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Archive for September, 2011
September 16th, 2011 at 03:16 pm
Diamond Reports Record 2011 Results and Raises Guidance for Fiscal 2012
Snack sales grew 16 percent in the fourth quarter and 72 percent for the fiscal year;
Non-GAAP Earnings Per Share (EPS) increased 37 percent for the fiscal year;
Raising sales and EPS guidance for fiscal 2012.
Diamond Foods, Inc. (Nasdaq MND) reported record financial results for its fiscal 2011 fourth quarter and full year.
For the three months ended July 31, 2011, the first full comparable quarter since the acquisition of Kettle Foods, non-GAAP net income grew 58 percent to $11.9 million and non-GAAP fully diluted earnings per share (EPS) grew 53 percent over the prior year's quarter to $0.52. During the quarter, the Company incurred $9.4 million in acquisition and integration costs related to the purchase of Kettle Foods in 2010 and the pending acquisition of Pringles. Including these charges, GAAP net income grew 27 percent to $8.5 million and GAAP fully diluted EPS was $0.37, up 23 percent.
For the twelve months ended July 31, 2011, non-GAAP net income grew 61 percent over the prior year period to $59.0 million and non-GAAP EPS grew 37 percent to $2.61. Including $16.8 million in acquisition and integration costs related to the purchase of Kettle Foods in 2010 and the pending acquisition of Pringles, GAAP earnings grew 92 percent to $50.2 million, and GAAP EPS grew 63 percent to $2.22.
"Our base Diamond business delivered record financial results this quarter, with our snack portfolio up a solid 16 percent on an organic basis," said Michael J. Mendes, Chairman, President and CEO. "We're particularly pleased that we could achieve such strong performance while effectively managing the Pringles integration."
Diamond Foods is an innovative packaged food company focused on building, acquiring and energizing brands including Kettle® chips, Emerald® snack nuts, Pop Secret® popcorn, and Diamond of California® nuts. The Company's products are distributed in a wide range of stores where snacks and culinary nuts are sold.
Corporate Web Site: www.diamondfoods.com
Read more at: http://pennyomega.com/?p=17174
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September 16th, 2011 at 09:54 am
China HGS Real Estate Inc. (Nasdaq:HGSH), one of the largest residential and commercial property developers in China's southern Shaanxi province, announced that the Company has officially begun construction on a large-scale residential real estate project - the new phase of Mingzhu Beiyuan Project (the "Project").
China HGS Real Estate Inc., through its subsidiary, Shaanxi Guangsha Investment and Development Group Co., Ltd., engages in the real estate development in the People's Republic of China.
Read full article:http://bestotc.com/18225/stock-alerts/hgsh-gblhfpk-usap-mjgcfpk-proj-stocks-in-action-by-bestotccom/
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September 16th, 2011 at 09:48 am
Blueknight Energy Partners, L.P. (Nasdaq:BKEP), a midstream energy company focused on providing integrated services for companies engaged in the production, distribution and marketing of crude oil, asphalt and other petroleum products, announced that it intends to launch a rights offering, pursuant to which it will distribute detachable freely-tradable rights (each a "Right" and collectively the "Rights") pro rata to common unitholders of record ("Record Date Unitholders") as of the close of business on September 27, 2011 (the "Record Date"). Record Date Unitholders will receive 0.5412 Rights for every common unit owned on the Record Date. Each whole Right will entitle the holder to acquire, for an exercise price of $6.50, a newly-issued Series A Preferred Unit of the Partnership.
Read full article:http://bestotc.com/18224/stock-alerts/bkep-crwe-onnn-untk-stocks-to-watch-by-bestotccom/
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September 16th, 2011 at 09:42 am
Global Hunter (GBLHF.PK)
Global Hunter Corp. (GBLHF.PK), a company focused on strategic and base metals, is now trading on the highest tier of the OTC market, OTCQX®.
Global Hunter began trading recently on the OTC market's prestigious tier, OTCQX International. Investors can find current financial disclosure and Real-Time Level 2 quotes for the Company on www.otcqx.com and www.otcmarkets.com.
