Time To Buy? Emerson Radio Corp(MSN), Dave & Buster’s Entertainment, Inc.(PLAY) and Boston Scientific Corporation(BSX)
New York, NY – GDP INSIDER – 02/19/2015.
This article discusses three companies: Emerson Radio Corp(NYSEMKT:MSN), Dave & Buster’s Entertainment, Inc.(NASDAQ:PLAY) and Boston Scientific Corporation(NYSE:BSX)
Emerson Radio Corp(NYSEMKT:MSN) surged on Wednesday by 27% following the release of its third quarter’s results. The consumer electronics company reported a 9.8% increase in sales in the third quarter 2015, and its operation profit surged by $1.6 million or 243% from the same period a year ago. The company earned $2.9 million compared to a loss of $1.4 million in 3Q 2014. The significant improvement in profits and better consumer retail outlook for 2015 are both positive trends for MSN. The shares traded as high as $2.34 over the past 52-weeks. The increase yesterday came from close to a 52 week low in the share price.
Dave & Buster’s Entertainment, Inc.(NASDAQ:PLAY) stock price has done nothing but go up since its IPO in October 2014. The value has increased by 76%, and the company announced a secondary offering in late January. It has substantially outperformed the S&P 500, up by 8.5% over that period. The restaurant and adult game room has outperformed expectations. The management team at PLAY is strong, and it could continue to grow and outperform. Ongoing improvements in consumer spending in the U.S. benefit recreation related stocks like PLAY. The stock has always traded above its EMA, and there is no reason it cannot continue to outperform.
The shares of Boston Scientific Corporation(NYSE:BSX) surged 12.4% yesterday after it announced a settlement with Johnson & Johnson(NYSE:JNJ) related to its acquisition of Guidant in 2006. J&J was seeking $7 billion in damages as its alleged Guidant did not honor its merger agreement. Boston Scientific Corporation settled the case for $600 million, eliminating an overhang on the stock. The deal had haunted the company since it was announced that it won the bidding war versus J&J by offering $9 more per share. The company has taken write-downs resulting from its overpayment for Guidant. The elimination of the overhang is positive for investors and could drive the shares higher.
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