Topic: Growth Stocks

Wall Street Stock Forecaster Hotline – Friday, February 11, 2011

Article Excerpt

BECKMAN COULTER INC., $82.78, New York symbol BEC, has accepted a friendly, $83.50-a-share takeover offer from Danaher Corp. (New York symbol DHR). Beckman shareholders and regulators must still approve the deal, but it should close by June 30, 2011. The stock is trading below Danaher’s offer, which indicates that investors do not expect a higher offer. Beckman Coulter is still a hold. BROADRIDGE FINANCIAL SERVICES INC., $22.59, New York symbol BR, fell slightly this week after the company reported lower-than-expected quarterly earnings. Broadridge serves the investment industry in three main areas: investor communications, securities processing and transaction clearing. It mails and processes 66% of all proxy votes. The company is seeing less demand for its event-driven proxy services from mutual-fund companies. That’s because these clients are holding fewer special meetings to approve changes to the directors of these funds and other non-recurring events. As a result, the company earned $10.6 million in its fiscal 2011 second quarter, which ended December 31, 2010. That’s down…