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New Positions Added
Saturday, March 26, 2011 - 12:51pm | 1189The market seems to have shifted to at least short-term bullish, so I decided to put a little cash to work on some names I believe will perform nicely for the longer term picture. On Thursday afternoon, we picked up 100 shares of Cavium Networks Inc (CAVM) at $40.91. They are a hardware...
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New Positions Added
Saturday, March 26, 2011 - 12:51pm | 1189The market seems to have shifted to at least short-term bullish, so I decided to put a little cash to work on some names I believe will perform nicely for the longer term picture. On Thursday afternoon, we picked up 100 shares of Cavium Networks Inc (CAVM) at $40.91. They are a hardware...
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Gabelli Reports On NPO Asbestos Claims
Friday, March 25, 2011 - 10:04am | 87Gabelli has published a report on EnPro Industries' (NYSE: NPO) plans for handling asbestos claims. According to the report, “In June 2010, NPO established a trust to permanently resolve all current and future asbestos claims against Garlock Sealing Technologies under section 524g of the...
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Gabelli Reports CIR Resolved Asbestos Case
Friday, March 25, 2011 - 9:56am | 74Gabelli has reported that Circor International's (NYSE: CIR) asbestos case has come to a resolution. According to Gabelli, “ In February, the U.S. District Court approved CIR's 524g trust to permanently resolve the company's asbestos liabilities. The company will make a one-time $75 mm payment to...
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International Rectifier Shows Strong Business Trends, FBR Capital Maintains Outperform Rating
Friday, March 25, 2011 - 8:54am | 191FBR Capital Markets has published a research report on International Rectifier Corporation (NYSE: IRF) after the company's 1Q results show strong business trends that should continue through at least the next quarter, if not more. In the report, FBR writes "Recent channel checks suggest that...
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Piper Jaffray Raises PT On Chart Industries To $70
Friday, March 25, 2011 - 8:25am | 27Piper Jaffray has raised the price target on Chart Industries (NASDAQ: GTLS) from $56 to $70 and maintains its Overweight rating.
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BB&T Opens HSC With Hold
Friday, March 25, 2011 - 5:59am | 43Analysts at BB&T Capital initiate coverage of Harsco Corporation (NYSE: HSC) with a “hold” rating. HSC shares rose 4.62% to close at $34.86 yesterday. More Analyst Ratings here
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3D Systems Announces Infringement Ruling Against Envisiontec
Thursday, March 24, 2011 - 4:51pm | 993D Systems Corporation (Nasdaq: TDSC) announced today that the United States District Court for the Eastern District of Michigan, Southern Division, has entered a judgment of patent infringement in its favor against Envisiontec, Inc., Envisiontec GmbH and SIBCO, Inc. in a case brought by the...
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Puts Purchased on China Fire & Security Group, Inc. (CFSG)
Thursday, March 24, 2011 - 2:02pm | 148Shares of China Fire & Security Group, Inc. (NASDAQ: CFSG) are lower on the session by 0.84%, currently trading at $5.87. The stock has been moving largely lower over the past six months and is currently trading below the 50-day and 200-day moving averages. Options traders are buying puts on...
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China Fire & Security Group Accounting Officer Resigns
Thursday, March 24, 2011 - 11:14am | 52On March 20, 2011, Mr. Xiaoyuan Yuan resigned as Principal Accounting Officer of China Fire & Security Group, Inc. (NASDAQ: CFSG) effective immediately. Mr. Yuan resigned for personal reasons and there were no disagreements between him and the Company on any matter that resulted in his...
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Benzinga's Volume Movers (IIVI, TRS, MU, TEVA)
Thursday, March 24, 2011 - 10:12am | 160II-VI Incorporated (NASDAQ: IIVI) shares moved up 1.08% to $47.85 at 10:10 am. The volume of IIVI shares traded was 168% higher than normal. IIVI's trailing-twelve-month operating margin is 18.87%. TriMas Corporation (NASDAQ: TRS) shares rose 3.09% to $20.00. The volume of TRS shares traded was...
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Gabelli Comments On Watts Water Technologies acquisitions
Thursday, March 24, 2011 - 9:45am | 102According to Gabelli, Watts Water Technologies (NYSE: WTS) completed over 30 acquisitions that contributed significantly to growth since the company became public in 1986. Gabelli reported that an acquisition should have preferred brands that can add to WTS' stable list of name brands or provide...
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Harsco Receives Additional Multi-Year Scaffolding Contract From Tata Steel Worth Close to $10M
Thursday, March 24, 2011 - 9:44am | 79Harsco Corporation (NYSE: HSC) announced today a further award from Tata Steel to provide industrial scaffolding support of plant maintenance activities at one of its major operations. The contract, valued at close to $10 million over its 3-year term, provides for 24/7 scaffolding support of the...
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Gabelli Comments On Robbins & Myers Aftermarket Sales
Thursday, March 24, 2011 - 9:39am | 89According to Gabelli, Robbins & Myers (NYSE: RBN) goals include to increase its aftermarket sales in order to create more stable revenues. Gabelli reported that the T-3 acquisition increases RBN's aftermarket exposure from 29% to 32% of sales. “The acquisition is expected to be $0.10 per share...
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Gabelli Comments On Colfax Shift In Production
Thursday, March 24, 2011 - 9:22am | 66According to Gabelli, Colfax (NYSE: CFX) shift in production from light to heavier crude plays well to CFX's highly engineered positive displacement pumps and pipeline service. Gabelli reported that CFX believes the long-term outlook in the Commercial Marine market is strong, driven by the need...