Archive for June, 2011
(LPX) Louisiana-Pacific Buys LP Brazil
Louisiana-Pacific Corporation (LPX) recently acquired the remaining 25% equity interest in Louisiana-Pacific-Brasil OSB Industria e Comercia S.A. (LP Brazil) through its subsidiary Louisiana-Pacific South America (LPSA). Louisiana-Pacific-Brasil OSB Industria e Comercia S.A....
22Jun2011 | vitalstocks | 0 comments | Continued(MDT) Medtronic Stent Found Safe
Leading medical devices player Medtronic (MDT) presented positive results for Valiant thoracic stent graft system after one-year patient follow-up in the US pivotal study, VALOR II, involving 160 patients. The data was presented at the annual meeting of the Society for Vascular...
22Jun2011 | vitalstocks | 0 comments | Continued(SLGN) Silgan Holdings Bows Out of Graham Packaging Race
Silgan Holdings Inc.’s (SLGN) acquisition agreement with Graham Packaging Company Inc. (GRM) has been terminated with Silgan not upping its prior offer within the three days’ grace period leading to Graham accepting Rank Group’s much superior offer. Last week, Graham...
22Jun2011 | vitalstocks | 0 comments | Continued(SCHS) School Specialty Posts a Loss
School Specialty Inc. (SCHS) recently posted fourth-quarter 2011 results. The company delivered a loss of 91 cents a share in the seasonally weak quarter that broadened from a loss of 73 cents reported in the prior-year quarter. On a reported basis, including one-time items,...
22Jun2011 | vitalstocks | 0 comments | Continued(WRC) Warnaco Group Completes Debt Offering
Warnaco Group Inc. (WRC) recently announced the completion of a senior secured term loan offering of $200.0 million. The debt has been scheduled to mature in 2018. Warnaco will pay interest at a floating rate of 1% bearing a fixed margin of 2.75%. Warnaco stated that it plans...
22Jun2011 | vitalstocks | 0 comments | ContinuedWhat to Expect from The Federal Reserve Meeting
The Fed is meeting tomorrow and Wednesday, and on Wednesday afternoon, it will announce the decision on the Fed Funds rate and release the policy statement, followed by a Ben Bernanke news conference. What do I expect? No change in the Fed Funds rate, which has been stuck in...
22Jun2011 | vitalstocks | 0 comments | Continued(PG) Procter and Gamble Defers Product Launch
Procter and Gamble (PG) has announced that it will delay the launch of the Tide Pods Liquid laundry tablets to early 2012 instead of September this year, as decided earlier. The chain disclosed that it was compelled to postpone the revolutionary launch till next year on grounds...
22Jun2011 | vitalstocks | 0 comments | Continued(EDAP) EDAP TMS SA Lithotriptors Cleared in Asia
EDAP TMS SA (EDAP), a worldwide leader in therapeutic ultrasound, recently revealed approval of its Sonolith i-move lithotripter by the health authorities in Japan. The company also announced the approval of its Sonolith i-sys high-end integrated lithotripter in Taiwan. The...
22Jun2011 | vitalstocks | 0 comments | ContinuedSoft Data – Falling Revisions Ratios
The first quarter earnings season is done. Net income growth was 17.12%. While that is down from the extremely strong 30.9% the same 495 of the S&P 500 firms posted in the fourth quarter, it is still a very strong growth rate. Almost all of the growth slowdown is from a failure...
22Jun2011 | vitalstocks | 0 comments | Continued(AXP) American Express Issues $600 Million in Notes
Last week, American Express Co.’s (AXP) (AmEx) American Express Credit Corp sold senior unsecured floating-rate notes worth $600 million, according to Thomson Reuters. The senior floating-rate notes were issued at a price of $100.00 and are dated to mature on June 24, 2014....
22Jun2011 | vitalstocks | 0 comments | Continued(ATML) Atmel Powers Samsung’s Tablet
Atmel Corporation (ATML) recently announced that Samsung has selected – Atmel maXTouch mXT1386, one of the company’s touch screen solutions, to power its flagship model Galaxy Tab 10.1. Atmel maXTouch continues to drive a number of touch devices from smartphones to 7-inch...
22Jun2011 | vitalstocks | 0 comments | Continued(F) Ford Motor Revs Up Lincoln Promotion
Ford Motor Co. (F) plans to invest $1 billion for developing its only surviving luxury line, Lincoln. The automaker will roll out seven all-new or significantly upgraded new generation Lincoln models by 2015, including a small car in 2014. Last year, Ford decided to expand its...
22Jun2011 | vitalstocks | 0 comments | Continued(LXK) Lexmark International Wins MPS Deal
Leading printing and imaging solutions provider Lexmark International Inc. (LXK) won a 3-year contract from a renowned tire and auto repair company TBC Corporation. Financial terms of the deal were not disclosed. Per the contract terms, Lexmark will provide its Managed Printing...
22Jun2011 | vitalstocks | 0 comments | Continued(COF) The Cheap “Ones” – Finding Value Stocks
Firms for which the market’s expectations of the future are low tend to be very cheap statistically. There is a very large body of research that suggests that over time you do much better buying cheap firms than expensive ones, even if the expensive ones seem to have the hot...
22Jun2011 | vitalstocks | 0 comments | Continued(ATK) Alliant Techsystems Gears to Boost Aircraft Business
Alliant Techsystems Inc. (ATK), at the Paris Air Show, announced that its state-of-the-art Aircraft Commercial Center of Excellence (ACCE) in Clearfield, Utah, is soon to go online. Alliant expects the opening of this facility to take the company’s aircraft composite business...
