Archive for October, 2009
(DRIV) Digital River Loses Symantec Corporation, Their Top Client
Earlier today, Digital River Inc. (DRIV) announced that its largest customer, Symantec Corporation (SYMC), notified the company that it will not extend its existing e-commerce agreement. The agreement, under which Digital River provides a variety of e-commerce-related services...
13Oct2009 | vitalstocks | 0 comments | Continued(GOL) GOL Linhas Aereas Inteligentes S.A. Prices Global Share Offering
On Friday, GOL Linhas Aereas Inteligentes S.A. (GOL) announced that its global offering of 38,005,000 preferred shares Incorporatedluding preferred shares in the form of American Depositary Shares (“ADSs”), by the company and ASAS Investment Fund, the company’s...
13Oct2009 | vitalstocks | 0 comments | Continued(HAR) Harman International Industries Sees Significant Opportunities in China, India
Harman International Industries Incorporated (HAR) is seeing significant growth opportunities in Asian markets, particularly China and India. President, Chairman and CEO Dinesh C Paliwal recently stated that the company expects its earnings from China to exceed $1 billion over...
13Oct2009 | vitalstocks | 0 comments | Continued(BTU) Peabody Energy Arrives in Jakarta, Indonesia
Peabody Energy Corp. (BTU) has recently opened an office in Jakarta, Indonesia, to expand business development and coal sourcing opportunities in India, China and other fast-growing Asian markets. Indonesia is the world’s largest source of export thermal coal and the Pacific...
13Oct2009 | vitalstocks | 0 comments | Continued(M) Macy’s September Sales Dip
Macy’s Inc. (M), the operator of department stores, recently reported a 2.4% decline in total sales for the month of September. Total sales for the month were $2,043 million versus $2,093 million posted in the same month last year. Year-to-date total sales were down 8.5% to...
13Oct2009 | vitalstocks | 0 comments | Continued(MAT) Earnings Preview for Mattel Incorporated
Mattel Inc. (MAT) is expected to release its third quarter results on Oct 16. The Zacks Consensus Estimate is pegged at 64 cents per share. The company had reported earnings of 66 cents per share in the year-ago period. Mattel’s second quarter earnings of 6 cents per share...
13Oct2009 | vitalstocks | 0 comments | Continued(FAST) The Fastenal Company Hurt by the Economy
The Fastenal Company (FAST) of Winona, MN reported a drop in earnings to $47.6 million or 32 cents per share in the third quarter of 2009, from $72.9 million or 49 cents in the prior-year quarter. However, the company has managed to meet the Zacks Consensus Estimate. Net sales...
13Oct2009 | vitalstocks | 0 comments | Continued(GD) General Dynamics Corporation Gets Stryker Deal
General Dynamics Corporation (GD) recently received a $647 million contract from the U.S. Army TACOM Lifecycle Management Command for production of 352 Stryker vehicles. The contract was awarded to General Dynamics’ subsidiary General Dynamics Land Systems. The company expects...
13Oct2009 | vitalstocks | 0 comments | Continued(C) Citigroup Faces Penalty Financial Industry Regulatory Authority
Citigroup Inc. (C) is likely to pay $600,000 in fines to settle a claim by the Financial Industry Regulatory Authority (FINRA) over derivatives transactions that helped foreign clients avoid taxes on dividends. The regulator accused the bank of incompetently supervising transactions...
13Oct2009 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Corporation Buys Phibro LLC
Occidental Petroleum Corporation (OXY) recently announced the purchase of Phibro LLC (Phibro) from Citigroup Inc. (C), for approximately the net asset value. Occidental plans to invest $250 million in Phibro. Phibro’s assets consist of cash, marketable securities and commodity...
13Oct2009 | vitalstocks | 0 comments | Continued(AN) AutoNation to Review Product Mix
AutoNation (AN) has revealed that it would reappraise its mix of domestic and foreign brands in the auto inventory as General Motors (GM) switches from a “push production” to “pull production” business model. GM’s “push production” model...
13Oct2009 | vitalstocks | 0 comments | Continued(BCS) Barclays Plc Could Sell £4B in Assets to Clean Balance Sheet
Barclays Plc (BCS) is contemplating to spin off a £4 billion portfolio of complex credit assets as part of the initiative to clean up its balance sheet and alleviate shareholder concerns over its risky investments. The move is similar to the transaction it undertook last month...
13Oct2009 | vitalstocks | 0 comments | Continued(LPHI) Life Partners Holdings Meets Expectations
Life Partners Holdings Inc. (LPHI) reported fiscal second-quarter results. The company’s net income posted a growth of 15.5% to $7.6 million, compared to $6.6 million in the year-ago quarter. Earnings per share of 51 cents was well ahead of the year-ago result of 44 cents per...
13Oct2009 | vitalstocks | 0 comments | Continued(NUE) Nucor Corporation’s High-Cost Inventory Hurts Estimates
U.S.’s largest recycler of steel scrap, Nucor Corporation (NUE), has announced its guidance for its third quarter ending Oct. 3, 2009. Nucor expects losses of 15 cents to 20 cents per share in the quarter. The Zacks Consensus Estimate expects a loss of 15 cents. Helped by increased...
13Oct2009 | vitalstocks | 0 comments | Continued(EQIX) Equinix Works on Enhanced Solution
Through a recent press release, Equinix Inc. (EQIX) announced that the company, in collaboration with Alcatel-Lucent (ALU), is developing an enhanced solution for the exchange of data traffic between carriers providing Ethernet services. Equinix will use Alcatel-Lucent’s service...
