Why we just bought Zale
News on this jewelry company provided incentives to buy.
Written by Douglas Estadt
News overnight of private equity firm Apollo Management submitting a proposal to buy a stake in jewelry company Zale (ZLC) spurred us to buy shares today in the pre-market at 2.27/ share. Here's why:
- Money from the private equity firm will keep this stock afloat, giving vendors confidence (and maybe consumers, too.)
- Apollo working with prior management might help boost Zale.
- Potential competitive bidders might well raise the share price.
- Competitors' businesses are turning around, so perhaps with some changes Zales can finally follow suit.
To learn more about ZLC, click on 'read more' to view the video.
To have some of your risk capital autotraded for you on Covestor Investment Management, see my model here.
Visit Wall Street Media. We feature exclusive insights from the world's leading transparent investors.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
Pipeline owners are making big profits on oil coming from North Dakota's Bakken fields. But a lot of natural gas continues to be flared due to low prices.
VIDEO ON MSN MONEY
Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.
Contributors include professional investors and journalists affiliated with MSN Money.
Follow us on Twitter @topstocksmsn.