ACN establish a "W" bottom, it is meant to be go up. Very solid company with strong market shares in IT outsource business. Mean Target by S&P500 and First Call is $30 and Valueline is $40. I called it @ 23.6
LAZ has big shares buying these days. Just now a 10000 shares purchased and last week there was a 24500 buy. Take a look at I-watch, amazing institution buying. http://thomson.finance.lycos.com/ly...icker?t=LAZ&range=7&mgp=0&i=3&hdate=&x=9&y=13 Very similar to NGPS last time, after it went down froom 22 to 14 without any reason, institution buying, such as Fidelity. Now LAZ already has 30% stake by JP Morgan and Fidelity. I bet LAZ will head to its mean target $26-$27 soon.
Raymarine to outsource with Flextronics By Malcolm Locke and John Duckers 619 words 16 August 2005 Birmingham Post 24 English (c) 2005 Birmingham Post & Mail Ltd Britain lost another major piece of its manufacturing base yesterday as Raymarine, the marine electronics company, confirmed it would move work to Hungary. It has agreed an outsourcing deal with US-based Flextronics International in a move that will result in the closure of its factory in Portsmouth and the loss of 250 jobs. Raymarine is well-known to the vast majority of boating enthusiasts. The group makes gadgets such as fish finders, navigation systems, radar consoles, autopilots and global positioning systems. The outsourcing move was originally flagged back in July, but the name of the manufacturing partner and new location were not disclosed. Raymarine"s affected employees have been fully consulted about the move, but group chief executive Malcolm Miller said staff were "obviously upset". "It"s been a tough decision to take, but I think staff understand why we"ve had to do it," he said. "Flextronics is an important tier one supplier of electronics and Raymarine will be able to plug in to its expertise and get the benefit of its global purchasing power. The outsourcing of our UK manufacturing operations is essential for Raymarine to remain competitive. It"s not just about cutting jobs and the wages bill." The group said the outsourcing move would save it £5 million in 2007; £10 million in2008; £10.5 million in 2009; and £11 million from 2010 onwards. The cost of implementing the move will be £15 million this year and a further £6 million in 2006. About a third of the costs will be redundancy charges.
MICROSOFT Pick Flextronics FOR NEXT XBOX Aug 18, 2005 (WENN via COMTEX) -- Microsoft Corp has enlisted the skills of Canadian firm Celestica Inc to join Flextronics International Ltd and Wistron Inc in the building of its Xbox game console. Microsoft announced Tuesday (16AUG05) it was expanding that roster to three for its next-generation Xbox 360 due out later this year (05), probably November. Todd Holmdahl, corporate vice president of the Xbox Product Group, enthuses, "With three contract manufacturers on board, we're poised to have the flexibility and efficiencies we need to keep up with the consumer demand." Plants for each of the three companies building Microsoft's newest game console are located in the Pearl River Delta region in southern China. A Celestica spokeswoman said the company will begin production of the device at its plants in early 2006. (ES/WNWR/JB) Document WENN000020050818e18i0005z
Maytag signs Whirlpool $2.7B takeover offer.Lazard Ltd. advised Maytag, along with Wachtell, Lipton, Rosen & Katz and Cleary Gottlieb Steen & Hamilton. Greenhill & Co. advised Whirlpool, along with Weil Gotshal & Manges, Howrey LLP, and the Boston Consulting Group. Institution keep buying large shares in the last month. http://thomson.finance.lycos.com/ly...icker?t=LAZ&range=7&mgp=0&i=3&hdate=&x=10&y=9 Now I see the JPMorgan and Bank of America $27 target is closer and closer. More M&A deal in Italian by LAZARD: MILAN (Dow Jones)--Advisors for ABN Amro Holding NV (ABN) and Banca Popolare Italiana Scarl (BPI.MI) will meet Wednesday to discuss the possible sale of the Italian bank's stake in Banca Antonveneta SpA (NTV.MI) to the Dutch bank, Milano Finanza reports Wednesday, citing people close to the talks. The meeting is exploratory and Popolare Italiana's board will meet Thursday to hear its advisors' report, the paper says. Popolare Italiana is being advised by Lazard Ltd. (LAZ) and Dresdner Bank AG (DRB.YY), while ABN Amro is being advised by Rothschild and Lehman Brothers Holdings Inc. (LEH).
Accentrue upgraded by Valueline from 3 to 2 last month and upgraded again yesterday from 2 to 1. Now ACN is holding a timeliness 1 which is strong buy in the next 12 month. Low end price target is $40 in the next 2 years and up end is $60 by Valueline.S&P report showing the price target is $30 in the next 12 months and with a 4 stars which is buy. I got in ACN @23.6, ACN will see much higher close to $27 soon.
Good time to buy more LAZ shares, it is on the uptrend tunnel. The lost today due to those profit taken. Nice jump last two weeks from 22.5 to 25.3. Now still not late to catch LAZ to touch its analyst target which is $27. Buy more here.
InPlay: Lazard +0.6% after Chairman & CEO disclosed last night purchase of 120k shares at $24.96-$25.20. Like I said, market mean target is $26.6, any price lower than this is undervalued. Those JP Morgan and BOA and Boston First Capital are all in bank industry, they know LAZ more than other do, so their target is pretty accurate.