According to The Wall Street Journals “Heard on the Street” column, NYSE (NYX), via Euronext, aims to regain its appeal for international listings. Many international co’s that have listed their shares in European and Asian markets don't want to subject themselves to tougher US regulations recently put in place, particularly Sarbanes-Oxley.
According to the Barron’s Online, Alberto-Culver (ACV) appears undervalued. Wall Street pros who crunched the numbers say the co's consumer-products division and its two retail chains are more valuable as separate entities, and should grow faster on their own. "The spinoff frees up two very different businesses," says Mariann Montagne Kotas, of Thrivent Asset Mgmt. "We were already expecting the co's earnings to grow. But the spinoff will remove challenges facing both businesses."
Notablecalls: It’s Friday, nothing actionable.
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