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Stock Market & Financial Investment News

News Breaks
June 5, 2014
09:04 EDTSJM, WPCW.P. Carey acquires $48M J.M. Smucker Chicago distribution facility
W. P. Carey (WPC) has acquired, from Exeter Property Group, a 824,624 square foot distribution facility for a total acquisition price of approximately $48M. The facility is located outside of Chicago and is leased to a subsidiary of J.M. Smucker (SJM) for a period of 9.5 years.
News For WPC;SJM From The Last 14 Days
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November 19, 2014
07:05 EDTSJMJ.M. Smucker backs FY15 EPS ex-items $5.45-$5.65, consensus $5.55
The company expects FY15 net sales to decrease approximately 1%, as compared to 2014. Revenue consensus $5.56B. Based on the full year results for the first six months of 2015, the company's outlook implies a modest increase in net sales for the last six months of 2015 over the same period last year. The company noted higher net price realization, favorable mix, and the contribution from Sahale as the primary contributors. Volume declines and an unfavorable net price realization to cost relationship in the U.S. Retail Coffee segment are the primary contributors of the income per diluted share decline for the last six months of 2015, compared to the same period in 2014. Free cash flow for 2015 is expected to approximate $500M reflecting the anticipated decrease in net income and a higher level of working capital requirements.
07:03 EDTSJMJ.M. Smucker reports Q2 EPS ex-items $1.53, consensus $1.53
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November 18, 2014
15:21 EDTSJMNotable companies reporting before tomorrow's open
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07:32 EDTWPCW.P. Carey's CPA:18-Global acquires facility in Plymouth for $43M
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November 14, 2014
07:30 EDTWPCW.P. Carey closes $21M sale-leaseback of Pratt Industries manufacturing facility
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November 12, 2014
12:13 EDTSJMJ.M. Smucker downgraded to Neutral from Buy at Northcoast
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08:05 EDTSJMJ.M. Smucker cuts FY15 EPS excl items to $5.45-$5.65 from $5.95-$6.05
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08:04 EDTSJMJ.M. Smucker: Q2 results fell short of expectations due to coffee business
The company said, "Our rapid ascent of coffee prices to reflect higher green coffee costs took its toll on volume. The balance of our businesses performed well. As we move into the second half, we anticipate overall coffee volume trends will improve compared to our second quarter, but the pricing impact of higher green coffee costs will continue through the remainder of the fiscal year. Looking forward, we do not believe there has been a fundamental change to the at-home coffee category. However, our teams will continue to focus on tactical opportunities to address the current market environment."
08:03 EDTSJMJ.M. Smucker reports Q2 preliminary EPS excl. items $1.53, consensus $1.66
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07:45 EDTWPCW.P. Carey acquires Inghams' portfolio of Australian properties for $138M
W. P. Carey has completed a 20-year sale-leaseback transaction with Inghams Enterprises Pty. in relation to a portfolio of 31 Australian industrial and agricultural properties for approximately $138M. Inghams is owned and managed by global private investment firm TPG.
November 11, 2014
07:32 EDTWPCW.P. Carey's REIT acquired 97% interest in two properties in Georgia for $46M
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