Breaking Ground for a New Club in Brooklyn

Last week BJ's broke ground in Gravesend, Brooklyn- for a new club expected to open in 2013.  The ground breaking ceremony brought local politicians in for a photo-op.

Meanwhile, Moody's has downgraded BJ's Wholesale Club.

How's it been going at the stores this holiday season?

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BJ's Wholesale Club Stock Up Sharp Today

NY Post Reports a BJ's Possible Takeover:

BJ's Wholesale Club still isn't safe from the clutches of private equity.
Leonard Green & Partners -- a Los Angeles buyout firm that disclosed a 9.5 percent stake in the warehouse chain in July -- remains keen to acquire the retailer and may launch a hostile bid if an auction isn't initiated in the coming weeks, sources told The Post.


Read more: http://www.nypost.com/p/news/business/buying_in_bulk_aP1mhywCsTzLrwANWYdZfI#ixzz19YI3r0DD

BJ's Wholesale Club may face a hostile bid from the takeover firm if the chain does not initiate an auction as planned, according to sources quoted in the New York Post.  Reports are also saying that analysts at Jefferies estimate BJ's could be worth $50 to $55 a share. BJ is up more than 6 percent from yesterday's close.