Contracts, New Facilities, Acquisitions, Board Elections, and Awards - Analyst Notes on Diana Shipping, Convergys, Chegg, Cedar Fair and CACI
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NEW YORK, June 19, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Diana Shipping Inc. (NYSE: DSX), Convergys Corporation (NYSE: CVG), Chegg, Inc. (NYSE: CHGG), Cedar Fair, L.P. (NYSE: FUN) and CACI International Inc. (NYSE: CACI). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3867-100free.
Diana Shipping Inc. Analyst Notes
On June 13, 2014, Diana Shipping Inc. (Diana Shipping) announced that it has entered into a time charter contract with Glencore Grain B.V., Rotterdam, for its m/v "Oceanis" - a 75,211 dwt Panamax dry bulk vessel built in 2001. The gross charter rate is $9,000 per day, minus a 5% commission paid to third parties, for a period of minimum seven (7) months to maximum ten (10) months. The new charter period is expected to begin on June 19, 2014, and the Company anticipates to generate c. $1.9 million of gross revenue for the minimum scheduled period of the time charter. The Company's current fleet consists of 38 dry bulk vessels, and expects to 2 new-building Newcastlemax dry bulk vessels and one Kamsarmax dry bulk vessel during the Q2 2016. The present combined carrying capacity of Diana Shipping's fleet, not including the three vessels to be delivered, is approximately 4.21 million dwt with a weighted average age of 6.79 years. The full analyst notes on Diana Shipping are available to download free of charge at:
http://www.analystsreview.com/Jun-19-2014/DSX/report.pdf
Convergys Corporation Analyst Notes
On June 12, 2014, Convergys Corporation (Convergys) announced that it has moved operations from the center in Avenida Tiradentes to its new 4,000-square feet facility in Santo Domingo, with a capacity for over 850 employees providing services in English, Spanish, French and Portuguese to customers from some of the top telecommunications companies worldwide. The state-of-the-art, three-story building is located at Calle Victor Garrido Puello #23, Pianitini, and features cutting-edge technology with advanced network capabilities, conference rooms, a modern employee lounge, cyber-café, full-service cafeteria, plenty of parking lots, and many other amenities. The full analyst notes on Convergys are available to download free of charge at:
http://www.analystsreview.com/Jun-19-2014/CVG/report.pdf
Chegg, Inc. Analyst Notes
On June 3, 2014, Chegg, Inc. (Chegg) announced that it has agreed to acquire InstaEDU - a leading on-demand tutoring marketplace - for $30 million in cash, subject to customary closing conditions. The Company believes that the acquisition will be accretive to earnings as early as 2015 and expects it to close by the end of June 2014. The InstaEDU platform connects students with on-demand tutors in more than 2,500 subjects, which range from high school and standardized test prep, through advanced college concepts for as little as $0.40 per minute. Dan Rosensweig, Chairman and CEO of Chegg, said, "On-demand tutoring, anytime, anywhere, on any device is a very disruptive idea, and it's about time that high-quality tutoring was made affordable and accessible for all students through technology." The full analyst notes on Chegg are available to download free of charge at:
http://www.analystsreview.com/Jun-19-2014/CHGG/report.pdf
Cedar Fair, L.P. Analyst Notes
On June 4, 2014, Cedar Fair, L.P. (Cedar Fair) announced that Gina D. France, Matthew A. Ouimet and Tom Klein have been re-elected by the Company's unitholders to the Board of Directors of its general partner, Cedar Fair Management, Inc. The members have been re-elected for three-year terms which will expire in 2017. In addition, Deloitte & Touche LLP has been appointed as the Cedar Fair's independent registered public accounting firm by the limited partners, who also approved an advisory vote on the compensation of the Company's named executive officers. The full analyst notes on Cedar Fair are available to download free of charge at:
http://www.analystsreview.com/Jun-19-2014/FUN/report.pdf
CACI International Inc. Analyst Notes
On June 16, 2014, CACI International Inc. (CACI) announced that Dr. J.P. (Jack) London, Executive Chairman and Chairman of the Board, has received the Corporate Leadership Award from TechAmerica Foundation, recognizing Dr. London's leadership and outstanding contributions to the technology sector. The award was given at the Technology and Government Dinner held on June 12, 2014, in Washington, D.C. By receiving this recognition, Dr. London joins a distinguished group of recipients including Dave Cote of Honeywell, Vint Cerf of Google, Bill McDermott of SAP, and Kevin Johnson of Juniper. Dr. London serves as the President and CEO of CACI from 1984 to 2007, where he is regarded as the founder of the modern-era CACI. Under his leadership, the Company grew from a small consulting firm into a worldwide information solutions and services company. The full analyst notes on CACI are available to download free of charge at:
http://www.analystsreview.com/Jun-19-2014/CACI/report.pdf
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