Lakeway, TX -- (SBWIRE) -- 02/22/2013 -- Bestdamnpennystocks, 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:-
Revlon (REV -2.2%) announces it completed a bank term loan agreement which will help it reduce interest rates at credit facilities. Shares are currently under a trading halt.
How Should Investors Trade REV After The Latest Earnings Report? Find Out Here
Office Depot (ODP -3.6%) and OfficeMax (OMX -2.3%) drop again as the pair now trade lower than where they did before the merger was announced. Investors seem to want to find out who is running the nameless new company before backing it to see a return to profitability and relevance.
Is ODP a Buy After The Solid Earnings? Get Free Trend Analysis Here
Tim Hortons Inc. (THI) declares $0.26/share quarterly dividend, 23.8% increase from prior dividend of $0.21. Forward yield 2.11%. For shareholders of record Mar. 04. Payable Mar. 19. Ex-div date Feb. 28.
How Should Investors Trade THI After The Recent Movement? Find Out Here
Jack in the Box (JACK +7%) rallies after posting a strong FQ1 report. The company pulled off the earnings triple play as it struck a balance of lowering expenses without disrupting same-store sales. The Qdoba chain showed some signs of life during the period, improving same-store sales by 1.5% despite increased competition from Taco Bell and Chipotle.
Layoffs at Talisman Energy (TLM -1.3%) could be a harbinger of pain ahead for other Canadian gas producers grappling with low commodity prices. Western Canadian gas production has fallen to ~13B cu. ft./day from 17B a decade ago, Ziff Energy's Edward Kallio says, "and it's going to get worse." Encana (ECA -1.5%) will be next, he says: “They can’t make money at these prices in the basin.”
Get Latest News, Updates and Reports For Free On TLM Here
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