Trading Companies & Distributors

GATX Corporation (NYSE: GMT) today reported 2010 third quarter net income of $21.1 million or $.45 per diluted share, compared to 2009 third quarter net income of $19.6 million or $.42 per diluted share. Third quarter 2010 results include negative fair-value adjustments on interest rate swaps at...

MSC INDUSTRIAL DIRECT CO., INC. (NYSE: MSM) today announced its management succession plan for the position of Chief Executive Officer. Under the succession plan, David Sandler, President and Chief Executive Officer, will continue in his current role through December 31, 2012, or no later than...

The third quarter for Watsco Inc. (WSO) was a record-breaking quarter on all three fronts - revenues, earnings and cash flows. Net income surged 49% year-over-year to achieve a record of $31 million in the quarter. EPS was 97 cents, up an impressive 47% from 66 cents in the year-ago quarter and...

After yesterday's dollar-induced head fake, equities are ripping higher today with the SPDR Trust (NYSE: SPY) higher on the session by 1.29%, trading at $118.24. Tech stocks are marginal outperformers with the Powershares QQQ Trust (NASDAQ: QQQQ) up by 1.32%, trading at $51.49. Some notable movers...

Shares of BlueLinx Holdings Inc. (NYSE: BXC) are dropping sharply on strong volume today, on news that private equity firm Cerberus is walking away from its bid of $4 per share for the company. The company released a press release about it yesterday. BlueLinx Holdings Inc. distributes building...

Aircastle Limited (NYSE: AYR) announced today that one of its affiliates has agreed to acquire two Boeing 747-400 production freighter aircraft. The aircraft are currently being operated by Japan Airlines and are expected to deliver to Aircastle during the fourth quarter of 2010. Aircastle has...

Jefferies has initiated coverage on Kaman Corp (NASDAQ: KAMN) with a Buy rating and a $31 PT. The positive view is based on what Jefferies believes is an attractive entry point in anticipation of several key aerospace programs ramping up as well as growth in industrial distribution as end markets...

Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. Ventas Inc. (NYSE: VTR) 4,314 puts, 35 calls 2. Louisiana Pacific Corp. (NYSE: LPX) 5,247 puts, 81 calls 3. Foot Locker (NYSE: FL) 5,114 puts, 97 calls 4. Fastenal Co. (NASDAQ: FAST)...

FLY Leasing Limited (NYSE: FLY) today announced that it has declared a quarterly cash dividend of $0.20 per common share for the third quarter of 2010. The dividend will be paid on November 19, 2010 to shareholders of record on October 29, 2010.

Grainger (NYSE: GWW) announced it has acquired substantially all of the assets of SafetyCertified, Inc. Terms of the deal were not disclosed. "As North America's largest distributor of safety products, we are committed to helping businesses and institutions manage and operate safe and healthy...

Grainger (NYSE: GWW) today reported results for the third quarter and nine months ended September 30, 2010. Third quarter sales of $1.9 billion increased 19 percent versus the 2009 third quarter. Net earnings for the quarter increased 4 percent to $150 million versus $145 million in 2009....

Billionaire Warren Buffett is the second richest American. As most investors know, he is the head of Berkshire Hathaway (BRK-A), the highest priced stock and one of the most successful companies during the last half-century. The company also has Class B shares (BRK-B), currently trading around 83....

In a recent report from Morgan Keegan, Fastenal (NASDAQ: FAST) reported in-line Q3 earnings of $0.51; consensus was $0.50. Morgan Keegan believes anomalies within bad debt expense and higher utilities costs produced the “miss” versus its view. Gross margins were disappointing at 51.78% versus...

In a recent report from Morgan Keegan, Fastenal (NASDAQ: FAST) reported in-line Q3 earnings of $0.51; consensus was $0.50. Morgan Keegan believes anomalies within bad debt expense and higher utilities costs produced the “miss” versus its view. Gross margins were disappointing at 51.78% versus...