All Points Blog
Our Opinion, Your Views of All Things Location

  • HOME

    About Us

    Advertising

    Contact Us

    Follow Us



    Feed  Twitter 

  • RECENT COMMENTS
  • NEWSLETTER

    All Points Blog

    Catching geospatial news that others miss. Delivered daily.

    Preview Newsletter | Archive

  • ARCHIVE
    << July 2011 >>
    S M T W T F S
             1 2
    3 4 5 6 7 8 9
    10 11 12 13 14 15 16
    17 18 19 20 21 22 23
    24 25 26 27 28 29 30
    31            
  • PUBLICATIONS

Tuesday, July 26, 2011

GeoEye Stock Jumps on Takeover Rumor

GeoEye's (GEOY) stock has jumped 17% at midday. Not much on Twitter or other news sources as there is only speculation about the company being a likely takeover target. According to StreetInsider who cited DealReporter, the company has hired Goldman Sachs. Possible bidders include BAE, Northrop, Raytheon and Harris, the usual cadre of defense contractors. And "The Fool.com" believes you shouldn't "read too much into the rumor."  But they do think that GeoEye may be an inexpensive investment at this point due to the fact that the satellite business has a high barrier to entry and their forward P/E looks inviting. As the defense business slumps due to Pentagon budget cuts, these contractors might be looking for a company with a long-term govenment data contract already locked down.

by Joe Francica on 07/26 at 10:30 AM | Comments | Bookmark and Share

All Points Blog Newsletter

Catching geospatial news that others miss. Delivered daily.

Preview Newsletter | Archive

Follow

Feed  Twitter 

Recent Comments

Publications: Directions Magazine | Directions Magazine India
Conferences: Location Intelligence Conference | .Map Conference | GEO Huntsville
© 2014 Directions Media. All Rights Reserved