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The Capitalist Newsletter – November 15, 2016

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SAMSUNG TO ACQUIRE CAR TECH COMPANY HARMAN INTERNATIONAL; BUYS WAY INTO AUTO INDUSTRY WITH $8 BILLION


On Monday, South Korean smartphone maker Samsung announced its entrance into a new field; the automotive industry. Samsung is all set to purchase Harman International Industries, Inc. in an all cash $8 billion deal. Samsung is paying quite a premium here and has no track record in the auto industry, but is the risk worth the reward?

Read The Capitalist’s Take Here

Read More at USA Today

Read More at Fox Business


FED STANDS PAT, MOVES CLOSER TO RATE HIKE

American Apparel LLC is headed to the bankruptcy auction block next month with a deal that means a new home for its brands and hope for its Los Angeles-based manufacturing and distribution operations, but a big question mark for the fate of the retailer’s 110 stores. A beleaguered manufacturer and retailer of young adult fashion, American Apparel returned to bankruptcy Monday after months of scrambling for money and a buyer, less than a year after an earlier court-approved chapter 11 turnaround ran off the rails, according to court papers.

Read More at Wall Street Journal Here

Read More at Forbes Here

Read More at Fortune Here


ESTEE LAUDER TO GO AFTER MILLENNIALS; ACQUIRES MAKEUP BRAND TOO FACED FOR $1.45 BILLION

Estee Lauder Cos., making the biggest acquisition in its history, agreed to buy cosmetics company Too Faced for about $1.45 billion, scooping up a makeup brand that’s popular with millennials. Too Faced, which is expected to top $270 million in net sales this year, will help Estee Lauder expand in e-commerce and specialty stores, according to a statement Monday. The purchase is expected to be completed next month.

Read More at Bloomberg Here

Read More at Reuters Here

Read More at Teen Vogue Here


Closing Bell

– Monday, November 14th

Financials Lead the Way as Dow Finishes Up but S&P and Nasdaq Slip

Big Insider Trades

– Sterling Bancorp. (STL) Director James Deutsch Sells Another $2.25 m

– Spark Energy, Inc. (SPKE) Execs Buy $1m

Winners & Losers

– DryShips, Inc. (DRYS) Continues to SKYROCKET UP (215.15%) Following Financial Restructuring of its Bank Credit Facilities

– Dynavax Technologies Corp. (DVAX) Plummets DOWN (64.66%) After FDA Rejects Company’s Hepatitis B Vaccine

The TIP Sheets

– Monday, November 14th

– Harman International Industries, Inc. (HAR) Shoots UP 25.18% After Announcing the Company is Being Purchased by South Korean Smartphone Maker Samsung for $8 Billion. Expect Shares to Continue UP

Unusual Volume

– Mentor Graphics Corp. (MENT) Jumps UP (18.29%) on 36m Shares Traded After Siemens Announces Acquisition of Mentor for $4.5 Billion to Boost Software Business. Expect Shares to Continue UP

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