DrStockPick.com Stock Report! 9/04/09, LUV, PIVN, BCO, UDR, DANR, ESEA
DrStockPick.com Stock Report!
Friday September 4, 2009
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Southwest Airlines Co. (NYSE: LUV) announced today that the Company flew 6.7 billion revenue passenger miles (RPMs) in August 2009, a 1.0 percent increase from the 6.6 billion RPMs flown in August 2008. Available seat miles (ASMs) decreased 6.1 percent to 8.3 billion from the August 2008 level of 8.9 billion. The load factor for the month was 80.2 percent, compared to 74.6 percent for the same period last year. For August 2009, passenger revenue per ASM is estimated to have decreased in the five to six percent range as compared to August 2008.
Phoenix International Ventures, Inc. (OTCBB: PIVN) announced today that its wholly owned subsidiary, Phoenix Aerospace Inc., has received an aggregate of $1,047,000 in new purchase orders. One of the orders is to supply ground support equipment to a major aerospace corporation and the other order is to design engine trailer adapters.
The Brink’s Company (NYSE: BCO), a global leader in security-related services, announced that it now holds a 78% majority interest in Brink’s Arya, a cash handling and secure logistics company based in Mumbai, India. Brink’s, which has owned 40% of Brink’s Arya since 1981, purchased an additional 38% stake in the company from private partners. Terms of the transaction were not disclosed.
UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust (REIT), today announced the expiration and final results of its previously announced cash tender offer for its 81/2% Debentures Due September 15, 2024 (CUSIP No. 910197AC6)(the “Notes”).
Dana Resources (OTCBB: DANR), a US-based precious metals development company with advanced stage gold properties in Peru, is pleased to announce that Dana common shares are traded on the Frankfurt Stock Exchange under the symbol OD0 (WKN: A0RMPH). Further, Dana Resources is also listed under the same symbol on the Berlin, Xetra and Stuttgart Exchanges in Germany.
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that Tasos Aslidis, Chief Financial Officer of Euroseas will be presenting at the Jefferies 6th Annual Shipping and Offshore Services Conference on Wednesday, September 9, 2009 at 8:00 am EDT in New York City.
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