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| Wed, Sep 24, 2008 | ||
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Notable Mergers and Acquisitions of the Day 9/24: BUCA
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=4014491 for the full story.
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StreetInsider
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Planet Hollywood International Completes its Tender Offer for BUCA (BUCA)
Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=4014177 for the full story.
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StreetInsider
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| Fri, Sep 12, 2008 | ||
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News You Can Chew On
Restaurant stocks are turning tables and headlines.
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Fool.com Headlines
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| Fri, Aug 08, 2008 | ||
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News You Can Chew On
Restaurant stocks are turning tables and taking names.
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Fool.com Headlines
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| Tue, Aug 05, 2008 | ||
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BUCA Selling to Planet Hollywood (BUCA)
So much for thinking the consolidation in small restaurant chains is over, albeit this is a tiny deal. BUCA, Inc. (NASDAQ: BUCA), the owner and operator of Buca di Beppo, has announced that it has signed a definitive agreement with Planet Hollywood International where a subsidiary will seek to acquire all of the shares of BUCA, Inc. at a price of $0.45 per share of common stock.
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24/7 Wall St.
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| Mon, Jun 23, 2008 | ||
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Retail Survey Report: Luby's, Landry's, Buca, Papa John, J. Alexander's
Luby's Restaurants See No Jump in Business This Year, 78% of Landry's Restaurants have Steady or Less Business from a Year Ago, 63% of Buca Restaurants Say Business is the Same or Slumped From a Year Ago
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| Thu, Jun 19, 2008 | ||
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Retail Survey Report for Buca, Landry's, Luby's, Applebee's
63% of Buca Restaurants Say Business is the Same or Slumped From a Year Ago, Luby's Restaurants See No Jump in Business This Year , 80% of Applebee's Restaurants Say Business is the Same or Down from Last Month
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home: iStockAnalyst....
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| Sun, Aug 05, 2007 | ||
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The Greek's Week Ahead - The Fed is on the Clock
The Greek's Week Ahead has been engineered to prepare you for events that could impact your portfolio this week.
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Wall Street Greek
Last week's activity offered the epitome of volatility, with huge fluctuations in direction commonplace, especially within the first and last half hours of trading. The market seemed unsure as to which direction to take, moving on new bits of concerning news flow ( as we warned here that it could in last week's copy ). Three bombs in particular barraged the market: the solvency warning from American Home Mortgage ( Alas, undeniably, Monday brings a new day, though also a week's worth of potential minefield, depending on your outlook. The pessimist will surely be looking for the next lender, builder or insurer failure. Speaking of insurers, did you see Barron's frightening piece on ACA Capital ( Optimists, on the other hand, will be looking on with glossy eyes and hopeful smiles toward Tuesday's Federal Open Market Committee announcement. In times like these, Alan Greenspan’s Fed could usually be counted on to come to the rescue, but there's some debate as to how Mr. Bernanke's group will react. It seems certain they will address the critical topic of credit markets and liquidity. Many are hopeful that assertive commentary from the Fed and assurance that the overseer will be there if necessary, would be enough to settle shaky hands. After all, despite its focus on inflation and view that the subprime issue was contained, the group has indicated that economic growth, housing and credit issues would be closely watched for change. It's implied there that, "like a bridge over troubled waters, they will guide us through"; let's just hope that bridge was built recently and properly inspected. Implication aside, last week, two Fed governors contradicted each other with credit market related statements, but we'll take comfort in the fact that the last word was one of reassurance. It's about time we take a closer look at the week ahead... Monday is economic news light, so barring any early morning AHM type slam, and there's no guarantee of this, then the market should start to anticipate Tuesday's Fed statement. Again qualified by the absence of explosions in lending or anywhere else, we think the market will see inflows of capital in anticipation of good news from the Fed. We're not sure this matters to anyone but Canadians, and we hope our fans in the great white north know we love them, but the Canadian markets are closed on Monday. In the States, Monday's