Back to top

Press Releases

The Zacks Analyst Blog Highlights: Brunswick, Western Union, MoneyGram International, Visa and Fiserv

BC WU MGI V FISV

 ZacksTrade Now

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext.  9339.

For Immediate Release

Chicago, IL – August 8, 2013 – 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 Brunswick Corporation (BC - Snapshot Report)-Free Report), Western Union Co. ((WU - Analyst Report)-Free Report), MoneyGram International Inc. ((MGI - Analyst Report)-Free Report), Visa Inc. ((V - Analyst Report)-Free Report) and Fiserv, Inc. ((FISV - Analyst Report)-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday’s Analyst Blog:

Brunswick Selling Yacht Brands

A manufacturer of recreational and lifestyle products Brunswick Corporation (BC - Snapshot Report)-Free Report) recently completed the sale of its sportfishing convertible yacht brands, Hatteras and Cabo to Navis HCY Acquisition. Navis HCY Acquisition is an affiliate of Philadelphia investment firm Versa Capital Management LLC.

Brunswick purchased Hatteras Yachts in 2001 and Cabo in 2006 and announced its intention to sell these brands in Jan 2013. Following this divestiture, the company expects to focus on its remaining core yatch brands which now include the Sea Ray and Meridan brands.

The terms of the transaction were not disclosed. However, the two brands will continue to operate from New Bern and retain their current workforce.

Brunswickhas been consistently reviewing and refining its product portfolio and trying to focus its resources on core brands. In Jul 2010, Brunswick sold its Triton Boats to Fishing Holdings, LLC, an affiliate of Platinum Equity. By selling its non-core brands, Brunswick tries to maintain its leadership position in the recreational and fishing boat markets.

Late last month, Brunswick announced its second quarter results. The company delivered an adjusted profit of $1.23 per share in the second quarter of 2013, up 18% from the prior-year quarter. Earnings were also better than the Zacks Consensus Estimate of $1.08 per share by 13.9%.

Revenues in the quarter edged up 4%, led by growth in outboard marine products, marine parts and accessories, fitness equipment and U.S. retail bowling. Improved operating efficiencies and cost reduction measures improved gross margin by 60 basis points.

WU Strengthens Network in Europe

In an effort to solidify its agent network in U.S. and Europe, Western Union Co. ((WU - Analyst Report)-Free Report) has renewed its agreement with affiliates of Axcess Financial, a financial service provider.  Its affiliates Check ‘n Go and Cheque Centre will continue to provide service to customers.

Check ‘n Go is a U.S.-based small dollar lender for short-term. Cheque Centre is one of the UK’s leading alternative retail financial services companies with stores throughout Scotland, England, Wales and Northern Ireland. 

Western Union will continue to provide money transfer service via more 1000 locations of Check ‘n Go in the U.S. Other services like money order, and bill payment services will also be provided.

In the U.K., Western Union will provide money transfer service via Cheque Centre in more than 500 locations. 

Western Union already has a significant presence in both Europe as well as U.S. Another money transfer company MoneyGram International Inc. ((MGI - Analyst Report)-Free Report) is also actively present in these regions.

Western Union is aggressively expanding its agent locations in order to gain a greater market share in the global money transfer market. Its total agent locations increased 10,000 year over year to 520,000 as of end of the second quarter of 2013.

In order to gain market share, Western Union is also developing other new age technology offerings such westernunion.com, prepaid, mobile and online transfer via banks.  

These initiatives undertaken by Western Union will ramp up its growth profile going forward.

Western Union currently retains a Zacks Rank #3 (Hold).

Other players providing money transfer facility across the globe are Visa Inc. ((V - Analyst Report)-Free Report) and Fiserv, Inc. ((FISV - Analyst Report)-Free Report).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on BC - FREE

Get the full Report on WU - FREE

Get the full Report on MGI - FREE

Get the full Report on V - FREE

Get the full Report on FISV - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339

support@zacks.com

http://www.zacks.com

 

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.14 +14.20%
ANI PHARMACE ANIP 23.63 +9.30%
E HOUSECHINA EJ 10.95 +8.85%
CANADIAN SOL CSIQ 26.70 +6.08%
KNIGHTSBRIDG VLCCF 12.45 +5.33%