Florida Panthers Holdings, whose assets include the NHL
franchise, is changing its trading symbol from PUCK to PAW,
according to Gregg Fields of the MIAMI HERALD. The change
comes because the NYSE limits trading symbols to a maximum
of three letters, whereas the NASDAQ, where the stock used
to be listed, allowed four. The change will go into effect
Friday morning (MIAMI HERALD, 7/9).
TOUGH TIMES AT WAYNE'S WORLD? The stocks of companies
founded, built, controlled by or associated with Wayne
Huizenga are examined by Susan Pulliam in the WALL STREET
JOURNAL's "Heard on the Street" column under the header "Is
Huizenga Losing His Magic Tough." Pulliam: "Late last year,
Wayne Huizenga's name was magic. ... [But] ... shares of
several companies [Huizenga] started have fallen sharply in
recent months, despite a buoyant stock market." FL Panthers
shares have declined 26% since a January high of 32 1/2 as
Huizenga "has added hotel and entertainment properties to
the sports franchise. Just yesterday, Florida Panthers
Holdings announced plans to sell six million shares to buy
more hotel assets and repay debt." Huizenga says that while
many of his stocks are down, FL Panthers Holdings has
doubled its $10 IPO price (WALL STREET JOURNAL, 7/10).
