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Nice close... AH even better :)
Over 12! Not too bad of a show, huh? :)
39% gain in net revenue… pretty impressive. The diversification of their revenue stream obviously worked :)
Nice news :)
AsiaInfo Reports Fourth Quarter and Full-year 2008 Results
Wednesday February 11, 4:00 pm ET
BEIJING and SANTA CLARA, Calif., Feb. 11 /PRNewswire-Asia-FirstCall/ --
- Fourth quarter 2008 total revenue grows 31.7% year over year; full-year total revenue grows 32.2% year over year
- Meeting guidance, fourth quarter 2008 net revenue (Non-GAAP)(1) grows 45.4% year over year; full-year net revenue (Non-GAAP) grows 38.5% year over year
- Fourth quarter 2008 operating profit grows 55.1% year over year; full-year operating profit grows 50.6% year over year
(1) Net revenue (Non-GAAP), a non-GAAP measure, represents total revenue net of third-party hardware costs. A reconciliation of net revenue (Non-GAAP) to GAAP revenue is provided at the end of this press release.
http://biz.yahoo.com/prnews/090211/cnw019.html?.v=46
My heart goes out to the little baby. My deepest condolences and sympathy to the Howery family.
If I'm not too late, I'll take:
- Pittsburg 33 Arizona 20
Thanks :)
Padre, give a call to Moskowitz (212-695-7850 X210). He’s quite generous w/ his time. Ask him about the current structure and the AH repositioning of the inventory. Also, mention about the info in the iBox. He’ll give you his take on it. Then you decide if this is a good investment. Why depend on the “mega-posters”?
What’s the honorable thing… resign because his posts don’t have the same flavor as yours? What’s wrong w/ a mod that tells it like it is? No one on this board is 100% sure about the future but the current status looks like crap.
OG, do stay (as a mod) so you can provide a balance to this board.
I like this one too :)
Nice gain w/ the upgrade by Goldman Sach - their target = $15.
With the refi news, $5 looks plausible.
It'll be fun :)
Cute :)
I'll say it w/ you...weeeeee! :)
L2 looks pretty.
Me too, Iron :)
Been waiting :)
Financing done - I think so too :) Without financial leverage, I don't believe Ordan would be giving away anything. Looking forward to a solid uptrend in 2009 with positive ROE.
Sounds good :)
Agreed. Waiting on news.
Good evening Soapy. Could you help me and annotate the following: DIA, QQQQ, SPY. Thanks.
Flipped today :)
Thanks again Pennies :)
Thank you and welcome back :)
Perfect! Thank you Pennies :)
Agreed - waiting to rebuy.
Nice close on .27 HOD :)
The feeling is mutual… Well, you know that ;;) Thanks for letting me "drag" you here :) Looks like we did quite well.
Rule 4: Soapy is the Mod.
Rule 3: When Soapy shows up, you know it’s a good one.
Corporate News:
Sunrise Receives Proceeds from Venture Refinancing
MCLEAN, Va., Dec. 5 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced the receipt of approximately $8.3 million of proceeds resulting from the refinancing of the existing debt of one of its joint ventures.
As disclosed yesterday by Ventas, Inc., a venture owned 85 percent by Ventas and 15 percent by Sunrise closed eight first-mortgage loans with Freddie Mac, secured by eight senior housing communities managed by Sunrise, aggregating $126 million. Proceeds of the new $126 million Freddie Mac loan were used to repay in full $71 million of existing debt of the venture which was secured by the same eight assisted living communities and was scheduled to mature in mid-2009. The balance of the new loan proceeds was distributed pro-rata to Ventas and Sunrise, with Sunrise's portion totaling approximately $8.3 million.
"We are pleased that Freddie Mac recognized the strength of this portfolio of our core management product in this difficult economic environment," said Mark Ordan, Sunrise's chief executive officer.
On a preliminary basis, Sunrise expects to recognize approximately $8.3 million in equity in earnings as a result of this transaction in the fourth quarter.
About Sunrise Senior Living
Sunrise Senior Living, a McLean, Va.-based company, employs approximately 40,000 people. As of September 30, 2008, Sunrise operated 448 communities in the United States, Canada, Germany and the United Kingdom, with a combined capacity for approximately 55,000 residents. At quarter end, Sunrise also had 34 communities under construction in these countries with a combined capacity for 4,277 additional residents. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer's and other forms of memory loss, as well as nursing, rehabilitative and hospice care. Sunrise's senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. To learn more about Sunrise, please visit http://www.sunriseseniorliving.com.
Forward-Looking Statements
Certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although Sunrise believes the expectations reflected in such forward- looking statements are based on reasonable assumptions, there can be no assurances that its expectations will be realized. Sunrise's actual results could differ materially from those anticipated in these forward- looking statements as a result of various factors, including, but not limited to, the Company's ability to obtain a covenant waiver or further modification of its Bank Credit Facility; the Company's ability to refinance its Bank Credit Facility and other debt due in 2009 and/or raise funds from other capital sources; the Company's ability to achieve the anticipated savings from the Company's cost-savings program; the outcome of the SEC's investigation; the outcomes of pending putative class action and derivative litigation; the outcome of the Trinity OIG investigation and qui tam proceeding; the outcome of the IRS audit of the Company's tax return for the tax year ended December 31, 2006 and employment tax returns for 2004, 2005 and 2006; the status of the exploration of strategic alternatives; the Company's ability to continue to recognize income from refinancings and sales of communities by ventures; risk of changes in the Company's critical accounting estimates; risk of further write-downs or impairments of the Company's assets; risk of future fundings of guarantees and other support arrangements to some of the Company's ventures, lenders to the ventures or third party owners; risk of declining occupancies in existing communities or slower than expected leasing of new communities; risk resulting from any international expansion; risk associated with any new service offerings; development and construction risks; risks associated with past or any future acquisition; compliance with government regulations; risk of new legislation or regulatory developments; business conditions; competition; changes in interest rates; unanticipated expenses; market factors that could affect the value of the Company's properties; the risks of further downturns in general economic conditions; availability of financing for development; and other risks detailed in the Company's amended 2007 Annual Report on Form 10-K filed with the SEC, as may be amended or supplemented in the Company's Form 10-Q filings. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events.
SOURCE Sunrise Senior Living, Inc.
-0- 12/05/2008
/CONTACT: Media: Meghan Lublin, +1-703-854-0299, or Investors: Aaron
Deyerle, +1-703-854-0285, both of Sunrise Senior Living, Inc./
/Web site: http://www.sunriseseniorliving.com /
(SRZ)
CO: Sunrise Senior Living, Inc.; Ventas, Inc.
ST: Virginia
IN: HEA
SU: FNC
AM-JA
-- NEF042 --
6176 12/05/2008 15:15 EST http://www.prnewswire.com
http://phx.corporate-ir.net/phoenix.zhtml?c=115860&p=irol-newsArticle&ID=1233192&highlight=
Ventas Closes $126 Million of Secured Financing
http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20081204006286&newsLang=en
True...top funds are still intact but I can’t see those short/long projections…yet. Ordan needs to work on the -ROA.
Fair enough :)
If the fin comes through, you'll take Boo's offer? :)
TJG, your point is clear: make money off of the “STOCK” at this juncture and stop wasting time on discussing how TS screwed up…that’s given. Thanks :)
Misty
Looking for above $1 on increased volume post higher lows pattern. Drop on Monday/Tuesday?
Agree - been waiting :)