Archive for February, 2009

ADP Second Quarter Results

Tuesday, February 24th, 2009

ADP (NYSE: ADP) is the type of stock that everyone wishes they had in their portfolio over the past year. It has held steady despite the economy’s massive job losses. The share price continues to hold up despite the “headwinds” that management acknowledged in their earnings release earlier this month.

View the full adp chart at Wikinvest

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Oil Prices and the Fall of Oyo Geospace

Wednesday, February 18th, 2009

Oyo Geospace (NASD: OYOG) announced first quarter earnings last week, and the results were not pretty. Net income fell to $1.3 million or $0.22 per share as compared to net income of $3.3 million or $0.54 per share one year ago. Oyo had earned as much as $4.3 million in the third quarter of 2008, but it seems that as oil prices have fallen there has been less demand for Oyo’s products.

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Lexington’s Refinancing

Tuesday, February 17th, 2009

On a day when the Dow is down over 250 points and worry about the banking sector is increasing, Lexington Realty Trust (NYSE: LXP) announced today that they have secured financing for close to $200 million in debt maturing in 2009. As of last quarter, Lexington reported that they had $267 million in maturities for 2009.

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Finding Value in Yamana Gold

Monday, February 16th, 2009

Yamana Gold (NYSE: AUY) is a difficult company to follow. It seems that as soon as you get a handle on the business, something changes. I originally bought the company thinking of it as a simple business: Pull gold out of the ground, sell it, profit. It’s not that simple.

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