Seeking Alpha
  • Today - Wednesday, November 26, 2014

  • 3:34 AM
    • Harriet Green is stepping down effective immediately, two years after overhauling the company, to be replaced by COO Peter Fankhauser.
    • TC also warns growth pace will slow in 2015.
    • Shares rose 826% under Green's leadership. It reported EBIT of £323M this morning, in line with consensus.
    • Source: corporate website
    | 1 Comment
  • 2:12 AM
    • Discover (NYSE:DFS) is suing Visa (NYSE:V) over anti-competitive practices in its debit card business and is seeking compensation for lost profit.
    • While Visa's debit cardholders typically use a signature to authorize transactions, Discover's Pulse Network uses a PIN.
    • Discover is challenging a Visa rule that requires Visa signature debit card issuers to also include Visa's PIN services, which limits the competition of other PIN networks like Pulse.
    | Comment!
  • Tuesday, November 25, 2014

  • 6:16 PM
    • Steve Ortiz, Texas Roadhouse's (NASDAQ:TXRH) COO since 2004, will retire on Jan. 12. TXRH is "working on an agreement with Ortiz to become a franchisee in the San Diego area."
    • The steakhouse chain also announces Market Partner Doug Thompson has been promoted to the role of VP of operations.
  • 5:41 PM
    • In a new 13D, Carl Icahn discloses he now owns 49.3M Hertz (NYSE:HTZ) shares, up from a prior 38.8M and good for a 10.8% stake.
    • Icahn landed three Hertz board seats in September, and has backed its hiring of John Tague as CEO.
    • HTZ +2.3% AH
  • 5:14 PM
    • (NASDAQ:CTRP): Q3 EPS of $0.36 beats by $0.04.
    • Revenue of $347M (+37.8% Y/Y) beats by $11.3M.
    • Press Release
    | 1 Comment
  • 4:45 PM
    • Hoegh LNG Partners LP (NYSE:HMLP): Q3 Operating Income of $6.94M vs. $3.92M in 3Q13.
    • Revenue of $16.52M (+41.9% Y/Y).
    • Press Release
    | Comment!
  • 4:30 PM
    • Mecox Lane Limited (NASDAQ:MCOX): Q3 EPS of $0
    • Revenue of $13.07M (+23.1% Y/Y).
    • Press Release
    | Comment!
  • 4:17 PM
    • Books-A-Million (NASDAQ:BAMM): Q3 EPS of -$0.50
    • Revenue of $101.2M (+1.2% Y/Y).
    • Press Release
    | Comment!
  • 4:15 PM
    • TiVo (NASDAQ:TIVO): Q3 EPS of $0.06 misses by $0.01.
    • Revenue of $118.43M (+1.0% Y/Y).
    • Press Release
    | Comment!
  • 3:19 PM
    • Lululemon (LULU +3.8%) will open a men's store in New York on Friday.
    • The Athletica outlet in SoHo will be the company's first men's-only store.
    • What to watch: The development could raise the stakes of the Nike (NYSE:NKE) vs. Lululemon battle after the Swoosh opened its first-ever women's store last week.
  • 2:33 PM
    • Groveland Master Fund files notice with the SEC on its intention to challenge the slate of nominees for the board at Biglari Holdings (BH +0.3%).
    • Sardar Biglari has drawn criticism for excessive compensation and poor business decisions at the company.
    • Biglari Holdings owns the Steak N' Shake chain and has a sizeable stake in Cracker Barrel.
    • SEC Form 14A
    | 1 Comment
  • 1:40 PM
    • An exec with DirecTV (DTV +0.5%) says the company could integrate a partnership with a daily fantasy sports operator such as FanDuel or DraftKings into its NFL Sunday Ticket package.
    • The two daily fantasy leagues have shown explosive growth over the last couple of years
    • A fantasy initiative could help DirecTv offset the $1.5B per season that it will pay for Sunday Ticket beginning next season.
    | Comment!
  • 1:25 PM
    • Home Depot (HD -1.8%) discloses in a SEC filing that it faces 44 civil lawsuits in the U.S. and Canada stemming from the data breach.
    • The company also says it's facing investigations by some state and federal agencies.
    • SEC Form 10-Q
  • 1:12 PM
    • Dunkin' Donuts (DNKN -0.2%) announces it signed five new franchise agreements which will adds 63 more units to California.
    • The company now has 250 outlets in the state to reach a quarter of its long-term goal for 1K.
    | Comment!
  • 1:04 PM
    • Wedbush Securities thinks the latest developments at PetSmart (PETM +0.3%) give very limited upside potential for investors and a downside to below the $70 level.
    • A serious game of cat-and-mouse is currently underway between management and potential P-E buyers with PetSmart's recent cost-cutting plan a big part of the equation in handicapping a deal, notes the investment firm.
    • The wildcard in the mix is still Petco, although Wedbush rates a mega-merger in the pet supply store sector as less likely now.
    | Comment!
  • 11:36 AM
    • DineEquity (DIN -0.1%) is interested in a purchase of the Fazoli's chain, according to The New York Post.
    • Owner Sun Capital Partners has recently put the Italian chain up for sale, tip sources.
    • Fazoli's has 217 restaurant in 26 states and doesn't compete directly with the company's IHOP and Applebee's chains.
    | Comment!
  • 11:20 AM
    • Build-A-Bear Workshop (BBW +5.6%)rallies after Piper Jaffray issues positive comments on the retailer and reiterates an Overweight rating on the stock.
    • Management at Build-A-Bear is praised for product and marketing initiatives which have helped carry momentum into the holiday selling season.
    • Piper thinks a Build-A-bear cost rationalization plan will be unveiled in 2015.
    | Comment!
  • 11:06 AM
    • Post Holdings(POST +5.5%) gains after issuing its FQ4 report.
    • Though Post did manage to increase market share in the RTE cereal category during the period, overall demand in the U.S. for cereal is in a downward trend.
    • The company warned it expects the weakness in ready-to-eat cereal to continue into FY15.
    | 1 Comment
  • 10:32 AM
    • Mazda (OTCPK:MZDAY) recalls close to 100K Mazda6 sedans due to an issue with the tire pressure monitoring system.
    • The recall action covers Mazda6 cars from the 2014 and 2015 model years.
    | Comment!
  • 10:22 AM
    • Shares of Brown Shoe (BWS +6%) pop after the company comfortably tops earnings estimates with its Q3 report.
    • The company improved its operating margin by 90 bps Y/Y to 7.3% during the quarter as it lowered its SG&A expenses were held in check.
    • Strong demand in canvas helped to boost results.
    | Comment!
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