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$FIG continues to accumulate $ANDR ... hurting the small shareholder
$FIG what share do you have in $ANDR ?
After three years we are at the same point
Andrea Electronics Secures IP-Backed Financing From Funds Managed By Fortress Investment Group For Patent Licensing And Monet...
Andrea Electronics Corp. (QB) (USOTC:ANDR)
Historical Stock Chart
5 Years : From Apr 2012 to Apr 2017
Click Here for more Andrea Electronics Corp. (QB) Charts.
BOHEMIA, N.Y., Feb. 18, 2014 /PRNewswire/ -- Andrea Electronics Corporation (OTCBB: ANDR), a leading developer of hardware and software microphone technologies, today announced that it has sold a portion of its future intellectual property (IP) revenues for $3 million, and it secured a $4 million credit facility backed by a portion of its IP portfolio from an affiliate of funds managed by Fortress Investment Group, a leading global investment firm with approximately $58 billion in assets.
After 80 years of business, Andrea Electronics Corporation continues to expand. The Company has been innovating and marketing products based on cutting-edge technologies for decades, executing on its vision to provide voice input solutions for customers requiring high quality audio input for speech driven applications. This financing strengthens Andrea Electronics' financial position, enabling it to increase its product marketing, sustain continued research and development, and expand its IP licensing efforts. "We are excited to be backed by a company as illustrious as Fortress and believe this transaction will enable us to maximize the value of our intellectual property for our shareholders," said Douglas J. Andrea, president and chief executive officer of Andrea Electronics.
A summary of the transaction is available in the Company's Report on Form 8-K filed to be filed in connection with the issuance of this release.
An American Innovator
Andrea Electronics is an American-owned business since 1934. In the early 40's, Andrea was one of the very first elite U.S. television manufacturers. In the 60's the company designed the capsule's intercom communication system used in the first manned Mercury space flight and military intercoms for F16 fighter jets and helicopters. Andrea's microphone array and other advanced noise cancellation technologies have been embedded into hundreds of millions of computers and other devices. SuperBeam Stereo Array Microphone headsets and DA-250 digital microphone stand alone solution for OEMs are among the latest innovations from Andrea Electronics.
About Andrea Electronics
Andrea Electronics Corporation designs, develops and manufactures audio technologies and equipment for enhancing applications requiring high performance quality voice input. The company's patented Digital Super Directional Array (DSDA™), patented PureAudio™ and patented EchoStop™ far-field microphone technologies enhance a wide range of audio products to eliminate background noise and ensure the optimum performance of voice applications. Visit Andrea Electronics' website at www.AndreaElectronics.com or call 1-800-442-7787.
About Fortress Investment Group
Fortress Investment Group LLC is a leading, highly diversified global investment firm with approximately $58 billion in assets under management as of September 30, 2013. Founded in 1998, Fortress manages assets on behalf of over 1,500 institutional clients and private investors worldwide across a range of private equity, credit, liquid hedge funds and traditional asset management strategies. Fortress is publicly traded on the New York Stock Exchange (NYSE:FIG). For additional information, please visit www.fortress.com.
This press release contains certain forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties. The Company wishes to caution readers not to place undue reliance on any such forward looking statements, which reflect management's analysis only as the date made. The Company does not undertake any obligation to publicly revise these forward looking statements to reflect events or circumstances that arise after the date of such statements.
Media Contact:
Corisa L. Guiffre
Andrea Electronics, Chief Financial Officer
(631) 719-1800
(800) 707-5779
Suspect Fortress Investment Group $FIG is buying $ANDR common at these fire-sale prices. They posted the cash for the lawsuit against Apple and Samsung and they will participate in the settlement. Why not double-dip and win on both ends if the lawsuit is successful;. Think corret price is 25 cents at this stage and 1.00 if they win the lawsuit. From there its all up to Doug to take us onward and up to ?
https://investorshub.advfn.com/Andrea-Electronics-ANDR-5874/
Fortress Investment beats by $0.08, misses on revs (FIG) :
•Reports Q2 (Jun) earnings of $0.26 per share, $0.08 better than the Capital IQ Consensus of $0.18; revenues fell 24.6% year/year to $232.71 mln vs the $235.83 mln Capital IQ Consensus.
