Kodak (EK), Chesapeake (CHK), Terra (TRA) and Peabody (BTU) could also be potential takeover targets, adds host Melissa Lee. That’s according to Morgan Stanley.

money maker

Steven Cohen's S.A.C. Capital Advisors and affiliates cut their holdings of the fertilizer maker to 3.96 million shares (4%) from the 5.15 million (5.2%) reported on May 11.

Terra Industries (TRA)
Money manager Steven Cohen reported ownership of 5,150,500 shares (5.2%). Cohen holds the shares through his S.A.C. Capital Advisors and CR Intrinsic Investors. In March, Terra rejected rival CF Industries ' (CF) merger offer -- after rejecting CF's initial offer in January. Cohen said he had acquired the Terra shares for investment purposes and that he didn't have any agreement with any third party for the purpose of acquiring the company.

takeover

Najarian also tells the traders he’s got Terra Industries [TRA] and Agrium [AGU] on his radar for the same reasons mentioned above.

PE of 5, and it pays a yield of 1.4%.

Magic Formula 081208

magic formula July 20 08

Discounted cash flow related to price

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