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Anyone playing HIDE? Found this-
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51091078&txt2find=OUTSTANDING
WOW Someone just dumped $50k worth of ILNS at the close.
Could not have said it better myself.
Thanks.
JASDIP - JULY 30th 12:05 pm
Any thoughts on AAPT these days?
Obama vs. press freedom
By Dick Morris - 06/15/10 05:22 PM ET
Jon Leibowitz, the chairman of Obama’s Federal Trade Commission, is at the epicenter of a quiet movement to subsidize news organizations, a first step toward government control of the media. In our book, 2010: Take Back America — A Battle Plan, we reported that he had commissioned a study to examine plans for a federal subsidy for news organizations. Among the measures under consideration are special tax treatment, exemption from antitrust laws and changes in copyright laws.
Now Leibowitz has begun to pounce. A May 24 working paper on “reinventing” the media proposes that the government impose fees on websites such as the Drudge Report that link to news websites or that it tax consumer electronics such as iPads, laptops and Kindles. Funds raised by these levies would be redistributed to traditional media outlets.
While Leibowitz distanced himself from the proposals for the taxes, calling them “a terrible idea,” his comments appear to be related only to the levies proposed in the working paper. Nobody is commenting on the other part of his proposal — a subsidy for news organizations.
By now, the Obama MO should be clear to all. As he has done with the banks, AIG and the car companies, he extends his left hand offering subsidies and then proffers his right laden with regulations. Should the government follow through on Leibowitz’s ideas and enact special subsidies and tax breaks for news organizations, it will induce a degree of journalistic dependence on the whims of government not seen since the days when the early presidents bestowed government advertising on favored periodicals.
Is it too difficult to imagine that the Democrats might pass laws favoring news organizations, only to question — as former White House communications director Anita Dunn did — whether or not Fox News is a news organization or an “arm of the Republican Party”? We can see a future in which news media are reluctant to be too partisan or opinionated for fear that they would endanger their public subsidy.
Once such a subsidy is extended to news organizations, every company in the business must have it. Otherwise, the competitive advantage for the subsidized companies would prove too steep an obstacle to overcome.
In all the attention that has been given to the idea of an Internet tax on news aggregation sites and on tech equipment — trial balloons that would obviously be shot down — very little attention has been focused on the expenditure side of the proposal — the subsidy of news organizations.
But The Wall Street Journal reported six months ago that Leibowitz had commissioned a study to determine “whether the government should aid struggling news organizations which are suffering from a collapse in advertising revenues as the Internet upends their centuries-old business model.” Among the steps under consideration are changing “the way the industry is regulated, from making news-gathering companies exempt from antitrust laws to granting them special tax treatment to making changes to copyright laws.”
These are exactly the kind of subsidies that could and would trigger government oversight and control.
Look at how radio stations squirm when their licenses are up for renewal before the FCC. We can imagine news organizations pulling their punches in order not to antagonize the hand that feeds them.
The Leibowitz study, and the subsidy proposals that are likely to emerge from it, represent a chilling threat to the First Amendment and to our civil liberties.
Morris, a former adviser to Sen. Trent Lott (R-Miss.) and President Bill Clinton, is the author of Outrage, Fleeced and Catastrophe. To get all of his and Eileen McGann’s columns for free by e-mail or to order a signed copy of their latest book, 2010: Take Back America — A Battle Plan, go to dickmorris.com. In August, Morris became a strategist for the League of American Voters, which is running ads opposing the president’s healthcare reforms.
Keep making fun of this!!! I'm late to the party and would enjoy some cheaper shares. Go spread the word that this is all crap.
Thanks.
Rawnoc whats this thing worth? It would seem to me that if you can turn plastic into oil its would be worth a fortune.
No problem.
Wendy's/Arby's shares rise on takeover inquiry.
Wendy's/Arby's Chairman Peltz says he was approached by group on possible deal; shares rise
CHICAGO (AP) -- Wendy's/Arby's Group Inc. Chairman Nelson Peltz said he's reviewing an overture from an unnamed group interested in acquiring the fast-food company.
His disclosure, made late Thursday in a regulatory filing, sent shares up 19 cents, or 4.4 percent, to $4.53 in midday trading Friday.