•As of June 30, 2016, AUM totaled $70.2 billion, down slightly from $70.6 billion as of March 31, 2016. Notably, approximately 87% of alternative AUM was in funds with long-term investment structures as of June 30, 2016.
Fortress Reports First Quarter 2016 Results
Increases Base Quarterly Dividend to $0.09 per Share and Announces Special Cash Dividend of $0.11 per Share
NEW YORK--(BUSINESS WIRE)--
Fortress Investment Group LLC (FIG) (“Fortress” or the “Company”) today reported its first quarter 2016 financial results.
FINANCIAL SUMMARY
• Fortress declared a cash dividend of $0.20 per dividend paying share, comprised of a first quarter 2016 base quarterly dividend of $0.09 per dividend paying share and a special cash dividend of $0.11 per dividend paying share
• Announced 13% increase in base quarterly dividend to $0.09 per dividend paying share, effective for the first quarter of 2016
• Management Fee Paying Assets Under Management (“AUM”) of $70.6 billion as of March 31, 2016, flat compared to the previous quarter and an increase of 1% compared to March 31, 2015
• GAAP net loss of $16 million, or a $0.04 loss per diluted Class A share, for the first quarter of 2016, compared to GAAP net income of $87 million, or $0.15 per diluted Class A share, for the first quarter of 2015
• Pre-tax distributable earnings (“DE”) of $64 million, or $0.16 per dividend paying share, for the first quarter of 2016, compared to pre-tax DE of $55 million, or $0.12 per dividend paying share, for the first quarter of 2015
• Net cash and investments of $0.9 billion, or $2.39 per dividend paying share, as of March 31, 2016
• $1.0 billion of gross embedded incentive income across funds and permanent capital vehicles as of March 31, 2016, that has not yet been recognized in DE
• Total uncalled capital, or “dry powder,” of $7.3 billion as of March 31, 2016, including $4.4 billion available for general investment purposes
• In March 2016, completed a modified “Dutch auction” self-tender offer and purchased 4.8 million Class A shares at a purchase price of $4.75 per share, or an aggregate purchase price of $23 million
Siri? Alexa? Google? ANDR ?
By whatever name, the Internet of Things (IoT)* is here to stay, and noise-cancelling, hands-free, voice-operated technologies are a vital and integral feature. According to Wikipedia, “Experts estimate that the IoT will consist of almost 50 billion objects by 2020.”
Although some cite the early 1980s as the beginnings of the IoT, it has existed in science fiction for much longer. In fact, voice-controlled computers have existed in fiction for at least 70 years. The iconic command: “Tea. Earl Grey. Hot.” is familiar to Star Trek fans. Step-by-step, we are nearing the power of ubiquitous, voice-operated, computer connectivity. According to frog design, an extraordinarily innovative company:
“The future of the computer is to essentially make it disappear, so it is part of the environment—
a disconnected interface, so the house or the office or the building or the city is the computer.”
They have created a room that can be controlled by gestures and voice commands.
Putting voice-operated IoT into the hands - or voices! - of consumers, the Amazon Echo, along with the Alexa Fund, is frequently in the news these days. Asking Siri for directions or waking a phone with the words, “OK Google” are part of the everyday experience and put IoT in the hands of mobile users. Innovative individuals are also experimenting with IoT: for a DIY car PC project, Avatar-X used an Andrea Electronics USB-SA Array Microphone with its USB digital audio adapter for its excellent speech recognition capabilities, providing advanced noise cancellation in high-noise environments. As Avatar-X states,
“Touchscreens are great. . . But they still involve taking your eyes off the road, and that's never a good idea, not if you can avoid it. I decided the final step to making my Car PC project a success would be to add voice control.”
Voice-operated IoT applications require advanced audio input technology, in particular speech recognition microphones and noise reduction software. Andrea Electronics’ patented digital, beam forming and noise cancellation signal processing enables accurate far-field speech recognition performance from up to 14 feet away. IoT and Andrea Electronics are a perfect match.
The DA-250 digital noise cancelling DSP module is one of the latest innovations from Andrea Electronics. IoT market applications for the DA-250 digital noise canceling processor include: hands-free communications for consumer use, trucking, and police cruiser applications among others.
How will you use the IoT and Andrea Electronics technology?
*Wikipedia defines the Internet of Things as: “the network of physical objects or "things" embedded with electronics, software, sensors, and network connectivity, which enables these objects to collect and exchange data.”?
