Chivas USA, New Zealand national team to meet in charity tournament
(AP) — USA Truck is disappointed Knight Transportation made public its unsolicited takeover offer of about $94.5 million and says the company is being misleading in its version of events. On Thursday, Knight Transportation Inc. disclosed it had offered $9 per share for rival trucking company USA Truck Inc. Knight Transportation put the deal’s total value at about $242 million, including approximately $147 million in USA Truck outstanding debt. Knight Transportation claimed that USA Truck had not been interested in a deal and that it would consider “modestly” raising its offer if it finds more value in USA Truck during a due diligence process. Knight Transportation also announced that it has already purchased about 8 percent of USA Truck’s outstanding stock. In its response, USA Truck said its board previously reviewed Knight Transportation’s offer and unanimously determined that it undervalues the company and is not in its shareholders’ best interests. USA Truck said it had offered to meet with Knight Transportation to talk about why it considered the bid inadequate, but that Knight Transportation turned down the offer to meet. USA Truck said Knight Transportation also said it saw no point in having further talks about a possible transaction at that time. USA Truck said that it is still open to all strategic options, including further talks with Knight Transportation. But the company added that it still feels that moving forward with its strategic plan provides superior value to its shareholders.
USA Cheer Appoints First Director of Safety
One interesting put contract in particular, is the January 2015 put at the $10 strike, which has a bid at the time of this writing of 70 cents. Collecting that bid as the premium represents a 7% return against the $10 commitment, or a 5.4% annualized rate of return (at Stock Options Channel we call this the YieldBoost). Click here to find out the Top YieldBoost Puts of the S&P 500 Selling a put does not give an investor access to BZHs upside potential the way owning shares would, because the put seller only ends up owning shares in the scenario where the contract is exercised. And the person on the other side of the contract would only benefit from exercising at the $10 strike if doing so produced a better outcome than selling at the going market price. ( Do options carry counterparty risk? This and six other common options myths debunked ). So unless Beazer Homes USA, Inc. sees its shares fall 45% and the contract is exercised (resulting in a cost basis of $9.30 per share before broker commissions, subtracting the 70 cents from $10), the only upside to the put seller is from collecting that premium for the 5.4% annualized rate of return. Below is a chart showing the trailing twelve month trading history for Beazer Homes USA, Inc., and highlighting in green where the $10 strike is located relative to that history: The chart above, and the stocks historical volatility, can be a helpful guide in combination with fundamental analysis to judge whether selling the January 2015 put at the $10 strike for the 5.4% annualized rate of return represents good reward for the risks. We calculate the trailing twelve month volatility for Beazer Homes USA, Inc. (considering the last 250 trading day closing values as well as todays price of $18.13) to be 47%. For other put options contract ideas at the various different available expirations, visit the BZH Stock Options page of StockOptionsChannel.com.
27, 2013 /PRNewswire-USNewswire/ –USA Cheer has appointed Karen Lew to a new position of Director of Safety. Karen Lew, MEd., ATC, LAT, is the Clinical Coordinator for the Athletic Training Program at the University of Miami and is also actively involved in a variety of athletic training related organizations and initiatives. “Karen’s background in athletic training, coupled with her strong advocacy for athlete safety, makes her a perfect fit for USA Cheer’s mission of ensuring that cheerleading remains one of the safest athletic activities for young people to participate in,” says Bill Seely, Executive Director for USA Cheer. “Karen has always taken a proactive approach to athlete safety and will be an amazing resource for our organization and the millions of cheerleaders we serve across the United States.” Lew, who has published three textbooks on Athletic Training, received her Masters of Education in Exercise Science from the University of Louisiana, Monroe. A veteran presenter, she has spoken at more than 40 national conferences. Lew serves as the Co-Chair for the Southeast Athletic Trainers Association Educators Meeting and the Athletic Trainers Association of Florida. “As someone who has worked closely with cheerleaders and coaches for more than 20 years, I have a passion for making sure that any athlete that wants to cheer can do so in a safe environment,” says Lew. “Cheerleading is a positive activity, and I share USA Cheer’s mission of serving these great athletes.” “We created the position for Karen Lew to continue the tremendous strides we have made over the last five years in cheerleading safety,” says Bill Seely, Executive Director of USA Cheer. “Karen can focus on initiatives that will help educate the cheerleading community, including parents, cheerleaders and coaches.” USA Cheer has made great strides over the last several years in significantly reducing injuries, making it one of the safest athletic activities for young people. To continue this tremendous momentum, USA Cheer, with Lew at the helm, will work closely with the American Association of Cheerleading Coaches and Administrators and the U.S. All Star Federation on matters of cheer safety and will also outreach directly to cheerleaders, their coaches and parents and school administrators to ensure all cheerleaders are able to practice and perform in safe environments. She will be a major contributor to the CheerSafe.org network and will tweet via @CheerSafe. For more information, please contact Sheila Noone, firstname.lastname@example.org or 901-251-5959. About USA Cheer The USA Federation for Sport Cheering is a not-for profit organization and is the national governing body for all disciplines of cheerleading.
(Darryl Dyck / Associated Press / September 1, 2013) By Kevin Baxter September 27, 2013, 7:41 p.m. Chivas USA , the New Zealand national team and a pair of clubs from Mexico’s first division are expected to compete in a planned soccer tournament, the Los Angeles Cup, next month, as part of an effort to raise funds for hurricane victims in Mexico. The tournament will kick off with an Oct. 9 doubleheader at Citrus College. New Zealand meeting Mexico’s Queretaro in the first match at 7 p.m. followed by Chivas against Veracruz. On Oct. 12 at the Los Angeles Memorial Coliseum , Chivas will play New Zealand, which is preparing for a two-leg playoff in November for a final spot in the 2014 World Cup . A portion of the tournament’s ticket proceeds will go to victims of hurricanes Ingrid and Manuel. Some Chivas players recently had their heads shaved as part of a charity effort to support cancer patients. “At the end of the day we want to give back to people,” said Chivas midfielder Carlos Alvarez. “So with all that is going on over there in Mexico after the hurricanes, being able to help the people is something unbelievable and something we should look forward to.” Added captain Dan Kennedy: “It’s nice to be part of any type of relief fund to help somebody out. And it’s based around a game that we all love and play for a living.” El Salvador’s Alianza FC will also play in the tournament against an opponent yet to be named.