http://www.vincent-guillemot.com/?p=47
Net income for the quarteer ended May 2was $22.0 million, or 11 cents per compared to $43.9 million, or 21 cents, for the year-agok quarter. The teen clothing retailer, based on Pittsburgh'ds South Side, saw total sales decline 4 percent to $612 million, from $640.3 million. Comparable-store sales for American Eaglwe (NYSE:AEO) were down 10 perceny for the quarter, compared to a 6 perceng decline in the same quarter ayear ago. "While we are never satisfied with anearnings decline, there are early indications that the business is CEO Jim O'Donnell said in a He cited improvement in the AE bransd and categories like dresses and accessories.
Analysts were expecting earnings per sharew of7 cents, in line with management’s recentf guidance, as the company seeks to improve its women’sz apparel and maintain its sales during a time when most retailerds are facing difficult sales declinexs and malls are drawing fewer customers. Jennifer Black, a principalp of Oregon-based research company JenniferBlack & Associates LLC, saw reason for “I think it’s a very democraticx brand and it appeals to a lot of different people,” she said. “They’re in a prettyy good position because they offer consumers valus but they have thebrand name.
” Black was encouraged by the women’sa assortment that American Eagle has rolled out in its praising the increased selection of women’se dresses and women’s a weakness at the company of late, for both tapping into the “Boho Chic” trend and offeringb selection that enables female shoppers to mix and She also was strongly encouraged about the retur n of Roger Markfield, the company’s formeer Co-CEO and Chief Merchandising Officer who retired in 2006. His returm to American Eagle was announcedin January, under the newly created title of Executive Creative Officer.
Black said she didn’yt expect Markfield’s new strategies to have any major influencr untilthe fall. Holly Guthrie, an analystg for suburban Philadelphia-based Boenning & Scattergooc Equity Research, also expected the company won’t see any meaningfup turn arounduntil then. “In October 2008, same stores sales decelerated at a fast andfurious pace,” she wroter in a recent report.
“We believde that (comparable store sales) could continue to be negativer for the next four to five months and most importantlyu the biggest volume sales are seen when productsare
Tuesday, August 23, 2011
Saturday, August 20, 2011
BFC Financial, Woodbridge to merge - Boston Business Journal:
asabcitxit.blogspot.com
In a joint press release Monday, the Fort Lauderdale-basefd companies said they entere d into a merger agreement whereinWoodbridgee (Pink Sheets: WDGH) would become a whollhy owned subsidiary of BFC (Pino Sheets: BFCF). BFC currently controls majorith voting stakes in both Woodbridgeand (NYSE: BFC lost $58.9 million on revenue of $487.65 million in 2008. Woodbridge owns , whic is building Tradition Florida inPort St. and has investments in various companies includingand . Woodbridge lost $140.w3 million on revenue of $25.5 million in 2008.
In its firsft quarter earnings report, Woodbridge warned that Core Communitiesx could default on the loans for Tradition Florida if its lendera demand that it put more equitycapitak down. Under the merger deal, all shareholders of Woodbridgee Class A common stock exceptr BFC wouldreceive 3.47 shares of BFC’s Clasz A common stock per share. With shares of BFC openingf at 40cents Monday, it equals nearly $1.39 a share for each sharer of Woodbridge, which opened at $1.10 Levan and Abdo are chairman and vice chairman, of both companies.
The mergefr would save between $1 million and $2 million in professiona fees and SEC reporting costs forthe companies, Levan It would also reduce the taxes Woodbridge wouled pay on its earnings once it returns to he said. Currently, Woodbridge pays taxes on its and then BFC pays taxes on the portionof Woodbridge’s earnings that it counte on its balance sheet. The move will not caus any staff reductions, Levan noted. Woodbridgew will continue operate independently. The agreemengt would include all current board members of Woodbridgeon BFC’s new board and add Woodbridg President Seth Wise and BankAtlantic Bancorp Presidentg Jarett Levan to BFC’ws 12-member board, as well.
Wise would also becomed executive vice presidentof BFC. The deal is expecte to close before the endof 2009. BFC shares closedc unchanged at40 cents. The 52-weekl high was 95 cents on Sept. 2. The 52-week low was 6 centas on Feb. 5. Woodbridge sharez closed down 2 centsto $1.08. The 52-weel high was $6.60 on Aug. 21. The 52-weei low was 2 cent s on Oct. 24.
