Dell Negotiates LBO and 4 Morning Hot Stocks to Follow
Dunkin Donuts (NASDAQ:DNKN): Current Price $34.01
Dunkin Donuts (NASDAQ:DNKN) announced plans to expand in Southern California as it executes on its long-term goal of establishing over 15,000 restaurants across the United States. The company is recruiting franchisees in the Los Angeles, Riverside, San Diego, San Bernardino, Ventura and Orange counties, expecting these outlets will open for business during 2015. During 2012, Dunkin Donuts opened 291 net new locations in the United States, a growth rate of 4%.
Amazon Inc’s (NASDAQ:AMZN): Current Price $270.02
Amazon Inc’s (NASDAQ:AMZN) Europe based online streaming operator, LOVEFiLM, has secured a content deal with NBC Universal International TV Distribution allowing it rights to stream popular US TV series including certain premium quality series such as “The Office” and the award winning “30 Rock,” as well as older classics. Also included in the deal are popular science-fiction dramas such as “Heroes” and the David Hasselhoff classic, “Knight Rider.”
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Toyota Motor Corp (NYSE:TM): Current Price $94.78
Toyota Motor Corp (NYSE:TM) is taking an oft-used legal strategy to put its sudden acceleration lawsuits in the rear view mirror — take the settlement route for litigation cases where the risk of an adverse judgement is high and fight those that could end up in its favor. The settlement route also has the advantages of lower adverse media publicity, avoids the submission of sensitive data in courtrooms which could be used in other lawsuits and most important, allows the company to focus on its core business. Toyota has adopted this route in its sudden acceleration litigation involving more than 300 lawsuits pending in state and federal courts. It has moved to settle out of court two high-profile cases among these, one brought by retired police officer Michael Houlf and the other by the family of Paul Van Alfen. Terms of settlement were not available.
JP Morgan Chase (NYSE:JPM): Current Price $46.34
JP Morgan Chase (NYSE:JPM) will release an internal report of its investigation of the London whale investment fiasco in which the bank lost more than $6 billion. Chief Executive Jamie Dimon is said to have convinced the board to make the report public despite apprehensions that the bank would face allegations of lax supervision and risk controls, and that the report could provide ammunition to plaintiff lawyers. The 50 page report is the outcome of an investigation conducted by Mike Cavanagh, the bank’s former chief financial officer.
Dell’s (NASDAQ:DELL): Current Price $12.60
According to the Wall Street Journal, talks are afoot to quickly close on Dell’s (NASDAQ:DELL) LBO, with private equity player Silver Lake playing the lead role. A price range of $13-$14 is being bandied about, with an equity component of $2 billion. The jury is out on whether the privatisation route would help implement Michael Dell’s newfound focus on products for enterprises rather than retail consumers.
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