13Oct2009 | vitalstocks | 0 comments | Continued(CEG) Constellation Energy Group Divesting Assets
Constellation Energy Group Inc. (CEG) and EDF Development Inc. recently announced that the U.S. Nuclear Regulatory Commission (NRC) has approved the investment structure and license transfer related to EDF’s investment in Constellation Energy Nuclear Group LLC. EDF Development...
13Oct2009 | vitalstocks | 0 comments | Continued(XOM) China National Offshore Oil Corporation Challenges Exxon in Ghana
Following ExxonMobil’s (XOM) agreement last week to buy Kosmos Energy’s stake in oil blocks of the Jubilee oil field — offshore of the West African country of Ghana — for approximately $4 billion, China National Offshore Oil Corporation, or CNOOC (CEO), now makes...
13Oct2009 | vitalstocks | 0 comments | Continued(JLL) Jones Lang LaSalle to Manage SunTrust Bank’s Facilities
Jones Lang LaSalle Inc. (JLL), a leading real estate investment trust (REIT), has been selected by SunTrust Banks Inc. (STI), a premier banking organization in the U.S., to provide integrated facility management services across its entire portfolio spanning 16 million square...
13Oct2009 | vitalstocks | 0 comments | Continued(HOGS) Zhongpin Inc. – Trading at a Discount? – ROE of 20%, Almost Double Industry Average
Zhongpin Inc. (HOGS) reported double-digit increases in revenue and earnings in the past quarter as estimates continue to rise. Company Description Zhongpin produces and processes pork, vegetables, and fruit products in China. The company had developed refrigeration systems that...
13Oct2009 | vitalstocks | 0 comments | Continued(APH) Amphenol Corporation – Bull of the Day
Amphenol Corporation (APH) is scheduled to release its fiscal Q3 results on October 15. The company stated that though the economic environment remains uncertain, there was a stabilization of demand in most markets. We remain optimistic about Amphenol’s long-term growth...
13Oct2009 | vitalstocks | 0 comments | Continued(PALM) Palm, Inc. – Bear of the Day
Although demand for Palm‘s (PALM) Pre smartphone is growing, it is still selling a small fraction of Pre phones to smart-phones users and, in our opinion, most of them are already existing Palm customers. We still expect the stock to underperform the market as RIMM and...
13Oct2009 | vitalstocks | 0 comments | Continued(LZ) Lubrizol Corporation – Raised 2009 Earnings Guidance
The Lubrizol Corporation (LZ) has seen its stock hitting 52-week highs in recent sessions, but it’s still an attractive value stock as earnings have been rising. LZ has a forward P/E of just 11.33. Company Description Lubrizol manufactures specialty chemcials including...
13Oct2009 | vitalstocks | 0 comments | Continued(TLP) TransMontaigne Partners LP – Trades at a Discount to Overall Market
TransMontaigne Partners LP (TLP) has been a steady player over the last year in a very volatile environment, surprising and beating in each of the last 4 quarters by an average of 11 cents, or 24%. Company Description TransMontaigne Partners provides storage and transportation...
13Oct2009 | vitalstocks | 0 comments | ContinuedWhy Great Traders Average Up, Not Down
by Alexander Green, Chief Investment Strategist Monday, October 12, 2009: Issue #1113 If you walked into a department store and saw a fabulous cashmere sweater marked down from $375 to $199, you might be tempted to buy it. And if you saw it priced at $99, you might feel you...
13Oct2009 | InvestmentU | 0 comments | Continued(BXP) Boston Properties Reduces Debt by Selling Notes
Boston Properties Inc. (BXP), a real estate investment trust (REIT), has recently raised net proceeds of approximately $694 million by selling 5.875% senior unsecured notes due 2019. The debt offering was managed by Bank of America Securities LLC, the investment banking arm of...
13Oct2009 | vitalstocks | 0 comments | Continued(SNTS) Santarus Signs Deal with Norgine
This morning, Santarus, Inc. (SNTS) entered into a licensing agreement with Norgine B.V., a European specialty pharmaceutical company. Under the licensing agreement, Norgine has been granted exclusive rights for the development, manufacture and commercialization of prescription...
13Oct2009 | vitalstocks | 0 comments | Continued(X) United States Steel Corporation Divests Interest in Wabush Mines
On Oct. 9, United States Steel Corporation’s (X) wholly owned subsidiary U.S. Steel Canada Inc., ArcelorMittal Dofasco and Cliffs Natural Resources Inc. (CLF) have agreed to sell their respective interest in the Wabush Mines joint venture to a Montreal-based steel mining company,...
13Oct2009 | vitalstocks | 0 comments | Continued(BDX) Becton, Dickinson and Co. Receives FDA Approval on Blood Collection Device
Becton, Dickinson and Co. (BDX) announced that it received Food and Drug Administration (FDA) approval to market its blood collection device, BD Vacutainer Rapid Serum Tube, in the U.S. Unlike standard tubes, the Serum tubes are ready for analysis in five minutes. The Serum tube...
13Oct2009 | vitalstocks | 0 comments | Continued(PRGO) Perrigo Company – PEG Ratio of Just 0.94 – Growth Expected to Continue in Fiscal 2010
Perrigo Company (PRGO) has surprised on estimates the last two quarters as it reported record sales for fiscal 2009. PRGO has a PEG ratio of just 0.94. Company Description Perrigo manufactures over-the-counter and prescription pharmaceuticals, nutritional products and other consumer...
13Oct2009 | vitalstocks | 0 comments | Continued(NKTR) Nektar Therapeutics Presents Favorable Phase II Trial Data
Recently, Nektar Therapeutics (NKTR) presented data from its phase II trial of oral NKTR-118, meant for the treatment of opioid-induced constipation. The data was presented at the American Academy of Pain Management’s 20th Annual Clinical Meeting in Phoenix, AZ. The drug...
13Oct2009 | vitalstocks | 0 comments | Continued