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Fuel Systems Solutions CEO Sells 10,000 Shares of FSYS
Monday, November 15, 2010 - 5:11pm | 51In a Form 4 filed earlier today, Fuel Systems Solutions (NASDAQ: FSYS) CEO, Mariano Costmagna, reported that he sold 10,000 shares of FSYS on November 12th for an average price of $35.52. The transaction totaled $355,181. Mr. Costmagna owns 1,709,018 direct shares of FSYS. Source: The Washington...
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Superior Ind.: Earnings Scorecard - Analyst Blog
Monday, November 15, 2010 - 2:06pm | 1135Superior Industries International Inc. (SUP) reported its third quarter earnings for 2010 on November 5, 2010, that was slightly ahead of the Zacks Consensus Estimate by 2 cents per share. The market reacted positively, with share prices rising in the subsequent days. Analysts were optimistic...
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Bookkeeping: Weekly Changes to Fund Positions Year 4, Week 15
Monday, November 15, 2010 - 10:34am | 1959Year 4, Week 15 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 60.8% (v 60.9% last week) 22 long bias: 38.4% (v 38.3% last week) 3 short bias: 0.8% (v 0.7% last week) 25 positions (vs 25 last week)...
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Westport Closes Offering of Common Shares and Announces Underwriters' Exercise of Over-Allotment Option for Approximately US$16 Million
Monday, November 15, 2010 - 10:00am | 78Westport Innovations Inc. (NASDAQ: WPRT) announced today the exercise in full of the underwriters' option to purchase an additional 907,500 common shares at a price of US$17.50 in connection with its previously announced offering of common shares in the United States and Canada. With the exercise...
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SORL Reports Upbeat Q3 Results
Monday, November 15, 2010 - 6:28am | 59SORL Auto Parts Inc (NASDAQ: SORL) reports its Q3 diluted EPS at $0.25, beating the consensus of $0.21. SORL reports its Q3 revenue at $50.8 million, versus the estimates of $45.78 million. SORL shares lost 2.64% to close at $9.58 on Friday. Read more from Benzinga's Company news.
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Auto Stocks With A Flat Tire Today (F, TM, HMC)
Friday, November 12, 2010 - 2:47pm | 147The auto stocks, along with the broader markets are off their highs today, as momentum money was coming into the space, ahead of the General Motors IPO. Ford Motor Company (NYSE: F) is off 41 cents to $16.21, a loss of 2.4%. Toyota Motor Corporation (NYSE: TM) is still up 31 cents to $75.56, but...
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2010 Fund Performance Period 11
Thursday, November 11, 2010 - 5:05pm | 4669If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Manager] [November...
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Exide Technologies Moving On Up (XIDE)
Thursday, November 11, 2010 - 11:24am | 58Exide Technologies (NASDAQ: XIDE) is jumping on strong volume this morning, as its gained almost 3% this morning. At last check, volume was strong this morning, it had traded, almost 170,000 shares this morning. Exide Technologies engages in the manufacture and supply of lead-acid batteries for the...
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TRW Launches Belt Drive Electrically Powered Steering Technology
Thursday, November 11, 2010 - 11:05am | 55TRW Automotive Holdings Corp. (NYSE: TRW) has launched production of its Belt Drive Electrically Powered Steering technology for the European market on Ford Motor Company's (NYSE: F) Focus platform including passenger cars and derivatives such as the Ford C-Max.
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Wonder Auto's Profit Up 84% - Analyst Blog
Wednesday, November 10, 2010 - 1:33pm | 539Wonder Auto Technology Inc. (WATG) reported an 84% increase in profit to $11.94 million in the third quarter of 2010 from $6.51 million in the same quarter a year ago. On an earnings per share basis, profit rose to 35 cents from 24 cents in the third quarter of 2009 and the Zacks Consensus...
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Oppenheimer Reiterates Outperform on Wonder Auto Technology (WATG)
Wednesday, November 10, 2010 - 11:03am | 90Oppenheimer is out with a research report this morning, where it reiterates its Outperform rating on Wonder Auto Technology (NASDAQ: WATG); it has a $14.00 price target on the stock. The Oppenheimer analysts cited WATG's better than expected Q3 sales and worse than expected EPS for revising their...
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Brean Murray, Carret & Co. Lowers Wonder Auto PT To $14
Wednesday, November 10, 2010 - 10:40am | 92This morning, Brean Murray, Carret & Co. said that it is lowering its price target on shares of Wonder Auto Technology, Inc. (NASDAQ: WATG). “Auto sales [in October] were 1,539K,” Brean Murray, Carret & Co. writes. “While October auto sales fell slightly MoM due to the October National...
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Higher Backlog Leads to 4-7% EPS Upgrades for Borg Warner Inc.
Wednesday, November 10, 2010 - 10:01am | 136J.P. Morgan published its research Report on Borg Warner Inc. (NYSE: BWA)today in which they upgrade EPS and the price target due to higher backlog. BWA announced yesterday that their 2011-2013 backlog is $2.3B, an 18% increase from the backlog stated last year for 2010-2012. Also, BWA's new...
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Spartan Motors Awarded Subcontract by BAE Systems
Wednesday, November 10, 2010 - 9:15am | 110Spartan Motors Chassis, Inc., a subsidiary of Spartan Motors, Inc. (Nasdaq: SPAR), has been awarded a subcontract order from defense contractor BAE Systems (BAESY) to support the production of 32 Armored Utility Vehicles under the Mine Resistant Ambush Protected (MRAP) program. Under the terms of...
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Lear Announces the Conversion of Preferred Stock into Common Stock
Wednesday, November 10, 2010 - 9:13am | 55Lear Corporation (NYSE: LEA) announced today the mandatory conversion of all issued and outstanding shares of its Series A Convertible Participating Preferred Stock into newly issued shares of Lear Common Stock in accordance with terms of the Preferred Stock. The mandatory conversion is effective...