Archive for October, 2009
(TAM) TAM S.A. Gained 87.3% International Market Share
On Friday, TAM S.A. (TAM) disclosed its operating data for September 2009. For the month, TAM gained 87.3% market share in the international market, representing 5.2% growth year on year. However, the domestic market share was 44.2%, down 8.7% compared to the same period in 2008. The...
20Oct2009 | vitalstocks | 0 comments | Continued(IBM) IBM’s Impliments Cost-Effective Offerings
International Business Machines (IBM) plans to lower costs for its clients via its offerings, which is posing a major challenge to businesses due to the difficult economic scenario. Thus IBM released new IT Asset Management software to help companies manage the costs brought...
20Oct2009 | vitalstocks | 0 comments | Continued(UDR) UDR Boosts iPhone Apartment Hunt
UDR Inc. (UDR), a leading multifamily real estate investment trust (REIT), recently augmented its apartment search application for Apple Inc.’s (AAPL) iPhone and iPod users, enabling consumers who are more reliant on smartphones than landlines or personal computers to find...
20Oct2009 | vitalstocks | 0 comments | Continued(PFE) Pfizer’s Big Penalty for Fraudulent Marketing
Following the recent merger of Pfizer (PFE) and Wyeth, a U.S. court imposed a huge fine on the company’s subsidiary Pharmacia & Upjohn for fraudulent marketing of its painkiller Bextra (valdecoxib). The penalty of $1.195 billion was the largest criminal fine ever imposed...
20Oct2009 | vitalstocks | 0 comments | Continued(WFT) Weatherford International Ltd Profit Falls
Early today, Weatherford International Ltd. (WFT) reported weaker-than-expected third-quarter 2009 recurring earnings of 13 cents per diluted share, compared to the Zacks Consensus Estimate of 13 cents and year-ago earnings of 55 cents. The year-over-year decrease primarily reflects...
20Oct2009 | vitalstocks | 0 comments | Continued(GT) Goodyear Tire & Rubber Co. – Earnings Preview
Goodyear Tire & Rubber Co. (GT) will release its sales and earnings results for the third quarter before the markets open on Wednesday, Oct 28. The Akron, Ohio-based tire manufacturing company – one of the largest worldwide – reported a net loss of $221 million or 92...
20Oct2009 | vitalstocks | 0 comments | Continued(AMB) AMB Property Inc Refinances Term Loan
AMB Property Corp. (AMB), a leading real estate investment trust (REIT), recently refinanced a $325 million unsecured term loan facility scheduled to mature in September 2010, and replaced it with a $345 million loan facility maturing in October 2012. The refinancing has enabled...
20Oct2009 | vitalstocks | 0 comments | Continued(ETN) Eaton Beats Own Expectations
Electrical equipment maker Eaton Corp. (ETN) reported third quarter earnings of $1.21 per share, beating its own guidance of 80-90 cents per share and the Zacks Consensus Estimate of 91 cents per share. Better-than-expected earnings in the quarter were primarily a result of substantial...
20Oct2009 | vitalstocks | 0 comments | Continued(LGF) Lions Gate Entertainment Corporation Raises Debt
Lions Gate Entertainment Corporation (LGF), the movie production and distribution company, recently declared that its wholly owned subsidiary Lions Gate Entertainment Inc. entered into an agreement to sell $236 million of senior notes that will be repaid in 2016. The senior notes...
20Oct2009 | vitalstocks | 0 comments | Continued(SHLM) A. Schulman Down, But Not Out
A. Schulman Inc. (SHLM) reported fiscal fourth-quarter results before the opening bell today. The company swung to a GAAP net loss of $7.9 million from a GAAP net profit of $4.7 million in the year-ago quarter. Excluding charges related to restructuring and asset impairment,...
