Corrections Corporation of America (CXW) reported a third quarter profit of 33 cents per share. Results beat the Zacks Consensus Estimate of 32 cents. The company had earned a profit of 33 cents in the year-ago quarter. However, including an unusual income tax benefit of $7.0 million, the company made a profit of $45.3 million or 39 cents a share, compared with $37.9 million 30 cents per share in the year-ago quarter. Corrections Corporation’s revenue increased 5.5% from the prior-year period to $426.0 million. Results were driven primarily by a 4.5% increase in its average daily inmate population and a 1.3% increase in revenue per compensated man-day. Management revenue from state customers increased 6.6% from the prior-year period to $224.9 million. The state revenue increase stemmed from a growth in inmate population from California and Arizona but was partly offset by a fall in inmate ...

Wells Fargo & Company (WFC) rendered a $75 million 3-year committed funding facility to Marlin Receivables Corp., an affiliate of Marlin Business Services Corp. (MRLN). Marlin Receivables intends to use the facility fund its growth, with an aim to extend increased flexible equipment financing options to numerous small and medium-sized businesses nationwide.  Marlin Business and Wells Fargo have had similar commitments in the past as well. The continued relation will benefit Marlin as it will bolster its financing base, thereby readily meeting the needs of many small businesses. Wells Fargo is the fourth largest financial services company in the U.S. (in terms of assets) with $1.3 trillion in assets and over $800 million in deposits.  The company provides retail and wholesale banking, mortgage banking, consumer finance, equipment leasing, insurance brokerage, agricultural finance, securities brokerage, trust, investment banking and other financial services through banking stores, the Internet ...

Macy’s Inc. (M), the operator of department stores, recently reported a 2.4% decline in total sales for the month of September. Total sales for the month were $2,043 million versus $2,093 million posted in the same month last year.   Year-to-date total sales were down 8.5% to $13,948 million from $15,244 million reported in the same period last year.   Online sales, which include macys.com and bloomingdales.com, jumped 14.8% for the month under review, and were up 13.3% year-to-date.   The company’s comparable-store sales for the month of September 2009, dipped 2.3%, whereas year-to-date comps slid 8.2%.   Macy’s department stores sell a wide range of merchandise. Macy’s products include men’s, women’s, and children’s apparel and accessories; cosmetics; home furnishings and other consumer goods.   However, sales at these departmental stores have been falling, as consumers, hit by recession and with less disposable income, focus more on basic ...

AvalonBay Communities, Inc. (AVB), a leading real estate investment trust (REIT), has recently sold its 171-unit apartment complex in Quincy, Massachusetts for $27.2 million to CB Richard Ellis Investors, a global real estate investment management firm.  The apartment complex, called ‘Faxon Park’, is 100 leased and includes various amenities like clubhouse, swimming pool, and playground. The property offers an ideal location for easy commute to Boston and other surrounding communities.  CB Richard intends to upgrade the property and renovate common areas before utilizing it for commercial/residential purposes. AvalonBay’s portfolio has held up better than its peers in an economic downturn due to its assets in infill supply-constrained areas where new apartment construction activity is very limited.  The company has Class A assets located in premium markets, such as Washington DC, New York City, and San Francisco, where the spread between renting and owning is still ...

Dr Stock Pick HOT News & Alerts!

_________________________________________

FREE Daily Stock Alerts From DrStockPick.com

_________________________________________

Friday October 2, 2009

DrStockPick.com Stock Report!

IMCI, GRMN, AQNM, CVS, CSRH, LVLT, CVAT, LMT

**************************************************************

IMCI, Infinite Group Inc., IMCI.OB

IMCI is a world-class IT services and solutions provider serving a range of government and commercial organizations. Headquartered in Pittsford, New York, with offices in the Washington, D.C., metropolitan area and Colorado Springs, Colorado, IMCI is focused on the following, interconnected practice areas: IT Infrastructure Services, Virtualization and Consolidation, Cloud Computing, Project and Program Management, and Business and Technology Integration. IMCI is dedicated to the alignment of business and technology initiatives, and the delivery of superior results.