Peltz, whose investment firm owns 23.5 percent of the company's shares, gave few details about the inquiry, which he disclosed in a regulatory filing late Thursday.
But he said the possible deal could include his participation and that he would work with financial advisers to discuss the transaction. Among the many possiblities he listed in his filing, Peltz said he would likely meet with debt and equity financing sources regarding a possible deal.
Peltz led Arby's former parent Triarc Cos., which acquired Wendy's in 2008.
A spokesman for the fast-food chain declined to comment on Friday, as did a representative from Peltz's Trian Fund Management.
Wendy's/Arby's Group, based in Atlanta, has struggled during the recession as customers scaled back on even cheap eats like fast food. Arby's, with its pricier menu, was particularly hurt, despite efforts to offer value meals and other discounted menu items.
In the most recent quarter, the chain lost $3.4 million, or a penny per share, as Arby's poor sales continued to drag down results. That compares with a loss of $10.9 million, or 2 cents per share, the previous year.
To fix the brand, the company is heavily promoting its new dollar menu that was added to 3,700 Arby's locations in April. It includes items like a small roast beef or chicken sandwich as well as curly fries.
Removing 3 cents per share in charges, earnings amounted to 2 cents per share.
Total revenue fell 3 percent to $837.4 million from $864 million.
Morningstar analyst Joscelyn MacKay said she thinks the company's potential suitor is another restaurant owner, not a private equity firm. That's because the company's size -- far smaller than rivals McDonald's Corp. and Yum Brands Inc., makes it more suited for a so-called strategic deal, than a financial one, she said.
"The combination of Wendy's and Arby's created such a large-scale company," she said. "I would really think that any kind of transaction would be to even improve on that."
But she said any news from a possible combination or buyout is likely far off.
The announcement comes less than two months after the operator of Carl's Jr. and Hardee's restaurants a $694 million buyout offer from an affiliate of Apollo Management VII LP.
The private equity firm's offer was accepted after it topped another bid from a second private equity firm, Thomas H. Lee Partners.
Wendy's/Arby's Group runs more than 10,000 restaurants in the U.S. and 24 countries and U.S. territories worldwide.
The company's stock is trading at the midpoint of its 52-week range. Shares have traded between $3.55 and $5.55 in the past year.
Wendy's/Arby's shares rise on takeover inquiry.
Wendy's/Arby's Chairman Peltz says he was approached by group on possible deal; shares rise
CHICAGO (AP) -- Wendy's/Arby's Group Inc. Chairman Nelson Peltz said he's reviewing an overture from an unnamed group interested in acquiring the fast-food company.
His disclosure, made late Thursday in a regulatory filing, sent shares up 19 cents, or 4.4 percent, to $4.53 in midday trading Friday.
Peltz, whose investment firm owns 23.5 percent of the company's shares, gave few details about the inquiry, which he disclosed in a regulatory filing late Thursday.
But he said the possible deal could include his participation and that he would work with financial advisers to discuss the transaction. Among the many possiblities he listed in his filing, Peltz said he would likely meet with debt and equity financing sources regarding a possible deal.
Peltz led Arby's former parent Triarc Cos., which acquired Wendy's in 2008.
A spokesman for the fast-food chain declined to comment on Friday, as did a representative from Peltz's Trian Fund Management.
Wendy's/Arby's Group, based in Atlanta, has struggled during the recession as customers scaled back on even cheap eats like fast food. Arby's, with its pricier menu, was particularly hurt, despite efforts to offer value meals and other discounted menu items.
In the most recent quarter, the chain lost $3.4 million, or a penny per share, as Arby's poor sales continued to drag down results. That compares with a loss of $10.9 million, or 2 cents per share, the previous year.
To fix the brand, the company is heavily promoting its new dollar menu that was added to 3,700 Arby's locations in April. It includes items like a small roast beef or chicken sandwich as well as curly fries.
Removing 3 cents per share in charges, earnings amounted to 2 cents per share.
Total revenue fell 3 percent to $837.4 million from $864 million.
Morningstar analyst Joscelyn MacKay said she thinks the company's potential suitor is another restaurant owner, not a private equity firm. That's because the company's size -- far smaller than rivals McDonald's Corp. and Yum Brands Inc., makes it more suited for a so-called strategic deal, than a financial one, she said.
