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Archive for October, 2011

(CLNO, RCII, GCBC, ACAT) Stock under Consideration by DrStockPick.com

October 26th, 2011 at 12:58 pm





Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

Read full article at: http://drstockpick.com/?p=22713



THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY!

Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. DrStockPick.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold DrStockPick.com report and Crown Equity Holdings Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (Read more at http://drstockpick.com/disclaimer) .Rule 17B requires disclosure of payment for investor relations. Crown Equity Holdings Inc. (CRWE.OB) is a media-advertisement and newswire company.Crown Equity Holdings Inc. (CRWE.OB), in some cases, provides media advertising and public awareness for both public and private companies, as well as disseminating news. As such, in some cases, when Crown Equity Holdings Inc. (CRWE.OB) advertises for a particular client, Crown Equity Holdings Inc. (CRWE.OB) charges an advertising fee which it must disclose under 17B. The fee may be in cash, in free trading stock or in restricted stock. Crown Equity Holdings Inc. (CRWE.OB), if paid in stock, can and may sell those securities during the advertising period. Crown Equity Holdings Inc. (CRWE.OB) has received 1,000,000 shares of 144 restricted stocks from the company for 12 months of media advertisement and IR services and 4,000,000 shares of 144 restricted stocks from the company for management fee through end of June for Cleantech Transit, Inc. (CLNO.OB).

(MS, DLB, LUX, CRWE, BT) Stock in Review by DrStockPick.com

October 25th, 2011 at 05:10 pm













Morgan Stanley (NYSE:MS) announced the sale of Saxon Mortgage Services, Inc., a provider of servicing and subservicing of residential mortgage loans, to Ocwen Financial Corporation (OCN). Ocwen has agreed to acquire Saxon for the base purchase price of $59.3 million, plus an estimated $1.4 billion for servicing advance receivables outstanding. The transaction is targeted to close in the first quarter of 2012 and is not expected to have a material impact on financial results.

In addition, Morgan Stanley Smith Barney announced today that it will have two speakers featured at the 19th annual conference of the National Association of Stock Plan Professionals (NASPP) on November 1–4, 2011, in San Francisco. Morgan Stanley Smith Barney provides stock plan services to nearly 2.5 million participants at more than 500 corporations globally, including more than 20 percent of the Fortune 500.

The 2011 NASPP Annual Conference includes four days of often critical and timely discussions for professionals involved in the design, oversight, administration, and disclosure of stock and executive compensation.

One session features Christopher Dohrmann, Executive Director, Global Stock Plan Services at Morgan Stanley Smith Barney, on a panel exploring the inadvertent administrative and compliance consequences of some common practices relating to stock options, restricted stock and Employee Stock Purchase Plans. “Sometimes, even the most well-intended plan provisions can lead to unforeseen pitfalls. As a leading stock plan services provider, we can present some of the best practices we’ve seen to help issuers avoid administrative headaches,” said Mr. Dohrmann.

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, institutions and individuals from more than 1,300 offices in 42 countries.

More about MS at www.morganstanley.com.

Read the full article and disclaimer at: http://drstockpick.com/?p=22693

(TAL, PRX, KMI, CLNO) Stock Highlights by DrStockPick.com

October 25th, 2011 at 01:19 pm







TAL International Group, Inc. (NYSE:TAL) announced that it will report its financial results for the third quarter ended September 30, 2011 after the market closes on Wednesday, October 26, 2011. The Company's management will host a conference call on Thursday, October 27, 2011 at 9:00 a.m. ET to review the third quarter financial results.

TAL International Group, Inc. engages in leasing intermodal containers and chassis worldwide. It operates through two segments, Equipment Leasing and Equipment Trading.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22691

(BMI, HCC, GBLHF, ST) Featured Stock by DrStockPick.com

October 25th, 2011 at 01:16 pm





Badger Meter Inc. (NYSE:BMI) reported results for the third quarter ended September 30, 2011. Net sales were $69,698,000 for the third quarter of 2011, a 7.9% decrease from record sales of $75,702,000 for the third quarter of 2010. Net earnings were $6,880,000 for the third quarter of 2011, a 23.8% decrease from record net earnings of $9,023,000 for the third quarter of 2010. Diluted earnings per share were $0.46 for the third quarter of 2011, a 23.3% decrease from record diluted earnings per share of $0.60 for the third quarter of 2010.

