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Stock Market & Financial Investment News

News Breaks
November 13, 2012
05:55 EDTWNC, WNC, GPOR, GPOR, SN, SN, AMRC, AMRC, TESO, TESO, MCEP, MCEP, HCOM, HCOM, KAMN, KAMN, HW, HW, FTK, FTKStephens to host a conference
Fall Investment Conference is being held in New York on November 13-14.
News For WNC;HW;KAMN;HCOM;MCEP;TESO;AMRC;SN;GPOR;FTK From The Last 14 Days
Check below for free stories on WNC;HW;KAMN;HCOM;MCEP;TESO;AMRC;SN;GPOR;FTK the last two weeks.
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September 15, 2014
07:23 EDTSNHart Energy to hold a conference
2014 DUG Eagle Ford Conference to be held in San Antonio, California on September 15-17.
September 12, 2014
20:36 EDTKAMNKaman announces sale of Moosup Facility
Kaman announced that its subsidiary, Kaman Aerospace Corporation, has sold its former manufacturing facility in Moosup, Connecticut, which has been idle since 2004, to TD Development, LLC. In connection with the sale, Kaman will contribute $4M in cash over a four year period to fund environmental remediation work that is expected to be done on the property, and expects to take a related pre-tax charge of approximately $2.2M in the third quarter. Further terms of the transaction were not disclosed.
11:05 EDTKAMNKaman to host investor day
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September 11, 2014
14:03 EDTHCOMHawaiian Telcom subsidiary selected for Hawaiki Cable landing station
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September 10, 2014
11:06 EDTGPORHigh option volume stocks
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September 9, 2014
19:07 EDTTESOWhite Eagle issues letter to Tesco board, criticizes $500M capex spending
White Eagle Partners, a shareholder of Tesco Corporation, sent a letter to the company's board criticizing management's proposed plans which suggest spending $250M in capex in tubular services over the next five years and an additional $250M for acquisitions. The letter calls on the board instead to institute a meaningful share buy-back plan in the near term. The letter said: "We were pleased to see the announcement of Quintana's planned resignation as president and CEO of Tesco Corporation. While we appreciated his work on the operational side, we were very disappointed with his flawed plans for the company. And we are particularly concerned with your announcement that we should expect "consistency in strategy" under Assing's management, who you indicate played a key role in the development of your current growth strategy. We believe that your proposed plan, which suggests $650M in capital to be deployed over the next five years, $250M for capex in tubular services, $250M for acquisitions, $100M for share buy-backs and $50M towards dividends, is flawed in a number of respects...Management expects the company to achieve $2.50 in EPS by 2018, which at current PE multiples suggest a price target north of $50 per share. If you believe your own projections, you would inevitably realize that the best allocation of capital is toward a share buy-back...We urge you to institute a meaningful share buy-back plan of at least $150M between now and your next annual meeting, which should still leave the company in a net cash position...Should you fail to modify your plans to take account of our suggestions, which we believe to be the best way to maximize shareholder value, we intend to pursue all appropriate shareholder actions to hold you accountable."
07:10 EDTKAMNGabelli to hold a conference
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September 8, 2014
10:06 EDTGPOROn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: AIG (AIG) initiated with a Buy at Citigroup... Agilent (A) initiated with an Equal Weight at Morgan Stanley... Altisource Residential (RESI) initiated with a Neutral at JPMorgan... AngloGold (AU) initiated with an Overweight at JPMorgan... Arista Networks (ANET) initiated with an Outperform at FBN Securities... C1 Financial (BNK) initiated with a Buy at Wunderlich... Cherokee (CHKE) initiated with a Buy at Roth Capital... ContraFect (CFRXU) initiated with a Buy at Maxim... DRDGOLD (DRD) initiated with an Underweight at JPMorgan... Enable Midstream (ENBL) initiated with an Equal Weight at Morgan Stanley... Enservco (ENSV) initiated with an Outperform at Northland... GoPro (GPRO) initiated with an Outperform at FBN Securities... Gold Fields (GFI) initiated with an Overweight at JPMorgan... Gulfport Energy (GPOR) initiated with an Equal Weight at Morgan Stanley... Harmony Gold (HMY) initiated with a Neutral at JPMorgan... Illumina (ILMN) initiated with an Equal Weight at Morgan Stanley... LINN Energy (LINE) reinstated with an Outperform at Credit Suisse... LinnCo (LNCO) reinstated with an Outperform at Credit Suisse... Randgold (GOLD) initiated with a Neutral at JPMorgan... Rentrak (RENT) initiated with a Buy at Needham... Rice Energy (RICE) initiated with an Accumulate at KLR Group... SanDisk (SNDK) initiated with an Outperform at FBN Securities... Seadrill (SDRL) initiated with a Sell at Canaccord... Tesla (TSLA) initiated with an Outperform at FBN Securities... Thermo Fisher (TMO) initiated with an Overweight at Morgan Stanley... Waters (WAT) initiated with an Underweight at Morgan Stanley... Whiting Petroleum (WLL) initiated with an Equal Weight at Morgan Stanley.
06:09 EDTGPORGulfport Energy initiated with an Equal Weight at Morgan Stanley
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