Austin, TX 12/12/2007 12:49:06 AM
Speak with other shareholders about: (NYSE: GGP), (NASDAQ: WMAR), (NASDAQ: CELG), (AMEX: PAL)
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GENERAL GROWTH PROPERTIES, INC. (NYSE: GGP)
General Growth Properties, Inc. closed at $49.03 Monday, trading 1,314,900 shares.
COMPANY NEWS- December 11, 2007:
General Growth Properties, Inc. issued downside guidance for FY07 (Dec), and sees funds from operations of $2.95-2.98 vs. $4.21 First Call consensus. According to the report, this updated guidance is the result of additional amounts expected to be recorded in connection with the previously reported jury verdict in the Caruso Affiliated Holdings and Glendale Galleria matter. The Company also announced that it expects to record a non-cash impairment charge during Q407 to write-down to the estimated fair market value the residential land held for sale in the Fairwood, MD and Columbia, MD Master Planned Communities. The impairment charge, net of tax benefit, will be approx $77 million and will reduce the carrying values of these properties to approx $60 million and $141 million respectively. The impairment charge does not impact projected Core FFO.
About General Growth Properties, Inc. (NYSE: GGP)
General Growth Properties, Inc. operates as a self-administered and self-managed real estate investment trust.
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WEST MARINE, INC. (NASDAQ: WMAR)
West Marine, Inc. closed at $9.20 Monday, trading 73,200 shares.
COMPANY NEWS- December 10, 2007:
West Marine, Inc., the nation's largest boating supplies and accessories retailer, announced that the Company's Board of Directors has named Geoff Eisenberg, 55, to the position of President and Chief Executive Officer, succeeding Peter Harris, 63, who resigned from the Company effective December 10, 2007. According to the announcement, Mr. Harris has agreed to assist during the transition through the end of the year.
About West Marine, Inc. (NASDAQ: WMAR)
West Marine, Inc. operates as a retailer of boating supplies to individual boaters and boating businesses in the United States.
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link: http://www.stockwire.com/detailed/analysis.php?company=CELG
CELGENE CORPORATION (NASDAQ: CELG)
Celgene Corporation closed at $49.18 Monday, trading 43,439,500 shares.
COMPANY NEWS- December 11, 2007:
Celgene Corporation reported that researchers from the M.D. Anderson Cancer Center presented early evidence of efficacy from a Phase I/II study evaluating lenalidomide with rituximab for the treatment of relapsed/refractory mantle cell lymphoma. According to the announcement, the study indicated that 70% of patients achieved responses with 30% of patients achieving complete responses when given the combination therapy.
About Celgene Corporation (NASDAQ: CELG)
Celgene Corporation, a biopharmaceutical company, engages in the discovery, development, and commercialization of innovative therapies to treat cancer and immune-inflammatory related diseases in Europe and the United States.
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link: http://www.stockwire.com/detailed/analysis.php?company=PAL
NORTH AMERICAN PALLADIUM, LTD. (AMEX: PAL)
North American Palladium, Ltd. closed at $4.04 Monday, trading 1,530,900 shares.
COMPANY NEWS- December 11, 2007: North American Palladium Ltd., announced that through an underwriting agreement, it will sell 14 million units at US$4, about C$4.04, each. According to the announcement, each unit consists of one common share and half a warrant. Each whole warrant entitles the holder to buy one common share of North American Palladium at US$5.05 for two years after the offering closes, which PAL expects on Dec. 13. The company said Kaiser-Francis Oil Co. of Tulsa, Okla., and IP Synergy Finance Inc. each has the right to buy as much as 12.5% of the offering.
About North American Palladium, Ltd. (AMEX: PAL)
North American Palladium, Ltd. engages in the exploration and mining of platinum group metals, and base and precious metals in Canada.
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