CenturyLink (CTL), formerly CenturyTel Inc, announced third-quarter 2009 results with adjusted (excluding non-recurring items or non-GAAP) earnings per share of 90 cents beating the Zacks Consensus Estimate of 81 cents. Non-recurring items includes integration costs associated with the Embarq acquisition (completed on Jul 1, 2009).  Adjusted net income surged to $269.1 million from $82.8 million registered in the year-ago quarter, driven by the contributions from Embarq. Reported net income (GAAP) of $280.8 million or 94 cents per share, reflects an increase from $84.7 million or 83 cents per share registered a year ago.  Revenue: The company reported operating revenue of $1.87 billion, a significant increase compared to $650 million reported a year ago, fuelled by the Embarq acquisition which contributed $1.3 billion in the quarter. Revenues for voice, network access and data services increased compared to the year-ago quarter.  Subscriber Total access lines at the ...

The Bank of Kentucky Financial Corporation (Nasdaq:BKYF) announced a semi annual cash dividend of $0.28 per common share payable on September 25, 2009 to shareholders of record as of September 11, 2009. The $0.28 per common share dividend equals the previous dividend that was paid in March of 2009.

CenturyLink (CenturyTel, Inc.) (NYSE: CTL) today announced that its Board of Directors voted to declare a quarterly cash dividend of $.70 per share, payable on September 21, 2009, to shareholders of record on September 8, 2009.

Espey Mfg. & Electronics Corp. (NYSE Amex: ESP) announces results for its fiscal year and fourth quarter, both ended June 30, 2009. The fourth quarter results were record highs for any quarter in Espey’s 81-year history. Espey Board of Directors has declared a cash dividend. The regular first quarter dividend for the fiscal year ending June 30, 2010 is $.225 per share. The dividend will be payable

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Friday August 14, 2009

PennyOmega.com Stock Report!

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Mikros Systems Corporation (OTC Bulletin Board: MKRS), announced today the results of operations for the fiscal quarter ended June 30, 2009. The Company reported second quarter revenue of $636,476 and net income of $18,966. Year to date revenue and net income were $1,143,785 and $9,117, respectively.

HP (NYSE:HPQ) today announced it has signed a five-year, $73 million applications and infrastructure technology services agreement with Lansforsakringar to help drive innovation and cost savings for the Sweden-based banking and insurance firm.

Sutron Corporation (NASDAQ: STRN), a leading provider of hydrological, meteorological and oceanic monitoring, warning and control systems, announced today its

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CenturyTel Crosses Final Hurdle to Acquire EmbarqThe Federal Communications Commission (FCC) has reportedly approved CenturyTel Inc.'s (CTL) impending acqusition of Embarq Corp. (EQ), marking the final regulatory clearance required to close the transaction (expected by the end of second quarter of 2009). At the end of May 2009, CenturyTe received regulatory approvals from all 33 U.S. states where the combined entity will operate local services.Additionally, the companies also announced that the new entity will be called CenturyLink and will trade on the New York Stock Exchange under the symbol CTL. The merged entity will represent one the leading rural telecom carriers, with 7.5 million voice access lines and 2.1 million broadband subscribers. In October 2008, CenturyTel announced its proposed consolidation with Embarq Corporation.As per the $11.6 billion deal terms, CenturyTel will acquire Embarq ...

Highlights include Embarq Corp. (EQ), Sprint Nextel Corp. (S) and CenturyTel, Inc. (CTL).Since the early days of Embarq's (EQ) split from Sprint Nextel (S), Zacks telecom analyst David Weissman, CFA had been bearish on the company along with a few other regional telecom operators. In February 2007, he provided an underperform rating when the stock was trading above $55 per share. As of today's open, the stock is valued at $37.30 per share.Embarq, the fourth largest local telephone service provider in the U.S., continues to be challenged with access line losses and erosion of traditional voice revenue, largely resulting in decreasing consolidated sales for full-year 2008.While the company has received shareholder approval for its consolidation with CenturyTel (CTL), under an $11.6 billion merger deal (expected to close in 2Q 2009), it is difficult to predict how consolidation ...

