|Bid||50.09 x 1200|
|Ask||50.10 x 1100|
|Day's Range||49.90 - 50.11|
|52 Week Range||38.65 - 50.76|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||17.41|
|Earnings Date||Jul 25, 2019|
|Forward Dividend & Yield||4.20 (8.40%)|
|1y Target Est||47.63|
New brand management platform WHP Global has acquired classic American clothing label Anne Klein from Premier Brands Group as its first asset. Premier will continue to act as a “long-term licensee” for some Anne Klein categories, per Retail Dive. The Anne Klein brand currently generates more than $700 million in global retail sales, per a news release.
Moody's Investors Service ("Moody's") downgraded Dayco Products, LLC's ("Dayco") Corporate Family Rating (CFR) to B3 from B2, its Probability of Default Rating (PDR) to B3-PD from B2-PD and the senior secured term loan rating to B3 from B2. The downgrade reflects Moody's expectations that the pressures in the aftermarket from select retailers along with a potential softer automotive and industrial OE environment will continue to keep Dayco's debt-to-EBITDA leverage elevated in the 6.0x range and will result in weak free cash flow in the next 12 to 18 months.
Zacks.com featured highlights include: Guess?, Denny's, FTI Consulting, Oaktree Capital and RenaissanceRe
(Bloomberg) -- Wanted: a new part-owner for the Oklahoma City Thunder, one of the most successful small-market NBA teams of the past decade. Requirements: patience while the team rebuilds its lineup.A 22% stake in the team -- previously owned by the late energy magnate Aubrey McClendon -- is available, according to people familiar with the situation. The sale will be run by the boutique investment bank Inner Circle Sports, said the people, who asked not to be identified because the process is private. The New York-based firm declined to comment.The deal comes at a time of transition for the Thunder. The team just agreed to a blockbuster trade that will send star Russell Westbrook to the Houston Rockets, ESPN reported on Thursday. The Thunder will get Chris Paul and draft picks they can use to build a new squad.The 22% stake has been held by McClendon’s estate since his 2016 death. The Chesapeake Energy Corp. co-founder perished in a single-car crash, which resulted in a number of creditor claims. Oaktree Capital Group LLC had put a claim on cash from a sale of the team stake, although the firm was repaid after the estate sold oil-and-gas leasehold interests in a separate transaction.Martin Stringer, an attorney for the estate, didn’t respond to messages requesting comment on the Thunder sale. Tom Blalock, the executor of the estate, and team spokesman Dan Mahoney also didn’t return messages seeking comment.The Thunder are worth about $1.5 billion, according to Forbes. That puts the small-market team in the middle of the pack of the NBA’s 30 squads, but the organization had been building momentum. It reached the playoffs in nine of the past 10 seasons, including the last four.Sellout StreakThe Thunder posted an average local television rating of 6.69 this season, second-best in the NBA behind the Golden State Warriors. They also have sold out 355 consecutive home games, which is the third-longest active run in the NBA.The team is controlled by Clay Bennett, whose group bought the club -- then the Seattle SuperSonics -- in 2006 for about $325 million. The team relocated to Oklahoma City for the 2008-2009 season.It’s difficult to pinpoint a value for McClendon’s stake, which comes with voting rights but few other perks, according to the people. There’s no representation on the board or decision-making authority. In such cases, buyers will often seek to apply what’s called a limited partner discount, taking into account the absence of control or a say in franchise operations. Such discounts usually range from 10% to 20%.There’s also the flux in the team’s roster -- and thereby its salary commitments -- which may affect the club’s valuation. The Thunder recently traded Paul George and his $33 million salary to the Los Angeles Clippers. Westbrook was in line for a $38.5 million salary next season.To contact the reporter on this story: Scott Soshnick in New York at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
During the next three years, IMC will spend $280 million on its markets, which includes Atlanta's AmericasMart.
Eaton Vance (EV) appears to be a promising bet, riding on solid organic growth, earnings strength and long-term growth opportunities.
Moody's Investors Service, ("Moody's") has assigned a B2 rating to Star West Generation LLC's (Star West or Project or Borrower) new senior secured credit facilities, which consists of an approximately $64.5 million term loan B due in September 2020 and a $50 million revolving credit facility also due in September 2020. The outlook is stable.
At Insider Monkey, we pore over the filings of nearly 750 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of March 31. In this […]
Acquisition of OppenheimerFunds will further strengthen Invesco's (IVZ) profitability and ability to meet ever changing client needs.
The Zacks Analyst Blog Highlights: Westlake Chemical Partners, Oaktree Capital, Northwest Bancshares, Flowers Foods and Ares Capital
Given the widespread uncertainty over the future course of the equity market, investing in stocks unperturbed by market gyrations is the need of the hour.
Brookfield Asset Management's (BAM) chief executive wants Howard Marks, the veteran distressed debt guru and co-founder of Oaktree Capital, to continue his investment work, including his letters to clients, for years to come. BAM announced that it will take a majority stake in Oaktree in March, with the surprise move sparking speculation that Brookfield's chief executive Bruce Flatt could become an heir to Oaktree's 73-year-old investing "legend".