Stocks under Focus: Suntech Power Holdings (NYSE:STP) and Aeropostale Inc. (NYSE:ARO)
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Stocks that are being watched this morning are: Aeropostale Inc. (NYSE:ARO), Suntech Power Holdings (NYSE:STP)
Aeropostale Inc. (NYSE:ARO), the clothing chain for teens, is providing the biggest sales discount in America for private-equity companies looking for a deal at the mall.
Following declaring its smallest annual profit in almost a decade and estimating a first-quarter loss, Aeropostale’s (ARO) stock declined last week by the most in two months. That left the firm worth at 0.46 times its revenue in the previous year, the most inexpensive amid similar-sized US specialty-apparel retailers, as per reported by data gathered by Bloomberg.
The $1.1 billion chain, with no debt and a lesser price, as compared to free cash flow, than any of its rivals, could pursue fellow mall retailer Hot Topic Inc. in attracting a takeover, Jefferies Group LLC reported.
How shares of Aeropostale Inc. (ARO) were performing on Monday’s session? Find out in this report
Shares of Aeropostale Inc. (NYSE:ARO) were trading above the trend line among the bullish movers and on last check were seen above 3% with so far volume traded 1.68 million shares.
Suntech Power Holdings (NYSE:STP) defaulted on its convertible bonds on Friday–but its stock is rising anyway.
How Suntech Power Holdings would stand after this move? Find out here
The move forces what was once the world’s largest solar panel manufacturer (STP) into default on credit ties it has with International Finance Corp. and Chinese domestic lenders, Suntech reported on Monday in a statement from its HQ in Wuxi. China Development Bank Corp has loans payable to Suntech.
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