Archive for November, 2009
General Motors’ Loss Subsides
General Motors (hereafter, GM) — presently, Motors Liquidation Company (MTLQQ) — posted a narrower loss in the third quarter (Jul 10 – Sep 30) compared with the results depicted by “Old GM” in the first quarter, before the company was transformed...
17Nov2009 | vitalstocks | 0 comments | Continued(CYB) The Biggest Threat to America’s Relationship With China
This analysis is from Sheena Martin, Contributing Editor, Investment U Tuesday, November 17, 2009 The continually weak U.S. dollar is a constant source of debate among economists and the media. And most of the chatter is decidedly negative. But there are a few benefits Incorporatedluding...
17Nov2009 | InvestmentU | 0 comments | Continued($HPQ) Hewlett Packard on Growth Path
After the announcement of the much-hyped acquisition of 3Com Corp. (COMS), Hewlett Packard Co. (HPQ) has decided to beef up its education portfolio. The three new easy-to-manage education solutions are tools for classroom teaching. The first is the HP MultiSeat, which enables...
17Nov2009 | vitalstocks | 0 comments | Continued(GENZ) Genzyme Corporation’s Lumizyme Approval Delayed
Genzyme Corporation’s (GENZ) Lumizyme failed to receive approval from the US Food and Drug Administration (FDA) for the treatment of Pompe disease. The FDA issued a complete response letter (CRL) stating that the agency will not grant approval unless the company addresses the...
17Nov2009 | vitalstocks | 0 comments | Continued(BAC) Mortgage Delinquencies Still Rising
This morning Trans Union, the big credit bureau, released its quarterly report on mortgage delinquencies, and it was not pretty. Nationwide, 6.25% of all residential mortgages were at least 60 days past due in the third quarter, up from 5.81% in the second quarter and 3.96% a...
17Nov2009 | vitalstocks | 0 comments | Continued(MRGE) Merge Healthcare Incorporated Raising Gross Proceeds
Merge Healthcare Incorporated (MRGE) decided to raise up to $27.3 million in gross proceeds, before placement agency fees and other expenses, by offering 9,084,032 shares of the company’s common stock at a purchase price of $3.00 per share. The offer is only for select institutional...
17Nov2009 | vitalstocks | 0 comments | Continued(DVN) Devon Energy Corporation to Sell Assets
Devon Energy Corporation (DVN) has announced plans to divest all of its Gulf of Mexico and international assets for net proceeds of about $4.5-$7.5 billion, repositioning itself as a high-growth North American onshore company. The company believes that this repositioning will...
17Nov2009 | vitalstocks | 0 comments | Continued(CSIQ) Canadian Solar Earnings Beat Estimates
Canadian Solar Inc. (CSIQ) reported adjusted EPS of 69 cents in the third quarter of fiscal 2009, which pushed past the Zacks Consensus Estimate of 52 cents per share. Also, adjusted EPS for the quarter was far higher than the year-ago quarter’s 31 cents. Canadian Solar net...
17Nov2009 | vitalstocks | 0 comments | Continued(F) Industrial Production Rebound Stalls
In October, overall Industrial Production rose by 0.1%, far below the 0.6% increase registered in September and the 1.3 increase registered in August. It was also well below the 0.4% consensus expectations. To my mind, this is one of the most important economic reports, and one...
17Nov2009 | vitalstocks | 0 comments | Continued(GE) Producer Price Index Tame
In September, the Producer Price Index rose by 0.3%. While this is an acceleration from the 0.6% decline in September, it is well below consensus expectations of a 0.5% increase. All of the price pressures were coming from food and energy. If they are stripped out to get the...
17Nov2009 | vitalstocks | 0 comments | Continued(T) AT&T Expands Cloud-based Computer Solutions
US telecom giant AT&T (T) has reportedly expanded its portfolio of premium cloud-based solutions with an innovative cloud computing service that delivers on-demand computing through a self-service approach over the company’s reliable and highly secured network cloud platform....
17Nov2009 | vitalstocks | 0 comments | Continued(CSCO) Merger and Acquisition in Videoconferencing Market
Merger and acquisition activities are heating up in the unified collaborative solutions market that provides videoconferencing. Prompted by the severe economic downturn, business enterprises on a global basis are restricting travel budgets to control costs. This makes high-definition...
17Nov2009 | vitalstocks | 0 comments | Continued(BAC) Bank of America Continues CEO Search
Recently, William Demchak of the PNC Financial Services (PNC) was offered the position of the next CEO of the Bank of America (BAC). However, the offer was turned down by Demchak. We suspect Demchak declined the offer as the pay package is likely to be among the least competitive...
17Nov2009 | vitalstocks | 0 comments | Continued(JPM) JPMorgan Chase to Buy Rest of Cazenove Group
JPMorgan Chase & Company (JPM) is in discussions to take full control of its U.K. joint-venture partner, Cazenove Group, for about £1 billion ($1.7 billion). JPMorgan entered into a partnership with Cazenove five years ago. At that time, JPMorgan paid about £100 million...
17Nov2009 | vitalstocks | 0 comments | Continued(INTC) Intel Corporation Raises Dividend Yield
Intel Corp (INTC) raised the quarterly cash dividend by 12.5%, totaling 63 cents a share in 2010. The dividend yield comes to 3.1%. The company has been paying a cash dividend for the last 17 years and has raised the dividend 14 times since it started. Intel has over $8 billion...
17Nov2009 | vitalstocks | 0 comments | Continued(AXP) Mixed News for Credit Card Issuers
U.S. credit card issuers have reported a drop in the default rate for October, though delinquencies are rising as a result of continuing stress on consumers. While a decrease in the default rate reflects a decline in late payments in the first half of the year, the increase in...
