Updating QUAKER CHEMICAL CORP., FRONTIER COMMUNICATIONS CORP. and CEDAR FAIR L.P.

Article Excerpt

QUAKER CHEMICAL CORP. $30 (www.quakerchem.com) has paid $10.5 million for the 60% of its joint venture in Mexico that it did not already own. It may have to pay an additional $2 million in July 2012, depending on certain circumstances. To put these figures in context, Quaker earned $9.8 million, or $0.79 a share, in the second quarter of 2011. This purchase should help the company sell more specialty chemicals to its automotive and steel customers, which continue to expand in Mexico. Buy. FRONTIER COMMUNICATIONS CORP. $7.30 (www.frontier.com) earned $0.06 a share in three months ended June 30, 2011. That’s down 68.4% from $0.19 a share a year earlier. These figures exclude unusual costs related to Frontier’s July 2010 purchase of 4 million traditional phone accounts from Verizon. Because of this purchase, revenue jumped 156.2%, to $1.3 billion from $516.1 million. Strong demand for high-speed Internet and video services is offsetting slower demand for traditional phone services. Hold. CEDAR FAIR L.P. $18…