The German investment bank said in a statement Thursday that the cash deal remains subject to regulatory approvals. The bank had intended to sell the property from before it even opened in 2010 and had placed The Cosmopolitan in a separate bank division devoted to winding down or selling unwanted investments.
Blackstone, which owns $81 billion in real estate assets globally and describes itself as the largest opportunistic real estate investment manager in the world, is in the business of buying underperforming property and re-selling it after making improvements. It owns nearly 1,000 homes in Nevada and the upscale Hughes Center office complex in Las Vegas, as well as a small portion of casino company Caesars Entertainment.
5 Best Forestry Stocks To Invest In Right Now: Optimer Pharmaceuticals Inc.(OPTR)
Optimer Pharmaceuticals, Inc., a biopharmaceutical company, focuses on discovering, developing, and commercializing hospital specialty products worldwide. It develops products that treat gastrointestinal infections and related diseases. The company provides two late-stage anti-infective product candidates, including Fidaxomicin, a narrow spectrum antibiotic for the treatment of Clostridium difficile-infection, which completed two Phase 3 trials; and Pruvel, a prodrug in the fluoroquinolone class of antibiotics, has completed two Phase 3 trials for the treatment of infectious diarrhea, including traveler?s diarrhea. It also develops product candidates using its proprietary technology Optimer One-Pot Synthesis, a computer-aided technology that enables the rapid synthesis of various proprietary molecules. In addition, the company?s other pipeline product candidates consist of CEM-101 (OP-1068), a macrolide and ketolide antibiotic, which is in Phase 2 trials for the treatment of upper and lower respiratory tract infections; and OPT-822/821, a novel carbohydrate-based cancer immunotherapy, is in Phase 2/3 trials for the treatment of metastatic breast cancer. It has collaborative agreements with Astellas Pharma Europe Ltd.; Par Pharmaceuticals, Inc.; Nippon Shinyaku, Co., Ltd.; Cempra Pharmaceuticals, Inc.; Memorial Sloan-Kettering Cancer Center; and The Scripps Research Institute. Optimer Pharmaceuticals, Inc. was founded in 1998 and is based in San Diego, California.
Advisors' Opinion:- [By Keith Speights]
"Bidness" is good (part 2)
Obagi isn't the only company for which "bidness" is good. Antibiotic maker�Optimer Pharmaceuticals (NASDAQ: OPTR ) shares soared 22% this week on talk of interest by multiple potential buyers.
Best Performing Companies To Watch For 2014: Continental Gold Ltd (CGOOF.PK)
Continental Gold Limited is an exploration-stage company. The Company is engaged in the acquisition, exploration, evaluation and development of principally gold resource properties in Colombia. The Company holds the rights to explore and develop six properties in Colombia totaling approximately 122,317 hectares. The Buritica project encompasses an aggregate area of 57,588 hectares and is located about 75 kilometers northwest of Medellin in the Antioquia Department of north-western Colombia. The Berlin project covers an aggregate area of 25,059 hectares. The project area is located 90 kilometers north of Medellin in the Antioquia Department. The Dominical project encompasses an aggregate area of 24,327 hectares and is located in southern Colombia in the Cauca Department. The project area is consists of four registered concessions totaling 5,590 hectares, five pending registration concessions totaling 3,426 hectares and 10 concession applications covering 15,311 hectares. Advisors' Opinion:- [By Markus Aarnio]
Other gold miners that have seen intensive insider buying during the past four months include St. Andrew Goldfields (STADF.PK), Continental Gold (CGOOF.PK), Kinross (KGC) and Agnico-Eagle Mines (AEM).
Best Performing Companies To Watch For 2014: Rosetta Resources Inc.(ROSE)
Rosetta Resources Inc., an independent exploration and production company, engages in the acquisition, exploration, development, and production of onshore oil and gas resources in the United States. It owns producing and non-producing oil and gas properties located primarily in South Texas, including the Eagle Ford, and in the Southern Alberta Basin in Northwest Montana. As of December 31, 2011, the company had an estimated 965 billion cubic feet equivalent of proved reserves, including 36,370 million barrels of oil, 50,219 million barrels of natural gas liquids, and 446 billion cubic feet of natural gas, as well as drilled 53 net wells. Rosetta Resources Inc. was incorporated in 2005 and is headquartered in Houston, Texas.
