Month: May 2013

Max Keiser

Keiser Report: Love, Trade, Recession (E451)

May 30, 2013 0

[youtube hOK4EAKb4vI] In this episode of the Keiser Report, Max Keiser and Stacy Herbert observe that spankings are trading at an all time high in London while on international markets, the enduring love for gold sees record volumes of physical metal trading hands. In the second half, Max talks to Mitch Feierstein, author of Planet Ponzi, about VIX volumes surging as old dummies are replaced with new dummies in the global central bank operated ponzi scheme. They discuss the optimism bias that provides a ripe environment into which UK chancellor, George Osborne, can introduce the biggest ponzi of them all with his “Help to Buy” scheme […]

Downgrades

ASHFORD HOSPTLY (AHT) Downgraded by Zacks to UNDERPERFORM

May 30, 2013 0

Zacks Investment Research downgraded shares of ASHFORD HOSPTLY (AHT) from NEUTRAL to UNDERPERFORM on May 30, 2013, with a target price of $12.60. Ashford Hospitality Trust Inc is a self advised Maryland corporation and real estate investment trust organized to pursue opportunities in the lodging industry. […]

Upgrades

GEOPHYSIQUE-ADR (CGG) Upgraded by Zacks to OUTPERFORM

May 30, 2013 0

Zacks Investment Research upgraded shares of GEOPHYSIQUE-ADR (CGG) from NEUTRAL to OUTPERFORM on May 30, 2013, with a target price of $27.60. GEOPHYSIQUE-ADR is a leading provider of geophysical services and products and provides seismic-based reservoir solutions to the oil and gas industry. CGG has increasingly drawn on the synergy between equipment and software technology, on the one hand, and field or processing expertise, on the other, to develop an offering of highly technical products and services which are fully geared to provide solutions where and when they need to be implemented, globally or locally […]

Upgrades

WESTERN GAS PTR (WES) Upgraded by Zacks to NEUTRAL

May 30, 2013 0

Zacks Investment Research upgraded shares of WESTERN GAS PTR (WES) from UNDERPERFORM to NEUTRAL on May 30, 2013, with a target price of $62.00. WESTERN GAS PARTNERS is a growth-oriented Delaware limited partnership formed by Anadarko Petroleum Corporation to own, operate, acquire and develop midstream energy assets. Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day […]

Upgrades

ALPHATEC HLDGS (ATEC) Upgraded by Zacks to NEUTRAL

May 30, 2013 0

Zacks Investment Research upgraded shares of ALPHATEC HLDGS (ATEC) from UNDERPERFORM to NEUTRAL on May 30, 2013, with a target price of $2.00. Alphatec is a medical device company focused on the design, development, manufacturing and marketing of products for the surgical treatment of spine disorders. […]

Mergers & Acquisitions

Crest Financial Urges Clearwire Board to Recommend AGAINST Sprint Merger, Open Competitive Bidding for Clearwire, and Reconstitute Special Committee

May 30, 2013 0

Crest Financial Urges Clearwire Board to Recommend AGAINST Sprint Merger, Open Competitive Bidding for Clearwire, and Reconstitute Special Committee Sends letter to Clearwire Board calling DISH’s offer “clearly superior” to Sprint’s and urging the Clearwire Board to pursue a competitive bidding process PR Newswire HOUSTON, May 30, 2013 HOUSTON , May 30, 2013 /PRNewswire-USNewswire/ — Crest Financial Limited, the largest of the independent minority stockholders of Clearwire Corporation (NASDAQ: CLWR), today urged the Clearwire Board of Directors to reverse its recommendation on the Sprint-Clearwire merger following DISH Network Corporation’s $4.40 per share tender offer announced last night and to pursue an “open and competitive bidding process” for Clearwire. Crest also urged the Board immediately to “reconstitute the Special Committee with newly appointed, truly independent directors and empower the Special Committee with the full authority of the Board to evaluate the DISH offer and any other offer for the Company that may be made after the Board conducts a fair and transparent process that encourages these offers, and to make decisions about interim financing.” According to David K. Schumacher , Crest’s General Counsel, “The Board has a fiduciary obligation to give full consideration to DISH’s offer, which is clearly actionable, and any other eventual offers that would trump the DISH offer. […]

Stock Analysts

Neutral on Leucadia Again

May 30, 2013 0

We recently maintained a Neutral recommendation on Leucadia National Corporation ( LUK ). Why Neutral? Long-term growth prospects seem bright for Leucadia due to its diversification into a variety of businesses including manufacturing, gaming entertainment, real estate, medical product development operations and various other investment activities […]

Stock Analysts

Monsanto Increases FY13 Outlook

May 30, 2013 0

The agricultural solutions provider, Monsanto Company ( MON ) recently enhanced its outlook for fiscal 2013 as well as fiscal 2014, on the back of significant growth in the core business. Monsanto’s Chairman, President and CEO, Mr. […]

Stock Analysts

Praxair Acquires Dominion

May 30, 2013 0

Praxair Inc. ( PX ), one of the leading industrial gas producers and suppliers, recently announced the acquisition of Dominion Technology Gases Investment Limited. Financial terms have not been disclosed for the acquisition. […]

Stock Analysts

Aeroflex Amends Credit Agreement

May 30, 2013 0

Aeroflex Holding Corp . ( ARX ), a leading global provider of microelectric components, recently announced that its wholly-owned subsidiary, Aeroflex Incorporated, has made certain amendments in its senior secured credit agreement. With the amendment, Aeroflex has increased its outstanding loan by $6million to $612 million and extended its tenure by 18 months to Nov 2019 […]

Stock Analysts

KBR Wins Air Force Contract

May 30, 2013 0

KBR Inc. ( KBR ) recently announced that its joint venture with CH2M Hill was awarded a contract worth $17.9 million under the Air Force Contract Augmentation Program (AFCAP). As per the terms of the agreement, the joint venture will be responsible for operating and maintaining power plants at Al Udeid Air Base, Qatar for the U.S. […]

Stock Analysts

Target Downgraded to Strong Sell

May 30, 2013 0

On May 29, 2013, Zacks Investment Research downgraded Target Corporation ( TGT ) to a Zacks Rank #5 (Strong Sell). Why the Downgrade? Target has been witnessing sharp downward estimate revisions after the company reported disappointing first-quarter fiscal 2013 results that prompted management to take a conservative stance on its future earnings. […]