Badger Meter, Inc. engages in manufacturing and marketing liquid flow measurement and control technology products worldwide. Its products are used in various applications, including water, oil, and chemicals.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22690

(CRWE, AVT, SFY, NRP) Stock Report from DrStockPick.com

October 25th, 2011 at 01:14 pm





Crown Equity Holdings, Inc. (CRWE)

Voice over Internet Protocol (VoIP) is a technology that allows you to make voice calls using a broadband Internet connection instead of a regular (or analog) phone line. Some VoIP services may only allow you to call other people using the same service, but others may allow you to call anyone who has a telephone number - including local, long distance, mobile, and international numbers. Also, while some VoIP services only work over your computer or a special VoIP phone, other services allow you to use a traditional phone connected to a VoIP adapter.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22689

(HNT, CLNO, FRC, MDP) Stock Updates by DrStockPick.com

October 25th, 2011 at 01:11 pm





Health Net Inc (NYSE:HNT) announced the promotion of Thomas F. Carrato to president, Health Net Federal Services, LLC, part of the Government Contracts segment of Health Net, Inc. In addition, Carrato has responsibility for MHN Government Services, a subsidiary of Managed Health Network, Inc. (MHN).

Health Net, Inc provides managed health care services through its health plans and government-sponsored managed care plans.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22688

(CSC, STE, HSP, MJGCF) Stock under Consideration by DrStockPick.com

October 25th, 2011 at 01:08 pm





Computer Sciences Corporation (NYSE:CSC) announced the appointment of Peter Donnelly as president of CSC in Canada. Donnelly will provide leadership to CSC's Canadian operations and focus on long term growth of the business.

Computer Sciences Corporation provides information technology (IT) and professional services to governments and commercial enterprises.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22687

TRST, CLNO, SONO, KBR, WCG - Market Review From DrStockPick.com!

October 24th, 2011 at 02:56 pm



















TrustCo Announces Third Quarter Net Income Up 10%




TrustCo Bank Corp NY (TrustCo) (Nasdaq:TRST) announced net income for the third quarter of 2011 of $9.2 million, up 10.4% over the prior-year period and equal to diluted earnings per share of $0.100, as compared to net income of $8.4 million and diluted earnings per share of $0.109 for the third quarter of 2010. Third quarter 2011 per share results include the effect of the common stock offering completed on July 6, 2011.

The Company also noted that third quarter 2010 results included one-time tax items that provided a net benefit of $836 thousand. On a pre-tax basis, earnings were up 25.0% from $11.5 million in the third quarter of 2010 to $14.4 million in the third quarter of 2011. The third quarter of 2011 also saw continued core balance sheet growth.

Robert J. McCormick, President and Chief Executive Officer noted, "We are pleased that the third quarter resulted in solid earnings gains, continued core loan and deposit growth and a decline of approximately $1.3 million in nonperforming assets versus the second quarter, and we look forward to the remainder of 2011 and 2012 with optimism as our internal trends remain positive. The banking industry still faces challenges, but the progress we have made this year has helped to position TrustCo for continued growth and profitability."

For the first nine months of 2011 net income was $24.4 million and resulted in diluted earnings per share of $0.296, as compared to the first nine months of 2010 net income of $22.4 million and diluted earnings per share of $0.292. Net income was up 8.7% from the first nine months of 2010 to the first nine months of 2011, and income before taxes was up 12.7%. Return on average equity and return on average assets were 11.38% and 0.80%, respectively, for the first nine months of 2011 and 11.83% and 0.80% for the comparable period in 2010.

On July 6, 2011 the Company completed an offering of 15.6 million common shares, raising net proceeds of $67.6 million. The additional capital significantly improved the Company's capital position, with the tangible equity ratio rising from 6.59% at June 30, 2011 to 8.04% at September 30, 2011. Tangible book value per share also increased, from $3.47 per share to $3.62 per share over that period. Mr. McCormick noted that "Our strengthened capital position prepares us for continued balance sheet growth in the future."

TrustCo Bank Corp NY is a $4.2 billion bank holding company and through its subsidiary, Trustco Bank, operates 135 offices in New York, New Jersey, Vermont, Massachusetts, and Florida.

In addition, the Bank operates a full service Trust Department. The common shares of TrustCo are traded on the NASDAQ Global Select Market under the symbol TRST.

