Tag: the-acquisition

Jefferies & Co. Likes H&R Block’s Acquisition of TaxACT (HRB)

Filed in dividend, Gold, Gold Investing, shares by on October 14, 2010 0 Comments
Jefferies & Co. Likes H&R Block’s Acquisition of TaxACT (HRB)

Tax prep company H&R Block, Inc. ( HRB ) on Thursday was issued some positive comments from analysts at Jefferies & Co. regarding its recent acquisition of self-preparation software maker TaxACT. The firm said the acquisition “sends a clear message that HRB intends to continue to compete for share in this market, despite the cannibalization implications for its core store business. The transaction almost doubles HRB’s share of digital self-preparation filers, but it is possible that the move could be positive for market pricing dynamics over time.” H&R Block shares fell 29 cents, or -2.1%, in premarket trading Thursday. The Bottom Line We had removed shares of HRB from our “recommended” list Oct.6, 2008, when the stock was trading at $23.72. The company has a 4.38% dividend yield, based on last night’s closing stock price of $13.69. The stock has technical support in the $12-$14 price area. If the shares can firm up, we see overhead resistance around the $17 price level. We would remain on the sidelines for now. H&R Block, Inc. ( HRB ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Converge Global Inc. (CVRG.PK) is “One to Watch”

Filed in Gold, Gold Investing, Gold Prices by on October 11, 2010 0 Comments

Converge Global, Inc., a junior mining company, engages in the acquisition, exploration and development of mining properties in North America containing principally gold as well as other precious metals. Their strategy is to maximize shareholder value through aggressive acquisitions of exploration properties in politically stable and secure regions that maintain mining-friendly policies and administrations. The

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AT&T’s Time Square Hotzone – Analyst Blog

Filed in Gold Investing, Gold Prices, lead by on May 26, 2010 0 Comments

AT&T ( T ) has reportedly launched a pilot Wi-Fi (wireless broadband) project in Times Square, New York City, which will enable the residents and vistors to stay connected in one of the busiest places on the planet. Ma Bell has installed a massive Wi-Fi hotspot (“hotzone”) in the north-central part of Times Square to reduce the mobile data traffic congestion. The carrier continues to be challenged by serious traffic congestion as a result of high-bandwidth demand on its network due to excessive data usage by the iPhone customers. AT&T is making significant investments on 3G network infrastructure improvements across highly congested areas to offload traffic from its overcrowded network. The new hotzone will enable 32 million eligible AT&T customers Wi-Fi access using any compatible smartphone, 3G LaptopConnect card or high-speed Internet plan. The carrier plans to expand hotzones in other parts of the country that are affected by network congestion. AT&T boosted its Wi-Fi coverage with the acquisition of Texas-based Wayport Inc., a leading Wi-Fi service provider, in December 2008 for $275 million. Besides providing support for the carrier’s Wi-Fi enabled handsets (such as iPhone and BlackBerry), the acquisition increased its Wi-Fi hotspot counts in the U.S. AT&T is the undisputed leader in Wi-Fi in the US with more than 20,000 hotspots. The carrier currently has 125,000 hotspots globally. AT&T remains focused on expanding the number of Wi-Fi hotspots available to its customers and enhancing connectivity for its high-end smartphone users. AT&T is expanding its nationwide Wi-Fi coverage across venues such as hospitals, retail locations, restaurants, coffee shops, sport arenas and airports. Wi-Fi represents an important strategic opportunity for the operator, as the number of Wi-Fi enabled wireless handsets is expected to increase by 175% through 2011. Wi-Fi access for AT&T’s smartphone and integrated devices customers has dramatically increased in recent times. The carrier had 53 million Wi-Fi connections on its US network in the first-quarter 2010, representing a five-fold increase compared to 10.7 million a year ago. Roughly 69% of these connections were made from smartphone and integrated devices, up from 35% a year ago. AT&T’s aggressive Wi-Fi expansion strategy will further solidify its competitive position against its archrival Verizon ( VZ ) which has so far demonstrated a blasé attitude in this area.  Read the full analyst report on “T” Read the full analyst report on “VZ” Zacks Investment Research

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Denbury Stays Neutral – Analyst Blog

