Top Consumer Stocks
Consumer stocks were slightly higher today with shares of
consumer staples companies in the S&P 500 rising about 0.2%.
Shares of consumer discretionary firms in the S&P 500 were
ahead about 0.1%.
In company news, shares of Isle of Capri Casinos Inc. (
) advanced to a three-year high Wednesday after analysts at
Deutsche Bank today speculated Gaming and Leisure Properties (
) could pay as much as a 78% premium for the gambling company over
its closing share price last night.
In a new research note, the Deutsche analysts said GLPI could
pay up to $15.82 a share for ISLE, or about $1.62 billion overall
including debt. Deutsche also said a sale leaseback of selected
ISLE properties are possible, although it believes outright sale
seems more likely.
ISLE shares rallied to a high of $10.20 each earlier today,
crossing $10 a share for the first time since January 2011, before
easing into the current range around $9.90 a share, up 11%. Over
the past 12 months, the stock has risen just over 25%.
GLPI recently was up 3% at $35.94 a share.
In other sector news,
(+) VITC, (+27.0%) Agrees to $280 mln buyout by Kroger (
), with VITC shareholders receiving $8 per share in cash for each
share they now own.
(-) GPRO, (-10.3%) Falls for the first time in five sessions
after Dougherty & Co. rates the company as a Buy with a $28
price target but analyst Charlie Anderson also cautions during TV
interview its multiples already are "up there in the
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