Some rumors can be downright dumb!
RUBO – Yesterday, Rubio's received an unsolicited takeover offer from a group consisting of Alex Meruelo and his affiliates and Levine Leichtman Capital Partners IV, L.P. outlining a proposal to acquire all of the company's outstanding common stock for $8.00 per share.
RUMOR MILL 1 - GMCR – According to StreetAccount, GMCR is trading higher in reaction to the circulation of a rumor that GMCR could replace Affiliated Computer (ACS), which is being purchased by Xerox (XRX), in the S&P 500.
RUMOR MILL 2 - GMCR traded higher last week in reaction to the circulation of a rumor that McDonalds (MCD) could buy it. This is about the most stupid rumor I have heard in a long time. If you think there is any truth to this rumor, MCD is headed a lot lower.
EAT – I published an EAT preview yesterday - EPS beat/revenue miss type of quarter.
SBUX - Starbucks Coffee Japan raised its full-year profit forecast by 50% as cost cutting and higher sales of locally developed drinks helped it boost margins even in the face of slumping sales.
