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It’s a road-marker in time…eom
NO surprise...or news there. No concern to me.
ARM is one of the last auto parts supliers to receive the EXPECTED NOTIFICATION. LEA AXL TEN etc. already got notification.
2 and a half million shares traded yesterday with a strong close.
Dino
ArvinMeritor Notified by NYSE of Non-Compliance With a Listing Standard
Friday , March 20, 2009 16:30ET
TROY, Mich., March 20 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc. (NYSE: ARM) today announced that on March 17, 2009, the company was notified by the New York Stock Exchange, Inc. (the "NYSE") that it has fallen below NYSE's continued listing standard related to total market capitalization and stockholders' equity. The NYSE requires that the average market capitalization of a listed company not be less than $75 million over a consecutive 30 trading-day period, when, at the same time, stockholders' equity is less than $75 million.
On March 20, 2009, the company notified the NYSE of its intent to cure this deficiency and to submit a plan to the NYSE, within the required 45 day period, to demonstrate its ability to achieve compliance with the continued listing standards. Under NYSE rules, if the NYSE accepts ArvinMeritor's plan, the company has 18 months from the date of the NYSE notice to cure this deficiency before the NYSE initiates suspension and delisting procedures. If the company is not compliant by that date, its common stock will be subject to suspension and delisting by the NYSE.
Under the NYSE rules, ArvinMeritor's common stock will continue to be listed on the NYSE during the cure period, subject to compliance with other NYSE continued listing requirements.
ArvinMeritor's business operations, credit agreement and other debt obligations are not affected by this notification.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6219078
Driveline with 100,000 Miles Lubrication Interval
ArvinMeritor Introduces Meritor MXL(R) Driveline with 100,000 Miles Lubrication Interval
Thursday , March 19, 2009 10:00ET
LOUISVILLE, Ky., March 19 /PRNewswire-FirstCall/ -- ArvinMeritor, Inc (NYSE: ARM) today introduced the Meritor(R) MXL (Meritor Extended Lube), a new series of greaseable drivelines with 100,000-mile lubrication intervals and a three-year, 300,000-mile warranty in linehaul service. The product was designed for truck operators who seek reduced maintenance costs and a longer warranty.
The new driveline - with the same product ratings and application guidelines as the popular Meritor 17N, 176N and 18N series -- was announced here at the Mid-America Trucking Show.
The Meritor MXL will enter production this summer and be available on new trucks or able to retrofit using genuine parts from authorized Meritor aftermarket channels. The new driveline joins the RPL permanently-lubricated driveline in the Meritor family of driveline products for commercial vehicles.
"The MXL combines the simplicity and durability of the proven RN U-joint design with the premium sealing capability of the RPL permanently lubed product," said Joe Plomin, vice president - Truck business unit, ArvinMeritor. "We've set the bar higher for drivelines in terms of performance, ease of maintenance, and warranty coverage - all highly valued by the customers."
Extended Lubrication: A New Standard
An extended lubrication interval reduces maintenance costs and increases truck operators' uptime. At 100,000 miles, the MXL's lubrication interval is twice as long as other conventional, greaseable drivelines. It also aligns with recommended lubrication intervals of other chassis components in linehaul vocations.
With Meritor MXL, extended lubrication intervals become "the new standard in greaseable drivelines. This will help customers more effectively manage routine preventive maintenance and control expenses," offered Plomin.
The main and interaxle slip assemblies combine an advanced nitrile seal to keep contaminants out with a protective guard that resists road debris, increasing slip assembly operating life. The u-joint builds upon the proven high-strength Meritor RN series design. Its needle-bearing package with contoured ends minimize axial (side) loading, and the glass-reinforced nylon thrust washer prevents metal-to-metal contact, all of which result in greater reliability.
Interchangeable Driveline - Greater Flexibility
The MXL's RN Series yoke configurations are compatible with other industry standard yokes, making it completely interchangeable with most greaseable drivelines in linehaul use today. Truck operators may standardize on a single greaseable driveline regardless of vehicle make or model.
The product offering will be available with both easy service and full round yoke designs.
Zacks Analyst Blog is apparently talking about em
Zacks Analyst Blog Highlights: Cypress Biosciences, Forest Labs, ArvinMeritor, Apogee Enterprises and The Macerich Company
Wednesday, March 18, 2009 06:00ET
CHICAGO, Mar 18, 2009 (BUSINESS WIRE) -- Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Cypress Biosciences (NASDAQ: CYPB), Forest Labs (NYSE: FRX), ArvinMeritor (NYSE: ARM), Apogee Enterprises (NASDAQ: APOG) and The Macerich Company (NYSE: MAC).
