BLACKSTONE BUYING EVERYTHING:
The news: Blackstone Group said it agreed to acquire control of Tussauds Group, the owner of Madame Tussaud's wax museums, for GBP 1.03 billion ($2 billion), creating the world's second-biggest theme-park company by visitors after Walt Disney . Also The Blackstone Group is rumored to be interested in Daimler Chrysler and Madame Tussaud’s.
The word: Tim Strazzini said when news came out that GM might buy Daimler the stock hit highs because investors thought that was a good fit. Is private equity as strong a fit? He's not sure.
PALM READS FUTURE:
The news: Palm is consulting with investment bankers on its options, ranging from a sale, an investment by private equity or a take over.
The word: Pete Najarian said the stock is up 11%. It's a little risky for an outright stock play but he likes the call options. He is a buyer of the March $17.50 calls.
HONEYWELL TO MAKE FLAT PANEL TV'S:
The news: Honeywell signed a licensing agreement to put its name on flat panel TV's.
The word: Adami said maybe their dipping their toe in the consumer electronic business. Honeywell has a great brand name. The story is Honeywell has had a great run and this flat panel TV venture is nonsense.The stock won't be affected by the news.
The News: The Yen carry trade is it roiling the markets.
The word: Bolling said people see emerging markets doubling in a year that was fueled by people borrowing yen cheaply and then going into higher risk investments.
On MAR 5, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders.
Strazzini: Gold,(MER), LBF
Bolling: Gold, Silver, Soybeans, Short Corn, S&P Futures, short Nasdaq futures, NMX
Najarian Owns (PALM)