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
TheStreet Open House

Tuesday's Winners & Losers: Bandag

Shares of Bandag (BDG) were among the Nasdaq's biggest winners Tuesday, jumping 11% after the maker of retreading materials agreed to be acquired by Bridgestone Americas for about $1.05 billion in cash.

The deal values Bandag at $50.75 a share, a 13% premium over Monday's closing price of $45.04. The acquisition is expected to close late in the first quarter or early in the second quarter of 2007. Shares of Bandag were trading at $50.44, up $5.40.

Shares of Kroger (KR) climbed 7% after the supermarket operator's third-quarter earnings topped forecasts. The company earned $214.7 million, or 30 cents a share, on revenue of $14.7 billion. Analysts surveyed by Thomson First Call expected earnings of 28 cents a share and revenue of $14.86 billion. During the year-earlier quarter, the company earned $185.4 million, or 25 cents a share, on revenue of $14.02 billion.

Looking ahead, Kroger now sees 2006 earnings growth of 8% to 10%, up from an earlier forecast of 6% to 8% growth. Shares were trading at $23.80, up $1.47.

World Wrestling Entertainment (WWE) rose 3% after the professional wrestling producer reported better-than-expected second-quarter results. For the quarter ended Oct. 27, the company earned $10.4 million, or 15 cents a share, on revenue of $96.2 million. Analysts, on average, anticipated earnings of 13 cents a share and revenue of $90 million. During the year-earlier period, the company earned $11.7 million, or 17 cents a share, on revenue of $88.9 million. Shares were trading up 51 cents to $16.65.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,279.74 +13.75 0.08%
S&P 500 2,010.40 -0.96 -0.05%
NASDAQ 4,579.7890 -13.6380 -0.30%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs