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Downside Purchased on Brookdale Senior Living (BKD)
Thursday, September 9, 2010 - 10:50am | 171Shares of Brookdale Senior Living Inc. (NYSE: BKD) are higher on the session by 1.39%, currently trading at $14.63. The stock has been moving largely lower over the past five months, off from recent highs near $22.00. The stock has found support around the $13.00 level, though; shares are now at a...
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3 Strong Stocks Today (QXM, SKH, NZ)
Wednesday, September 8, 2010 - 3:22pm | 178There are three stocks really moving today on heavy volume on the NYSE. Qiao Xing Mobile Communication (NYSE: QXM) is gaining 35%, good for a gain of 91 cents to trade at $3.49. This comes as Qiao Xing Universal Resources, Inc. (Nasdaq: XING) announced that it has proposed to acquire all...
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SKH Shares Spike On Lawsuit Settlement News
Wednesday, September 8, 2010 - 10:55am | 152Shares of Skilled Healthcare Group Inc (NYSE: SKH) jumped more than 20% on Wednesday, after the company announced that it had negotiated a lawsuit settlement much below the jury verdict in July. The nursing home operator said it had negotiated the settlement related to staffing levels at $50...
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Morgan Keegan Sees Little Upside In Brookdale Senior Living (BKD)
Thursday, September 2, 2010 - 7:45am | 69Morgan Keegan is revising its cash flow estimates on Brookdale Senior Living Inc. (NYSE: BKD) after the company refinanced its debt last week. It rates shares at Market Perform, and has a $16.25 price target. The bank lowered its 2010 cash flow from operations (CFFO) estimate from $1.95 to $1.93...
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Piper Jaffray Sees 25% Upside In ISIS Pharmaceuticals (ISIS)
Thursday, September 2, 2010 - 7:32am | 133Piper Jaffray is being cautious on ISIS Pharmaceuticals (NASDAQ: ISIS) with a Neutral rating, despite seeing 25% upside in shares. It has a $10 price target. In a note to clients, Piper Jaffray writes, "ISIS and Genzyme reported full mipomersen Phase III data in heterozygous familial...
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Top 4 Small-Cap Stocks In The Long-Term Care Facilities Industry With The Highest EPS Estimates (NHC, ENSG, ALC, KND)
Thursday, September 2, 2010 - 5:33am | 165Below are the top small-cap long-term care facilities stocks on the NYSE, the NASDAQ and the AMEX in terms of earnings estimate for the next quarter. The earnings estimate for National HealthCare Corporation (AMEX: NHC) for the December quarter is $ 0.60 per share. NHC’s shares have fallen 8.35%...
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HCP, SRZ Enter $50 Million Deal
Wednesday, September 1, 2010 - 2:59pm | 148HCP Inc (NYSE: HCP) has reached a deal to end the contracts on 27 of its senior housing communities that were managed by Sunrise Senior Living Inc (NYSE: SRZ). HCP plans to enter into new contracts for these 27 communities and said that these will have improved operating margins. The changes will...
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Mid-Day Market Movers (SLRY, SRZ, AMPH, PTSX)
Wednesday, September 1, 2010 - 10:46am | 177Salary.com (NASDAQ: SLRY) jumped 42.31% to $4.07 at 10:27 am. Kenexa Corp (NASDAQ: KNXA) has agreed to buy SLRY for about $80 million or $4.07 per share, representing a 42% premium to SLRY’s closing price on Tuesday. Sunrise Senior Living Inc (NYSE: SRZ) climbed 32.13% to $2.92. HCP Inc (NYSE: HCP...
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Wells Fargo Securities Reiterates Outperform Rating on Bristol-Myers (BMY)
Wednesday, September 1, 2010 - 8:49am | 142Wells Fargo Securities is out with a research report this morning, where it reiterates its Outperform rating on Bristol-Myers Squibb Co. (NYSE: BMY); the analysts cited positive Apixaban data released at the European Society of Cardiology (ESC). They WFS analysts noted that the data reduces...
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LifePoint Hospitals Completes Acquisition of Sumner Regional Health Systems (LPNT)
Wednesday, September 1, 2010 - 8:32am | 72LifePoint Hospitals, Inc. (NASDAQ: LPNT) today announced that it has completed its previously announced acquisition of Sumner Regional Health Systems for a purchase price of $145 million plus working capital. In addition, LifePoint Hospitals will invest $60 million in capital investments in the...
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Morgan Keegan Says HCP Best Healthcare REIT (HCP)
Wednesday, September 1, 2010 - 7:35am | 137Morgan Keegan is out with a research report saying that HCP, Inc. (NYSE: HCP) is the best positioned health care REIT, after it "announced the termination of its litigation with Sunrise Senior Living (NYSE: SRZ) over Sunrise’s management of properties owned by HCP." Morgan Keegan goes on to say, "...
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Tenet Announces Completion of Cash Tender Offer for 7.375% Senior Notes (THC)
Tuesday, August 31, 2010 - 3:31pm | 187Tenet Healthcare Corporation (NYSE: THC) announced today the completion of its previously announced cash tender offer to purchase a portion of its outstanding 7.375% Senior Notes due 2013. The tender offer expired at 12:00 midnight, New York City time, on August 30, 2010. Tenet received tenders...
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Philips' NextGen Diagnostic System - Analyst Blog
Tuesday, August 31, 2010 - 1:03pm | 651Koninklijke Philips Electronics NV (PHG) has launched its next generation of cardiac ultrasound system, iE33 xMATRIX. The new system will provide a more efficient solution for echocardiograms in adults. The new cardiac ultrasound system is an add-on to various offerings and developments from...
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Mid-Day Market Movers (SKH, SKS, LGF, FSGI)
Tuesday, August 31, 2010 - 11:21am | 171Skilled Healthcare Group Inc (NYSE: SKH) jumped 24.70% to $3.08 at 10:39 am. The Humboldt County Superior Court of California has denied the request of SKH for a new trial in a case that accused the company of violating the safety codes. Saks Incorporated (NYSE: SKS) climbed 23.03% to $8.12. UK's...
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Jefferies Reiterates Buy Rating on Skilled Healthcare Group (SKH)
Tuesday, August 31, 2010 - 9:50am | 175Jefferies & Company is out with a research report this morning, where it reiterates its Buy rating on Skilled Healthcare Group (NYSE: SKH); it has a $3.50 price target on the stock. The Jefferies analysts cited the company’s recent announcement that its Humboldt County court proceedings, which...