Notable Decliners: Post Holdings Inc, United States Steel Corporation, Navistar International Corp, Forest Oil Corporation

Lakeway, NY -- (SBWIRE) -- 02/21/2013 -- ThePennyStockProfiler.com, 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:-

Post Holdings Inc. (NYSE:POST) decreased 5.02% and closed at $6.81. The Company intends to commence a private offering to eligible purchasers of approximately $175 million of a newly created series of convertible preferred stock, to be designated as Series B Cumulative Perpetual Convertible Preferred Stock. The Company expects to grant the initial purchasers of the Preferred Stock a 30-day option to purchase up to an additional $26.25 million in shares of Preferred Stock. The Company intends to use the net proceeds from the offering to repay in full all amounts outstanding under its term loan facility.

Is POST a Strong Buy After The Recent Gain? Let’s Find out Here

United States Steel Corporation (NYSE:X) was down 4.88% and closed at $22.01. The U.S. Supreme Court agreed to consider whether union workers can be compensated for the time it takes for them to change in and out of safety gear. A group of 800 current and former hourly workers at a U.S. Steel plant in Gary, Indiana, say they should be compensated for changing clothes because it is a key part of their job as steel workers.

Is X a Strong Buying Opportunity After The Recent Slump? Find out Here

Navistar International Corp (NYSE:NAV) decreased 4.88% and closed at $25.91. Navistar Defense, LLC has received an urgent delivery order from the U.S. Army to retrofit 205 armored cabs onto Navistar Medium Tactical Vehicles currently designated for service with the Afghan National Security Forces.

Should Investors Consider NAV After The Recent price Action? Get Free Trend Analysis Here

Forest Oil Corporation (NYSE:FST) decreased 4.88% and closed at $6.04. The Company reported fourth quarter net loss of $287 million or $(2.48) per diluted share compared to Forest's net earnings of $19 million or $0.17 per diluted share in the corresponding 2011 period. The average oil net sales volumes were 8.7 MBbls/d; pro forma increase of 47% from the fourth quarter of 2011.

Get latest News, Updates on FST Here

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