Advisors' Opinion:- [By Monica Wolfe]
Rosetta Resources (ROSE)
FPA Capital's largest holding is in Rosetta Resources. Here the guru holds on to a total of 1,419,402 shares of the company�� stock which makes up for 9.7% of its total portfolio and 2.32% of the company�� shares outstanding.
- [By Vera Yuan]
��il and gas exploration and production company Rosetta Resources, Inc. (ROSE) rose in anticipation of an ease in regulations on the exportation of condensate, an ultra-light oil that undergoes minimal processing. This could allow the condensate to be exported at higher prices, alleviating a potential condensate glut in the U.S. and benefitting Rosetta.
- [By Value Digger]
It is clear that these key metrics match the metrics of a heavily natural gas weighted company that also carries significant debt. To prove this, let's check out Comstock Resources (CRK). Comstock sold some assets recently to Rosetta Resources (ROSE) to reduce its long term debt which still remains high though.
Best Performing Companies To Watch For 2014: Jos. A. Bank Clothiers Inc.(JOSB)
Jos. A. Bank Clothiers, Inc. engages in designing, manufacturing, retailing, and direct marketing men?s tailored and casual clothing and accessories in the United States. The company?s product offerings include tuxedos, suits, shirts, vests, ties, sport coats, pants, sportswear, overcoats, sweaters, belts and braces, socks, and underwear. It sells its products primarily under the Jos. A. Bank label through its own and franchised stores, and catalogs, as well as the Internet at josbank.com. The company also sells branded shoes from various vendors. As of April 30, 2011, it operated 515 retail stores, which consists of 489 company-owned full-line stores, 12 company-owned outlet and factory stores, and 14 stores owned and operated by franchisees in 42 states and the District of Columbia. The company was founded in 1905 and is based in Hampstead, Maryland.
Advisors' Opinion:- [By Lisa Levin]
Jos. A Bank Clothiers (NASDAQ: JOSB) shares reached a new 52-week high of $62.80 as Men's Wearhouse (NYSE: MW) announced a non-disclosure agreement with Jos. A. Bank.
- [By Johanna Bennett]
In the case of Men�� Wearhouse (MW) and Jos. A. Bank Clothier (JOSB), it would seem so.
Today, Men�� Warehouse launched a surprise offer to buy the smaller rival for $55 a share, or $1.2 billion. The bid comes just two weeks after Jos. A. Bank abandoned its own unsolicited bid for Men�� Warehouse.
- [By Terri Stridsberg]
In fact, the security reached its own multi-year peak of $52.72 just last week, after the specialty retailer made a bid for rival Jos. A. Bank Clothiers (JOSB).
Best Performing Companies To Watch For 2014: Sotherly Hotels Inc (SOHO)
SoTHERLY Hotels Inc., formerly MHI Hospitality Corporation, incorporated on August 2004, is a self-managed and self-administered real estate investment trust (REIT) that was formed to own, acquire, renovate and reposition primary full-service upper upscale and upscale hotel properties located in primary markets in the Mid-Atlantic and Southern United States. The Company conducts its business through MHI Hospitality, L.P., its operating partnership, of which the Company is the general partner. As of December 31, 2011, the Company owned approximately 77% of the partnership units in its operating partnership. In November 2013, SoTHERLY Hotels Inc announced that it has acquired the entity which owns the Crowne Plaza Houston Downtown Hotel, a 259-room, upscale, full-service hotel located in downtown Houston, Texas.
As of March 1, 2012, the Company�� portfolio consisted of 10 primarily full-service up-scale and upper up-scale hotels located in seven states with an aggregate of 2,424 rooms and approximately 120,200 square feet of meeting space. Nine of these hotels are wholly owned by subsidiaries of its operating partnership and operate under the Hilton Worldwide, InterContinental Hotels Group and Starwood Hotels and Resorts brands and are managed on a day to day basis by MHI Hotels Services, LLC (MHI Hotels Services). It also owns a 25% indirect non-controlling interest in the Crowne Plaza Hollywood Beach Resort through a joint venture with Carlyle.
