Seeking Alpha
  • Friday, November 21, 2014

  • 6:52 PM
    • Netflix (NASDAQ:NFLX) has landed the rights to Unbreakable Kimmy Schmidt, a new Tina Fey/Robert Carlock comedy about a doomsday cult survivor living in NYC, for two seasons. The show's first season (13 episodes) arrives in March.
    • The show, originally set to be aired by NBC, is the first one made by Fey and Carlock since 30 Rock. Several other 30 Rock vets are also on board.
    • Recent Netflix deals: Between, Adam Sandler, The Weinstein Company
    | 1 Comment
  • 4:53 PM
    • JD.com (NASDAQ:JD) has filed to sell the shares on behalf of existing holders, ahead of a lockup expiration expected around Dec. 5.
    • CNBC recently observed six early JD investors collectively own 620M shares. JD sold only 108M (7.8% of outstanding shares) through its IPO.
    | 1 Comment
  • 2:50 PM
    • Canadian firm Fiera Capital Corp. discloses a 7.84% stake in Performance Sports Group (PSG +1.2%).
    • SEC Form 13G
    | Comment!
  • 2:20 PM
    • Visa (V +0.7%) says it may have to pay as much as $10B to acquire Visa Europe if the financial institutions that own the company exercise their options.
    • The buyout liability was previously disclosed by Visa as a potential "several billion or more" dollar hit.
    • SEC Form 10-K
    | 1 Comment
  • 2:06 PM
    • Dish Network (DISH +1.6%) signs a contract extension with Time Warner (TWX -0.5%) to end the blackout of CNN, TruTv, Cartoon Network, and other Turner properties on its slate of programming.
    • The dispute between the media companies was a little bit nastier than most carriage fee tussles with more than a few shots traded (and landed) during the recent round of conference calls.
    • Media analysts think Dish is a little bit more antagonistic than normal with its slimmed-down OTT product expected to launch by the end of the year.
    | 1 Comment
  • 1:16 PM
    • Ford (F -0.1%) announces that the 2015 F-150 will deliver 26 mpg on the highway and 19 mpg in the city for the version featuring the 2.7-liter EcoBoost 4x2 engine.
    • The fuel economy for the aluminum-bodied F-150 tops the estimated rating on similar versions of the 2015 Chevy Silverado, 2015 Toyota Tundra, and 2015 Ram - although it's worth noting the 3.5-liter F-150 has a fuel economy rating below the 2015 Ram 3-liter EcoDiesel V6.
    • The new F-150 2,7-liter EcoBoost version is also listed at 325 horsepower with a maximum towing capability of 8.5K pounds.
    | 39 Comments
  • 12:55 PM
    • Scientific Games (NASDAQ:SGMS) announces it completed the merger with Bally Technologies.
    • The company says Derik Mooberry will be the Group CEO of Gaming and James Kennedy will have the top job with the Lottery part of the business.
    | Comment!
  • 12:51 PM
    • HBO (NYSE:TWX) CEO Richard Plepler tells CNBC (video) that the new standalone online HBO product won't destroy the company's relationships with pay-TV operators or cannibalize subscriber totals.
    • Plepler stays on script to maintain that the new streaming HBO service will capture "new" subscribers - meaning cord-cutters and cord-nevers - the company thinks were never going to jump into a bundled package anyway.
    • The crucial decision on pricing will be determined later.
    | 3 Comments
  • 12:23 PM
    • JPMorgan has upgraded Sony (NYSE:SNE) to Overweight. The firm thinks phone/TV weakness is priced in at current levels, and sees potential upside for Sony's financial services ops.
    • Deutsche upgraded Sony on Tuesday, after the company provided market-pleasing targets for its film/TV and music ops.
    | Comment!
  • 11:42 AM
    • Peak Resorts (NASDAQ:SKIS) opens for trading with a small dip below its $9 IPO pricing.
    • The last trades for the ski operator went off at $8.81.
    • SEC Form S-1
    | Comment!