For more information about TRST please visit http://www.trustcobank.com

Read the full article and the disclaimer at: http://drstockpick.com/?p=22673

(TWTC, TESO, PWOD, CLNO) Stock Highlights by DrStockPick.com

October 24th, 2011 at 02:49 pm






TW Telecom Inc. (Nasdaq:TWTC) announced that Presbyterian Healthcare Services (PHS) has selected it to provide 10 Gigabit Ethernet service to connect its newest, state-of-the-art hospital to its existing network of more than 20 facilities located throughout New Mexico.

tw telecom inc. provides of managed network services to enterprise organizations and communication services companies in the United States.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22681

(GIFI, CRWE, CCOI, KNSY) Featured Stock by DrStockPick.com

October 24th, 2011 at 02:44 pm






Gulf Island Fabrication Inc. (Nasdaq:GIFI) will announce 2011 third quarter earnings after the market close on Thursday, October 27, 2011.

Gulf Island Fabrication, Inc. operates as a fabricator of offshore drilling and production platforms, hull and deck sections of floating production platforms, and other specialized structures used in the development and production of offshore oil and gas reserves.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22680

(HMSY, CLNO, SUSS, RNOW) Stock Report from DrStockPick.com

October 24th, 2011 at 02:31 pm





HMS Holdings Corp. (Nasdaq:HMSY) announced it will host a webcast and conference call at 9:00 a.m. ET on Friday, October 28, 2011 to discuss the financial results for the third quarter 2011 which ended September 30.

HMS Holdings Corp. provides cost containment, coordination of benefits, and program integrity services. The company's services enable clients to recover amounts due from liable third parties, reduce fraud, and ensure regulatory compliance.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22679

(TCLP, WTFC, GBLHF, BCSI) Stock Updates by DrStockPick.com

October 24th, 2011 at 02:29 pm





TC Pipelines LP (Nasdaq:TCLP) declared the Partnership's third quarter 2011 cash distribution of $0.77 per common unit. The distribution is equivalent to the second quarter 2011 distribution and represents a 2.7 per cent increase from the $0.75 per common unit paid in third quarter 2010. This cash distribution is the 50th consecutive quarterly distribution paid by the Partnership and is payable on November 14, 2011 to unitholders of record at the close of business on October 31, 2011.

TC PipeLines, LP, together with its subsidiaries, transports natural gas in the United States (U.S.) and eastern Canada.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22678

(CLMT, LGND, CSWC, CRWE) Stock under Consideration by DrStockPick.com

October 24th, 2011 at 02:24 pm





Calumet Specialty Products Partners LP (Nasdaq:CLMT) announced an increase in its quarterly cash distribution to $0.50 per unit ($2.00 per unit on an annualized basis) for the quarter ended September 30, 2011 on all of its outstanding limited partner units. The distribution will be paid on November 14, 2011 to holders of record of such units at the close of business on November 4, 2011.

Calumet Specialty Products Partners, L.P. produces and sells specialty hydrocarbon products in North America. It operates in two segments, Specialty Products and Fuel Products.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22677

(MITL, CNO, AEA, CRWE, DHI) Stock in Review by DrStockPick.com

October 22nd, 2011 at 04:43 pm

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http://crweselect.com/img/stwmitloct.png

mitl Mitel Networks Corp. (NASDAQ:MITL)

"We're very excited to continue our growth in these important markets with Landata," stated Graham Bevington, vice president, International Markets, Mitel.

MITL recently reported that Landata, a business division of Systematic-Group and a leading IT/Telco distributor in Russia, has added MITL UC solutions to its portfolio. This will broaden Landata's commercial and technology offering to resellers as well as expand the availability of MITL solutions in Russia, the Commonwealth of Independent States (CIS) and Eastern Europe. MITL believes its Freedom Architecture, an open model for UC based on a single, cloud-ready software stream, is well-suited for these markets as it delivers advanced communications functionality combined with the ability to leverage industry-standard servers alongside existing infrastructure.

MITL is a global provider of business communications and collaboration software and services. MITL Freedom architecture provides the flexibility and simplicity organizations need to support today's dynamic work environment. Through a single cloud-ready software stream, MITL delivers a powerful suite of advanced communications and collaboration capabilities that provides freedom from walled garden architectures and enables organizations to implement best-of-breed solutions on any network; extends the "in-office" experience anywhere, on any device; and offers choice of commercial options to fit business needs.

