Struggling nursing home operator Assisted Living Concepts (NYSE: ALC) has received a much-needed lifeline from privately held investment firm TPG in the form of a $278 million buyout offer. News of the merger comes at an opportune time for Assisted Living Concepts. The company had not reported a quarterly profit in almost a year and had actively sought a buyer for several of its older facilities in order to finance more »
I tend to be skeptical about investing in stocks that have enjoyed substantial run-ups that I missed out on. Like Benjamin Graham, I like my cigarette-butt stocks and reject the idea of riding momentum to success. But the more I observe the market, the more I start to realize that value can exist in stocks that are feeling the love from Wall Street.
Today, I'll make my first pick more »
There has been a general slowing in the number of stocks making breakout moves on volume. Not there has be a slowdown in the number of stocks making all-time highs, but only of movers-and-shakers making near-term highs backed by volume buying. Three stocks to make an appearance were Alere Inc (NYSE: ALR), Emeritus Corp (NYSE: ESC), and DreamWorks Animation (NASDAQ: DWA).
Alere develops and manufactures patient diagnosis, monitoring, and health more »