Filed in Debt, Gold Prices, shares by on May 26, 2010 0 Comments

We maintain our Neutral recommendation for Denbury Resources Inc. ( DNR ) shares following the completion of divestiture of assets acquired from its merger with Encore. As the company utilizes this amount to reduce its debt level and frees up available liquidity, flexibility to focus on its core tertiary oil operations will increase.   Plano, Texas-based Denbury is a growing exploration and production (E&P) company engaged in the acquisition, development, operation, and exploration of oil and natural gas properties in the U.S. Gulf Coast region. It is the largest oil and gas producer in Mississippi, with further properties in Louisiana, Alabama and Southeast Texas.   Denbury has a relatively low-risk business model. It produces oil by applying tertiary recovery techniques to mature the fields. Tertiary operations remain the company’s principal focus area. We believe that the company’s oil-centric (93% of its proved reserves is oil) niche business model and comfortable financial position will help it to maintain its growth profile.   Despite recent unfavorable sentiment, our medium-to-long term oil-price outlook remains positive. Denbury’s niche business model of extracting crude oil from mature fields using tertiary recovery methods turns out to be very valuable in this commodity-price outlook. We are concerned about the growing cost pressure on the company’s operations. In the first quarter of 2010, Denbury’s lease operating expenses (LOE) on a per BOE basis and total expenses were both increased by 29% from the year-earlier level. Read the full analyst report on “DNR” Zacks Investment Research

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NTRO, – NITRO Petroleum Must be on your Radar! – DrStockPick.com Watch List! for Monday May 17, 2010

Filed in Gold Prices by on May 16, 2010 0 Comments

DrStockPick.com Watch List! for Monday May 17, 2010 ******************* NTRO, NITRO Petroleum Inc., NTRO.OB More on NTRO NTRO is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. NTRO’s objective is to seek out and develop opportunities in the oil and natural gas sectors that

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NTRO, DrStockPick.com Watch List! for Monday May 17, 2010, NITRO Petroleum Inc.

Filed in Gold Investing, silver by on May 16, 2010 0 Comments

DrStockPick.com Watch List! for Monday May 17, 2010 ******************* NTRO, NITRO Petroleum Inc., NTRO.OB NTRO is an independent, energy company engaged in the acquisition, exploitation and development of oil and natural gas properties in the United States and Canada. NTRO is a unique oil and gas exploration company that identifies and develops reserves utilizing innovative techniques in

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Downgrading PNC to Neutral – Analyst Blog

Filed in earnings, economy, Gold Investing, lead, silver by on May 7, 2010 0 Comments

We are downgrading our recommendation on PNC Financial Services Group Inc. ( PNC ) to Neutral on concerns of weak loan demand in the near term.   PNC Financial has been experiencing a weak loan demand for the past couple of years. Commercial lending consists of 53% of the company’s loan portfolio while consumer lending covers the rest. Both businesses have witnessed a decline but commercial lending has suffered more. Though this trend eased somewhat at the end of 2009, given lower utilization levels for commercial lending among middle market and large corporate clients, we expect a weak loan demand and low utilization rates until the economy improves.  PNC Financial, already one of the leading bank wealth managers in the country, strengthened its position through the acquisition of National City in December 2008 and created significant growth potential in new high-net-worth and institutional markets. The acquisition has led to an increase in deposit base besides providing a larger distribution platform for cross-selling the company’s products and services.  The integration of National City is on track and has been accretive to earnings. Cost savings from the acquisition have been more than expected, and management expects further growth by expanding into new territories.   PNC Financial stands solid from the balance sheet perspective, with capital ratios exceeding the minimum required levels. The loan to deposit ratio of 84% as of Dec 31, 2009 testifies to a strong bank liquidity. Given the uncertain economic environment, management declared a dividend reduction during March 2009. The reduction added $766 million in 2009 and is expected to add approximately $1 billion in 2010 on an annualized basis to the company’s capital, further strengthening its capital ratios.  PNC Financial has been suffering from a deteriorating credit quality for the past couple of years. Increasing nonperforming assets, net charge-offs and provision for credit losses have restricted earnings. Though credit metrics have stabilized over the past few quarters, we believe an improvement here will take longer, given the sluggish economic recovery. Read the full analyst report on “PNC” Zacks Investment Research

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Downgrading PNC to Neutral – Analyst Blog