"The combination of Wendy's and Arby's created such a large-scale company," she said. "I would really think that any kind of transaction would be to even improve on that."
But she said any news from a possible combination or buyout is likely far off.
The announcement comes less than two months after the operator of Carl's Jr. and Hardee's restaurants a $694 million buyout offer from an affiliate of Apollo Management VII LP.
The private equity firm's offer was accepted after it topped another bid from a second private equity firm, Thomas H. Lee Partners.
Wendy's/Arby's Group runs more than 10,000 restaurants in the U.S. and 24 countries and U.S. territories worldwide.
The company's stock is trading at the midpoint of its 52-week range. Shares have traded between $3.55 and $5.55 in the past year.
MMRF - - MMR Information Systems, Inc. Receives Grant From U.S. Patent and Trademark Office to Reinstate Patent to Treat Patients With B-
LOS ANGELES, CA -- (Marketwire)
06/11/10
MMR Information Systems, Inc. (OTCBB: MMRF)
(www.mymedicalrecords.com) announced today that a petition has been granted by the U.S. Patent and Trademark Office to reinstate its U.S. Patent titled "METHOD AND COMPOSITION FOR ALTERING A B CELL MEDIATED PATHOLOGY" (the "Patent"). The Patent covers treatment methods for patients with B-cell malignancies. B-cells are the white blood cells that develop from bone marrow and produce antibodies. Common B-cell malignancies for which the Patent covers include lymphomas and myelomas, including Non-Hodgkin's Lymphoma.
MMR acquired this intellectual property and related technology through its reverse merger with Favrille, Inc., a biopharmaceutical company, in January 2009. The Patent is an asset relating to the Company's vaccine trials and use of customized tumor cells to treat lymphoma patients. Over the past 12 months, the Company identified a portfolio of biotech assets which include its anti-CD20 monoclonal antibodies, data from vaccine trials, patient tumor samples and other intellectual property including other worldwide patents in various stages.
"This patent represents a significant step in our efforts to have a series of MMR post-merger petitions pertaining to filings regarding its biotech vaccine granted," said Robert H. Lorsch, MMR Chairman and CEO. "The Company is optimistic about the status of additional decisions from the U.S. Patent and Trademark Office and other patent authorities worldwide. We believe these intellectual properties may be of significant value to MMR and its shareholders."
In April this year, Dendreon's Provenge prostate cancer vaccine received approval from the FDA. It is believed that the drug, which is a customized vaccine to the patient using the body's own immune system to target and attack prostate cancer cells, has the potential to generate sales of $1.5 billion a year.
Favrille had already spent in excess of $200 million developing its Specifid vaccine, which, similar to the Dendreon vaccine, is also intended to work as a customized vaccine made from the idiotype protein from a patient's own tumor cells. Specifid was being created to treat lymphoma before its trials were ended in 2008.
Given the recent Dendreon approval, the Company believes its data, samples and technology may offer similar values through relationships with biotech investors, universities, biotech companies and licensees who might utilize these assets in the development of similar cancer fighting vaccines and therapies or even to work with the Company on a reinterpretation of the original Favrille trial on an expedited basis. MMR will continue to work with consultants and advisers who specialize in these areas to take advantage of opportunities.
The Company recently announced that Fred Middleton, Managing Director of Sanderling Ventures, and Ivor Royston, M.D., Founding Managing Member of Forward Ventures and a co-founder of IDEC Pharmaceuticals (now Biogen Idec), joined MMR's Board of Advisors in order to advise the Company on strategies for maximizing the value of its biotech assets. Sanderling and Forward Ventures together invested more than $50 million in Favrille, Inc. Both men previously served on the Favrille board and are pioneers in the biotechnology and biomedical industries, bringing to MMR a unique knowledge and understanding of MMR's post-merger portfolio of biotech assets.
"Hundreds of millions of dollars were spent on the creation of these biotech assets by shareholders and investors of pre-merger Favrille and MMR. My purpose is to see that these assets are used to benefit science and the Company's shareholders," added Lorsch.