ArvinMeritor Fair at $1 per Share
ArvinMeritor (NYSE: ARM) has a leading position in most of the markets it serves. The company is undergoing dramatic cost reductions through its profit improvement initiative Performance Plus. It is also expanding geographically and outsourcing to low-cost countries.
http://www.knobias.com/story.htm?eid=3.1.1062de33fa6d3a470278d8895dd2ac40407e7f2a2be1c4de9c2bfe8f3a25cdf7
Still has legs to go. Any news about Arvin getting cash from Government, and ARM is a 4 banger. IMHO
Auto-Parts Makers On A Roll
Ruthie Ackerman, 03.16.09, 07:40 PM EDT
Encouraging words from Washington aid troubled sector.
Stocks of auto suppliers got a much-needed jolt on Monday after an adviser to President Barack Obama's autos task force said he recognizes the need for aid to the ailing firms.
On Monday, Steve Rattner said the task force, which is headed by Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers, will try to avoid bankruptcy for General Motors (nyse: GM - news - people ) and Chrysler. In an interview with the Detroit Free Press, Rattner said that the panel also recognizes that auto suppliers have been left to fend for themselves and the financial stress is a “very, very urgent” issue.
Government aid has been focused on General Motors (nyse: GM - news - people ) and Chrysler, while their parts suppliers have been left in the dust. To head off an expected wave of bankruptcies, suppliers are seeking their own $18.0 billion in federal assistance through a variety of measures designed to boost short-term liquidity. (See “Detroit’s Other Crisis.”)
Last week a report by corporate and restructuring services firm Grant Thornton announced that hundreds of auto-parts suppliers may be at “high risk” for bankruptcy in the next three months because of volume declines. Meanwhile, on Monday, auto parts supplier Dana Holding reported a wider-than-expected sales lossin the fourth quarter, although the industrial products company said it expects its earnings before interest, taxes, depreciation, and amortization to be slightly higher than its 2008 EBITDA of $255.0 million.
Dana Holding (nyse: DAN - news - people ) shares shot up 22.6%, or 7 cents, to 38 cents in afternoon trading. Its shares, however are still down 48.6% this year.ArvinMeritor (nyse: ARM - news - people )'s shares soared 57.4%, or 31 cents, to 85 cents, while American Axle & Manufacturing Holdings (nyse: AXL - news - people ) added 40.5%, or 32 cents, to $1.11.
Dana posted a loss of $256.0 million, or $2.64 per share, in the fourth quarter ended Dec. 31, compared with a loss of $257.0 million, or $1.71 per share, for the same quarter last year. The latest quarter had fewer common shares outstanding, accounting for the difference in the per-share calculation.
Sales tumbled 30.0%, to $1.5 billion, down from $2.2 billion in the prior year, as automakers slashed orders in response to plummeting consumer demand. There is only one analyst that covers Dana, according to Thomson Reuters, and the analyst was looking for sales of $1.7 billion.
The company refused to issue a formal guidance for 2009, but said itexpects 2009 to be more challenging than 2008. “These are unprecedented times that make any projections uncertain,” said Chief Executive John Devine. “We believe we are taking the difficult actions necessary to survive in the current environment and compete over the long term. There can be no assurances, however, if the global economy deteriorates substantially beyond our planning assumptions.”
Yeppers, nice day anyway, aye?
Looks like ARM is pinching. Going to break out from here, with great news from autoindustry of better than expected demand out of europe. IMHO
Can ARM pinch?
Anytime soon?
(good pinch boards …#board-10585 & #board-9737)
Onward Thru The Fog!
Scov
Meritor Suspension Systems Company to Close Coil Spring Operations in Milton, Ontario, Canada
MILTON, Canada, March 5, 2009 /PRNewswire via COMTEX/ -- Meritor Suspension Systems Company (MSSC), a joint venture between ArvinMeritor, Inc. (NYSE: ARM) and Mitsubishi Steel Manufacturing, announced today that it plans to close its coil spring operations in Milton, Ontario, Canada. The company met with union officials of the Canadian Auto Workers Local 1067 today to discuss the closure plans which will impact all 165 employees.
"We are experiencing unprecedented economic pressure within the global automotive industry," said Gerald Anderson, president and general manager, MSSC. "This closure reflects actions we are taking to reduce fixed costs in response to significantly lower vehicle production volumes."
