Goldman Sachs upgraded Quiksilver from neutral to buy, but then Piper Jaffray downgraded the stock from buy to neutral. Mad Money host Jim Cramer explains how to play this speculative stock.
SYDNEY, Oct 12- Private equity firm TPG has withdrawn a A $694 million takeover bid for Australian surfwear retailer Billabong International Ltd, the second bidder to exit after inspecting its books, knocking the stock to a record low. The TPG withdrawal is a big negative for the stock, "said Stan Shamu, market strategist at IG Markets.
By Miranda Maxwell MELBOURNE, Oct 4- TPG Capital Management LP's. $700 million bid for Billabong International Ltd. Shares in Billabong fell as much as 23 percent to A $1.015, their lowest in more than three months, and last traded down 18.3 percent at A $1.075 before being placed on a trading halt.
MELBOURNE, Oct 4- Australia's Billabong International Ltd lost almost a quarter of its market value after a report said the last remaining bidder, private equity firm TPG Capital Management LP, might follow former suitors and ditch its takeover offer for the surfwear retailer.
Cramer makes the call on viewers' favorite stocks.
Stocks finished lower for the fifth-consecutive week Friday after the disappointing government jobs report in addition to other weak economic news throughout the week indicated signs of a slowdown.
Stocks saw an accelerated selloff in the final hour of trading, led by techs, and were on track to close lower for the fifth-consecutive week after a dismal monthly jobs report indicated signs of an economic slowdown.
See what's happening, who's talking and what will be making headlines on Thursday's Squawk on the Street.
Shares of smaller companies are on track to double the return of their bigger peers. But will they remain turbo-charged into 2011?