Archive for 'Preferred stock'

Allstate (NYSE: ALL) Board OK’s Stock Repurchase

The Allstate Corporation (NYSE: ALL) today announced that its board of directors has approved plans to issue preferred stock and senior unsecured debt to fund a new $1.0 billion share repurchase program and repay maturing debt. The board also approved a quarterly dividend of 21 cents per share.

“We believe this is an opportune time to repurchase common stock given Allstate’s current valuation,” said Thomas J. Wilson, Allstate’s chairman, president and chief executive officer. “As a result, we plan to adjust our capital structure to capture this opportunity while maintaining our strong capital position. Our $1.0 billion share repurchase program and upcoming 2012 debt maturity will be funded by issuing a combination of preferred stock and senior unsecured notes totaling $1.25 billion, market conditions permitting.” The share repurchase program will be made through open market purchases and may include an accelerated repurchase program. The program is expected to be completed by March 31, 2013.

The board also approved a quarterly dividend of 21 cents on each outstanding share of the corporation’s common stock, payable in cash on January 3, 2012 to stockholders of record at the close of business on November 30, 2011.

This press release contains “forward-looking statements” that anticipate results based on our estimates, assumptions and plans that are subject to uncertainty. We believe that these statements are based on reasonable estimates, assumptions and plans. However, if the estimates, assumptions or plans underlying the forward-looking statements prove inaccurate or if other risks or uncertainties arise, actual results could differ materially from those communicated in these forward-looking statements. These statements are made subject to the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. We assume no obligation to update any forward-looking statements as a result of new information or future events or developments.

Allstate has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents Allstate has filed with the SEC for more complete information about Allstate and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, Allstate will arrange to send you the prospectus if you request it by calling tollfree 1-800-416-8803.

The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer known for its “You’re In Good Hands With Allstate®” slogan. Now celebrating its 80th anniversary as an insurer, Allstate is reinventing protection and retirement to help nearly 16 million households insure what they have today and better prepare for tomorrow. Consumers access Allstate insurance products (auto, home, life and retirement) and services through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the U.S. and Canada, as well as via www.allstate.com and 1-800 Allstate®.

CONTACT: Maryellen Thielen, Media Relations, +1-847-402-5600, or Robert Block or Christine Ieuter, Investor Relations, +1-847-402-2800

Web Site: http://www.allstate.com

Zacks Latest List of Top Stocks to Buy

Zacks Latest List of Top Stocks to Buy

Zacks Latest List of Top Stocks to Buy-Image via Wikipedia

Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: Greatbatch, Inc. (NYSE: GB), B&G Foods, Inc. (NYSE: BGS), Healthstream, Inc. (Nasdaq: HSTM) and Corn Products International (NYSE: CPO).

Today, Zacks is promoting its ”Buy” stock recommendations. Four daily picks are offered free. http://at.zacks.com/?id=88

From 1988 through the present – a period that included serious corrections and recessions – the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year.

Here is a summary of today’s selected stocks that are now highly rated by Zacks:          

Aggressive Growth – Greatbatch, Inc. (NYSE: GB)

Earnings season is in full swing so let’s take a look at one of the recent surprises. Greatbatch, Inc. came in ahead of expectations, but how are analysts reacting to this Zacks #1 Rank (Strong Buy).

Zacks Guide to Aggressive Growth Investing (free!) – http://at.zacks.com/?id=4309

Growth & Income – B&G Foods, Inc. (NYSE: BGS)

Estimates have been rising for B&G Foods, Inc. after the company delivered solid third quarter results. It is a Zacks #1 Rank (Strong Buy) stock.

Zacks Guide to Growth & Income Investing (free!) – http://at.zacks.com/?id=4310

Momentum – Healthstream, Inc. (Nasdaq: HSTM)

Healthstream, Inc. is trading in a class of its own, recently hitting a new 52-week high on another great quarter. With an average earnings surprise of 42% over the last four quarters and a bullish growth projection, this Zacks #1 Rank stock offers a healthy stream of momentum.

