Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, March 12, 2010

Article Excerpt

CEDAR FAIR L.P., $11.14, New York symbol FUN, is the target of a friendly, $11.50-a-unit takeover offer from Apollo Global Management, a private-investment firm. Cedar Fair owns 11 amusement parks, six outdoor water parks, one indoor water park and five hotels, mostly in the midwest and northeastern U.S. Apollo needs two-thirds of Cedar Fair’s investors to agree to its takeover. Another private-equity firm, Q Funding III LP, holds 10% of Cedar Fair and opposes Apollo’s offer. However, the units are trading at about 3% below the offer, which indicates that investors don’t expect a higher bid. We recommend that Cedar Fair unitholders tender their holdings to the Apollo Global offer. BROADRIDGE FINANCIAL SOLUTIONS INC., $22.20, New York symbol BR, serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. Broadridge mails and processes 70% of all proxy votes. The company stands to gain as more investors buy shares during the stock-market rebound. As well, it should benefit…