Read full article:http://bestotc.com/18223/stock-alerts/gblhfpk-saas-cstr-tbsi-stocks-in-review-by-bestotccom/
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September 16th, 2011 at 09:35 am
Quality Distribution Inc. (Nasdaq:QLTY) announced that it will participate in the 2011 RBC Capital Markets' Global Industrials Conference, September 20, 2011 at the Mandarin Oriental Hotel in Las Vegas, Nevada. At the conference, Quality will be represented by Gary Enzor, Chief Executive Officer, and Joe Troy, Executive Vice President and Chief Financial Officer, who will present an overview of Quality's business to the investor community. Mr. Enzor and Mr. Troy are scheduled to speak on Tuesday, September 20, 2011 at 3:20 p.m. (PDT) which can be accessed via webcast at http://www.wsw.com/webcast/rbc134/qlty or at Quality's Investor Relations site at http://investor.shareholder.com/qualitydistribution/events.cfm. The webcast will be archived for 90 days following the conference.
Read full article:http://bestotc.com/18222/stock-alerts/qlty-gent-clno-elgx-stocks-in-focus-by-bestotccom/
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September 16th, 2011 at 09:28 am
Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Read full article:http://bestotc.com/18221/stock-alerts/mjgcfpk-cedc-joez-aerg-notable-stocks-by-bestotccom/
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September 16th, 2011 at 09:21 am
Commercial Vehicle Group Inc. (Nasdaq:CVGI) announced that it has entered into a joint venture (the "Joint Venture") with Hema Engineering Industries Limited ("Hema") for the production of seats and seating components for the India commercial vehicle market and for the supply of seats and components to other global CVG locations. CVG holds a 90% ownership and Hema holds a 10% ownership in the Joint Venture. The Company will lease a production facility in the Delhi NCR (Gurgaon) region of India, where Hema has its existing manufacturing facilities. Hema will initially supply components to the Joint Venture. The Company has been awarded India truck seating business and expects to begin production of this business in early to mid 2012.
Read full article:http://bestotc.com/18220/stock-alerts/cvgi-crwe-rent-mmyt-noticeable-stocks-by-bestotccom/
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September 16th, 2011 at 09:15 am
icad Inc. (Nasdaq:ICAD), an industry-leading provider of advanced image analysis, workflow solutions and radiation therapies for the early identification and treatment of cancer, announced it received a letter from The Nasdaq Stock Market stating that for the previous 30 consecutive business days, the bid price of the Company's common stock closed below the minimum $1.00 per share requirement for continued inclusion on The Nasdaq Global Market pursuant to Nasdaq Marketplace Rule 5450(a)(1) (the "Minimum Bid Price Rule"). The Nasdaq letter has no immediate effect on the listing of the Company's common stock.
Read full article:http://bestotc.com/18219/stock-alerts/icad-cgen-cntf-clno-featured-stocks-by-bestotccom/
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September 16th, 2011 at 09:09 am
Crown Equity Holdings Inc. (CRWE)
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
Read full article:http://bestotc.com/18218/stock-alerts/crwe-giii-aray-orbc-stocks-report-by-bestotccom/
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September 16th, 2011 at 09:02 am
Transcept Pharmaceuticals, Inc. (Nasdaq:TSPT) announced its plan to resubmit to the U.S. Food and Drug Administration (FDA) its New Drug Application (NDA) seeking approval of Intermezzo® (zolpidem tartrate sublingual tablet) for use as-needed for the treatment of insomnia when a middle of the night awakening is followed by difficulty returning to sleep.
Read full article:http://bestotc.com/18217/stock-alerts/tspt-clno-trid-blti-stock-updates-by-bestotccom/
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September 15th, 2011 at 02:20 pm
Northrop Grumman Corporation (NYSE:NOC) will build and deliver the Advanced Technology Microwave Sounder (ATMS) for the Joint Polar Satellite Systems (JPSS) under a contract with NASA.
