- never look down on anybody unless your helping them up!
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News for 'TGIC' - (Triad Guaranty reports Q4 net income)
Feb 18, 2011 (Datamonitor via COMTEX) -- Triad Guaranty Inc. has reported a net income of $26.77 million, or $1.76 per diluted share, for the fourth quarter ended December 31, 2010, compared to a net loss of $79.14 million, or $5.26 perdiluted share, for the fourth quarter ended December 31, 2009.
Total revenues for the fourth quarter of 2010 were $48.69 million, compared to $57.81 million, for the fourth quarter of 2009.
Net income for the year ended December 31, 2010 was $132.09 million, or $8.72 per diluted share, compared to a net loss of $595.63 million, or $39.7 per diluted share, for the year ended December 31, 2009.
Total revenues for the year 2010 were $254.73 million, compared to $237.81 million, for the year 2009.
Ken Jones, President and CEO, said, "The same improvements we saw earlier in the year continued into the fourth quarter. We continued to experience a decline in the amount of risk in default that contributed to the sixth consecutive quarter
of reserve decreases. Net reserves decreased by $130.0 million during the 2010 fourth quarter, of which approximately 25% of the decrease was attributable to a change in the frequency factors! utilized in our reserve assumptions.
"Persistency, the key dri ver of our earned premiums, remained at elevated levels compared to historical norms. While there were macro-level improvements in 2010 that benefited our financial position, we remain cautious about the outlook for the US economy in 2011 due to the slow pace of the recovery, lingering high
unemployment rates and depressed home prices."
News for 'LGBS' - (Legends Business Group Negotiates With Grant Specialists Group)
MIAMI BEACH, Fla., Feb 15, 2011 (PR Newswire Europe via COMTEX) --Legends Business Group announces that it has begun to negotiate with a grant specialist group to assist the company in locating additional outlets for its alternative energy research.
Mr. Rolando Sablon, President of Legends Business Group, states, "By engaging an outside group to locate and apply for various grant proposals, it will free up our company to peruse more business-centered ventures. These endeavors entail
our acquisition of a Florida based engineering firm, the various power challenge submissions, as well as other upcoming projects."
About Legends Business Group
Legends Business Group, Inc., was incorporated in March 2006, and is a publicly traded company. The company has recently refocused its purpose and has moved itself into the alternative and exotic energy marketplace. For more information
please visit: http://www.legendspower.com.
hey lizzy - we need some winners for our list:)
* News for 'LGBS' - (Legends Business Group Enters Into Agreement With Electrical Engineering Firm)
MIAMI BEACH, Fla., Feb. 9, 2011 /PRNewswire via COMTEX/ -- Legends Business
Group (Pink Sheets: LGBS) announced today that it has entered into a
Non-Disclosure agreement in connection with the pos! sible acquisition of a
Florida based engineering firm that designs and manufactures electronics for a
major amusement park in Florida and California.
"This engineering firm specializes in both analog and digital engineering
solutions, including robotics, for its customers. The agreement is a step
forward for Legends Business Group in the research and development of existing
solar energy and wind power designs with the goal of enhancing the efficiency
within these types of technologies," stated Rolando Sablon, President, Legends
Business Group.
About Legends Business Group
Legends Business Group, Inc., was incorporated in March 2006, and is a publicly
traded company. The company has recently refocused its purpose and has moved
itself into the alternative and exotic energy marketplace. For more information
please visit: http://www.legendspower.com.
morning - Smart Scan Chart Analysis confirms that a strong uptrend is in place and that the market remains positive longer term. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.
Based on a pre-defined weighted trend formula for chart analysis, PRMO scored +100 on a scale from -100 (strong downtrend) to +100 (strong uptrend)