HIDDEN VALUE

Dear Value Seeker,

Last October, Hank Paulson said the Treasury’s capitalization of banks would encourage them to “deploy, not hoard their capital.”

Three months down the line, the verdict is damning.

“Lending drops at big US banks,” reports The Wall Street Journal today.

According to the paper, “Ten of the 13 big beneficiaries of the U.S. Treasury Department’s Troubled Asset Relief Program, or TARP saw their outstanding loan balances decline by a total of about $46 billion, or 1.4%, between the third and fourth quarters of 2008.”

Surprised? You shouldn’t be.

The TARP may have staved off another Lehman Brothers disaster, but was there ever any reason to expect it to prompt higher bank lending?

This from financial blog, Naked Capitalism:

First, there should be less lending, independent of the economic contraction. We know now that TONS

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A significant piece of legislation that is part of President Obama’s stimulus package could open parts of the U.S. to new high-speed Internet services – giving local economies a boost. If so, we’ve identified one company that investors should consider buying in anticipation of a key piece of legislation that was passed last week.

High-speed Internet can exert a profound impact on how local businesses and consumers improve their own personal productivity and expand their entertainment venues. Our thinking here is very much along the lines of our “Cell Phone Indicator” that we use in emerging markets – improved communications boost the local economy.

The House Energy and Commerce Committee approved $6 billion in rules for billions in government funds to spur high-speed Internet networks in unserved and underserved areas.

The Internet funding portion of the stimulus bill — a potential huge boon to phone, cable, and wireless companies – helps fulfill President

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CenturyTel Inc. (CTL) will acquire rival Embarq Corp. (EQ) in an $11.6 billion deal that could kick-start a flurry of mergers among rural-regional telephone carriers. The deal should be good for the two companies, said Jeff Kagan, an independent analyst who is well known for his coverage of the telecom sector.

“There has been a lot of talk recently about Embarq wanting to be acquired,” Kagan told MarketWatch.com. “However, the financial crisis that is on the front page every day made finding a partner difficult. That may have lowered the price Embarq hoped to get. CenturyTel saw an opportunity and jumped in to acquire Embarq. Timing was on CenturyTel’s side in this deal.”

The all-stock deal – announced yesterday (Monday) – calls for CenturyTel to pay $5.8 billion for Embarq, and to assume $5.8 billion of that company’s debt, Network World

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Monday October 27, 2008 Navivest

Telecom services provider CenturyTel Inc. (CTL) announced today that it will acquire EMBARQ Corp. (EQ), in a $5.8 billion deal. If the deal goes through, the combined company would have about 8 million landlines in 33 states.

Under the terms of the agreement, EMBARQ (EQ) shareholders will receive 1.37 CenturyTel (CTL) shares for each share of EMBARQ (EQ) common stock that they own. CenturyTel (CTL) will also assume $5.8 billion of EMBARQ’s (EQ) debt.

With CenturyTel’s (CTL) stock price close of $29.50 on Friday October 24, 2008, this translates into $40.42 in CenturyTel (CTL) stock for each EMBARQ (EQ) share, a 36% premium to EMBARQ’s (EQ) closing price of $29.74 on Friday and 11% over EMBARQ’s (EQ) average closing price over the past thirty trading days.

It is expected that the deal will be accretive to CenturyTel’s (CTL) free cash flow per share in 2010, the first

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Louisiana, unlike any of the other states of the union is made up of Parishes, as opposed to counties. A state of subtropical temperatures, and wild hurricanes is also a land of great riches. Louisiana refines more oil than any other state. Here are some interesting facts about Louisiana:1. Petroleum and natural gas are Louisiana’s number one mined products, and together they account for 90% of the total state mining income.2. Louisiana ranks number one in shrimp production.3. The production of chemical products are one of Louisiana’s top manufacturing industries.4. Sugar cane is Louisiana’s top farm product.5. 19 refineries are located within the state of Louisiana, and together they are responsible for 15% of the total refining capacity of America.6. The state imposes a $0.20 per gallon tax on oil.7. Almost 9,000 people are employed by refineries, ...