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Stock Market & Financial Investment News

News For BKW;YUM;DAVE From The Last 14 Days
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November 26, 2014
08:20 EDTBKWAckman says Herbalife short thesis reinforced by recent developments
"Recent developments at Herbalife reinforce our short thesis that HLF is an illegal pyramid that will collapse or otherwise be shut down by regulators," Bill Ackman stated in Pershing Square Holdings' quarterly letter to shareholders, which was released last night. "We continue to believe that the expiration of HLF’s $1.15B credit facility in 2016 is a potential catalyst for further stock price declines, as we are skeptical that the company will be able to access the credit markets in order to refinance or replace this facility," Ackman added. In the letter, Ackman also confirmed that the fund is currently doing due diligence on Actavis (ACT) to determine whether it should remain a long-term holder following the company's deal to acquire Allergan (AGN), noting that Pershing had recently met with the CEO of Actavis and were "impressed with him and his business plan for the combined company." Remarking on some of his other notable holdings, Ackman stated that Canadian Pacific’s (CP) transformation has been "nothing short of remarkable," that he believes the acquisition of Tim Hortons (THI) will create significant long-term value for Burger King (BKW) shareholders, and that early returns from Air Products' (APD) transformation are "promising."
November 25, 2014
12:06 EDTBKWFDA finalizes menu calorie labeling rules
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06:51 EDTBKWFDA to force calorie restaurants, theaters to show calorie totals, NY Times says
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November 24, 2014
07:37 EDTYUMPizza concepts seen as possible targets for DineEquity, Bloomberg says
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06:36 EDTBKWCanada to decide on Tim Hortons, Burger King deal by Dec. 25, Reuters says
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November 20, 2014
16:16 EDTYUMYum! Brands authorizes up to $1B in share repurchases
Yum! Brands board authorized the company to repurchase up to $1B in additional shares of common stock. The $1B in additional share repurchases of the company’s outstanding common stock is authorized through May 31, 2016.
10:02 EDTYUMOn The Fly: Analyst Upgrade Summary
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07:26 EDTYUMYum! Brands upgraded to Buy at Janney Capital
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06:06 EDTYUMYum! Brands upgraded to Buy from Neutral at Janney Capital
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