Fact or Fiction?
M&A action might be fairly quiet right now but speculation about the next takeover target remains as strong as ever. So, what’s fact and what’s fiction?
New York Times
New York City Mayor Michael Bloomberg on Monday dismissed media reports that he could be a suitor for the New York Times Co, saying he is not interested in getting into the newspaper industry.
Bloomberg, who before becoming mayor founded Bloomberg LP, a financial news and information service, has been encouraged by people close to him to buy the New York Times Co and save the company from shareholder assaults, according to a recent report in Newsweek magazine.
I think there are two chances that the New York Times gets bought by Bloomberg and that’s slim and none, exclaims Jeff Macke.
Options action in Radio Shack suggests to me that this stock could go higher, says Pete Najarian.
Under Armour also traded sharply higher on virtually no news, Najarian explains. It’s worth keeping an eye on too.
Action in this stock is similar to what we saw in UnderArmour and Crocs about 6 months ago, reveals Najarian.
If you don’t know who the sucker is at the table, the sucker is probably you exclaims Jeff Macke. Don’t chase any of these stocks!
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Trader disclosure: On Apr. 21, 2008, the following stocks and commodities mentioned orintended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (DIS), (YHOO), (MSFT), (HAS), (INTC); Najarian Owns (AAPL), (XLF), (YHOO), (UA) (NOK); Najarian Owns (BHI) Calls, (CHK) Calls, (MSFT) Calls, (RSH) Calls, (POT) Calls, (ICO) Calls; Finerman Owns (GS); Finerman's Firm And Finerman Own (MSFT); Finerman's Firm Owns (SUN), (TSO), (VLO), (WMT), (YHOO), (BJS); Finerman's Firm Is Short (IYR), (IJR), (MDY), (SPY), (IWM); Finerman's Firm Owns Shares Of Expro International Group PLC; Finerman's Firm Is Short Pounds; GE Is The Parent Company Of CNBC; NBC Universal Is The Parent Company Of CNBC; Charles Schwab Is A Sponsor Of "Fast Money"