Monday's Small-Cap Winners & Losers
Koppers Holdings (KOP) gained after the Pittsburgh-based company, which produces chemicals, carbon compounds and treated wood products, swung to a third-quarter profit. The company posted earnings of $12.4 million, or 59 cents a share, and revenue increased 17% to $314.4 million. The company also confirmed its full-year guidance of 13% to 15% increases in revenue and adjusted earnings before items. Shares were trading up 81 cents, or 4%, to $21.22.
Columbia Equity Trust (COE) rose after the Washington, D.C.-based company agreed to be acquired by JPMorgan Asset Management's Special Situation Property Fund for $19 a share. The purchase price is a 12.4% premium over Columbia's closing price on Nov. 3. The merger is expected to be completed during the first quarter of 2007. Shares were climbing $1.88, or 11.1%, to $18.79.
Shares of Phazar (ANTP) soared more than 30% after the company's Antenna Products unit received a $798,617 contract from the General Services Administration in Fort Worth, Texas. Shares of Phazar were up $1.53 to $6.20.
American States Water (AWR) slumped after the San Dimas, Calif.-based company reported a drop in third-quarter earnings. The company posted earnings of $5.6 million, or 32 cents a share, down from $12.2 million, or 72 cents a share, a year ago. Revenue increased 8.3% to $73.7 million. The company said last year's results included a favorable regulatory decision that added about $4.3 million, or 25 cents a share, to net income, while this year, American States took a pretax unrealized loss on purchased power contracts totaling $2.8 million, or 10 cents a share. Shares were trading down $2.02, or 4.9%, to $38.88.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV