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Central Garden & Pet Company Amends and Extends Its Revolving Credit Facility
Thursday, June 9, 2011 - 8:03am | 171Central Garden & Pet Company (NASDAQ: CENT) (NASDAQ: CENTA) today announced the amendment of its $275 million five-year senior secured revolving credit facility effective June 8, 2011. Under the modified terms, the Credit Facility has a borrowing capacity of $375 million, an increase of $100...
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Bank Of America Reiterates Buy On CIM
Thursday, June 9, 2011 - 7:23am | 149Bank of America is reiterating its Buy rating and maintaining its $4.25 price target on Chimera Investment Corp. (NYSE: CIM) in spite of recent fears. In the report, Bank of America writes, “Weak economic data, specifically in housing assets, and some bearish market commentary from non-traditional...
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Stocks to Watch: Fresh 52-Week Highs and Lows
Thursday, June 9, 2011 - 3:33am | 823The following stocks hit new 52-week highs in Wednesday's trading session: 1) 8x8 (NASDAQ: EGHT): Shares of 8x8 hit a 52-week high of $3.97 in Wednesday's session. The stock was heavily sold into, however, finishing 7.7% lower on the day at $3.48. The year-to-date performance of 8x8 is a gain of...
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Wunderlich Securities Reiterated Buy and PT of $19 on Annaly Capital Management
Wednesday, June 8, 2011 - 6:29am | 99Wunderlich Securities reiterated its Buy rating on Annaly Capital Management (NYSE: NLY). At the same time, Wunderlich left its price target on the company's stock unchanged at $19. In a research report published today, Wunderlich states, "The company's $100 billion portfolio is small in the...
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Wunderlich Securities Reiterates Hold and PT of $3.75 on Chimera Investment Corporation
Wednesday, June 8, 2011 - 5:39am | 105Wunderlich Securities reiterated its Hold rating on Chimera Investment Corporation (NYSE: CIM). At the same time, Wunderlich left its price target on the company's stock unchanged at $3.75. In a research report published today, Wunderlich states, "We maintain our Hold rating on the shares of...
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BRT Realty Trust Enters Into Strategic Relationship
Tuesday, June 7, 2011 - 3:07pm | 81BRT REALTY TRUST (NYSE: BRT) announced today that it had entered into a joint venture with an affiliate of Torchlight Investors, LLC. The joint venture, known as BRTL LLC, has the right to acquire short-term commercial real estate mortgage loans (bridge loans) originated by BRT Realty Trust. The...
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Benzinga's Top Pre-Market NASDAQ Losers
Tuesday, June 7, 2011 - 7:26am | 115Citrix Systems Inc (NASDAQ: CTXS) dipped 2.62% to $80 in the pre-market session. Analysts at JP Morgan downgraded Citrix Systems from “neutral” to “underweight.” CA Inc (NASDAQ: CA) dropped 1.91% to $22.04 in the pre-market trading. CA's trailing-twelve-month ROA is 6.50%. Research In Motion...
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The New Lexicon: "Financial Repression", Good For The Government Bad For Your Wallet..No Surprise There!
Wednesday, June 1, 2011 - 6:04pm | 2780As a person living in today’s world we have to keep expanding our lexicon of terms since there appears to be a new one created every single day. Some of the terms are manufactured out of “Political Correctness” while others are a result of obfuscating what is really going on like Quantatative...
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New York Mortgage Trust Increases Quarterly Dividend from $0.18 to $0.22
Tuesday, May 31, 2011 - 3:18pm | 56New York Mortgage Trust, Inc. (Nasdaq: NYMT) announced today that its Board of Directors declared on May 31, 2011 a cash dividend of $0.22 per share on shares of its common stock for the quarter ending June 30, 2011. The dividend is payable on June 27, 2011 to common stockholders of record as of...
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Preparedness Capability Checklist – Minimum & Extended Levels
Tuesday, May 31, 2011 - 12:09pm | 5156TruthisTreason.net – Kevin Hayden Source: Internet at Large (Know the source? Email me, please!) Preparedness Capability Checklist The Preparedness Capability Checklist (PCC) is a list of functions, or capabilities, that you need to provide for in each of the survival categories. Unlike other...
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Top 4 Small-Cap Stocks In The Mortgage Investment Industry With The Highest Dividend Yield
Tuesday, May 31, 2011 - 12:02am | 129Below are the top small-cap mortgage investment stocks on the NYSE and the NASDAQ in terms of dividend yield. Invesco Mortgage Capital Inc (NYSE: IVR) has a dividend yield of 17.60%. IVR's shares closed at $22.78 on Friday. Capstead Mortgage Corporation (NYSE: CMO) has a dividend yield of 12.40...
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Gramercy Capital (GKK): A Graham Stock Wrapped in a Mystery
Friday, May 27, 2011 - 11:15pm | 4311The investment analysis below is our twelfth in our series of guest posts, and is brought to you by friend of the blog PlanMaestro of the fantastic Variant Perceptions. We will keep the intro quick but safe to say we are honored to bring our readers Plan's latest write-up on Gramercy Capital (GKK...
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Mad Money Lightning Round: Cramer Likes Annaly Capital, OpenTable
Wednesday, May 25, 2011 - 11:39pm | 223On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Google (NASDAQ: GOOG) is “taking a very long-term view and doing a lot of spending. People don't like that, which is why I'm no longer recommending Google." Cramer said that he is “not going to recommend Shanda Games (NASDAQ:...
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Is Anyone Watching Any Other Chart?
Wednesday, May 25, 2011 - 10:15am | 206At this time, almost every trader in the world is watching the U.S. Dollar Index(DX) chart. This morning, the U.S. Dollar Index has pulled back after the opening bell rang at the New York Stock Exchange. This decline in the U.S. Dollar has caused the major stock indexes to inflate and trade higher...
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Benzinga's Top Downgrades
Tuesday, May 24, 2011 - 7:11am | 139Analysts at BMO Capital Markets downgraded Longtop Financial Technologies Limited (NYSE: LFT) from “outperform” to “market perform.” LFT's shares closed at $18.93 yesterday. LFT's trailing-twelve-month profit margin -8.66%. Credit Suisse downgraded East West Bancorp Inc (NASDAQ: EWBC) from “...