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HickoryTech Signs Favorable New $150M Financing Agreement for Senior Notes and Revolving Credit Agreement
Thursday, August 11, 2011 - 2:13pm | 113HickoryTech Corporation (NASDAQ: HTCO) announced today the closing of its new debt financing agreement for an aggregate credit facility of $150 million. The new credit facility offers HickoryTech access to additional financing to deploy capital in pursuit of its strategic growth initiatives. "We...
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Windstream Amends Its Credit Agreement and Security Agreement
Thursday, August 11, 2011 - 10:40am | 120Windstream Corp. (Nasdaq: WIN) announced today that in connection with its acquisition of PAETEC Holding Corp. it has successfully amended its senior secured credit agreement to, among other things, (i) permit the issuance of bridge loans, (ii) permit the issuance and repayment of escrow notes, (...
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UPDATE: Citi Lowers PT on CenturyLink to $42
Thursday, August 11, 2011 - 7:02am | 125Citi is out with its report today on CenturyLink (NYSE: CTL), lowering its PT to $42 from $48. in its report, Citi writes, "We remain a buyer of CenturyLink based on its attractive freecash flow yield (~13% on our forecast for reported 2011 FCF and ~16% on norm. FCF), potential benefits from...
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Citigroup Lowers PT on CenturyLink To $42
Thursday, August 11, 2011 - 5:19am | 25Citigroup has lowered the price target on CenturyLink (NYSE: CTL) from $48 to $42 and maintains its Buy rating.
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Tuesday's Top Performing Small Cap Stocks (PNX, ANAC, FRP, NOG, MAKO)
Wednesday, August 10, 2011 - 11:06am | 489The late-session snapback rally on Tuesday brought stocks back from the depths of Monday's losses, but many observers still say that we're not out of the woods yet. What's stalking investors in the dark woods is a bear market. Small-cap stocks on Monday were down 25 percent from the Russell 2000'...
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Tuesday's Top Performing Small Cap Stocks (PNX, ANAC, FRP, NOG, MAKO)
Wednesday, August 10, 2011 - 11:06am | 489The late-session snapback rally on Tuesday brought stocks back from the depths of Monday's losses, but many observers still say that we're not out of the woods yet. What's stalking investors in the dark woods is a bear market. Small-cap stocks on Monday were down 25 percent from the Russell 2000'...
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Goldman Sachs Suggests Pairing Verizon and AT&T
Wednesday, August 10, 2011 - 10:27am | 200Goldman Sachs is out with a research note this morning, where it suggests that traders buy calls on Verizon (NYSE: VZ) and sell calls of AT&T (NYSE: T) as their analyst sees significantly more upside potential in Verizon than AT&T. Goldman Sachs Telecom analyst Jason Armstrong sees 22%...
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Tuesday's Top Gainers on NASDAQ: FairPoint, MAKO Surgical, Luminex, Syntroleum
Wednesday, August 10, 2011 - 10:16am | 542POINT ROBERTS - August 10, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ for Aug. 08, 2011. FairPoint Communications was the notable winner in yesterday's sessions with the stock gaining 44.32%. FairPoint...
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Bank of America Comments on CenturyLink
Wednesday, August 10, 2011 - 6:45am | 111Bank of America has published a research report on CenturyLink Inc (NYSE: CTL) changing estimates for the communications company. In the report, Bank of America wrote, "In the trading session immediately following the release of CenturyLink's 2Q earnings shares fell 6% while the S&P 500 rose 0...
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Mad Money Lightning Round: Cramer Likes Mercer International
Wednesday, August 10, 2011 - 3:00am | 243On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Mercer International (NASDAQ: MERC) is a “winning stock." For Carbo Ceramics (NYSE: CRR), he said, "I prefer Core Labs (NYSE: CLB) because it's more consistent." Cramer said that he is “sticking with Cliffs Natural Resources (...
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Not Exactly Optimum From Cablevision
Tuesday, August 9, 2011 - 11:50am | 575Not exactly an "optimum" quarter for Cablevision Systems (NYSE: CVC), was it? The Bethpage, N.Y.-based company reported earnings of 31 cents per share on $1.69 billion in revenues. Wall Street expectations had been for 42 cents per share on $1.87 billion in revenues. Cablevision President and...
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Can Web IPO Market Survive Stock Dive?
Tuesday, August 9, 2011 - 11:03am | 591By Carol Kopp These days, it seems that a bubble can burst before it even forms, in defiance of the laws of physics. So much for the great Web IPO bubble of 2011. At least, that is how many Web business watchers are talking after the markets tanked Monday. Technology stocks were hit harder than...
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GCI, Inc. Announces an Extension of Expiration Date for Exchange Offer
Monday, August 8, 2011 - 3:35pm | 234General Communication, Inc. (NASDAQ: GNCMA) today announced that its wholly owned subsidiary, GCI, Inc., is extending the expiration date of the offer to exchange an aggregate principal amount of up to $325,000,000 of GCI's new 6 3/4% Senior Notes Due 2021, which have been registered under the...
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Zings Of The Day, August 8, 2011
Monday, August 8, 2011 - 2:59pm | 171The U.S. Treasury pointed out a $2 trillion mistake that S&P made in assessing the U.S. credit, and ultimately downgrading it to AA+. Glad to see none of these guys passed basic arithmetic and they are rating government debt. 45,000 workers at Verizon Communications (NYSE: VZ) went on strike...
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Verizon Workers Strike, 45,000 Employees Walk Off The Job
Monday, August 8, 2011 - 1:33pm | 133Over the weekend, 45,000 Verizon Communication (NYSE: VZ) workers walked off the job after the union and the company were unable to come to a deal on a new contract. At hand, there were issues over health care costs and pensions. The dispute does not affect the wireless division, only the landline...