Morning Movers 10/03: BNI, DDRX, BDK, AIMC, RTEC, MEDW Higher; CKEC, TPGI, IBCP, NSTC, CMLS, HEB Lower

November 3, 2009 10:39 AM EST

Burlington Northern Santa Fe Corporation (NYSE: BNI) 28.4% HIGHER; The boards of directors of Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) and Burlington Northern today announced a definitive agreement for Berkshire Hathaway to acquire for $100 per share in cash and stock the remaining 77.4% of outstanding BNI shares not currently owned to increase its holdings to 100%. Based on the number of outstanding BNI shares (including shares currently owned by Berkshire) on Nov. 2, 2009, the transaction is valued at approximately $44 billion, including $10 billion of outstanding BNSF debt, making it the largest acquisition in Berkshire Hathaway history. Click here for the full report.

Diedrich Coffee, Inc. (NASDAQ: DDRX) 25.1% HIGHER; Peet's Coffee & Tea, Inc. (NASDAQ: PEET) and Diedrich announced today that they have entered into a definitive agreement under which Peet's will acquire Diedrich in a cash-and-stock transaction valued at $26.00 per share or a total value of approximately $213 million.

Carmike Cinemas, Inc. (NASDAQ: CKEC) 24.1% LOWER; reports Q3 loss of $1.62, which may not compare to the analyst estimate of $0.14. Revenue for the quarter was $122.4 million, which compares to the estimate of $125.30 million.

Black & Decker (NYSE: BDK) 24% HIGHER; Stanley Works has agreed to acquired Black & Decker in a merger that will create an $8.4 billion global industrial leader in an all-stock transaction valued at $4.5 billion. The merger has caused a 20 percent jump in the stock price for Black & Decker in the after-hours market. Click here for the full report. Black & Decker shareholders will receive a fixed ratio of 1.275 shares of Stanley common stock for each share of Black & Decker common stock that they own as of October 30, 2009. This gives an implied premium of 22.1 percent to the Black & Decker share price.

Altra Holdings Inc. (NASDAQ: AIMC) 23.7% HIGHER; reports Q3 EPS of $0.06, 6 cents better than the analyst estimate of $0.00. Revenue for the quarter was $104.8 million, which compares to the estimate of $103.35 million. Narrows FY EPS guidance to $0.20-$0.25, versus the consensus of $0.20. The stock was also upgraded at Baird.

Thomas Properties Group Inc. (NASDAQ: TPGI) 22.6% LOWER; reports Q3 non-GAAP EPS of $0.02, compared to $0.15 in the same quarter last year. Revenue for the quarter was $42.88 million, versus $25.72 million in Q308.

Rudolph Technologies (NASDAQ: RTEC) 18.2% HIGHER; reports Q3 loss of $0.07, 10 cents better than the analyst estimate of ($0.17). Revenue for the quarter was $23.3 million, which compares to the estimate of $18.90 million.

Independent Bank Corp. (NASDAQ: IBCP) 17.9% LOWER; to be replaced by Emergent BioSolutions (NYSE: EBS) in the S&P SmallCap 600.

Ness Technologies, Inc. (NASDAQ: NSTC) 17.7% LOWER; reports Q3 EPS of $0.09, 1 cent better than the analyst estimate of $0.10. Revenue for the quarter was $164.1 million, which compares to the estimate of $145.92 million.

Mediware Information Systems (NASDAQ: MEDW) 17.5% HIGHER; reports Q3 EPS of $0.08, 3 cents better than the analyst estimate of $0.05. Revenue for the quarter was $10.70 million, which compares to the estimate of $10.68 million.

Orchard Enterprises (Nasdaq: ORCD) 17.3% HIGHER; continuing higher today following yesterday's news that Dimensional has proposed a purchase at $1.84. The stock surged nearly 40% yesterday. Click here for the full report.

Cumulus Media Inc. (NYSE: CMLS) 17.3% LOWER; reports Q3 loss of $3.56, compared to the $0.14 gain reported in the same quarter last year. Revenue for the quarter was $65.1 million, which compares to the estimate of $64.80 million.

Texas Roadhouse, Inc. (NASDAQ: TXRH) 16.8% HIGHER; reports Q3 EPS of $0.15, cents better than the analyst estimate of $0.12. Revenue for the quarter was $226.50 million, which compares to the estimate of $226.73 million. Sames stores sales down 4.6%. See Fy09 EPS growth about 20%.

