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Analysts React to Elliott Associates $19 Offer to Acquire Riverbed Technology
Thursday, January 9, 2014 - 6:11pm | 449Following Elliott Associates offer to acquire Riverbed Technology (NASDAQ: RVBD) for $19 a share, several analysts published research reports. Related: Elliott Associates Launches $3 Billion Tender Offer For Riverbed Technology Jefferies: Negative view of Riverbed business, but that no longer...
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Gabelli: Weatherford's Tax Restatement
Wednesday, February 22, 2012 - 11:12am | 108According to a research report published earlier today by Gabelli, Weatherford International (NYSE: WTS) reported an operationally successful 4Q. In the report, Gabelli noted other happenings: “Management concluded that it has not remediated its previously disclosed material weakness in internal...
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Gabelli: Watts Water Reports Solid 4Q11 Results
Wednesday, February 22, 2012 - 11:11am | 148According to a research report published today by Gabelli, Watts Water Technologies' (NYSE: WTS) sales increased 14% YOY, and EPS was in-line with expectations. Gabelli said in the report, “In January 2012, WTS announced price increases on selected products in the wholesale distribution channel to...
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Gabelli Attends Intl. Speedway's Hollywood Casino Project Tour
Wednesday, February 22, 2012 - 11:10am | 121In a research report published today, Gabelli visited International Speedway Corp.'s (NASDAQ: ISCA) Hollywood Casino project, and estimated that the casino will generate $25-30 million of EBITDA for each partner in 2013. Gabelli further commented, “While there have been no “synergy” discussions,...
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UPDATE: Gabelli Downgrades Genuine Parts
Wednesday, February 22, 2012 - 11:09am | 140According to a research report published earlier today, Gabelli has downgraded Genuine Parts Company (NYSE: GPC) from Buy to Hold on valuation. In the report, Gabelli explained, “We hold management in high regard and view the company as a strong free cash flow generator with a consistent history...
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Gabelli: Dana's Commercial Vehicle Strategy is Gaining Momentum
Wednesday, February 22, 2012 - 11:09am | 113According to a research report published today by Gabelli, Dana Holding Corporation (NYSE: DAN) posted in-line 4Q adjusted EPS. Gabelli said in the report, “Dana continues to offer among the best risk/reward profiles in our universe. Despite strong share performance early in 2012, shares still...
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Gabelli: CH Energy to be Acquired by Fortis
Wednesday, February 22, 2012 - 11:08am | 117According to a research report released today by Gabelli, CH Energy Group (NYSE: CHG) announced yesterday that it will be acquired by Fortis Inc. (TSE: FTS) for $65 per share. “The transaction is expected to close in the first quarter of 2013 upon approval from CHG shareholders, the New York...
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Gabelli: A.H. Belo's 2012 Guidance Muted by Investment Spending
Wednesday, February 22, 2012 - 11:08am | 123In a recent reseach report published by Gabelli, A.H. Belo (NYSE: AHC) is guiding toward adjusted EBITDA of $37-41 million. Gabelli commented in the report, “Despite improving trends, the stock declined $0.53 per share to close at $5.16, reflecting lower EBITDA guidance stemming from increased...
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Gabelli Upgrades AngioDynamics to Hold
Wednesday, February 1, 2012 - 11:39am | 102Gabelli raises its rating on AngioDynamics (NASDAQ: ANGO) to Hold as the company announces accretive deal to acquire Navilyst Medical for $372 million in cash and stock. Gabelli comments, "Overall we think this is a strategic and accretive deal for ANGO. This deal also more than offsets the loss...
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Gabelli Has Buy on Autoliv
Wednesday, October 26, 2011 - 3:10pm | 87Gabelli is out with a research report on Autoliv (NYSE: ALV) and it has a Buy rating on shares. In a note to clients, Gabelli writes, "We are raising our EPS estimate for FY11 by $0.25 to $7.00 on better than expected SG&A leverage as well as a stronger operating margin for 4Q. Meanwhile, we...
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Gabelli Maintains Hold on IDEX
Thursday, October 20, 2011 - 9:28am | 83Gabelli is out with its report today on IDEX (NYSE: IEX), maintaining Hold. In its report, Gabelli writes, "4Q11 EPS guidance of $0.60-$0.63 p.s. were slightly less than expected on a lower rate of 30%. However, the full year EPS guidance of $2.51-$2.54 p.s. were better than expected due to the...
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Gabelli Maintains Hold on Supervalu
Thursday, October 20, 2011 - 9:23am | 85Gabelli is out with its report today on Supervalu (NYSE: SVU), maintaining Hold. In its report, Gabelli writes, "Hold. SVU shares trade at 4.3x and 5.3x our fiscal 2013P (2/13) EPS and EBITDA of $1.45 and $1.8 billion, respectively. We are encouraged by sequential improvement in ID sales and...
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Gabelli Maintains Buy on Wynn Resorts
Thursday, October 20, 2011 - 9:15am | 103Gabelli is out with its report today on Wynn Resorts (NASDAQ: WYNN), maintaining Buy. In its report, Gabelli writes, "We estimate WYNN will generate $5.3 billion in revenue and $1.7 billion of EBITDA in FY2011. At current levels, WYNN is trading at 10x our 2012 EBITDA and 24% discount to our 2012...
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Gabelli Maintains Buy on WisdomTree Investments
Tuesday, October 18, 2011 - 9:38am | 73Gabelli is out with its report today on WisdomTree Investments (NASDAQ: WETF), maintaining Buy. In its report, Gabelli writes, "We are maintaining our 2011E, 2012P earnings estimates of $0.03 and $0.14 per share, respectively. Potential dilution from the offering is less than 1%. We continue to...
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Gabelli Maintains Buy on Coca-Cola
Monday, October 10, 2011 - 9:00am | 99Gabelli is out with its report today on Coca-Cola (NYSE: KO), maintaining Buy. In its report, Gabelli writes, "Although currency fluctuations add volatility to KO's earnings we continue to recommend purchase of shares. As the global beverage leader, we believe KO is well positioned to continue...