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Stock Market & Financial Investment News

News Breaks
November 5, 2012
16:55 EDTSKHSkilled Healthcare sees 2012 capital expenditures of approximately $17M-$20M
Sees 2012 average interest rate on outstanding debt of approximately 7.5%. An effective tax rate of 38%.
News For SKH From The Last 14 Days
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August 19, 2014
12:42 EDTSKHOn The Fly: Midday Wrap
The market opened higher as it extended its gains from yesterday. Better than expected economic data on housing and consumer prices, as well as easing geopolitical tensions, has helped aid investor optimism. The market drifted higher throughout the morning with the Dow leading the way, followed by the Nasdaq, which is now near fourteen-year highs. The S&P is mostly higher, with the telecom services group being the lone sector showing losses, down just fractionally. ECONOMIC EVENTS: Housing starts for July rose to an annualized pace of 1.093M units, up from 0.945M units in June, and beating expectations for 0.963M units... The Consumer Price Index increased 0.1% overall, matching expectations. Less food and energy, the CPI was up 0.1%, which was also in-line with the consensus forecast. COMPANY NEWS: Shares of home improvement retailer The Home Depot (HD) are up more than 6% after the company posted better than expected second quarter results and raised its full year profit outlook... Shares of Sprint (S) are down 4% after Jefferies lowered its price target for Sprint shares to $4, saying it continues to see downside to estimates. MAJOR MOVERS: Shares of Skilled Healthcare (SKH) are up more than 20% after combining with Genesis HealthCare In 100% stock deal... Shares of cosmetics and fragrance company Elizabeth Arden (RDEN) are down 24% after the company's fourth quarter results came in well below analysts' consensus estimates. INDEXES: Near midday, the Dow was up 76.92, or 0.46%, to 16,915.66, the Nasdaq was up 12.96, or 0.29%, to 4,521.27, and the S&P 500 was up 8.49, or 0.43%, to 1,980.23.
09:07 EDTSKHOn The Fly: Pre-market Movers
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06:11 EDTSKHSkilled Healthcare to host conference call
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August 18, 2014
18:21 EDTSKHOn The Fly: After Hours Movers
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17:53 EDTSKHSkilled Healthcare jumps 45% to $8.90 after Genesis HealthCare tie-up
16:35 EDTSKHHealth Care REIT comments on Genesis Healthcare's merger with Skilled Healthcare
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16:34 EDTSKHSabra comments on Genesis HealthCare's combination with Skilled Healthcare
Sabra Health Care's (SBRA) tenant, Genesis HealthCare announced that it has signed a definitive agreement to combine with Skilled Healthcare Group (SKH). According to Genesis's announcement, Skilled shareholders will collectively own 25.75% of the vote and value of the fully-diluted equity of the combined company and Genesis shareholders will own the other 74.25%. After completion of the transaction, the new company will operate under the Genesis HealthCare name and will be traded on the NYSE. The closing of the transaction is subject to regulatory approvals, expiration of the waiting period under the Hart-Scott-Rodino, or HSR, Antitrust Improvements Act of 1976, as well as other conditions. According to Genesis's announcement, the closing of the combination is expected to occur in early 2015. Commenting on the proposed transaction, Rick Matros, CEO and Chairman, said "We believe the quality of our tenant base, including our existing parent guaranty from Genesis, is only strengthened by this transaction and our shareholders will benefit by the enhanced transparency of Genesis being a publicly-traded company. Genesis is a leading operator in the sector and we view this transaction favorably."
16:20 EDTSKHSkilled Healthcare to combine with Genesis HealthCare In 100% stock deal
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August 11, 2014
16:36 EDTSKHSkilled Healthcare reports Q2 adjusted EPS 7c, consensus 6c
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