22Jun2011 | vitalstocks | 0 comments | Continued(BBY) Best Buy Analyst Maintains Neutral on Shares
We reiterate our long-term Neutral recommendation on Best Buy Company Inc. (BBY), one of the leading specialty retailers of consumer electronic products, home office products, entertainment software, appliances and related services, with a price target of $32.00. Best Buy’s...
22Jun2011 | vitalstocks | 0 comments | Continued(CAT) Caterpillar Increasing Texan Plant
Caterpillar Inc. (CAT), in its drive to become the global leader in the excavator industry, will further expand its under construction, state-of-the-art, 850,000-square-foot manufacturing facility in Victoria, Texas by an additional 200,000 square feet at an added cost of $70...
22Jun2011 | vitalstocks | 0 comments | Continued(URS) URS Wins Indiana Contract
URS Corporation (URS) received a contract for its engineering, procurement, and construction services from Hoosier Energy Rural Electric Cooperative Inc. The services are to upgrade the present flue gas desulfurization systems at Hoosier Energy’s Merom Generating Station in...
22Jun2011 | vitalstocks | 0 comments | Continued(APD) Air Products & Chemicals Launches New Mill
Air Products & Chemicals Inc. (APD) intends to launch its new PolarFit ultra-fine-grinding mill at PTX Canada in Toronto starting from June 21 to June 23. The new PolarFit ultra-fine-grinding mill offers advance technology while providing a cost-effective way to reduce hard-to-grind...
22Jun2011 | vitalstocks | 0 comments | Continued(WAG) Optimism in the Market
The backdrop for today’s market action is the last Fed meeting of the QE2 era and a critical vote in the Greek parliament later today. Stocks appear to be discounting a happier outcome in the ongoing Greek Drama. We also saw relatively more momentum in some of the cyclical...
22Jun2011 | vitalstocks | 0 comments | Continued(PFS) Roche Holdings Reports Positive Data on BCC Drug
Roche Holdings Ltd. (RHHBY) reported positive results from a mid-stage trial on vismodegib. The candidate is being evaluated for the treatment of advanced basal cell carcinoma (BCC). The phase II trial (ERIVANCE BCC) involved patients whose lesions could not be operated, or for...
22Jun2011 | vitalstocks | 0 comments | Continued(M) Macy’s New Strategy Lowers Interest
Going with its new strategy, Macy’s Inc. (M), one of the leading department store retailers in the United States, entered into a new four-year bank credit agreement with a consortium of world’s leading investment bankers. The new $1.5 billion agreement is scheduled to mature...
22Jun2011 | vitalstocks | 0 comments | Continued(H) Hyatt Hotels Expands in Malaysia
Hyatt Hotels Corporation (H) recently announced that one of its affiliates has signed a contract with Bahagia Investment Corporation (Malaysia) Sdn Bhd for the operation of Grand Hyatt Kuala Lumpur. Financial terms of the deal were not disclosed. Bahagia Investment, a property...
22Jun2011 | vitalstocks | 0 comments | Continued(ALL) Allstate Announces Catastrophe Losses
Property and casualty insurer Allstate Corp. (ALL) has made an upward revision to its preliminary estimate of catastrophe losses (cat losses) from property damages owing to the adverse weather conditions that continued into May. After the revision, the company expects pre-tax...
22Jun2011 | vitalstocks | 0 comments | Continued(NOK) Did Nokia Win the Battle Against Apple, But Lose the War?
by Tony D’Altorio, Investment U Research Wednesday, June 22, 2011 A long-running dispute between two mobile phone giants – Nokia (NYSE: NOK) and Apple (Nasdaq: AAPL) – is over. During the battle, each company had accused the other of stealing smartphone technology and...
22Jun2011 | InvestmentU | 0 comments | Continued(EK) Fujifilm Holdings Corporation-Mitsubishi Corporation Enter Contract
Fujifilm Holdings Corporation (FUJIY.PK) and Mitsubishi Corporation (MSBHY.PK) entered into a partnership in the contract manufacturing business of biopharmaceuticals. Under this venture, Fujifilm agreed to transfer the ownership of 20% equity interests, in its pharma subsidiaries...
22Jun2011 | vitalstocks | 0 comments | Continued(ARRS) Arris Group Analyst Maintains Neutral Rating
We reaffirm our long-term Neutral recommendation on Arris Group Inc. (ARRS). The company’s first-quarter 2011 financial results failed to meet the Zacks Consensus Estimates. Arris is a leading provider of infrastructure solutions for broadband networks. The company’s success...
22Jun2011 | vitalstocks | 0 comments | Continued(APD) Air Products and Chemicals Analyst Maintains Neutral on Shares
We maintain our Neutral recommendation on Air Products and Chemicals Inc. (APD) as it is well positioned to capitalize on the cyclical recovery in its core industrial end-markets. The company has sufficient capacity to meet the expected upturn in demand without incurring additional...
22Jun2011 | vitalstocks | 0 comments | Continued(DISH) DISH to Open Bidding for TerreStar
Yesterday, the U.S. bankruptcy court in Manhattan has permitted DISH Network Corp. (DISH), the second largest satellite TV operator in the U.S., to open the bidding process for the auction of the currently bankrupt TerreStar Networks Inc. Earlier, DISH Network has made a cash...
22Jun2011 | vitalstocks | 0 comments | Continued(ESRX) Walgreen’s Terminates Agreement With Express Scripts
With just half a year left for the termination of the agreement, Express Scripts Inc. (ESRX) recently announced that Walgreen Co. (WAG) is not renewing its agreement with Express Scripts. In a move that has shocked Express Scripts, Walgreen will not be a part of Express Scripts’...
22Jun2011 | vitalstocks | 0 comments | Continued