TMCnet News
Companies to watch: CRWE, UBNK, GAIN, KWCrown Equity Holdings, Inc. - (OTC:CRWE) is a company utilizing today's technology to advertise, promote and market public companies globally. CRWE's proprietary network technology allows their publishing department to get their content to millions of readers daily across the world. CRWE publishes financial content to all the major countries and covers all the accredited stock exchanges. Crown Equity Holdings is currently in the process of expanding its in-house IT infrastructure. Although their current web page load time is better than 75% of other internet websites, when completed, the modifications will raise this load time to better then 90% of other internet websites while increasing website visitor capacity by 400%. The company has also moved to a dedicated in-house advertising server, allowing for faster response and a wider variety of ad space offerings to those interested in advertising on their numerous internet and affiliate internet properties. *Recent News* CRWE announced that it has assigned its team of programmers that are developing and maintaining financial news websites in all the major countries with established and accredited stock exchanges to also establish websites for various cities within every state of the U.S. Ken Bosket, CEO of Crown Equity Holdings, Inc., stated, "Our goal for 2010 is to have all CRWE's clients' press releases, articles and news content published in every major financial country's native language, as well as within cities of every state of our country." Last: $.35 Change: -$.10(-22.22%) Volume: 11,902 Learn more about this company here: www.crownequityholdings.com --------------------------------------------------------- United Financial Bancorp, Inc. - (NASDAQ:UBNK) is a federally chartered stock bank, headquartered in West Springfield, Massachusetts. The Bank has been doing business in the greater Springfield area since 1882. Today, the Bank has over $1.5 billion in assets and offices throughout the Springfield and Worcester regions. The company's product offering includes something for everyone from personal (free) checking, online banking and our Capital Growth Account (with premium rates) to residential mortgages and consumer lending products and a complete line of business banking and commercial lending products. And, United Bank customers enjoy FDIC deposit insurance protection, which has temporarily increased from $100,000 to $250,000 per depositor through December 31, 2013. (Deposits in ‘self-directed’ retirement accounts are insured separately up to $250,000.) *Recent News* UBNK reported net income of $1.8 million, or $0.11 per diluted share, for the first quarter of 2010 compared to net income of $2.1 million, or $0.14 per diluted share, for the corresponding period in 2009. Excluding acquisition related costs totaling $979,000 ($808,000 net of tax benefit) net income would have been $2.6 million, or $0.16 per diluted share, for the first quarter of 2010. The improved quarterly operating results (excluding acquisition related expenses) were primarily due to growth in net interest income, driven by net interest margin expansion and an increase in average interest earning assets, as well as an increase in fee income. These items were partially offset by a higher provision for loan losses, a $145,000 non-cash, non-deductible charge for other-than-temporary-impairment of an investment security and an increase in non-interest expense. The improvement in earnings per share (excluding acquisition related costs) was influenced by growth in earnings (excluding acquisition related costs) and the positive impact of stock repurchases. The Company also announced a quarterly cash dividend of $0.07 per share, payable on May 27, 2010 to shareholders of record as of May 6, 2010. Last: $13.88 Change: +$.23(+1.68%) Volume: 17,194 Continue your research on this company here: http://www.bankatunited.com ------------------------------------------------------ Gladstone Investment Corporation - (NASDAQ:GAIN) is a business development company. Their investment objective is to generate both current income and capital gains through debt and equity investments in small and mid-sized businesses in the United States. The company's longer-term primary investment focus will be situations involving buyouts and recapitalizations of small and mid-sized companies with established management teams. GAIN announced recently that it sold its equity investment and received full repayment of its debt investment in A. Stucki Holding Corporation ("A. Stucki") in connection with the acquisition of 100% of the outstanding capital stock of A. Stucki by an affiliate of Quad-C Management, Inc., together with certain members of the management of A. Stucki. The net cash proceeds to the Company from the sale of its equity in A. Stucki were $21.7 million, resulting in a realized gain of $17.2 million. At the same time, the Company has received $30.6 million in payment of its principal, accrued interest and fees on the loans to A. Stucki. In March 2007, Gladstone Investment made its original equity investment and provided debt financing in support of a management-led buyout of A. Stucki. This is a 5.0 times return on our equity investment, including dividends received, in a bit over three years, which equates to a 65.7% annual return on our equity investment. "Gladstone Investment has enjoyed an excellent working relationship with the talented management team at A. Stucki. The team has achieved outstanding results in growing the business and building value in a challenging economic environment," said Dave Dullum, the Company's President. "In addition to the monthly dividends we pay to our stockholders from the current income on our debt and mezzanine investments, we also seek to achieve capital gains from the equity portions of our investments. In this regard, the A. Stucki transaction is a significant and successful realization of a capital gain from our investment strategy. We look forward to more investments like this one." Last: $5.92 Change: +$.09 (+1.54%) Volume: 37,479 For more information visit http://www.gladstoneinvestment.com ----------------------------------------------------- Kennedy-Wilson Holdings, Inc. - (NYSE:KW) operates as a diversified real estate company that provides investment and real estate services in the United States and Japan. The company operates in two business units, KW Investments and KW Services. The KW Investments business unit co-invests through separate accounts and closed-end funds in the acquisition of real estate, including office, multi-family, loans, retail, hotels, residential condominiums, and land for development. KW announced the acquisition of NoHo 14, a 180-unit condominium project located in North Hollywood, CA. Guardian Life Insurance Company and RECP/Urban Partners participated as partners in the investment, which was purchased as an REO asset from Bank of America. “We are excited about our continued relationship with Bank of America and about participating in and closing this transaction,” Robert Hart, president and CEO of Kennedy Wilson’s Multifamily Management Group, commented. Cigna provided $40 million of five year fixed-rate acquisition financing to the venture. Jeremy Byrne, vice president of Cigna, stated, “NoHo 14 is a high quality apartment property that we are very pleased to be a part of.” Kennedy Wilson is a strategic investor and manager of value-added and core portfolio income properties, both in partnership with institutional investors and in wholly owned projects in the United States and Japan. The company often sees opportunities first by virtue of their far-reaching market intelligence network, particularly on the West Coast. KW is expert at every phase of property acquisition and investment, ownership, repositioning and disposition. In fact, we thrive on rehabilitating and repositioning assets based on our perception of market need and the properties' future marketability. Last: $10.18 Change: +$.08 (+.79%) Volume: 22,812 http://www.kennedywilson.com ******************************************* Sign-Up For Free Hot Stock Alerts At http://stockhottips.com/signup ******************************************* THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! Disclaimer: Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment.StockHotTips.com publisher and its affiliates and contractors are not registered investment advisers or broker/dealers. Our disclaimer is to be read and fully understood before using our site, reading our newsletter or joining our email list. Release of Liability: Through use of this website viewing or using, you agree to hold StockHotTips.com report and Crown Equity Holdings, Inc. CRWE, its operators, shareholders, employees and/or contractors harmless and to completely release them from any and all liability due to any and all loss (monetary or otherwise), damages (monetary or otherwise) that you may occur. (read more ) Rule 17B requires disclosure of payment for investor relations. As a community-building service, TMCnet allows user submitted content which is not always proofed by TMCnet editors. If you feel this entry is of inferior quality or wish to report it for some reason, please forward the URL to "webedit [AT] tmcnet [DOT] com" with your comments. |