20Oct2009 | vitalstocks | 0 comments | Continued($TM) Toyota Motor Gears Up Production Shifts
Toyota Motor (TM) has revealed that it will add a second production shift at its San Antonio Tundra pick-up truck assembly plant in Texas by February next year as inventories with the dealers have dried up. The addition of the shift will require 850 more workers at the plant. The...
20Oct2009 | vitalstocks | 0 comments | Continued(CEO) CNOOC Eyes StatoilHydro ASA’s Gulf of Mexico Assets
CNOOC Ltd. (CEO) expects to sign a deal with Norway’s StatoilHydro ASA (STO) soon to buy stakes in some deepwater exploration blocks in the U.S. Gulf of Mexico (GoM). StatoilHydro is putting five prospects on the market, out of its more than 400 leases in the U.S. GoM. The...
20Oct2009 | vitalstocks | 0 comments | Continued(NCS) NCI Building Systems Progresses on CD&R Investment
NCI Building Systems Inc. (NCS) reported that holders of more than 99% of the aggregate principal amount of its outstanding 2.125% Convertible Senior Subordinated Notes due 2024 have delivered valid tenders. This exceeds the threshold of 95% minimum condition to the offer. NCS...
20Oct2009 | vitalstocks | 0 comments | Continued(MRK) Expansion for Merck’s Gardasil
Merck (MRK) recently received U.S. Food and Drug Administration (FDA) approval for the use of its vaccine, Gardasil, for the protection of boys and men aged 9–26 years from genital warts related to human papillomavirus (HPV) types 6 and 11. Originally, Gardasil was approved...
20Oct2009 | vitalstocks | 0 comments | Continued(GSK) GlaxoSmithKline’s Cervical Cancer Vaccine Cervarix Gets FDA Nod
GlaxoSmithKline (GSK) received good news last week with the receipt of approval from the US Food and Drug Administration (FDA) for its cervical cancer vaccine, Cervarix. The vaccine received approval for the prevention of cervical pre-cancers and cervical cancer associated with...
20Oct2009 | vitalstocks | 0 comments | Continued(FPL) Florida Electric Utilities Get Nuclear Rates Approved
Recently, the Florida Public Service Commission (PSC) has approved new nuclear cost recovery rates for the state’s two major electric utilities. It increased the rates for one and reduced them for the other. Both changes are effective Jan. 1, 2010. The commission approved...
20Oct2009 | vitalstocks | 0 comments | Continued(AVP) Avon Products – ROE of 88% – Dwarfs Industry Average of 8%
Avon Products Inc. (AVP) is seeing bullish earnings estimates ahead of reporting next week. The full-year Zacks Consensus Estimate of $1.66 per share is up 5 cents over the past 90 days. For 2010, analysts polled by Zacks are projecting earnings of $2.11 per share, versus last...
20Oct2009 | vitalstocks | 0 comments | Continued(GMXR) GMX Resources to Sell Stake to Kinder Morgan
GMX Resources Inc. (GMXR) recently agreed to sell a 40% interest in its gas gathering and compression business to Kinder Morgan Energy Partners L.P. (KMP) for $36 million. The closing of the transaction is subject to customary closing conditions and is expected to conclude in...
20Oct2009 | vitalstocks | 0 comments | Continued(NTAP) NetApp Gains Momentum
The storage technology company, NetApp Inc.’s (NTAP) shares are up 94.2%, year-to-date, outperforming the S&P 500. The company shares are currently trading at a premium to its peers. NetApp provided robust earnings and revenue guidance for its second and third fiscal quarters...
20Oct2009 | vitalstocks | 0 comments | ContinuedBio-Rad Laboratories – Beat in Each of the Last 3 Quarters by an Average of 25%
Bio-Rad Laboratories, Inc. (BIO) recently hit a new 52-week high as the global economy recovers from last year’s drop. Company Description Bio-Rad Laboratories, Inc., together with its subsidiaries, engages in the manufacture and supply of products and systems for the healthcare...
