-
Oppenheimer Initiates EnPro At Outperform, $57 PT
Friday, June 17, 2011 - 7:08am | 24Oppenheimer has initiated coverage on EnPro Industries (NYSE: NPO) with an Outperform rating and $57 price target.
-
Lydall Announces New $35 Million Revolving Line of Credit
Friday, June 17, 2011 - 7:01am | 147LYDALL, INC. (NYSE: LDL) announced today that it has entered into an agreement with Bank of America, N.A. for a five-year, $35 million revolving credit facility. This credit facility replaces the Company's prior $35 million asset-based lending facility with another lender that was scheduled to...
-
10 Small Cap Value Stocks and 1 to Consider Now
Thursday, June 16, 2011 - 10:53pm | 2783Now you can follow me on Stocktwits and Twitter! Below are 10 small cap stocks with a positive earnings trend and priced reasonably based on price to earnings growth. I use stockscreen123 as the tool for this particular screen. Last month I featured Kadant (KAI) and it remains on this month's...
-
Options Brief: China Fire & Security Group, Inc.
Thursday, June 16, 2011 - 1:15pm | 105Shares of China Fire & Security Group, Inc. (NASDAQ: CFSG) are lower on the session by 0.31%, trading at $8.11. Overall put volume is now running at 2.04x the daily average, with 82% of all puts traded being purchases on the offer. 1,220 contracts have traded on the session so far. China...
-
Market Roundup
Thursday, June 16, 2011 - 10:24am | 427Shares of Boeing Co (NYSE: BA) rose about 0.3% after the company lifted its projections for the global commercial aircraft market over the next 20 years. Boeing now projects demand for 33,500 aircraft worth an aggregate $4 trillion, up from its earlier long-term market forecast for 30,900 new...
-
Is Social Networking Just a Fad?
Thursday, June 16, 2011 - 10:18am | 1042Facebook just lost six million American users, marking the end of an era for the world's largest online community. Well, not really. But it does beg the question: what does the future hold for social networking? And how can six million people just vanish from Facebook? Statistical Anomalies...
-
Gabelli Maintains Hold on Clarcor
Thursday, June 16, 2011 - 8:57am | 103Gabelli is out with its report today on Clarcor (NYSE: CLC), maintaining Hold. In a note to clients, Gabelli writes, "CLC shares rose $1.87 (4.52%) to $43.25, as strong sales and margin improvement helped generate a better than expected quarter. Shares currently trade at a 20% discount to our FY12...
-
UPDATE: Actuant Reports Upbeat Q3 Profit, Raises Full-Year Forecast
Thursday, June 16, 2011 - 8:53am | 154Actuant Corp (NYSE: ATU) reported upbeat fiscal third-quarter profit and raised its full-year projections. Actuant reported a quarterly profit at $36.4 million, or $0.49 per share, up from $21.8 million, or $0.30 per share, in the year-earlier period. Its earnings from continuing operations...
-
Italian Court Approves Sale of CVS Assets to Manitex International, Inc.
Thursday, June 16, 2011 - 8:32am | 227Manitex International, Inc. (Nasdaq: MNTX) today announced that its Italian subsidiary, CVS Ferrari srl, had received Italian Court approval to acquire certain assets of CVS SpA under the Italian bankruptcy law. The acquisition cost of acquired assets and the assumption of certain miscellaneous...
-
Italian Court Approves Sale of CVS Assets to Manitex International
Thursday, June 16, 2011 - 8:30am | 96Manitex International, Inc. (Nasdaq: MNTX) today announced that its Italian subsidiary, CVS Ferrari srl, had received Italian Court approval to acquire certain assets of CVS SpA under the Italian bankruptcy law. The acquisition cost of acquired assets and the assumption of certain miscellaneous...
-
GE Capital is Agent for $700 Million Cash Flow Credit Facility to Blount International, Inc.
Thursday, June 16, 2011 - 8:01am | 186GE Capital, Corporate Finance today announced it is administrative agent for a $700 million cash flow credit facility to Blount International, Inc. The loan refinances existing debt and will support growth. GE Capital Markets served as joint lead arranger. Headquartered in Portland, OR, Blount...
-
Piper Jaffray Reiterates Overweight on Pentair
Thursday, June 16, 2011 - 7:27am | 139Piper Jaffray is out with its report today on Pentair (NYSE: PNR), reiterating Overweight. In a note to clients, Piper Jaffray writes, "We are incrementally more optimistic about the growth and synergy that the recently acquired Norit CPT business will bring to Pentair over the next 12-18 months...
-
Earnings Scheduled For June 16
Thursday, June 16, 2011 - 1:03am | 261Research In Motion Limited (NASDAQ: RIMM) is expected to post its Q1 EPS at $1.32 on revenue of $5.15 billion. Winnebago Industries Inc (NYSE: WGO) is projected to report its Q3 EPS at $0.13 on revenue of $151.43 million. Smithfield Foods Inc (NYSE: SFD) is expected to report its Q4 earnings at $...
-
Market Roundup
Wednesday, June 15, 2011 - 10:36am | 377Shares of Korn/Ferry International (NYSE: KFY) surged about 7% after the company reported upbeat earnings for the fourth quarter. Korn/Ferry reported its quarterly earnings at $0.43 per share, up from $0.19 per share, in the year-ago period. Excluding certain tax adjustments, the company's earnings...
-
Met-Pro Corporation's Business Unit Receives International Equipment Order Totaling $1.0 Million
Wednesday, June 15, 2011 - 9:05am | 64Met-Pro Corporation (NYSE: MPR), announced today that the Company's Strobic Air business unit has received an order valued at approximately $1.0 million, for research laboratory fume hood exhaust systems to be installed at a premier university outside of the United States. This order is expected...