Kolkata, West Bengal -- (SBWIRE) -- 09/19/2013 -- Specialpennystockalert.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on Triumph Group Inc(NYSE:TGI), Comstock Resources Inc(NYSE:CRK), The Boeing Company(NYSE:BA).
Triumph Group Inc(NYSE:TGI) says it will likely book ~$68M in pre-tax additional program costs in FY14 thanks to "reductions to the profitability estimates of the current 747-8 production lot."The costs will be spread out as follows: FQ2, $0.53/share; FQ3, $0.14/share; FQ4, $0.16/share.CEO Jeffry Frisby is "disappointed in [TGI's] recent execution on the 747 program," but notes that the company has "already taken several actions, including the development of a detailed game plan to reduce cost and improve quality and on-time delivery in a sustainable way."
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Comstock Resources Inc(NYSE:CRK) is upgraded to Buy from Accumulate at Global Hunter, which cites increased confidence that CRK will be able to maintain its Eagle Ford production inventory with bolt-on deals in the shale field and without overpaying.The firm also believes shares are cheap at 3.1x estimated 2014 EBITDA despite 90% of oil estimated production growth coming from within cash flow (at current prices) forecast for 2014.
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The Boeing Company(NYSE:BA) — which hit new highs yesterday as the 787-9 made its first flight — will close the C-17 final assembly facility in Long Beach, California in 2015.The company says that although the decision to end C-17 production "was very difficult," the move was necessary. Support for the fleet will continue.BA notes that "the sequestration situation" in the U.S. and worldwide budget uncertainties "force difficult decisions like [the] C-17 line closure."BA will take a charge of "less than $100M" this quarter related to the closure. Guidance is not affected.
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