Anything new partnership with FIG & ANDR ?
BOHEMIA, N.Y. (February 18, 2014) – Andrea Electronics Corporation (OTCBB: ANDR - News), a leading
developer of hardware and software microphone technologies, today announced that it has sold a portion of its
future intellectual property (IP) revenues for $3 million, and it secured a $4 million credit facility backed by a
portion of its IP portfolio from an affiliate of funds managed by Fortress Investment Group, a leading global
investment firm with approximately $58 billion in assets.
After 80 years of business, Andrea Electronics Corporation continues to expand. The Company has been
innovating and marketing products based on cutting-edge technologies for decades, executing on its vision to
provide voice input solutions for customers requiring high quality audio input for speech driven applications.
This financing strengthens Andrea Electronics’ financial position, enabling it to increase its product marketing,
sustain continued research and development, and expand its IP licensing efforts. . “We are excited to be backed
by a company as illustrious as Fortress and believe this transaction will enable us to maximize the value of our
intellectual property for our shareholders,” said Douglas J. Andrea, president and chief executive officer of
Andrea Electronics.
A summary of the transaction is available in the Company's Report on Form 8-K filed to be filed in connection
with the issuance of this release
Fortress Investment commences a modified 'Dutch auction' self-tender offer to repurchase up to $100 mln Class A shares at $4.25 to $4.75 per share (FIG) : Fortress will use a portion of its cash and cash equivalents on hand to fund the repurchase of shares in the tender offer. The Company's directors and executive officers have informed the Company of their intention not to tender any shares in the tender offer.
Fortress Investment Group's Permanent Capital Vehicle Strategy Has Hit A Snag (12/23/15)
http://seekingalpha.com/article/3773566-fortress-investment-groups-permanent-capital-vehicle-strategy-has-hit-a-snag
oh cmon $FIG its not that serious.. ;) @420k1nvestor
$FIG DD Notes ~ http://www.ddnotesmaker.com/FIG
bullish
$FIG recent news/filings
## source: finance.yahoo.com
Sun, 09 Nov 2014 15:01:39 GMT ~ Macro Funds That Lamented Boring Market Lose in October
read full: http://www.bloomberg.com/news/2014-11-09/macro-funds-that-lamented-boring-market-lose-in-october.html?cmpid=yhoo
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Thu, 06 Nov 2014 14:27:36 GMT ~ FORTRESS INVESTMENT GROUP LLC Files SEC form 8-K, Regulation FD Disclosure
read full: http://biz.yahoo.com/e/141106/fig8-k.html
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Wed, 05 Nov 2014 17:39:03 GMT ~ Prelios, Fortress to buy UniCredit bad debt unit, run it as partners
[Reuters] - "UniCredit has entered in exclusive talks with Prelios and Fortress for the sale of UCCMB, which should be finalised in the near future," the Italian real estate company said on Wednesday, confirming what sources told Reuters last month. "The contract under discussion envisages the creation of a 10-year partnership (between Prelios and Fortress) to manage bad debt (of UCCMB)." UniCredit, Italy's biggest bank by assets, put debt collector unit UCCMB up for sale at the beginning of the year, with the aim of strengthening its balance sheet and freeing up funds for new lending.
read full: http://finance.yahoo.com/news/prelios-fortress-buy-unicredit-bad-173903579.html
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Mon, 03 Nov 2014 17:00:02 GMT ~ Why is Fortress Investment Up Despite Q3 Earnings Miss?