Zacks Guide to Momentum Investing (free!):  http://at.zacks.com/?id=4311

Value – Corn Products International (NYSE: CPO)

Looking for a food play? Corn Products International is expected to grow earnings by the double digits for the second year in a row in 2011 despite challenging macroeconomic conditions. Sales rose 60% in the third quarter. This Zacks #1 Rank (strong buy) is also a value, with a forward P/E of just 10.3.

Zacks Guide to Value Investing (free!) –  http://at.zacks.com/?id=4312

How to Regularly Access Top Zacks Rank Picks for Free – http://at.zacks.com/?id=7154

Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. from M.I.T. found that “earnings estimate revisions are the most powerful force impacting stock prices.”  Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register here: http://at.zacks.com/?id=7155

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms.  It monitors more than 200,000 earnings estimates, looking for changes.

Then, when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.

More Free Stock Picks

Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription here: http://at.zacks.com/?id=91

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research

800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.

Web Site: http://www.zacks.com

Medical Group Institutes $10 Million Buy-Back

The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of skilled nursing, rehabilitative care services, assisted living, home health and hospice care companies, announced today that its board of directors has authorized the company to repurchase up to $10 million of its common stock over the next 12 months.

“This program reaffirms our continued confidence in the Company’s near and long-term financial and operating performance, and our commitment to enhancing shareholder value,” said Christopher Christensen, Ensign’s President and CEO.

Mr. Christensen confirmed that the company intends to continue paying quarterly dividends, and growing and diversifying its business. Pointing to the company’s strong cash flow and existing credit facilities, He noted that Ensign is well-positioned to continue acquiring not only well-performing and struggling long-term care skilled nursing and assisted living operations, but also existing and start-up or early-stage hospice and home health agencies. “While we will continue to invest in our current operations and the acquisition of additional operational assets, we are pleased that our strong balance sheet, significant credit relationships and the untapped equity in our real estate portfolio provide us with the flexibility to opportunistically repurchase Ensign shares,” he added.

Under the stock repurchase program, the Company is authorized to repurchase its issued and outstanding common shares from time to time in open-market and privately negotiated transactions and block trades in accordance with federal securities laws, including Rule 10b-18 promulgated under the Securities Exchange Act of 1934 as amended.

The number of shares repurchased by the company will depend entirely upon the levels of cash available, the attractiveness of alternate investment and business opportunities either at hand or on the horizon, and Management’s perception of value relative to market price, as well as other legal, regulatory and contractual requirements. The repurchase program does not obligate Ensign to repurchase any dollar amount or number of shares of common stock.

About Ensign™

The Ensign Group, Inc.’s independent operating subsidiaries provide a broad spectrum of skilled nursing and assisted living services, physical, occupational and speech therapies, home health and hospice services, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients at 100 facilities, three hospice companies and three home health businesses in California, Arizona, Texas, Washington, Utah, Idaho, Colorado, Nevada, Iowa and Nebraska. More information about Ensign is available at http://www.ensigngroup.net.

Safe Harbor Statement

This release may include forward-looking statements including, but not limited to, statements as to the Company’s plans, objectives, expectations and business strategy. Forward-looking statements can often be identified by words such as “anticipates,” “expects,” “intends,” “plans,” “predicts,” “believes,” “seeks,” “estimates,” “may,” “will,” “should,” “would,” “could,” “potential,” “continue,” “ongoing,” similar expressions, and variations or negatives of these words. These forward-looking statements include, but are not limited to, statements regarding growth prospects and future operating and financial performance. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to materially and adversely differ from those expressed in any forward-looking statement. Important factors which could cause actual results to differ materially from those in the forward-looking statements are detailed in filings made by Ensign with the Securities and Exchange Commission. Ensign undertakes no obligation to update or revise any such forward-looking statements to reflect subsequent events or circumstances.

