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Could not ask for a better illustration. Looks ready to me.
Much appreciated :)
Hello MTC,
GST, I like this chart-any target?
Hope all is well with you.
Got me some WAVX.
GBE insider purchase.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53879925
GBE-MACD starts to pinch.
Yup-thanks for bringing it to my attention.
In URRE since 0.47....tempted here.
GBE News
Grubb & Ellis Apartment REIT Agrees to Acquire Nine Properties and Property Management Business for $182 Million
10:25a ET August 30, 2010 (PR NewsWire)
Grubb & Ellis Apartment REIT, Inc. today announced that it has entered into definitive agreements totaling $182 million to acquire nine multifamily properties from affiliates of MR Holdings, LLC and substantially all of the assets of Mission Residential Management, LLC, the Mission Residential property management business. The acquisitions are subject to customary closing conditions and the satisfaction of other requirements as detailed in the agreements.
"The proposed acquisitions announced today will be a tremendous step in the growth and evolution of Grubb & Ellis Apartment REIT that will strengthen the company and add significant value for our stockholders," said Stanley "Jay" Olander Jr., chairman and chief executive officer. "We will enjoy greater economies of scale, equity will increase by approximately 18 percent, and the transactions will be immediately accretive to our bottom line earnings, increasing funds from operations and coverage of our investor dividend."
The nine multifamily properties include 2,676 apartment units located in North Carolina, Tennessee and Texas. One of the properties is owned by a limited partnership for which an affiliate of MR Holdings serves as general partner. The other eight properties under contract are owned by Delaware statutory trusts for which affiliates of MR Holdings serve as trustee. Total consideration for the acquisition of the nine properties totals $176.9 million comprised of cash, debt and limited partnership interests in Grubb & Ellis Apartment REIT's operating partnership.
Mission Residential Management is the property manager of 41 multifamily communities, including the nine under contract for purchase, totaling approximately 12,000 apartment units in Georgia, Texas, North Carolina, Tennessee, Utah and Florida. Under terms of the asset purchase agreement, Grubb & Ellis Apartment REIT will acquire substantially all of the assets of Mission Residential, including workforce in place and the assignment and assumption of the property management agreements for all of the Mission Residential properties, for $5.5 million in cash plus the assumption of certain liabilities.
According to Olander, "The acquisition of the Mission Residential property management business will provide immediate fee income to Grubb & Ellis Apartment REIT, provides a platform for the self-management of our entire portfolio, and adds nearly 300 experienced professionals to our talented employee base."
Additionally, Grubb & Ellis Apartment REIT will seek the consent of the respective tenant-in-common owners of six multifamily communities totaling 1,510 apartment units in North Carolina and Texas to acquire these properties. Total consideration for these proposed acquisitions would be $99.5 million, including limited partnership interests in the REIT's operating partnership and assumed debt.
The Grubb & Ellis Apartment REIT portfolio is currently comprised of 14 multifamily properties totaling 3,747 apartment units valued at approximately $358 million, based on purchase price. Should the REIT successfully complete all 15 proposed property acquisitions, its portfolio will total 29 multifamily properties totaling 7,933 apartment units valued at approximately $661.4 million, based on purchase price.
FBR Capital Markets & Co. served as financial advisor to MR Holdings in connection with the transactions, while Wells Fargo Securities / Eastdil Secured served as financial advisor to Grubb & Ellis Apartment REIT.
About Grubb & Ellis Apartment REIT
Grubb & Ellis Apartment REIT, Inc. is a publicly registered, non-traded real estate investment trust that seeks to preserve, protect and return investors' capital contributions, pay regular cash distributions, and realize growth in the value of its investments upon the ultimate sale of such investments. Grubb & Ellis Apartment REIT is seeking to raise up to approximately $1 billion in equity and to acquire a diversified portfolio of apartment communities with stable cash flows and growth potential in select U.S. metropolitan markets. Grubb & Ellis Apartment REIT has acquired a geographically diverse portfolio of 14 apartment properties valued at approximately $358 million, based on purchase price.
