PennyOmega.com Stock Report!

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Friday August 28, 2009

PennyOmega.com Stock Report!

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Corners Senior Floating Rate Income Fund II (NYSE:FCT), a closed-end fund managed by First Trust Advisors L.P., announced today that it has commenced an offer to purchase for cash up to 100% of its outstanding Auction Market Preferred Shares (consisting of Series A shares and Series B shares; collectively, the “AMP Shares”) at a price equal to 97% of the liquidation preference of $25,000 per share ($24,250 per share). The offer commenced today and will expire at 5:00 P.M., Eastern time, September 28, 2009, or such later date to which the offer is extended.

A Federal Court has ordered notice

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Earnings estimates for Unisys Corporation (UIS) have moved sharply higher after its recent second-quarter report, in which the company announced earnings per share that easily surpassed the Zacks Consensus Estimate.

< ?DART(15);?> Shares are up more than 7% at the moment, which makes UIS a top-performing Zacks #1 Rank company. Volume is about 15.7 million shares, more than double the daily average of about 5.7 million.

UIS is a worldwide information technology company with a portfolio of IT services, software and technology. It specializes in helping clients secure their operations, increase the efficiency and utilization of their data centers, enhance support to their end users and constituents and modernize their enterprise applications.

Earnings Estimates Soar Higher

At the moment, the Zacks Consensus Estimate for this year and next is 8 cents per share and 20 cents per share, respectively. Those are stark improvements from

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