CONTACT: Robert East of Westwicke Partners LLC, +1-443-213-0500, bob.east@westwickepartners.com, or Suzanne Snapper of The Ensign Group, Inc., +1-949-487-9500, ir@ensigngroup.net

Web Site: http://www.ensigngroup.net

Top Stocks from Zacks Buy List

Top Stocks from Zacks Buy List

Image via Wikipedia

Four free stock picks are being made available today on Zacks.com. The industry’s leading independent research firm highlights one Zacks #1 Rank Strong Buy or a Zacks #2 Rank Buy stock for each of the four main styles of investing: Aggressive Growth, Growth & Income, Momentum, and Value.

The four highlighted picks are: Polypore International Inc. (NYSE: PPO), W.W. Grainger, Inc. (NYSE: GWW), Domino’s Pizza, Inc. (NYSE: DPZ) and Gafisa S.A. (NYSE: GFA).

Today, Zacks is promoting its ”Buy” stock recommendations. Four daily picks are offered free. http://at.zacks.com/?id=88

From 1988 through the present – a period that included serious corrections and recessions – the Zacks #1 Rank Stocks have nearly tripled the market with a fully documented average gain of +28% per year.

Here is a summary of today’s selected stocks that are now highly rated by Zacks:          

Aggressive Growth – Polypore International Inc. (NYSE: PPO)

Polypore International Inc. analysts keep raising estimates and the company continues to top their expectations. This Zacks #2 Rank (Buy) may not be the best value, but the earnings are showing a fantastic growth story.

Zacks Guide to Aggressive Growth Investing (free!) – http://at.zacks.com/?id=4309

Growth & Income – W.W. Grainger, Inc. (NYSE: GWW)

W.W. Grainger, Inc. is still showing no signs of a slowdown. The company, which distributes maintenance, repair, and operating (MRO) supplies, recently delivered it 6th consecutive positive earnings surprise on strong sales growth.

Zacks Guide to Growth & Income Investing (free!) – http://at.zacks.com/?id=4310

Momentum – Domino’s Pizza, Inc. (NYSE: DPZ)

Domino’s Pizza, Inc. continues its awesome performance in 2011, recently jumping into a new all-time high on strong Q3 results. With an average earnings surprise of 14% over the last four quarters and bullish growth projection, this Zacks #1 Rank stock offers a delicious take on momentum.

Zacks Guide to Momentum Investing (free!):  http://at.zacks.com/?id=4311

Value – Gafisa S.A. (NYSE: GFA)

Stocks have pulled back quite a bit over fears of another recession in the United States. This has hit emerging market stocks particularly hard. But the Brazilian economy is showing no signs of a slowdown, leading to some very attractive valuations in Brazilian equities.

Zacks Guide to Value Investing (free!) –  http://at.zacks.com/?id=4312

How to Regularly Access Top Zacks Rank Picks for Free – http://at.zacks.com/?id=7154

Underlying the four free stock picks is a simple truth that first appeared in a Financial Analysts Journal article published in 1979. Leonard Zacks, a Ph.D. from M.I.T. found that “earnings estimate revisions are the most powerful force impacting stock prices.”  Zacks #1 Rank is awarded to a stock when analysts sharply upgrade their estimates of what the company will earn.

Today, Zacks is promoting its stock recommendations by offering four daily picks free to those who register here: http://at.zacks.com/?id=7155

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Len Zacks. The company continually processes stock reports issued by 3,000 analysts from 150 brokerage firms.  It monitors more than 200,000 earnings estimates, looking for changes.

Then, when changes are discovered, they’re applied to help assign more than 4,400 stocks into five Zacks Rank categories: #1 Strong Buy, #2 Buy, #3 Hold, #4 Sell, and #5 Strong Sell. This proprietary stock-picking system continues to outperform the market by a nearly 3-to-1 margin.

