Gap, Inc. (GPS)

We maintain our Outperform recommendation on <b>Gap, Inc.</b> (<a href=http://www.zacks.com/stock/quote/gps>GPS</a>) as we anticipate it to perform well above the market. Gap is the leading player in the highly fragmented specialty retail sector, and has a market cap which is more than double its nearest competitor. <p> The company has improved its business model by realigning its inventory to sales trends. In addition, the company has a strong balance sheet with adequate liquidity and no outstanding debt. Gap has also been active on the share buyback front and has been paying a steady dividend. <p> However, macroeconomic headwinds may continue to affect the U.S. discretionary spending environment and limit the above-market performance of the company.
March 30, 2010 | Filed Under Stock Picks | Leave a Comment 

BRE Properties, Inc. (BRE)

Our long-term recommendation for <b>BRE Properties</b> (<a href=http://www.zacks.com/stock/quote/bre>BRE</a>) is Underperform as we anticipate it to perform well below the broader market. We expect continued volatility in the multifamily sector with increasing job cuts and decline in the market fundamentals. <p> BRE Properties also has exposure to some weakening multifamily markets, notably, The Inland Empire, Los Angeles, and Orange County. However, home values in most of BRE Properties markets are still among the highest in the country and the rent-to-own gap remains high. <p> The company also maintains strong occupancy levels and high operating margins. If the company can weather the current storm, it may expect a reversal of fortunes. However, our target price of $32.00 at 16.4X 2010 FFO/Share factors in the view that BRE will perform well below the broader market.
March 30, 2010 | Filed Under Stocks to Sell | Leave a Comment 

John Murphy: APPLYING PERCENTAGE BOX SIZES TO POINT & FIGURE CHARTS ON THE DOLLAR, COMMMODITIES, AND BOND ETFS

My recent point & figure articles have been limited to stock indexes and traditional box sizes. Some readers have asked about the use of "percentage" box sizes. I find percentage box sizes very...
March 30, 2010 | Filed Under Analyst Opinions | Leave a Comment 

Xemex Holdings Corp. Completes Merger With Envirokare Tech, Inc. and Announces Name Change and Reverse Stock Split

BROOKLYN, NY--(Marketwire - March 30, 2010) -  Envirokare Tech, Inc. (PINKSHEETS: ENVK) (the "Company"), announced that it has started the process to change its name to Xemex Group, Inc. to better reflect its new business model. Earlier this month, the Company acquired Xemex Holdings Corp. ("Xemex"), a commercial real estate management and development company headquartered in Brooklyn, New York.

March 30, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

PlanGraphics, d/b/a Integrated Freight Corporation Signs Letter of Intent to Acquire M. Bruenger Trucking Co., Inc.

LUTZ, FL--(Marketwire - March 30, 2010) -   PlanGraphics, d/b/a Integrated Freight Corporation (OTCBB: PGRA) (www.integrated-freight.com) announced today that it has signed a Letter Of Intent to acquire M. Bruenger Trucking Co., Inc. of Wichita, Kansas. The acquisition is subject to due diligence and other conditions.

March 30, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

Intersil Corporation Commences Tender Offer for Acquisition of Techwell, Inc.

MILPITAS, CA--(Marketwire - March 30, 2010) -

March 30, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

Danfoss A/S and Danfoss Acquisition, Inc. Announce Availability of Amended Tender Offer Materials

NEW YORK, NY--(Marketwire - March 30, 2010) - Danfoss A/S ("Danfoss") and Danfoss Acquisition, Inc. (the "Purchaser") announced today that they have amended their tender offer materials filed with the Securities and Exchange Commission (the "SEC") for the cash tender offer (the "Offer") for all of the outstanding shares of common stock of Sauer-Danfoss Inc. ("Sauer-Danfoss") (NYSE: SHS) not already owned by Danfoss and its subsidiaries for $13.25 per share. The amendment was made in response to comments received from the SEC during its review process with the primary purpose of providing additional disclosure about, among other things, financial information of Sauer-Danfoss Inc., including the following balance sheet data and ratio of earnings to fixed charges of Sauer-Danfoss for the last two fiscal years:

March 30, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

RTGV Signs Contract to Acquire Digital Clarity

NEW YORK, NY--(Marketwire - March 30, 2010) -  RTGV (OTCBB: RTGV): RTGV has announced that the contract to complete the acquisition of digital marketing agency, Digital Clarity, was signed by both parties on 26th March 2010. The contract has now been filed with RTGV lawyers pending the share exchange on March 31st which will see RTGV launch its new business model.

March 30, 2010 | Filed Under Mergers and Acquisitions | Leave a Comment 

DeVry, Inc. (DV)

<b>DeVry, Inc.</b> (<a href=http://www.zacks.com/stock/quote/dv>DV</a>) is a leading provider of post secondary education in North America and commands a strong portfolio of well-established brands. Moreover, DeVry is also taking initiatives to diversify revenue streams and optimize its real estate strategy, which augurs well for future operating performance. <p> Furthermore, the company has a consistent track record of returning cash to shareholders in the form dividends and share buybacks. <p> Our long-term recommendation on DeVry is Outperform as we anticipate it to perform well above the broader market. Our target price of $70.00, 19.6X 2010 EPS, reflects this view.
March 30, 2010 | Filed Under Stock Picks | Leave a Comment 

Hibbett Sports, Inc. (HIBB)

We maintain our Outperform recommendation on <b>Hibbett Sports</b> (<a href=http://www.zacks.com/stock/quote/hibb>HIBB</a>) as we anticipate it to perform well above the market. Its sharp focus towards mid-sized and smaller markets and a strategic mix of branded as well as localized merchandise provide an edge over its rivals in a highly competitive specialty retail industry. <p> Hibbett&#39;s management is also committed towards expanding its store network in fiscal 2011. Moreover, the company&#39;s debt-free balance sheet and full availability under credit facilities bode well for future operating performance. <p> While macroeconomic headwinds may continue to affect the U.S. discretionary spending environment and limit the above-market performance of the company, our long-term Outperform recommendation on the stock indicates that it would perform well above the market. Our target price of $30.00, 23.3X 2011 EPS, reflects this view.
March 29, 2010 | Filed Under Stock Picks | Leave a Comment 

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