The company is currently evaluating the transfer of this business to other MSSC facilities in North America. The phased closure is anticipated to be complete by the end of 2009.
About MSSC
MSSC is a joint venture between ArvinMeritor and partner Mitsubishi Steel Mfg. Co., Ltd. The joint venture, formed in 1986, produces steel torsion and stabilizer bars and coil springs for the North American passenger car and light truck markets. MSSC has two other manufacturing plants located in Chatham, Ontario, Canada and Hopkinsville, Ky., in the United States. ArvinMeritor owns 57% of the joint venture.
About ArvinMeritor
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company marks its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' ArvinMeritor serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: www.arvinmeritor.com/.
(Logo: http://www.newscom.com/cgi-bin/prnh/20010524/ARVINLOGO)
SOURCE ArvinMeritor, Inc.
URL: http://www.arvinmeritor.com
Would be great if the new contracts are enough to allow us to form a solid base at .51 and higher. Sliding sideways until it is determined whether they will yield profits is better then the previous downward trend.
For short term players .55 is close to the recent bottom of .51 with a short term gain to .73
I like these odds... 2 out of 3
ArvinMeritor Selected as Drivetrain Technology Partner on Two OEM Vehicle Platforms for Major Defense Program
Thursday February 26, 2009, 9:20 am EST
Yahoo! Buzz Print Related:ArvinMeritor Inc.
TROY, Mich., Feb. 26 /PRNewswire-FirstCall/ --ArvinMeritor, Inc. (NYSE: ARM - News) today announced it will be the drivetrain supplier for two of the three prime contractors awarded technology demonstrator contracts for the Joint Light Tactical Vehicle (JLTV) - Lockheed Martin Systems Integration and BAE Systems U.S. Combat Systems.
Related Quotes
Symbol Price Change
ARM 0.67 +0.08
{"s" : "arm","k" : "c10,l10,p20,t10","o" : "","j" : ""} ArvinMeritor has developed advanced technology solutions for the JLTV program that include the Meritor lightweight, high mobility independent suspensions, an integrated all-wheel drive system, a central tire inflation system, semi-active damping, and MeritorWABCO hydraulic braking systems with electronic stability control. With a contract volume valued at approximately $20 billion, the JLTV is the largest military vehicle program expected in the next two decades.
"ArvinMeritor is highly committed to this important effort and intends to make a significant investment in engineering and prototype development to support the JLTV program," said Carsten Reinhardt, president of ArvinMeritor's Commercial Vehicle Systems business. "Our unique capability in developing specialized drivetrain solutions makes ArvinMeritor the right partner to deliver the technology required for this highly advanced, next generation vehicle platform."
ArvinMeritor began working on new products and technologies for the JLTV program in 2006, participating in the Nevada Automotive Test Centers (NATC) Combat Tactical Vehicle Technical Demonstrator program. In that competition, the NATC conducted detailed industry trade studies to assemble a team to build the demonstrator. ArvinMeritor was selected over several competitors to provide a high-wheel travel independent suspension drive axle, pneumatic brake system and electronic stability control.
The JLTV is a joint Army and Marine Corps program being developed to replace the U.S. military's aging fleet of light tactical vehicles. With the technology development contracts, the winning teams take another step forward in the competition. This phase of the program will last for 27 months. At the conclusion of the Technology Demonstration phase, the Army is expected to select two firms for the next phase of the competition, Engineering Manufacturing and Development, before choosing a winner as early as fiscal year 2013 for a production contract.
More than half a century ago, ArvinMeritor began supplying drivetrain components for military fleets. Today, the company provides global systems solutions for a complete range of lightweight to heavyweight tactical wheeled vehicles, armored personnel carriers and wheeled combat vehicles for all types of terrains.
About BAE Systems
BAE Systems is the premier global defense and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With 100,000 employees worldwide, BAE Systems' sales exceeded 15.7 billion pounds Sterling (US $31.4 billion) in 2007.
About Lockheed Martin
Headquartered in Bethesda, Md., Lockheed Martin is a global security company that employs about 146,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2008 sales of $42.7 billion.
Form4 Yesterday
ROTHMEIER STEVEN G
ARVINMERITOR, INC.
