Edwards Lifesciences Acquires BMEYE and 4 Hot Stocks Attracting Investor Attention
Facebook, Inc. (NASDAQ:FB) filed its proposal to go public in February, and many believe that it exaggerated the effectiveness of ads linked to customers’ friends, citing research from Nielsen, the SEC continued to doubt and vetted the filing to make sure that Facebook revealed all material information to investors. Then, Facebook had to drop the reference. There have been two and a half months of communications between the company and the agency making it appear as it a management team is hesitant to reveal information and was still making guesses at even basic aspects of its business only weeks prior to its IPO, according to Bloomberg.
FedEx Corporation (NYSE:FDX) announced programs targeting annual profitability improvement of $1.7 billion during the next three years, as a significant portion of the benefits should be gained by FY15. These initiatives don’t take into consideration the continuing base profit improvements at FedEx Ground and FedEx Freight. Also, FedEx announced that David F. Rebholz, president and CEO of FedEx Ground, intends to retire beginning on May 31, 2013. Rebholz led the company’s FedEx Ground operating unit since 2007 along with serving on the Strategic Management Committee of FedEx Corp. His replacement has not been discussed. In a keynote speech to FedEx.’s 2012 Investors and Lenders Meeting, Frederick W. Smith, FedEx chairman, president and CEO, stated that the company has plans to raise its dividends in coming years. Smith said a large portion of the profitability improvement is to be achieved via cost reductions at FedEx Express and FedEx Services. Smith stated that the profit improvement initiatives, along with the combined strength of FedEx Ground and FedEx Freight, would place FedEx on the right path to succeeding in its financial goals.
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Microsoft Corporation (NASDAQ:MSFT) CEO Steve Ballmer indicated that the company would go into a new direction for the software company, suggesting hardware and online services as the company’s future, Reuters reports.
Edwards Lifesciences Corp. (NYSE:EW) has completed its acquisition of BMEYE B.V., which is a privately held Dutch company specializing in developing non-invasive technology intended for advanced hemodynamic monitoring. BMEYE’s technology provides continuous, real-time information to clinicians and is able to be used in the surgical, intensive care, emergency room, and cardiology settings. The purchase price was EUR32.5 million, or about $42 million. Edwards believes that the net earnings impact resulting from the transaction will be immaterial in 2012, and slightly dilutive during 2013. There will be more details when the company reports its 2013 financial guidance in December.
Tesoro Corporation (NYSE:TSO) acquisition proposal of Arco and its Carson refinery for a total of $2.5 billion must deal with growing opposition and scrutiny, according to the Los Angeles Times. Activists claim that the deal has the ability to lower competition and increase prices for motorists.
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