More Free Stock Picks

Each weekday, new Zacks #1 Rank or Zacks #2 Rank stock picks are released on the free email newsletter, Profit from the Pros. Investors are invited to register for their free subscription here: http://at.zacks.com/?id=91

Follow us on Twitter:  http://twitter.com/zacksresearch

Join us on Facebook:  http://www.facebook.com/ZacksInvestmentResearch

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
http://www.zacks.com

Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Web Site: http://www.zacks.com

Top Financial Planners List Released by Barrons

CFP Board of Standards is proud to announce that 46 CFP® professionals were named in “Barron’s List of Top 100 Independent Wealth Advisors of 2011.”

“I want to extend my sincere congratulations to the 46 CERTIFIED FINANCIAL PLANNER professionals named to Barron’s Top 100 Independent Wealth Advisors of 2011,” said CEO of CFP Board Kevin Keller, noting that Robert Glovsky, CFP® – a former Chair of CFP Board’s Board of Directors – appears again on this esteemed list.  “This is a great honor that highlights their dedication to clients, their individual practices and to the financial planning profession.”

Barron’s generates this list based upon the volume of assets overseen by the advisors and their teams, revenues generated for the firms and the quality of the advisors’ practices.

For Barron’s full list, visit http://online.barrons.com/report/top-financial-advisors/independent.

“It is rewarding to see CFP® professionals take their practices above and beyond what is expected of them,” said current Board Chair Charles Moran, CFP®. “As CFP® professionals, we are held to high standards of practice and ethics by CFP Board. Barron’s recognition of these dedicated CFP® professionals reflects well on the standards of excellence that more than 63,000 CFP® professionals maintain on a daily basis.”

Name Practice Name Location
Robert A. Clarfeld, CFP® Clarfeld Financial Advisors, Inc. Tarrytown, New York
Ron Carson, CFP® Carson Wealth Management Group Omaha, Nebraska
Peter Mallouk, CFP® Creative Planning, Inc. Leawood, Kansas
Debra Wetherby, CFP® Wetherby Asset Management San Francisco, California
Jon Waldron, CFP® Waldron Wealth Management Bridgeville, Pennsylvania
Tom Tracy, CFP® Aspiriant San Francisco, California
Brian Holmes, CFP® Signature Estate & Investment Advisors, LLC Los Angeles, California
Steven Weinstein, CFP® Altair Advisers LLC Chicago, Illinois
John Lesser, CFP® Plante Moran Financial Advisors Auburn Hills, Michigan
Michael Yoshikami, CFP® YCMNET Advisors Walnut Creek, California
Andy Berg, CFP® Homrich & Berg Inc Atlanta, Georgia
Timothy Grimes, CFP® Grimes & Company, Inc. Westborough, Massachusetts
Dale Yahnke, CFP® Dowling & Yahnke, LLC San Diego, California
Charles Zhang, CFP® Zhang Financial Portage, Michigan
Susan Kaplan, CFP® Kaplan Financial Services Newton, Massachusetts
Grant Rawdin, CFP® Wescott Financial Advisory Group LLC Philadelphia, Pennsylvania
Christopher Cordaro, CFP® RegentAtlantic Capital Morristown, New Jersey
Scott Tiras, CFP® Ameriprise Financial Services Houston, Texas
Mark Dixon, CFP® Plante Moran Financial Advisors Southfield, Michigan
Thomas Myers, CFP® Brownson, Rehmus & Foxworth, Inc. Menlo Park, California
David Bugen, CFP® RegentAtlantic Capital Morristown, New Jersey
Scott T. Henson, CFP® Hanson McClain Advisors Sacramento, California
Brent Brodeski, CFP® Savant Capital Management, Inc Rockford, Illinois
Gregg Fisher, CFP® Gerstein Fisher & Associates Inc New York, New York
Andrew McMorrow, CFP® Ballentine Partners, LLC Waltham, Massachusetts
Thomas B. Gau, CFP® Retirement Planning Specialists, Inc. Ashland, Oregon
Charles Brighton, CFP® Brighton Jones, LLC Seattle, Washington
Stephan Cassaday, CFP® Cassaday & Company Inc McLean, Virginia
Joel Isaacson, CFP® Joel Isaacson & Co., LLC New York, New York
Claudia Shilo, CFP® Ballentine Partners, LLC Wolfeboro, New Hampshire
Greg Sullivan, CFP® Harris SBSB McLean, Virginia
Jeffrey Lancaster, CFP® Bingham Osborn & Scarborough LLC San Francisco, California
Kevin Myeroff, CFP® NCA Financial Planners Mayfield Heights, Ohio
Don DeWaay, CFP® DeWaay Capital Management Clive, Iowa
Frederick Paulman, CFP® RMB Capital Management Chicago, Illinois
John Adams Vaccaro, CFP® Westport Resources Management Westport, Connecticut
Gerard Klingman, CFP® Klingman and Associates, LLC New York, New York
Malcolm Makin, CFP® Professional Planning Group Westerly, Rhode Island
Charles Thoele, CFP® Robertson Griege & Thoele Dallas, Texas
Michael Chasnoff, CFP® Truepoint Inc. Cincinnati, Ohio
Randall Linde, CFP® Ameriprise Financial Services, Inc. Renton, Washington
Ronald Weiner, CFP® Retirement Design & Management, Inc. Westport, Connecticut
Robert Glovsky, CFP® Mintz Levin Financial Advisors Boston, Massachusetts
Lewis Altfest, CFP® L.J. Altfest & Company Inc. New York, New York
Robert Fragasso, CFP® Fragasso Financial Advisors Pittsburgh, Pennsylvania
Rick Van Benschoten, CFP® Lenox Advisors Inc New York, New York

