Archive for December, 2009
(JOE) The St. Joe Company – Bear of the Day
The St. Joe Company (JOE) is one of the largest real estate developers in Florida, which has been hit hard by the downturn in the U.S. housing industry. Large price declines have led to significantly high levels of inventory and operations have deteriorated rapidly. St. Joe has...
22Dec2009 | vitalstocks | 0 comments | Continued(STO) Statoil ASA – Bull of the Day
Statoil ASA (STO) is gaining momentum with the start-up of operations on several new oil and gas fields. The growing share of natural gas in the company’s NCS (Norwegian Continental Shelf) volume mix enables it to play a leading role in the European natural gas market. A...
22Dec2009 | vitalstocks | 0 comments | Continued(FST) Forest Oil Corporation Completes Asset Divestiture
Forest Oil Corp. (FST) yesterday announced that it has closed its previously announced sale of the rest of its Permian Basin properties in West Texas and New Mexico for approximately $800 million to SandRidge Exploration and Production LLC, a wholly owned subsidiary of SandRidge...
22Dec2009 | vitalstocks | 0 comments | Continued(TGT) Target Corporation – Value Winner in Tough Retail Climate
Target Corp. (TGT) is looking like a winner in the value-driven retail environment, with its share price recently hitting a new 52-week high on strong Q3 earnings and an optimistic outlook from mid November. Third-Quarter Results Sales were up a bit more than 1% from last year...
22Dec2009 | vitalstocks | 0 comments | Continued(CML) Compellent Technologies – Earnings Estimates Are Still Rising
Compellent Technologies, Inc. (CML) estimates are rising, along with its share price, following recent news. Estimates Still Rising Since Compellent was featured as a Zacks Rank Buy in early November, full-year estimates have gained a penny for this and next year. The current...
22Dec2009 | vitalstocks | 0 comments | Continued(VALE) Investing in Brazilian Steel: Four Companies Set to Profit From Transportation Infrastructure
Tony Daltorio, Investment U Research Monday, December 22, 2009 Even though Vale (NYSE: VALE) decided to cut its iron ore production by about 10% during the global crisis, the iron ore-mining giant has found itself in hot water. Of course, other companies in Brazil and around...
22Dec2009 | InvestmentU | 0 comments | Continued(MMC) Marsh & McLennan to Buy HSBC Insurance
Expanding its insurance portfolio, Marsh & McLennan Co. Inc. (MMC) announced on Friday its decision to acquire HSBC Insurance Brokers Ltd (HIBL), a London-based wholly owned subsidiary of HSBC Bank. The deal, comprising both cash and shares, is set to be finalized for about...
22Dec2009 | vitalstocks | 0 comments | Continued(LVS) Las Vegas Sands’ Casino Projects Are On Track
Las Vegas Sands’ (LVS) expansion projects are right on track. Sands’ Chief Executive Officer, Sheldon Adelson, expects to complete its Macau casino expansion projects within a period of 5 years. Its Singapore casino resort project should open by the end of March 2010. The...
22Dec2009 | vitalstocks | 0 comments | Continued(E) Eni SpA Acquiring Heritage Oil Assets in Uganda
Eni SpA (E) has entered into a definitive agreement with Heritage Oil to purchase a 50% interest and operatorship in blocks 1 and 3A in Uganda for a total consideration of $1.35 billion. There is a provision of an additional consideration of $150 million if certain conditions...
22Dec2009 | vitalstocks | 0 comments | Continued(DBRN) The Dress Barn, Inc. – Estimates and Guidance Rise
The Dress Barn, Inc. (DBRN) recently surged higher on strong Q3 results from November and optimistic earnings guidance. Company Description Dress Barn, Inc. operates a chain of woman’s apparel specialty stores in the United States. The company was founded in 1962, owns...
22Dec2009 | vitalstocks | 0 comments | Continued(LL) Lumber Liquidators, Inc. – ROE of 20.9% is Almost Double Industry Average
Lumber Liquidators Inc. (LL) shares continue to set new all-time highs on the heels of its latest earnings surprise. Company Description Lumber Liquidators sells hardwood flooring through 180 locations in the U.S. The company sells a variety of flooring with up to 150 varieties...
22Dec2009 | vitalstocks | 0 comments | Continued(GTIV) Gentiva Health Services Downgraded to Neutral
We are downgrading Gentiva Health Services Inc. (GTIV) to Neutral because of concerns related to the intense competition faced by the company’s products, the vulnerability of Gentiva to reimbursement risk and the inherent risks associated with the company’s growth-by-acquisition...
22Dec2009 | vitalstocks | 0 comments | Continued(SJR) Shaw Communications Prepares for TV Everywhere
Shaw Communications Inc. (SJR), a leading Canadian cable MSO is trying hard to deploy on-demand online video services, popularly known as TV Everywhere service. The company has decided to purchase Verivue Inc’s flash-centric video switch to be used in its legacy video-on-demand...
22Dec2009 | vitalstocks | 0 comments | Continued(SAN) Non-US Banks Stock Review – December 2009 – Zacks Analyst Interviews
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression spread to almost the entire financial services industry and all corners of the globe. However, we believe that the worst of the global financial...
22Dec2009 | vitalstocks | 0 comments | Continued(GR) Goodrich Acquires Military Product Company, Atlantic Inertial Systems Global Holdings
Goodrich Corporation (GR) completed the acquisition of AIS Global Holdings LLC, known as Atlantic Inertial Systems, from an investment affiliate of J.F. Lehman & Company. The purchase price was approximately $375 million. AIS Global also known as Atlantic Inertial Systems...
