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Here are a few news items over the past few days:

I'll start with a positive article on Jos. A. Bank (JOSB). JOSB has been, by far, our best stock this year.

Medtronic (MDT) raised its dividend from 11 cents a share to 12.5 cents a share. The company has increased its dividend every year since 1978. Medtronic also increased its stock buyback plan by 50 million shares, which is about 4.4 % of the outstanding shares.

Shares of Harley-Davidson (HOG) got a boost on Friday due to rumors of a buyout from Honda. Please. There’s no way that would have happened. Honda officially squashed the rumor, and HOG is lower today.

Finally, Bed Bath & Beyond (BBBY) reports earnings on Wednesday. Earlier this month, the company issued its first-ever profit warning. The Street was expecting 39 cents a share, but BBBY said it will be between 36 and 38 cents a share. The stock is down over 8% since then. Historically, earnings for the first quarter make up about 15% of the full-year earnings. I wouldn't be surprised to see EPS of 39 cents.

Posted by edelfenbein at June 25, 2007 1:17 PM