ABOUT CFP BOARD
The mission of Certified Financial Planner Board of Standards (CFP Board) is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. The Board of Directors, in furthering CFP Board’s mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board’s initial and ongoing certification requirements.  CFP Board currently authorizes more than 63,000 individuals to use these marks in the U.S.  For more information about CFP Board, visit www.CFP.net or call 800-487-1497.

CONTACT: Dan Drummond, Director of Public Relations, +1-202-379-2252, M: +1-202-550-4372, ddrummond@cfpboard.org Twitter: @cfpboardmedia

Web Site: http://www.cfp.net

Briggs & Stratton Corporation (NYSE: BGG) today announced the closing of a new five-year $500 Million Senior Unsecured Revolving Credit Facility with a syndicate of financial institutions.  The multicurrency credit agreement also includes an optional increase in aggregate commitment amount of up to $250 million, subject to certain conditions.  This agreement replaces the company’s existing credit agreement maturing in July 2012.  As of the end of the company’s most recent fiscal year ended July 3, 2011, no amounts were outstanding under the existing agreement.

“We are pleased to have replaced this important source of unsecured, committed financing with such a strong showing of support from our existing and new financial institutions.  It is a testament to our strong relationships as well as their confidence in the continued strength of and the outlook for our business,” said David Rodgers, Briggs & Stratton Corporation Senior Vice president and Chief Financial Officer.  “Our capital structure, management, continued strong free cash flow generation and the new credit facility provide us with the financial flexibility to support continued organic growth in our core businesses and our strategy to diversify and grow geographically.”

Fifteen financial institutions participated in the facility, which was more than 35 percent oversubscribed with J.P. Morgan Securities LLC and U.S. Bank N.A. serving as joint lead arrangers.  The company intends to use the Senior Unsecured Revolving Credit Facility to fund strategic growth initiatives, working capital and other general corporate purposes.  Material terms and conditions of the credit facility will be described in the company’s filings with the Securities and Exchange Commission.

