Pennytobuck's Personal Finance Blog

Brookdale Senior Living Inc. (NYSE:BKD) announced that it has completed its previously announced acquisition of Horizon Bay Realty, L.L.C. ("Horizon Bay"), the ninth largest operator of senior living communities in the United States with 91 communities containing over 16,400 units in 19 states. In conjunction with the acquisition, the Company entered into an agreement to restructure the management agreements with Chartwell Seniors Housing Real Estate Investment Trust (TSX - CSH.UN) ("Chartwell") relating to 45 communities (with a total of 6,420 units) managed by Horizon Bay. As part of the restructuring of the management agreements, Chartwell granted Brookdale an option through 2013 to acquire a 20% interest in Chartwell's U.S. real estate assets managed by Brookdale. Brookdale will also have a right of first offer to acquire any of Chartwell's assets managed by Brookdale.

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Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

Biomass is the term used for the biological material from living or recently living organisms such as wood, waste materials, gases and alcohol fuels. Biomass is commonly plant matter that is specifically grown in order to produce electricity or to produce heat.The composition of biomass is carbon, hydrogen and oxygen. Nitrogen and small quantities of other atoms, including alkali, alkaline earth and heavy metals can also be found. Biomass is the building block or 'feedstock' for many other fuels.

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Kindred Healthcare, Inc. (NYSE:KND) announced that D. Hank Robinson, Senior Vice President, Tax and Treasurer, will make a presentation regarding the Company at the Morgan Stanley Global Healthcare Conference in New York City on Wednesday, September 14, 2011, at 11:30 a.m. Eastern Time. Any written materials accompanying the presentation also will be available on Kindred's website at the time of the presentation. The webcast and any written materials accompanying the presentation will be archived at http://investors.kindredhealthcare.com.

Kindred Healthcare, Inc. operates as a healthcare services company in the United States. It operates in three divisions: Hospital, Health Services, and Rehabilitation.

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Office Depot (NYSE:ODP) announced that Tony Stewart, driver of the No. 14 Office Depot/Mobil 1 Chevrolet Impala in the NASCAR Sprint Cup Series™, will headline a special store grand opening and "Back-To-School Celebration" event at the new Office Depot store on 1230 Huguenot Rd. in Midlothian, Va. The event will take place at 3:30 p.m. EDT on Thursday, September 8.

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Francesca's Holdings Corporation (NASDAQ:FRAN) was founded in 1999 and is headquartered in Houston, Texas. Francesca's Holdings operates a chain of retail boutiques in the United States. The retail boutiques of Francesca's Holdings offer apparel, jewelry, accessories, and gifts to female customers. As of April 2, 2011, Francesca's Holdings operated 236 boutiques in 38 states. Francesca's Holdings also sells its products through e-commerce Website, francescascollections.com.



Francesca's Holdings Corporation yesterday announced financial results for the fiscal second quarter and year-to-date period ended July 30, 2011. For the fiscal second quarter ended July 30, 2011. Net sales increased 47.2% to $51.2 million from $34.8 million in the same prior year period. Comparable boutique sales increased by 5.4% following an increase of 11.2% in the same prior year period. Gross margin was 52.7% compared to 54.0% in the prior year second quarter. Product margin was maintained at the same level as the prior year period. Boutique occupancy costs increased principally as our growing number of mall locations resulted in higher depreciation expense and common area maintenance costs. Income from Operations grew 29.8% and was 24.6% as a percentage of net sales compared to 27.9% in the same prior year period. The change from the prior year period reflected higher selling, general and administrative costs related to professional fees, IT related expenses, and boutique payroll costs.

Interest expense was $2.0 million or $0.03 per diluted share. Francesca’s Holdings had no interest expense and no outstanding debt during the same prior year period. Net income was $5.5 million, or $0.13 per diluted share based upon 41.5 million weighted average shares outstanding. Adjusted net income was $6.5 million, or $0.15 per diluted share excluding a $1.6 million pretax or $0.02 per diluted share charge for the early extinguishment of debt under Francesca’s Holdings' prior secured credit facility. This compares to net income of $5.9 million, or $0.14 per fully diluted share based on 40.7 million weighted average shares outstanding for the same period in fiscal year 2010. The Company opened 30 new boutiques during the second quarter. At July 30, 2011 the Company operated 279 locations compared to 197 at the end of the same prior year period.

