Best Stocks To Buy For 2013: SKS

[ May 21, 2014 | Author: admin | Views: 96426 | Weather: | Mood: normal]

For a company that is putting up solid sales growth, has a great brand, and has seen its stock price rise more than 40% in the last 12 months, Saks (NYSE: SKS  ) didn’t demand much of a premium. Hudson’s Bay, the operator behind Lord & Taylor, picked up Saks for just $16 per share, representing a 4.5% bump to Friday’s closing price. Why is this good news? It seems like an odd move from Saks’ point of view. Hudson’s Bay posted a loss in its last quarter, while Saks put up a nice profit in its most recent period. Hudson’s Bay also has almost no cash on hand to finance the transaction. The business had about $27 million in cash at its last reporting in May, and it’s going to finance the acquisition with equity, debt, and secured notes. You know what, speaking of the word “acquisition,” let’s call this … Continue reading

[ May 8, 2014 | Author: admin | Views: 87350 | Weather: | Mood: normal]

Nintendo (NASDAQOTH: NTDOY  ) drasticallycut its sales forecast after its flagship Wii U game experienced depressing sales. In response, the game maker said it would post an operating loss, which will place added pressure on the multinational consumer electronics company to take serious action to turn its business around, according to the Wall Street Journal.On Jan. 17,the Japanese game maker said it expected to sell a mere 2.8 million Wii U consoles. This was a big blow for Nintendo, as this figure was less than one-third of initial sales estimates. Despite Nintendo’s price cuts and rich lineup of titles, such as the latest entry to its Super Mario Bros.franchise, the company will sell even fewer Wii U’s in the console’s second full year of sales. That’s less than it did during the first five months after the console was introduced. Wii U performed the weakest in overseas markets during the peak … Continue reading

[ May 6, 2014 | Author: admin | Views: 26977 | Weather: | Mood: normal]

Coal gets a bad rap. Environmentalists call it a dirty fuel, while Santa Claus uses it to punish naughty little boys and girls. That really is a shame because coal has the power to produce a lot of energy, as well as high-paying jobs. Not only that, but coal produces some really good pizza. SOurce: Flickr. My wife and I stopped by a pizza place the other night which is known for baking it in coal-fired ovens. Believe it or not, coal was the fuel of choice for pizzerias early last century. This restaurant goes back to those roots and uses coal because it delivers a unique flavor and consistency that’s not possible from wood or gas ovens. I can certainly agree with that statement; the pizza was fantastic. The coal used in the process is called anthracite, and the company sources it from Pennsylvania and has it delivered by … Continue reading

[ April 24, 2014 | Author: admin | Views: 71266 | Weather: | Mood: normal]

Canadian-based Hudson’s Bay has announced that it will purchase luxury retailer Saks (NYSE: SKS  ) for $16 per share in a deal valued at $2.9 billion. The appeal here for Hudson’s Bay is interest in Saks’ high-end real estate. In fact, the department store chain’s Fifth Avenue Manhattanaddress alone is worth an estimated $805 million, according to Deborah Weinswig of Citigroup. Nevertheless, this isn’t bad news for Saks shareholders, since the struggling retailer will sell at a nearly 5% premium to where the stock closed on Friday. Still, it may be even better news for rival luxury retail chain Neiman Marcus. That’s because this premium on the Saks sale could help privately held Neiman Marcus score a higher valuation as it sets up for a possible initial public offering. Earlier this year, the retailer reportedly brushed off a buyout offer from private equity firm KKR (NYSE: KKR  ) , which had hoped … Continue reading

[ March 30, 2014 | Author: admin | Views: 77695 | Weather: | Mood: normal]

SYDNEY–Seek Ltd. (SEK.AU) said it would buy the remaining shares in JobStreet Corporation Berhad’s (0058.KU) online employment business, continuing its push into Asia in a deal valuing the target at MYR1.730 million (US$523.5 million). Australia’s biggest online job ads company said its majority-owned subsidiary Seek Asia would acquire the 78% of the JobStreet business it doesn’t already own, subject to regulatory approvals in Singapore and shareholder approvals. JobStreet operates in Malaysia, Singapore, Indonesia and Vietnam. Seek made the announcement as it reported a better-than-expected 65% rise in its fiscal first-half profit, helped by higher earnings from China after it increased its stake in the Zhaopin employment website last year, offsetting weakness in domestic job volumes. Top 10 Heal Care Stocks To Invest In Right Now: Public Service Enterprise Group Incorporated(PEG) Public Service Enterprise Group Incorporated, through its subsidiaries, operates in the energy industry primarily in the northeastern and mid Atlantic … Continue reading