Orlando, FL -- (SBWIRE) -- 08/29/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Altius Minerals Corporation (TSE:ALS), Standard Pacific Corp. (NYSE:SPF).
Altius Minerals Corporation (TSE:ALS) shares dropped 0.18% and closed at $11.35 in the last trading session. The company on August 15 announce the approval by its Board of Directors (the "Board") of an advance notice by-law (the "Advance Notice By-law").
By-Law No. 1A includes a provision that requires advance notice to the Corporation in circumstances where nominations of persons for election to the Board are made by shareholders of the Corporation other than pursuant to (i) a requisition to call a shareholders meeting made pursuant to the provisions of the Business Corporations Act (Alberta) (the "ABCA") or (ii) a shareholder proposal made pursuant to the provisions of the ABCA.
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Standard Pacific Corp. (NYSE:SPF) shares declined 2.21% to $7.09. The company on August 1 announced the pricing of its previously announced public offering of senior notes and the increase in the amount of the offering to $300 million aggregate principal amount of notes. Citigroup Global Markets Inc. and Credit Suisse Securities (USA) LLC acted as joint book-running managers for the notes offering.
Additionally, the company on July 25 said its net income vaulted more than threefold in the second quarter, powered by an increase in homes sold and rising sale prices.
For the April-June quarter, Standard Pacific's net income after paying preferred dividends was $28.8 million, or 11 cents per share. That compares with net income of $8.12 million, or 4 cents per share, a year earlier. The latest results beat analysts' consensus forecast, which called for earnings of 8 cents per share. Total revenue jumped about 60 percent to $438.7 million — short of the $449.8 million analysts expected.
Is SPF going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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