New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 9, 2014
10:18 EDTFDO, DG, DLTRDollar stores rally after Icahn takes Family Dollar stake
Shares of Family Dollar (FDO) are climbing after well-known activist investor Carl Icahn disclosed that he had obtained a significant stake in the company and Fox Business reported that Icahn could push for a merger between Family Dollar and peer Dollar General (DG). WHAT'S NEW: Carl Icahn disclosed in an SEC filing late Friday that he had obtained a 9.39% stake in discount retailer Family Dollar. Icahn stated that he believes the company's stock is undervalued and added that he sees great long-term potential in the sector. Meanwhile, Icahn told Fox Business that he would consider trying to get Family Dollar to merge with another company in the sector, Dollar General. For its part, Family Dollar said that it was open to holding dialogues with all of its shareholders, but then adopted a one-year shareholder rights plan meant to prevent anyone from gaining control of the company without paying a premium. ANALYST REACTION: In a note to investors earlier today, Jefferies analyst Daniel Binder upgraded Family Dollar and Dollar General to Buy from Hold. The analyst upgraded the stocks based on his belief that the companies could merge. A merger could allow the companies to generate large cost savings, according to Binder. He set a $79 price target on Family Dollar and a $75 price target on Dollar General. Significantly less optimistic about the potential for a merger was FBR Capital analyst Dutch Fox. Dollar General doesn't want to merge with Family Dollar and such a deal won't happen anytime soon, the analyst contended. However, both companies could launch share repurchase plans, he believes. Fox kept a Market Perform rating on Family Dollar and an Outperform rating on Dollar General. He recommended that investors respond to the news by being long Dollar General in the short-term. PRICE ACTION: In early trading, Family Dollar jumped 15% to $69.50, Dollar General surged 11% to $64.25, and Dollar Tree (DLTR), another retailer in the space, rose 2% to $56.35.
News For FDO;DG;DLTR From The Last 14 Days
Check below for free stories on FDO;DG;DLTR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
July 15, 2014
10:37 EDTFDOOptions with decreasing implied volatility
Subscribe for More Information
July 14, 2014
10:00 EDTFDOOptions with decreasing implied volatility: SHPG INFY CWH FDO IDIX FAST
July 10, 2014
12:21 EDTFDOOn The Fly: Midday Wrap
Subscribe for More Information
11:00 EDTFDOFamily Dollar says reduced price SKUs showing 'nice' unit lifts
Subscribe for More Information
10:30 EDTFDOFamily Dollar says was 'delighted' with business done on July 4th weekend
Subscribe for More Information
10:21 EDTFDOFamily Dollar says operating environment likely to remain difficult
Subscribe for More Information
10:11 EDTFDOFamily Dollar says in 'early stages' of turnaround
Subscribe for More Information
10:05 EDTFDOFamily Dollar says long-term growth prospects remain strong
Subscribe for More Information
09:15 EDTFDOOn The Fly: Pre-market Movers
HIGHER: Zumiez (ZUMZ), up 5.7% after raising Q2 outlook... DragonWave (DRWI), up 5% after reporting better than expected Q1 results... International Game (IGT), up 3.6% after Italian press report says the company will soon get a $4B offer from GTECH... United Continental (UAL), up 2.9% after reporting June traffic. LOWER: Lumber Liquidators (LL), down 23% after downgraded at Jefferies and Credit Suisse following the company's reduced full-year outlook. Tile Shop (TTS), which also serves flooring customers, down 5.5% following Lumber Liqudators' profit warning... Family Dollar (FDO), down 1.9% after reporting Q3 earnings that missed expectations... Tractor Supply (TSCO), down 5.9% after reporting Q2 preliminary results, saying it now sees FY14 results at low end of guidance range... Liquidity Services (LQDT), down 8% after revising Q3 guidance after its sales of selected rolling stock and other assets under its Surplus Contract with the U.S. Defense Logistics Agency have ceased at the request of DLA... Potbelly (PBPB), down 18% after lowering its Q2 and FY14 outlook... Memorial Production Partners (MEMP), down 7.4% after filing to sell 8.6M shares of common units for partners... Kosmos (KOS), down 3.3% after filing to sell 17M shares of common stock.
07:26 EDTFDOFamily Dollar says Q3 results reflect economic challenges facing core customers
Subscribe for More Information
07:05 EDTFDOFamily Dollar says on track to close 370 underperforming stores by end of FY
Subscribe for More Information
07:05 EDTFDOFamily Dollar sees FY14 EPS $3.07-$3.17 ex-items, consensus $3.15
Sees low single digit increase in FY14 net sales, low single digit decline in SSS. Sees approx. 525 new store openings and approximately 400 store closings. Sees FY CapEx $450M-$500M. As part of its ongoing business review, the Company is taking deliberate actions to strengthen its value proposition, increase operational efficiencies and improve its financial performance. As previously announced, the Company has: Lowered prices on nearly 1,000 basic items, investing more than $50 million, on an annualized basis, to deliver more compelling values to customers; Reduced corporate overhead and re-aligned key organizational functions to improve execution and reinforce a commitment to being an efficient, low-cost retailer; Launched a process to close approximately 370 underperforming stores in the second half of fiscal 2014. Building on efforts to capture more food trips, the Company intends to further expand its cooler program beginning in fiscal 2015; Continuing to expand traffic-driving categories with a multi-year rollout of beer and wine, beginning in fiscal 2015; and Leveraging the scale and considerable diversity of the chain to launch a multi-year clustering initiative designed to enhance store productivity. The Company’s in-depth business review remains on-going, and the Board and management team continue to evaluate additional opportunities to drive efficiency in stores, and further increase value and convenience for the customer.
07:04 EDTFDOFamily Dollar sees Q4 EPS 75c-85c ex-items, consensus 78c
Subscribe for More Information
07:02 EDTFDOFamily Dollar reaffirms Q4 guidance
Subscribe for More Information
07:01 EDTFDOFamily Dollar reports Q3 adjusted EPS 85c, consensus 89c
Subscribe for More Information
06:28 EDTFDOOptions expected to be active
Options expected to be active: LL PBPB VNO FDO WFC COST ZUMZ UAL BA
July 9, 2014
15:28 EDTFDOFamily Dollar July weekly 64 straddle priced for 4% move into Q3
Subscribe for More Information
15:25 EDTFDOFamily Dollar technical comments ahead of earnings
Subscribe for More Information
15:19 EDTFDONotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Family Dollar (FDO), consensus 89c.
06:05 EDTDGStocks with implied volatility below IV index mean; DG VLO
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use