read full: http://finance.yahoo.com/news/why-fortress-investment-despite-q3-170002688.html
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Sun, 02 Nov 2014 00:07:36 GMT ~ 10-Q for Fortress Investment Group LLC
read full: http://www.companyspotlight.com/routers/headline/28765/10004/6405475?cp_code=YAH1&1414886856
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$FIG charts
basic chart ## source: stockcharts.com
basic chart ## source: stockscores.com
big daily chart ## source: stockcharts.com
big weekly chart ## source: stockcharts.com
$FIG company information
## source: otcmarkets.com
Link: http://www.otcmarkets.com/stock/FIG/company-info
Ticker: $FIG
OTC Market Place: Not Available
CIK code: 0001380393
Company name: Fortress Investment Group LLC
Incorporated In: DE, USA
$FIG share structure
## source: otcmarkets.com
Market Value: $1,608,365,467 a/o Nov 14, 2014
Shares Outstanding: 207,799,156 a/o Jul 25, 2014
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$FIG extra dd links
Company name: Fortress Investment Group LLC
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/FIG/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/FIG/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=FIG+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=FIG+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=FIG+Industry
## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/FIG/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/FIG/news - http://finance.yahoo.com/q/h?s=FIG+Headlines
## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/FIG/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/FIG/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/FIG/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/FIG/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/FIG/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/FIG/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/FIG/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/FIG/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=FIG+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/FIG
DTCC (dtcc.com): http://search2.dtcc.com/?q=Fortress+Investment+Group+LLC&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Fortress+Investment+Group+LLC
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Fortress+Investment+Group+LLC&x=0&y=0
## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/FIG/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/FIG
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/FIG/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/FIG/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/FIG/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001380393&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/FIG/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/FIG/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/FIG/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/FIG/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=FIG&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=FIG
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/FIG/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=FIG+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=FIG+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=FIG
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=FIG
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=FIG+Cash+Flow&annual
## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/FIG/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=FIG+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/FIG.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=FIG
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/FIG/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/FIG/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/FIG/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/FIG/insider-transactions
## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/FIG
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/FIG
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/FIG:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=FIG
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=FIG
$FIG DD Notes ~ http://www.ddnotesmaker.com/FIG
7:10 am Fortress Investment misses by $0.04, beats on revs (FIG) : Reports Q3 (Sep) earnings of $0.12 per share, $0.04 worse than the Capital IQ Consensus Estimate of $0.16; revenues rose 73.7% year/year to $403 mln vs the $226.53 mln consensus. As of September 30, 2014, AUM totaled $66.0 billion, up from $63.8 billion as of June 30, 2014. During the third quarter, Fortress recorded $2.2 billion of net client inflows for Logan Circle, had a $0.9 billion increase in invested capital, raised $0.7 billion of capital that was directly added to AUM and had $0.4 billion of market-driven valuation gains.
7:28 am Fortress Investment beats by $0.09, beats on revs (FIG) : Reports Q2 (Jun) earnings of $0.39 per share, $0.09 better than the Capital IQ Consensus Estimate of $0.30; revenues rose 91.5% year/year to $427 mln vs the $217.24 mln consensus.
"Fortress had a terrific second quarter, marked by our second highest distributable earnings since going public, record assets under management, and our largest ever quarterly distribution to shareholders.. Our results reflect the significant impact that Private Equity realizations can have on our earnings and distributions, and we expect realizations activity to continue to trend up in the coming years."
That interest has in FIG Andrea Electronics?
http://ih.advfn.com/p.php?pid=nmona&article=61112737
$FIG I don't think you'll be disappointed. Long-term: FIG will fly!
Bought some today. This stock has a very good rating on ValueEngine so I thought I would grab a few here. See what happens...
I lost some early on with FNMA. FIG has proven to be a solid investment over the past year. I'm certain it will continue to move higher.
I wish. I sold everything for fnma but I'm out of that one too. I'll pick up some more fig next week.
I hope you are still holding. FIG is bound to go higher! IMO
$FIG:
11 November 2013:
Invests $20million in Bitcoin.
"More and more people are getting involved…. There is a fixed supply… prices are going higher…. Inning 3 of a 9 inning game…"
http://blogs.marketwatch.com/thetell/2013/11/11/fortresss-novogratz-says-bitcoin-is-in-inning-3-of-a-9-inning-game/
27 February 2014:
Earnings beats estimates.
The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.20 by $0.29. The company had revenue of $566.00 million for the quarter, compared to the consensus estimate of $256.13 million
http://tickerreport.com/banking-finance/168772/insider-selling-fortress-investment-group-ceo-unloads-720000-shares-of-stock-fig/
13 March 2014
Possible buyout of Penn Gaming
Looks to be a deal on the horizon between Penn Gaming and Fortress Investment Group.
http://www.fool.com/investing/general/2014/03/13/penn-national-gaming-is-a-likely-takeover-target.aspx?source=itxsitmot0000001&lidx=4
19 March 2014
Fortress invests in Pantera Bitcoin partnership.
Doubling down on their Bitcoin bet from 2013.
http://www.foxbusiness.com/investing/2014/03/19/hedge-fund-giant-fortress-doubles-down-on-bitcoin/?
