Zimmer Holdings, Inc. (ZMH) recently decided to raise $1 billion by selling its senior unsecured notes in an underwritten public offering in two separate transactions. The transactions involve selling $500.0 million of 4.625% notes due 2019 and $500.0 million of 5.75% notes due 2039. The public offering is expected to close on Nov 17, 2009.   Zimmer has already filed an automatic shelf registration statement on Form S-3 with the Securities and Exchange Commission for the public offer. Citigroup Global Markets Inc., a division of Citigroup, Inc. (C); Banc of America Securities LLC, a division of Bank of America Corp. (BAC); and J.P. Morgan Securities Inc., a division of JPMorgan Chase & Co. (JPM) are the active joint book-running managers of the offering. The offer will be made to the public through the prospectus.   The 2019 notes yield 118 basis points above the Treasury ...

Following the closure of its initial public offering (IPO), RailAmerica has started trading under the ticker symbol “RA" on New York Stock Exchange since Tuesday.   RailAmerica, which filed for IPO in late July, had offered 10.5 million primary shares and 11.5 million secondary shares priced at $15 per share last week. It had expected them to price for between $16 and $18. The company intends to use the proceeds of $144 million from issuing 10.5 million primary shares for paying off debt and other corporate purposes.   The shares, which started trading on Tuesday, fell by approximately 8.2%. A number of private equity companies that unloaded their portfolio companies recently have realized gains less than expected.   Rail America is a portfolio company that was bought by Fortress Investment Group in February 2007 for $640 million. Fortress still retains 55.8% of the stock after the IPO. It has ...

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Monday October 12, 2009

DrStockPick.com Stock Report!

AAPL, PWRM, GOOG, CSRH, C, CVAT, INTC, AQNM, IBM

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AAPL, Apple Inc. and GOOG, Google Inc.

AAPL and its wholly owned subsidiaries design, manufacture, and market personal computers, portable digital music players, and mobile communication devices, and sell various related software, services, peripherals, and networking solutions.

GOOG, a technology company, maintains index of Websites and other online content for users, advertisers, Google network members, and other content providers.

Arthur Levinson has resigned from GOOG’s board, averting a potential showdown with government regulators over his overlapping job as a director for computer and gadget maker

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Boston Properties Inc. (BXP), a real estate investment trust (REIT), has recently raised net proceeds of approximately $694 million by selling 5.875% senior unsecured notes due 2019.

The debt offering was managed by Bank of America Securities LLC, the investment banking arm of Bank of America Corp. (BAC), Citigroup Global Markets Inc., the brokerage and securities arm of Citigroup Inc. (C) and Deutsche Bank Securities Inc., the U.S. investment banking and securities arm of the German banking colossus Deutsche Bank AG (DB).

The senior unsecured notes were priced at 99.931% of the principal amount to yield 5.884% to maturity. Boston Properties plan to utilize the proceeds to reduce its huge debt. At the end of the second quarter, the company had about $6 billion in debt maturing by 2015.

Boston Properties develops, redevelops, acquires, manages, operates, and owns a diverse portfolio of Class A office, industrial, and hotel properties

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Thomson Reuters and The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the integration of NASDAQ Market Replay into Thomson Reuters Transaction Analytics, a product suite featuring post-trade best execution analytics, trade exception monitoring and SEC compliance reporting.

UDR, Inc. (NYSE: UDR) today announced that it has established a joint venture with Kuwait Finance House (”KFH”) to invest up to $450 million in multifamily properties located in key, high barrier markets. The partners will contribute equity of $180 million with a 70% contribution by KFH and 30% by UDR for a holding period of up to seven years. Citigroup Global Markets, Inc. assisted in arranging the joint venture.

Northern Abitibi Mining Corp. (”Northern Abitibi”) (TSX VENTURE: NAI) is pleased to provide assay results for drill holes 09VK-22 to 25 from its ongoing exploration program at the Viking gold property in Newfoundland. Drill hole 09VK-23 has intersected one of the widest high grade zones

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DrStockPick.com Stock Report!

Monday August 17, 2009

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Nighthawk Systems, Inc. (OTC BB: NIHK), a leading provider of wireless and IP-based control devices and solutions, announced today that it has voluntarily filed a Form 15 with the United States Securities and Exchange Commission to suspend the Company’s SEC reporting obligations. With the filing of the report, the Company’s obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q and 8-K, is immediately suspended. The Company expects that its common stock will be ineligible for trading on a national exchange or the OTC Bulletin Board within 90 days, unless the filing on Form 15 is subsequently withdrawn and

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DrStockPick.com Stock Report!

Thursday August 6, 2009

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PACCAR’s (Nasdaq:PCAR) Corporate office and its Kenworth Truck Company manufacturing facility in Renton were recently named as leaders in King County, Washington’s 2009 Best Workplaces for Recyclers. “PACCAR is honored to receive this prestigious environmental award,” said Richard Bangert, PACCAR vice president. “PACCAR is a global environmental leader and is committed to waste reduction, the conservation of natural resources and the ongoing protection of the environment. This award recognizes the diligent efforts of our employees to reduce, reuse and recycle. PACCAR’s recycling program is an important facet in its comprehensive environmental framework.” Several PACCAR commercial vehicle facilities have achieved “zero waste to landfill,” which has enhanced

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DrStockPick.com Stock Report!

Wednesday August 5, 2009

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SpongeTech(R) Delivery Systems, Inc. (”SpongeTech(R)”) “The Smarter Sponge(TM)”, (OTCBB: SPNG), announced today that the Company has signed a multi-year partnership agreement with the Tampa Bay Buccaneers. As the team’s newest Pewter Partner, SpongeTech(R) will focus primarily on exclusive marketing opportunities targeting Buccaneer fans across the Tampa Bay area.

Warren Resources, Inc. (Nasdaq:WRES) today announced its 2009 second quarter financial and operating results. The Company reported a net loss of $9.2 million, or $(0.16) per diluted common share, for the second quarter ended June 30, 2009. The second quarter results include a noncash unrealized mark-to-market loss of $9.8 million from oil and gas hedges entered into

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The US consumer confidence index plunged to an all-time low of 38 in October, down sharply from 61.4 in September. Economists surveyed by Bloomberg anticipated a reading of 52.

More from Bloomberg:

The dimming outlook signals consumer spending, which accounts for more than two-thirds of the economy, will deteriorate further, deepening the U.S. slump.

“The economy feels like it is contracting at a rapid pace,” Lewis Alexander, chief economist at Citigroup Global Markets Inc. in New York, said in a Bloomberg Television interview. “It’s clear that consumers have really been affected by the volatility we’ve seen in the last six weeks.”

The report underscores voter discontent with the country’s direction heading into the Nov. 4 presidential election. A majority of voters think Illinois Senator Barack Obama, the Democrat, will be better able to handle the economic turmoil than Republican rival John McCain, according

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A glance at the most recent balance sheet for Starbucks (SBUX) reveals a company with virtually no debt offsetting its $5 billion in assets and $21 billion market valuation. That, however, is now old news. Today the company disclosed a large debt offering in an SEC 8K Filing: