Quick Bytes Wednesday, June 22nd: TSLA, SCTY, MCD, PCLN

A quick digest of what’s hot and trending for Wednesday, June 22nd. Here are your quick news bytes (yes we know it is bites) to get you caught up quickly with some interesting reads:

  1. Brad Kenagy writes “Tesla And SolarCity: No Matter How You Add It 0+0≠1“, about the offer by Tesla Motors Inc (NASDAQ:TSLA) to purchase SolarCity Corp(NASDAQ:SCTY). He notes that the deal balloons Tesla’s shares, free cash flow losses and debt. The combined company would have combined FCF losses of -$4.856 billion and debt of $5.234 billion. Tesla is offering .122 to 0.131 shares of Tesla for each share of SolarCity.
  2. McDonald’s Corporation(NYSE:MCD) has received more than half a dozen bids for thousands of its China and Hong Kong stores. The bids have been limited since McDonald’s has strict terms but nonetheless has a lot of interest. (SeekingAlpha)
  3. Priceline Group Inc(NASDAQ:PCLN) shares received an upgrade from Barclays from Equal Weight to Overweight.  (SeekingAlpha)
  4. WhiteWave Foods Co(NYSE:WWAV) sees $3B/year in sales upside from plant-based food products. CEO Gregg Engles notes that this is in the early stages but believes there is a huge runway. (SeekingAlpha)
  5. William Shearer Jr writes about why Tesla Motors Inc (NASDAQ:TSLA)‘s Model 3 will use Liquid Cooling, citing the fact air cooling would cause the Model 3 to fall short of performance expectations. (SeekingAlpha)
  6. Stone Fox Capital on SeekingAlpha writes about  FedEx Corporation(NYSE:FDX) Proving Its Value as the company reported strong FQ4, with guidance for FY17 believe estimates. They note the company continues to report higher earnings despite missing analyst estimates (SeekingAlpha)
  7. JPMorgan notes that with Tesla and SolarCity “You Can’t Put the Genie Back In to the Bottle” and that synergies look thin. (Benzinga)

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