We are initiating coverage of Lion's Gate (<a href=http://www.zacks.com/research/report.php?type=main&t=LGF>LGF</a>) with a Buy rating.
With a strong track record of producing critically acclaimed small and mid-budget specialty films, we think Lion s Gate is well positioned to increase market share as the big studios continue to
shrink production of specialty films. Further Lion's Gate's large film library should, in our view, spur
renewed growth in home entertainment revenue in 2H FY10 as consumer adoption of the Blu Ray format accelerates.
Although in the coming months we expect the economy and film slate timing to weigh on revenues and EBITDA in all segments, we think the current stock price undervalues LGF s film
library, which ultimately generates 80% of the company's free cash flow.
December 31, 2008 | Filed Under Stock Picks
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MRI Centers Are Located in Texas and Pennsylvania
For the next 6 months, stocks in the coal industry will most likely meander around current levels.
December 31, 2008 | Filed Under Analyst Opinions
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OKLAHOMA CITY, OK--(Marketwire - December 31, 2008) - Dalea Partners, LP ("Dalea") and
Longfellow Energy LP ("Longfellow") announced today that on December 30,
2008, Dalea, Longfellow and Riata TransAtlantic LLC ("Riata TransAtlantic")
acquired an aggregate of 73,965,000 common shares (the "Acquired Shares")
of TransAtlantic Petroleum Corp. ("TransAtlantic") and 10,000,000 warrants,
each of which entitles the holder to acquire one common share of
TransAtlantic at a price of US$3.00 until December 30, 2008. The Acquired
Shares represent approximately 47.7% of the issued and outstanding common
shares of TransAtlantic immediately following the acquisition and before
any exercise of the Acquired Warrants (the "Acquired Warrants").
DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - December 31, 2008) - Kenneth D. Kirk, Regional
President of Brown & Brown, Inc. (NYSE: BRO), David J. Thomsen, Chairman
and Kathleen A. Wittau, President of Baker, Thomsen Associates Insurance
Services, of Newport Beach, California, announce the asset acquisition of
Baker, Thomsen Associates Insurance Services by a subsidiary of Brown &
Baker, Thomsen Associates Insurance Services, with annualized revenues of
approximately $1.4 million, focuses 100% on employee benefits for medium
and large sized businesses in Southern California and throughout the United
States. Kathleen Wittau and Baker, Thomsen's other talented staff will
combine their agency operations with that of Brown & Brown's existing
Orange office, under the leadership of Tim Casey.
DAYTONA BEACH, FL and TAMPA, FL--(Marketwire - December 31, 2008) - Thomas E. Riley, Regional
President of Brown & Brown, Inc. (NYSE: BRO), and John J. "Jack" Gallagher,
Jr. and John F. "Jack" Corbett of Gallagher Associates, Inc., of Blackwood,
New Jersey, announce the asset acquisition of Gallagher Associates, Inc. by
a subsidiary of Brown & Brown, Inc.
Gallagher Associates, with annualized revenues of approximately $2.0
million, focuses on property & casualty for individuals and businesses in
the southern New Jersey, Pennsylvania and Delaware regions. The Gallagher
Associates staff will continue to operate from their existing location in
Blackwood, New Jersey as a freestanding Brown & Brown profit center.
The Acquisition Will Further Expand Univest's Advisory Capabilities by Defining a New, Niche Service -- Municipal Pension Plans
AUBURN, WA--(Marketwire - December 31, 2008) - Zones, Inc. (NASDAQ: ZONS) today announced the
completion of its acquisition by Firoz Lalji, its Chief Executive Officer,
Chairman of the Board and majority shareholder, and certain of his related
parties in a going-private transaction.
Under the terms of the merger agreement for the going-private transaction,
which was adopted by Zones' shareholders at a special meeting held on
December 19, 2008, Zones shareholders (other than Mr. Lalji, certain of his
related parties and dissenting shareholders) are entitled to receive $7.00
in cash, without interest and less any applicable withholding taxes, for
each share of common stock they owned immediately prior to the effective
time of the merger. Zones common stock will be delisted from the NASDAQ
In 2009, it is highly probable that Consumer Staples will underperform once stocks begin to discount the recovery out of the current economic abyss. We still like CL and PG, but not TAP or BUD.
December 30, 2008 | Filed Under Analyst Opinions
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J&J has an enormously diverse revenue stream consisting of market leading products in all three of its business segments. Due to a number of products expected to experience declining sales, revenue growth in the next few years will likely slow relative to 2007. Incremental earnings growth will come in the form of improving margins and share buybacks.
The company's consistency, product diversity and financial stability make it a very attractive holding in this turbulent market. We rate the stock a Buy based on its attractive valuation and strong company fundamentals. Our price target is $72.
December 30, 2008 | Filed Under Stock Picks
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