Business Services Industry
Stock Watch: Martha's merger gains may outlive Vornado's; Kmart, Sears linkup offers quick kick; short-sellers could hold key.(Stocks)
Crain's New York Business, November, 2004
Byline: aaron elstein The announcement last Wednesday of a merger between Sears and Kmart drove up the stocks of Vornado Realty Trust and Martha Stewart Living Omnimedia Inc., if only momentarily, as investors speculated on how the landlord and merchandiser could benefit from the $11 billion deal.
The gains for Vornado are tangible but transitory: The big Manhattan-based real estate investment trust stands to reap a quick windfall on the 4.3% stake in Sears that it had revealed earlier in the month. Analysts estimate the gain to be at least $90 million. For beleaguered Martha Stewart, the impact is tougher to calculate, but holds at least the promise of only growing over time. The hope is that the paint, sheets and other household items that have been a hit...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
