Colgate Palmolive Company (CL) reported results for the third quarter of 2009 with earnings of $1.12 per share, which was a penny above the Zacks Consensus Estimate of $1.11. Earnings were up 13.1% year-over-year, driven by effective price implementation and ongoing aggressive cost savings program. Net sales for the quarter were flat year-over-year declining marginally by 0.3% to $3.9 billion as unit volume increased 1.5% and pricing contributed 5.0%. This was partially offset by negative foreign exchange translation of 6.5%. Organic sales (excluding foreign exchange, acquisitions and divestitures) increased 7.0% in the quarter. North American sales increased 3.0% driven by 1.5% pricing and 5.0% unit volume growth, partially offset by 0.5% negative currency translations. In Latin America, sales grew 5.0% as unit volume increased 3.0% driven by solid gains in Venezuela which were partially offset by an 11.0% negative foreign exchange impact. In Europe/South Pacific, ...

Earlier this month, LAN Airlines S.A. (LFL) and its subsidiaries released its preliminary monthly traffic statistics and punctuality indicators for September. Passenger traffic rose 11.9% year over year while capacity jumped 9.3%. Its load factor increased 1.8 points to 78.8%.   International passenger traffic accounted for almost 71% of total passenger traffic, with the rest coming from domestic passengers.   Domestic passenger traffic in Chile, Argentina, Peru and Ecuador rose 17.5% and international passenger traffic rose 9.8%. Domestic capacity increased 15% and international capacity increased 7.1%. International capacity was mainly driven by a surge in operations in Europe and the South Pacific, which was partially offset by a decrease in certain regional routes.   Cargo traffic fell 8% mainly due to the slowdown in import and export markets in Latin America, as well as the reduction of salmon exports from Chile. In line with the decrease in demand, ...

Non-dollar currencies give back very little…The Unemployed are remaining unemployed… FOMC puts away the board games today… China invokes a “Public Morals” defense…

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IPOs Heating Up Markets

by Martin Denholm, Senior Editor

What would you do with $3.5 billion?

While you decide between a luxury beach house on your own private island in the South Pacific, or a Swiss-style log cabin in the Alps, Corporate America is mulling over an option that isn’t nearly as sexy, but is hugely important.

Pumping some of it into the IPO market.

Today kicks off a busy week, in which eight deals are on the table, worth a combined $3.5 billion. Among them is Chinese media firm, Shanda Interactive (Nasdaq: SNDA), which has raised $725 million to spin off its Shanda games division.

Eight deals in a week – the most since December 2007 – evokes memories of the heady days of the mid 2000s when companies were falling over themselves to hit the stock market. Already, the pace of new offerings

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Earlier this week, LAN Airlines S.A. (LFL) and its subsidiaries reported its preliminary monthly traffic statistics and punctuality indicators for August. While passenger traffic rose 4.4% year over year, capacity jumped 7.4%. However, its load factor dropped 2.2 points to 76.5%. International passenger traffic accounted for almost 70% of total passenger traffic, with the rest coming from domestic passengers.

Domestic passenger traffic in Chile, Argentina, Peru and Ecuador rose 10.2% and international passenger traffic rose 2.1%. International capacity was mainly driven by a spike in operations to Europe and the South Pacific, which was partially offset by a decrease in certain regional routes.

Cargo traffic fell 4.2% mainly due to the slowdown in import and export markets in Latin America, partially offset by an increase in exports from Peru to the United States, as well as by an increase in operations to and from Europe after addition of

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Savoy Energy Corporation, an independent oil and gas company based in Texas, specializes in what is called “recompletion” and “workover” activities. What this means is that the company is very good at identifying and acquiring abandoned oil and gas wells that still have a lot to give, and bringing them back into production using advanced processing technologies and careful management. Savoy is known for its ability to economically extract significant remaining product from abandoned wells.

Savoy is already producing oil from four wells, and has identified 18 other U.S. wells that are favorable candidates for turnaround. In addition, the company recently announced plans to create a joint venture in the South Pacific island of Fiji to license properties there for oil exploration and drilling.

As long term fossil fuel prices continue to rise, the demand for more production from previously producing wells is

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DrStockPick.com Stock Report!

Tuesday August 18, 2009

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Desert Equity LP, a Delaware limited partnership, today announced that it has commenced its previously announced cash tender offer for up to a total of 3,740,000 shares of common stock, or approximately 16.3% of the shares outstanding, of White Electronic Designs Corporation (Nasdaq: WEDC), at a price of $4.25 net per share in cash (subject to applicable withholding of U.S. federal, state and local taxes).

Novavax, Inc. (Nasdaq: NVAX) announced positive preclinical results with Novavax’s 2009 novel H1N1 influenza virus-like particle (VLP) vaccine. The study, conducted by scientists from Novavax and the Centers for Disease Control and Prevention (CDC) based in Atlanta, GA, under

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Wyndham Worldwide Corporation (...

Another currency rally….  Bank of Canada cuts 75 BPS!…  A Santa rally?… What Asia thinks… And Now… Today’s Pfennig! OK… Another day of “healing” for the currencies, as the 1.29 handle was achieved and held on to in the overnight markets. Slowly… Like sand through the hourglass, these are the days of currency healing! HA! That show, Days of our Lives, was burned into my brain as a kid, as it was my mother’s fave soap.

The single unit was higher within the 1.29 handle overnight than it is right now, as it has given back a bit of ground on the news that a European Union Commissioner, Buti, said that, “economic indicators point

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Another currency rally….  Bank of Canada cuts 75 BPS!…  A Santa rally?… What Asia thinks… And Now… Today’s Pfennig! OK… Another day of “healing” for the currencies, as the 1.29 handle was achieved and held on to in the overnight markets. Slowly… Like sand through the hourglass, these are the days of currency healing! HA! That show, Days of our Lives, was burned into my brain as a kid, as it was my mother’s fave soap.

The single unit was higher within the 1.29 handle overnight than it is right now, as it has given back a bit of ground on the news that a European Union Commissioner, Buti, said that, “economic indicators point

...