2135 WEST MAPLE ROAD
TROY, MI 48084-7186
2/20/2009 67300 Acquired at $.5919
2/19/2009 32700 Acquired at $.69
http://pinksheets.com/edgar/GetFilingHtml?FilingID=6431521
Significant up shift in volume last Friday, 20th …
Date Open High Low Close Volume
23-Feb-09 0.55 0.58 0.52 0.55 2,025,900
20-Feb-09 0.63 0.64 0.51 0.51 12,342,600
19-Feb-09 0.65 0.72 0.63 0.65 1,652,900
18-Feb-09 0.77 0.8 0.58 0.63 1,342,600
17-Feb-09 0.87 0.91 0.73 0.74 1,571,700
13-Feb-09 1.02 1.07 0.85 0.91 1,170,700
12-Feb-09 1.16 1.18 1.01 1.02 1,098,100
11-Feb-09 1.39 1.39 1.16 1.18 907,200
10-Feb-09 1.61 1.65 1.25 1.28 1,689,700
9-Feb-09 1.44 1.72 1.25 1.6 2,945,000
6-Feb-09 1.24 1.52 1.22 1.31 2,352,800
5-Feb-09 1.42 1.49 1.11 1.22 1,447,200
4-Feb-09 2.04 2.04 1.39 1.41 1,456,300
3-Feb-09 1.96 1.96 1.8 1.81 564,900
2-Feb-09 1.74 1.98 1.68 1.88 2,309,600
You are correct redzone....
Patience is required here.
ArvinMeritor, Inc. is a premier global supplier of a broad range of integrated systems, modules and components to the motor vehicle industry. The company marks its centennial anniversary in 2009, celebrating a long history of 'forward thinking.' ArvinMeritor serves commercial truck, trailer and specialty original equipment manufacturers and certain aftermarkets, and light vehicle manufacturers. ArvinMeritor common stock is traded on the New York Stock Exchange under the ticker symbol ARM. For more information, visit the company's Web site at: www.arvinmeritor.com/.
I believe ARM is into more than automotive and has some diversification to weather the storm.
Not in any specifics.
A short look about indicates it’s structure was originally intended for small companies intending to pay all debts and full recovery within a short period of time…3-year max. Thanks for the article.
http://www.wisegeek.com/what-is-chapter-10.htm
The Chapter 10 form of bankruptcy is a relatively recent addition to the types of financial protection that a company may seek from the court system. As part of the US Bankruptcy code, the Chapter 10 allows a small company with financial problems to request court protection while a workable plan is prepared to help the corporation continue to operate and move past the current financial burden. There are some restrictions on the type of business that may apply for Chapter Ten protection, along with well-defined procedures that must be followed in order to satisfy the needs of the court.
In order to qualify for protection under a Chapter 10, a company must present full disclosure of current financial conditions to the court for review. Along with working in cooperation with the courts, the company must also be willing to develop a debt reorganization plan that will allow for the orderly retirement of the current outstanding debt. If the court finds that the company meets the qualifications for a Chapter 10 and that the reorganization plan is workable, the court will grant the protection and a appoint a manager for the plan. The court-appointed manager will serve as an ongoing liaison between the court of jurisdiction and the Debtor Company.
One important point to keep in mind is that the provisions of Chapter 10 protection are geared more toward aiding small businesses rather than huge corporations. To this end, there are limitations on the amount of debt that can be included under the auspices of a Chapter 10 reorganization plan. Generally, the accumulated debt may not be more than $2,500,000.00 in United States dollars. In addition, the plan for reorganization will call for the schedule of payments received by the court to not exceed a period of three years. In the event that the company owes more money or will require a reorganization plan with a duration that exceeds three years, other forms of bankruptcy should be explored.
Anyone ever hear of Chapter 10?
Auto bankruptcy changes offered
2 experts propose 'Chapter 10' to minimize damage
BY JUSTIN HYDE • FREE PRESS WASHINGTON STAFF • February 20, 2009
WASHINGTON -- It's not the kind of new chapter in the history of General Motors Corp. and Chrysler LLC that executives have in mind, but two bankruptcy experts unveiled a plan Thursday for a "Chapter 10" bankruptcy tailor-made for automakers.
While it's just an idea, at least one prominent member of Congress, Rep. Barney Frank, D-Mass., has raised the possibility of changing federal law to allow automakers into bankruptcy while minimizing the damage to the rest of the economy.
"Chapter 11 for a 'too big to fail' company, such as a Big Three automaker, could be disastrous for the country," said George Kuney, a law professor at the University of Tennessee College of Law, and San Francisco bankruptcy attorney Michael St. James, in a paper for the American Bankruptcy Institute Journal.
Their so-called Chapter 10 plan would allow bankrupt automakers to keep paying suppliers for a regular flow of parts. Under current law, an automaker that filed for Chapter 11 would stop paying many bills for months or years, and suppliers have to compete with other creditors for repayment.