Get in before it's too late!!
Got in on this one at 6.55 and have enjoyed slow growth for a year. Looking for this to begin taking off here soon! $FIG
Doubling down on bitcoin market! It'll be interesting to see how this pans out. $FIG$
http://www.foxbusiness.com/investing/2014/03/19/hedge-fund-giant-fortress-doubles-down-on-bitcoin/
I'm looking fir a 7.60 entry point here...
Bought in this bad boy this week. Anyone else around?
No, but I see what alerted you.. Looks interesting long term maybe.. Missed some upside momo but the news might be getting great.
Are you still in this one?
Wonderful article that includes very important info on FIG!!
http://www.thestreet.com/story/11485700/2/5-stocks-insiders-love-right-now.html
Fortress Investments is FECI's deep-pockets parent
http://www.bizjournals.com/southflorida/news/2012/03/22/fortress-investments-is-fecis-deep.html?ana=yfcpc
Maybe I'm missing something, but this seems way undervalued at under $4 a share!
Investors warm to US leveraged IPOs
By Telis Demos
http://www.ft.com/cms/s/0/37782dd8-7d67-11e1-81a5-00144feab49a.html#axzz1r2WVMGH1
Fortress Insider Gets Bullish with $1.4 Million Buy
http://blogs.barrons.com/stockstowatchtoday/2012/04/02/fortress-insider-gets-bullish-with-1-4-million-buy/?mod=yahoobarrons
Fortress Investment Group: 6 Reasons To Pick Up This $4 Stock Yielding Over 5%
http://seekingalpha.com/article/475991-fortress-investment-group-6-reasons-to-pick-up-this-4-stock-yielding-over-5?source=yahoo
~ Monday! $FIG ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $FIG ~ Earnings expected on Monday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=FIG&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=FIG&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=FIG
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=FIG#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=FIG+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=FIG
Finviz: http://finviz.com/quote.ashx?t=FIG
~ BusyStock: http://busystock.com/i.php?s=FIG&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=FIG >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
FIG is currently in an uptrend.
FIG gained 1.34% on 08/01/11 and a total percentage of 6.56% in the past 3 days
FIG is trading in the range of $4.21 - $5.06 in the past 30 days.
Commodity Channel Index (CCI) is bullish for FIG.
FIG formed a Doji pattern.
Money Flow Index (MFI) is bullish and moving up for FIG.
On Balance Volume (OBV) is bullish and moving up for FIG.
The 10-day simple moving average is bullish and moving up for FIG.
FIG formed a bullish Stochastic Crossover signal.
Average volume increase over 5% for FIG.
Fortress Funds to Purchase American General Finance
Date : 08/11/2010 @ 9:00AM
Source : Business Wire
Stock : Fortress Investment Group LLC & American International Group, In (FIG)
Quote : 4.09 -0.1 (-2.39%) @ 9:34AM
Fortress Funds to Purchase American General Finance
Fortress Investment Grp. Llc (NYSE:FIG)
Intraday Stock Chart
Today : Wednesday 11 August 2010
American International Group, Inc. (NYSE: AIG) and Fortress Investment Group LLC (NYSE: FIG) announced today a definitive agreement whereby certain Fortress managed funds and affiliates will acquire 80% of American General Finance Inc. (AGF), a leading provider of consumer credit, from AIG. AIG will retain a 20% interest in the AGF business. Terms of the transaction were not disclosed. The transaction is expected to close by the end of the first quarter of 2011 subject to regulatory approvals and customary closing conditions.
Founded in 1920, AGF provides loans, retail financing and other credit related products to more than a million families across the U.S., Puerto Rico, the Virgin Islands, and the United Kingdom. AGF specializes in providing financing solutions for consumers across America, with products and services including bill consolidation loans, home equity loans, personal loans, home improvement loans, and loans to help consumers manage unexpected expenses.
“AGF is an exceptional franchise with a strong management team and a leading platform for serving the financing needs of consumers nationwide,” said Wesley R. Edens, Co-Chairman and founder of Fortress Investment Group. “We believe that AGF is well-positioned for significant growth in an underserved market.”
“This transaction marks another important step in our ongoing restructuring process as we seek to monetize non-core assets and pay back U.S. taxpayers,” said Robert H. Benmosche, AIG President and Chief Executive Officer. “In Fortress, we have found an excellent partner for this terrific franchise. We believe in AGF’s solid business model, which is why we are retaining a 20% percent stake in the business as part of this transaction.”
