Topic: Growth Stocks

The Wall Street Stock Forecaster Hotline – Friday, June 13, 2008

Article Excerpt

ANHEUSER-BUSCH COMPANIES INC. $61.12, New York symbol BUD, is now the target of a $65.00-a-share hostile takeover offer from InBev NV, a Belgian-based brewer. InBev has little presence right now in the United States, but buying Anheuser-Busch would give it about half of the U.S. beer market. The stock is trading for roughly $4 below the bid, which indicates investors feel a competing offer is unlikely. As well, the recent problems in the credit markets could make it difficult for InBev to pay more, or for another company to launch a rival bid. Anheuser-Busch is now a hold. APPLE INC. $172.37, Nasdaq symbol AAPL, fell 6% this week despite launching a new version of its iPhone with faster download speeds. The drop is due to a change in the way Apple will sell the new device. While AT&T INC. $36.68, New York symbol T, will remain the exclusive carrier for the iPhone in the United States, it will no longer share its…