For more information about Francesca’s Holdings, please visit www.francescascollections.com

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Pulse Electronics, (NYSE:PULS) announced it will present at the CL King 9th Annual Best Ideas Conference in New York on Tuesday, September 13, 2011. The presentation is scheduled to begin at 10:45 a.m. Eastern Time. Chief Financial Officer Drew A. Moyer and Chief Operating Officer Alan Benjamin will review Pulse's strategic turnaround plan and its financial performance. A live webcast of the presentation will be available on the homepage of the company's web site www.pulseelectronics.com.

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Majestic Gold Corp. (MJGCF.PK)

Majestic Gold Corp. (MJGCF.PK) has arranged a $10,000,000 loan to advance its Song Jiagou project in China. Nine million dollars ($9,000,000) from the proceeds from the loan will be used by the Company to in connection with its Song Jiagou project and the balance of one million dollars ($1,000,000) for general working capital purposes.

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GenVec, Inc. (NASDAQ:GNVC) announced that Paul H. Fischer, Ph.D., GenVec's President and CEO, will present a Company overview highlighting recent developments at the Stifel Nicolaus 2011 Healthcare Conference on Friday, September 9, 2011 at 8:35 a.m. EDT at the Four Seasons Hotel in Boston, MA. A webcast of Dr. Fischer's presentation will be available both live and on replay. The presentation will be available via webcast at http://www.veracast.com/webcasts/stifel/healthcare2011/45302499.cfm.

GenVec, Inc. operates as a biopharmaceutical company that uses differentiated, proprietary technologies to create therapeutics and vaccines.

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Omnicell, Inc. (NASDAQ:OMCL) announced they will present at the Stifel Nicolaus 2011 Healthcare Conference at the Four Seasons Hotel, Boston, MA. Omnicell Speakers: Randall A. Lipps, founder, chairman, president & CEO and Rob Seim, vice president & CFO. Date: Wednesday, September 7, 2011, Time: 9:45 a.m. ET, Location: Four Seasons Hotel, Boston, MA Stuart Room. The audio-webcast of the live presentation may be accessed by visiting: http://www.veracast.com/webcasts/stifel/healthcare2011/13104388.cfm.

Omnicell, Inc. offers automated solutions for hospital medication dispensing and supply management primarily in the United States and Canada.

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Monotype Imaging Holdings Inc. (Nasdaq:TYPE) has announced that Doug Shaw, Monotype Imaging's president and chief executive officer, and Scott Landers, the company's senior vice president and chief financial officer, will present at William Blair's 5th annual Emerging Growth Stock Conference in New York City. The Monotype Imaging presentation is scheduled for Thursday, Sept. 8, 2011, at 11:00 a.m. EDT. The presentation will be webcast live and will also be available for replay through the Investor Relations section of Monotype Imaging's website at www.monotypeimaging.com.

Read more at: http://pennytobuck.com/?p=16880

Crown Equity Holdings Inc. (CRWE)

Crown Equity Holdings Inc. (CRWE) is pleased to announce that it has entered into a joint venture to deploy VoIP (Voice over Internet Protocol) technology delivering voice, video and data services to residential and commercial customers. The joint venture company is Crown Tele Services Inc. which was a wholly-owned subsidiary of Crown Equity Holdings Inc. Crown Equity Holdings Inc. will own fifty percent (50%) interest in the joint venture.

Read more at: http://pennytobuck.com/?p=16879

CytRx Corporation (Nasdaq:CYTR) announced that David Haen, the Company's Vice President of Business Development, will present at the Rodman & Renshaw 13th Annual Healthcare Conference on Monday, September 12, 2011, at 4:55 p.m. Eastern time (1:55 p.m. Pacific time). The conference is being held at the Waldorf=Astoria hotel in New York City. "This well-attended conference is ideal for showcasing the rapid clinical advancement of our promising oncology portfolio," said Steven A. Kriegsman, CytRx's President and Chief Executive Officer. "We currently have seven clinical trials either underway or planned, with bafetinib and tamibarotene in multiple Phase 2 trials and plans to begin a Phase 2b trial with our doxorubicin conjugate INNO-206 by year end. We are now on the cusp of reaching several critical inflection points that make this a very exciting time at CytRx."

