Here are a few companies that are vulnerable to takeover. If you have others, please post.
RIMM YHOO NCC FCX AA NYX CHK ETFC
Posted by invester on :
Maybe FRPT
Posted by BooDog on :
CKYS SLJB
(okay just kidding! )
Posted by invester on :
Old School, LoL.
Posted by invester on :
NOV
Posted by invester on :
MTW
Posted by Free Muney on :
o poo just started a duplicate thread. sorry tex!
CC!!!!!!!!!!!
Posted by invester on :
It’s cool. I think Circuit City as well. Great brand, huge revs. They need a turn around specialist.
Posted by BooDog on :
quote:Originally posted by invester: It’s cool. I think Circuit City as well. Great brand, huge revs. They need a turn around specialist.
CC (.20) has already said this holiday season will set their destiny. Look where my friend SIX is. .32 I haven't reviewed them lately. Who want's em?
Posted by invester on :
quote:Originally posted by BooDog:
quote:Originally posted by invester: It’s cool. I think Circuit City as well. Great brand, huge revs. They need a turn around specialist.
CC (.20) has already said this holiday season will set their destiny. Look where my friend SIX is. .32 I haven't reviewed them lately. Who want's em?
Does SIX still own there real estate? I pretty sure CC does, about 1billion worth. Market cap 33 million. Wait, is that right? How could that be?
Posted by Peaser on :
Who want's em?
Pinksheets...
Bankruptcy comin'
Posted by invester on :
You have to admit, they have a great brand. If they were able to increase margins, shut the non-profitable locations and sell off the real estate the company would be viable. The revenues are there, they just need a turn around specialist to clean house.
Posted by Peaser on :
Kinda like Kmart?
Rainman still says 'Kmart sucks'
They need a quick recovery of consumer spending to have a chance imo.
Posted by invester on :
LoL
Posted by T e x on :
quote:Originally posted by Free Muney: o poo just started a duplicate thread. sorry tex!
CC!!!!!!!!!!!
lol...
do what?
show me a dupe, and I'll fix it. Posted by invester on :
I think the Circuit City Executives read my post from yesterday. LoL
Circuit City To Close 150 Stores To Stave Off Bankruptcy Tuesday 10/21/2008 1:18 PM ET - Investrend
Related Companies Symbol Last %Chg CC 0.25 25.00%
As of 4:00 PM ET 10/24/08 October 21, 2008 (FinancialWire) -- Circuit City (NYSE: CC) (Current Market Cap: US$58.84 Mil.) could close 150 stores and drop thousands of jobs in lieu of filing for bankruptcy, according to the Wall Street Journal.
The Journal said the struggling electronics retailer has hired bankruptcy lawyers but doesn't want to file for Chapter 11 before the holiday shopping season. A bankruptcy filing could hurt the company even further because many shoppers might be worried about Circuit City's future ability to honor long term warranties on items such as televisions.
Since a bid worth around $1 billion from Blockbuster fell apart, the electronics retailer's stock has plummeted, and in the last year, shares have lost 95% of their value.
Shares of Circuit City dropped 4 cents to 35 cents on Monday.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation from any company for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . The FinancialWire" NewsFeed is available in multiple formats at http://www.investrend.com/XmlFeeds?level=268 . Please address any inquiries to feedback*financialwire.net .
Hmm, might just get me a new plasma tv at closeout prices if they close shop...
Posted by invester on :
HOKU
Posted by Stockstar69 on :
DPDW - DEEP DOWN. At about .35 per share and one of the leaders in their industry (supplying subsea equipment) if the price per share dosn't blow throught the roof they may be ripe for a takeover as they make many proprietary items needed by oil researchers in the oceans. Posted by invester on :
quote:Originally posted by Stockstar69: DPDW - DEEP DOWN. At about .35 per share and one of the leaders in their industry (supplying subsea equipment) if the price per share dosn't blow throught the roof they may be ripe for a takeover as they make many proprietary items needed by oil researchers in the oceans.
I would say maybe a shallow water company, but a deep water drilling component company isn’t going to get much business at $50-$60 oil. Even RIG "Transocean” is now getting cancellations of rigs.
Posted by Stockstar69 on :
If the price drops by 50%, the drillers have to find twice as much oil just to keep even...and now that the price of oil is cheaper than it has been, tar sands are definately too expensive so to the water we go.
Either way we still need oil, at a high price or at a low price.
Posted by invester on :
It's VERY doubtful. With every company’s stock price being taken out back, they will be looking at MUCH better companies that deep down. NOV, FTO, or just buying RIG all together. If best of breed is on sale, it’s going to be a tough one for Deep Down.