Grubb & Ellis Apartment REIT is sponsored by Grubb & Ellis Company (NYSE: GBE). Grubb & Ellis is one of the largest commercial real estate services and investment companies in the world. Our 6,500 professionals in more than 100 company-owned and affiliate offices draw from a unique platform of real estate services, practice groups and investment products to deliver comprehensive, integrated solutions to real estate owners, tenants and investors. The firm's transaction, management, consulting and investment services are supported by highly regarded proprietary market research and extensive local expertise. Through its investment subsidiaries, the company is a leading sponsor of real estate investment programs that provide individuals and institutions the opportunity to invest in a broad range of real estate investment vehicles, including publicly registered non-traded real estate investment trusts (REITs), separate accounts, mutual funds and other real estate investment funds. For more information, visit www.grubb-ellis.com.
The statements contained in this current report that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Actual results may differ materially from those included in the forward-looking statements. The company intends those forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and the company is including this statement for purposes of complying with those safe-harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, intentions and expectations, are generally identifiable by use of the words "expect," "project," "may," "will," "should," "could," "would," "intend," "plan," "propose," "anticipate," "estimate," "believe," "continue," "predict," "potential" or the negative of such terms and other comparable terminology. The company's ability to predict results or the actual effect of future plans or strategies is inherently uncertain.
Factors which could cause actual events in the future to differ from the forward-looking statements contained in this report relating to the proposed transactions described in the report include, but are not limited to: material adverse changes in the business or assets of MR Holdings, Mission Residential Management or their properties; material adverse changes in the business, assets or financial condition of the company that prevent the company from being able to close the proposed transactions; inability of the parties to obtain all consents and approvals that are required to complete the proposed transactions, including lender consents and regulatory approvals; legal or regulatory proceedings that prevent the parties from being able to complete the proposed transactions; or the company's inability to raise sufficient funds to close the transactions.
THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF OFFERS TO BUY ANY SECURITIES DESCRIBED HEREIN. OFFERINGS ARE MADE ONLY BY MEANS OF A PROSPECTUS OR OTHER APPROPRIATE OFFERING MATERIALS.
SOURCE Grubb & Ellis Apartment REIT, Inc.
GBE-consolidated nicely and is coming from "oversold area".
All we need is volume.
URRE is moving.
GBE
moving
Just bought 5600 GBE-looks good.
Trying to buy 5K+
Courtesy of ddt-QTM chart
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=53341268&txt2find=qtm
good mroning AF,
What do you think about QTM?-the 5 DMA is crossing the 10 DMA.
GM AF-chart looks great.
Quantum to Hold Fiscal 2010 Annual Meeting of Stockholders on August 18
1:00p ET August 9, 2010 (Market Wire)
Quantum Corp. (NYSE: QTM), the leading global specialist in backup, recovery and archive, today announced that it will provide telephonic access to its fiscal 2010 Annual Meeting of Stockholders for investors who cannot attend in person. The annual meeting is scheduled for Wednesday, Aug. 18, 2010, at 8:00 a.m. PDT, at the company's headquarters at 1650 Technology Drive, San Jose, Calif.
Quantum will provide live, listen-only telephonic access to the meeting and the question and answer session. To dial in to the meeting, investors should dial (800) 561-2601, and enter the passcode 47613212 when prompted. Individuals accessing the meeting telephonically will not be able to vote, ask questions or otherwise participate in the meeting. A viewer-controlled copy of management's slide presentation will be available on the Investor Events section of the company's website at http://phx.corporate-ir.net/phoenix.zhtml?c=69905&p=proxy.
About Quantum Quantum Corp. (NYSE: QTM) is the leading global storage company specializing in backup, recovery and archive. Combining focused expertise, customer-driven innovation, and platform independence, Quantum provides a comprehensive, integrated range of disk, tape, and software solutions supported by a world-class sales and service organization. This includes the DXi(TM)-Series, the first disk backup solutions to extend the power of data deduplication and replication across the distributed enterprise. As a long-standing and trusted partner, the company works closely with a broad network of resellers, OEMs and other suppliers to meet customers' evolving data protection needs. Quantum Corp., 1650 Technology Drive, Suite 800, San Jose, CA 95110, (408) 944-4000, www.quantum.com.
