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	<title>Stock Blog Hub &#187; Valmont Industries</title>
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		<title>(VMI) Valmont Industries Incorporated &#8211; Bear of the Day</title>
		<link>http://www.stockbloghub.com/2010/08/30/vmi-valmont-industries-incorporated-bear-of-the-day/49786</link>
		<comments>http://www.stockbloghub.com/2010/08/30/vmi-valmont-industries-incorporated-bear-of-the-day/49786#comments</comments>
		<pubDate>Mon, 30 Aug 2010 14:49:36 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Metal Fabrication]]></category>
		<category><![CDATA[Valmont Industries]]></category>
		<category><![CDATA[VMI]]></category>

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		<description><![CDATA[We are downgrading Valmont Industries (VMI) to Underperform from Neutral and are also reducing our target price to $63.00 from $91.00 due to the company&#8217;s muted second quarter 2010 profitability and poor topline growth. Valmont fell short of the Zacks Consensus Estimate by 39 cents. Results were hurt by a subdued performance in the Utility Support Structures and Engineered Support Structures segments, caused by a weak commercial and residential construction market. Soft demand for wireless communication structures as well as poor federal spending on infrastructure led to lower revenues. We do not expect any significant momentum in Valmont&#8217;s major businesses until a new highway bill is passed. Our long-term Underperform recommendation on the stock indicates that it would perform below the market. Our $63.00 target price, based on 15.4x 2010 ]]></description>
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		<title>(VMI) Valmont Industries Guides Earnings Lower</title>
		<link>http://www.stockbloghub.com/2010/04/07/vmi-valmont-industries-guides-earnings-lower/33010</link>
		<comments>http://www.stockbloghub.com/2010/04/07/vmi-valmont-industries-guides-earnings-lower/33010#comments</comments>
		<pubDate>Thu, 08 Apr 2010 00:31:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Metal Fabrication]]></category>
		<category><![CDATA[Valmont Industries]]></category>
		<category><![CDATA[VMI]]></category>

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		<description><![CDATA[Valmont Industries Inc. (VMI), a U.S. manufacturer of lighting poles and support structures, is expecting a 20% year-over-year decline in revenues in the first quarter of 2010. The company is expecting revenues of about $365.0 million in the quarter compared with last year’s $455.2 million. A subdued performance in the Irrigation and Utility segments are expected to drive the decline in revenues. Valmont expects operating income in the range of $29.5 million to $31.5 million in the quarter. Full year earnings are expected to be down 25% year over year. A slowing economy affects Valmont negatively. The company is witnessing lower sales due to a weak commercial construction market in the U.S. Sales of lighting structures to electrical utilities are also feeble due to the recent weakness in the residential ]]></description>
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		<title>(VMI) Valmont Industries May Be Downgraded By Standard &amp; Poor&#8217;s Ratings Services</title>
		<link>http://www.stockbloghub.com/2010/03/08/vmi-valmont-industries-may-be-downgraded-by-standard-poors-ratings-services/30069</link>
		<comments>http://www.stockbloghub.com/2010/03/08/vmi-valmont-industries-may-be-downgraded-by-standard-poors-ratings-services/30069#comments</comments>
		<pubDate>Tue, 09 Mar 2010 00:34:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Metal Fabrication]]></category>
		<category><![CDATA[Valmont Industries]]></category>
		<category><![CDATA[VMI]]></category>

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		<description><![CDATA[Standard &#38; Poor&#8217;s Ratings Services has put Valmont Industries Inc. (VMI), the U.S. maker of lighting poles and support structures, on a negative credit review. The news comes after VMI announced that it has agreed to acquire British industrial engineering firm Delta Plc. for £284.5 million ($429.1 million) in cash. The offer represents a premium of 20.3% to Delta&#8217;s closing price on March 3, 2009. Standard &#38; Poor&#8217;s may downgrade Valmont due to the debt the company is taking on with its purchase of Delta Plc. The agency also cited potential integration problems and smaller profits in 2010 as other reasons behind the possible downgrade. According to the agency, Valmont is taking on about $350 million of Delta&#8217;s debt in the all-cash deal at a time when its U.S. markets ]]></description>
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		<title>(VMI) Valmont Industries to Acquire Delta Plc</title>
		<link>http://www.stockbloghub.com/2010/03/05/vmi-valmont-industries-to-acquire-delta-plc/29877</link>
		<comments>http://www.stockbloghub.com/2010/03/05/vmi-valmont-industries-to-acquire-delta-plc/29877#comments</comments>
		<pubDate>Fri, 05 Mar 2010 18:57:55 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Industrial Goods]]></category>
		<category><![CDATA[Metal Fabrication]]></category>
		<category><![CDATA[Valmont Industries]]></category>
		<category><![CDATA[VMI]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=29877</guid>
		<description><![CDATA[Valmont Industries Inc. (VMI), a U.S. maker of lightning poles and support structures, has agreed to acquire British industrial engineer Delta Plc. for $429.1 million or £284.5 million in cash. The offer represents a premium of 20.3% to Delta&#8217;s closing price on Mar 3, 2009. Valmont stated that the offer price was determined on the basis that Delta will not pay a final dividend for the year ended Dec 31. Valmont expects to close the transaction in the second quarter of 2010. The company expects the deal to add to its earnings in 2011. Delta is a manufacturer of support structures for the lighting, wireless and utility industry, industrial access systems and road safety systems in the U.K. The company has operations in Australia, New Zealand, the U.S., China, South ]]></description>
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