JPSS is a system of polar-orbiting satellites to be developed by NASA for the National Oceanic and Atmospheric Administration (NOAA) for weather forecasting, storm tracking and climate monitoring.
The ATMS instrument is the second flight model and is slated to fly on the first JPSS satellite in 2016. The first ATMS was completed in 2005 and has been integrated on the NPOESS Preparatory Project (NPP) satellite, which is scheduled to launch in October.
ATMS will provide critical microwave data, including atmospheric temperature and moisture profiles, to support weather forecasting for the operational JPSS system. The instrument has 22 channels spanning the frequency band from 23.8 GHz to 183.3 GHz. It was designed to be the functional equivalent follow-on to the Advanced Microwave Sounder Units with improved sampling and coverage.
"Our experience in creating the ATMS engineering development unit and delivering the NPOESS Preparatory Project flight unit showed our capability to support the customer," said Steve Opel, ATMS program manager at Northrop Grumman. "This transition of the second flight unit to the Joint Polar Satellite Systems not only capitalizes fully on that previous experience, but also demonstrates our commitment to developing a long-term partnership with both NASA and NOAA on this program."
Northrop Grumman is a leading global security company providing innovative systems, products and solutions in aerospace, electronics, information systems and technical services to government and commercial customers worldwide.
Please visit www.northropgrumman.com for more information.
To read more at : http://bestotc.com/18206/stock-alerts/noc-gblhfpk-exbd-nee-ed-stocks-in-review-by-bestotccom/
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September 15th, 2011 at 09:40 am
Caterpillar Inc. (NYSE:CAT) has been named to the Dow Jones Sustainability Indexes (DJSI) for the eleventh straight year, recognized as one of the sustainability leaders in the Industrial Engineering sector. "Our ongoing commitment to sustainability fits perfectly with our focus on customers and helping them to become more efficient while meeting their sustainability challenges. Inclusion on the DJSI for the eleventh straight year is an honor and a confirmation that we are focused on making sustainable progress possible," said Doug Oberhelman, Caterpillar Chairman and CEO.
Read full article:http://bestotc.com/18199/stock-alerts/cat-clno-t-sep-stocks-in-focus-by-bestotccom/
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September 15th, 2011 at 09:34 am
Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Read full article:http://bestotc.com/18198/stock-alerts/mjgcfpk-jnpr-inb-coh-notable-stocks-by-bestotccom/
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September 15th, 2011 at 09:27 am
Goodrich Corp. (NYSE:GR) has received its first production order for the SiIMU02® inertial measurement unit (IMU) from Turkey's Roketsan Missiles Industries Inc. The IMU is used to facilitate precision guidance of Roketsan's new CIRIT 70 mm (2.75 in.) laser guided missile for attack helicopters. The IMUs will be produced at Goodrich's facility in Plymouth, UK. CIRIT is one of the first missiles in its class to incorporate the SiIMU02 inertial sensing unit package. The production order follows successful customization and qualification of the SiIMU02 package for CIRIT in 2011. At a fraction the size of legacy IMUs, the SiIMU02 package offered the flexibility for adaptation to Roketsan's mechanical and electrical interface needs.
Read full article:http://bestotc.com/18197/stock-alerts/gr-crwe-wec-wg-noticeable-stocks-by-bestotccom/
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September 15th, 2011 at 09:21 am
Developers Diversified Realty Corp. (NYSE DR) and Glimcher Realty Trust (NYSE:GRT) announced that the companies have entered into an agreement to swap two assets better aligned with the other's operating platforms and strategies. DDR will sell Glimcher its open-air mall, Town Center Plaza, in Kansas City, Kansas; and Glimcher will sell DDR its power center, Polaris Towne Center, in Columbus, Ohio. The transaction is expected to close in the fourth quarter of 2011, subject to the satisfaction or waiver of customary closing conditions.
