MERIDIAN, ID--(Marketwire - February 8, 2010) - MWI Veterinary Supply, Inc. ("MWI") (NASDAQ: MWIV) announced today that it has acquired Centaur Services Limited
("Centaur"), a supplier of animal health products and services to
veterinarians in the United Kingdom. The transaction is valued at
approximately $47 million, consisting of $45 million in cash and $2 million
in a note payable in one year. This acquisition provides an opportunity
for MWI to participate in the international market and expand its role in
the animal health industry.
WOBURN, MA--(Marketwire - February 8, 2010) - Magnolia Solar Corporation (OTCBB: MGLT) (OTCBB: MBSV), a developer of nanostructure-based thin film, high efficiency solar
cells, announced the completion of a merger transaction and the
commencement of its stock trading under the symbol "MGLT" on the OTC
Bulletin Board on Monday, February 8, 2010. In connection with the merger,
Magnolia Solar acquired 100% of the issued and outstanding capital of
Magnolia Solar, Inc. through the sale of original issue discount secured
convertible debentures and warrants.
BEAVERTON, OR--(Marketwire - February 8, 2010) - Merix Corporation (NASDAQ: MERX) is pleased
to announce that its shareholders voted today to approve the
previously-announced merger of Merix and Viasystems Group, Inc. After
completion of the merger, Merix will become a wholly-owned subsidiary of
Viasystems. The merger remains subject to customary closing conditions and
is expected to close in the next few days.
AMSTERDAM, NETHERLANDS--(Marketwire - February 8, 2010) - Ahold today announced that
Giant-Carlisle, a
Division of Ahold USA, has successfully completed the acquisition of 25
stores
from Ukrop's Super Markets, Inc. This follows the agreement announced by
Ahold
in its press release issued on December 17, 2009.
<b>Newell Rubbermaid's</b> (<a href=http://www.zacks.com/stock/quote/nwl>NWL</a>) susceptibility to the global economic downturn is adversely affecting its top-line growth. The company recorded a 14% decline in net sales during 2009 amid a drastic squeeze in consumer disposable income and corporate spending.
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Moreover, intense competition from other established manufacturers, coupled with a debt-heavy balance sheet and exposure to adverse foreign currency translations, severely undermine the company's future growth prospects and profitability.
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Consequently, our recommendation for Newell Rubbermaid is Underperform as we anticipate it to perform well below the broader market.
February 8, 2010 | Filed Under
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<b>RightNow Technologies</b> (<a href=http://www.zacks.com/stock/quote/rnow>RNOW</a>) is a leading provider of on-demand customer relationship management (CRM) software solutions designed to optimize customer service operations for businesses of all sizes.
<p>
Competition continues to increase with Oracle and SAP moving aggressively into the on-demand
customer relationship management market. However, RightNow management also continues to expand the company's product reach. We also expect margins to improve along with the growth of top line.
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Demand for the company's products remains strong despite the discontinuation of recurring revenues. Our long-term recommendation for RightNow is OUTPERFORM.
February 8, 2010 | Filed Under
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<b>RightNow Technologies</b> (<a href=http://www.zacks.com/stock/quote/rnow>RNOW</a>) is a leading provider of on-demand customer relationship management (CRM) software solutions designed to optimize customer service operations for businesses of all sizes.
<p>
Competition continues to increase with Oracle and SAP moving aggressively into the on-demand
customer relationship management market. However, RightNow management also continues to expand the
company's product reach. We also expect margins to improve along with the growth of top line.
Demand for the company's products remains strong despite the discontinuation of recurring revenues. Our long-term recommendation for RightNow is OUTPERFORM.
February 8, 2010 | Filed Under
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<b>Emergency Medical Services'</b> (<a href=http://www.zacks.com/stock/quote/ems>EMS</a>) third quarter earnings per share came in at $0.66, surpassing the Zacks Consensus Estimate of $0.60 but flat with the year-ago period.
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The company has performed well in both its segments, AMR and EmCare. We expect the growth momentum
to continue with increased volume from new contracts, suitable acquisitions, better penetration in existing markets and operational efficiencies.
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We believe the industry dynamics are currently quite favorable for the company since the outsourcing of emergency services is increasingly encouraged by government agencies and healthcare facilities, allowing them to reduce costs without compromising on quality. Given these factors, we upgrade the stock to Outperform.
February 8, 2010 | Filed Under
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<b>Gilead Sciences</b> (<a href=http://www.zacks.com/stock/quote/gild>GILD</a>) reported another strong quarter with earnings per share coming in at $0.90, well above the Zacks Consensus Estimate of $0.82 and the year-ago quarter's earnings of $0.59. For the full year, the company reported a 31% growth in revenues.
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We remain optimistic about growth of HIV/AIDS franchise drugs Truvada and Atripla. Earnings over the past few quarters have consistently been above expectations, specifically on strong sales of the HIV franchise products.
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Meanwhile, the worldwide panic regarding swine-flu boosted the reported quarter's royalty income, a trend we expect to continue, thanks to increased sales of the anti-viral drug Tamiflu. Given these factors, we upgrade the stock to Outperform.
February 8, 2010 | Filed Under
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We are maintaining our Outperform rating on <b>CPFL Energia S.A.</b> (<a href=http://www.zacks.com/stock/quote/cpl>CPL</a>). The company posted in-line results for the third quarter of 2009, despite non-recurring items.
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The company's outlook for the short-to-medium term remains positive, mainly considering the more relaxed monetary policy in Brazil and the growing demand for electricity, even though the company is still contending with a difficult business environment around the world.
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Finally, CPL has a solid dividend payout and its valuation appears to be highly attractive mainly considering the non-cyclical nature of the company.
February 8, 2010 | Filed Under
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