Quantum and the Quantum logo are registered trademarks of Quantum Corporation. DXi is a trademark of Quantum Corporation. All other trademarks are the property of their respective owners.
Contact:
Brad Cohen
Public Relations
Quantum Corp.
(408) 944-4044
brad.cohen@quantum.com
Christi Lee
Investor Relations
Quantum Corp.
(408) 944-4450
IR@quantum.com
SOURCE: Quantum Corporation
mailto:brad.cohen@quantum.com
mailto:IR@quantum.com
You nailed it as usual ;))
QTM-1.36 finally broke-1.6 next
ALBUQUERQUE, NM--(Marketwire - 08/16/10) - EMCORE Corporation (NASDAQ:EMKR - News), a leading provider of compound semiconductor-based components, subsystems and systems for the fiber optics and solar power markets, today announced that the necessity to complete the compilation and review of its financial statements will result in a delay in filing its Quarterly Report on Form 10-Q for the period ended June 30, 2010. The conference call scheduled for 5:00 p.m. EST on August 16, 2010 will be held as scheduled but will be limited to an update regarding strategic matters and business outlook and will not include a discussion of results for the quarter ended June 30, 2010.
EMCORE is currently reviewing the accounting for certain inventory write-downs and the allowance against a specific account receivable that EMCORE has determined should be recorded. EMCORE is considering the effect and significance of these adjustments with respect to prior periods reported. These issues must be completed in order for EMCORE to be in a position to file its quarterly report. In addition, during the quarter, EMCORE has identified material weaknesses in connection with controls for inventory write-downs and controls for revenue cutoff on transactions in the June 30, 2010 quarter. EMCORE intends to file its quarterly report as soon as reasonably practicable.
For the fourth quarter of fiscal 2010 ending September 30, 2010, the Company expects consolidated revenue to be in the range of $54 to $56 million with increases in both the Photovoltaics and Fiber Optics segments.
Quantum Corp. (QTM) CEO Richard Belluzzo buys 100,000 Shares
CEO of Quantum Corp. (QTM) Richard Belluzzo buys 100,000 shares of QTM on 08/12/2010 at an average price of $1.14 a share.
Quantum Corp. has a market cap of $267.7 million; its shares were traded at around $1.24 with a P/E ratio of 5.9 and P/S ratio of 0.4.
http://www.gurufocus.com/news.php?id=104223
Excellet that is about my averasge 6860 shares.
Loaded QTM-charts looks primed.
This is the part about CNAM by Glen,
"China Armco Metals(CNAM) is a company that has been sinking 10-yard birdie puts and has fallen roughly 75% from 11 to 3. The CEO bought shares at $5. Institutional investors placed at $6.50. You can get it for $4. How's that sound?"
CNAM-I guess we reach your price before or at August 13th.
China Armco Metals Announces Conference Call to Discuss Financial Results for the Second Quarter of 2010 Ended June 30, 2010
9:01a ET August 9, 2010 (Market Wire)
China Armco Metals, Inc. (NYSE Amex: CNAM), a distributor of imported metal ore and metal recycler with a new state of the art scrap metal recycling facility in China, announced today that Kexuan Yao, Chief Executive Officer, Fengtao Wen, Chief Financial Officer, and Lillian Wong, U.S. Representative of China Armco Metals will host a conference call to discuss the Company's financial results for the second quarter of 2010 ended June 30, 2010.
The call information is as follows:
-- Date: August 13, 2010 -- Time: 5:00 p.m. Eastern Daylight Time
-- Dial-in number for US/Canada: (877) 407-9210 -- Dial-In number for international callers: (201) 689-8049 -- Conference ID: 355040
This call is being webcast and can be accessed at http://www.investorcalendar.com/IC/CEPage.asp?ID=160960. The playback of the webcast can be accessed until August 13, 2011. To access the webcast, you will need to have the Windows Media Player on your desktop. For the free download of the Media Player, please visit: http://www.microsoft.com/windows/windowsmedia/en/download/default.asp
About China Armco Metals, Inc.
