Archive for November 10th, 2009

Options Alert in Terra-Agrium-CF Merger Saga (TRA, CF, AGU)

Terra Industries Inc. (NYSE: TRA) is seeing a lot of options action today with 17,164 calls trading as of 2:00 PM EST, and 45% offer side buying with shares at $35.65.  Interestingly enough, a trader bought 5,000 November $40 calls at 35 cents on a 25-40 spread, a bullish bias.  Another large buyer of December [...]

Stock/Volume Alert Seen in Brocade (BRCD)

Brocade Communications Systems, Inc. (NASDAQ: BRCD) saw its shares make a fairly decisive move higher today after 1:00 PM EST.  While shares did peter out and have backed off highs, Brocade’s stock just gave a volume alert at 22 million shares versus a 20 million shares per day average.  Earnings are on November 24, but [...]

Entertainment Properties Slammed on Secondary (EPR)

Entertainment Properties Trust (NYSE: EPR) is getting hit after the company announced last night that plans to file a supplement to its shelf registration statement with the SEC for a public offering of 4,500,000 of common stock.  J.P. Morgan and RBC Capital Markets Corporation are the joint book running managers, with Citigroup, Barclays, KeyBanc Capital [...]

Brookdale Clipped on Larger Fortress Sale (BKD, FIG)

Brookdale Senior Living Inc. (NYSE: BKD) is getting clipped a bit this morning after the senior housing player priced a 16.55 million common share secondary offering at $16.00 per share.  The deal is being sold by certain funds managed by affiliates of Fortress Investment Group LLC (NYSE: FIG), and represents an increase of 5,550,000 shares [...]

JA Solar Shining (JASO)

JA Solar Holdings Co. Ltd. (NASDAQ: JASO) managed to turn a profit as earnings were $17.3 million, or $0.10 EPS, compared to a loss a year ago of some $18 million or -$0.36 EPS.  Revenue was $193.3 million, but Thomson Reuters estimates were $0.03 EPS on $136.23 million in revenues.  This quarter was also JA [...]

Sun Sort of Holds Up Despite EC Protest (JAVA, ORCL, IBM)

Sun Microsystems Inc. (NASDAQ: JAVA) and its $9.50 per share buyout by Oracle Corp. (NASDAQ: ORCL) may be further in jeopardy after the Europeans have now officially voiced some concern over the deal.  The EC believes that this combined company will have too much market share in the MySQL server software industry. This is a [...]

Standard Parking Secondary Offering Smackdown (STAN)

Standard Parking Corp. (NASDAQ: STAN) is trading lower this morning after reports came out last night that the company has a 6.59 million share secondary offering of common stock that  priced at $16.00 after closing at $16.93 on Monday.  The stock is being sold by holders and the deal was sold through Credit Suisse and [...]

Activision Blizzard Loving Modern Warfare (ATVI)

Activision Blizzard, Inc. (NASDAQ: ATVI) is up this morning in the very early pre-hours trading.  The volume may seem small, but the hype is there over the new “Call of Duty: Modern Warfare II” launch that started at midnight.  There were lines and sellouts at many store locations as this is expected to do about [...]

Priceline Surging to Multi-Year Highs (PCLN) Incorporated (NASDAQ: PCLN) rose in last nights after-hours after beating its earnings targets and raising guidance.  This traded over 1 million shares in the after-hours session last night and went out at $187.90 after a $173.73 closing bell.  This morning shares are up 9.4% from the close at $190.10 on almost 30,000 shares as [...]

Reality Sets In At Electronic Arts (ERTS)

Electronic Arts Inc. (NASDAQ: ERTS) rose despite some mixed reports.  The video game giant posted non-GAAP earnings at $0.06 EPS on $1.15 billion in revenues versus Thomson Reuters consensus estimates of $0.07 EPS and $1.13 billion in revenues. EA reported more cost reductions and will close several facilities and make job cuts of 1,500 by [...]