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GBE Sees Better Operating Environment
Tuesday, March 2, 2010 - 9:43am | 72Analysts at JMP Securities upgrade Grubb & Ellis (NYSE: GBE) from "market perform" to "outperform." The target price for GBE is set to $2.50. GBE was upgraded following the improvement in its operating environment. According to JMP Securities, GBE’s balance sheet and valuation also witnessed...
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Initiating CSC at Neutral - Analyst Blog
Monday, March 1, 2010 - 6:31pm | 488We are initiating coverage of Computer Science Corporation (CSC) with a Neutral rating and a price target of $54.50. We believe that the company is fairly valued and is constantly growing through acquisitions which enhance its services portfolio and expand its operations in new markets. The company...
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Have The Commercial Real Estate Stocks Bounced Too Far In February?
Monday, March 1, 2010 - 3:41pm | 367In late December 2009, one of the clues that the major stock indexes were going to decline in the month of January 2010 was the commercial real estate stocks. Leading commercial real estate stocks such as Vornado Realty Trust (NYSE: VNO), and Simon Property Group (NYSE: SPG) headed the rally in...
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Edison Pushes Past Estimate - Analyst Blog
Monday, March 1, 2010 - 10:45am | 529Edison International’s (EIX) adjusted EPS of 59 cents in the fourth quarter of fiscal 2009 pushed past the Zacks Consensus EPS estimate of 40 cents by 19 cents. However, adjusted EPS for the quarter fell short of the year-ago EPS of 66 cents. The company clocked EPS of $3.25 in fiscal 2009 compared...
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Another General Growth Suitor Emerges (SPG) (BAM)
Thursday, February 25, 2010 - 12:31am | 113Another possible suitor has emerged in the bidding for General Growth Properties Inc., which filed for bankruptcy in April last year. Citing an unnamed source, the Wall Street Journal reports that Australia based Westfield Group, which owns malls throughout the U.S., the U.K., Australia and New...
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States Vie To Be Northrop’s New Home (NOC, CBG)
Tuesday, February 23, 2010 - 10:26pm | 159Northrop Grumman (NYSE: NOC) is planning to shift its headquarters from Los Angeles to the Washington D.C. area. Local governments are in a frenzy to land the company. Northrop Grumman (NOC) has consulted CB Richard Ellis (NYSE: CBG) and has focused on several locations in Maryland, Virginia and...
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Brookfield (BAM) To Counter Simon’s (SPG) Bid For General Growth
Tuesday, February 23, 2010 - 1:47pm | 109Canadian property giant Brookfield Asset Management, Inc. (NYSE: BAM) is reportedly, preparing to bid for a substantial stake in U.S. mall owner General Growth Properties, Inc. (OTC: GGWPQ). This move is to counter an unsolicited bid made last week by competitor Simon Property Group, Inc. (NYSE:...
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Bid Wars! Brookfield Wants General Growth Too! (BAM, SPG, GGWPQ.PK)
Tuesday, February 23, 2010 - 8:49am | 138Brookfield Asset Management (NYSE: BAM) is starting a bid war on bankrupt REIT General Growth Properties (OTC: GGWPQ.PK). Shares of General Growth have been performing strong since it received a buyout offer from Simon's Property Group (NYSE: SPG) less than two weeks ago. BAM plans on buying up a...
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A Portfolio That Delivers Growth & Dividends
Sunday, February 21, 2010 - 11:25am | 587A portfolio is constructed from many different stocks, and I have a continued theme that may attract your interest. Dividends are a large part to investing, even though they may seem to be insignificant in the short run. When dividends are reinvested, they create large gains over time with the...
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Simon (SPG) Faces Stiff Competition Over General Growth Bidding
Wednesday, February 17, 2010 - 7:36pm | 125Simon Property Group, Inc. (NYSE: SPG) offered more than $10 billion to buy General Growth Properties, Inc. (OTC: GGWPQ) out of bankruptcy. Simon’s proposal offers equity investor about $9 a share but Pershing Square Capital Management LP, General Growth’s largest shareholder, said that the stock...
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Stocks With Excellent Charts
Wednesday, February 17, 2010 - 3:45pm | 1534As we await the breakout over S&P 1100 (if not today, then surely in premarket tomorrow or Friday, when all the important work is done) some chart review. A lot of stocks have made a quite substantial turn for the better with yesterday's low volume surge. I am seeing countless charts that look...
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Benzinga's Market Movers
Wednesday, February 17, 2010 - 3:36pm | 218Market movers are a good indicator of what the overall market is reacting to during the day. It is a good way to see what is hot and what is not. By looking at these stocks you can get a feel for what the big news is each day. What is hot? - Whole Foods Market (NASDAQ: WFMI) 11.93% gain on upgrade...
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CAZ Investments Recommends A Short Position In VNQ
Thursday, February 11, 2010 - 7:26pm | 231Christopher Zook of CAZ Investment suggested on CNBC's Fast Money that investors should short commercial real estate stocks. He has a short position on Vanguard REIT ETF (NYSE: VNQ). Simon Property Group, Inc (NYSE: SPG), Vornado Realty Trust (NYSE: VNO) and Public Storage (NYSE: PSA) are among...
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Earnings Preview: CB Richard Ellis Group (CBG)
Wednesday, February 3, 2010 - 3:24am | 78CB Richard Ellis Group, Inc. (NYSE: CBG) will report fourth quarter (2009) earnings after the market closes on Wednesday. The consensus EPS estimate is a profit of $0.18, which is noticeably less than the $0.37 per share earned in the same quarter a year earlier. CB Richard Ellis Group, Inc. has...
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Chinese Existing Home Sales Plunge
Tuesday, February 2, 2010 - 9:00am | 1216The data out of China can leave one bewildering. After having one of the, if not the hottest property market on Earth in 2009, it appears real estate has turned on a dime. Which would explain the rotten performance of Chinese real estate firm E-House Holdings (EJ) the past few months. (amazing...