China Armco Metals, Inc. is engaged in the sale and distribution of metal ore and non-ferrous metals throughout the PRC and has entered the recycling business with the recent launch of operations of a 1-million ton per year shredder and recycler of metals located on 32 acres of land acquired by China Armco. China Armco maintains customers throughout China which includes the fastest growing steel producing mills and foundries in the PRC. Raw materials are supplied from global suppliers in India, Hong Kong, Nigeria, Brazil, Turkey, and the Philippines. China Armco's product lines include ferrous and non-ferrous ore, iron ore, chrome ore, nickel ore, magnesium, copper ore, manganese ore and steel billet. The recycling facility is expected to be capable of recycling one million metric tons of scrap metal per year which will position China Armco as one of the 10 largest recyclers of scrap metal in China. China Armco estimates the recycled metal market in China as 70 million metric tons. For more information about China Armco, please visit http://www.armcometals.com.
Contact:
China Armco Metals, Inc.
Lillian Wong
U.S. Representative
954-363-7333
ir@armcometals.com
SOURCE: China Armco Metals, Inc.
mailto:ir@armcometals.com
Could not say it better matt.
Yahoo message board is ridiculous, to say the least :)
CNAM-4.55 next?
Hello,
Do you think that IFLG will be able to regain compliance with Nasdaq requirements before August 15th?
Thanks
Thank you for reminding me-on close watch.
Good morning,
Solf...$10.63
YGE...$10.99
JASO...$6.21
LDK...$6.77
CSUN...$4.62
SOL...$7.91
Solar stocks will go parabolic tomorrow IMO-Check SOLR after hours.
GT Solar International, Inc. Reports Results for First Quarter Fiscal Year 2011
4:15p ET August 4, 2010 (Business Wire)
GT Solar International, Inc. (NASDAQ: SOLR) ("GT Solar"), a global provider of polysilicon production technology, and sapphire and silicon crystalline growth systems and materials for the solar, LED and other specialty markets, today reported results for its first quarter fiscal year 2011, which ended July 3, 2010. The recently announced acquisition of Crystal Systems, Inc. occurred after the close of this period.
Revenue for the first fiscal quarter totaled $135.2 million, compared with $194.7 million in the fourth fiscal quarter of 2010 and $71.8 million in the first quarter of last fiscal year. Revenue for the first fiscal quarter included $23.7 million in the polysilicon segment and $111.5 million in the Photovoltaic (PV) segment, of which $41.1 million was for turnkey.
Gross profit for the first quarter totaled $45.9 million, or 34.0 percent of revenue, compared to $73.1 million, or 37.5 percent of revenue in the fourth quarter of fiscal year 2010 and $35.0 million, or 48.7 percent of revenue for the first quarter of last fiscal year. This quarter's gross margin percentage was lower than the company's average annual rate due to lower-than-average margins for the turnkey revenue.
Operating margin for the quarter was 20.0 percent of revenue, compared to 28.4 percent of revenue in the fourth quarter of last fiscal year and 21.7 percent in the first quarter of fiscal 2010.
The company had net income of $16.5 million in the first fiscal quarter, versus $33.3 million in the fourth fiscal quarter of 2010 and $7.8 million for the first quarter of last fiscal year. Earnings per share in the first quarter on a fully diluted basis were $0.11, versus $0.23 for the fourth fiscal quarter of 2010 and $0.05 for the first quarter of fiscal 2010.
Cash and short term investments at the end of the first quarter were $276.4 million, compared to $250.7 million at the end of the fourth fiscal quarter of 2010 and $161.4 million for the first quarter of last fiscal year.
As of July 3, 2010, the company's backlog was $1.12 billion, with $519.8 million in the polysilicon segment and $604.1 million in the PV segment. Included in the total backlog was $321.3 million of deferred revenue. Net new orders for the quarter were $352.8 million.
Management Commentary
This board is out of competition :)
GSS breaking out-link back
I like SUTR the most-only the volume makes me hesitant?
Good morning,
GSS trying to break the 50 on the daily MA-on watch. earning next Monday.
Good morning AF ;))))
OT-Your siggy is amazingly beautiful ;)
I am having a great day today with URRE and CNAM
I will be in when it breaks.