"By arbitrarily and unnecessarily putting all accounts payable on hold for months or years -- a mandatory aspect of existing Chapter 11 law -- the bankruptcy filing of one large company would likely result in cascading business failures among its vendors, and the vendors of its vendors," Kuney and St. James wrote.
Their proposal would keep regular payments to employees out of court while leaving other parts of the bankruptcy code unchanged, allowing the automakers to force new contracts with bondholders, dealers, suppliers and unions.
Automakers and several experts have warned that should GM or Chrysler declare bankruptcy, it could trigger a domino effect that would threaten much of the domestic industry, including foreign-owned plants in the United States.
GM and Chrysler told the Obama administration Tuesday that bankruptcy could cost up to $100 billion for GM and $24 billion for Chrysler, money that only the U.S. government could provide. Without it, each said it would have to liquidate.
That has not stopped many outside analysts from suggesting bankruptcy as the right choice, even with the drawbacks including up to 3 million lost jobs. The debate prompted Frank, the chairman of the House Financial Services Committee, to tell a witness during last year's hearings on the auto industry that the problems posed by bankruptcy were not cast in stone.
"You are now before the body that wrote Chapter 11," he said, "and it can rewrite Chapter 11."
You raise a good question imho…
http://www.knobias.com/story.htm?eid=3.1.8057177832ed0cd38df4fa45abe02bba2e53831028018331e4a28e02be755ec7
Standard & Poor's Announces Changes to U.S. Indices
Friday , February 13, 2009 18:59ET
NEW YORK, Feb. 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices:
-- Diamond Offshore Drilling Inc. (NYSE: DO) will replace Weatherford
International Ltd. (NYSE: WFT) in the S&P 500 on a date to be
announced. Weatherford is in the process of redomesticating to
Switzerland, rendering it ineligible for continued inclusion in the
S&P 500.
-- S&P SmallCap 600 constituent Panera Bread Co. (Nasdaq: PNRA) will
replace ArvinMeritor Inc. (NYSE: ARM) in the S&P MidCap 400, and
CommVault Systems Inc. (Nasdaq: CVLT) will replace Panera Bread in the
S&P SmallCap 600 after the close of trading on Friday, February 20.
As of today's close, ArvinMeritor had a market capitalization below
$75 million, ranking it 400th in the index.
-- Iowa Telecommunications Services Inc. (NYSE: IWA) will replace
BankAtlantic Bancorp Inc. (NYSE: BBX), and Almost Family Inc. (Nasdaq:
AFAM) will replace Basset Furniture Industries Inc. (Nasdaq: BSET) in
the S&P SmallCap 600 after the close of trading on Friday, February
20. As of today's close, BankAtlantic and Bassett Furniture had
market capitalizations of approximately $18 million and $21 million
respectively, ranking them 600th and 599th in the index.
Standard & Poor's will monitor these transactions, and post any relevant updates on its website: www.standardandpoors.com.
Diamond Offshore provides contract drilling services to the energy industry, and is also engaged in deepwater drilling. Headquartered in Houston, TX, the company will be added to the S&P 500 GICS (Global Industry Classification Standard) Oil & Gas Drilling Sub-Industry index.
Panera Bread operates retail bakery-cafes. Headquartered in Richmond Heights, MO, the company will be added to the S&P MidCap 400 GICS Restaurants Sub-Industry index.
CommVault Systems is a provider of data management software applications and related services. Headquartered in Oceanport, NJ, the company will be added to the S&P SmallCap 600 GICS Systems Software Sub-Industry index.
Iowa Telecommunications Services is a provider of wireline local exchange telecommunications services to residential and business customers in rural Iowa. Headquartered in Newton, IA, the company will be added to the S&P SmallCap 600 GICS Integrated Telecommunication Services Sub-Industry index.
Almost Family is a provider of home health services. Headquartered in Louisville, KY, the company will be added to the S&P SmallCap 600 GICS Health Care Services Sub-Industry index.
Following is a summary of the changes:
S&P 500 INDEX - TBA
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Diamond Offshore Energy Oil & Gas Drilling
DELETED Weatherford Energy Oil & Gas Equipment
International & Services
S&P MIDCAP 400 INDEX - February 20, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Panera Bread Consumer Discretionary Restaurants
DELETED ArvinMeritor Consumer Discretionary Auto Parts &
Equipment
S&P SMALLCAP 600 INDEX - February 20, 2009
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED CommVault Systems Information Technology Systems Software
Iowa Telecommunication Integrated
Telecommunications Services Telecommunication
Services
Almost Family Health Care Health Care Services
DELETED Panera Bread Consumer Discretionary Restaurants
BankAtlantic Financials Thrifts & Mortgage
Bancorp Finance
Bassett Consumer Discretionary Home Furnishings
Furniture
Additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the companies concerned.
