DrStockPick.com Stock Report!
Monday July 20, 2009
Weis Markets, Inc. (NYSE: WMK) today reported an 18.5% increase in its second quarter net income as compared to the same period a year ago while its basic and diluted earnings per share increased $.08 to $.56 per share.
Lindsay Corporation (NYSE: LNN), a leading provider of irrigation systems and infrastructure products, announced today that its Board of Directors has declared a 7 percent increase in its regular quarterly cash dividend to $0.08 per share, payable August 31, 2009, to shareholders of record on August 17, 2009. The regular quarterly cash dividend was previously $0.075 per share. The new annual indicated rate is $0.32 per share, up from the previous annual indicated rate of $0.30 per share.
Options trading was brisk on QUALCOMM, Inc. (NASDAQ: QCOM) on Friday, as more than 118,400 contracts changed hands, according to WhatsTrading.com. This volume is nearly three times the equity’s average daily trading volume of 40,095 contracts. Furthermore, approximately 62% of the volume traded on the call side.
In connection with the announcement by YRC Worldwide Inc. (NASDAQ:YRCW) that its advisors had initiated preliminary discussions with, among others, certain holders of its 8.5% Notes due 2010 (CUSIP No. 916906AB6) (Bloomberg ticker YRCW), a large holder involved in such discussions is forming a group and has engaged Bracewell & Giuliani LLP for legal advice. Other holders of the 8.5% Notes who are interested in participating in the discussions should contact Evan Flaschen at Bracewell & Giuliani LLP, 860.256.8537.
Dynegy Inc. (NYSE:DYN) today announced that it plans to report second quarter 2009 financial results before the opening of the New York Stock Exchange on Monday, August 10, 2009. In connection with the announcement, Dynegy Chairman, President and Chief Executive Officer Bruce A. Williamson and members of the company’s senior management team will discuss second quarter results during an investor presentation to be web cast live beginning at 8 a.m. ET/7 a.m. CT on August 10.
China Cablecom Holdings, Ltd. (Nasdaq: CABL) (Nasdaq: CABLW) (Nasdaq: CABLU), announced that the Company has approved an internal transfer of funds in the amount of RMB 65 million from Heze Cablecom Network Technology Company Ltd., a subsidiary of China Cablecom, to an account maintained by Jinan Youxiantong Network Technology Co., Ltd. and controlled by China Cablecom’s management team.
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