The News Review:
- AT&T sets millions in community investment
- HP says no joint investment with Foxconn in Chongqing
- Financial Bailout Finds Partners n Alaskan Tundra
- Matrixx Initiatives (NasdaqGS: MTXX) – An Investing Parable
- Momentum targets region’s investment culture
- Monmouth Real Estate Investment Corporation Reports Nine-Month …
AT&T sets millions in community investment
Bizjournals.com
is in the midst of investing more than $865 million in social and environmental efforts across the country including Wisconsin. The investment will come on top of $17 billion to $18 billion in capital expenditures the company will make in 2009 approximately two-thirds of which will extend and enhance AT&T's wireless and wired broadband networks to provide more coverage speed and capacity to support increased consumer demand the company said Thursday. The Dallas-based telecommunications company reported the multiyear community investment in its 2008 Citizenship and Sustainability Report released Wednesday. The report highlights the firm's efforts to help strengthen education environmental and volunteerism programs to stimulate economic growth. “America’s future depends not only on the investments that companies like ours make in our people and our communities but also on how well those investments drive us to be more competitive globally” said Randall Stephenson chairman and chief executive officer of AT&T.
HP says no joint investment with Foxconn in Chongqing
Reuters
N) said on Thursday it is not investing jointly with Foxconn International Holdings (2038. HK) to develop a laptop computer manufacturing hub in Chongqing clarifing a news report earlier this week.
Financial Bailout Finds Partners n Alaskan Tundra
Wall Street Journal
ne of the companies set to manage funds in the Public Private Investment Program or PPIP is owned by the Inupiat Eskimos a tribe based in the vast tundra expanse of Alaska’s North Slope. The Inupiat have been hunters and whalers for centuries living in one of the most isolated and demanding environments on earth. A common joke says geologist and whaling boat captain Richard Glenn is that in the summer.
Matrixx Initiatives (NasdaqGS: MTXX) – An Investing Parable
istockAnalyst.com (press release) (press release)
The company makes and markets over-the-counter remedies in the following categories: Zicam Cold Remedy (68% of sales) Zicam Allergy Relief (17%) Multi-Symptom Cold and Flu (11%) Cough (4%) and a very small amount from recently launched antacid product Xcid. This is a cautionary tale a lesson learned – a parable of investing if you will. Not long ago Matrixx Initiatives was an attractive looking investment. Growth prospects were at least decent as the launch of Zicam into Canada had been successful Xcid had been launched and the company maintained a strong debt-free balance sheet to take advantage of any opportunities to acquire TC brands that had to be jettisoned due to FTC requirements of large pharmaceutical company mergers. Revenues were growing at 20% year-over-year rates.
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Momentum targets region’s investment culture
MLive.com
While pursuing potential business opportunities and helping young entrepreneurs get their footing is the primary focus the backers of the venture firm Momentum say their broader long-term goal is to drive a change in culture. Rick DeVos and his partners aim to build business cases for successfully investing in small startup companies they can use to convince other investors in the region to embrace agile nontraditional startup companies that “are not making widgets” but are often tech- or Web-based. “It’s to teach through example” DeVos said. As Michigan goes through a painful economic transition DeVos and his partners echo sentiments that a new age of entrepreneurism is crucial to creating a brighter economic future. But doing so requires a change in the risk tolerance of investors they say. “We just need to embrace a different mindset of how we’re investing in things and accept the failure that accompanies the risk that’s necessary to have vibrant new businesses” said DeVos Momentum’s founder and president and CE of Grand Rapids-based Spout.
Monmouth Real Estate Investment Corporation Reports Nine-Month …
PR Newswire (press release)
Common Shares utstanding 24813000 24038000 A summary of significant balance sheet information as of June 30 2009 and September 30 2008 is as follows: June 30 September 30 2009 2008 Total Real Estate Investments $342043000 $346605000 Securities Available for Sale $20702000 $21006000 Total Assets $387302000 $389078000 Mortgage Notes Payable $192215000 $191948000 Subordinated Convertible Debentures $13990000 $14990000 Loans Payable $19218000 $14551000 Total Shareholders’ Equity $153839000 $159911000 Eugene W. Landy President commented on the results of the nine months of the fiscal year 2009 “MREIC continues to perform well despite weakness in the overall economy. By investing in net-leased industrials on long-term leases to investment-grade tenants our income streams have proven to be resilient. For the nine month period the Company generated $15. 0 million in net cash from operating activities versus $12. 7 million in 2008 an increase of 18%. Management has renewed expiring leases with only one exception in fiscal 2009.