Tag Archives: stock

The ‘Ice Effect’ boosts Scripps Networks

vanilla ice

Shares of Scripps Networks Interactive hit a 52 week high this week, just days after “Vanilla Ice Goes Amish” premiered on DIY Network, the Scripps home improvement cable channel.
Shares of the Knoxville-based lifestyle media company rose as high as $80.73 on Tuesday, before closing at $80.54 .
The stock had given back some of gain by mid day Wednesday, but SNI continues to trade well above the last closing price before the show’s Oct. 12 premiere.
Call it the “Ice Effect.”
In “Ice Goes Amish,” Robert Van Winkle, the rapper’s real name, lives and works with an Amish community in Ohio. The heavily tattooed reality TV star helps remodel a kitchen and build a barn, among other things.
Before you dismiss the power of the “Ice effect,” consider this:
Since Van Winkle’s first DIY show — the award winning “The Vanilla Ice Project” — premiered Oct. 14, 2010, Scripps shares have surged more than 70 percent.
Sure, other shows on other SNI cable channels have contributed to the company’s success. Scripps stable of celebrity chefs, gardeners and adventure travelers is plentiful.
But there is only one Ice.
Early reviews of the Van Winkle’s Amish adventure have been positive.
Here’s an excerpt from a review by Bloomberg Businessweek:
“Vanilla Ice Goes Amish isn’t so much an instructional show as it is a chance to watch a regular, 21st century person (who also happens to have dated Madonna) struggle with a stripped-down lifestyle. He doesn’t just renovate with the Amish, he dresses like they do, rides in their buggies, and farms with them, too. Clara Hershberger, the woman whose kitchen is remodeled in the first episode, is taken aback by Ice’s tattoos, piercings, and tendency to wear T-shirts emblazoned with his own name. The rapper tries to help her with the laundry but has no idea how to work the clothes wringer or hang things on the line outside to dry. “Celebrities never do their own laundry or anything?” Hershberger asks. Ice just laughs and shakes his head no. That’s one thing he won’t do himself. “
Click here for the full review.
Click here for “Vanilla Ice Goes Amish” videos

Health Management Associates insiders selling shares


With a new board voted in by Health Management Associates shareholders and a competitor ready to buy the company, HMA executives have been busy selling their shares in the Florida-based hospital operator.
HMA is the parent company of Knoxville-based Tennova Healthcare, which runs six hospitals in the Knoxville region.
Chief Financial Officer Kelley E. Curry, Senior Vice President-Finance Robert E. Farnham, and Senior Vice President and Controller Gary S. Bryant,are among those who have sold more than $11 million worth of shares in the past several days.
Curry was the big mover, selling more than 817,000 shares for more than $9 million from Aug. 16-Aug. 26.
HMA certified on Aug. 16 a shareholder vote to install a completely new board.
Franklin, Tenn.-based Community Health Systems announced July 30 that it would buy HMA for $7.6 billion, including assumption of debt.
Click here for Marketwatch report on stock sales
Click here for HMA’s announcement of new board.
Click here for Community Health’s purchase announcement.

Miller Energy announces stock offering, gas sales contract

It’s been a busy Monday for Miller Energy Resources.
The Knoxville-based oil and natural gas company announced that it intends to raise additional funds in a follow-on public stock offering.

It also announced that its wholly owned subsidiary Cook Inlet Energy has inked a new commercial gas sales agreement.

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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 raises $15.75M in stock sale

Oil and gas company Miller Energy Resources has completed a public preferred stock sale that raised $15.75 million.Miller_Energy02.jpg

The Knoxville-based company sold 685,000 shares at a price of $23 per share.

The 10.75 percent Series C Cumulative Redeemable Preferred Stock will trade on the New York Stock Exchange under the symbol MILLprC, Miller announced.

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Sccripps Networks Interactive stock hits new high

Scripps Networks Interactive stock appears ready to end the trading week with a new 52-scripps2_asb_13138.jpgweek high.

The Knoxville based lifestyle media company has been its share price move steadily higher in recent weeks and is trading over $62 today.

The company’s share price started the year around $43.

Scripps Networks portfolio of cable television networks and related websites includes HGTV, Food Network, Travel Channel, DIY Network, Cooking Channel and country music network Great American Country.

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Scripps Networks testing new 52-week high

Investors are rewarding Scripps Networks Interactive strong second quarter results.
The lifestyle media company’s stock is trading above its 52-week high today reaching as high as $58.64 before easing back to just below $58.

The Knoxville-based company said last week that earnings for the quarter rose to $142 million, or 93 cents per share, easily beating analysts expectations.

Scripps headlines:
The Street: Scripps Networks Interactive hits new 52-week high

Investors Business Daily: Scripps Networks Spins Products From Cable Shows

Full disclosure: I own a small number of SNI shares.

alyst expectations.


Scripps Networks spending another $1B on stock buyback

scripps2_asb_13138.jpgWhat would you do with a spare billion dollars?

Lifestyle media company Scripps Networks Interactive Inc. has the cash and will spend on a stock buyback plan.

The Knoxville-based company announced Tuesday its board has authorized an additional $1 billion to buy shares of the company’s stock.

It is the second straight year the company has earmarked $1 billion to repurchase shares. The previous buyback plan was completed at the end of June.

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Green Mountain merger target?


Is Green Mountain Coffee Roasters a merger target? If so, what does that mean for the company’s relatively new roasting and distribution plant in Knox County?

Green Mountain Coffee

Green Mountain Coffee

The maker of the Keurig single cup brewer system has seen its share price plunge from nearly $116 a few months ago to less than $18 today. As its stock has spiraled lower, talk of a takeover has increased.

Green Mountain expanded to Knoxville in 2008, investing millions in a distribution and production plant in Forks of the River Industrial Park, where it employs several hundred workers.


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