  • 11:38 AM
    • Perry Ellis (PERY +0.9%) indicates it will reject the pleas of institutional shareholders to explore a sale as it remains committed to an internal plan to grow profitability.
    • The list of potential bidders for the apparel seller included Sequential Brands, Authentic Brands, and Sycamore Partners with some informal +$30 per share offers reported to have been offered up.
    • Execs wouldn't give any insight into buyout speculation during the conference call yesterday.
    • Earnings call transcript
    | Comment!
  • 11:12 AM
    • Disney (DIS) expands an existing partnership with Shanghai Media Group to include more production ventures.
    • Plans include more TV and film content designed exclusively for audiences in China.
    • Shanghai Media Group operates over 50 TV channels in the region.
    | Comment!
  • 10:50 AM
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  • 10:26 AM
    • The resignation of Sotheby's (BID +9.4%) CEO William Ruprecht is putting a charge into shares.
    • The departure of the exec was highly anticipated with the old-world art culture of Ruprecht's tenure clashing with the hedge fund mentality of Sotheby's stakeholder Daniel Loeb.
    • Ruprecht's exit was probably sealed when a leaked e-mail indicated he called Loeb "scum" to a colleague.
    • Some analysts think Loeb will try to take Sotheby's private.
    | Comment!
  • 10:18 AM
    • Flower Foods (FLO +1.4%) announces it increased its share repurchase allowance by 7.1M shares to 15M shares.
    • On a side note, the company says there are more benefits coming from the acquisition of bread assets from Hostess Brands.
    | 1 Comment
  • 10:11 AM
    • Shares of Hibbett Sports (HIBB +7.2%) rally after the company reports Q3 earnings.
    • The company's 0.6% comp didn't dazzle, but a lift in EPS guidance for the full year indicates a stronger Q4 is expected.
    • Execs noted the early rush of cold weather sets up November sales to exceed expectations.
    • Previously: Q3 results, Q3 highlights
    | Comment!
  • 10:05 AM
    • The NY Post reports Amazon (AMZN +1.7%) will launch an ad-supported video service next year that won't require a Prime subscription. "The main point is to bring in more users that you can eventually up-sell to Prime, or to get to a broader audience that doesn’t want to pay for Prime," says a source.
    • The WSJ reported in March Amazon was prepping a free/ad-supported streaming service, but Amazon quickly denied it had plans to do so. The Post's sources state roughly half of Amazon's Prime subscriber base (recently estimated by RBC to total 40M-50M) uses Prime Instant Video.
    • Netflix (NFLX -0.7%) is off slightly on a morning the Nasdaq is up 0.7%. The company (37M U.S. subs, 53M globally) has long been contending with ad-supported streaming services from Hulu and others.
    • Yesterday: Amazon reportedly prepping travel service
    • Update: An Amazon spokeswoman says the company hasn't "announced any plans" for an ad-supported services, but adds it's "often experimenting with new offers and experiences for customers."
    | 6 Comments
  • 9:54 AM
    • Natural Grocers (NGVC +16.5%) trades higher after William Blair ups its rating to Outperform.
    • The company increased EBITDA by 22.5% in Q3 off of a comp sales gain of 3.7%.
    | Comment!
  • 9:50 AM
    • Shares of Foot Locker (FL -0.2%) have turned lower after enjoying a brisk post-earnings rally in the premarket session.
    • It's not clear what spooked traders as the read from Foot Locker during the earnings call on November sales was largely favorable with execs saying the Michael Jordan Retro and Kyrie Irving shoe lines are selling well.
    • Earnings call webcast
    | Comment!
  • 9:39 AM
    • Theme park operators see the need to dramatically increase the use of videogame experiences at their parks in order to entice teenagers away from their Xbox and PlayStation environments.
    • The concept of "immersion" will be added to many rides with 3-D backdrops, animatronics, and more chances to blast zombies.
    • Related stocks: SIX, FUN, SEAS, DIS, CMCSA, PLAY.
    | Comment!
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