Topic: Growth Stocks

The Stock Pickers Digest Hotline – Friday, February 1, 2008

Article Excerpt

RESTORATION HARDWARE, $4.49, symbol RSTO on Nasdaq, agreed this week to accept a reduced $4.50 a share buyout offer from Catterton Partners, a leading U.S. private equity firm. Restoration had previously accepted a $6.70 a share buyout offer from Catterton. Restoration accepted the lower offer after falling housing markets and a weakening U.S. economy hurt its sales. Catterton is also providing Restoration with a $25 million loan for working capital. Restoration Hardware is a U.S. specialty retailer of high-quality home furnishings. Over the nine-week holiday season ended January 5, 2008, its sales fell 1% from a year earlier. Restoration Hardware is still a hold. 20-20 TECHNOLOGIES, $6.50, symbol TWT on Toronto, is a leading maker of computer-aided design, sales, engineering and manufacturing software for the interior design and furniture industries. The Montreal-based company serves clients in 100 countries and markets software in 23 languages. In the three months ended October 31, 2007, 20-20 Technologies’ revenues rose 0.9%, to $17.6 million from $17.4 million a..