Posted by invester on :
LVS
Posted by invester on :
S
Posted by invester on :
ICE
Posted by BuckeyeMatt on :
Are you following Huntsman HUN?
Posted by invester on :
quote:Originally posted by BuckeyeMatt: Are you following Huntsman HUN?
This is the last I heard of the deal. It was something like a $15 billion price tag with debt. AP Banks ditch Hexion's $6.5B buyout of Huntsman Tuesday October 28, 4:50 pm ET By Ernest Scheyder, AP Business Writer Hexion's $6.5B buyout of Huntsman on ice; banks won't fund closing scheduled for Tuesday
NEW YORK (AP) -- Two banks funding a buyout of Huntsman Corp. have backed out of the $6.5 billion deal, which grew increasingly rancorous as the economy worsened. Credit Suisse and Deutsche Bank told Hexion Specialty Chemicals late Monday that the combined company no longer meets standards set when the deal was crafted in July 2007.
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The buyout was slated to close Tuesday.
The banks rejected an outside appraisal, released last week, that found the combined company could remain solvent in the current economic climate.
"We have advised Hexion that neither the draft American Appraisal solvency opinion nor the draft solvency certificate of Huntsman's CFO is customary and reasonably satisfactory," the banks said in a joint statement. "Aspects of the methodology, assumptions and depth of information utilized in the solvency analysis have left the banks with serious reservations."
At the height of the a buyout frenzy in the summer of 2007, Credit Suisse and Deutsche Bank agreed to finance the Hexion-Huntsman deal with a $15.35 billion debt package.
"They committed to finance this transaction in a very different environment," said John Rogers, an analyst at Moody's Investors Service.
If the deal goes through, the banks may record a substantial mark down, Rogers said.
Hexion said it would hold the banks to the original agreement.
"Hexion strongly disagrees with the banks' position and has advised them of their obligation to fulfill the financing commitment for the merger," Columbus, Ohio-based Hexion said in a statement. "While Hexion intends to meet and work with the banks today to try to complete the merger, if the banks do not fund their commitment, Hexion will vigorously enforce all of its contractual rights."
A Texas appeals court last week sided with Huntsman when it blocked efforts by the two banks to file lawsuits that could prevent the takeover. The banks said that allowing the buyout to go forward could render Hexion unable to pay off existing debts.
Hexion, an affiliate of private equity firm Apollo Management LP, tried to back out of the deal as recently as last month as Huntsman's financial condition worsened.
Huntsman sued, and a Delaware court ordered Hexion to try to complete the acquisition.
It has become increasingly difficult to arrange financing for mergers and acquisitions as the global credit crisis spreads.
"Banks are trying to conserve capital," said Bart Narter, a banking analyst at Celent. "(They) aren't looking to lend money to each other, let alone private equity."
Instead, financial institutions are working to shore up their balance sheets as the economy sours, he said.
In an attempt to nudge Credit Suisse and Deutsche Bank to fund the deal, both Hexion and Huntsman have put up more capital.
Apollo Management raised approximately $750 million, and Huntsman shareholders said Monday they would put up $217 million cash -- bringing their total commitment to $677 million -- if the deal closes.
BB&T Capital Markets analyst Frank Mitsch said the case will likely end up in New York courts, though Credit Suisse and Deutsche Bank "are not strangers to settling litigation."
"With the courts repeatedly ruling Huntsman's way, and as both parties continue to make financing concessions, we believe there are positive signs," he said in a note to clients.
Mitsch rates Huntsman as "Buy" with a 12-month price target of $28, implying he expects the stock to more than double in value from Monday's $12 close.
Shares of Huntsman rose 28 cents, or 2.3 percent, to $12.28 amid a broader market rally. Since the buyout was first announced on July 11, 2007, shares of Huntsman have dropped 56 percent.
Posted by invester on :
HUN has a ton of debt moving forward.
Posted by invester on :
Love the company though. You could easily see a $20 price tag even in this environment. Huntsman is a chemicals company. With Nat gas at $6 “Nat gas obviously being there feedstock” this is a steal.
Posted by invester on :
If somebody has the time, please post where every one of these stocks are after I called them. WAY UP. Some over 100%
Posted by invester on :
LVS called at $5, current $15!!!!!
Posted by invester on :
CHK called $13, current $22
Posted by invester on :
NYX Called $23 Current $30 AA Called $10 Current $11.50 FCX Called $23 current $29
Posted by invester on :
RIMM Called $48 Current $51 YHOO Called $12 Current $13
Posted by invester on :
ICE Called $58 Current $88!!!!!!