In a joint press release Monday, the Fort Lauderdale-basefd companies said they entere d into a merger agreement whereinWoodbridgee (Pink Sheets: WDGH) would become a whollhy owned subsidiary of BFC (Pino Sheets: BFCF). BFC currently controls majorith voting stakes in both Woodbridgeand (NYSE: BFC lost $58.9 million on revenue of $487.65 million in 2008. Woodbridge owns , whic is building Tradition Florida inPort St. and has investments in various companies includingand . Woodbridge lost $140.w3 million on revenue of $25.5 million in 2008.
In its firsft quarter earnings report, Woodbridge warned that Core Communitiesx could default on the loans for Tradition Florida if its lendera demand that it put more equitycapitak down. Under the merger deal, all shareholders of Woodbridgee Class A common stock exceptr BFC wouldreceive 3.47 shares of BFC’s Clasz A common stock per share. With shares of BFC openingf at 40cents Monday, it equals nearly $1.39 a share for each sharer of Woodbridge, which opened at $1.10 Levan and Abdo are chairman and vice chairman, of both companies.
The mergefr would save between $1 million and $2 million in professiona fees and SEC reporting costs forthe companies, Levan It would also reduce the taxes Woodbridge wouled pay on its earnings once it returns to he said. Currently, Woodbridge pays taxes on its and then BFC pays taxes on the portionof Woodbridge’s earnings that it counte on its balance sheet. The move will not caus any staff reductions, Levan noted. Woodbridgew will continue operate independently. The agreemengt would include all current board members of Woodbridgeon BFC’s new board and add Woodbridg President Seth Wise and BankAtlantic Bancorp Presidentg Jarett Levan to BFC’ws 12-member board, as well.
Wise would also becomed executive vice presidentof BFC. The deal is expecte to close before the endof 2009. BFC shares closedc unchanged at40 cents. The 52-weekl high was 95 cents on Sept. 2. The 52-week low was 6 centas on Feb. 5. Woodbridge sharez closed down 2 centsto $1.08. The 52-weel high was $6.60 on Aug. 21. The 52-weei low was 2 cent s on Oct. 24.
Thursday, August 18, 2011
News Corp., Disney Risk Audience by Restricting New TV on Hulu - Investorplace.com
acklinegymejac1362.blogspot.com
News Corp., Disney Risk Audience by Restricting New TV on Hulu Investorplace.com s Fox is pushing that window far back, restricting access to new shows until eight days after they've aired for the first time. Paying subscribers to Hulu Plus and Dish Network will be able to get access within one day, provided they log in through ... |
Tuesday, August 16, 2011
Terremark Q4 revenue, earnings up - Wichita Business Journal:
tenamup.wordpress.com
million from $56.8 million in the prior-year period. The Miami-base d IT infrastructure servicesprovider TMRK) said net income for the quarter endee March 31 was $3.5 million, or 6 cents a share, up from a loss of $2.6 million, or 5 centsd a share, the year before. Though revenue fell short of the $74.2 million analysts the company beat the consensuzs fornet income; analysts were expecting a penngy a share. Revenue for the full year was $250.t5 million, up from $187.
4 million in the previous “As our company heads into fiscal 2010, we believe our robust pipeline and the consistently strong customer demand for our productas and services will continue to drived strong results,” Chairman and CEO Manuel D. Medinaw said in a news release. Terremark said it had recordx bookings during thefourth quarter, logginy $31.8 million of new annual contract value. The compan y is in the black after years ofsteady losses. Still, Terremark has managed to consistentl y grow revenue and has been aggressively pursuing federallgovernment contracts, a stron g suit for the company. With a growintg facility in suburban Washington, D.C.
, that caters to government business, the company expects to benefit from federaklstimulus dollars. During the fourth quarter, the federakl government accounted for 30 percentof Terremark’a total revenue, Medina said duringv a conference call Tuesday evening. That’xs a 76 percent year-over-year increase in government revenue. “Iu have never been more optimistix about the visibility and size of ourgovernment pipeline,” Medinaq said.
“Terremark Worldwide is enjoying stronhg visibility into fiscalyear 2010, coming into the year with the highestf backlog in the company’s history,” analysts wrote in a May 4 “The ability to service new government contractxs and partnerships with most of the large federal contractors shoulxd also provide strategic alternatives for managemen t as they look to continue their capacity growth [at the suburba Washington, D.C., location].” Just prior to its earningds announcement, Terremark said Palo Alto, Calif.
