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Analysts follow potential takeover/leveraged buyout (LBO) targets because when a company announces that it is being taken over, its stock price usually jumps to reflect the takeover premium being paid. This usually is a very profitable event for shareholders.

We compiled a list of potential takeover/LBO targets from various sources including CNN Money and Minyanville, and then screened for those with encouraging sales trends relative to accounts receivable.

Receivables represent the portion of revenue not yet collected, so the smaller the portion of revenue the better.

We screened for companies seeing faster growth in revenue than accounts receivable year-over-year, as well as receivables comprising a smaller portion of current assets over that time period.

‪Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the stocks mentioned below. Analyst ratings sourced from Zacks Investment Research.‬

Do you think these companies are likely takeover candidates? Use this list as a starting point for your own analysis.

1. American Electric Power Co., Inc. (AEP): Engages in the generation, transmission and distribution of electric power to retail customers. Takeover/LBO rumor sourced from Wall St. Cheat Sheet. Revenue grew by 0.29% during the most recent quarter ($3,444M vs. $3,434M y/y). Accounts receivable grew by -18.47% during the same time period ($1,885M vs. $2,312M y/y). Receivables, as a percentage of current assets, decreased from 46.09% to 45.07% during the most recent quarter (comparing three months ending 2011-12-31 to three months ending 2010-12-31).

2. Biogen Idec Inc. (BIIB): Develops, manufactures and markets therapeutics in the areas of neurology, immunology, hemophilia and oncology in the United States and internationally. Takeover/LBO rumor sourced from Minyanville. Revenue grew by 8.83% during the most recent quarter ($1,326.71M vs. $1,219.07M y/y). Accounts receivable grew by -1.04% during the same time period ($831.23M vs. $839.99M y/y). Receivables, as a percentage of current assets, decreased from 33.07% to 27.94% during the most recent quarter (comparing three months ending 2011-12-31 to 3 months ending 2010-12-31).

3. Cerner Corporation (CERN): Designs, develops, markets, installs, hosts and supports healthcare information technology, healthcare devices and content solutions for healthcare organizations and consumers worldwide. Takeover/LBO rumor sourced from Seeking Alpha. Revenue grew by 23.08% during the most recent quarter ($615.63M vs. $500.2M y/y). Accounts receivable grew by 18.1% during the same time period ($563.21M vs. $476.9M y/y). Receivables, as a percentage of current assets, decreased from 41.61% to 37.49% during the most recent quarter (comparing 13 weeks ending 2011-12-31 to 13 weeks ending 2011-01-01).

4. Energy XXI (Bermuda) Limited (EXXI): Engages in the acquisition, exploration, development and operation of oil and natural gas properties onshore in Louisiana and Texas and offshore in the Gulf of Mexico. Takeover/LBO rumor sourced from Seeking Alpha. Revenue grew by 95.79% during the most recent quarter ($340.58M vs. $173.95M y/y). Accounts receivable grew by 28.49% during the same time period ($170.56M vs. $132.74M y/y). Receivables, as a percentage of current assets, decreased from 68.15% to 59.51% during the most recent quarter (comparing three months ending 2011-12-31 to 3 months ending 2010-12-31).

5. Jabil Circuit Inc. (JBL): Provides electronic manufacturing services and solutions in the Americas, Europe and Asia. Takeover/LBO rumor sourced from Seeking Alpha. Revenue grew by 5.99% during the most recent quarter ($4,326.77M vs. $4,082.18M y/y). Accounts receivable grew by -6.19% during the same time period ($1,141.04M vs. $1,216.31M y/y). Receivables, as a percentage of current assets, decreased from 26.3% to 21.46% during the most recent quarter (comparing three months ending 2011-11-30 to 3 months ending 2010-11-30).

6. RadioShack Corp. (RSH): Engages in the retail sale of consumer electronic goods and services through its RadioShack store chain and kiosk operations. Takeover/LBO rumor sourced from CNN Money. Revenue grew by 5.89% during the most recent quarter ($1,386.9M vs. $1,309.8M y/y). Accounts receivable grew by -4.48% during the same time period ($360.6M vs. $377.5M y/y). Receivables, as a percentage of current assets, decreased from 21.22% to 19.89% during the most recent quarter (comparing three months ending 2011-12-31 to 3 months ending 2010-12-31).

*Accounting data sourced from Google Finance, all other data sourced from Finviz.

Source: 6 Takeover / LBO Targets With Positive Receivable Trends