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[ April 30, 2016 | Author: Admin | Views: 53507 | Weather: | Mood: normal]

Summary Macerich rejected a bid from Simon, entered into joint ventures to highlight its cap rate potential, and has the operating business running nicely. The problem is that after all that, there doesn’t seem much left to budge the market off its valuation. With cost savings near or at an end, and occupancy over 96%, there’s little left to drive above-market profit growth. At over 18x FFO, and with a dividend yield still below 4%, the stock looks reasonably priced – but hardly compelling. In November 2014, Simon Property Group (NYSE:SPG) disclosed a 3.6% stake in Macerich (NYSE:MAC), and since then, trading in MAC’s shares consistently has been impacted by Simon’s gambit. Through late 2014 and early 2015, shares would spike off SPG-related rumors, and eventually, a $91 per share offer from Simon in March raised to $95.50 a few weeks later. To the dismay of many shareholders, Macerich would … Continue reading

[ April 30, 2016 | Author: Admin | Views: 12134 | Weather: | Mood: normal]

Looking for another way to lower the price of your next car? Order a custom-built car from the factory, using a dealer as a conduit for the sale and delivery. Many Europeans purchase cars this way. But it’s less common in the U.S., where dealerships tend to stock their lots with vehicles crammed with “popular” option packages, some of which tack on costly extras that you may not want or need. See Also: How to Get the Best Deal on a New Car in 2016 A case study: Subaru’s popular Outback wagon. Subarus on average sell after just 19 days on the lot, the quickest turnaround in the business. Outbacks move even more quickly, in just 14 days. That makes it tough to find a version with specific option packages, especially Subarus high-tech Eyesight systema package that includes adaptive cruise control, lane-departure warning and precollision brakingavailable on Premium models starting … Continue reading

[ April 29, 2016 | Author: Admin | Views: 17493 | Weather: | Mood: normal]

Citigroup’s Robyn Karnauskas and team sums up the latest IMS data on Gilead Sciences’ (GILD) hepatitis-C drugs: Gilead Sciences IMS released data for the week ending 3/4/2016 this AM. GILD HCV continues to hold ground at 94% share… GILD HCV: franchise was slightly down w/w in terms of new starts and holds 94% share among the new patients. We are in week #5 of new competition launch. However, new pt. starts are tracking 3% below last Q (QTD). Total scripts are tracking ~9% below last Q and pointing to 1Q16 sales at $2.16B vs. est. and $2.46B consensus. VA sales are a big unknown as lack of budget impacted Q415 sales. We do not think IMS fully captures VA sales and their annual budget of $1.5B (for HCV) could be the differentiating factor. In Q415, IMS projected volume decline of 10% but actual decline was 27% due to lower VA … Continue reading

[ April 29, 2016 | Author: Admin | Views: 27492 | Weather: | Mood: normal]

AP United Continental (UAL) is todays high flyer in the Dow Jones Transportation Average, rising almost 3.5%. MarketWatch reports that the U.S. air carrier revealed in a SEC filing late yesterday that to plans to buyback $1.5 billion in common stock during the first quarter of 2016. Thats roughly twice the size of the repurchase it initially planned. Analysts at Wolfe Research had this to say on the matter: It is obvious there is a newfound sense of urgency at UAL, which we could clearly see when we went out there two weeks ago with investors. CEO Oscar Munoz was fired up about making changes not only by bringing in fresh blood, but creating a sense of urgency and transforming UAL into a meritocracy where people get promoted based on merit, not familiarity. He obviously didnt signal this buyback but he pointed to his track record at CSX as an … Continue reading

[ April 29, 2016 | Author: Admin | Views: 69160 | Weather: | Mood: normal]

Each major index went in a different direction today. The Dow Jones Industrial Average ended up 21.23 points or 0.12%, the Nasdaq slid 39.66 points or 0.80%, and the S&P 500 was essentially flat. The Dow and the S&P both ended the week in positive territory, however, and are within 2% of their all-time highs, reached last May. Michael Nagle/Bloomberg News The Dow and S&P 500 were helped by oil, which rose Friday, along with major energy stocks. However, investors are still weighing whether or not economic growth can spur indexes past their spring 2015 highs. Next week the Federal Reserve will hold a two-day meeting on Tuesday and Wednesday. Stifels Chief Economist Lindsey Piegza writes that without a press conference and updated data, investors will have to parse the FOMC statement alone for clues about the central banks thinking: Hot Trucking Companies To Buy For 2016: International Business Machines … Continue reading