Zacks Analyst Blog Highlights: Ford Motor Co., General Motors Co., Toyota Motor Co., Eagle Test Systems, Inc. and Teradyne, Inc

Business Wire, Sept 26, 2008

CHICAGO -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Ford Motor Co. (NYSE: F), General Motors Co. (NYSE: GM), Toyota Motor Co. (NYSE: TM), Eagle Test Systems, Inc. (Nasdaq: EGLT) and Teradyne, Inc. (NYSE: TER).

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Here are highlights from Thursday's Analyst Blog:

The Big 3 Get a Bailout

Yesterday, I talked about how one of unintended consequences of the proposed bailout was that a major appropriations bill is being considered without much publicity. Last night, we saw another piece of legislation fly under radar - a bailout for U.S. automakers.

The House passed a bill providing Ford (NYSE: F), General Motors (NYSE: GM), privately-held Chrysler and various parts suppliers with a $25 billion loan package. Payments are not due for five years and the interest rates are as low as 4%.

Detroit's automakers failed to learn from history and now the House is giving them our money to fail again. In the 1970s, the Big 3 got caught with their pants down when oil prices jumped. Last year, the Big 3 again was caught with a line of gas guzzlers, while Toyota (NYSE: TM) took market share with hybrid vechicles.

Eagle Test Sells for a Profit

Headquartered in Buffalo Grove, Illinois, Eagle Test Systems, Inc. (Nasdaq: EGLT) designs, manufactures, sells and services automated test equipment (ATE) for the semiconductor industry. The company's test systems test analog, mixed-signal, and RF (Radio Frequency) semiconductor devices.

Teradyne, Inc. (NYSE: TER) has offered to acquire Eagle Test Systems for $250.0 million. Teradyne values EGLT at $15.65 a share, representing a 10.4% premium to Friday's closing price of $14.18. The firm recently also agreed.

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