Filed in earnings, economy, Gold Prices, lead by on May 7, 2010 0 Comments

We are downgrading our recommendation on PNC Financial Services Group Inc. ( PNC ) to Neutral on concerns of weak loan demand in the near term.   PNC Financial has been experiencing a weak loan demand for the past couple of years. Commercial lending consists of 53% of the company’s loan portfolio while consumer lending covers the rest. Both businesses have witnessed a decline but commercial lending has suffered more. Though this trend eased somewhat at the end of 2009, given lower utilization levels for commercial lending among middle market and large corporate clients, we expect a weak loan demand and low utilization rates until the economy improves.  PNC Financial, already one of the leading bank wealth managers in the country, strengthened its position through the acquisition of National City in December 2008 and created significant growth potential in new high-net-worth and institutional markets. The acquisition has led to an increase in deposit base besides providing a larger distribution platform for cross-selling the company’s products and services.  The integration of National City is on track and has been accretive to earnings. Cost savings from the acquisition have been more than expected, and management expects further growth by expanding into new territories.   PNC Financial stands solid from the balance sheet perspective, with capital ratios exceeding the minimum required levels. The loan to deposit ratio of 84% as of Dec 31, 2009 testifies to a strong bank liquidity. Given the uncertain economic environment, management declared a dividend reduction during March 2009. The reduction added $766 million in 2009 and is expected to add approximately $1 billion in 2010 on an annualized basis to the company’s capital, further strengthening its capital ratios.  PNC Financial has been suffering from a deteriorating credit quality for the past couple of years. Increasing nonperforming assets, net charge-offs and provision for credit losses have restricted earnings. Though credit metrics have stabilized over the past few quarters, we believe an improvement here will take longer, given the sluggish economic recovery. Read the full analyst report on “PNC” Zacks Investment Research

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Medtronic Acquires Invatec – Analyst Blog

Filed in Gold Investing, lead by on April 26, 2010 0 Comments

Medtronic, Inc. ( MDT ) recently completed the acquisition of Invatec and two of its affiliated companies for an initial payment of $350 million and additional payments of up to $150 million based on Invatec’s achievement of specific milestones.   The two affiliated companies are Fogazzi, which provides polymer technology to Invatec; and Krauth Cardiovascular, which distributes Invatec’s products in Germany. Invatec is a developer of innovative medical technologies for the interventional treatment of cardiovascular disease.   The acquisition will boost Medtronic’s Cardiovascular business which will cater to the company’s top-line growth. Invatec has a broad portfolio of stents, angioplasty balloons and accessory products that match therapies and products in Medtronic’s Cardiovascular business.   Invatec is the first company to initiate the development and commercialization of lesion-specific solutions that include therapies for below-the-knee and carotid artery disease. It has been estimated that cardiovascular interventions is the world’s largest sector of the medical device market, generating $10 billion annually on a global basis. Within this category, peripheral vascular disease is a large and underserved market, currently estimated at $2 billion annually and growing faster than 10% per annum. The acquisition will enable Medtronic to increase its market share in the cardiovascular market segment.   Medtronic is one of the world’s leading medical technology companies, specializing in implantable and interventional therapy devices and products. The company’s closest rivals are Boston Scientific Corp. ( BSX ) and St. Jude Medical, Inc. ( STJ ).   Presently, we are ‘Neutral’ on Medtronic.     Read the full analyst report on “MDT” Read the full analyst report on “BSX” Read the full analyst report on “STJ” Zacks Investment Research

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Potential Reserves of 2 Billion Barrels of Crude Could be Waiting for ParaFin Corp. Stock-PR.com Reports

Filed in silver by on March 28, 2010 0 Comments

Stock-PR Reporting FREE Daily Stock Alerts From Stock-PR.com PFNO, ParaFin Corporation, PFNO.PK PFNO, a development stage company, engages in the acquisition and exploration of oil and gas properties. PFNO executed a farmout agreement to acquire the development rights to hydrocarbon concessions in the Republic of Paraguay. These concessions consist of 2,456,453 hectares (approximately 6,069,994 acres) in the

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PFNO, – DrStockPick.com Stock Report! – COLOSSAL! Potential Reserves of Black Gold Could be Waiting for ParaFin Corporation

Filed in Gold Investing by on March 27, 2010 0 Comments

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Saturday March 27, 2010 DrStockPick.com Stock Report! ************************************************************** PFNO, ParaFin Corporation, PFNO.PK PFNO, a development stage company, engages in the acquisition and exploration of oil and gas properties. PFNO executed a farmout agreement to acquire the development rights to hydrocarbon concessions in the Republic of Paraguay. These

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PFNO, – Potential Reserves of 2 Billion Barrels of Crude Could be Waiting for ParaFin Corp. – DrStockPick.com Stock Report

Filed in Gold Prices by on March 26, 2010 0 Comments

Dr Stock Pick HOT News & Alerts! _________________________________________ FREE Daily Stock Alerts From DrStockPick.com _________________________________________ Friday March 26, 2010 DrStockPick.com Stock Report! ************************************************************** PFNO, ParaFin Corporation, PFNO.PK PFNO, a development stage company, engages in the acquisition and exploration of oil and gas properties. PFNO executed a farmout agreement to acquire the development rights to hydrocarbon concessions in the Republic of Paraguay. These

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