earnings report schedule includes A.C. Moore Arts & Crafts ( Tuesday brings the usual ICSC-UBS Weekly Same-Store Sales Report, and recent data indicates mall traffic is down. Last week's data showed a little bit of life though, as the group reported week-over-week growth of 1.1% and year-over-year growth of 3.2%. Internationally, South Korea is hosting a meeting of six nations to discuss energy aid for North Korea's nuclear compliance. At 8:30 a.m. EDT, second quarter productivity is slated for report. In Q1, productivity rose 1.0%, while unit labor costs increased 1.8%, quarter-over-quarter. Barron's reported MFR's expectation for productivity to increase 2.0% this time around. At 2:15 p.m., the highly anticipated and likely week defining event occurs, the FOMC releases its policy statement. Most expect the group to keep the Fed-funds target rate at 5.25%. A cut would help to ease credit concerns, and a firm statement that the Fed remains ready to act if necessary may do the same. Continued hawkish inflationary commentary would, however, not be helpful at this point. Later on Tuesday, June Consumer Credit is seen increasing by $5 billion, compared to $12.9 billion in May. There are a few ways to interpret consumer credit changes. An excessive or abnormal increase could be indicative of stretched consumers pushing it a bit more, while light growth could be construed as a result of tightening credit standards that could in turn impact consumer spending patterns. Or, if considered directly and simply, it would be an indicator of lower spending. For comparison purposes, the extremely cold month of April showed a consumer credit increase of just $2.6 billion. We provide earnings report data because we know a good deal of you are traders seeking the next catalyst. Tuesday presents an extremely heavy earnings schedule including Affordable Residential Communities ( The Mortgage Bankers Association reports its regular Purchase Index bright and early on Wednesday morning. Even as treasury yields decline, mortgage rates appear sure to rise further in light of the worsening environment. While banks are lending more carefully, demand for homes also suffers due to concern that prices could drop further. June Wholesale Inventories are set for report at 10:00 a.m., with expectation for a 0.4% rise, according to Bloomberg's consensus. At 10:30, the EIA Petroleum Status Report is due. We plan to write a piece on the sector, discussing the recent divergence of share and commodity prices. Overseas, the Bank of Australia is expected by many to raise rates Wednesday. Also, World Bank Head Robert Zoellick is set to meet with Asian ministers to discuss regional growth. General Motors ( Thursday starts with the Weekly Initial Jobless Claims Report. The measure has hovered close to 300,000 lately, or just a bit higher. However, we continue to expect jobless claims to rise only after the monthly Employment Situation Report reflects meaningful weakness in the labor market. Before businesses start firing, they stop hiring, plain and simply. Therefore, Friday's report may have ominously forecast a coming change in the trend for the weekly new benefits filings. We think so. We expect housing construction to begin to better reflect the realities of the situation. We suspect the data has been fogged by the employment and firing of many illegals by industry participants. We also expect more financial market, retail and consumer oriented businesses to increase layoffs in coming months. Retailers report chain store sales on Thursday, and recent data indicates mall traffic is down. For the most part, the weekly sales data from the ICSC has not been positive either. Retailers might provide some bad news on Thursday that could sour the taste the Fed serves up. Also notable, Thursday marks the deadline for companies to file their 10Qs with the SEC, so problematic news not presented in corporations' preliminary press releases could surface as a result. The EIA reports its weekly natural gas inventory on Thursday at 10:30. Markets in Singapore are closed, while Thursday's American earnings reports include 1-800 Contacts ( Friday will likely factor this week, as three economic news bits come to the fore. July import prices are set for report at 8:30. According to Barron's, Lehman Brothers anticipates a 1.0% rise due to higher petroleum prices. Excluding the impact, Lehman sees prices flat. The RBC Cash Index is due at 9:00 a.m. This is important, as the index measures consumer attitudes and spending. It considers the consumers' view on the economy, personal finance, savings and investment confidence. The metric has been on a general declining trend, reaching bottom just last month when it measured 76.1. Finally, the Federal Budget for July is set for report at 2:00 p.m. EDT. Consensus sees a deficit of $35 billion, according to Bloomberg. Friday's earnings reports include Aircastle LTD ( Receive Wall Street Greek via email by subscribing here . If you change your mind, it's easy to unsubscribe. We respect your privacy and will not share your information with any third party. ( disclosure ) 
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| Mon, Jul 30, 2007 | ||
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The Greek's Week Ahead: Panic Room
The Greek's Week Ahead has been engineered to prepare you for events that could impact your portfolio this week.
