Fortunet, Freescale Semiconductor, and General Motors CINCINNATI--(BUSINESS WIRE)--Sept. 11, 2006 Among the stocks featured in the September 11 edition of Schaeffer's Market Blog are Ipsco (NYSE:IPS), NS Group (NYSE:NSS), Fortunet (NASDAQ:FNET), Freescale Semiconductor (NYSE:FSL), and General Motors (NYSE:GM). Schaeffer's Market Blog is just one of the many free market commentaries written every day at www.SchaeffersResearch.com - the home of Bernie Schaeffer and Schaeffer's Investment Research. The Market Blog is written throughout every trading day by Schaeffer's financial analysts and traders. They are quick insights to the day's most notable market activity from an options perspective. To have this report delivered to you free via email every day click on the following link and you'll also get an opportunity to win an iPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13M&PAGE=1 . 1:06 PM Free Financial Podcasts Don't forget that many of our observations are available as audio presentations that you can hear on your computer or download from Apple's iTunes Music Store to play on a portable device such as an iPod. To see the full menu of observations, please visit http://www.schaeffersresearch.com/commentary/podcasts/. 11:21 AM Ipsco Acquires NS Group for 1.46 Billion Dollars In our Opening View column this morning, Jocelynn Drake reported that Ipsco (NYSE:IPS) and NS Group (NYSE:NSS) have reached a definitive agreement calling for the acquisition of NSS for $66 per share in cash. The buyout price equates to a 43-percent premium over Friday's closing price. IPS said it will finance the $1.46 billion deal through a combination of cash on hand and debt obtained under what it called a "fully committed" bank-credit facility. Pending completion of the transaction, IPS expects to have combined annual revenue topping $4 billion. At last check, NSS was leading the way on the New York Stock Exchange, with a gain of more than 39 percent pushing the price to $64.39. IPS, meanwhile, is down almost six percent at $87.76. 11:35 AM Oh Fortunet Late last Thursday, Fortunet (NASDAQ:FNET) announced that it has won approval from the Nevada State Gaming Control Board to become an operator of mobile gambling devices. I have not seen anything new on the newswires, but FNET is the leading stock at the Nasdaq this morning, logging a gain of more than 20 percent. The stock was trading at $9.31 at last check, and it has broken above its declining 10-week moving average. Watch to see if it closes above this level today. 11:48 AM Freescale Advances on Acquisition Story Holders of Freescale Semiconductor (NYSE:FSL) stock were in for a pleasant surprise this morning, when the stock gapped higher on reports that a consortium of investment firms might be close to an acquisition deal worth about $16 billion. The company confirmed that it is in talks, according to the Dow Jones Newswires. At last check, the stock had gained more than 18 percent, and traded at $36.41. 12:10 PM GM Plans for Volatile Gas Prices The online edition of The Wall Street Journal ran a story today about falling gas prices. General Motors (NYSE:GM), apparently, is working on the assumption that gas prices will remain volatile, making fuel efficiency a top priority. Wall Street has responded enthusiastically, and GM's price has risen in the morning session of trading. At last check, the stock stood at $32.22, up more than half a percent. For more information on these stocks or any stock in your portfolio, feel free to visit our Schaeffer's Equity Scorecard feature. Click here to read all of today's Market Blog: http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13C&PAGE=1. Take advantage of the timely Schaeffer commentaries by signing up for their free e-newsletters -- Opening View, Market Recap and Monday Morning Outlook. Click here to have the Schaeffer's commentaries delivered to you free via email every day and get entered to win an iPod Nano. http://www.schaeffersresearch.com/redirect.aspx?CODE=PROB13M&PAGE=1. About Schaeffer's Investment Research (www.SchaeffersResearch.com) Schaeffer's Investment Research, founded by Bernie Schaeffer in 1981, is a financial information and trading resources company. It publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription newsletter. The firm's contrarian approach focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm's website, http://www.SchaeffersResearch.com , is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's. Click here for more details about Schaeffer's trading methodology: http://www.SchaeffersResearch.com/method . CONTACT: Schaeffer's, Cincinnati Joseph Hargett, 513-589-3800 firstname.lastname@example.org
Schaeffer's Daily Market Blog Features: Ipsco, NS Group,
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