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Los Angelas, CA -- (SBWIRE) -- 03/04/2013 -- Atlantic Power Corp (NYSE:AT) slumped 28.59% after declaring a fourth quarter EPS of -$0.50 which missed by a massive $0.47. Revenue was $114 million. The company was forced to cut its dividend to an annual $0.40 per share of common stock equivalent to $0.03333 on a monthly basis. The company also announced that its Board of Directors had adopted a Shareholder Rights Plan to encourage the fair treatment of shareholders in connection with any unsolicited take-over bid for the Company’s common shares. The Rights Plan, also known casually as a “poison pill,” is designed to provide shareholders and the Board with adequate time to fully consider and evaluate any unsolicited take-over bid and provide the Board with sufficient time to identify, develop and negotiate other alternatives to maximize shareholder value. The company owns power generation and infrastructure assets across the United States and Canada, selling electricity to utilities and other large customers.
Is AT Showing Any Sign of Buy At The Current Market Price? Find Out Here
The Wendy’s Company (NASDAQ:WEN) declined 3.33% and closed at $5.51 on a traded volume of 14.0 million shares. The Company said about 20% of its U.S. locations will be remodeled by 2015. The new look, which includes comfortable seating areas and flat-screen TVs, is intended to have a more inviting feel and is part of the company’s goal of positioning itself on the higher end of the fast-food industry.
How Should Investors Trade WEN After The Recent Volatile Moves? Find Out Here
GT Advanced Technologies Inc. (NASDAQ:GTAT) went down 3.14% and closed at $2.78 on a traded volume of 5.04 million shares. Recently, the Company released fourth quarter results. Revenue was $102.3 million compared to revenue of $153.0 million in the fourth quarter of calendar 2011. Gross profit for the fourth quarter of calendar 2012 was a loss of $41.2 million, or a loss of 40.2 percent of revenue compared to $66.0 million or 43.1 percent of revenue for the fourth quarter of calendar 2011. Net income in the fourth quarter of calendar 2012 was a loss of $159.4 million compared to $15.3 million for fourth quarter of calendar 2011.
Can GTAT Rebound After The Recent Slump and Investors Can Make Money? Find Out Here
Meritor Inc. (NYSE:MTOR) decreased 2.95% and closed at $4.27 on a traded volume of 1.25 million shares. The Henry Ford’s Innovation Education Incubator launched in April 2011 with the support of a three-year pledge from Meritor, is building momentum among educators nationwide by bringing innovative digital education resources and game-changing teaching strategies into K-12 classrooms.
Is CXW Showing Any Sign of Buy At The Current Market Price? Find Out Here
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