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Piper Jaffray Downs ODFL To Neutral
Thursday, February 3, 2011 - 6:05am | 52Analysts at Piper Jaffray downgrade Old Dominion Freight Line (NASDAQ: ODFL) from “overweight” to “neutral.” The target price for ODFL has been lowered from $35 to $34. ODFL shares dropped 5.84% to close at $30.78 yesterday. More Analyst Ratings here
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Arkansas Best Narrows Loss To $3.1 Million (ABFS)
Thursday, February 3, 2011 - 5:00am | 213Fort Smith, Arkansas-based Arkansas Best Corporation (Nasdaq: ABFS) released financial results on Thursday morning that missed Wall Street earnings estimates, while beating revenue expectations. Arkansas Best Corporation announced that its 4th quarter net loss narrowed to $3.1 million, or 12 cents...
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Con-Way Disappoints; No Surprise With Today's Winter Storm (CNW)
Wednesday, February 2, 2011 - 4:22pm | 959It should come as no surprise that horrible winter weather across the nation this season accompanies a disappointing earnings result for transportation company Con-Way (NYSE: CNW). Con-Way reported Q4 (December) earnings of $0.02 per share, $0.07 worse than Street consensus estimates of $0.09. Con-...
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AMERCO Reports Q3 EPS of $.80 vs. $.30
Wednesday, February 2, 2011 - 4:12pm | 128AMERCO (Nasdaq: UHAL), parent of U-Haul International, Inc. today reported net earnings available to common shareholders for its third quarter ended December 31, 2010, of $15.5 million, or $0.80 per share, compared with $0.3 million, or $0.02 per share, for the same period last year. Self-moving...
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Puts Purchased on Avis Budget Group (CAR)
Wednesday, February 2, 2011 - 3:07pm | 143Shares of Avis Budget Group (NYSE: CAR) are lower on the session by 1.26%, currently trading at $14.12. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying puts on the name today. A...
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Patriot Transportation Holding Reports Q1 EPS of $.68
Wednesday, February 2, 2011 - 10:02am | 73Patriot Transportation Holding, Inc. (Nasdaq: PATR) reported net income of $6,395,000 or $.68 per diluted share in the first quarter of fiscal 2011, an increase of $5,059,000 or 378.8% compared to net income of $1,336,000 or $.14 per diluted share in the same period last year. The first quarter...
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Jefferies Lowers Price Target on Quality Distribution to $10 (QLTY)
Wednesday, February 2, 2011 - 9:56am | 131Jefferies is out with its report today on Quality Distribution (NASDAQ: QLTY), lowering its price target from $11 to $10. In a note to clients, Jefferies writes, "Sentiment remains overwhelmingly positive on QLTY (we're the only Hold rating), while the shares only trade a little more than $1...
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Jefferies Leaves Landstar System $45 PT, Hold Rating, Unchanged (LSTR)
Wednesday, February 2, 2011 - 9:04am | 80Jefferies left its Landstar System (NASDAQ: LSTR) $45 price target and Hold rating unchanged in a research report published today. In the report, Jefferies states, "Industry trends are moving in LSTR's favor, in our view. Valuation and relatively bullish sentiment leave us awaiting a better entry...
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Piper Jaffray Downgrades Landstar System To Neutral, Lowers PT To $47 (LSTR)
Wednesday, February 2, 2011 - 8:05am | 141Piper Jaffray downgraded its Landstar System (NASDAQ: LSTR) rating to Neutral and lowered Landstar System's price target to $49 from $47 in a research report published today. In the report, Piper Jaffray states, "Yesterday before the market LSTR printed 4Q10 EPS of $0.50 (35.7% y-o-y growth) versus...
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Jefferies Lowers PT On Quality Distribution To $10
Wednesday, February 2, 2011 - 7:38am | 27Jefferies & Company has lowered the price target on Quality Distribution (NASDAQ: QLTY) from $11 to $10 and maintains its Hold rating.
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Piper Jaffray Downgrades Landstar System To Neutral, PT To $47
Wednesday, February 2, 2011 - 7:01am | 28Piper Jaffray has downgraded Landstar System (NASDAQ: LSTR) from Overweight to Neutral and has lowered the price target from $49 to $47.
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Quality Distribution Expects Q4 EPS of $.05 to $.06
Tuesday, February 1, 2011 - 4:52pm | 107Quality Distribution, Inc. (Nasdaq: QLTY) today announced preliminary results for the fourth quarter and year ended December 31, 2010. For the three-month period ended December 31, 2010, Quality expects its total revenue to be approximately $165.0 million, operating income to be within the range of...
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Avis Budget Group Signs Partnership With La Quinta Inns & Suites
Tuesday, February 1, 2011 - 2:04pm | 86Avis Budget Group, Inc. (NASDAQ: CAR) has joined with La Quinta Inns & Suites, one of the fastest-growing select service brands in the hotel industry, to provide more than a million La Quinta Returns® members with special savings on Avis and Budget rentals and the ability to earn points when...
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Landstar System Reports Q4 EPS of $.50 vs. $.47
Tuesday, February 1, 2011 - 7:52am | 52Landstar System, Inc. (Nasdaq: LSTR) reported 2010 fourth quarter net income of $24.1 million, or $0.50 per diluted share, compared to net income of $18.6 million, or $0.37 per diluted share, for the 2009 fourth quarter. Revenue for the 2010 fourth quarter was $587.5 million compared to $547.7...
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5 Ways You can Achieve High Returns with Low Risk
Tuesday, February 1, 2011 - 1:23am | 1045You are led to believe that you need to take risk to achieve high returns. But that couldn't be further from the truth.Here are a few low risk investment ideas worth considering. 1. Focus on an existing businessLook at businesses with long history of operations that you can analyze. This is much...