SCLN continued its “breakout” attempt, hanging around the $4.30-$4.40 range ALL day…boooooring, amazingly its even more boring than CHINA when it was trying to break down a few weeks ago, you’ll see this happen a lot in August, and especially on real companies, still a potential buy if it can ever get over $4.50[More...]

Headquartered in Amsterdam, The Netherlands, Koninklijke Philips Electronics N.V. (PHG) is one of the world's largest electronics companies and the biggest in Europe, with sales of 27 billion in 2007 and 12.4 billion in 1H08. The company has worked to improve its cost structure, as its EBITA margins remained flat along with modest revenue performance despite the weaker-than-expected dollar. Based on these results, we are maintaining our revenue estimates for 2008. We continue to rate the shares of PHG a Hold with a price target of $28.50 per share over the next six months. This amounts to between 6.7x-6.9x our new 2008 EPS estimate of $4.19. Udayan Mukherjee contributed to this report. Read[More...]

Despite modest revenue growth, Universal Technical Institute, Inc.'s (UTI) operating margin continues to deteriorate, in part due to an aggressive expansion program. In addition, a declining capacity utilization rate and lower student enrollment continue [More...]

Filed under: Private equity, Goldman Sachs Group (GS)

Back in early July, Reddy Ice Holdings Inc. (NYSE: FRZ) announced a $1.1 going-private transaction with GSO Capital Partners (NYSE: GS). The company is a manufacturer and distributor of packaged ice, serving about 82,000 locations in 31 states.

However, because of adverse weather, especially in Texas and Oklahoma, the company has experienced some softness in its results.

Well, an activist fund, Shamrock, is not convinced and thinks the price tag is "grossly inadequate." In fact, the firm plans to vote "no" on the deal.

Shamrock thinks Reddy is worth about $42 to $44 per share. Keep in mind that the current buyout offer is $31.25.

Continue reading Reddy Ice's buyout gets chilly reception

Permalink | Email this | Comments