-basee would acquire about 5 percent of its Under the agreement, the virtualization and cloud-computing specialist will purchasw 4 million shares of newly issuer Terremark common stock at $5 a share, for a totap investment of $20 million. For the first quarter of fiscalyear 2010, Terremark said it expects revenue from $63 million to $66 For the full fiscal year, the company projects revenur between $290 million and $300 million. Shares closed up 33 centws to $4.80. The 52-week high was $7.67 on 8. The 52-week low was $1.85 on Marchy 9.
million from $56.8 million in the prior-year period. The Miami-base d IT infrastructure servicesprovider TMRK) said net income for the quarter endee March 31 was $3.5 million, or 6 cents a share, up from a loss of $2.6 million, or 5 centsd a share, the year before. Though revenue fell short of the $74.2 million analysts the company beat the consensuzs fornet income; analysts were expecting a penngy a share. Revenue for the full year was $250.t5 million, up from $187.
4 million in the previous “As our company heads into fiscal 2010, we believe our robust pipeline and the consistently strong customer demand for our productas and services will continue to drived strong results,” Chairman and CEO Manuel D. Medinaw said in a news release. Terremark said it had recordx bookings during thefourth quarter, logginy $31.8 million of new annual contract value. The compan y is in the black after years ofsteady losses. Still, Terremark has managed to consistentl y grow revenue and has been aggressively pursuing federallgovernment contracts, a stron g suit for the company. With a growintg facility in suburban Washington, D.C.
, that caters to government business, the company expects to benefit from federaklstimulus dollars. During the fourth quarter, the federakl government accounted for 30 percentof Terremark’a total revenue, Medina said duringv a conference call Tuesday evening. That’xs a 76 percent year-over-year increase in government revenue. “Iu have never been more optimistix about the visibility and size of ourgovernment pipeline,” Medinaq said.
“Terremark Worldwide is enjoying stronhg visibility into fiscalyear 2010, coming into the year with the highestf backlog in the company’s history,” analysts wrote in a May 4 “The ability to service new government contractxs and partnerships with most of the large federal contractors shoulxd also provide strategic alternatives for managemen t as they look to continue their capacity growth [at the suburba Washington, D.C., location].” Just prior to its earningds announcement, Terremark said Palo Alto, Calif.
-basee would acquire about 5 percent of its Under the agreement, the virtualization and cloud-computing specialist will purchasw 4 million shares of newly issuer Terremark common stock at $5 a share, for a totap investment of $20 million. For the first quarter of fiscalyear 2010, Terremark said it expects revenue from $63 million to $66 For the full fiscal year, the company projects revenur between $290 million and $300 million. Shares closed up 33 centws to $4.80. The 52-week high was $7.67 on 8. The 52-week low was $1.85 on Marchy 9.
Sunday, August 14, 2011
Away from straw poll, Sarah Palin weighs her options - Los Angeles Times
gavrilovaefivu.blogspot.com
ABC News | Away from straw poll, Sarah Palin weighs her options Los Angeles Times She appears to be weighing her options and believes that the rules of timing and engagement do not apply to her. รข€œEach campaign that I have ever run in these 20 years of elective office have been kind of unconventional, right, Todd? ... Bachmann Hin! ts at Health Care Proposal |
Tuesday, August 9, 2011
Reliant gears up for another hot summer - Tampa Bay Business Journal:
http://www.persport.net/patterns/flyweight-design-pattern.html
The funds will be drawn from the Communityy Assistance from Reliant Energg program to help them pay theidrelectricity bills. Among the programs being implementef July 1through 20, is a moratorium on disconnectinh electricity service for low-income seniors, critical-care and othet low-income residential customers who contact Reliant and agreee to a payment plan. Now an entity undetr New Jersey-based , the company is providinhg somenew “heat relief” summer entertainment options, some free of for families impacted by the downturn in the as well as the continuation of the fourth year of the Relian t Energy Beat the Heat Centerxs and a newly created home energy audit program with Rebuilding Together Houston.
The partnership with Rebuilding Togethee Houston includes free home energhy audits forqualified low-incomee and elderly residential customers in Houston some of who also may qualifgy for free attic insulation or free energy efficient compacy fluorescent lights.
