Collective Brands: Opportunity Afforded by Myopic Market

Investment U submits: By Tony D'Altorio

The owner of Payless ShoeSource and footwear brands such as Sperry Top-Sider and Keds will be purchased by Wolverine Worldwide, Blum Capital and Golden Gate Capital.Collective Brands Inc., which owns footwear brands such as Sperry Top-Sider and Keds as well as the retailer Payless ShoeSource, will be split in two by multiple buyers in a purchase valued at $2 billion, including debt.

Andrew Wilkinson submits: Tyson Foods, Inc. (TSN) – Call options on the food products company are a hot commodity this morning for bullish players positioning for a near-term rally in the price of the underlying shares. Tyson Foods’ shares rallied as much as 1.7% at the start of the session to an intraday high of $16.31.

Collective Brands Inc., which owns footwear brands such as Sperry Top-Sider and Keds and the shoe retailer Payless ShoeSource, will be split in two by multiple buyers in a purchase valued at $2 billion, including debt.

Andrew Wilkinson submits: Momenta Pharmaceuticals, Inc. (MNTA) – Shares of the biotechnology company spent the better part of the trading session on the decline, falling as much as 3.5% in afternoon trading to an intraday low of $14.38.

PSS – Collective Brands, Inc. – The holding company of Payless ShoeSource, Inc. and Stride Rite Corp.

The announcement comes as the parent of Payless ShoeSource and Stride Rite reports a large second-quarter loss.Collective Brands Inc., the parent of Payless ShoeSource and Stride Rite, will close 475 stores after reporting a large second-quarter loss.

Valuentum submits: By RJ Towner Collective Brands Looks More Like a Turnaround Than a Value Trap