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Home > (HMN, V, PBI, CLNO, SAI) Stocks in Focus by PennyOmega.com

(HMN, V, PBI, CLNO, SAI) Stocks in Focus by PennyOmega.com

July 28th, 2011 at 10:53 am





Horace Mann Educators Corp. (NYSE:HMN) reported a net loss of $11.8 million (30 cents per share) and net income of $14.1 million (34 cents per share) for the three and six months ended June 30, 2011, respectively, compared to net income of $23.0 million (56 cents per share) and $45.6 million ($1.12 per share) for the same periods in 2010. Included in these amounts were net realized gains on securities of $5.7 million ($3.7 million after tax, or 9 cents per share) and $11.5 million ($7.4 million after tax, or 18 cents per share) for the three and six months ended June 30, 2011, respectively. In the same periods in 2010, net income included net realized investment gains of $8.3 million ($5.5 million after tax, or 13 cents per share) and $13.2 million ($8.6 million after tax, or 21 cents per share), respectively. All per-share amounts are stated on a diluted basis.

Horace Mann Educators Corporation, through its subsidiaries, markets and underwrites personal lines of property and casualty insurance, retirement annuities, and life insurance in the United States.

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Visa, Inc. (NYSE:V) announced financial results for the Company's fiscal third quarter 2011 ended June 30, 2011. GAAP net income for the quarter, inclusive of a non-cash, non-operating gain related to the Company's revaluation of its Visa Europe put option, was $1.0 billion.

Visa Inc. operates retail electronic payments network worldwide. It facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities. The company owns and operates VisaNet, a global processing platform that provides transaction processing services linking issuers and acquirers.

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Pitney Bowes Inc. (NYSE:PBI) released a white paper that offers insight and best practices in business continuity to help organizations of all sizes safeguard and strengthen their operations.

Pitney Bowes Inc. provides mail processing equipment and integrated mail solutions worldwide. It offers a suite of equipment, supplies, software, services, and solutions for managing and integrating physical and digital communication channels.

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Cleantech Transit Inc. (CLNO)

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

Cleantech Transit Inc originally only aim was to develop opportunities utilizing advances in technology and manufacturing processes in order to develop significant market share in the growing clean energy public transportation sector.

Biomass technology can be very helpful and is the best alternative available from fossil fuels as they are becoming extinct. People gradually know about the importance of biomass power and are hoping that the manufacturers of cars and industries start making products which run on biomass power as this power is not very hard to convert and the biomass ingredients are not hard to find.

Cleantech Transit, Inc has expanded its focus to invest directly in specific green projects that can maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net). This project can generate shareholder returns as well benefit the Company's manufacturing clients worldwide.

For more information about Cleantech Transit Inc. visit their website: www.cleantechtransitinc.com

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SAIC, Inc. (NYSE:SAI) announced it was awarded a multiple-award indefinite-delivery/ indefinite-quantity (ID/IQ)contract by the Space and Naval Warfare Systems Center Atlantic (SPAWARSYSCEN Atlantic) to help procure and deliver command and control (C2)equipment and services. The contract has a one-year base period of performance, four one-year options and a ceiling value of $500 million for all awardees. Work will be performed in Abingdon, Md., and Charleston, S.C.

SAIC, Inc. scientific, engineering, systems integration, and technical services and solutions to various branches of the U.S. military, agencies of the U.S.


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