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Xerox Profit More than Doubles - Analyst Blog
Thursday, October 21, 2010 - 12:00pm | 521Read More...Xerox Corporation (XRX) reported a profit that more than doubled to $314 million in the third quarter of the year from $150 million in the same quarter a year ago. On earnings per share basis, the company has beaten the Zacks Consensus Estimate by a penny with a profit of 22 cents compared with...
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Stocks Moving Sharply Higher Today
Wednesday, October 20, 2010 - 11:29am | 186Read More...The broader market is moving sharply higher today, one day after sharply selling off yesterday. Boston Scientic (NYSE: BSX) is one name to note, as the stent maker reported better than expected earnings yesterday, and is the top gainer in the S&P 500, gaining 10.4% to $6.59, a gain of 62 cents...
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J.C. Penney Continues To Fall (JCP)
Tuesday, October 19, 2010 - 12:05pm | 117Read More...Shares of J.C. Penney Company, Inc. (NYSE: JCP) continue to fall, down more than 2%, one day after the company enacted a poison pill plan to prevent it from a takeover. Yesterday, the century-old retailer enacted a poison pill plan that says 10% is the limit an investor can own in the company....
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Update On Some Stocks From The Value Investing Congress
Monday, October 18, 2010 - 2:59pm | 203Read More...The Value Investing Congress provided many interesting stock picks from various fund managers, and this provides an update on some of the stocks mentioned and how they've done since the conference. The St. Joe Company (NYSE: JOE) is probably the most notable pick to come from the conference, as...
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J.C. Penney Takes Poison (JCP)
Monday, October 18, 2010 - 9:18am | 136Read More...J.C. Penney Company, Inc. (NYSE: JCP) has adapted a poison-pill plan to fend off activist investor Bill Ackman and Vornado Realty Trust (NYSE: VNO), who are teaming up with a plan to generate more value from the historic retailer. The century-old retailer disclosed that its board approved a plan,...
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China Housing Files Form S-3 Shelf Registration Statement; Registers 1.97M Shares
Monday, October 18, 2010 - 8:16am | 125Read More...China Housing & Land Development, Inc., (NASDAQ: CHLN) today announced that it has filed a Form S-3 shelf registration statement with the Securities and Exchange Commission to register 1,974,866 shares of common stock. This announcement relates to the Company's June 2010 8-k debt restructuring...
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General Growth Stronger Than Peers Today (GGP)
Friday, October 15, 2010 - 10:37am | 114Read More...Shares of General Growth Properties, Inc (NYSE: GGP) are significantly outperforming its REIT brethren today, up over 2%. Shares of competitors Simon Property Group (NYSE: SPG) and Vornado Realty Trust (NYSE: VNO), are up 60 cents and down 85 cents respectively. General Growth is set to emerge...
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ACS Expands Pharmaceutical Services with Acquisition of TMS Health (XRX)
Friday, October 15, 2010 - 10:00am | 109Read More...Affiliated Computer Services, Inc., A Xerox Company (NYSE: XRX), today became one of the largest providers of customer care services to the pharmaceutical, biotech and healthcare industries with the acquisition of TMS Health from private equity firm Palm Beach Capital. Through TMS Health, a Boca...
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St. Joe's Finally Up, But Will It Last? (JOE)
Friday, October 15, 2010 - 8:46am | 121Read More...Shares of The St. Joe Company (NYSE: JOE) are finally higher today, gaining 27 cents to $20.01 in what is shaping up to be a battle of the hedge fund titans. Bruce Berkowitz of Fairholme Capital essentially said that David Einhorn of Greenlight Capital is wrong in saying that JOE is worth $7-$10...
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Zings Of The Day
Friday, October 15, 2010 - 8:05am | 133Read More...AOL (NYSE: AOL) and private equity firms are considering a bid for Yahoo (NASDAQ: YHOO), in order to consolidate costs, and increase synergies. This sounds like a good idea, but I'm pretty sure it's a joke. Or maybe a nightmare. I haven't figured out which one yet. J.C. Penney's (NYSE: JCP) has...
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Cousins Properties Declares Common and Preferred Stock Dividends
Friday, October 15, 2010 - 8:01am | 152Read More...Cousins Properties Incorporated (NYSE: CUZ) announced today that its Board of Directors has declared a quarterly dividend of $0.09 per share, payable December 17, 2010, to common stockholders of record as of November 1, 2010. The dividend will be payable in a combination of cash and shares of the...
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The Daily Long and Short Setup
Friday, October 15, 2010 - 7:09am | 143Read More...Futures are pretty much right where they have been the entire morning. Uncle Bennie is right around the corner, and then you have a slew of economic reports coming out at 8:30. The Fed has built a monster with Wall Street that demands nothing less than QE2 - I don't think he has any desire to...
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Short-Term & Longer-Term Bonds Starting to Decouple 10-14-2010
Thursday, October 14, 2010 - 3:15pm | 836Read More...Cusick's Corner The data out this morning was definitely at levels not expected and short-term and longer-term bonds have started to decouple, leaving investors scratching their heads about how much easing the Fed will do. Watch the Retailers come under some potential pressure. Gold may also have...
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Einhorn Death Spiral In St. Joe? (JOE)
Thursday, October 14, 2010 - 9:53am | 196Read More...Yesterday at the Value Investing Congress being held in New York, hedge fund manager David Einhorn, who runs Greenlight Capital, gave a lengthy presentation on why he was short St. Joe Company (NYSE: JOE). Throughout his talk, shares of St. Joe plummeted, and were down more than 10% within minutes...
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Some Direct Quotes From David Einhorn's Presentation
Thursday, October 14, 2010 - 8:58am | 136Read More...Here are a couple of quotes from yesterday's Value Investing Congress, in which David Einhorn laid out his thesis for being short The St. Joe Company (NYSE: JOE). Einhorn: "This is the local JOE office in Port St Joe. It looks like a trailer home. I had to show you the SBA disaster assistance...