Read full article:http://bestotc.com/18196/stock-alerts/ddr-esi-clno-wtw-featured-stocks-by-bestotccom/
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September 15th, 2011 at 09:16 am
Enzo Biochem Inc. (ENZ)
Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including exotic tests, to the medical community. Since ENZ founding in 1976, their strategic focus has been on the development of enabling technologies in the life sciences field.
Read full article:http://bestotc.com/18195/stock-alerts/enz-tap-crwe-kr-stocks-report-by-bestotccom/
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September 15th, 2011 at 09:08 am
M&F Worldwide Corp. (NYSE:MFW) and MacAndrews & Forbes Holdings Inc. ("MacAndrews & Forbes") announced that they have entered into a definitive merger agreement under which MFW will be merged with a subsidiary of MacAndrews & Forbes and all outstanding shares of MFW common stock not owned by MacAndrews & Forbes will be converted into the right to receive $25 in cash per share. MacAndrews & Forbes currently owns approximately 43% of the outstanding shares of MFW common stock.
Read full article:http://bestotc.com/18194/stock-alerts/mfw-clno-fsc-htz-stock-updates-by-bestotccom/
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September 14th, 2011 at 01:11 pm
Complete Genomics, Inc. (Nasdaq:GNOM), a complete human genome sequencing company, and Inova Health System, a not-for-profit healthcare system based in Northern Virginia, announced additional details about their partnership to sequence 1,500 genomes from 500 babies and their parents. The goal of this project is to identify prognostic, diagnostic and therapeutic targets for pre-term delivery and potentially other obstetrics associated abnormalities.
Complete Genomics, Inc., a life sciences company, develops and commercializes a DNA sequencing platform for human genome sequencing and analysis.
Read more at: http://pennygovernance.com/?p=16352
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September 14th, 2011 at 09:28 am
Sun Bancorp, Inc. (NASDAQ:SNBC) announced the filing of a universal shelf Registration Statement on Form S-3 with the Securities and Exchange Commission (SEC). "Sun maintains a strong capital position and having a routine shelf registration statement on file enables us to quickly capitalize on market opportunities should they arise, execute on our growth strategy and strengthen our franchise as the second largest commercial bank headquartered in New Jersey," said Sun Bancorp President and Chief Executive Officer Thomas X. Geisel. The Registration Statement on Form S-3 is subject to review by the SEC and has not yet been declared effective by the SEC. The filing of the Registration Statement does not require the Company to issue any securities.
Read full article:http://bestotc.com/18190/stock-alerts/snbc-clno-qnst-aciw-notable-stocks-by-bestotccom/
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September 14th, 2011 at 09:23 am
Fiserv, Inc. (NASDAQ:FISV) announced that Heartland Financial USA, Inc. (NASDAQ:HTLF) has signed on to use its ReserveLink® deposit reclassification solution. ReserveLink will help Heartland to generate additional investment income by greatly reducing or eliminating the need to maintain balances in accounts at the Federal Reserve.
Read full article:http://bestotc.com/18189/stock-alerts/fisv-dtsi-mjgcfpk-tecd-noticeable-stocks-by-bestotccom/
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September 14th, 2011 at 09:16 am
Cleantech Transit, Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.
Read full article:http://bestotc.com/18188/stock-alerts/clno-elgx-pacr-fwlt-featured-stocks-by-bestotccom/
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September 14th, 2011 at 09:10 am
American Axle & Manufacturing Holdings, Inc., (NYSE:AXL) announced the grand opening of its Rayong Manufacturing Facility, located in the Hemaraj Eastern Seaboard Industrial Estate in the Rayong Province of Thailand. Joseph S. Tang, the plant manager of Rayong Manufacturing Facility, will oversee the facility's manufacture of highly engineered and proven driveline products for the region. Products manufactured at the facility include front axles, rear axles; and driveshafts.