About Standard & Poor's Index Services
Standard & Poor's Index Services, the world's leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Its family of indices includes the S&P 500, an index with $1.5 trillion invested and $4.85 trillion benchmarked, and the S&P Global 1200, a composite index comprised of seven regional and country headline indices. For more information, please visit www.standardandpoors.com/indices.
About Standard & Poor's
Standard & Poor's, a subsidiary of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries and markets, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit http://www.standardandpoors.com.
SOURCE Standard & Poor's
Can anyone answer this?
Is part of the reason for the large volume of 12,342,595 shares traded today because all of ARM shares had to be out of the S&P by todays close Feb. 20th.?
NEW YORK, Feb. 13 /PRNewswire/ -- Standard & Poor's will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices
S&P SmallCap 600 constituent Panera Bread Co. (Nasdaq: PNRA - News) will replace ArvinMeritor Inc. (NYSE: ARM - News) in the S&P MidCap 400, and CommVault Systems Inc. (Nasdaq: CVLT - News) will replace Panera Bread in the S&P SmallCap 600 after THE CLOSE OF TRADING Friday, February 20.
Many stocks at all time or ten year lows, if I liked it at 74 cents I love it here. Bought more at .56.
Auto supplier stocks attractive to buy - analyst
Tue Feb 17, 2009 (Reuters) - Investors betting on a broad economic recovery in the second half should turn to the battered auto suppliers whose stock prices have fallen to "attractive" levels, KeyBanc Capital Markets said on Tuesday.
Auto parts suppliers could see a trough in their share prices in the first half of 2009 as lower global auto production will likely drive quarterly earnings to their lowest levels in years, forcing many companies into bankruptcy, KeyBanc analyst Brett Hoselton said in a research note.
But stepped-up restructuring efforts and a likely stabilization in auto production levels should help earnings in the sector improve beginning in the second quarter, Hoselton said.
The note came as General Motors Corp (GM.N) and Chrysler LLC prepared to submit new survival plans to U.S. officials under the terms of the $17.4 billion government bailout.
Hoselton recommended Autoliv Inc (ALV.N), ArvinMeritor Inc (ARM.N) and Tenneco Inc (TEN.N) among other supplier stocks.
Shares of U.S. auto parts suppliers have slumped over the past year, with U.S. auto sales remaining at their lowest level in decades in the face of tight credit and weak consumer confidence.
This company's chart looks as awful as another company we know.
Nice to see....
17-Feb-2009
Item 8.01. Other Events.
ArvinMeritor, Inc. today repaid in full at stated maturity the outstanding principal amount of approximately $77 million (together with accrued interest thereon) of its 6.8% notes due February 2009.
ArvinMeritor tremendous buying opportunity at 74 cents a share....
Auto supplier stocks attractive to buy - analyst
Tue Feb 17, 2009 (Reuters) - Investors betting on a broad economic recovery in the second half should turn to the battered auto suppliers whose stock prices have fallen to "attractive" levels, KeyBanc Capital Markets said on Tuesday.
Auto parts suppliers could see a trough in their share prices in the first half of 2009 as lower global auto production will likely drive quarterly earnings to their lowest levels in years, forcing many companies into bankruptcy, KeyBanc analyst Brett Hoselton said in a research note.
But stepped-up restructuring efforts and a likely stabilization in auto production levels should help earnings in the sector improve beginning in the second quarter, Hoselton said.
The note came as General Motors Corp (GM.N) and Chrysler LLC prepared to submit new survival plans to U.S. officials under the terms of the $17.4 billion government bailout.
Hoselton recommended Autoliv Inc (ALV.N), ArvinMeritor Inc (ARM.N) and Tenneco Inc (TEN.N) among other supplier stocks.
Shares of U.S. auto parts suppliers have slumped over the past year, with U.S. auto sales remaining at their lowest level in decades in the face of tight credit and weak consumer confidence.
The Dow Jones U.S. automobiles and parts index .DJUSAP tumbled 62 percent in 2008. (Reporting by Soyoung Kim, editing by Matthew Lewis)
© Thomson Reuters 2009 All rights reserved
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