Meredith Considered for Time and 3 Stocks Riding 52-Week Highs
Lifepoint Hospitals (NASDAQ:LPNT): Closing price $44.34
The company estimates its fiscal year 2013 revenue at between $3.65 billion and $3.75 billion, against consensus of $3.6 billion. Shares closed up 0.29 percent on the day at $44.34, and have traded in a 52-week range of $34.32 to $44.45.
Meredith Corporation (NYSE:MDP): Closing price $41.91
Time Warner’s (NYSE:TWX) negotiations through which to spin off and sell the majority of Time to Meredith, which began in the fall, could accelerate now that they are public, say industry insiders to The New York Post, which added that if Time, Sports Illustrated and Fortune are kept out of the deal, the price may be close to $1.7 billion, compared to the $2.5 billion to $3 billion the entire company might have brought. Shares closed up 2.59 percent on the day at $41.91, having been traded in a 52-week range of $26.89 to $41.72.
WABCO Holdings (NYSE:WBC): Closing price $71.90
WABCO estimates its earnings per share at $1.08, with a consensus of 94 cents. Shares closed up 4.72 percent on the day at $71.90, and have traded in a 52-week range of $46.73 to $69.47.
Rogers Communications (NYSE:RCI): Closing price $47.02
The firm has posted fourth quarter adjusted earnings at C$0.88 compared with C$0.66 in 2011. Shares closed up 3.32 percent on the day at $47.02, and have been traded in a 52-week range of $33.58 to $47.09.
Don’t Miss: Is Apple Abandoning This Problem?