About Briggs & Stratton Corporation:

Briggs & Stratton Corporation, headquartered in Milwaukee, Wisconsin, is the world’s largest producer of gasoline engines for outdoor power equipment. Its wholly owned subsidiary Briggs & Stratton Power Products Group LLC is North America’s number one manufacturer of portable generators and pressure washers, and is a leading designer, manufacturer and marketer of standby generators, along with lawn and garden and turf care through its Simplicity®, Snapper®, Ferris® and Murray® brands. Briggs & Stratton products are designed, manufactured, marketed and serviced in over 100 countries on six continents.

“Safe Harbor” Statement Under the Private Securities Litigation Reform Act of 1995:

This news release contains forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those projected. The forward-looking statements are based on the company’s current views and assumptions and involve risks and uncertainties that include, among other things, the ability to successfully forecast demand for our products; changes in interest rates and foreign exchange rates; the effects of weather on the purchasing patterns of consumers and original equipment manufacturers (OEMs); actions of engine manufacturers and OEMs with whom we compete; changes in laws and regulations; changes in customer and OEM demand; changes in prices of raw materials and parts that we purchase; changes in domestic and foreign economic conditions; the ability to bring new productive capacity on line efficiently and with good quality; outcomes of legal proceedings and claims; and other factors disclosed from time to time in our SEC filings or otherwise, including the factors discussed in Items 1A, Risk Factors, of the company’s Annual Report on Form 10-K and its periodic reports on Form 10-Q.

BRIGGS & STRATTON CORPORATION
David J. Rodgers
Senior Vice President and Chief Financial Officer

Top Five Stocks to Watch

Top Five Stocks to Watch

Top Five Stocks to Watch-Image via Wikipedia

Seven Summits Research issues critical PriceWatch Alerts for CSCO, DOW, ANR, MT, and CMG.

To see what our analysts have discovered about these stocks read the Seven Summits Strategic Investments’ PriceWatch Alerts at http://www.iotogo.com/s/100311A (Note: You may have to copy this link into your browser then press the [ENTER] key.)

Today’s PriceWatch Alerts cover the following stocks: Cisco Systems, Inc. (Nasdaq: CSCO), The Dow Chemical Company (NYSE: DOW), Alpha Natural Resources, Inc. (NYSE: ANR), Arcelor Mittal (NYSE: MT), and Chipotle Mexican Grill, Inc. (NYSE: CMG).

In today’s unsure markets these brief PriceWatch Alerts contain concise detailed strategies for each covered stock and include position protection tactics designed to potentially defend investors from unexpected market shifts. While other market reports only provide stock news and opinion, we offer strategies that position investments against uncertainty and increase chances of making a profit, even if a stock goes down.

“Our PriceWatch Alerts go beyond other market reports. Along with a brief concise overview, each PriceWatch Alert provides useful strategies, which ensure potential investments are protected with basic hedging techniques,” says Reid Stratton, Seven Summits Senior Analyst. “These brief company reports contain information that can benefit expert and novice investors who want to stay ahead of the market.”

For essential information on stocks poised to move go to: http://www.iotogo.com/s/100311A for Seven Summits Strategic Investments’ PriceWatch Alerts.

Seven Summits Investment Research is an independent investment research group, which focuses on the U.S. equities and options markets. Our analytical tools, screening techniques, rigorous research methods and committed staff provide solid information to help our clients make the best possible investment decisions. For more information go to www.SevenSummitsInvestmentResearch.com. CRD# 137114

All stocks and options shown are examples only– not recommendations to buy or sell. Our picks do not represent a positive or negative outlook on any security.  Potential returns do not take into account your trade size, brokerage commissions or taxes–expenses that will affect actual investment returns. Stocks and options involve risk, thus they are not suitable for all investors. Prior to buying or selling options, a person should request a copy of Characteristics and Risks of Standardized Options available from Catherine at 800-698-9101 or at http://www.cboe.com/Resources/Intro.aspx . Privacy policy available upon request.

