[at MarketWatch] - Fortress Investment Group executives sold stock last week to cover the cost of taxes triggered by vesting of restricted stock awards.
[at MarketWatch] - The market may be down, but there are plenty of great buys out there, says Hilary Kramer, editor of GameChangers stock newsletter. She recommends small banks, IPOs other than GM, and M&A targets.
The following is a list of undervalued stocks, when comparing Monday's close to the average analyst target price (i.e. discount to analyst fair value). All of these stocks have market caps north of $1.0B, and have seen significant institutional inflows over the last 3 months.
The smart money seems to think these stocks are undervalued. What do you think? Institutional data sourced from Reuters.com, and analyst target prices sourced from Zacks Investment Research.
The following is a list of undervalued companies, defined by the stock's current price relative to the average analyst target price for the stock. All of these stocks are trading at a discount of more than -35% to analyst fair value.
In addition, all of these stocks have projected earnings growth rates in excess of 20% over the next 3-5 years. All data sourced from Zacks Investment Research. Full analysis below.
Fortress Investment Group, LLC (FIG) – The asset management firm popped up on our ‘hot by options volume’ market scanner in the first half of the trading session after one investor enacted a large-volume bullish transaction in the January 2012 contract. FIG’s shares rallied nearly 1.5% to $4.15 just before 12:25 pm ET. The trader appears to have essentially financed the purchase of in-the-money calls by selling a straddle. It looks like the investor purchased 12,300 deep in-the-money calls at the January 2012 $2.5 strike at a...
Fingers crossed as well kill commences. BP (BP) will start pumping cement into its crippled well today after successfully reducing pressure by injecting mud from the top, a procedure known as a static kill. Yesterday, the cost of insuring BP debt dropped below five-year premiums for the first time in two months on speculation the new attempt will succeed. Separately, Transocean (RIG), which owns the exploded drilling rig, said BP may seek...
Freddie Mac taps gov't for more funds. Freddie Mac (FRE) asked for an additional $10.6B from the government yesterday, after reporting a first quarter loss of $8B (including a $1.3B dividend payment to the Treasury). Provision for credit losses was $5.4B, down from $7B in the previous quarter. New accounting rules led to a decrease in total equity of $11.7B, creating a net worth deficit of $10.5B as of March 31. Freddie warned it will still need billions of dollars in additional federal aid because the...
Fortress Investment Group (FIG) completed its acquisition of fixed income asset manager Logan Circle Partners this week. The addition of Logan brings traditional strategies to Fortress’s investment management platform. Logan specializes in “portfolios for institutional investors in strategies that include core/core plus, short, intermediate and long duration, corporate and high yield.”
The agreement stipulates that Fortress Investment Group “will pay approximately $21 million in cash with the potential for an additional payment at the end of 2011, contingent on the growth and performance of Logan Circle’s business.”...
Dow 11,000. The Dow Jones Industrial Average inched up 0.08% yesterday to close above 11,000 for the first time since September 2008. At 11,005.97, the index milestone reflects both earnings season optimism and what has essentially been a stealth rally on low trading volume and small daily moves. S&P +0.18% to 1,196.48. Nasdaq +0.16% to 2,457.87.
Lehman's secret alter-ego. For years before its collapse, Lehman Brothers used a small company to shift investments off its books. The alter ego, a firm called Hudson Castle, appeared to be...
By Chip Brian Below are the top five companies in the Asset Management & Custody Bank industry as measured by the potential gains between the current stock price and the projected average analyst ...
With rising volatility in the market, and rising concerns about the strength of the recovery, the pace of initial public offerings appears to be slowing again after picking up steam in the first ...
By Chip Brian Below are the top five companies in the Asset Management & Custody Bank industry as measured by beta. Higher-beta stocks mean greater volatility and are therefore generally ...
Affiliates of certain funds managed by Fortress Investment Group LLC have acquired CW Financial Services, LLC, a commercial real estate finance and investment management company, from Otera US ...
Crown Equity Holdings, Inc. (OTCBB:CRWE) has reported its financial information for the 6-month period ending June 30, 2010. Revenue for the six months totaled $678,988, compared to $84,357 during ...
Shares of FIG touched the 50-day moving average from below but failed to break through the widely watched resistance line. If the stock price remains below the critical 50-day moving average, then ...
Sept. 01--I've recently written a couple of columns that have produced a veritable flood of reader responses. Which, I have to admit, is immensely gratifying. When you're writing for publication ...
CapitalSource, Inc. (NYSE: CSE) gained by 1.81% to close at $5.05 with overall traded volume of 2.42 million shares. The share price is highly sensitive as its beta value stands at 2.74 times ...
(EMAILWIRE.COM, September 01, 2010 ) New York, NY-DG FastChannel Inc. (NASDAQ:DGIT) added 4.50% to $15.79 on over 9.05 million shares, a day after it made its new 52-week low of $15.02. Yesterday ...
By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- Fortress Investment Group executives sold stock last week to cover the cost of taxes triggered by vesting of restricted stock awards ...
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