Donald W. Upson has joined the

...

AutoZone (AZO) reported a 3.1% year-over-year fall in its profit to $236.1 million or $4.43 per share for the fourth quarter of its fiscal year ended August 29, 2009. However, excluding the additional week in last year's fourth quarter results, the profit increased from $227.9 million, or $3.63 per share. The company has also managed to come close to the Zacks Consensus Estimate profit of $4.45 per share. Gross profit as a percentage of sales remained 50.3%, the same as the year-ago level. While gross margin was positively impacted through continued leverage of distribution costs due to improved efficiencies and lower fuel costs, it was offset by a shift in merchandise sales mix to lower margin products. Operating expenses as a percentage of sales increased to 31.6% from 31.4% last year. However, excluding the impact from last year's additional week, operating expenses as a percentage of ...

AvalonBay Communities, Inc. (AVB), a leading real estate investment trust (REIT), has recently offered $500 million of medium-term unsecured notes to reduce its debt. The company has decided to offer the notes in two separate tranches of $250 million each, the first maturing in 2017 and the second in 2020. The coupon rate on the former is 5.7% while that of the latter is 6.1%. AvalonBay intends to raise net proceeds of approximately $495 million from the transactions. The proceeds would be utilized to reduce the debt under its revolving credit facility and refinance some of its outstanding long-term debt securities. AvalonBay also intends to use a part of the proceeds for general corporate purposes. AvalonBay primarily focuses on developing high-quality, multi-family apartment communities for higher-income clients in high barrier-to-entry regions of the U.S. As of June 30, 2009, the company owned or held ownership ...

JoS. A. Bank Clothiers, Inc. (JOSB) has been defying the retail doom and gloom as sales climbed 9.8% year over year in the fiscal second quarter. Analysts expect 5-year sales growth of 16.8%. JOSB has a PEG ratio of just 0.90.

Company Description

JoS. A. Bank sells men's suits, tuxedos, casual clothing, footwear and accessories through 467 stores in 42 states and the District of Columbia and through its web site, www.josbank.com. The company has a 100% money back guarantee on its products.

JoS. A. Bank Surprised on Estimates Again

On Sep 2, JoS. A. Bank continued with its hot streak of surprising on the Zacks Consensus Estimate as earnings per share for the second quarter of fiscal 2009 beat the Zacks Consensus Estimate by 25.93%. EPS rose 42% to 68 cents from 48 cents a year ago. Analysts expected just 54 cents.

The company has experienced earnings growth

...

PennyOmega.com Short Highlights Before the Bell!

PennyOmega.com Short Highlights Before The Bell!

PennyOmega.com Stocks Upgraded, Downgraded and Short Highlights Before the Bell Thursday August 27, 2009

**************************************************************

Vector Group Ltd. (NYSE: VGR) announced today that it is offering $60 million aggregate principal amount of 11% Senior Secured Notes due 2015 (the “Notes”) to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), to persons outside of the United States in compliance with Regulation S under the Securities Act and to a limited number of other institutional accredited investors within the meaning of Rule 501(a)(1), (2), (3) or (7) of the Securities Act. The Notes

...

Hanger Orthopedic Group Inc. (HGR) is expected to grow earnings at 15% over the next five years. The company saw revenues rise 6.8% year over year in the second quarter in a tough economic environment. HGR doesn't just have growth, it also has value. The company trades with a PEG ratio of 0.90.

Company Description

Hanger Orthopedic Group operates 671 patient care centers specializing in orthotics and prosthetics as well as distribution centers in 45 states and the District of Columbia.

The company also operates two other business units, Linkia, which provides network management for the orthotics and prosthetics industry, and Innovative Neurotronics, which provides independent research in neuromuscular technologies.

Revenues Jumped 6.8% Year Over Year

On July 28, Hanger Orthopedic Group surprised on the second quarter Zacks Consensus Estimate by 14.81%. It was the third beat out of the last four quarters.

Earnings per share were

...