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Walgreen To Acquire Pharmacies

Walgreen (NYSE:WAG), one of the largest retail pharmacies in the US, entered into an agreement with Graymark Healthcare (NASDAQ:GRMH) to acquire the latter’s retail pharmacy business, 18 ApothecaryRx pharmacies of 5 states – Colorado, Oklahoma, Minnesota, Missouri and Illinois. The transaction is expected to close in the fourth quarter of 2010.
While financial terms of the deal were not disclosed, Graymark expects to realize total enterprise value of $35 million. Following this divestment, … [visit site to read more]

Rail Traffic At Highest Level Since 2008

WASHINGTON , D.C. – Sept. 2, 2010 – “The Association of American Railroads (AAR) today reported weekly rail traffic continues to set records with U.S. railroads posting their highest numbers for 2010 in both rail carloads and intermodal volume for the week ending Aug. 28. U.S. railroads originated 302,358 carloads for the week, up 5.8 percent compared with the same week in 2009 and intermodal traffic totaled 237,194 trailers and containers, up 17.1 percent from the same week in 2009 (see … [visit site to read more]

Aggressive Growth Stock: Albany International Corp

Albany International Corp (NYSE:AIN) analysts are feeling bullish after the latest earnings report. Estimates are up and the stock is a great entry point.
Company Description
Albany International is a textile and materials processing company. The company produces custom-designed fabrics and belts for the making paper and paperboard. Other areas include aerospace composites, building products, synthetics for outerwear markets and much more.
Beat the Street
On Aug 4 Albany International reported … [visit site to read more]

Quote Du Jour: Dylan Grice – Focus On Things We Know

I referred to some comments by Albert Edwards from Société Générale in a post a few days ago. Today’s quote of the day comes from his colleague on the SocGen Global Strategy Team, Dylan Grice. Not only is Grice brilliant at his game but also a wordsmith of note.
“Some have said that the key risk investors face today is ‘policy error’. But isn’t that always the key risk? Financial history is one long series of ‘policy errors’ and while policy makers labor under the delusion … [visit site to read more]

Thank You For The Money!

A little boy wanted to know what it was like to have $1, 000. His mother told him to pray to God for it. He prayed for two weeks but nothing turned up. Then he decided perhaps he should write God a letter requesting the $1,000.
When the post office received the letter addressed to God, they opened it and decided to send it to OBAMA. The President was so impressed, touched and amused that he instructed his secretary to send the little boy $20. He thought this would appear to be a lot of money to … [visit site to read more]

ECRI Watch: Be Prepared For A Shocker!

The ECRI Weekly Indicator for the week ended August 20 came in at 120.9 compared to the previous week’s downward adjusted 120.7. The closely watched ECRI WLI Smoothed Annualised Growth Rate came in at -9.91% compared to the downward adjusted -10.1% (previously -10.0%) of the previous week. That compares to our forecast of “weakened”.
In the same week the smoothed annualised growth rate of the S&P 500 growth rate fell from 0.6% to -1.5%.
Sources: ECRI (various internet sources); … [visit site to read more]

Mobius: Learning From Past Crises

The paragraphs below come courtesy of Mark Mobius, emerging markets guru and executive chairman of Templeton Asset Management.
On the heels of the global financial crisis, as Europe discusses the implementation of painful austerity measures and the U.S. deliberates the continuation of expensive government spending, I cannot help but draw attention to the relatively good fiscal health of several emerging market countries. While many investors across the globe continue to think of emerging … [visit site to read more]