Posted by Free Muney on :
lol. good streak invester i am still watching cc.
what is your favorite right now?
Posted by invester on :
quote:Originally posted by Free Muney: lol. good streak invester i am still watching cc.
what is your favorite right now?
I still like LVS. They are on track for the opening of the Singapore casino. They did a secondary offering but they stock has fallen from $140-$4m now being $15. Should double very shortly. CHK will double as well.
Posted by invester on :
I think CC is a good play as well. They own a ton of real estate.
Posted by BuckeyeMatt on :
Yeah... maybe CC will do something like Target is doing with their real estate, creating a REIT. They do have a ton of value in their property.
Posted by BooDog on :
quote:Originally posted by invester: I think CC is a good play as well. They own a ton of real estate.
LOL, sounds like they are beginning to close stores after the going out of businuss sale for many stores on Wednesday.
Sure helps them save some costs in moving unwanted merchandise from store to store.
Posted by BooDog on :
still could make for some decent bounces.
Posted by Peaser on :
A cheap costing new Plasma TV would be nice.
Posted by BooDog on :
quote:Originally posted by Peaser: A cheap costing new Plasma TV would be nice.
Yep. Overwrote my post. Hate that so many will be losing jobs but keeping some cash available for some decent purchases will have its payoff. I think there will be more closings than were on the list. Just a matter of time imo.
Posted by invester on :
Bought 5000 CC at .19 and .20. Sold half at .41 and .42. No principal now.
Posted by SoAngel on :
quote:Originally posted by invester: I think CC is a good play as well. They own a ton of real estate.
"This isn't a surprise," JPMorgan analyst Christopher Horvers said of the bankruptcy filing, adding that the reorganization could help the company get out of leases for certain bad store locations.
Circuit City had also said last week that it would further cut back on new store openings and planned to work with landlords to renegotiate leases, lower rent or terminate agreements while it dealt with tightening credit from its vendors. Posted by invester on :
quote:Originally posted by invester: Bought 5000 CC at .19 and .20. Sold half at .41 and .42. No principal now.
As you can see, it was a good play, for me.
Posted by PCola77 on :
You still holding the half that you didn't mention selling? You commented that you took out your principle (and doing the math, it looks like you locked in a bit of profit as well), but did you get out of the rest, or did you get stuck holding the rest through the BK announcement?
quote:Originally posted by invester:
quote:Originally posted by invester: Bought 5000 CC at .19 and .20. Sold half at .41 and .42. No principal now.
As you can see, it was a good play, for me.
Posted by invester on :
Nice. I just found this thread. Look at where all the stocks are now. LVS called at $5, now $20 LoL.
Posted by oldseven on :
Yeh Investor - where you been? This is one pick I did not get into - of course.
Posted by invester on :
quote:Originally posted by oldseven: Yeh Investor - where you been? This is one pick I did not get into - of course.
Formed a corporation with my business partner to take advantage of the housing downturn in several cities. I've got allot of core positions that I'm holding, but don't have anywhere near the time to trade like I have been. The whole portfolio is up over 450% this year though. I'll have picks off and on though. Posted by invester on :
We'll be taking ours public via reverse merger "clean shell needed" within a year or so.
Posted by moose5150 on :
I hear BHWF is available
Posted by invester on :
quote:Originally posted by moose5150: I hear BHWF is available
LoL
Posted by oldseven on :
quote:Originally posted by invester:
quote:Originally posted by oldseven: Yeh Investor - where you been? This is one pick I did not get into - of course.
Formed a corporation with my business partner to take advantage of the housing downturn in several cities. I've got allot of core positions that I'm holding, but don't have anywhere near the time to trade like I have been. The whole portfolio is up over 450% this year though. I'll have picks off and on though.
MOST Excellent! Glad things are going great for you. We will be waiting for your future picks. Good Luck with your new business!
Posted by invester on :
quote:Originally posted by oldseven:
quote:Originally posted by invester:
quote:Originally posted by oldseven: Yeh Investor - where you been? This is one pick I did not get into - of course.
Formed a corporation with my business partner to take advantage of the housing downturn in several cities. I've got allot of core positions that I'm holding, but don't have anywhere near the time to trade like I have been. The whole portfolio is up over 450% this year though. I'll have picks off and on though.
MOST Excellent! Glad things are going great for you. We will be waiting for your future picks. Good Luck with your new business!