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Wall Street Greek
Traders are calling the week a "touch and go." So, should we head to the "panic room" or is there still room to panic? There are two questions to answer before we make that choice. The first question to ask - is the assumption that a credit crunch is possible correct, and we think so. Secondly, if correct, is it happening now, or is the market just anticipating it early. If the market is simply foreshadowing what is to come, stocks could hold here or even improve. However, if it recovers, it will rise having left you a message to heed. We think a crunch is occurring, but if there are no stories this week of an LBO deal gone bad or large hedge fund going under, the market could get a pass. If one of those two things happens though, the confirmation it provides would bring the sellers back in force, we think. As I write this week's copy, Asian markets have opened lower Monday morning, but not "panic room" lower. It's become clear to global traders that the U.S. market still pretty much dictates the world's trading direction. So, the mantra in Hong Kong and Tokyo these days is probably, "why panic until we see how America opens." And then there's the Chinese mainland market, which is as defiant as ever. The CSI 300 Index is trading some 2.0% higher Monday, through midday. I'm sure a good amount of Chinese investors are not even aware of what is unfolding in America, what with the communist iron curtain in place and all. Besides, the rate of inflation still makes holding cash a losing deal in Shanghai, so what else are you going to do with your yuan when faced with five different brokers selling you the recent stellar Chinese market performance record. Even as I know readers are intently focused on this week's copy for insight into the current situation, I have a difficult time not looking forward a few months. This week, Barron's covered the dangers of a credit crunch and the risk in emerging market shares, two critical topics of the day. But we wrote about them long ago in our issues, " The Greek's Week Ahead - Emerging Market Glam" and " The Greek's Week Ahead - When the Liquidity Dries." We didn't miss rising risk spreads either. So, now that all that we spoke of months ago is considered current, we have a tendency to want to move forward. The problem is, we know you want more about the here and now. You're really worried about the week ahead, and we're going to try to help walk you through it. Everybody wants to know if this is it. Is it time to panic? To this we respond, never panic! We know from experience that there is value added by adrenaline in times of danger, but panic never does you any good. Preparedness and thoughtful decision-making will work in your favor while others panic. That said, there are three clear issues that could set the market into full-scale panic mode this week, and you should be aware of them. One of the three is not specific to the week, but may show it's ugly head anyhow. There are concerns on the street about the investment banks' exposure to the subprime space and to LBO loan commitments. According to Barron's article "Ouch!", Banks and Wall Street firms are committed to fund over $200 billion of LBOs this year. With risk spreads rising, value is destroyed, but the banks are committed. With buyers likely to remain scarce, I-banks may be big losers soon. Deutsche Bank ( HSBC Holdings Plc., whose ADRs trade in New York under ( Let's take a look at the week ahead... Earnings rule the day on Monday, with no important key economic data scheduled. Pfizer ( Tuesday has the potential to provide a surprise punch to the nose of investors. June Consumer Spending will be reported at 8:30 a.m. EDT. Bloomberg's consensus is looking for growth of just 0.2% month-to-month. However, some are speculating that lower vehicle sales may lead spending growth to an even lower level. Spending increased 0.5% in May, and Wall Street Greek sees the possibility for a decrease in spending in June. We believe that in light of the current sensitive state of the market, such a result could make an important impact. This is all based on the consumer-softening scenario we have laid out so many times here. Briefly, an increasing cost of living globally should impact consumer spending, in our view. There's only so much an overlevered consumer can handle before he gives. We believe there are already signs of consumers moving down price categories in order to save more. For instance, we see traffic moving from the casual dining space into fast food. We expect the ICSC-UBS Weekly Same-Store Sales Report, which precedes the spending report, will only provide more evidence for the case we have been making for months, that the consumer is softening. The consumer is the foundation of our economic growth, and if that pillar of strength is weakened, we expect a state of recession and perhaps stagflation would ensue. Personal income is seen increasing 