Today’s Research Reports on Stocks to Watch: Henry Schein and Alaska Airlines

NEW YORK, NY / ACCESSWIRE / April 24, 2018 / Henry Schein shares exploded on Monday after the company announced a spin off and merge of its animal health business. Shares of Alaska Air Group also saw green after reporting a better than expected first quarter report.

RDI Initiates Coverage on:

Henry Schein, Inc.
https://rdinvesting.com/news/?ticker=HSIC

Alaska Air Group, Inc.
https://rdinvesting.com/news/?ticker=ALK

Henry Schein, Inc. shares closed up 6.83% on Monday with roughly 3.3 million shares traded. The health care products company announced that it would be combining its animal health business with Vets First Choice to form a new company called Vets First Corp. The spin off would bring in an expected $1 billion to $1.25 billion in tax-free cash. Vets First Corp. will have Vets First Choice Chief Executive and Founder Ben Shaw as the head of the company. Once the transaction is completed, Henry Schein Shareholders will own 63% while Vets First Choice Shareholders will own 37% of the new company. Henry Schein CEO Stanley M. Bergman, commented, “We are excited about the merger of Henry Schein Animal Health with Vets First Choice. Over the years we have observed the impressive success of Vets First Choice and believe the combined management team is well positioned to capitalize on the significant opportunities created by the merger.” Ben Shaw remarked, “We are early in the lifecycle of rapid technological change in the animal health market. This merger creates an enhanced value chain that connects the veterinarian, the manufacturer, and the pet owner through insights and analytics that will support better clinical and financial outcomes.”

Access RDI’s Henry Schein, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HSIC

Alaska Air Group, Inc. shares closed up 5.69% on Monday after the airline reported earnings that were better than Wall Street anticipated. The airline reported adjusted earnings per share of $0.14 for the first quarter. This was 2 cents ahead of what analysts had been expecting. It was roughly three months ago that the company had a discouraging forecast for 2018 and the first quarter. Rather than break even, the company surprisingly made a profit in the first quarter. Revenue for the quarter at $1.83 billion was also a 5.3% increase from the year ago quarter. Some of the recognition and awards the airline achieved was being ranked number one in the “Airline Quality Rating” of performance and quality for the second year in a row. It also was ranked as one of only two U.S. airlines in the Top 20 safest airlines in the world for 2018 by AirlineRatings.com. Time Inc.’s Money Magazine rated the airline the best U.S. airline and the Wall Street Journal’s “2017 Airline Scorecard” ranked it number 2 U.S. airline.

Access RDI’s Alaska Air Group, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ALK

Our Actionable Research on Henry Schein, Inc. (NASDAQ: HSIC) and Alaska Air Group, Inc. (NYSE: ALK) can be downloaded free of charge at Research Driven Investing.

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