Month: August 2011

Mergers & Acquisitions

Equinox to Acquire the Assets of The Sports Club Company

August 4, 2011 0

Equinox to Acquire the Assets of The Sports Club Company Upscale Fitness and Lifestyle Leader Plans to Obtain Four Prestigious Properties in Los Angeles and New York City PR Newswire NEW YORK, Aug. 4, 2011 NEW YORK , Aug. 4, 2011 /PRNewswire/ — Today, Equinox and The Sports Club Company, each a brand leader in the fitness and healthy lifestyle categories, have announced that Equinox plans to acquire the assets of The Sports Club Company and its four trophy The Sports Club/LA properties located in Los Angeles , Beverly Hills , Orange County and New York’s Rockefeller Center […]

Mergers & Acquisitions

Grey Group Agrees to Acquire Majority Stake in Campaigns & Grey in the Philippines

August 4, 2011 0

Grey Group Agrees to Acquire Majority Stake in Campaigns & Grey in the Philippines Additional investment builds on Grey Group’s growth strategy and propels Campaigns & Grey forward in fast-growing Philippine market PR Newswire SINGAPORE, Aug. 4, 2011 SINGAPORE , Aug. 4, 2011 /PRNewswire/ — Grey, the global advertising network of Grey Group, today announced that it has agreed to a majority-stake acquisition in Campaigns & Grey, one of the Philippines ‘ leading communications companies […]

Momentum Stocks

Skechers U.S.A. (SKX) – Bear of the Day (SKX)

August 4, 2011 0

Skechers USA ( SKX ) posted disappointing second-quarter 2011 results. Weak top-line performance coupled with the company's aggressive inventory offloading and reserve for additional product, weighed upon its bottom-line results. The company sold 2 million pairs of Shape-ups for a loss of $21 million to right-size its inventory, and registered a $4.4 million reserve for additional products […]

Momentum Stocks

Whole Foods Market (WFM) – Bull of the Day (WFMI)

August 4, 2011 0

Whole Foods Market's ( WFM ) third-quarter 2011 earnings of $0.50 per share beat the Zacks Consensus Estimate of $0.48, and rose 31.6% from the prior-year quarter on the heels of strong sales as shoppers flocked the grocery chain for natural and organic products. The company is revamping its pricing strategy and concentrating more on value offerings, while maintaining healthy margins. Cost containment efforts, effective inventory management, and improved store-level performance are driving earnings growth. […]

Momentum Stocks

Sturm, Ruger & Co – Momentum (RGR)

August 4, 2011 0

Sturm, Ruger & Co ( RGR ) is having an awesome 2011, recently surging into a new all-time high after reporting an impressive Q2 earnings surprise of 33%. With an average earnings surprise of 17% over the last four quarters and estimates on the rise, this Zacks #1 Rank stock has its sight set on momentum. Company Description Sturm, Ruger & Co, Inc. […]