People's United Financial Inc.’s (PBCT) third quarter earnings of 8 cents per share were in line with the Zacks Consensus Estimate. While quarterly results benefited from growth in core loan portfolios and deposits, the company’s credit quality continued to deteriorate. It has reported significant increase in loan loss provisions in the quarter. People's United reported net income of $26.8 million or 8 cents per share for the quarter, compared to $25.3 million or 8 cents per share in the prior quarter and $46.0 million or 14 cents per share a year earlier. Net interest income was $145.3 million, up 3% sequentially but down 9% year-over-year. Net interest margin was up 7 basis points (bps) sequentially but down 52 bps year-over-year to 3.19%. The sequential increase in the net interest margin was primarily driven by a reduction in the costs of deposits. Non-interest income decreased ...

Hi, this is Adam Hewison and I have just returned from vacation in Maine. This is my first day at the office and my first video from the digital den.

While I was away, I got to thinking about one of the oldest myths about trading: the buy and hold myth. While this strategy has worked in certain markets at certain times, I do not believe we are in a time frame where this strategy is going to meet with a lot of success.

The world around us is changing rapidly and therefore it is important to have strategies that can change with this new regime.

In today’s video I’m going to show how the buy and hold strategy is flawed when you compare it to our “Trade Triangle” technology. I think you will be surprised at the results and

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General Dynamics (GD) recently said that its unit, General Dynamics Armament and Technical Products, has received a $100 million contract from the US Army TACOM-Rock Island Ill division. The contract for supplying M2 flex machine guns is of indefinite delivery-indefinite quantity (IDIQ) nature and is scheduled to be completed by April 2012.

The M2 flex machine gun is a belt-fed, recoil-operated, air-cooled, right-hand/left-hand feed compatible, crew-served arm and is suited for both offensive and defensive operations. The guns will be manufactured at the company’s Saco, Maine facility and its technology center in Burlington, Vermont will administer program management.

General Dynamics is likely to continue meeting investor expectations backed by strong revenue growth, margin expansion and cash flow generation. The recent acquisitions of Jet Aviation and Axle Tech, increased Navy spending and resumption of the Pander program for the Czech Republic will provide near-term upside potential despite apprehensions about

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Sappi Limited (SPP) announced that it will permanently cease operations at its coated fine paper mill in Muskegon, Michigan. The company had suspended the operations at the mill in March 2009. The mill had an annual production capacity of 170,000 metric tons.

Permanent Closure of the Muskegon mill was in response to the weak demand for coated fine paper in the global markets. The company is focusing on improving profitability and returns in all its businesses.

The company said that the closure of the Muskegon Mill will not affect the product lines offered by Sappi Fine Paper North America. Products previously made at Muskegon will continue to be manufactured at the company's other paper mills in Skowhegan, Maine and Cloquet, Minnesota.

To match its production to current demand levels and reduce inventories, Sappi has implemented various capacity reduction measures across its plants in North America and Europe, including the mills acquired

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Well the good news is that hurricane Bill missed Maine and the rest of the Eastern seaboard this past weekend. Too close for my liking. Huge surf and lots and lots of rain was the order of the day.

I thought you would like to see a picture of my father-in-law, Retired Admiral Harold Rich. We don’t use his formal title up here, but I thought you might notice his hat. You see, Harry loves to wear hats and I thought he would enjoy one of our new MarketClub hats.

It was Harry who came up  with the phrase “To small to succeed “ that I recently used in a blog posting. So that’s one of the reasons why Harry is modeling his new MarketClub hat, the other is that he looks darn good in one.

Just to keep you all

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Well here I am at my vacation home in Maine watching the markets go crazy. Yes, we are so lucky to have access to the Internet and to the markets themselves no matter where we are in the world.

I didn’t plan on doing a video today, but the market action left me no choice. Today we witnessed an important “Trade Triangle” signal in this major index that should not be ignored.

In my new video, I share with you this same signal that thousands of MarketClub members witnessed and will discuss some of the potential downside targets for this index.

This is a video that is worth watching as I think we should all be prepared for what lies ahead.

There is no need to register for this video and of course you can watch it with my compliments.

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Before I get into the “Cash For Traders” topic, I have something to share with you that is very disturbing. I am getting spammed… that’s right, spammed by the White House. I have never asked for e-mails from the White House, nor have I signed up for e-mails from the White House. But for some reason David Axelrod, a close adviser to President Obama, feels he can just e-mail me at will trying to sell Obama’s universal health package.

Mr. Axelrod please stop this practice now! (see White House Spam here)

I never ever envisioned the White House becoming a spammer, nor did I envision the White House resorting to spam tactics. The White House is using the same spam tactics as every other con artist. You know the ones I am talking about… get-rich-quick schemes and work at home

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DrStockPick.com Stock Report!

Friday August 14, 2009

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Otelco Inc. (NASDAQ: OTT), a wireline telecommunication services provider in Alabama, Maine, Massachusetts, Missouri and West Virginia, today announced that its Board of Directors has declared a distribution of $0.42 per Income Deposit Security (each an “IDS”), which will be made on September 30, 2009 to holders of record at the close of business on September 15, 2009. The distribution represents the nineteenth consecutive quarterly distribution since the company completed its initial public offering in December 2004.

Arden Group, Inc. (Nasdaq:ARDNA) announced that its Board of Directors has declared a regular quarterly dividend of 25 cents per share of Class A

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GRMN, Garmin Ltd.

WRI, Weingarten Realty Investors

DrStockPick Watch List!

 

DrStockPick Watch List! for Friday July 31, 2009

 

My Picks for Friday July 31, 2009 are:

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GRMN, Garmin Ltd.

Garmin International Inc. is a subsidiary of GRMN, the global leader in satellite navigation. Since 1989, this group of companies has designed, manufactured, marketed and sold navigation, communication and information devices and applications – most of which are enabled by GPS technology. Garmin’s products serve automotive, mobile, wireless, outdoor recreation, marine, aviation and OEM applications.

GRMN is incorporated in the Cayman Islands, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom.

**Today after Closing Bell, Garmin International Inc.

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Today is the end of the 2009 fiscal year, and many states are still scrambling to get budgets in place for the 2010 fiscal year. It is not easy since when the economy turns south, so do tax revenues, and states are not allowed to run deficits or borrow for operating needs. Some states have managed to cut costs or raise taxes enough to close their deficits for the upcoming year. The only two states without a budget problem are Montana and North Dakota. As shown in the table below (from http://www.cbpp.org/cms/index.cfm?fa=view&id=711), the total spending cuts or revenue increase needs to be $166 billion or 24% of the projected budget. To some extent states have used "rainy day funds" and the money from the Federal Stimulus bill to close some of the gap. Still the problem is very severe with 5 states (CA, AZ,

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