0.6%, versus 0.4% in May, as it rides on the shoulders of relatively strong job growth. Still, healthy employment growth implies wage inflation risk, which is a major concern of the Fed. The Employment Cost Index will add some color to that picture on Tuesday morning. The consensus expects second quarter growth of 0.9% over Q1. The first quarter saw growth of 0.8% over the fourth quarter of 2006, and 3.5% annual growth. The Conference Board is scheduled to provide its Consumer Confidence Index at 10:00 a.m., with the consensus expecting confidence to post a rise in July to 105, from the year's low point of 103.9 in June. This figure may be meaningless, as confidence is sure to slip should current economic concerns and market weakness persist. June construction spending is expected to have risen 0.4% from May. It surprisingly increased 0.9% in May. The S&P/Case-Shiller home price index will also be reported Tuesday. Recent data showed new home price values declining, while existing homes prices had actually strengthened. Existing homes make up a much larger portion of the market, so we would expect prices to be flat to higher. Also the National Association of Purchasing Managers - Chicago will publish its index. Bloomberg's consensus is looking for a measure of 58, down from June's 60.2. Two key financial system representatives will have microphones on Tuesday and could drive market activity. Treasury Secretary Paulson will meet with China's President Hu Jintao to discuss currency and product safety issues. SEC Chairman Christopher Cox will testify to the Senate Banking Committee. Tuesday's earnings reports include Alcan ( On Wednesday at its usual time, the Mortgage Banker's Association will report its Purchase Index, providing information about the state of new mortgage originations and refinancings. Some key employment data will reach market on Wednesday. ADP provides its private employment report. Last time around, ADP reported a month-to-month increase of roughly 97,000 for May. The Challenger Job Cut Report is due for release the same day, and last month showed announced layoffs of 55,726. We think it's about time the employment situation starts wavering. We expect the retail and construction sectors to lead the way lower on employment. The ISM Manufacturing Index is expected to show a July reading of 55.0, compared to June's 56. We have continued to express our view that manufacturing will follow the lead of other sectors of the economy, as manufacturing is buoyed by a weak dollar and global demand. Even so, some of the large-cap multinational stars of Q1 have not been quite so impressive in Q2, allowing this correction to occur. Pending home sales for June are set for release as well. May's figure declined 3.5%. Finally, motor vehicle sales are expected to reach 12.2 million in July, versus 11.6 million in June. Indeed, Ford ( Wednesdays earnings reports include Allergan ( Overseas on Thursday, the Bank of England and the ECB are both expected to leave rates at current levels. In light of recent events, this makes perfect sense. Tightening credit at this point only further stresses the market and liquidity. The Monster Employment Index will help investors gain further insight into the employment picture, as will the weekly initial jobless claims report, also due out Thursday. Monster's June report measured 186, which matched May's figure. It may still be too early for this metric to show a softening employment outlook. Jobless claims are expected to rise to 310,000. It's new job growth that we have our eye on. That's where the first signs of weakness in the employment environment should show their ugly heads. June Factory Orders are expected to rise 0.1%, better than May's decline of 0.5%. The EIA Natural Gas Report shook up the nat gas market last week, and this week should be no less dramatic. Thursday's earnings reports include Activision ( The big news on Friday comes from the Department of Labor. The Employment Status Report is expected to show an increase in nonfarm payrolls of 125,000 in July. Wall Street Greek believes we could start to see important changes in the retail and construction sectors in this month's report. In other words, the number could come in light, and we would look to this as an early tangible sign economic growth would likely weaken in the second half of the year. Unemployment is seen steady at 4.5%, while average hourly wages are expected to post a 0.3% month-to-month increase. In other news, ISM's Nonmanufacturing Survey is seen measuring 58.5 in July, versus 60.7 in June. We expect this metric to also begin to show a weakening trend after early signals. Friday's earnings reports include Allianz SE ( Receive Wall Street Greek via email by subscribing here . If you change your mind, it's easy to unsubscribe. We respect your privacy and will not share your information with any third party. ( disclosure ) Related Articles:
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