German ZEW Survey results Expected On Tuesday
TestThe German ZEW survey is due on Tuesday 16th January and is so far the most awaited news of the first two days of this week’s trading. There is a lot of optimism in play as recent stats also show
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Visa Inc. (NYSE:V) sees FY15 annual net revenue growth low double digits, consensus $13.86B; Strategic Hotels & Resorts, Inc. (NYSE:BEE), STRATTEC Security Corporation (Nasdaq:STRT)
By Arthur Greene
Visa Inc. (NYSE:V) sees FY15 annual net revenue growth low double digits, consensus $13.86B. Sees FY15:Annual net revenue growth: Constant dollar revenue growth of low double digits, with an expectation of two percentage points of negative foreign currency impact; Sees FY15: annual operating margin in mid-60's, tax rate in low 30's, annual free cash flow greater than $6B. V traded in the green and closed at $248.00 for the day. The stock saw a change of $1.64(0.67%) with a volume of 3,917,110 shares. V has a market cap of $155.81B.
Strategic Hotels & Resorts, Inc. (NYSE:BEE) acquires Montage Laguna Beach for $360.0M. Strategic Hotels & Resorts announced that it has acquired the 250-room Montage Laguna Beach from an affiliate of Ohana Real Estate Investors LLC for $360.0M, plus customary working capital adjustments. The company funded the acquisition, in part, through the issuance of 7,347,539 shares of common stock to an affiliated designee of the seller, priced at $13.61 per share, or an implied valuation of $100.0M. BEE is part of the financial sector in REIT - Hotel/Motel industry. The stock closed for the day at $13.80 with a change of $0.01 or 0.07%. BEE traded in a range of $13.69 to $13.86 through the day. The stock’s 52 week range is $8.89 to $14.26.
STRATTEC Security Corporation (Nasdaq:STRT) sees possible $15M-$17M loss if Chrysler skips shutdown. Strattec Security announced that since Chrysler (FCAU) are planning an extended downtime or shutdown from February 16 through May 24 for their Windsor, Canada Assembly Plant in preparation of their changeover to the production of the new Chrysler minivan, in the event this shutdown does occur for the time period previously announced, the shutdown is expected to result in lost power access and lockset product sales estimated to be between $15M-$17M. The closing for STRT was $74.51 at the day’s end. It was a change of $0.17. STRT saw a market cap of $261.75M and its Trailing P/E was 11.93.
Strategic Hotels & Resorts, Inc. (NYSE:BEE) acquires Montage Laguna Beach for $360.0M. Strategic Hotels & Resorts announced that it has acquired the 250-room Montage Laguna Beach from an affiliate of Ohana Real Estate Investors LLC for $360.0M, plus customary working capital adjustments. The company funded the acquisition, in part, through the issuance of 7,347,539 shares of common stock to an affiliated designee of the seller, priced at $13.61 per share, or an implied valuation of $100.0M. BEE is part of the financial sector in REIT - Hotel/Motel industry. The stock closed for the day at $13.80 with a change of $0.01 or 0.07%. BEE traded in a range of $13.69 to $13.86 through the day. The stock’s 52 week range is $8.89 to $14.26.
STRATTEC Security Corporation (Nasdaq:STRT) sees possible $15M-$17M loss if Chrysler skips shutdown. Strattec Security announced that since Chrysler (FCAU) are planning an extended downtime or shutdown from February 16 through May 24 for their Windsor, Canada Assembly Plant in preparation of their changeover to the production of the new Chrysler minivan, in the event this shutdown does occur for the time period previously announced, the shutdown is expected to result in lost power access and lockset product sales estimated to be between $15M-$17M. The closing for STRT was $74.51 at the day’s end. It was a change of $0.17. STRT saw a market cap of $261.75M and its Trailing P/E was 11.93.
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By Arthur Greene
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