As a result of the transaction, AGF, which has assets of approximately $20 billion and liabilities of approximately $18 billion, including $17 billion of debt, will be deconsolidated from AIG’s financial statements.
About AIG
American International Group, Inc. (AIG) is a leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services around the world. AIG common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo. For more information, visit www.aig.com.
About American General Finance
American General Finance (AGF) is a leading provider of consumer credit based in Evansville, Indiana. AGF finances mortgages, secured and unsecured personal loans and secured retail sales finance products. In addition to its lending activities, AGF offers credit and non-credit insurance. AGF has over one million customers and originates loans through its more than 1,100 branches located across the U.S., Puerto Rico and the Virgin Islands. For more information, visit www.agfinance.com.
About Fortress
Fortress is a leading global investment manager with approximately $41.7 billion in assets under management as of June 30, 2010. Fortress offers alternative and traditional investment products and was founded in 1998. For more information regarding Fortress Investment Group LLC or to be added to our e-mail distribution list, please visit www.fortress.com.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not historical facts, but instead represent only the Company’s beliefs regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that such events may differ, possibly materially, from these forward-looking statements, and any such differences could cause future events to differ materially from the results expressed or implied by these forward-looking statements. In addition, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Accordingly, you should not place undue reliance on any forward-looking statements contained in this press release. The Company can give no assurance that the expectations of any forward-looking statement will be obtained. Such forward-looking statements speak only as of the date of this press release. The Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any statement is based.
Fortress to Release Second Quarter Results on August 5, 2010
5:56 PM ET 7/20/10 | BusinessWire
Fortress Investment Group LLC (NYSE: FIG) announced today that it will release its second quarter results for the period ended June 30, 2010 on August 5, 2010 at approximately 6:00 a.m. (Eastern Time).
In addition, management will host a conference call on Thursday, August 5 at 8:00 a.m. A copy of the earnings release will be available through the Investor Relations section of Fortress's website www.fortress.com.
All interested parties are welcome to participate on the live call. The conference call may be accessed by dialing 1-877-252-8576 (from within the U.S.) or 1-706-679-1521 (from outside of the U.S.) ten minutes prior to the scheduled start of the call; please reference "Fortress Second Quarter Earnings Call."
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.fortress.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast.
A telephonic replay of the conference call will also be available until 11:59 p.m. on Thursday, August 12, 2010 by dialing 1-800-642-1687 (from within the U.S.) or 1-706-645-9291 (from outside of the U.S.); please reference access code "89300732."
About Fortress
Fortress is a leading global investment manager founded in 1998. Fortress offers alternative and traditional investment products. For more information regarding Fortress Investment Group LLC or to be added to our e-mail distribution list, please visit www.fortress.com.
SOURCE: Fortress Investment Group LLC
Fortress Investment Group LLC
Investor:
Lilly H. Donohue, 212-798-6118
or
Media:
Gordon E. Runte, 212-798-6082
4 is about-what it is now
Should I buy some, or will it go lower?
Fortress Investment Group Q3 Loss Widens On Lower Revenues - Update
Friday November 06, 2009 11:04:00 EST
(RTTNews) - Friday, investment management firm Fortress Investment Group LLC (FIG) reported wider third quarter loss, as revenues dipped from last year.
New York City-based Fortress posted a third-quarter GAAP net loss attributable to Class A Shareholders of $58.6 million, wider than $57.44 million a year ago. The loss, on a per share basis, narrowed to $0.43 from $0.66 a year ago on higher share count.
On average, six analysts polled by Thomson Reuters expected earnings of $0.09 per share for the quarter. Analysts' estimate typically excludes one-time items.
Pre-tax distributable earnings for the third quarter was $57 million or $0.11 per dividend paying share/unit, versus a loss of $20 million for the third quarter of 2008.
Quarterly revenues declined to $143.68 million from $185.14 million in the comparable period. Five analysts estimated revenues of $123.15 million for the quarter.
Management fees from affiliates decreased to $106.93 million from $154.27 million in the prior year quarter.
The private equity segments accounted for approximately 38% of total segment revenues, the liquid hedge funds segment accounted for approximately 23% of total segment revenues and the hybrid funds segments accounted for approximately 39% of total segment revenues.
