mad
Based on media reports, Yahoo! (YHOO) has decided not to pursue talks about being acquired by Microsoft (MSFT), even though the premium could be in the $34 range (or more). Yahoo has been trading…
Media Digest 5/7/2007 Reuters, WSJ, NYTimes, FT, Barron’s
According to Reuters, ABN Amro (ABN) got a $24.5 million offer from a group lead by Royal Bank of Scotland. Reuters reports that Goldman Sachs (GS) will buy an asset management firm in South…
Asia Markets 5/7/2007
Markets in Asia were sharply higher. The Nikkei rose 1.6% to 17,670. Canon (CAJ) was up 4.1% to 7090. Honda (HMC) was up 1.7 to 4110. NTT (NTT) was up 3.2% to 619000. Softbank…
The Monday Edition- Beneficiaries of China’s Consumer Spending
By Yaser Anwar, CSC of Equity Investment Ideas
The Week Ahead (6 May 2007)
By William Trent, CFA of Stock Market Beat
Microsoft and Yahoo! Have Little to Lose in Tying the Knot
From Chad Brand of Peridot Capitalist
Gordon Gekko Coming Back?
From Chad Brand of Peridot Capitalist The movie Wall Street starring Michael Douglas as a greedy corporate raider in the 1980’s is a classic and although two decades old, it appears the film will…
Warren Buffett: Buy Low-Cost Index Funds
From Investment Intelligencer
IBM: 100,000 Lay-Offs?
The Inquirer and a columnist at PBS are reporting that IBM (IBM) may be plannning to lay off as many as 100,000 to 150,000 members of its US workforce. The reason would be that…
Why go to Whole Foods? (WFMI)
Here is an equation that does not work for me. Paying 32 times earnings for a company who, if it hits the high end of analyst estimates, will grow 9.4% this year and maybe…
Is The Bidding For Chrysler Over?
Germany’s Automobilwoche reports that the bidding for Chrysler is all but over as the only serious interest comes from Magna International (MGA), the Canadian-based auto parts company. It is unknown what Magna might pay…
Spider-Man 3 has got me thinking Marvel (MVL) and Bennifer
This weekend one of the biggest movies of 2007 hits theatres. Get ready for Spider-Man 3 with a budget of $258 million, according to Columbia — or upward of $350 million. Spider-Man 3 already…