The Company leases its hotel properties to MHI Hospitality TRS, LLC (its TRS Lessee), which in turn has engaged MHI Hotels Services, an independent management company, to manage its hotels. Its TRS Lessee is a wholly owned subsidiary of MHI Hospitality TRS Holding, Inc. (MHI Holding, and collectively, MHI TRS). As of March 1, 2012, the Company�� portfolio consisted of the properties, including Crowne Plaza Hampton Marina, Crowne Plaza Tampa Westshore , Crowne Plaza Jacksonville Riverfront , Crowne Plaza Jacksonville Riverfront , ! DoubleTree by Hilton Brownstone - University and Holiday Inn Laurel West. As of December 31, 2011, the Company owns two leasehold interests in the Shell Island Resort, a 160-unit condominium resort property in Wrightsville Beach, North Carolina
Advisors' Opinion:- [By Marc Bastow]
Upscale hotel property real estate investment trust Sotherby (SOHO) raised its quarterly dividend 12.5% to 4.5 cents per share, payable on Jan. 1, 2014 to shareholders of record as of Dec. 13.
SOHO Dividend Yield:�3.87% - [By George Putnam]
Steve Halpern: Now, another pick that you have is Sotherly Hotels (SOHO). Could you tell us about that company?
George Putnam: Sure. This is a small-cap name. Like many others in the industry, it had to struggle a bit from 2008 and has devoted most of its attention to getting its balance sheet back in order, and some of its existing hotels fixed-up and repositioned.
Best Performing Companies To Watch For 2014: Team Inc.(TISI)
Team, Inc. provides specialty maintenance and construction services for maintaining high temperature and high pressure piping systems and vessels that are utilized in heavy industries. It offers inspection and assessment services, such as inspection and evaluation of piping, piping components, and equipment; field heat treating services, including electric resistance and gas-fired combustion; leak repair services comprising on-stream repairs of leaks in pipes, valves, flanges, and other parts of piping systems and related equipment; and fugitive volatile organic chemical emission leak detection services consisting of identification, monitoring, data management, and reporting. The company also provides hot tapping services, such as hot tapping, Line-stop, and Freeze-stop services; field machining services, including the use of portable machining equipment to repair or modify machinery, equipment, vessels, and piping systems, as well as flange facing, pipe cutting, line bori ng, journal turning, drilling, and milling services; and technical bolting services comprising the use of hydraulic or pneumatic equipment with bolt tightening techniques for leak-free connections, plant maintenance, and expansion projects, as well as bolt disassembly and hot bolting services. In addition, it offers field valve repair services consisting of on-site repairs to manual and control valves, and pressure and safety relief valves, as well as specialty valve actuator diagnostics and repair. The company markets its services to companies in a various heavy industries, which include the petrochemical, refining, power, pipeline, steel, pulp and paper, and shipbuilding industries, as well as to municipalities, original equipment manufacturers, distributors, and engineering and construction firms. It operates in the United States, Canada, Europe, and internationally. The company was founded in 1973 and is headquartered in Alvin, Texas.
Advisors' Opinion:- [By Ben Levisohn]
Team Inc.�(TISI) has dropped 11% after the company missed its earnings forecast and lowered guidance.
Monsanto�(MON) has dropped 2.2% to $103.15 after the agricultural-products company reported a loss of 47 cents a share, missing analyst forecasts for a loss of 43 cents, and said it would buy a firm that analyzes the weather.
- [By Seth Jayson]
When judging a company's prospects, how quickly it turns cash outflows into cash inflows can be just as important as how much profit it's booking in the accounting fantasy world we call "earnings." This is one of the first metrics I check when I'm hunting for the market's best stocks. Today, we'll see how it applies to Team (NYSE: TISI ) .
- [By Monica Gerson]
Team (NYSE: TISI) lowered its annual earnings outlook. Team shares tumbled 10.63% to $35.75 in the after-hours trading session.
Synergetics USA (NASDAQ: SURG) reported its FQ4 earnings of $0.06 per share on revenue of $17.9 million. However, analysts were projecting earnings of $0.05 per share on revenue of $17 million. Synergetics USA shares dipped 11.82% to $4.40 in the after-hours trading session.
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