DraftKings price target raised to $30 from $28 at Canaccord 11:30 DKNG Breaking Story-- The Return of The SPACS. This may be the next leg of the speculative move-- We now have TWO!!!!!
GBA UPGRADE DIS The Walt Disney Company-- FOLKS I THINK WE ARE CLOSE ENOUGH.. begin legging in.> $104.55-1.28 (-1.21%)11:47 AM 02/17/23 NYSE | $USD | Realtime
What to do about VOYA?-- We have been tracking for about a week waiting for some pull in. Despite the market give back this stk did not budge. VOYA Voya Financial, Inc. $76.97-0.08 (-0.10%)11:48 AM 02/17/23 NYSE | $USD | Realtime
Designer Brands Buys Keds from Wolverine On Wednesday, Designer Brands Inc. announced that it had snapped up Keds from Wolverine Worldwide Inc. The news came just two months after WWW revealed its plan to offload the 107-year-old sneaker label via an acquisition or licensing deal. As part of this new agreement, DBI (the parent company of DSW and Camuto Group) will acquire all Keds products, including the Pro-Keds sneaker line, plus the brand’s e-commerce business. Prior to the deal, DSW was Keds’ largest wholesale customer. At the same time, DBI also picked up the global license for Hush Puppies, after previously having an exclusive wholesale deal with the brand for DSW. Though terms of the deal were not disclosed, Wolverine confirmed via a statement that the deals generated $90 million in cash for the company. This could be just the beginning for Wolverine, which said in December that it was also in the process of divesting its Wolverine Leathers business. And in a note to investors this week, analyst Jim Duffy at Stifel suggested the multibrand giant could benefit from more streamlining of its portfolio. “We see incremental opportunity for portfolio rationalization via divestiture of the Sperry brand,” Duffy wrote. “If Sperry were divested as well, with the licensing of Stride Rite in 2017 and now the sale of Keds, the remaining businesses in the Waltham HQ would be just Saucony and the Kids business. This, perhaps, presents opportunity for office downsizing or consolidation.” Meanwhile, DBI continues to show signs it’s hungry to grow under incoming CEO Doug Howe. The Columbus, Ohio-based footwear company in 2022 purchased Topo Athletic and signed the license for Le Tigre footwear. The company has stated it sees significant opportunity to grow revenue for its in-house brands. Last year, it estimated that sales from all its owned brands, including Camuto Group national owned and licensed brands, will double by 2026, to equal almost one-third of total sales. GBA UPGRADE DESIGNER BRANDS (DBI) $ 10.30
SINCE 2/17/2022 BJ VS S&P BJ+ 13.36% Price Return since 02/17/2022 (365 days) SP500-9.28% Price Return since 02/16/2022 (366 days)
I sent the BJ idea to the HF. I really like it. You get the WMT action with the food etc but no opioid settlement > You get the increased volume due to high price of food. Gas prices have shot back up.