Simon Property Group Inc. (SPG), the largest publicly traded retail real estate company in North America, has recently signed a deal to acquire the outlet shopping center business of Prime Outlets Acquisition Co., one of the largest developers of outlet centers in the U.S. The deal valued at $2.35 billion includes the assumption of Prime Outlet’s existing debt and preferred stock. Under the terms of the agreement, Simon will pay about $700 million for the owners' interests in the shopping centers, out of which 80% will be paid in cash and 20% in common operating partnership units. The price of the partnership units will be based on a 10-day trading average of Simon common stock shortly before closing. New Jersey-based Prime Outlets is a leading owner, operator and developer of outlet shopping centers in the U.S., with a portfolio of 22 outlet centers in prime locations ...

Lamar Advertising Company (LAMR) has announced decent operating results for the third quarter ended Sep 30, 2009. Lamar reported net revenues of $271.8 million for the third quarter of 2009 versus $312.5 million for the third quarter of 2008, a 13.0% decrease.  Operating income for the quarter was $39.3 million compared to $53.2 million for the same period in 2008. There was a net loss of $4.8 million for the third quarter of 2009 compared to net income of $1.8 million for the third quarter of 2008.  Adjusted EBITDA was $122.5 million versus $134.5 million for the third quarter of 2008, an 8.9% decrease. Free cash flow was $83.0 million compared to $42.9 million for the same period in 2008, a 93.4% increase.  Lamar is a leading owner and operator of outdoor advertising and logo sign displays. Lamar has grown its localized billboard advertising business through ...

DrStockPick.com Stock Report!

Thursday August 20, 2009

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Brower Piven, A Professional Corporation announces that a class action lawsuit has been commenced in the United States District Court for the District of Rhode Island on behalf of purchasers of the securities of Textron, Inc.  (NYSE: TXT) during the period between July 17, 2007 and January 29, 2009, inclusive (the “Class Period”).

Omniture, Inc. (NASDAQ: OMTR), a leading provider of online business optimization software, today announced the delivery of CMO Dashboards in collaboration with its extensive agency and technology partner ecosystem. Today, Omniture already delivers millions of dashboards and alerts to more than 5,000 customers every month. With CMO Dashboards, Omniture will

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PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Tuesday August 18, 2009

PennyOmega.com Stock Report!

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SDI (Strategic Diagnostics Inc., NASDAQ: SDIX), a leading provider of biotechnology-based products and services for a broad range of food safety, life science and industrial applications, today announced it has been awarded U.S. Patent No. 7,521,201 B2 for using bacteriophages in microbiological assay tests and processes. The invention is a rapid bacterial detection method that reduces or eliminates the growth of undesirable bacteria, resulting in improved test performance.

Fitch Ratings has assigned a ‘BBB-’ rating to Watson Pharmaceuticals, Inc.’s (NYSE: WPI) proposed offering of up to $850 million in new five- and 10-year senior unsecured notes.

Drinks Americas

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BKD, Brookdale Senior Living Inc.

XOHO, XO Holdings Inc, XOHO.OB

PennyOmega.com Watch List!

PennyOmega.com Watch List ! for Tuesday August 4, 2009

Our Picks at PennyOmega.com for Tuesday August 4, 2009 are:

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BKD, Brookdale Senior Living Inc.

BKD is a leading owner and operator of senior living communities throughout the United States.

BKD is committed to providing an exceptional living experience through properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents.

Currently BKD owns and operates independent living, assisted living, and dementia-care communities and continuing care retirement centers, with 546 communities in 35 states and the ability to serve approximately 52,000 residents.

**Today after Closing Bell, BKD reported

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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 Tuesday July 28, 2009

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L.B. Foster Company (Nasdaq: FSTR), a leading manufacturer, fabricator, and distributor of products and services for rail, construction, energy and utility markets, today reported that second quarter 2009 net sales decreased 27.8% to $93.8 million compared to $129.8 million in the prior year quarter. Gross profit margin was 13.7%, down 320 basis points from the prior year quarter primarily as a result of a $1.1 million ($0.07 per diluted share) warranty charge taken to recognize the revised number of concrete ties that failed in track as well

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