17Nov2009 | vitalstocks | 0 comments | Continued($IBM) Options Terminology: The Differences Between In, At and Out-of-the-Money
by Karim Rahemtulla, Options Expert Tuesday, November 17, 2009: Issue #1139 To put it bluntly, some people are just downright afraid of the options market. It’s too bad. Most believe the popular misconceptions and myths about options – among them, that they’re too complex,...
17Nov2009 | InvestmentU | 0 comments | Continued(BRS) Bristow Group Inc. – Earnings Report Surprised by 39.39%
Bristow Group Inc. (BRS) has surprised on estimates 3 out of the last 4 quarters by an average of 10.50%. The company is trading at 11.7x forward earnings. Company Description Bristow Group is one of the largest providers of helicopter services in the world. Its primary customers...
17Nov2009 | vitalstocks | 0 comments | Continued(CP) Canadian Pacific Issues $379 Million Debt Offering
Canadian Pacific Railway Company, a wholly owned subsidiary of Canadian Pacific Railway Limited (CP), has announced a debt offering of $379 million. The debt offering carries a coupon interest rate of 6.45% and will expire in November 2039. The offering will result in net proceeds...
17Nov2009 | vitalstocks | 0 comments | Continued(CTRP) Ctrip.com International Limited – Surprised by 25.81% in the Third Quarter
Ctrip.com International Ltd. (CTRP) has been taking advantage of the rebound in the Chinese economy. The company is expected grow 2009 earnings by 35.79%. Ctrip.com provides online travel services to business and leisure travelers in China. Travelers can make hotel reservations,...
17Nov2009 | vitalstocks | 0 comments | Continued(HD) Home Depot’s Sales Dip
Home Depot (HD), the largest home improvement retailer in the world, reported net income of $689 million or 41 cents per share in the third quarter of fiscal 2009, compared to net income of $756 million or 45 cents per share in the year-earlier quarter. The company witnessed...
17Nov2009 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Corporation – Bull of the Day
Sealed Air Corporation (SEE) reported third quarter 2009 EPS of 38 cents, above the Zacks Consensus Estimate of 33 cents and the prior-year EPS of 28 cents. The company raised its full-year 2009 EPS guidance to a range between $1.37-$1.45. The company expects to continue to realize...
17Nov2009 | vitalstocks | 0 comments | Continued(HOLX) Hologic, Incorporated – Bear of the Day
Hologic, Inc. (HOLX) reported fourth quarter earnings of 28 cents per share, above the Zacks Consensus Estimate of 26 cents, but a couple of cents below the year-ago earnings. For fiscal 2009, the company earned $1.17 per share, a cent below the year-ago earnings. Revenues declined...
17Nov2009 | vitalstocks | 0 comments | Continued(SKX) Sketchers USA Inc. – Beat Expectations in 4 of 4 Quarters by 195%
Sketchers USA Inc. (SKX) reported third-quarter results on Oct 21 that came in far ahead of expectations on strong international sales and margin expansion. Company Description Sketchers USA Inc. designs and sells footwear for men, woman and children in the United States and...
17Nov2009 | vitalstocks | 0 comments | Continued(NGSX) NeurogesX Wins Big FDA Approval for Qutenza
FDA Approves NeurogesX’s Qutenza After the market closed on November 16, 2009, NeurogesX (NGSX) announced that the U.S. FDA had approved Qutenza (capsaicin patch) for the management of neuropathic pain due to postherpetic neuralgia (PHN). We expect management to spend...
17Nov2009 | vitalstocks | 0 comments | Continued(DEJ) Dejour Enterprises’ Outlook Improves After Earnings Miss
Dejour Enterprises, Ltd. (DEJ) reported a loss of $0.03 Canadian (or CAD) per share for the quarter ended September 30, 2009, which was below our expectations of a loss of CAD 0.02 per share. The difference was primarily attributable to shut-in gas, which substantially exceeded...
16Nov2009 | vitalstocks | 0 comments | Continued(SEE) Sealed Air Corporation Upgraded to Outperform
Sealed Air Corporation (SEE) recently reported its third quarter results. The company posted earnings of 38 cents per share, beating the Zacks Consensus Estimate 33 cents as well as prior-year EPS of 28 cents. Through its stringent cost-control measures and global manufacturing...
16Nov2009 | vitalstocks | 0 comments | Continued(C) Citigroup to Sell Stake in Bellsystem24
Citigroup Inc. (C) announced that it will sell stake in Bellsystem24 to U.S. private equity firm, Bain Capital Partners, in a deal that values the Japanese call center operator at $1.1 billion. The company announced on Sunday that it will sell its 93.5% controlling stake in Bellsystem24...
16Nov2009 | vitalstocks | 0 comments | Continued(ADY) American Dairy Beats Consensus Earnings Estimates
American Dairy Inc. (ADY) reported third quarter results before the opening bell today. The company’s net income from continuing operations stood at $11.1 million, or 52 cents per share, from a loss of $22.1 million, or $1.19 per share in the year-ago quarter. Quarterly earnings...
16Nov2009 | vitalstocks | 0 comments | Continued(TMO) Thermo Fisher Scientific to Sell $350 Million in Notes
Thermo Fisher Scientific Inc. (TMO) decided to sell senior notes for refinancing certain of its outstanding indebtedness. The notes offered are $350 million aggregate principal amount of 2.15% senior notes due 2012 and $400 million aggregate principal amount of 3.25% senior notes...
16Nov2009 | vitalstocks | 0 comments | Continued