Broadway

Broadway: Remains halted after saying its offer to acquire 70% of Millennium Arena has lapsed. They are trying to diversify, but (the offer lapsing) doesn't really affect them, says OSK Research. All of these acquisitions are not really important at the moment. It's just part of the business process. House believes the reason the stock remains halted may be another small, new acquisition, but doesn't expect a transformative acquisition. Add that the main issue for the company is its core business, adding the 2H12 and 3Q12 results likely won't be good, hurt by global economic weakness and as its customers face headwinds. Expects the stock to remain around his $0.35 target price once it resumes trading; he rates the stock at Hold. The stock last changed hands at $0.365.