Keubiko • 52 Comments
Fri, May 6, 12:59 PM
- Q1's net loss of $7.5M, or $0.15 per share included a $10.3M or $0.21 per share loss from the agribusiness segment thanks to the ending of sugar operations at Hawaiian Commercial & Sugar Company.
- Earnings one year ago of $25.3M included a profit from agribusiness of $1.2M.
- Leasing operating profit of $14.1M up 6.8%. Development & Sales operating loss of $3.8M down from profit of $32M a year ago (thanks to sale of 328 condo units). Materials & Construction operating profit of $8M up 11.1%.
- Previously: Alexander & Baldwin EPS of -$0.15 (May 5)
- ALEX -5.4%
Sep. 3, 2013, 5:35 PM
Oct. 1, 2012, 3:42 PM
Brookfield Residential (BRP +5.3%) shoots higher after a positive presentation from Mick McGuire at the Value Investing Congress. BRP boasts 30 years' worth of undervalued property, says Marcato Capital's McGuire; he also likes Alexander & Baldwin (ALEX -2.4%) and GenCorp (GY +3.4%) on the basis of their undervalued real estate assets.| Oct. 1, 2012, 3:42 PM | 1 Comment
Jun. 22, 2012, 10:39 AM
Feb. 14, 2012, 4:23 PM
Dec. 2, 2011, 9:45 AMAlexander & Baldwin (ALEX +10.1%) says it plans to split itself into two companies, one with interests in real estate and agriculture with the other in ocean transportation and logistics, in a very weak shipping market. The separation is expected to be completed in the second half of next year. | Dec. 2, 2011, 9:45 AM
Sep. 28, 2011, 1:32 PMOil shipping stocks take a hit after Bank of America Merrill Lynch slashes its 2011 and 2012 spot-rate forecasts due to a weak macro environment. The firm cuts both DHT Holdings (DHT -5.8%) and Teekay Tankers (TNK -8.3%) to underperform (I, II). Other peers trading lower: Alexander & Baldwin (ALEX -2.9%), Seacor (CKH -2.3%), Kirby (KEX -1.6%). | Sep. 28, 2011, 1:32 PM | 2 Comments