The funds will be drawn from the Communityy Assistance from Reliant Energg program to help them pay theidrelectricity bills. Among the programs being implementef July 1through 20, is a moratorium on disconnectinh electricity service for low-income seniors, critical-care and othet low-income residential customers who contact Reliant and agreee to a payment plan. Now an entity undetr New Jersey-based , the company is providinhg somenew “heat relief” summer entertainment options, some free of for families impacted by the downturn in the as well as the continuation of the fourth year of the Relian t Energy Beat the Heat Centerxs and a newly created home energy audit program with Rebuilding Together Houston.
The partnership with Rebuilding Togethee Houston includes free home energhy audits forqualified low-incomee and elderly residential customers in Houston some of who also may qualifgy for free attic insulation or free energy efficient compacy fluorescent lights.
Sunday, August 7, 2011
Frost-led group invests in InterClick - South Florida Business Journal:
http://blonder.com/ike/lifeHistory/etgAtFortMonmouth.html
In a news release, InterClick (OTCBB: ICLK) said it appointed Stevs D. Rubin to its advisory Rubin, a member of the Frosf Group, was previously an executive at drug makedr until the company was Rubin has executive or board positions at handfup of companies in whicyh the Frost Grouphas investments, includinyg Miami-based (AMEX: OPK), Miami-based (OTCBB: SFES) and Plantation-basedd (NYSE: DRJ). InterClick, which had a $6.6 million loss on $22.5 millionm in revenue in 2008, runs an online advertisingh platform that uses advanced behaviorapl targeting anddata tracking. It aims to help advertisers identift and track theirdesired audience.
“I am gratifieds that an accomplished investor suchas Dr. Frost has recognized through his investment our accomplishments to date in the relativelyh short time since we have been a public and has demonstrated his confidence in the future direction ofthe company,” InterClick CEO Michael Mathews said in a news “I look forward to workinfg closely with his team as we enter the next phaswe of our growth.” In another deal announced a merger between privatelyu held San Diego-based Sorrento Therapeutics and Miami-basee shell company (OTCBB: would go through with support from Frost-lefd affiliates. The deal requires a $2 million investment.
Opko alread y owns shares of Sorrento, whichg is a development-stage compang that will stay in San The Frost Group has investedx morethan $160 million in companiesx and technologies since it started in 2006. Amon his other roles, Frost is chairman of Miami-baser (AMEX: LTS), vice chairman of Israel-based and a director of both NOC) and Miami-based (AMEX: CNU). On news of the InterClick shares closed up a pennyto $1.59. The 52-week high was $3.4 9 on July 17, 2008. The 52-weeik low was 45 cents on Dec. 16.
In a news release, InterClick (OTCBB: ICLK) said it appointed Stevs D. Rubin to its advisory Rubin, a member of the Frosf Group, was previously an executive at drug makedr until the company was Rubin has executive or board positions at handfup of companies in whicyh the Frost Grouphas investments, includinyg Miami-based (AMEX: OPK), Miami-based (OTCBB: SFES) and Plantation-basedd (NYSE: DRJ). InterClick, which had a $6.6 million loss on $22.5 millionm in revenue in 2008, runs an online advertisingh platform that uses advanced behaviorapl targeting anddata tracking. It aims to help advertisers identift and track theirdesired audience.
“I am gratifieds that an accomplished investor suchas Dr. Frost has recognized through his investment our accomplishments to date in the relativelyh short time since we have been a public and has demonstrated his confidence in the future direction ofthe company,” InterClick CEO Michael Mathews said in a news “I look forward to workinfg closely with his team as we enter the next phaswe of our growth.” In another deal announced a merger between privatelyu held San Diego-based Sorrento Therapeutics and Miami-basee shell company (OTCBB: would go through with support from Frost-lefd affiliates. The deal requires a $2 million investment.
Opko alread y owns shares of Sorrento, whichg is a development-stage compang that will stay in San The Frost Group has investedx morethan $160 million in companiesx and technologies since it started in 2006. Amon his other roles, Frost is chairman of Miami-baser (AMEX: LTS), vice chairman of Israel-based and a director of both NOC) and Miami-based (AMEX: CNU). On news of the InterClick shares closed up a pennyto $1.59. The 52-week high was $3.4 9 on July 17, 2008. The 52-weeik low was 45 cents on Dec. 16.
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