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Is This The Mini-Berkshire Sokol Was Talking About? (MBRG, BRK-A)
Thursday, March 31, 2011 - 12:43pm | 249Shares of Middleburg Financial Corp. (NASDAQ: MBRG) are soaring more than 12% today, as the Wall Street Journal is reporting that the company could be the next Berkshire Hathaway (NYSE: BRK-A) that David Sokol was talking about this morning. Sokol said this morning that he would like to start his...
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Technically, I Didn't Do Anything Wrong…(LZ, BRK.A, BRK.B)
Thursday, March 31, 2011 - 9:37am | 210Having resigned his position as a top manager at Berkshire Hathaway (NYSE: BRK.A, NYSE: BRK.B), David Sokol has spent the morning with numerous media outlets protesting his innocence. Yes, he bought 96,0000 Lubrizol (NYSE: LZ) shares less than two weeks before proposing it as a takeover target to...
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David Sokol: I Get Compliance Approval (LZ, BRK-A)
Thursday, March 31, 2011 - 7:09am | 38David Sokol said that he gets compliance approval before any stock purchases, which is why he did not think the purchase of Lubrizol (NYSE: LZ) would be a big deal.
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David Sokol, On CNBC, Explains Lubrizol Debacle (BRK.A, BRK.B, BRK-A, BRK-B, LZ)
Thursday, March 31, 2011 - 7:05am | 325David Sokol, former Berkshire Hathaway (BRK.A, BRK.B, BRK-A, BRK-B) employee, was on CNBC today explaining a controversial trade in Lubrizol (NYSE: LZ) shares. Lubrizol was acquired by Berkshire Hathaway, which gave the shares a significant premium to their pre-buyout price levels. Sokol agreed to...
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David Sokol: First Heard Of Lubrizol Last Fall (LZ, BRK-A)
Thursday, March 31, 2011 - 6:48am | 34David Sokol is on CNBC now and he is saying that he first heard of Lubrizol (NYSE: LZ) last fall, when he read the company's 10-K.
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On Enhancing the Research Process Behind Berkshire's Acquisition of Lubrizol Corp.
Thursday, March 31, 2011 - 5:56am | 873Buffett issued a statement regarding the resignation of the previous heir apparent David Sokol. The resignation and circumstances under which he is departing does not interest us. What is interesting is the additional information illustrating how Berkshire went about purchasing Lubrizol Corp (LZ...
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A. Schulman to Add Production Line at China
Wednesday, March 30, 2011 - 3:10pm | 55A. Schulman, Inc. (Nasdaq: SHLM) announced today that it is adding equipment in its manufacturing facility in China, Texas, to accommodate increasing demand in the Company's Specialty Powders business. The Company will add several production lines to the facility and expects them to be...
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Ferro Opens Solar Test Lab in Taiwan
Wednesday, March 30, 2011 - 1:27pm | 82Ferro Corporation (NYSE: FOE) announced today the opening of a photovoltaic research and development laboratory in Neihu Technology Park, Taipei City, Taiwan. This expansion enables Ferro to provide timely technical support for customers in Taiwan and to deliver innovative solutions for improving...
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Morgan Stanley Raises ALB PT To $67
Wednesday, March 30, 2011 - 8:34am | 22Morgan Stanley has raised the Price Target of Albemarie Corp (NYSE: ALB)from $65.00 to $67.00.
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Morgan Stanley Raises ALB PT To $67
Wednesday, March 30, 2011 - 7:30am | 99Morgan Stanley has issued a report in which the Price Target of Albemarle Corp. (NYSE: ALB) is raised from $65.00 to $67.00. According to the report, "We continue to see good growth for Albemarle, with both bromine (and derivatives) and catalysts set to deliver volume gains and margin expansion in...
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Landec Guides Q4 Revenues At $5.5M After Q4 Loss Of $600k (LNDC)
Tuesday, March 29, 2011 - 3:14pm | 21Landec Guides Q4 Revenues At $5.5M After Q4 Loss Of $600k (NASDAQ: LNDC)
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Landec Reports Q3 EPS of $0.09 vs. $0.07
Tuesday, March 29, 2011 - 3:14pm | 43Landec Corporation (Nasdaq: LNDC), today reported results for the third quarter. Landec revenues increased $15.4 million during the third quarter Net income increased for the third quarter of fiscal year 2011 to $2.3 million, or $0.09 per diluted share
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Altair Nanotechnologies Inc. Announces Common Stock and Warrant Offering
Tuesday, March 29, 2011 - 7:10am | 171Altair Nanotechnologies, Inc. (NASDAQ: ALTI) today announced it has entered into definitive agreements with select institutional investors to raise gross proceeds of approximately $6.4 million, before deducting placement agent's fees and other offering expenses, in a registered direct offering....
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J.P. Morgan Cutting Estimates On H.B. Fuller (FUL)
Tuesday, March 29, 2011 - 6:54am | 140J.P. Morgan Chase & Co. is cutting estimates on H.B. Fuller (NYSE: FUL) and is cutting its price target to $22 from $23. It has a Neutral rating on shares. In a note to clients, J.P. Morgan writes, "Fuller is contending with raw material cost inflation. Fuller was able to lift its average...
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Earnings Scheduled For March 29 (APOL, LNDC, MKC, REX, LEN, OXM, TIBX, ZZ, XNY, VIP, ACMR, DOVR, CTFO, DMC)
Tuesday, March 29, 2011 - 12:28am | 367Apollo Group Inc (NASDAQ: APOL) is expected to report its FQ2 EPS at $0.69 on revenue of $1.03 billion. Landec Corporation (NASDAQ: LNDC) is projected to post its Q3 earnings at $0.07 per share on revenue of $66.75 million. McCormick & Company Incorporated (NYSE: MKC) is expected to report...