For more information about MITL please visit http://www.mitel.com/

Read the full article and the disclaimer at: http://drstockpick.com/?p=22670

(SB, MJGCF, MWA, ADX) Stock Highlights by DrStockPick.com

October 22nd, 2011 at 03:00 pm





Safe Bulkers, Inc. (NYSE:SB) announced its unaudited financial results for the three and nine month period ended September 30, 2011. Net revenue for the third quarter of 2011 increased by 4% to $42.5 million from $40.8 million during the same period in 2010. Net income for the third quarter of 2011 decreased by 10% to $19.8 million from $22.0 million during the same period in 2010. Adjusted net income for the third quarter of 2011 decreased slightly to $25.9 million from $26.1 million during the same period in 2010.EBITDA for the third quarter of 2011 decreased by 7% to $26.6 million from $28.6 million during the same period in 2010. Adjusted EBITDA for the third quarter of 2011 increased slightly to $32.8 million from $32.7 million during the same period in 2010.

Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company transports various bulk cargoes, primarily coal, grain, and iron ore. As of October 7, 2011, it had a fleet consisted of 17 drybulk vessels.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22669

(XOXO, GCAP, CLNO, ACW) Featured Stock by DrStockPick.com

October 22nd, 2011 at 02:56 pm





XO Group, Inc. (NYSE:XOXO) announced that it will release its third quarter 2011 financial results on Thursday, November 3, 2011, at 4:00 p.m. ET. Following the release, the Company will host a conference call for investors at 4:30 p.m. ET (1:30 p.m. PT) to discuss the results.

XO Group Inc. provides multiplatform media services to the wedding, newlywed, and pregnancy markets in the United States.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22668

(FNB, GKK, PCS, GBLHF) Stock Report from DrStockPick.com

October 22nd, 2011 at 02:52 pm





F.N.B. Corporation (NYSE:FNB) reported third quarter 2011 financial results. Net income for the third quarter of 2011 was $23.8 million, or $0.19 per diluted share, compared to $22.4 million, or $0.18 per diluted share, in the second quarter of 2011 and $17.2 million, or $0.15 per diluted share, in the third quarter of 2010.

F.N.B. Corporation, through its subsidiaries, provides various financial services to consumers and small to medium-sized businesses.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22667

(CRWE, ALJ, ENZ, AMRC) Stock Updates by DrStockPick.com

October 22nd, 2011 at 02:48 pm





Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) recently announced that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.

Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."

Read the full article and the disclaimer at: http://drstockpick.com/?p=22666

(CLNO, ELY, BXS, SCI) Stock under Consideration by DrStockPick.com

October 22nd, 2011 at 02:42 pm





Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22665

(RMBS, PETS, FSBI, CRWE, FXCB) Stock in Review by DrStockPick.com

October 21st, 2011 at 02:55 pm









Rambus Reports Third Quarter Financial Results



Rambus Inc. (NASDAQ:RMBS), one of the world’s premier technology licensing companies, reported financial results for the third quarter ended September 30, 2011.

Revenue for the third quarter of 2011 was $100.3 million, up 51% sequentially from the second quarter of 2011 primarily due to the recognition of royalties from new licensing agreements signed in the second and third quarter of 2011. As compared to the third quarter of 2010, revenue was up 216% primarily due to the revenue recognized from agreements signed since the third quarter of 2010. Revenue for the nine months ended September 30, 2011 was $229.0 million, down 2% over the same period of last year, due to the recognition during the first quarter of 2010 of revenue from the settlement agreement signed with Samsung Electronics Co., Ltd. (“Samsung”), partially offset by the revenue recognized from agreements signed since the third quarter of 2010.

Total operating costs and expenses for the third quarter of 2011 were $89.5 million, which included general litigation expenses of $23.5 million, $7.2 million of stock-based compensation expenses and retention bonuses and amortization expenses related to the acquisition of Cryptography Research Inc. (“CRI”) of $12.7 million. This is compared to total operating costs and expenses for the second quarter of 2011 of $68.7 million, which included general litigation expenses of $11.5 million, $7.0 million of stock-based compensation expenses and CRI related deal costs, retention bonuses and amortization expenses of $8.4 million. Total operating costs and expenses in the third quarter of 2010 were $43.2 million, which included general litigation expenses of $4.6 million, $7.5 million of stock-based compensation expenses and gain from the Samsung settlement of $10.3 million.

Rambus is one of the world’s premier technology licensing companies. As a company of inventors, Rambus focuses on the development of technologies that enrich the end-user experience of electronic systems.

