Lakeway, TX -- (SBWIRE) -- 02/06/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Constellation Energy Partners LLC (NYSEARCA: CEP) among the gainers and the stock moved up 30.77% and closed at $1.70. Constellation Energy Partners LLC has entered into a definitive agreement to sell its Robinson's Bend Field assets and operations to a subsidiary of Castleton Commodities International LLC. The sale is expected to close in Q1 2013 and will have an effective date of December 1, 2012. The Company anticipates that net proceeds received in the transaction will be used to reduce outstanding debt. The financial details of the sale were not disclosed.
How Should Investors Trade CEP After The Recent Movement? Find Out Here
Revlon, Inc. (NYSE:REV) moved up 18.13% and closed at $18.31. The Company reported fourth quarter EPS of $0.89, which may not compare with the analyst estimate of $0.73. Revenue for the quarter was $391.3 million versus the consensus estimate of $380.4 million.
The Company’s wholly-owned operating subsidiary, Revlon Consumer Products Corporation priced its previously-announced notes offering, setting the interest rate on $500 million aggregate principal amount of senior unsecured notes due 2021 at 5.75%. The transaction is expected to close on February 8, 2013.
Is REV A Strong Buy After The Recent Strong Gains? Get Free Trend Analysis Here
Cache, Inc. (NASDAQ:CACH) soared 16.38% and closed at $3.34. The Board of Directors appointed Jay Margolis as Chairman and Chief Executive Officer of Cache. Simultaneously with this appointment, Thomas Reinckens will step down as Chairman of the Board and Chief Executive Officer of Cache. Cache is a nationwide, mall-based specialty retailer of sophisticated sportswear and social occasion dresses targeting style-conscious women who have a youthful attitude and are self-confident.
Is CACH a Buying Opportunity After The Recent Plunge? Don’t Miss Out Our Latest Report Here
Cimatron Ltd. (NASDAQ:CIMT) moved up 15.59% and closed at $8.38. The Board of Directors has approved a cash distribution of NIS 1.54 per share on outstanding ordinary shares. The distribution is payable on March 5th, 2013 to shareholders of record at the close of business on February 15th, 2013. Cimatron is a leading provider of integrated, CAD/CAM software solutions for mold, tool and die makers as well as manufacturers of discrete parts.
How Should Investors Trade CIMT After The Latest Earnings Report? Find Out Here
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