Sonic Solutions (NASDAQ: SNIC) 16.6% HIGHER; Best Buy Co., Inc (NYSE: BBY) and Sonic Solutions announced a strategic relationship that will result in a new Best Buy customer offering in its growing line-up of digital entertainment products. The new on-demand movie and entertainment service will be powered by Sonic's Roxio CinemaNow™ and will allow consumers to have access to buy or rent a vast library of premium content.

U.S. Energy Corp. (Nasdaq: USEG) 14.8% HIGHER; today announced the initial production rate from its BCD Farms 16-21 #1H Bakken well and provided an operations update regarding the Williston Basin drilling program. View the release.

Hemispherx Bio (AMEX: HEB) 14.3% LOWER; continuing lower today following yesterday's Ampligen update.

Technitrol (NYSE: TNL) 14.1% LOWER; reports Q3 EPS of $0.11, 4 cents better than the analyst estimate of $0.07. Revenue for the quarter was $101.4 million, which compares to the estimate of $104.07 million. Sees Q4 revenus of $103-$106 million, verus the consensus of $108.1 million. Sees Q4 operating profit up from Q3.

Questcor Pharmaceuticals, Inc. (NASDAQ: QCOR) 13.6% LOWER; reports Q3 EPS of $0.02, 9 cents below the analyst estimate of $0.11. Revenue for the quarter was $13.9 million, which compares to the estimate of $22.89 million. Sees full year gross margin 91-93%.

Cedar Fair LP (NYSE: FUN) 13.3% LOWER; reports Q3 EPS of $1.92, versus the analyst estimate of $1.94. Revenue for the quarter was $519.91 million, which compares to the estimate of $533.45 million.

Chelsea Therapeutics (NASDAQ: CHTP) 13.3% LOWER; reports Q3 loss of $0.22, 6 cents better than the analyst estimate of ($0.28).

Resource Capital Corp. (NYSE: RSO) 13% HIGHER; reports Q3 EPS of $0.30, compared to $0.41 in the same quarter last year. Revenue for the quarter was $13.29 million, versus $13.65 million in Q308.

Nymagic Inc. (NYSE: NYM) 12.7% HIGHER; reports Q3 EPS of $1.68, versus the analyst estimate of $0.55.

Dollar Financial (Nasdaq: DLLR) 12.4% HIGHER; reports Q1 EPS of $0.66, above the analyst estimate of $0.41.

Allied Irish Banks (NYSE: AIB) 12.4% LOWER; continuing lower following yesterday's 10% decline.

Park-Ohio Holdings Corp. (Nasdaq: PKOH) 12.1% LOWER; reports a Q3 loss of $0.29 vs. consensus of $0.18 profit (NOTE - only 1 analyst) Net sales were $168.6 million for third quarter 2009, a reduction of 37% from net sales of $266.1 million for third quarter 2008. (Consensus is $169.60 million) The stock was also downgraded at Morgan Joseph.

Energizer Holdings Inc. (NYSE: ENR) 11.7% LOWER; reports Q4 EPS of $0.98, versus the analyst estimate of $1.16. Revenue for the quarter was $1.08 billion, which compares to the estimate of $1.06 billion. Sees FY10 low double digit growth in net ex-items.

Drew Industries Incorporated (NYSE: DW) 11.6% HIGHER; reports Q3 EPS of $0.33, versus the analyst estimate of $0.18. Revenue for the quarter was $293.25 million, which compares to the estimate of $116.99 million.

Entercom Communications (NYSE: ETM) 11.5% LOWER; reports Q3 EPS of $0.28, ex-items, 4 cents lower than the analyst estimate of $0.32. Revenue for the quarter was $99.8 million, which compares to the estimate of $100.75 million.

Bank of Ireland (NYSE: IRE) 11.1% LOWER; fell 8% yesterday and is continuing lower today.

Ener1 Inc. (NYSE: HEV) 11% HIGHER; Deutsche Bank initiates coverage on with a Buy. Price target $11. Click here for the full report.

Peet's Coffee (Nasdaq: PEET) 10.4% HIGHER; see Diedrich.

The Corporate Executive Board Company (NASDAQ: EXBD) 10.2% HIGHER; reports Q3 EPS of $0.41 vs. consensus of $0.28. Revenues decreased 25.0% to $106.8 million vs. $103.85 million consensus. The Company is updating its 2009 guidance and now expects revenues ranging from $430 to $440 million, non-GAAP diluted earnings per share of $1.40 to $1.50, depreciation and amortization expense of $22.5 to $23.5 million and an Adjusted EBITDA margin of between 23.0% and 24.0%. (Consensus is $433.25M and $1.34, respectively)

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