Additional information is available at www.rambus.com.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22663

(KVHI, MJGCF, BOOT, OSTK) Stock Highlights by DrStockPick.com

October 21st, 2011 at 02:52 pm





KVH Industries Inc. (Nasdaq:KVHI) will announce its financial results for the third quarter that ended September 30, 2011, on Wednesday, October 26, 2011. In conjunction with the release, the company will conduct its investor conference call at 10:30 a.m. ET, hosted by Mr. Martin Kits van Heyningen, chief executive officer, and Mr. Patrick Spratt, chief financial officer.

KVH Industries, Inc. engages in the development, manufacture, and marketing of mobile communication products for the marine, land mobile, and aeronautical markets primarily in North America, Europe, and Asia.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22662

(XXIA, RMCF, CLNO, BDE) Featured Stock by DrStockPick.com

October 21st, 2011 at 02:50 pm





Ixia (Nasdaq:XXIA) reported its financial results for the third quarter ended September 30, 2011. Total revenue for the 2011 third quarter was $77.3 million, compared with $70.9 million reported for the 2010 third quarter and $69.0 million reported for the 2011 second quarter.

Ixia supplies converged network and application performance testing solutions for network equipment manufacturers, service providers, enterprises, and government agencies the United States and internationally.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22661

(NHTB, WIN, EROC, GBLHF) Stock Report from DrStockPick.com

October 21st, 2011 at 02:46 pm





New Hampshire Thrift Bancshares Inc (Nasdaq:NHTB) reported consolidated net income for the nine months ended September 30, 2011 of $6,038,630, or $0.96 per common share (assuming dilution), compared to $5,827,086, or $0.94 per common share (assuming dilution), for same period in 2010, an increase of $211,544, or 3.63%. For the three months ended September 30, 2011, the Company reported consolidated net income of $2,013,490, or $0.31 per common share (assuming dilution), compared to $2,103,116, or $0.34 per common share (assuming dilution), for the three months ended September 30, 2010.

New Hampshire Thrift Bancshares, Inc. operates as the holding company for Lake Sunapee Bank, fsb that provides banking and other financial services in New Hampshire and Vermont.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22660

(CRWE, VSBN, BRID, STX) Stock Updates by DrStockPick.com

October 21st, 2011 at 02:43 pm





Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) recently announced that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.

Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."

Read the full article and the disclaimer at: http://drstockpick.com/?p=22659

(CLNO, ELOS, PFBC, ENOC) Stock under Consideration by DrStockPick.com

October 21st, 2011 at 02:40 pm





Cleantech Transit, Inc. (CLNO)

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.

The use of biomass energy has the potential to greatly reduce our greenhouse gas emissions. Biomass generates about the same amount of carbon dioxide as fossil fuels, but every time a new plant grows, carbon dioxide is actually removed from the atmosphere. The net emission of carbon dioxide will be zero as long as plants continue to be replenished for biomass energy purposes. These energy crops, such as fast-growing trees and grasses, are called biomass feedstocks. The use of biomass feedstocks can also help increase profits for the agricultural industry.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22658

(ETFC, AA, EXAM, GBLHF, PQ) Stock in Review by DrStockPick.com

October 20th, 2011 at 03:40 pm









Net income of $71 million, or $0.24 per share, compared with net income of $0.16 per share in prior quarter and $0.03 per share in third quarter 2010

Income tax included a benefit of approximately $62 million, or $0.21 per share, related to the taxable liquidation of an international subsidiary

Other expenses included a reserve of $55 million, or $0.13 per share, related to E*TRADE Securities LLC's intention to initiate an offer to purchase auction rate securities purchased through the firm by individual investors before Feb. 11, 2008

FDIC expense increased $12 million from the prior quarter, including $6 million related to second quarter premiums

Total net revenue of $507 million, down from $518 million in prior quarter and up from $489 million in third quarter 2010

Provision for loan losses of $98 million, down from $103 million in prior quarter and $152 million in third quarter 2010

Special mention delinquencies (30-89 days) were flat compared with prior quarter; at-risk delinquencies (30-179 days) down five percent from prior quarter

Daily Average Revenue Trades (DARTs) of 165,000, up 11 percent from prior quarter and up 30 percent from third quarter 2010

Net new brokerage assets of $2.6 billion, up from $1.5 billion in prior quarter and $1.4 billion in third quarter 2010

Net new brokerage accounts of 13,000, down from 25,000 in prior quarter and up from 7,000 in third quarter 2010




E*TRADE Financial Corporation (NASDAQ: ETFC) announced results for its third quarter ended Sept. 30, 2011, reporting net income of $71 million, or $0.24 per share, compared with net income of $47 million, or $0.16 per share, in the prior quarter and net income of $8 million, or $0.03 per share, in the third quarter of 2010. The company reported total net revenue of $507 million for the third quarter, compared with $518 million in the prior quarter and $489 million in the year-ago period.