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ViewPoint Financial Group, Inc. (Nasdaq:VPFG) announced its intention to repurchase up to 5% of its total common shares outstanding, or approximately 1,741,975 shares, in the open market, based on prevailing market prices, over a period beginning on August 30, 2011, continuing until the earlier of the completion of the repurchase or the next twelve months, depending upon market conditions.

ViewPoint Financial Group, Inc. operates as the holding company for ViewPoint Bank, which provides financial services for consumers and businesses.

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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 more at: http://pennytobuck.com/?p=16876

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Teche Holding Company (AMEX:TSH) declared a quarterly dividend of $0.36 per share of its common stock. The effective dividend yield amounts to 4.5% based on the stock price on the close of business on August 24, 2011. The dividend is 1.4% higher than the rate of $0.355 per common share this time last year. This represents a quarterly payout ratio of 42.4% based on diluted earnings per share for the quarter ended June 30, 2011. The dividend will be paid on September 30, 2011 to shareholders of record as of the close of business on September 16, 2011. The company has paid a cash dividend for 65 consecutive quarters

Read more at : http://stock-pr.com/?p=19751

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 more at: http://pennytobuck.com/?p=16870

Flowserve Corporation (NYSE:FLS) announced a contract from Hyflux Ltd. to provide energy recovery devices for the Tuaspring Desalination Plant in Singapore. Under the agreement, Flowserve will manufacture 68 CALDER Dual Work Exchange Energy Recovery (DWEERTM) units used in the yet-to-be constructed plant to recover energy from the high-pressure brine stream of the seawater reverse osmosis process. When operational, the DWEER units are designed to achieve an efficiency of greater than 95 percent and help reduce the energy demands for the membrane feed pumps by up to 60 percent.

Flowserve Corporation develops, manufactures, and sells precision engineered flow control equipment. The company operates in three segments: FSG Engineered Product Division, FSG Industrial Product Division, and Flow Control Division segments.

Read more at: http://pennytobuck.com/?p=16869

China Petroleum & Chemical Corporation (NYSE:SNP) announced its interim results for the six months ended 30 June, 2011. In accordance with the PRC Accounting Standards for Business Enterprises ("ASBE"), in the first half of 2011, the Company's operating income was RMB 1,216.9 billion, up 31.7% from the same period in 2010. Net profit attributable to equity holders of the company was RMB 40.2 billion and basic earnings per share was RMB 0.464, both up 9.4% over the same period of last year.

China Petroleum & Chemical Corporation engages in the exploration, development, production, and marketing of crude oil and natural gas properties primarily in China. It operates 16 oil and gas production fields in China.

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Oceaneering International, Inc. (NYSE:OII) announced that M. Kevin McEvoy, President and Chief Executive Officer, will deliver a presentation at the Barclays Capital CEO Energy-Power Conference hosted in New York, NY on Wednesday, September 7, 2011. The conference slides will be accessible after the close of the market on Friday, September 2, 2011, through the Investor Relations link at Oceaneering's website, www.oceaneering.com.

Oceaneering International, Inc., together with its subsidiaries, provides engineered products and services primarily to the offshore oil and gas industry with a focus on deepwater applications.

Read more at: http://pennytobuck.com/?p=16867

Cleantech Transit Inc. (CLNO)

Cleantech Transit Inc. originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

Some of the advantages of biomass are: 1.Biomass energy produces almost no sulfur emissions, and helps mitigate acid rain; 2. Biomass energy reduces global warming by minimizing atmospheric carbon; 3. Providing additional revenues for the agricultural and forestry sectors and; 4. It is an alternate form of energy and available in huge amount around our society. Scientists are working hard to get more resourceful ways of using biomass energy as it has huge benefits compared to fossil fuels.

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Domino's Pizza (NYSEPZ) announced that it has refranchised 30 company-owned stores in Atlanta to four local owner-operators. The change of ownership took place. "We're primarily a franchise company, and we see strength in our locally-owned operations," said Scott Hinshaw, Domino's Pizza executive vice president of franchise operations and development. "There are terrific, proven operators in Atlanta, and this is an opportunity for them to grow. Local, hands-on leadership is crucial to our success worldwide, and Atlanta is an important market for us. We're looking forward to these great operators taking their expertise and applying it in these stores."