Posted by BooDog on :
Ten Big Companies That Are Veering Toward Bankruptcy Posted Sep 18, 2009 12:21pm EDT by Vincent Fernando and Joe Weisenthal in Investing, Media, Products and Trends, Recession Related: AMD, LVS, S, M, GT, MYL, HTZ From The Business Insider, Sept. 18, 2009:
Despite a few green shoots in the economy and a rocketing stock market, many large companies are still struggling to avoid bankruptcy.
A new report by Audit Integrity identifies some high-profile names "that have the highest probability of declaring bankruptcy among publicly traded firms."
Which companies appear the worst off? We took the list and removed any company with a market cap under $3 billion. We then ranked the remaining names by a simple measure of the market's perceived bankruptcy risk - Market Cap (MC) divided by Enterprise Value (EV). The less MC vs. EV, the less residual shareholders' value (above what debt holders can claim) the market is pricing-in for the company. Thus a lower MC/EV means the market thinks the company is more likely to go bankrupt.
1. Hertz
When you have tons of debt financing your fleet of cars, falling rental demand really hurts.
While the company raised new capital in May for some breathing room, Fitch and Moody’s actually cut their ratings for the company in July.
Ignoring the downgrade, shares kept rallying and are now at over five times the March $2 low. Best of luck.
Market Cap (MC)/Enterprise Value (EV) = 32%
2. Textron
What a tough time to be selling business jets.
Textron wrote down $2.3 in its backlog this year after it cancelled a new jet design, and demand for its other aircraft-related offerings has plummeted.
Shareholders may be heartened by the company’s ability to push back some debt maturities lately, but deteriorating credit quality at the company’s leasing arm makes the outlook uncertain at best.
MC/EV=39%
3. Sprint Nextel
Sprint Nextel is bleeding customers, and could lose as many as 4.4 million net post-paid subscribers this year.
This is a huge problem when you have large amounts of maturing debt over the next few years.
A recent Deutsche Telekom acquisition rumor offered some hope, but that appears to have faded. Facing a difficult road ahead on its own, the company better keep its lawyers on speed-dial.
MC/EV=41%
4. Macy's
Does anyone even shop at department stores anymore?
Same store sales will likely keep falling at Macy’s right through 2009. With $2.4 billion of maturing debt over the next five years, the company is trying to cut costs, and has already reduced its dividend.
Hopefully the US consumer will bounce back soon, and actually want to shop at Macy's.
MC/EV=47%
5. Mylan
In a classic case of management empire building, Mylan overpaid big time when it bought Merck’s generic business back in 2007 and is now stuck with $5 billion of long-term debt as a result.
From 2007 – 2008, the company lost over $1.3 billion very much due to goodwill write-downs.
While the company could earn $300 million this year, they’ll have to earn far more than that in the future to make their debt manageable.
MC/EV=51%
6. Goodyear
Demand for Goodyear tires has sunk, and the company is saddled with massive debt and pension obligations.
It doesn’t help that The United Steelworkers union prevents the company from proper cost control by forcing factories to stay open.
Shareholders have to wonder how much value will be left of the company after bondholders and the union members have their way.
MC/EV=53%
7. CBS
Weak advertising and falling license fees have sent CBS's earnings off a cliff in 2009.
If they remain depressed for too long, the company could have trouble refinancing $3.2 billion of debt coming due over the next five years.
It will really come down to whether or not CBS’s earnings collapse is merely cyclical, or the result of structural trend whereby traditional TV is dying.
As a business ****, we can't help but feel partly guilty here.
MC/EV=55%
8. Advanced Micro Devices
When will AMD actually make money again? The question is becoming more important by the day since it carries over $5 billion in long-term debt.
After losing almost $3 billion from 2007 – 2008, analysts expect the company to lose more money in 2009 and 2010.
While the shares rallied from their February $2 low, they still appear stuck in a long-term down trend from $40 highs way back in 2006.
MC/EV=55%
9. Las Vegas Sands
Las Vegas Sands over-expanded and over-levered in the last few years and now has over $10 billion in debt to deal with.
Despite jumping 13 times from their March low, Las Vegas Sands shares still face an uphill battle.
Conditions in Las Vegas are horrible, Asian expansion isn’t enough, and if this lasts too long then LVS will end up in bankruptcy court looking like it bit off more than it can chew.
MC/EV=60%
10. Interpublic Group
As one of the largest advertising and marketing companies in the world, IPG was slammed by the global recession.
As the company’s CEO said during recent second quarter results, the downturn “is proving steeper and more lasting than expected”.
Revenues have fallen double digits and the company’s exposure to General Motors as its largest client hasn’t helped.
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JPMorgan analyst Christopher Horvers said of the bankruptcy filing, adding that the reorganization could help the company get out of leases for certain bad store locations.