During the quarter, the company recorded an income tax benefit of approximately $62 million related to the taxable liquidation of a European subsidiary. The subsidiary was liquidated in connection with the company's international restructuring activities. This liquidation resulted in the taxable recognition of certain losses, including historical acquisition premiums that the company incurred internationally. This tax benefit resulted in a corresponding increase to the company's deferred tax asset which currently stands at $1.5 billion.

"We are pleased with our third quarter results which — amid significant market volatility — demonstrated strength in our brokerage business, continued improvement in our loan portfolio and measurable progress against our strategic initiatives," said Steven Freiberg, Chief Executive Officer of E*TRADE Financial Corporation. "The retail investor was highly engaged, particularly in early August when we successfully managed periods of record trade, call, online chat and login volumes. Over the course of the quarter, we benefited from growth in net new assets and accounts, supported by a stable customer retention rate. Delinquency trends in our loan portfolio continue to improve and our quarterly loan provision is down approximately 80 percent from its peak. Our solid execution continues to move the firm forward as we focus on delivering the best investing experience and creating franchise value."

During the quarter, the company reserved $55 million, recorded in other operating expenses, related to its intention to initiate an offer to buy auction rate securities (ARS) held by customers of E*TRADE Securities LLC. This reserve relates primarily to the company's estimate of the securities' current fair value relative to their par value, and includes other estimated settlement costs.

Mr. Freiberg commented: "While we played a limited role in the market for these securities, we believe these actions will put this matter behind us and are in the best interest of our customers and stakeholders."

More about ETFC at www.etrade.com

Read full article and disclaimer at: http://drstockpick.com/?p=22651

(LDK, CLNO, GCI, MTW) Stock Highlights by DrStockPick.com

October 20th, 2011 at 03:37 pm





LDK Solar Co., Ltd. (NYSE:LDK) announced that the Company has signed an engineering, procurement and construction (EPC) agreement with Guodian Longyuan Zhangye New Energy Limited for a project located in Zhangye City in the Gansu province of China. The first phase of the project commenced this month, and completion is expected by December 31, 2011.

LDK Solar Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects.

Read the full article and the disclaimer at: http://drstockpick.com/?p=22650

(CRWE, AXL, CMC, FSS) Featured Stock by DrStockPick.com

October 20th, 2011 at 03:34 pm





Crown Equity Holdings, Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) recently announced that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.

Commenting on the joint venture, Kenneth Bosket, President of Crown Equity Holdings Inc., said: "We are excited to deliver VoIP communications solutions specifically designed to meet the business and residential market needs in this fast-growing global market."

Read the full article and the disclaimer at: http://drstockpick.com/?p=22649

(GFF, MJGCF, SBX, ACW) Stock Report from DrStockPick.com

October 20th, 2011 at 01:49 pm





Griffon Corporation (NYSE:GFF) announced that it has closed on the acquisition of the pots and planters business of Southern Sales & Marketing Group, Inc. The acquired business, which markets its products under the Southern Patio brand name ("Southern Patio"), is a leading designer, manufacturer and marketer of landscape accessories. Southern Patio had revenues for the fiscal year ended September 30, 2011 exceeding $40 million. Total purchase consideration approximated $23 million. Griffon expects the transaction to be immediately accretive to cash flow and earnings per share.

Griffon Corporation, through its subsidiaries, operates as a manufacturing company. The company Telephonics segment specializes in advanced electronic information and communication systems for defense, aerospace, civil, industrial, and commercial applications.

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(ARC, DTG, STAG, CLNO) Stock Updates by DrStockPick.com

October 20th, 2011 at 01:46 pm





American Reprographics Company, (NYSE:ARC) announced that it will hold a conference call with investors and analysts on Wednesday, November 2, 2011 at 2 P.M. Pacific Time (5 P.M. Eastern Time) to discuss results for the Company's third quarter of 2011. A news release announcing the third quarter 2011 results will be disseminated on November 2, 2011 after the market close. To access the live audio call, dial 877-402-8179. The conference ID number is 18695685. A live Webcast will also be made available on the investor relations page of ARC's website at www.e-arc.com.

American Reprographics Company, a reprographics company, provides business-to-business document management services.

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