MMR remains focused on its primary business, which is specifically the development and distribution of the MyMedicalRecords Personal Health Record (www.MyMedicalRecords.com) and MMRPro, an end-to-end document management solution for physicians which features an integrated patient portal (www.MyMedicalRecordsMD.com), and other related solutions in Health IT based on the Company's patented technologies.
About MMR Information Systems, Inc.
MMR Information Systems, Inc., through its wholly-owned operating subsidiary, MyMedicalRecords, Inc. ("MMR"), provides secure and easy-to-use online Personal Health Records ("PHRs") and electronic safe deposit box storage solutions, serving consumers, healthcare professionals, employers, insurance companies, unions and professional organizations and affinity groups. MyMedicalRecords enables individuals and families to access their medical records and other important documents, such as birth certificates, passports, insurance policies and wills, anytime from anywhere using the Internet. The MyMedicalRecords Personal Health Record is built on proprietary, patented technologies to allow documents, images and voicemail messages to be transmitted and stored in the system using a variety of methods, including fax, phone, or file upload without relying on any specific electronic medical record platform to populate a user's account. The Company's professional offering, MMRPro, is designed to give physicians' offices an easy and cost-effective solution to digitizing paper-based medical records and sharing them with patients in real time. MMR is an Independent Software Vendor Partner with Kodak to deliver an integrated turnkey EMR solution for healthcare professionals. MMR is also an integrated service provider on Google Health. To learn more about MMR Information Systems, Inc. and its products, visit www.mymedicalrecords.com and view the videos at www.mmrvideos.com.
Forward-Looking Statements
Any statements contained in this press release that refer to future events or other non-historical matters are forward-looking statements, and some can be identified by the use of words (and their derivations) such as "need," "possibility," "offer," "development," "if," "negotiate," "when," "begun," "believe," "achieve," "will," "estimate," "expect," "maintain," "plan," and "continue." Such statements include, but are not limited to, statements regarding the Company's assets including but not limited to its primary Health IT businesses, data from vaccine and clinical trials, and anti-CD20 antibody assets. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from historical results or from any results expressed or implied by such forward-looking statements. These factors include, but are not limited to, risks and uncertainties related to the development and approval of biotechnology/biopharmaceutical product candidates and Health IT products and additional risks discussed in the Company's filings with the Securities and Exchange Commission. All subsequent written and oral forward-looking statements attributable to the Company (or any person acting on the Company's behalf) are qualified by the cautionary statements in this notice. MMR Information Systems, Inc. is providing this information as of the date of this release and, except as required by law, does not undertake any obligation to update any forward-looking statements contained in this release as a result of new information, future events or otherwise.
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CONTACT:
Bobbie Volman
MMR Information Systems, Inc.
(310) 476-7002, Ext. 2005
bvolman@mmrmail.com
Michael Selsman
Public Communications Co.
(310) 553-5732
ms@publiccommunications.biz
To much volume and a drop in price is not the way to go.
Check out the news on WEN today.
WOW the news today was nice.
No volume.
Let it drop. Good chance to buy at great prices.
Good Stuff!
Thanks
Short short and short. Nice buys in 6-12 months.
Did I just piss away my money the last few weeks?
If this continues to trade sideways people will start to fall asleep and then the stock will drop as well.
JASDIP says strong buy!
Red Robin Gourmet Burgers Inc. (NasdaqGS: RRGB - News), the casual dining restaurant operator, recently reported its first-quarter 2010 results. The quarterly earnings of 32 cents per share surpassed the Zacks Consensus Estimate by 4 cents, and up 28.0% from 25 cents posted in the prior-year quarter.
Quarterly Performance
Total revenue in the quarter improved 1.7% year over year to $275.5 million. Red Robin’s total revenue comprises restaurant sales (up 0.3% to $267.5 million), franchise royalties and fees (up 0.4% to $4.2 million) and other revenue (up more than 100.0% to $3.8 million).
Comparable restaurant sales slashed 2.3% for company-owned restaurants in the reported quarter compared with an 8.1% decrease in the comparable period in the prior year, driven by a 2.4% decline in the average guest check, partially offset by a 0.1% increase in guest counts. Comparable sales for franchise restaurants in the U.S. dropped 2.1% year over year, while the same for Canada rose 4.8% year over year.
