Spin off of Blackhawk shares positive, says Barrington Barrington believes that the spin off of Blackhawk (HAWK) shares by Safeway (SWY) will alleviate competitive concerns for Blackhawk. The firm also thinks that the spin off will increase strategic opportunities for Blackhawk while increasing its ability to pursue acquisitions. Barrington believes that any weakness caused by the spin off would create a long-term buying opportunity. It keeps a $29-$31 price target range and Outperform rating on Blackhawk.
Blackhawk expects 200 in-marketing promotions in Q4 The company is optimistic, but cautious for a good holiday season. It expects to turn cash flow positive in Q4. Through the first four weeks of Q4, the load value growth is similar to Q3.