October 17, 2013 |
Instead of searching for hidden gems, the managers of AdvisorShares' short-only Ranger Equity Bear fund spend their days scouring the stock market for sinking ships. Brad Lamensdorf and John Del Vecchio, co-managers of the exchange-traded fund, have targeted four companies they believe will cut dividends because of cash-flow problems, making them less attractive to investors: -- Diebold Inc., a North Canton, Ohio, company that makes ATMs, voting machines and security equipment.
October 8, 2013 |
Five years after Washington bailed out more than 700 banks, the money has become a burden for more than 100 community banks that can't seem to repay it. About a dozen of those are in California, and they are facing increasing pressure as the federal government looks to close out the Troubled Asset Relief Program, or TARP. The banks will soon face a big increase in the annual dividend they must pay the government on its investment - to 9% from 5%. Some of the banks will have to sell out or bring in new shareholders - who might demand control of the institution in exchange for the cash infusion.
CALIFORNIA | LOCAL
August 30, 2013 |
It started as a social club, a way for a bunch of Westside workaholics to carve out time for fun while doing a few good deeds on the side. As comfortable alums of prestigious schools, with satisfying careers, they wanted their friendship to become a lever of social change. "We were part of that generation in the '60s and '70s where social causes based on race and poverty came to the forefront," recalled investment banker Rob Deutschman. "We were all exposed to the civil rights movement, to Vietnam, to the campaigns against poverty in urban America.
August 12, 2013
The company: Autobytel Inc. Headquarters: Irvine Ticker: ABTL Employees: 122 Leadership: Jeffrey H. Coats, chief executive since 2008 2012 revenue: $66.8 million 2012 net income: $1.4 million Stock price: $6.11 52-week range: $3.40 to $6.39 P/E ratio: 30, based on estimated 2013 earnings Quarterly dividend: None
August 4, 2013
The company: Edison International Headquarters: Rosemead Ticker: EIX Employees: 16,600 Leadership: Ted Craver, chief executive 2012 revenue: $11.9 billion 2012 net loss: $92 million Stock price: $49.37 at Friday's close 52-week range: $42.57 to $54.19 P/E ratio: 15, based on estimated 2013 earnings Quarterly dividend: 33.75 cents a share
July 22, 2013
The company: Anworth Mortgage Asset Corp. Headquarters: Santa Monica Ticker: ANH Employees: 11 Leadership: Lloyd McAdams, president and chief executive since 1998 Fiscal 2012 revenue: $201.6 million Fiscal 2012 net income: $100.2 million Stock price: $5.16 at Friday's close 52-week range: $4.62 to $6.99 P/E ratio: 8.2 based on estimated 2013 earnings Quarterly dividend: ...