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New York, NY -- (SBWIRE) -- 10/26/2012 -- Excel Trust, Inc. (NYSE:EXL) , a retail focused real estate investment trust (REIT), announced today the pricing of its public offering of 8.5 million shares of common stock at $12.00 per share. The offering is expected to close on or about October 30, 2012 and is subject to customary closing conditions. The Company has granted to the underwriters an option to purchase up to an additional 1.275 million shares within thirty days after the offering. All shares are being offered by the Company. The offering will generate net proceeds, after deducting underwriting discounts and estimated offering expenses, of approximately $98.5 million, or $113.1 million if the underwriters exercise their option to purchase additional shares in full.
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Trueblue (NYSE:TBI)‘s stock had its “hold” rating reaffirmed by Deutsche Bank in a research note issued on Thursday. They currently have a $15.00 price target on the stock. Several other analysts also recently commented on the stock. Analysts at Avondale Partners downgraded shares of Trueblue from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday. They now have a $15.00 price target on the stock, down previously from $20.00. Separately, analysts at Robert W. Baird downgraded shares of Trueblue from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $16.00 price target on the stock, down previously from $17.00. Finally, analysts at BMO Capital Markets downgraded shares of Trueblue from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday.Trueblue traded down 15.52% on Thursday, hitting $13.50. Trueblue has a 52-week low of $11.18 and a 52-week high of $18.22. The company has a market cap of $522.4 million and a price-to-earnings ratio of 19.18. Trueblue last posted its quarterly earnings results on Wednesday, October 24th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by $0.01. Trueblue’s revenue was up 2.2% compared to the same quarter last year.
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SatCon Technology Corporation (NASDAQ:SATC) boomed 68.00% during the previous trading session after the company reported that it received approval of the court regarding Support Warranty and Service Programs. The Extended Warranty Plan of the company is related to an extension of the Satcon 5-year unlimited hour usage warranty up to a time period of 20 years .SatCon Technology Corporation’s Extended Warranty can be purchased in one or five-year blocks at any time at an additional cost within the Warranty period prior to the expiration of the current Warranty period.SatCon Technology Corporation(NASDAQ:SATC), a clean energy technology company, provides utility-grade power conversion solutions for the renewable energy market, primarily the large-scale commercial and utility-scale solar photovoltaic markets worldwide.
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Travelzoo Inc., (NASDAQ:TZOO) a global Internet media company, today announced financial results for the third quarter ended September 30, 2012, with revenue of $35.4 million, a decrease of 8% year-over-year. Operating income was $4.2 million, down 55% year-over-year. Net income was $3.4 million, with earnings per share of $0.22, down from $0.36 in the prior-year period. Travelzoo had a total unduplicated number of subscribers in North America and Europe of 22.4 million as of September 30, 2012, up 5% from September 30, 2011. In North America, the total unduplicated number of subscribers was 16.1 million as of September 30, 2012, up 3% from September 30, 2011. In Europe, the total unduplicated number of subscribers was 6.3 million as of September 30, 2012, up 10% from September 30, 2011.Income tax expense was $896,000, compared to $3.3 million in the prior-year period. The effective income tax rate was 21%, compared to 36% in the prior-year period. During the third quarter 2012, Travelzoo generated $6.9 million of cash from operating activities. Accounts receivable increased by $1.4 million over the prior-year period to $15.4 million. Accounts payable increased by $6.1 million over the prior-year period to $23.3 million. Capital expenditures were $774,000, down from $847,000 in the prior-year period. Travelzoo exited the third quarter with $57.6 million in cash and cash equivalents.
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