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March 11, 2013
19:02 EDTEMAN, YUM, BIOS, LAKE, PWRD, IRBT, HEK, DMND, PAY, STEIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Heckmann (HEK), up 10.2%... BioScrip (BIOS), up 8.2%... Stewart Enterprises (STEI), up 3.5%... ALSO HIGHER: iRobot (IRBT), up 9.1% after appointing a new CFO and raising its Q1 earnings per share outlook to 16c-20c from 0c-7c... Yum! Brands (YUM), up 6.7% after the company reported better-than-expected Q1 China same-store sales... Verifone (PAY), up 6.3% after announcing its CEO would step down and the company backed its Q2 and FY13 sales and earnings forecasts... DOWN AFTER EARNINGS: Perfect World (PWRD), down 10.3%... eMagin (EMAN), down 9.8%... Diamond Foods (DMND), down 5.1%... ALSO LOWER: Lakeland Industries (LAKE), down 23.1% after announcing an $11.5M goodwill impairment charge.
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July 1, 2015
11:11 EDTYUMAnalyst says Yum! Brands could create value with China spin-off
There is a good chance that Yum! Brands could spin off its China business, adding value to its stock, UBS wrote in a note to investors earlier today. WHAT'S NEW: Activist investors will probably push Yum! to take steps to enhance its value and one of the moves the company is most likely to make is spinning off its China business, UBS analyst Keith Siegner wrote in a note to investors today. Following the spin-off of the China business, the rest of Yum, dubbed "Yum Global" by the analyst, could increase its leverage to 5-6 times and use the proceeds for share repurchases, Siegner believes. Meanwhile, the China business, which he calls "Yum China," would be a direct play on the growth of the Chinese middle class via a company that uses Western accounting standards, the analyst stated. Siegner believes that Yum Global's profits will grow by around low teen percentage levels, while those of Yum China will expand at a high teens/low twenties percentage rate. The analyst estimated that Yum Global would be worth $76 per share and Yum China would be worth $40 per share, leading him to increase his price target on Yum's current shares to $116 from $100. He kept a Buy rating on the stock. PRICE ACTION: In morning trading, Yum rose 1.5% to to $91.40.
07:36 EDTYUMYum! Brands potential China separation an important catalyst, says UBS
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June 25, 2015
16:02 EDTLAKELakeland Industries to exit Brazilian operations
Lakeland Industries announced that it has signed a definitive agreement to exit its Brazilian operations through a transfer of shares of its wholly-owned Brazilian subsidiary to a company owned by a current manager of the subsidiary. The shares transfer and related details to finalize the Company's exit from Brazil are expected to be completed on or around July 31.
June 23, 2015
07:27 EDTIRBTJefferies to hold a conference
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June 22, 2015
08:01 EDTLAKELakeland Industries announces early payoff of settlement to exit Brazil
Lakeland Industries announced it has successfully amended the Settlement Agreement from September 11, 2012 relating to an arbitration with the former management of its Brazil subsidiary. The amended Settlement Agreement includes a discounted early payoff of the outstanding balance owed to the former management of the Brazil subsidiary pursuant to the original Settlement Agreement. Following the satisfaction of all regularly scheduled payments of the original Settlement Agreement to date, the company has agreed to complete the payoff of the new Settlement Agreement by June 30, 2015, which will satisfy the remaining $3,750,000 balance under the original Settlement Agreement. The payoff amount of the new Settlement Agreement is $3,413,000, resulting in a gain of $224,000 after allowing for imputed interest on the original Settlement Agreement. As part of the original Settlement Agreement, all alleged outstanding claims against the company arising from an arbitration proceeding in Brazil involving the company and the former management of the Brazil subsidiary were settled for an aggregate of approximately $8,500,000, which was payable by the Company over a period of six years. Prior to the new Settlement Agreement, the remaining amount owed under the original Settlement Agreement was to be paid in quarterly installments of $250,000 through December 31, 2018.
June 18, 2015
17:37 EDTBIOSBioScrip announces June 25 record date for rights offering
BioScrip set the record date for the previously disclosed upcoming rights offering as of the close of business June 25. The company expects the Rights Offering will commence no later than June 30 and conclude by the end of July 2015.
11:31 EDTYUMOptions with increasing implied volatility
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