News / Finance
Mid Day News for Tuesday September 13, 2011: Takedown Entertainment Inc., Jacada Ltd., MGM Resorts International, Westport Innovations Inc., Universal Display Corp., QR Energy, Buffalo Wild Wings Inc.
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Takedown Entertainment Inc. (www.takedownentertainment.com) (OTC: TKDN), an authority in the business of mixed martial arts, is pleased to announce that it has signed a Letter of Intent to acquire worldwide distribution rights to past and future MMA fights with League S-70 of Russia, plus certain rights to the brand and sponsorship representation.
League S-70, operating under General Director Sergey Solomatin, is one of the premier MMA organizations in Russia. The promotion consistently features the best MMA athletes in the Russian Federation including Bellator Fighting Championships middleweight tournament champion, Alexander Shlemenko, and the Sherdog.com #1 ranked European prospect, Alexander "Tiger" Sarnavskiy. League S-70's unique approach of importing MMA athletes from across the globe to compete against Russia's finest has garnered the promotion a great deal of national attention. Guests of League S-70 events have included the former MMA Heavyweight Champion Fedor Emelianenko, boxing Heavyweight Champions Vitali and Wladimir Klitschko, and the Prime Minster of Russia Vladimir Putin.
To view the full press release for Takedown Entertainment Inc. (OTC: TKDN), CLICK HERE or visit OFinancialinc.com
Other stocks highlighted include:
Jacada Ltd. (NASDAQ: JCDA), a leading provider of customer service experience management and process optimization solutions for contact centers, announced that Telefónica O2 UK has chosen Jacada Agent Scripting (JAS) Product Suite to enable its Gurus support team to deliver superior customer service.
MGM Resorts International (NYSE: MGM) - Recent and sharp declines in stock price and some solid revenue from domestic operations makes MGM Resorts International a good play for investors, Brean Murray Carret & Co. said Tuesday, while raising its rating on the gaming and entertainment company. "With regional markets maintaining gaming revenue trends through August despite the economic headlines and Las Vegas significantly outpacing regional markets over the last several months, we have increased confidence that Las Vegas gaming trends can surprise on the upside if the economic recovery continues," wrote analyst Ryan Worst.
Westport Innovations Inc. (NASDAQ: WPRT) shares have been climbing steadily since the open of trade Tuesday. The stock is now up 1.73 at $29.41. Westport Innovations has broken out past resistance Tuesday morning and has set a new high for the year.
Universal Display Corp. (NASDAQ: PANL) gapped up slightly Tuesday morning and has climbed higher in the last 10 minutes on increased volume. The stock is now up 2.83 at $54.06. Universal Display Corp. is now challenging the upper end of a 2 1/2 week range.
QR Energy (NYSE: QRE) shares jumped nearly 15 percent on Tuesday, a day after it more than doubled its oil and natural gas asset base, prompting RBC Capital Markets to raise its price target on the company's stock. On Monday, the Houston, Texas-based company said it will buy oil and natural gas assets located in the Permian Basin in Texas, Ark-La-Tex -- the intersection of Arkansas, Louisiana, Texas and Oklahoma -- and the mid-continent. QR Energy is a limited partnership engaged in acquiring, producing, and developing oil and gas properties. RBC said the deal's valuation compares favorably with others in the region that involved a similar mix of oil and gas assets. The brokerage raised its price target on QR Energy's stock by $2 to $27.
Buffalo Wild Wings Inc. (NASDAQ: BWLD) is the only Minnesota company on Fortune magazine's list of the nation's 100 fastest-growing companies. Golden Valley-based Buffalo Wild Wings was ranked 90th by the magazine. Buffalo Wild Wings had three-year averages of 23 percent revenue growth, 25 percent profit growth and 39 percent total return.
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All material herein was prepared by Obsidian Financial Communications, Inc. (OFC) based upon information believed to be reliable. The information contained herein is not guaranteed by OFC to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. OFC is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://OFinancialinc.com or mentioned herein. Takedown Entertainment Inc. (OTC: TKDN) - OFC has not been compensated for TKDN. In addition to any compensation mentioned above, additional compensation can be equal to ten percent of any newly issued or registered securities of the profiled companies. OFC's affiliates, officers, directors and employees may own shares and intend to buy and sell additional shares of the companies mentioned herein and may profit in the event those shares rise in value. OFC will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market. To see OFC's full disclaimer / compensation, please visit our web site: http://ofinancialinc.com/disclaimer
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