Catalyst Corner | E-Blast | Tuesday, July 13th
"I do not think that there is any other quality so essential to success of any kind as the quality of perseverance. It overcomes almost everything, even nature." - John D. Rockefeller
 

In The News

- Stocks rally on earnings hopes
- Trade Deficit in US Unexpectedly Widened in May
- BP to Start Test Today on Cap That May Stop Oil Spill
- Tyco Electronics To Buy ADC For $1.24 Billion In Cash
- Magellan to Buy BP Pipelines, Tanks for $289 Million

Corporate Highlights

-Tyco Electronics to Buy ADC for $1.25 Billion
-CGI Group Again Extends Stanley Tender Offer
-Guessing at Hefner’s Playboy Bid
-Sprint’s Technology Shift Clears Path for Merger
-Avis Said to Top Hertz Bid for Dollar Thrifty
-Apache’s Bargain Hunting at BP Raises Leverage Worries

Pair Trade of the Day

Long WY, Short SPY
On Monday, July 12th, Weyerhaeuser Company (NYSE:WY) announced that their board of directors declared a special dividend of $5.6 billion. This marks a major milestone in the company’s plan to convert to a real estate investment trust (REIT) by distributing its earnings and profits to shareholders.

“Today’s announcement represents the final major step in executing our plan to convert to a REIT,” said Dan Fulton, president and chief executive officer. “The REIT structure best supports our strategic direction and positions Weyerhaeuser for future growth. The tax efficiency of the REIT structure also will enable us to increase our timberland earnings and make higher distributions to our shareholders.” Click to view this pair.

About the Pair Tool
Our proprietary Pair Tool allows users to automatically compare fundamental data while displaying graphically historical trading relationships between any two US publicly traded securities a member selects.

Our Focus List

Our focus list contains companies with significant pending catalysts. Click the company name for additional information.

- VTKT (VeruTEK Technologies, Inc.)
- KXLAF.PK (Kodiak Exploration Ltd.)
- CERP (Cereplast, Inc.)
- OGR.CN (Oro Gold Resources Ltd.)
- ACFN (Acorn Energy, Inc.)
- JUHL (Juhl Wind, Inc.)
- DBLE (Double Eagle Petroleum)

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