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Stock Market & Financial Investment News

News Breaks
February 26, 2013
05:55 EDTABG, ABG, ABG, POOL, POOL, POOL, SIX, SIX, SIX, FBN, FBN, FBN, JAKK, JAKK, JAKK, CLUB, CLUB, CLUBKeyBanc Capital Markets to host a conference
Consumer Conference is being held in New York on February 26-28.
News For ABG;POOL;SIX;FBN;JAKK;CLUB From The Last 14 Days
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December 16, 2014
16:32 EDTABGAsbury Automotive acquires new Ford store in Texas
Asbury Automotive Group announce that it has acquired Texas Motors Ford. The Ford dealership generates approximately $140M in revenues annually. The new dealership will be rebranded David McDavid Ford Fort Worth and brings the number of Asbury stores in Texas to 7. The newly acquired store is located at 300 West Loop 820 South in Fort Worth. For years, the Ford store has excelled in providing quality sales and service to customers in the Fort Worth area with a huge inventory of new, pre-owned and fleet/commercial vehicles.
December 12, 2014
10:35 EDTSIXSeaWorld CEO exit sparks talk of Busch Gardens split
Shares of theme park operator SeaWorld (SEAS) climbed in early trading, but have since given up their gains, following the departure of the company's CEO and president, Jim Atchison. Research firm FBR Capital suggested that the company could be split into two parts. According to the firm, SeaWorld's stock could eventually be worth about double its present value if the company does decide to pursue a break-up. WHAT'S NEW: After SeaWorld announced last night that its current CEO would step down from the position as of January 15 and be replaced on an interim basis by its chairman, FBR Capital analyst Barton Crockett wrote that a split up of the company "looks compelling." Specifically, SeaWorld could split its SeaWorld parks off from the other parks it owns, including Busch Gardens and Sesame Place, the analyst stated. In such a scenario, the other parks could be seen as an eventual takeover target for theme park operators Six Flags (SIX) and Cedar Fair (FUN), although an acquisition would not take place for two years due to tax issues, Crockett stated. Following a split, truncated SeaWorld should be valued at $4 per share, while the other parks could trade at $12 per share, the analyst stated. However, the spun off SeaWorld shares could eventually rebound to $17 if its initiatives to revitalize its weak attendance bear fruit or if it turns itself into a REIT, Crockett stated. Under the scenario outlined by Crockett, SeaWorld's stock, currently trading at about $16.60, could be worth $29. Additionally, split off SeaWorld could be taken private a few years later at a 30% premium, Crockett believes. While the analyst does not think the board wants to split the company, he says that the CEO vacancy could spark greater interest in the idea among investors, or CEO candidates could embrace the concept. Crockett kept a $20 price target and Outperform rating on SeaWorld. WHAT'S NOTABLE: SeaWorld's CEO change is likely to be viewed positively by investors, given the challenges faced by the company, Wells Fargo analyst Timothy Conder wrote in his own note to investors today. However, the analyst thinks the company lacks fundamental catalysts through the first half of next year and is facing difficult comparisons. He kept a Market Perform rating on the shares. PRICE ACTION: In early trading, SeaWorld fell 4c, or 0.25%, to $16.06.
December 8, 2014
16:37 EDTABGAsbury Automotive acquires new Ford store in GA
Asbury Automotive announced that it has acquired Sandy Springs Ford. The Ford dealership generates approximately $110M in revenues annually. The dealership has been rebranded Nalley Ford Sandy Springs and brings the number of Asbury stores in Georgia to 16.
13:04 EDTPOOLPool Corp. management to meet with Sidoti
Meeting to be held on Florida on December 10 hosted by Sidoti.

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