Segment expenses were $67 million in the quarter down from $90 million a year ago.
The company indicated that it managed $32 billion of assets in private equity funds, liquid hedge funds and hybrid funds as of September 30, 2009.
Year-to-date, the company reported net loss attributable to class A shareholders of $170.35 million or $1.53 per share, narrower than $181.91 million or $1.97 per share in the corresponding period last year. Total revenues declined to $405.07 million from $574.11 million for the year ago nine-month period.
FIG is trading at $4.44, down $0.13 or 2.84%, on a volume of about 768 thousand shares.
Still looking great, made ALOT of money here!!
How does one contact you? why not post your list? Here is another one AHR - ANTHRACITE CAPITAL INC
my favourite is still on valuation is EDV.TO
mpg kfn are 2 you can look at
Yes there are many other companies similar to FIG. Especially smaller ones. If you would like to contact me privately in order to find out the names of these companies, please feel free to do so.
Fortress is so large. Are there any other smaller stocks such as FIG that are in a lower price range?
More->Good News today!...Fortress Approved to Manage D.B. Zwirn & Co. Funds
NEW YORK, June 1 /PRNewswire-FirstCall/ -- Fortress Investment Group LLC (NYSE: FIG - News) today announced that the Company has replaced D.B. Zwirn & Co., L.P. as the manager of D.B. Zwirn's funds and accounts. These funds will be renamed the Fortress Value Recovery Funds I. The transaction, which is estimated to add approximately $2 billion of assets under management to Fortress, was approved by D.B. Zwirn investors and closed today.
Certain members of D.B. Zwirn's management team and approximately 100 of its professionals have joined Fortress or will be providing services to the Company.
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Fortress offers a range of alternative and traditional investment strategies for institutional and private investors around the world.
Founded in 1998, the Company seeks to provide its investors with superior risk-adjusted returns in a management structure that closely aligns the interests of investors and managers.
Asset-Based: Fortress businesses, across its private equity funds and credit funds specialize in asset-based investing, and bring to bear significant experience in investing broadly and deeply in a diverse set of asset types. Fortress's expertise extends to pricing, owning, financing and overseeing the management of physical and financial assets ranging from real estate and capital assets to financial assets secured by diversified long-term cash flows.
Industry Knowledge: Fortress has deep knowledge of the industries in which it invests. In the course of executing investments and operating portfolio companies, Fortress has developed a team of investment professionals with significant sector-specific expertise and relationships with leading companies, institutions and individuals worldwide.
Operations Management: Fortress has refined a set of tools for assessing operational, structural and strategic challenges. These tools allow Fortress to engage in and extract value from complex investments.
Corporate Mergers and Acquisitions: Our experience in corporate mergers and acquisitions enables us to work with corporate boards of directors, management and various stakeholders in order to determine optimal structuring and execution of an investment.
Capital Markets: Fortress has considerable capital markets expertise, and has expertise in securing low-cost, low-risk financing for its investments by accessing the debt and equity capital markets.
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TrendSpotter | Sell | ||||||||||
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7 Day Average Directional Indicator | Sell | ||||||||||
10 - 8 Day Moving Average Hilo Channel | Hold | ||||||||||
20 Day Moving Average vs Price | Sell | ||||||||||
20 - 50 Day MACD Oscillator | Sell | ||||||||||
20 Day Bollinger Bands® | Hold | ||||||||||
Short Term Indicators Average: 60% Sell | |||||||||||
20-Day Average Volume - 2,805,443 | |||||||||||
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40 Day Commodity Channel Index | Hold | ||||||||||
50 Day Moving Average vs Price | Sell | ||||||||||
20 - 100 Day MACD Oscillator | Buy | ||||||||||
50 Day Parabolic Time/Price | Sell | ||||||||||
Medium Term Indicators Average: 25% Sell | |||||||||||
50-Day Average Volume - 2,102,821 | |||||||||||
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60 Day Commodity Channel Index | Sell | ||||||||||
100 Day Moving Average vs Price | Sell | ||||||||||
50 - 100 Day MACD Oscillator | Buy | ||||||||||
Long Term Indicators Average: 33% Sell | |||||||||||
100-Day Average Volume - 1,744,535 | |||||||||||
Overall Average: 48% Sell | |||||||||||
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