Trading Companies & Distributors

A very good currency outlook for 2011 courtesy of Phillip Futures: US Dollar: 2010 was what we called a year of 2 halves for the Dollar. In the first half of the year, the Dollar gained from strength to strength as investors sought a safe haven from the Eurozone debt crisis. At the height of the...

Piper Jaffray said that it believes the strong container leasing industry fundamentals experienced over the past 15 months will continue through '11 and into '12. “Global containerized trade continues to remain robust and the shipping lines continue to rely heavily on the container lessors, thereby...

Dahlman Rose & Co. has initiated coverage of Textainer Group Holdings Limited (NYSE: TGH) one of the leading container leasing companies out of California. Dahlman Rose is initiating with a Hold rating. TGH is currently trading at 29.10 down .55%.

Oppenheimer has published a research report on November's Architecture Billings Index after witnessing a strong rebound after September and October low points. In the report, Oppenheimer writes "The November 2010 Architecture Inquiries Index (AII) remained quite elevated at 61.4, following 61.7 in...

MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM) announced that its Board of Directors has declared its regular quarterly cash dividend of $0.22 per share. The dividend is payable on January 25, 2011 to shareholders of record at the close of business on January 11, 2011.

W.W. Grainger Inc. (GWW) has announced that it is divesting all of the assets of library supplies provider Highsmith to Madison, WI-based library supplier DEMCO Inc. for an undisclosed amount. The Highsmith brand was a part of Grainger's U.S. Specialty Brands portfolio. Grainger's Specialty...

W.W. Grainger Inc. (GWW) has announced that it is divesting all of the assets of library supplies provider Highsmith to Madison, WI-based library supplier DEMCO Inc. for an undisclosed amount. The Highsmith brand was a part of Grainger's U.S. Specialty Brands portfolio. Grainger's Specialty...

At 10:14 am, the Dow lost 0.13% to 11,476.85, the broader Standard & Poor's 500 index moved down 0.05% to 1,243.29 and the NASDAQ composite index fell 0.16% to 2,638.82. The industries that are still afloat in the market today are: Nonmetallic Mineral Mining: This industry jumped 1.58% by 10:14...

Grainger (NYSE: GWW) today announced that it has sold substantially all of the assets of library supplies provider Highsmith, previously maintained under Grainger's U.S. Specialty Brands portfolio, to DEMCO, Inc.. Terms of the deal were not disclosed.

Jefferies is out with a research report this morning, where it reiterates its Buy rating on Kaman Corp. (NASDAQ: KAMN); it has a $33.00 price target on the stock. The Jefferies analysts said that, with several solid business wins and the completion of a previously announced acquisition, they have...

Electro Rent Corporation (NASDAQ: ELRC) today reported a 46% increase in revenues and a 77% increase in net income for its second fiscal quarter ended November 30, 2010. Total revenues for the second quarter of fiscal 2011 grew to $53.3 million from $36.6 million for the same period last year....

Kaman Corp. (NASDAQ: KAMN) today announced the appointment of Richard C. Forsberg to Vice President and Deputy General Counsel, reporting to Candace A. Clark, Senior Vice President, Chief Legal Officer and Secretary.

Shares of Aceto Corporation (Nasdaq: ACET) are currently up 8.8% at $8.92 per share during Thursday afternoon trading. Aceto Corporation announced earlier today that it had reached an agreement for its wholly-owned subsidiary to acquire certain assets of Rising Pharmaceuticals, Inc. Chairman and...

Dahlman Rose & Co. is reiterating its Buy rating and $12 price target on shares of Aircastle Limited (NYSE: AYR). In a note sent to investors, Dahlman writes, "We are reiterating our Buy rating on the common shares of Aircastle and our $12 price target. Aircastle is well positioned in the...

Aceto Corporation (Nasdaq: ACET) today announced that it has signed a definitive purchase agreement for its wholly-owned subsidiary to acquire certain assets of Rising Pharmaceuticals, Inc. The transaction value of approximately $ 80 Million includes the receipt of $ 5 Million in working capital.