Watch List: Crocs, Inc. (NASDAQ:CROX), Talisman Energy Inc. (USA)(NYSE:TLM), Ashland Inc.(NYSE:ASH)
Lakeway, NY — (MARKET NEWS CALL) — 2/12/2014— Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market about the small and penny stocks, issues news alert on Crocs, Inc. (NASDAQ:CROX), Talisman Energy Inc. (USA)(NYSE:TLM), Ashland Inc.(NYSE:ASH).
Piper Jaffray upgrades Crocs, Inc.(NASDAQ:CROX) to an Overweight rating.The investment firm initiated coverage on Crox only two weeks at Neutral, but a meeting with top management convinced Piper that profit growth is around the corner.
Ashland Inc.(NYSE:ASH) received three bids for its water chemicals unit as of the Feb. 10 deadline, including a joint proposal from Blackstone (BX) and Danaher (DHR) valued at almost $2B, Bloomberg reports.If the Blackstone-Danaher group wins, it could break up the asset; DHR would keep the operations supplying treatments for municipal water and industrial waste, and BX would acquire the pulp- and paper-chemical side of the business.ASH had said it would exit the water chemicals business as part of an overhaul that includes selling its elastomers unit, which supplies synthetic rubber to tire makers, and focusing on expanding in additives used in cosmetics and pharmaceuticals.
Talisman Energy Inc. (USA)(NYSE:TLM) -1% premarket after posting a worse than expected Q4 loss of $1B with asset impairment charges totaling more than $800M.TLM says it plans to sell another $2B of non-core assets over the next 12-18 months in addition to the $2B-plus it has already raised from asset sales.TLM expects its two core regions – the Americas and Asia-Pacific – to deliver a 14%-19% increase in liquids volumes in 2014 to 111K-115K bbl/day from 97K bbl/day; most of the growth will come from North America and Colombia.Production is seen growing to 350K-365K boe/day from 345K, up 2%-6% Y/Y.Cash flow fell to $580M from $675M; net debt at the end of 2013 totaled ~$4.8B, up from ~$3.7B at year-end 2012.
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Tags: Crocs, Inc. (NASDAQ:CROX), Talisman Energy Inc. (USA)(NYSE