Selling, general and administrative expenses in the quarter leaped 24.2% year over year to $30.8 million attributable to investment in the company’s television media campaign.
Operating profit of Red Robin spiked up 7.6% year over year to $7.8 million and operating margin was up 10 basis points (bps) to 2.8% in the quarter, as its television advertising initiative lured more guests.
Tax Rate decreased to 17.1% from 25.3% in the previous year comparable quarter, primarily due to more favorable general business and tax credits.
Financial Aspects
Red Robin ended its first quarter with cash and cash equivalents of $13.9 million, total outstanding debt of $170.2 million and with shareholders’ equity of $295.2 million. Total debt includes $113.3 million in borrowings under its $150 million term loan, $50.5 million of borrowings under its $150 million revolving credit facility and $6.3 million outstanding for capital leases.
Outlook
Red Robin reduced its revenue forecast for fiscal 2010 in the range of $872 million to $880 million from its previous expectation of $887 million to $895 million. The company also cut its 2010 earnings estimates to $1.10 to $1.30 per share, from its prior view of $1.27 to $1.45 per share. The company expects comparable restaurant sales to rise between 0% and 1% in fiscal 2010. The company intends to stress more on brand awareness through a national advertising campaign.
In fiscal year 2010, Red Robin plans to open 12 to 13 company-owned restaurants, and 3 to 4 franchised restaurants.
Our Recommendation
As the company has reduced its outlook, we maintain our Zacks #3 Rank on the stock, which translates into a short-term Neutral recommendation. Our long-term recommendation for the stock also remains in the middle of the road at Neutral.
Apart from Red Robin, another stock that promises long-term growth opportunities is Chipotle Mexican Grill Inc. (NYSE: CMG - News), for which we currently have an Outperform recommendation as it remained largely unruffled by the recent economic slowdown and reported a strong first quarter earnings of $1.19 per share, outpacing the Zacks Consensus Estimate of 95 cents.
RED ROBIN GOURMET BURGERS INC (RRGB): Read the Full Research Report
Zacks Investment Research
They are opening that many stores in this economic climate? This thing will come back strong.
Just can't believe this thing took a 20% haircut on that news.
Wonder if anyone out there is tucking any shares away?
JASDIP picks LCRE.
Somebody kick this pig.
Nice.
Wendy’s/Arby’s Group, Inc. Announces Results of 2010 Annual Meeting of Stockholders
Wendy’s/Arby’s Group, Inc. (NYSE: WEN), the parent company of Wendy’s International, Inc. and Arby’s Restaurant Group, Inc., today announced the results of its 2010 Annual Meeting of Stockholders, which was held on May 27, 2010 in New York City.
The Company’s stockholders voted to elect 12 directors: Nelson Peltz, Peter W. May, Clive Chajet, Edward P. Garden, Janet Hill, Joseph A. Levato, J. Randolph Lewis, Peter H. Rothschild, David E. Schwab II, Roland C. Smith, Raymond S. Troubh, and Jack G. Wasserman. Each director will serve until the 2011 Annual Meeting of Stockholders. Eleven of the twelve directors were previous Board members. Peter Rothschild is a newly elected Board member and replaces former New York Governor Hugh L. Carey, who did not stand for re-election.
In addition, the Company’s stockholders voted in favor of the 2010 Omnibus Award Plan and a proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants. The Company’s stockholders voted against a stockholder proposal regarding poultry slaughter.
Following the stockholder meeting, the Board of Directors voted to establish a Director Emeritus position and appointed former Board member, Hugh Carey, as Director Emeritus. Former Governor Hugh Carey has served on the Board for 16 years.
Additionally, the Board approved an increase in the Company’s stock repurchase authorization by $75 million to a total of $325 million. Since the Board authorized a stock repurchase program in 2009, the Company has repurchased approximately 47 million common stock shares for $223.1 million as of May 25, 2010, at an average price of $4.73 per share. The current common stock repurchase program, of which $101.9 million is now available, will remain in effect through January 2, 2011 and allow the Company to make repurchases as market conditions warrant.
