This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Tuesday's Financial Winners & Losers

Asset Acceptance Capital (AACC) plummeted after the Warren, Mich.-based buyer of poor-performing consumer debt posted a drop in second-quarter income. The company earned $12.4 million, or 33 cents a share, compared with $16.3 million, or 44 cents a share, a year ago.

Revenue slipped 2.9% to $66.8 million. The company said the year-over-year decline in revenue was primarily attributable to a $5.5 million net impairment charge compared to a $1.7 million net impairment charge in the second quarter a year ago. Wall Street was looking for the company to earn 38 cents a share on revenue of $70.5 million. Shares fell $2.66, or 14.2%, to $16.08.

Sizeler Property Investors (SIZ) slipped after the Kenner, La.-based real-estate investment trust said it signed a deal to sell itself to buy Toronto-based Revenue Properties. The proposed all-cash deal values Revenue Properties shares at $15.10, or $323.5 million. The purchase price represents a discount to Sizeler's Monday close of $15.41 a share. In light of the proposed discount, a Ferris Baker Watts analyst downgraded the stock to sell from buy. Shares dropped 70 cents, or 4.5%, to $14.71 recently.

AmeriCredit (ACF) fell after the automobile finance company reported late Monday that fourth-quarter earnings rose 2.5% year over year. The company earned $78.8 million, or 55 cents a share, in the quarter ended June 30, compared with $76.9 million, or 48 cents a share, a year ago. Analysts polled by Thomson Financial were expecting earnings of 55 cents a share.

The Fort Worth, Texas-based company reaffirmed its earlier fiscal 2007 earnings guidance. The company says it expects to earn between $2.15 and $2.35 a share for the year. Analysts are expecting earnings of $2.45 a share. Shares slipped 78 cents, or 3.1%, to $24.03 recently.

Patriot Capital Funding (PCAP) gained after the Westport, Conn.-based specialty finance company raised its quarterly dividend 6.8% to 31 cents a share. Shares gained 31 cents, or 2.77%, to $11.50.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs