Orlando, FL -- (SBWIRE) -- 09/24/2013 -- 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 Metlife Inc (NYSE:MET), Walter Energy, Inc. (NYSE:WLT).
Metlife Inc (NYSE:MET) shares declined 0.27% to $47.36. Working Mother magazine has named MetLife a 2013 Working Mother 100 Best Company for the 15th consecutive year, a milestone that has earned the company a place in Working Mother's Hall of Fame. The list recognizes companies for their commitment to progressive workplace programs, including child care, flexibility, advancement and paid family leave.
Additionally, the company on Sept. 17 announced that former U.S. Ambassador William E. Kennard has been elected to its board of directors effective today. From November 2009 until August 2013, Kennard served as the U.S.ambassador to the European Union and worked to promote transatlantic trade and investment and eliminate regulatory barriers to commerce.
Moreover, the company on Sept. 11 announced that Nela D'Agosta has joined the company as managing director of marketing and investor services for the private capital investors group of MetLife Investment Management, LLC (MIM), the company's institutional investment manager.
Are investors worried about the recent updates with MET? Find out with a free trend analysis HERE
Walter Energy, Inc. (NYSE:WLT) shares decreased 0.22% to $13.74. Research analysts at RBC Capital reduced their target price on shares of WLT from $18.00 to $16.00 in a report released on Sept. 23. The firm currently has a “sector perform” rating on the stock. RBC Capital’s price target points to a potential upside of 16.45% from the stock’s previous close.
Additionally, the company on Sept. 19 announced that it has increased the size of its previously announced offering of $350 million aggregate principal amount of senior secured notes due 2019 to $450 million with a coupon of 9.500% per annum (the "Notes"). Walter Energy will pay interest on the Notes on April 15 and October 15 of each year, beginning on April 15, 2014. The Notes will be guaranteed by each of Walter Energy's current and future wholly-owned domestic restricted subsidiaries that from time to time guarantees any of Walter Energy's indebtedness or any indebtedness of any of Walter Energy's restricted subsidiaries. The Notes and related guarantees will be secured on a first priority basis by substantially all of the property and assets of Walter Energy and the guarantors.
Is WLT going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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