Tag Archives: shares

Scripps Networks Interactive adds $1B to share buyback

Scripps Networks Interactive headquarters

Scripps Networks Interactive headquarters

Scripps Network Interactive has added another $1 billion to its share repurchase plan and boosted its quarterly dividend.
The Knoxville-based lifestyle media company’s board approved the extra billion for the buyback plan Thursday, a day before the company’s releases its quarterly financial report.
The billion dollars is on top of the $647 million remaining in the previous share repurchase authorization as of Dec. 31, 2013, the company said.
The board also approved a dividend payment of 20 cents, an increase from 15 cents. The  dividend will be paid March 10 to shareholders of record on Feb. 28.
The company’s lifestyle media portfolio includes  television and Internet brands HGTV, DIY Network, Food Network, Cooking Channel, Travel Channel and Great American Country.
Shares of Scripps Networks shed 39 cents in Thursday trading to close at $77.44.
Scripps is expected to release its financial report before the market opens Friday.

Health Management takeover talk heats up

Update:Glenview Capital says it is not engaged in a hostile takeover. The company issued the following statement in response to this post:

“Glenview Capital Management has filed a consent solicitation in which they have nominated a new independent, slate of directors for the board at HMA. But they have in no way initiated steps for a hostile takeover”

Shares of Health Management Associates, parent company of Knoxville-based Tennova Healthcare, hit a 52-week high today on continued takeover talk.

By late afternoon, shares were up more than 9 percent to $16.89 with 11.3 million shares traded.

The Naples, Fla.-based company is the subject of a hostile takeover by Glenview Capital Management, which has been increasing its stake in the company.

Glenview could soon have some competition. Reuters reported today that Franklin, Tenn.-based Community Health Systems Inc. and other companies also have target HMA.

HMA officials aren’t commenting on the takeover buzz.

Click here for more from Reuters.

Green Mountain shares sizzle on Starbucks deal

Green Mountain Coffee Roasters shares are soaring today on
news of a renewed deal with coffee giant Starbucks.

Green Mountain Coffee

Green Mountain Coffee

Shares were up more than 24 percent at midday to $73.90.

Green Mountain has a sizable presence in Knox County with
about 900 employees and a roasting and distribution plant in Forks of the River
Industrial Park, according to the Knoxville Business Journal Book of Lists.

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Scripps Networks shares hits new 52-week high

Scripps Networks Interactive

Scripps Networks Interactive headerquarters in Knoxville.

UPDATE: SNI ends Monday trading at $66.89, a new closing high.

Shares of Scripps Networks Interactive hit a new 52 -week high
on Monday, trading at $67.19 by mid afternoon.

It’s previous high was $66.41.

Also Monday, RBC Capital Markets raised its price target for
the Knoxville-based lifestyle media company to $68, up from $66.

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New Ruby Tuesday CEO granted 600K shares

 

 New Ruby Tuesday President and CEO JJ Buettgen has been given nearly 600,000 shares of company stock as part of his compensation package, the Maryville-based restaurant chain said.

Ruby Tuesday

Ruby Tuesday

The award includes 497,546 shares of service-based restricted stock and 102,433 shares of “performance-based restricted stock assuming maximum performance is achieved,” according to a news release.

In addition, Buettgen was granted an option to buy more than 750,000 shares.

 

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Miller Energy shares poised to double?

Miller Energy Resources has taken its lumps from bloggers, websites and disgruntled Miller_Energy02.jpgshareholders who question the Knoxville company’s financial performance.

But today Miller caught a break with a positive piece on the financial website Seeking Alpha — perhaps because the authors have a long position on Miller.

Arvind Mallik and Jonathon Fite, Managing Partners of KMF Investments, suggest that Miller shares, are likely to double in value.

So far this year the oil and gas exploration and production company’s shares have increased from around $3 at the start if 2012 to $4.82 at mid afternoon today.

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Is buying Facebook stock a good idea?

f46296b17e1b890d0f0f6a70670043b3.jpgFacebook’s much-anticipated IPO is expected this Friday. Should you invest? Or is the smarter move to hang on to your money? 

Everybody has an opinion about investing in the social media goliath. Some experts say Facebook CEO Mark Zuckerberg is too young to run a major company — he turned 28 today. Others say Facebook is the biggest investment opportunity of all time.

Regardless of how you or your broker feel about the company, it will be one of the largest IPOs in history and it will make Zuckerberg and other Facebook executives even richer.

He’s a sample of what pundits from Wall Street to Silicon Valley are saying.

Yahoo Finance/ Breakout: The Right & Wrong Way to Buy Facebook

CNET: Everything you need to know about the Facebook IPO

PCmag: Facebook IPO Week: The Basics 

Forbes MoneyBuilder: Facebook IPO Approaching: Will You Buy Shares?

The Daily Ticker: Facebook IPO: Biggest Risks and Opportunities

CNBC: Quiz: What’s Your Facebook IQ

Photo: In this Feb. 5, 2007 file photo Facebook CEO Mark Zuckerberg smiles in his office in Palo Alto, Calif.

 

 

Analysts bearish on Scripps Networks Interactive

Shares of Scripps Networks Interactive have climbed from $43 at the first of the year to about $51 today, not far from their 52-week high.

But analysts have in recent days “become increasingly bearish” on the Knoxville-based lifestyle media company which will report first quarter earnings on Thursday, according to Forbes.com.

Analysts are now expecting earnings of 60 cents per share – down 3.2 percent from a year ago.

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Real estate key for Ruby Tuesday

Ruby Tuesday shares are within sniffing distance of their 52-week low, but not all market watchers are worried.

Ruby Tuesday

Ruby Tuesday

Writing for TheStreet.com, Jonathan Heller, president of KEJ Financial Advisors, says the Maryville-based restaurant chain deserves watching despite its recent bad earnings report.

Among other positives, Heller notes that RT owns considerable real estate.

“This is no small chain, with about 825 locations, 740 of which are company operated. But the kicker here is that the company owns the land and building for 368 locations and building only for another 250. That’s a potentially interesting portfolio of commercial real estate, especially considering the company’s current $730 million enterprise value. At current levels, shares also trade at just 0.76x tangible book value.”

Here’s Heller’s full report: Hello Ruby Tuesday

Ruby Tuesday expected to report loss

 

Ruby Tuesday

Ruby Tuesday

Restaurant chain Ruby Tuesday Inc. reports earnings today after the markets close. According to a Motley Fool report, analysts expect the Maryville-based company to report an increase in revenue, but a loss of about 6 cents per share.

ALCOA

ALCOA

Aluminum company Alcoa Inc., which has a major manufacturing plant in Blount County, reports Monday. Analysts expectations are mixed. Alcoa is traditionally the first of the major companies to release its quarterly report.

 

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