Roland Smith, President and Chief Executive Officer of Wendy’s/Arby’s Group, said: "On behalf of the entire board of directors and management team, we thank our stockholders for their support. We share their confidence in the future of our Company as we continue to successfully execute on our goals. We believe Wendy’s/Arby’s Group is well-positioned to create value for our stockholders as we grow sales through distinct premium and value-oriented product offerings. We also plan to effectively control costs and invest in future growth through the development of breakfast at Wendy’s, remodeling of both of our brands and international. We look forward to communicating our progress in the months and years ahead.”
About Wendy's/Arby's Group, Inc.
Wendy’s/Arby’s Group, Inc. is the third largest quick-service restaurant company in the United States, and includes Wendy’s International, Inc., the franchisor of the Wendy’s® restaurant system, and Arby’s Restaurant Group, Inc., the franchisor of the Arby’s® restaurant system. The combined restaurant systems include more than 10,000 restaurants in the U. S. and 24 countries and territories worldwide. To learn more about Wendy’s/Arby’s Group, please visit the Company's web site at www.wendysarbys.com.
Wendy’s/Arby’s Group, Inc. Announces Results of 2010 Annual Meeting of Stockholders
Wendy’s/Arby’s Group, Inc. (NYSE: WEN), the parent company of Wendy’s International, Inc. and Arby’s Restaurant Group, Inc., today announced the results of its 2010 Annual Meeting of Stockholders, which was held on May 27, 2010 in New York City.
The Company’s stockholders voted to elect 12 directors: Nelson Peltz, Peter W. May, Clive Chajet, Edward P. Garden, Janet Hill, Joseph A. Levato, J. Randolph Lewis, Peter H. Rothschild, David E. Schwab II, Roland C. Smith, Raymond S. Troubh, and Jack G. Wasserman. Each director will serve until the 2011 Annual Meeting of Stockholders. Eleven of the twelve directors were previous Board members. Peter Rothschild is a newly elected Board member and replaces former New York Governor Hugh L. Carey, who did not stand for re-election.
In addition, the Company’s stockholders voted in favor of the 2010 Omnibus Award Plan and a proposal to ratify the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants. The Company’s stockholders voted against a stockholder proposal regarding poultry slaughter.
Following the stockholder meeting, the Board of Directors voted to establish a Director Emeritus position and appointed former Board member, Hugh Carey, as Director Emeritus. Former Governor Hugh Carey has served on the Board for 16 years.
Additionally, the Board approved an increase in the Company’s stock repurchase authorization by $75 million to a total of $325 million. Since the Board authorized a stock repurchase program in 2009, the Company has repurchased approximately 47 million common stock shares for $223.1 million as of May 25, 2010, at an average price of $4.73 per share. The current common stock repurchase program, of which $101.9 million is now available, will remain in effect through January 2, 2011 and allow the Company to make repurchases as market conditions warrant.
Roland Smith, President and Chief Executive Officer of Wendy’s/Arby’s Group, said: "On behalf of the entire board of directors and management team, we thank our stockholders for their support. We share their confidence in the future of our Company as we continue to successfully execute on our goals. We believe Wendy’s/Arby’s Group is well-positioned to create value for our stockholders as we grow sales through distinct premium and value-oriented product offerings. We also plan to effectively control costs and invest in future growth through the development of breakfast at Wendy’s, remodeling of both of our brands and international. We look forward to communicating our progress in the months and years ahead.”
About Wendy's/Arby's Group, Inc.
Wendy’s/Arby’s Group, Inc. is the third largest quick-service restaurant company in the United States, and includes Wendy’s International, Inc., the franchisor of the Wendy’s® restaurant system, and Arby’s Restaurant Group, Inc., the franchisor of the Arby’s® restaurant system. The combined restaurant systems include more than 10,000 restaurants in the U. S. and 24 countries and territories worldwide. To learn more about Wendy’s/Arby’s Group, please visit the Company's web site at www.wendysarbys.com.
PQ - Thanks.
Yep thats a nice day. Really appreciate what you guys do here. I'm sure the 5-10% gains are lost on a lot of people but I will take that action all day every day for the rest of my life.
Nice day.
So when does this thing go bang? Also why isn't the whole world buying all these shares up?
Yes it needs to close above the 50.