Domino's Pizza, Inc., through its subsidiaries, operates as a pizza delivery company in the United States and internationally. The company sells and delivers pizzas under the Domino's Pizza brand name.

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The Mexico Fund, Inc. (NYSE:MXF) declared a distribution of $0.7920 per share to stockholders of record on October 5, 2011, which is payable in cash on October 20, 2011. Under the Fund's Managed Distribution Plan (MDP), the Fund pays quarterly distributions at an annual rate of 10% of the Fund's net asset value (NAV) per share recorded on the last business day of the previous calendar year. The Board ratified the continuation of the Fund's MDP for fiscal 2011 under the same terms as the prior year. The remaining fiscal year distribution is expected to be made during January 2012. The Board may amend or terminate the MDP at any time without prior notice to stockholders; however, at this time, there are no reasonably foreseeable circumstances that might cause the termination of the MDP.

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Crown Equity Holdings Inc. (CRWE)

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.

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.

Read more at: http://pennytobuck.com/?p=16863

Sara Lee Corp. (NYSE:SLE) announced that its presentation at the Barclay's Back-to-School Consumer Conference in Boston will be broadcast live via the Internet at 11:15 a.m. EDT (10:15 a.m. CDT) on Thursday, Sept. 8, 2011. The live webcast can be accessed at www.saralee.com.

Sara Lee Corporation engages in the manufacture and marketing of a range of branded packaged meat, bakery, and beverage products worldwide.

Read more at: http://pennytobuck.com/?p=16862

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 more at: http://pennytobuck.com/?p=16860

Threshold Pharmaceuticals, Inc. (NASDAQ:THLD) announced that Dr. Barry Selick, Threshold's Chief Executive Officer, is scheduled to present at the Stifel Nicolaus Healthcare Conference in Boston on Friday, September 9, 2011 at 8:35AM EDT. A Live webcast of the presentation will be available under the Webcast section of the Company's Website.

Threshold Pharmaceuticals, Inc., a biotechnology company, engages in the discovery and development of drugs targeting the microenvironment of solid tumors for patients living with cancer.

Read more at: http://pennytobuck.com/?p=16859

Royal Gold, Inc. (NASDAQ:RGLD) has declared its fourth quarter dividend of US$0.11 per share of common stock. The dividend is payable on October 14, 2011 to shareholders of record at the close of business on September 30, 2011. The quarterly dividend of US$0.11 is also payable to holders of exchangeable shares of RG Exchangeco. This dividend is designated as an "eligible dividend" for Canadian tax purposes.

Royal Gold, Inc., together with its subsidiaries, acquires and operates precious metals royalties. The company owns royalty interests in various production, development, evaluation, and exploration stage projects, which explore for gold, silver, copper, lead, and zinc metals.

Read more at: http://pennytobuck.com/?p=16858

Delcath Systems, Inc. (NASDAQCTH) reported top-line results from the metastatic colorectal (adenocarcinoma) cohort of the Phase II clinical trial of the Delcath chemosaturation system with melphalan in the treatment of patients with unresectable liver cancer. The Company also confirmed plans to initiate a new Phase II single-arm study in the second half of 2012. The new study is intended to evaluate the efficacy of Delcath's chemosaturation system and its next-generation high efficiency filter in patients with colorectal cancer that is metastatic to the liver and is refractory to first line systemic chemotherapy.

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Cleantech Transit Inc. (CLNO)

Biomass fuels replace fossil fuel and reduce the severity of forest fires and field burns, they reduce air pollution and the addition of nitrogen and sulfur compounds responsible for acid rain to the atmosphere. As we know, there are several advantages of biomass energy. It will never completely provide out energy needs, but it certainly is a good addition to our energy mix.

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Mediware Information Systems, Inc. (NASDAQ:MEDW) announced that the Company will release the full year and fourth quarter financial results for its 2011 fiscal year on Wednesday, September 7. Mediware representatives, including Thomas Mann, Mediware's president and chief executive officer, will discuss the Company's fourth quarter and annual results for the fiscal year ending June 30, 2011. The Company will host a teleconference at 10:00 am Eastern Time (9:00 am Central Time) that day to present the results. There will be a question-and-answer session directly following the presentation. To access the conference call discussing the company's results, please call (866) 601-3860 (internationally use 706-643-4553). The conference ID for the call is 96973615.

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