CONTACT: Steve Blackbourniski, Seven Summits Investment Research, http://www.SevenSummitsStrategicInvestments.com, +1-434-293-9100

Web Site: http://www.SevenSummitsInvestmentResearch.com

Financial Advisors Preparing for the Worst in October

Financial Advisors Preparing for the Worst in October-Image via Wikipedia

October is notorious for being a rollercoaster stock market month.  Some financial advisors are wasting no time in battening down the hatches.

“Crises that plagued the markets throughout September have historically reached a crescendo in October and this year is no exception,” says Randy Warren, chief investment officer at Warren Financial Service. “We’re shoring up protection for our portfolios and preparing for the worst.”

Warren Financial is pulling client assets out of high beta ETFs and mutual funds that don’t perform in a highly correlated, volatile market. The European debt crisis continues to cast a dark shadow over investor outlook, correlation is nearing an all-time high, and last week brought the greatest decline in major US equities since the outset of the financial crisis in October 2008. Mr. Warren is available to provide insight for investors seeking safety in this unstable environment.

Warren Financial Service, WFS Funds

Founded in 1965, Warren Financial Service provides professional and diligent investment advice for individuals, small/medium sized businesses, foundations, trusts, and executives.  Matched with its experience in investment management, private client relationships, philanthropy, and estate planning & administration, the firm brings a finely honed perspective to help investors achieve their objectives.

Visit us at www.wfsfunds.com.

Press Contact:
Phil Nourie / Nourie Johnson Communications
P. 212-922-1226
phil@nouriejohnson.com

Web Site: http://www.wfsfunds.com

Mosaic (NYSE: MOS) Public Offering in Round Two

The Mosaic Company (NYSE: MOS) announced today that the previously announced secondary offering (the “offering”) of 18 million shares of its common stock, related to Mosaic’s inclusion into the S&P 500 Index, has priced at a public offering price of $57.65 per share.

The secondary offering is comprised of 18 million shares owned by the Margaret A. Cargill trusts. In addition, the underwriters have been granted a 30-day option to purchase up to 2.7 million additional shares from the selling stockholders to cover over-allotments, if any.

Mosaic will not receive any proceeds from the offering and there will be no change to the number of outstanding shares or earnings per share of Mosaic as a result of the transaction. The offering is expected to close on September 29, 2011.

A registration statement on Form S-3 relating to these securities has been filed with the Securities and Exchange Commission and became effective on June 23, 2011.  This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such jurisdiction.

J.P. Morgan Securities LLC and UBS Securities LLC served as the joint book-running managers for the offering.  A prospectus supplement relating to the offering has been filed with the Securities and Exchange Commission.  A copy of the prospectus supplement and the accompanying base prospectus are available and may be obtained from http://www.sec.gov or from one of the following banks involved in the transaction.

J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: (866) 803-9204

UBS Securities LLC
Attention: Prospectus Department
299 Park Avenue
New York, NY 10171
Telephone: (888) 827-7275

About The Mosaic Company

The Mosaic Company is one of the world’s leading producers and marketers of concentrated phosphate and potash crop nutrients. Mosaic is a single source provider of phosphate and potash fertilizers and feed ingredients for the global agriculture industry. More information on the company is available at www.mosaicco.com.

The Mosaic Company has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and other documents filed with the SEC for more complete information about The Mosaic Company and this offering. You may get these documents for free by visiting EDGAR on the SEC Web site at www.sec.gov. Alternatively, The Mosaic Company, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling toll-free (866) 803-9204 or (888) 827-7275

http://www.mosaicco.com

Texas Instruments Incorporated (TI) (NYSE: TXN) today said it will raise its quarterly cash dividend 31 percent.  The new quarterly dividend will be $0.17 per share of common stock, resulting in annual dividend payments of $0.68 per common share.  The current quarterly dividend is $0.13 per share.

