Orlando, FL -- (SBWIRE) -- 08/28/2013 -- 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 Office Depot Inc (NYSE:ODP), Two Harbors Investment Corp (NYSE:TWO).
Office Depot Inc (NYSE:ODP) shares increased 2.21% to $4.17. Analysts at SunTrust raised their price objective on shares of MHR from $6.50 to $7.00 in a research report issued to clients and investors on August 22. The firm currently has a “buy” rating on the stock.
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Additionally, the company on August 20 announced that negotiations it initiated to reach a good-faith compromise with its largest shareholder, Starboard Value LP, ahead of the Company's Annual Meeting of Shareholders on August 21, have not resulted in an agreement. Office Depot initiated the negotiations after hearing from its shareholders that they were supportive of adding new perspectives to the Company's Board.
Two Harbors Investment Corp (NYSE:TWO) stock declined 0.11% to $9.49. The company is planning its first issuance of home-loan securities without government backing. The transaction will include $400.7 million of top-rated bonds and be tied to a “high-quality mortgage pool,” Fitch Ratings said on August 14.
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Additionally, the company on August 6 announced its financial results for the quarter ended June 30, 2013. The company reported Core Earnings for the quarter ended June 30, 2013, of $78.1 million, or $0.21 per diluted weighted average common share outstanding, as compared to Core Earnings for the quarter ended March 31, 2013, of $89.7 million, or $0.29 per diluted weighted average common share outstanding.
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