Investment opinion today..
Wall Street Capital Funding: Investment Alert!
M2 Communications via COMTEX
Nov 5, 2003 6:19:39 PM
Weston, FLA., Nov 05, 2003 (M2 PRESSWIRE via COMTEX) --
Wall Street News Alert's 'stocks to watch'this Tuesday morning are: Hot Brands, Incorporated. (OTC: HTBI), Applied Micro Circuits Co (NASDAQ: AMCC), Xybernaut Corporation (NASDAQ: XYBR), IDEC Pharmaceuticals Corp (NASDAQ: IDPH) and McDonald's Corporation (NYSE: MCD).
Aggressive investors need to watch Hot Brands, Inc. (OTC: HTBI) this morning! Yesterday after the markets closed, the company issued a press release stating that it has signed a letter of intent with Fry Morley Group, Inc., D.B.A.
Alliance Holdings, Inc, to acquire assets. Alliance, a builder, developer, design and consulting company to the hospitality, and restaurant industries, brings international expertise in the manufacturing sector for food processing and packaging.
This is great news for investors! Hot Brands, Inc. operates 43 Hot 'N Now fast food restaurants in Michigan, Wisconsin and Indiana, of which 23 are company owned and 20 are franchised. Alliance's services include: land search, the negotiation of purchase and acquisition; zoning changes; site plan development; the design and build of a proposed facility, the design, layout and installation of specialty production processes; plan development and financing; regulatory compliance. In restaurant and food service, Alliance has provided construction and design services to notable brands such as: Arby's, Burger King, Henry's Burgers, New Beginnings, Schlotzsky's Deli, and several high casual dining facilities.
Investors may want to pay particular attention to the comments made by Hot Brand's Chairman and CEO William E. Curtis, who stated, 'This high-quality team of design &building professionals will add significant value to our company's planed growth for the future, by giving us much greater control over design and production details, during the critical period of our expansion and our franchisees'.' Curtis also stated, 'Based on Fry Morley's management expertise with turnaround projects, we know that we can substantially improve the revenue stream of Hot Brands'properties, and bring them to greater profitability, sooner, through the design and implementation of efficient production processes.'
Investors should keep their eyes on this company. Hot Brands is launching an aggressive effort to acquire other restaurant assets that are synergistic with the Hot 'N Now Business. Hot Brands management has significant experience in the turnaround of distressed restaurant and food properties and will be looking for sound assets that can be bought inexpensively and overhauled quickly towards profitability. The company states that system-wide 2002 gross sales for all 43 restaurants were approximately $25 million annually, and the Hot 'N Now Business currently has over 450 employees. Consummation of the subject acquisition will occur after the execution of a purchase agreement, which is in the process of being finalized. Watch this one!
Stocks showing interesting activity yesterday were: Applied Micro Circuits Co (NASDAQ: AMCC) up 4.9% on 12.7 million shares traded, Xybernaut Corporation (NASDAQ: XYBR) up 13.4% on 11.7 million shares traded, IDEC Pharmaceuticals Corp (NASDAQ: IDPH) down 5.5% on 10.5 million shares traded and McDonald's Corporation (NYSE: MCD) up 2.8% on 9.8 million shares traded.
Commentary: 'Ebay Inc., the largest Internet auctioneer in the world stated it will open a site in Hong Kong before the end of the year as it continues to expand the business model. The Chinese-language site is directed at serving Hong Kong residents that will use eBay and its other sites, attracting old and new clients according to senior vice president Bill Cobb, director of international business for eBay,' Stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: https://www.WallStreetNewsAlert.com.
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