10:23 AMPicks and Pans from the Pros: Soros: China (PGJ, FXI) , India (INP), Brazil (EWZ) Paulson: Capital One (COF), JPMorgan (JPM), CB Richard Ellis Group (CBG), Petro-Canada (PCZ) Fournier: WellPoint (WLP), Foundation Coal (FCL), PHH Corp. (PHH)
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Wednesday, June 10, 2009
14:30 PM
CB Richard Ellis Group (CBG +14.5%) leads all S&P 500 constituents today after announcing plans to raise $550M through share and bond sales, including a $100M share sale to high-profile hedge fund Paulson & Co. The commercial property broker has $310M in debt due next year, and another $2.28B in 2011.
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06:42 AMCB Richard Ellis Group (CBG): Q1 EPS of -$0.03 misses by $0.05. Revenue of $890M (-27.7%) vs. $983M. Shares -0.15% AH. (PR) (-from Wed. evening)
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08:54 AMCB Richard Ellis (CBG) +28% premarket after it announced a credit agreement amendment to provide flexibility during economic recession late Tuesday. JPM upgrades to Overweight. JMP upgrades to Outperform.
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Wednesday, February 11, 2009
06:50 AMCB Richard Ellis Group (CBG): Q4 EPS of $0.37 beats by $0.10. Revenue of $1.28B (-30.1%) vs. $1.4B. Shares +11.4% AH. (PR) (-from Tue. evening)
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