The increase reflects the strategic shift of TI’s product portfolio to a greater percentage of analog and embedded processing technologies, which generate high returns on investment and strong cash flow.

“This dividend increase reflects the strength of our strategy, our confidence in our future, and our commitment to shareholders,” said Rich Templeton, TI chairman, president and chief executive officer.

The new quarterly cash dividend will be payable November 21, 2011, to stockholders of record on October 31, 2011, contingent upon formal declaration by the Board of Directors at its regular meeting in October.

This is the eighth consecutive year TI has increased its dividend.  The company has paid dividends to its shareholders on an uninterrupted basis since June 1, 1962.

Safe Harbor Statement

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995:

This release includes forward-looking statements intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995.  These forward-looking statements generally can be identified by phrases such as TI or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import.  Similarly, statements herein that describe TI’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements.  All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.

We urge you to carefully consider the following important factors that could cause actual results to differ materially from the expectations of TI or its management:

  • Market demand for semiconductors, particularly in key markets such as communications, computing, industrial and consumer electronics;
  • TI’s ability to maintain or improve profit margins, including its ability to utilize its manufacturing facilities at sufficient levels to cover its fixed operating costs, in an intensely competitive and cyclical industry;
  • TI’s ability to develop, manufacture and market innovative products in a rapidly changing technological environment;
  • TI’s ability to compete in products and prices in an intensely competitive industry;
  • TI’s ability to maintain and enforce a strong intellectual property portfolio and obtain needed licenses from third parties;
  • Expiration of license agreements between TI and its patent licensees, and market conditions reducing royalty payments to TI;
  • Economic, social and political conditions in the countries in which TI, its customers or its suppliers operate, including security risks, health conditions, possible disruptions in transportation networks and fluctuations in foreign currency exchange rates;
  • Natural events such as severe weather and earthquakes in the locations in which TI, its customers or its suppliers operate;
  • Availability and cost of raw materials, utilities, manufacturing equipment, third-party manufacturing services and manufacturing technology;
  • Changes in the tax rate applicable to TI as the result of changes in tax law, the jurisdictions in which profits are determined to be earned and taxed, the outcome of tax audits and the ability to realize deferred tax assets;
  • Changes in laws and regulations to which TI or its suppliers are or may become subject, such as those imposing fees or reporting or substitution costs relating to the discharge of emissions into the environment or the use of certain raw materials in our manufacturing processes;
  • Losses or curtailments of purchases from key customers and the timing and amount of distributor and other customer inventory adjustments;
  • Customer demand that differs from our forecasts;
  • The financial impact of inadequate or excess TI inventory that results from demand that differs from projections;
  • Impairments of our non-financial assets;
  • Product liability or warranty claims, claims based on epidemic or delivery failure or recalls by TI customers for a product containing a TI part;
  • TI’s ability to recruit and retain skilled personnel;
  • Timely implementation of new manufacturing technologies, installation of manufacturing equipment and the ability to obtain needed third-party foundry and assembly/test subcontract services; and
  • TI’s obligation to make principal and interest payments on its debt.

 

For a more detailed discussion of these factors, see the Risk Factors discussion in Item 1A of TI’s most recent Form 10-K and of TI’s Form 10-Q for the quarter ended June 30, 2011.  The forward-looking statements included in this release are made only as of the date of this release, and TI undertakes no obligation to update the forward-looking statements to reflect subsequent events or circumstances.

About Texas Instruments

Texas Instruments semiconductor innovations help 80,000 customers unlock the possibilities of the world as it could be – smarter, safer, greener, healthier and more fun.  Our commitment to building a better future is ingrained in everything we do – from the responsible manufacturing of our semiconductors, to caring for our employees, to giving back inside our communities.  This is just the beginning of our story.  Learn more at www.ti.com.

http://www.ti.com

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