Google Inc (NASDAQ:GOOG) could address two of its weaknesses by buying eBay (EBAY), research firm Robert W. Baird wrote in a note to investors earlier today. WHAT’S NEW: Investors are talking about the possibility of eBay spinning off its PayPal unit, but the company could be better off selling its core business and its PayPal unit to Google, Baird analyst Colin Sebastian believes. Google could pay $57 per share for eBay, representing a 50% premium over the e-commerce company’s closing price on March 14, Sebastian estimated. Google Inc (NASDAQ:GOOG) shares after opening at $1,179.25 on current trade day and currently trading at $1,190.21. Company price to sales ratio in past twelve months was calculated as 6.56 and price to cash ratio as 6.69. Google Inc (NASDAQ:GOOG) showed a negative weekly performance of -3.46%.
Microsoft Corp. (NASDAQ: MSFT) has offered a large tier of pricing in the hopes of driving adoption of its Windows Office 365 software. The latest is the most radical departure from old prices. Office 365 Personal can be licensed for $6.99 a month. Microsoft has to worry that this license will be used by small business owners, and perhaps hurt the company’s license fees within that business part of its customer base. Microsoft Corporation (NASDAQ:MSFT) shares surged -3.46% in current trading session and now at $38.34. MSFT return on equity ratio is recorded as 28.30% and its return on assets is 15.90%. Microsoft Corporation (NASDAQ:MSFT) yearly performance is 37.94%.
Martin Midstream Partners L.P. (NASDAQ:MMLP) announced today that it and its wholly-owned subsidiary, Martin Midstream Finance Corp., priced the offering of $150 million in aggregate principal amount of 7.250% senior unsecured notes due 2021 (the “additional notes”) at an issue price of 103.000%, plus accrued interest from February 15, 2014. The additional notes are being sold as an additional issue of our outstanding 7.250% senior notes due 2021, originally issued in an aggregate principal amount of $250 million on February 11, 2013 in a private offering and later exchanged into registered notes (the “existing notes”). Martin Midstream Partners L.P. (NASDAQ:MMLP) shares advanced 2.04% in current trading session and now at $43.58, while trading in range of $43.15 – $43.89. Martin Midstream Partners L.P. (NASDAQ:MMLP) year to date (YTD) performance is 1.71%.
Vintage Capital Management, LLC (together with its affiliates, “VCM”), the second largest shareholder of Aaron’s, Inc. (NYSE:AAN), today announced that it has delivered a letter to the independent directors of Aaron’s. Among other things, the letter urges the independent directors to reject any plan proposed by Ron Allen, Aaron’s Chairman, President and Chief Executive Officer, that would utilize short-term financial engineering to temporarily increase earnings per share and mask the ongoing declines in system-wide profitability. Further, the letter asks the independent directors to bring in a new management team to stabilize and improve Aaron’s business or sell the company to someone who is better able to run it. Aaron’s, Inc. (NYSE:AAN) weekly performance is 5.35%. Shares of the company currently at $32.11. Aaron’s, Inc. (NYSE:AAN) distance from 50-day simple moving average (SMA50) is 10.74%. Analysts mean target price for the company is $29.25.
Leave a Reply