Read full article:http://bestotc.com/18187/stock-alerts/axl-crwe-enz-yge-stocks-report-by-bestotccom/
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September 14th, 2011 at 09:03 am
Blue Dolphin Energy Company (Nasdaq:BDCO) announced that it received a letter from The Nasdaq Stock Market ("Nasdaq") notifying Blue Dolphin that the Nasdaq Hearings Panel (the "Panel"), pursuant to instructions received from the Nasdaq Listing and Hearing Review Council, had determined to resume trading of Blue Dolphin's common stock as a result of the Company curing its stockholders' equity deficiency. Trading of Blue Dolphin's securities on The Nasdaq Capital Market will resume effective Thursday, September 1, 2011 before the open of the markets. The Panel will monitor the Company's continued compliance with the shareholder's equity rule for a period of one year.
Read full article:http://bestotc.com/18186/stock-alerts/bdco-wpcs-ltxc-clno-stock-updates-by-bestotccom/
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September 13th, 2011 at 10:01 am
Willbros Group Inc (NYSE:WG) announced that its Downstream segment has been awarded a multi-year contract to provide project engineering services at the HOVENSA Refinery in St. Croix, U.S. Virgin Islands. Willbros will provide front-end engineering and design and detailed design for multiple projects throughout the facility.
Read full article:http://bestotc.com/18177/stock-alerts/wg-imax-clno-mcs-stocks-to-watch-by-bestotccom/
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September 13th, 2011 at 09:54 am
Harte-Hanks Inc. (NYSE:HHS) announced the presenter lineup for the 2011 Sales-Driven Marketing Leadership Summit: How to Enable and Validate Marketing's Role in Revenue Generation, taking place October 4-5 at the Seaport World Trade Center in Boston.
Read full article:http://bestotc.com/18163/stock-alerts/hhs-bbx-ccsc-dfs-stocks-in-review-by-bestotccom/
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September 13th, 2011 at 09:40 am
PROS Holdings, Inc. (NYSE:PRO) announced that Executive Vice President and Chief Financial Officer Charlie Murphy will present at the Deutsche Bank 2011 Technology Conference in Las Vegas. The PROS presentation is scheduled for Wednesday, Sept. 14, 2011, at 5:05 p.m. PT.
Read full article:http://bestotc.com/18162/stock-alerts/pro-omn-kem-crwe-stocks-in-focus-by-bestotccom/
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September 13th, 2011 at 09:32 am
Majestic Gold Corp. (MJGCF.PK)
Majestic Gold Corp. engages in the exploration and development of mineral properties in China. The company focuses on its gold project located in the prolific gold region of Song Jiagou in eastern Shandong Province. Majestic Gold Corp. is headquartered in Vancouver, Canada.
Read full article:http://bestotc.com/18161/stock-alerts/mjgcfpk-dvr-mxl-brc-notable-stocks-by-bestotccom/
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September 13th, 2011 at 09:25 am
Cleantech Transit, Inc. (CLNO)
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project could benefit the Company's manufacturing clients worldwide.
Read full article:http://bestotc.com/18160/stock-alerts/clno-enz-fico-bke-noticeable-stocks-by-bestotccom/
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September 13th, 2011 at 09:19 am
Crown Equity Holdings Inc. (CRWE)
Crown Equity Holdings Inc., together with its digital network, currently provides electronic media services specializing in online publishing, which brings together targeted audiences and advertisers. Crown Equity Holdings Inc. offers internet media-driven advertising services, which covers and connects a range of marketing specialties, as well as search engine optimization for clients interested in online media awareness.
Read full article:http://bestotc.com/18159/stock-alerts/crwe-bbx-fico-bke-featured-stocks-by-bestotccom/
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September 13th, 2011 at 09:13 am
Enzo Biochem Inc. (ENZ)
Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including exotic tests, to the medical community. Since Enzo Biochem founding in 1976, their strategic focus has been on the development of enabling technologies in the life sciences field. Enzo Life Sciences develops, produces and markets proprietary labeling and detection products for gene sequencing, genetic analysis and immunological research, among others. Its catalog of over 30,000 products serves the molecular biology, drug discovery and pathology research markets worldwide.
Read full article:http://bestotc.com/18158/stock-alerts/enz-crwe-nptn-awh-stocks-report-by-bestotccom/
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