Share Repurchase Programs, Upcoming Events, New Services, and CEO Response to New Legislation - Research Reports on Precision Castparts, GNC, Abercrombie & Fitch, Entergy and Duke Energy
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NEW YORK, August 25, 2014 /PRNewswire/ --
Today, Analysts Review released its research reports regarding Precision Castparts Corp. (NYSE: PCP), GNC Holdings Inc. (NYSE: GNC), Abercrombie & Fitch Co. (NYSE: ANF), Entergy Corporation (NYSE: ETR) and Duke Energy Corporation (NYSE: DUK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5944-100free.
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Precision Castparts Corp. Research Reports
On August 13, 2014, Precision Castparts Corp. (Precision Castparts) informed that its Board of Directors has approved a $1 billion expansion to the Company's existing share repurchase program, effective immediately and continuing through September 30, 2016. According to the Company, its Board had previously authorized share repurchase program of $1.5 billion, of which the Company had used $1.24 billion as of August 12, 2014. "The Board of Directors' continued endorsement of our share repurchase program reinforces our confidence in our solid capabilities for growth and cash generation, as well as in our strong operating performance going forward," said Mark Donegan, Chairman and CEO of Precision Castparts. "Our primary use of cash will continue to be to support our value-creating acquisition strategy. At the same time, however, the strength of our balance sheet enables us to be opportunistic buyers of our common stock." In addition, the Company's Board of Directors also declared a quarterly cash dividend of $0.03 per share on the Company's common stock payable on September 29, 2014, to shareholders of record at the close of business on September 5, 2014. The full research reports on Precision Castparts are available to download free of charge at:
http://www.analystsreview.com/Aug-25-2014/PCP/report.pdf
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GNC Holdings Inc. Research Reports
On August 13, 2014, GNC Holdings Inc. (GNC) announced that its Board of Directors has approved a $500 million share repurchase program, effective immediately. The Company stated that the new buyback plan, replaces the Company's previously authorized repurchase program which had approximately $250 million remaining. GNC said it may finance any repurchases with cash, potential financing transactions, or a combination of the foregoing. The repurchases are expected to take place over the next 24 months with the amount and timing determined by the Company based on its financial condition, business opportunities and the market conditions at the time. "Today's announcement reflects our confidence in the business and its ability to continue to deliver strong free cash flow," said Mike Hines, Chairman of GNC. "We remain committed to our capital allocation strategy, which is designed to both support growth and to return capital to shareholders. Increasing our share repurchase program is a very important component of this, and underscores the Board's continued commitment to creating shareholder value." The full research reports on GNC are available to download free of charge at:
http://www.analystsreview.com/Aug-25-2014/GNC/report.pdf
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Abercrombie & Fitch Co. Research Reports
On August 8, 2014, Abercrombie & Fitch Co. (Abercrombie & Fitch) reported that it will announce its Q2 2014 financial results on August 28, 2014 through a press release shortly after 7:30 a.m. The Company informed that it will hold a conference call on the same day at 8:30 a.m. EDT to discuss its performance. Abercrombie & Fitch stated that the live webcast of the call and archive of the same for 12 months will be available on its website. Analysts polled by Bloomberg expect the Company to report Q2 2014 EPS of $0.12 and Q2 2014 revenues of $910 million. The full research reports on Abercrombie & Fitch are available to download free of charge at:
http://www.analystsreview.com/Aug-25-2014/ANF/report.pdf
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Entergy Corporation Research Reports
On August 19, 2014, Entergy Mississippi, Inc., a subsidiary of Entergy Corporation, issued a press release informing customers about its website tools and assistance programs to reduce the electricity bills as summer kicks in. Entergy said that its 'Analyze My Bill' tool allows customers to learn how much energy they use month to month, and pinpoint where they can save money. The Company informed that its 'Money-saving calculators' helps customers determine the best cost-cutting scenarios to suit their lifestyle, home and billing needs, while its 'Customer assistance programs' can provide a helping hand to qualified customers struggling to keep safe and cool. The full research reports on Entergy are available to download free of charge at:
http://www.analystsreview.com/Aug-25-2014/ETR/report.pdf
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Duke Energy Corporation Research Reports
On August 20, 2014, Duke Energy Corporation's (Duke Energy) President, CEO and Vice Chairman Lynn Good issued a statement in response to the North Carolina General Assembly's approval of the 2014 Coal Ash Management Act. "The comprehensive action by North Carolina lawmakers gives Duke Energy direction to move forward with a stronger standard for the management of coal ash at our facilities. We will immediately begin adapting our strategy to meet the requirements in the 2014 Coal Ash Management Act." According to a Wall Street Journal report dated August 20, 2014, the new Coal Ash Management Act seeks to regulate coal-ash pits and clean up decades of toxic waste generated by coal-burning electricity plants. The full research reports on Duke Energy are available to download free of charge at:
http://www.analystsreview.com/Aug-25-2014/DUK/report.pdf
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