22Dec2009 | vitalstocks | 0 comments | Continued(LECO) Lincoln Electric – Bull of the Day
Lincoln Electric (LECO) is pursuing a multi-year strategy to become more cost competitive by building manufacturing facilities in Eastern Europe, India, China and SE Asia. The company is using acquisitions to expand its manufacturing capabilities, broaden distribution networks...
22Dec2009 | vitalstocks | 0 comments | Continued(UPL) Ultra Petroleum Corporation Adds Properties to Marcellus Shale Region
Natural gas producer Ultra Petroleum Corporation (UPL) has agreed to buy additional properties in the Marcellus Shale region of Pennsylvania from an unnamed private company for $400 million. The deal, which will be financed with debt, is expected to close by late February 2010....
22Dec2009 | vitalstocks | 0 comments | Continued(BA) Boeing Bags All Nippon Airways Order
Boeing Company (BA) has bagged an order from All Nippon Airways (ANA) for five 777-200ER (Extended Range) and five 767-300ER jetliners. The order is valued at approximately $2 billion at list prices. Boeing’s 777-200ER jetliner is pitted against the A340-300 jetliner of Airbus....
22Dec2009 | vitalstocks | 0 comments | Continued(NOC) Northrop Grumman Sells Business Unit
Northrop Grumman Corporation (NOC) completed the sale of its business unit TASC, Inc. for $1.65 billion in cash to an investor group led by General Atlantic LLC and affiliates of Kohlberg Kravis Roberts & Co. L.P. The business unit was part of the Information Systems segment....
21Dec2009 | vitalstocks | 0 comments | Continued(AIG) American International Group Plans TARP Repayment
In a major revelation, American International Group Inc. (AIG) has disclosed its target of repaying the Troubled Asset Relief Program (TARP) loan back to the U.S. government within the next two years. For this, the company expects to raise funds through earnings from business...
21Dec2009 | vitalstocks | 0 comments | Continued(CHL) China Mobile Boostits Proprietary TD-SCDMA Handsets
Chinese wireless giant China Mobile (CHL) has reportedly expanded its mobile handset portfolio as the carrier unveiled 11 new devices designed to run on its proprietary TD-SCDMA 3G technology. These handset models are being developed by nine vendors including industry leading...
21Dec2009 | vitalstocks | 0 comments | Continued(DOV) Dover Unit Acquires FLIR Systems’ Arm
A subsidiary of industrial products company Dover Corp. (DOV) purchased the data systems division of a FLIR Systems Inc. (FLIR) subsidiary. The terms of the transaction were not disclosed. Dover’s Datamax-O’Neil unit, which makes label and receipt printing products,...
21Dec2009 | vitalstocks | 0 comments | Continued(AMZN) Amazon.com’s Kindle Beating Alternatives
Amazon.com’s (AMZN) Kindle seems to be the only popular e-reader currently available in sufficient volume. Barnes & Noble (BKS) recently sent out an email to customers who had pre-ordered their Nook e-reader, stating that they would not be able to meet the fulfillment schedule....
21Dec2009 | vitalstocks | 0 comments | Continued(DHR) Danaher Offers Cash to Acquire Genetix Group
Danaher Corporation (DHR) announced that it has made a cash takeover offer, through an indirect wholly owned subsidiary, to acquire all of the issued and to-be-issued shares of Genetix Group plc for 85 pence per share, implying an aggregate price of approximately GBP 50 million...
21Dec2009 | vitalstocks | 0 comments | Continued(PTI) Patni Computer Systems Ltd. – Consensus Estimates Higher in The Past 60 Days
Patni Computer Systems Limited (PTI) has put together a string of 4 surprises in a row since I last reviewed it in August. The Mumbai, India-based company, which provides IT services and business solutions including business and technology consulting, is still an attractive value...
21Dec2009 | vitalstocks | 0 comments | Continued(AMGN) Amgen Closer to Prolia Approval
In a major breakthrough, Amgen (AMGN) received good news with respect to its much awaited drug Prolia (denosumab). Amgen received a positive opinion from the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA) for Prolia, for the treatment...
21Dec2009 | vitalstocks | 0 comments | Continued(JPM) U.S. Bank Failures Touch 140 in ’09
Regulators shut down 7 more banks in California, Alabama, Florida, Georgia, Michigan and Illinois The struggling economy continues to take its toll on banks as U.S. regulators on Friday shuttered 7 more firms. Among the failed banks, two were based in California and the others...
21Dec2009 | vitalstocks | 0 comments | Continued(ORCL) “Merger Mania” Will Return in 2010: Here Are Three Ways To Profit
by Louis Basenese, Small Cap and Special Situations Expert Monday, December 21, 2009: Issue #1162 The masses balked at my projection. And, as they so often are, the masses were wrong. It’s not like I went out on a limb or anything either. All I said in November 2008 was...
21Dec2009 | InvestmentU | 0 comments | Continued(BHI) U.S. Drilling Rig Rig Count Jumps by 32
According to data from Houston-based oilfield services company Baker Hughes Inc. (BHI), the number of rigs searching for oil and gas in the U.S. rose for the week ended Dec. 18, reflecting intensified drilling activity by the producers amid recent optimism about an economic recovery...
21Dec2009 | vitalstocks | 0 comments | Continued(SAN) Non-U.S. Banks Stock Review – Dec. ’09 – Industry Outlook
Starting as a credit issue in the subprime segment of the U.S. mortgage market, the worst financial crisis since the Great Depression spread to almost the entire financial services industry and all corners of the globe. However, we believe that the worst of the global financial...
21Dec2009 | vitalstocks | 0 comments | Continued