This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Stocks in Motion: MTR Gaming

Shares of MTR Gaming (MNTG) were among Nasdaq's winners Friday, climbing 25% after the casino operator received a management-led acquisition proposal that would pay shareholders $9.50 a share.

The nonbinding proposal from TBR Acquisition Group, which is controlled by MTR's chief executive and executive vice president, represents a 20% premium over Thursday's closing price of $7.89. MTR will organize a special committee to evaluate the deal. "MTR cautions shareholders and investors that the special committee of the board of directors' consideration of the proposal is only in its beginning stages; no decisions whatsoever have been made by the special committee in respect to MTR's response, if any, to the proposal and shareholders are not now being asked to take any action with respect to the proposal," the company said. Shares were recently up $1.97 to $9.86.

Starbucks (SBUX - Get Report) rose 2% after the coffee retailer posted better-than-expected November sales. Same-store sales rose 7%, well ahead of the 3.9% that analysts polled by Thomson First Call expected. Total sales for the four weeks ended Nov. 27 rose to $593 million from $486 million in the year-ago period. "Starbucks handcrafted espresso beverages, including both core and holiday offerings, were the leading contributors to our strong November results," the company said. Shares were trading up 71 cents to $31.85.

Shares of Ceradyne (CRDN) fell 8% after the body-armor company said that it would concurrently sell 1.8 million shares of stock and $100 million in convertible notes in two separate transactions. Ceradyne plans to use proceeds from the offerings to repay outstanding debt under its credit facility and for working capital, capital expenditures and other general corporate needs. Shares were trading down $3.57 to $43.90.

Safeco (SAFC) boosted its share repurchase authorization to 10 million shares. The current authorization represents 8.1% of Safeco's outstanding shares as of Oct. 31. Since 2003, the property and casualty insurance company has repurchased some 18.6 million shares at a cost of $918 million. Shares were little changed Friday morning, trading up 10 cents to $56.34.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
MNTG $4.43 0.91%
SAFC $0.00 0.00%
AMD $3.60 0.00%
GE $30.07 0.00%
SBUX $56.39 0.00%


Chart of I:DJI
DOW 17,651.26 -99.65 -0.56%
S&P 500 2,051.12 -12.25 -0.59%
NASDAQ 4,725.6390 -37.5850 -0.79%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs