New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 28, 2014
11:29 EDTBWP, LLoews says believes Boardwalk shares undervalued
Loews (L) CEO Tisch says ready to help Boardwalk (BWP) on capital projects.
News For L;BWP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
May 4, 2015
11:35 EDTLLoews says 'happy to buy' businesses in U.S. with foreign operations
Says conditions bad enough for rig prices to go down, says conditions have not been bad enough for long enough. Says markets "priced for perfection" stocks almost at new highs. Says "happy to buy" businesses in the U.S. with foreign operations. Says foreign markets "don't scare us," but not "fully familiar" with taxation, rules. Says "hunting ground" primarily in the U.S.
11:21 EDTBWP, LLoews says looking for right deal at good price
Loews (L) says looking for right deal at good price. Says repurchases an important way Loews creates value for shareholders. Says cash can be a drag on short-term returns, but having flexibility to be opportunistic "has served shareholders well over long-term." Says offshore drilling a cyclical business, Diamond (DO) managed accordingly. Says "no doubt" that Diamond will withstand cyclical downturn. Says "not aware" of any distressed assets for sale at prices company would be willing to pay, but says Diamond "will be ready." Says "pleased" with CNA's (CNA) steady progress. Says CNA will be focused on improving underwriting performance. Expects Boardwalk (BWP) will draw down $300M subordinated debt facility from Loews later this year. Says "trouble is opportunity" re: drilling market. Comments made on the Q1 earnings conference call. Loews is fractionally higher in late-morning trading at $41.75.
06:13 EDTLLoews reports Q1 EPS 29c, may not compare to consensus 75c
Reports Q1 revenue $3.48B vs. $3.69B last year. Reports Q1 book value per share ex-AOCI $51.18.
06:10 EDTBWPBoardwalk Pipeline reports Q1 EPS 31c, consensus 37c
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use