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Daily Archives: April 29, 2008

Yes, We Have No Bananas: Did Chiquita (CQB) and Del-Monte (FDP) Pick-Pocket Wal-Mart (WMT)?

Posted: April 29, 2008 at 5:20 pm

Fresh Del-Monte (FDP) came out with some pretty strong earnings today. Income climbed to $63.6 million, or $1 per share, compared with $51.6 million, or 89 cents per share a ...
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SPAC Dissolving: Shanghai Sentry Acquisition Corp.

Posted: April 29, 2008 at 5:15 pm

Today, we have seen what may be one of the few special purpose acquisition companies, or SPAC's, see a return of capital with a proposed deal voted down by shareholders.Shanghai ...
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AT&T (T) To Make Big Apple (AAPL) iPhone Price Cut

Posted: April 29, 2008 at 5:07 pm

To keep customers coming in when the new Apple (AAPL) 3G iPhone comes out, probably in June. AT&T (T) will cut prices on the current model by as much as ...
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Citi Taps The Shareholder Keg (C)

Posted: April 29, 2008 at 4:49 pm

Citigroup Inc. (NYSE: C) has come out tonight saying it will sell some $3 Billion in common stock.  Citi claims that after its last $6 Billion, this $3 Billion would ...
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T. Boone Pickens: Energy Equities Reflect $75 Oil Rather Than $100 Oil

Posted: April 29, 2008 at 3:23 pm

CNBC just hosted another interview with oil magnate and billionaire T. Boone Pickens today after the close.   With recent prices of oil having been near $120 at the high, Pickens ...
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The 52-Week Low Club (GIL)(ENR)(SUN)(TRID)(TUNE)(UNH)

Posted: April 29, 2008 at 2:58 pm

Gildan Activewear (GIL) Company cuts guidance. Drops to $23.75 from 52-week high of $46.47.Energizer (ENR) Profit falls almost 9%. Sells off to $71.25 from 52-week high of $119.60. Sunoco (SUN) ...
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Take-Two’s GTA4 Retail Checks…. Maybe Take-Two Can Defend Against EA (TTWO, ERTS, GME, BBY)

Posted: April 29, 2008 at 2:26 pm

We at 247WallSt.com have made calls doing our own checks to see just how the new blockbuster mega-hit Grand Theft Auto 4 video game from take-Two Interactive (NASDAQ: TTWO) is ...
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Survey Shows No 3G Apple (AAPL) iPhone Hurts Product’s Perception

Posted: April 29, 2008 at 12:08 pm

ChangeWave Research recently ran a survey about what customers like and disliked about the Apple (AAPL) iPhone and Research-In-Motion (RIMM) Blackberry. At the top of the dislikes among iPhone customers ...
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Secondary Takes Air From Titan’s Sails (TITN)

Posted: April 29, 2008 at 10:13 am

Titan Machinery (NASDAQ: TITN) had been one of the best performing IPO's since the end of 2007.  The owner and operator of full service agricultural and construction equipment stores in ...
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Andersons Does Small Roll-Up Acquisition (ANDE)

Posted: April 29, 2008 at 8:51 am

The Andersons, Inc. (NASDAQ: ANDE) is making a niche acquisition to fit into its fertilizer operations.  It has acquired Douglass Fertilizer & Chemical Inc. as an addition to its Plant ...
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Genentech & Biogen-Idec Tank Rituxan Hopes on Lupus Treatment (DNA, BIIB)

Posted: April 29, 2008 at 8:29 am

Genentech, Inc. (NYSE:DNA) and Biogen Idec, Inc. (Nasdaq:BIIB) came out this morning with some disappointing news.  The biotech giants have announced that a Phase II/III study of Rituxan for lupus ...
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Valero Jumps Over Lowered Hurdles (VLO, BP, RDS, COP)

Posted: April 29, 2008 at 7:58 am

Valero Energy Corp. (NYSE:VLO) has reported 2008 first quarter income of $261 million, or $0.48 EPS, compared with income of $1.1 billion and $1.77 EPS for the first quarter of ...
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Corning Sees Thru The Glass (GLW)

Posted: April 29, 2008 at 7:37 am

Corning Inc. (NYSE: GLW) has reported earnings that are so far pleasing Wall Street.  The LCD glass giant posted $0.64 EPS on a gain, and from operations it posted $0.44 ...
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Under Armour, Under Its Targets (UA)

Posted: April 29, 2008 at 7:08 am

Under Armour (NYSE: UA) has reported earnings that look like more disappointment is on the way.  The sports apparel company posted $0.06 EPS on revenues of $157.3 million, although First ...
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TheStreet.com Earnings Miss Estimates (TSCM)

Posted: April 29, 2008 at 6:55 am

TheStreet.com (NASDAQ: TSCM) has reported earnings this morning.  Jim Cramer's offspring posted a 19% drop in net income to $2.4 million, or $0.07 EPS, but the company posted a 31% ...
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