20Oct2009 | vitalstocks | 0 comments | Continued(PRX) Par Pharmaceutical Companies – Beat by 35.42% in the Second Quarter
Par Pharmaceutical Companies, Inc. (PRX) has surprised on the Zacks Consensus Estimate 3 out of the last 4 quarters by an average of 101.93%. With earnings estimates jumping, the company has a PEG ratio of just 0.2. Company Description Par Pharmaceutical manufactures generic...
20Oct2009 | vitalstocks | 0 comments | Continued(CMN) Cantel Medical Corporation – Fighting Swine Flu – Net Income Up 65%
Cantel Medical Corp (CMN) posted yet another earnings surprise with a 65% increase in net income. Company Description Cantel makes medical products to prevent and control infections. The products are sold globally and range from water purification to disposable items like masks,...
20Oct2009 | vitalstocks | 0 comments | Continued(POZN) Pozen, Incorporated – Bull of the Day
Pozen, Inc. (POZN) is one of our top-picks for small-cap biotech. We see the fundamentals as strong and the valuation as low. We are pleased to see the NDA for Vimovo (PN-400) filed and now accepted by the U.S. FDA. FDA acceptance earned Pozen a $10 million milestone from AstraZeneca...
20Oct2009 | vitalstocks | 0 comments | Continued(TXN) Texas Instruments Beats Consensus – Guidance Conservative
Texas Instruments (TXN) reported third quarter results that beat the Zacks Consensus Estimate by 3 cents. Revenue beat the consensus by 2.1%. Revenue Revenue of $2.88 billion was up 17.2% sequentially, the second straight quarter of 17%+ growth. However, revenue declined 15.0%...
20Oct2009 | vitalstocks | 0 comments | Continued(NLY) As the Dow Cracks 10,000 – What’s Next for the Market?
by Dr. Mark Skousen, Contributing Editor Monday, October 19, 2009: Issue #1118 Last week, my “crazy prediction” came true. In the March issue of my newsletter, Forecasts & Strategies, I published a chart, which illustrated the maximum pessimism in the stock market. The...
20Oct2009 | InvestmentU | 0 comments | Continued(RAD) Rite Aid Corporation – Bear of the Day
Management at Rite Aid Corporation (RAD) was executing a turnaround strategy centered on increasing the profitability of the existing store base. However, the acquisition of Brooks Eckerd prior to a convincing turnaround in profitability has increased the debt burden and interest...
20Oct2009 | vitalstocks | 0 comments | Continued(BK) The Bank of New York Mellon Beats After Charges
The Bank of New York Mellon Corporation’s (BK) third quarter earnings of 54 cents per share were well ahead of the Zacks Consensus Estimate of 47 cents. This excludes hefty charges on investment securities portfolio restructuring and M&I expenses. On a GAAP basis, the third...
20Oct2009 | vitalstocks | 0 comments | Continued($LVS) Las Vegas Sands Corporation Plans Hong Kong IPO
Las Vegas Sands Corporation (LVS) is planning for a Hong Kong initial public offering (IPO) for its Macau assets next month. The company intends to raise up to $2.5 billion through the IPO. The offering is intended to complete in about four weeks after receiving regulatory approval...
20Oct2009 | vitalstocks | 0 comments | Continued($CAT) Caterpillar Tops Expectations – Economic Indicator
Caterpillar Inc. (CAT) reported third quarter earnings of 64 cents per share, well above the Zacks Consensus Estimate of 7 cents per share. The company’s better-than-expected performance was primarily driven by higher price realization, lower SG&A and R&D costs, and...
20Oct2009 | vitalstocks | 0 comments | Continued(PRSP) Prosperity Bancshares Beats Consensus Estimates
Prosperity Bancshares Inc. (PRSP), the parent company of Prosperity Bank, reported net income for the quarter ended Sep 30, 2009, of $29.3 million or 63 cents per common share, an increase of 89.8%, compared with the corresponding prior-year quarter. This was higher than the...
20Oct2009 | vitalstocks | 0 comments | Continued