Where Opportunity is Found: New Research onConstellium, Corning, Covanta Holding, Culp, and CVR Partners
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, December 17, 2014 /PRNewswire/ --
Moments ago, Realtime Equities released new analyst updates concerning several important developing situations including Constellium (NYSE: CSTM), Corning (NYSE: GLW), Covanta Holding (NYSE: CVA), Culp (NYSE: CFI), and CVR Partners (NYSE: UAN). Realtime Equities is the leader in realtime news, commentary and analysis - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links at the bottom.
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Analyst Update: Pricing of Offering,Product Deployment, Commencement of Operation, and Quarterly Results
Reviewed by: Rohit Tuli, CFA®
The US stock market on Tuesday witnessed its most volatile session since mid-October. Markets ended on a negative note amid slumping oil prices and growing chaos in Russia, represented by a massive decline of the ruble. The NASDAQ Composite edged 1.24% lower, the Dow Jones Industrial Average declined 0.65% and the S&P 500 fell 0.85%. A global emerging -market selloff which started on Monday, further pressurized Asia and the Asian stock market on Tuesday, which ended the day in red. On the other hand, the European Markets on December 16, 2014 closed on a positive note led by a surge in energy shares. Further, positive data from a German analyst, an investor sentiment ZEW survey and a fund manager survey from Bank of America Merrill Lynch helped sustain the investor sentiment in the European Market.
Constellium NV (Constellium) has priced a private offering of $400 million of U.S. dollar denominated senior notes due 2023 and €240 million of euro denominated senior notes due 2023. Both the notes will pay interest semi-annually in arrears. U.S. Dollar Notes will bear interest at a rate of 8.00% per annum, while the Euro Notes will bear interest at a rate of 7.00% per annum.
Samsung has selected Corning Incorporated's (Corning) 0.4 mm thick Corning Gorilla Glass 4 as the discrete touch cover glass to be used in their sleekest smartphone ever - the Galaxy ALPHA. Gorilla Glass 4 is the Company's most damage-resistant cover glass to date that markedly improves protection against cover glass damage during device drops.
Covanta Holding Corp. (Covanta Holding) has assumed operations of the Pinellas County Resource Recovery Facility located in St. Petersburg, Florida. Covanta Holding was selected to operate the facility for a 10-year term following a competitive procurement process.
Culp, Inc. (Culp) reported strong second quarter fiscal 2015 financial results as top line witnessed improvement, led by 6.7% YoY growth in mattress fabric sales and 2.3% YoY growth in upholstery fabric sales. The Company also provided guidance for third quarter and full-year fiscal 2015.
CVR Partners LP (CVR Partners) reported weak third quarter 2014 financial results as bottom line witnessed a decline of 35.5% YoY, while top line also fell during the quarter. Operating income for the quarter reduced 32.4% YoY to $14.4 million.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
CSTM Research Report: ( http://get.realtimeequities.com/pdf/?c=Constellium&d=17-Dec-2014&s=CSTM ),
GLW Research Report: ( http://get.realtimeequities.com/pdf/?c=Corning&d=17-Dec-2014&s=GLW ),
CVA Research Report: ( http://get.realtimeequities.com/pdf/?c=Covanta%20Holding&d=17-Dec-2014&s=CVA),
CFI Research Report: (http://get.realtimeequities.com/pdf/?c=Culp&d=17-Dec-2014&s=CFI ),
UAN Research Report: ( http://get.realtimeequities.com/pdf/?c=CVR%20Partners&d=17-Dec-2014&s=UAN ).
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Realtime Equities, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Realtime Equities in this article or report according to the procedures outlined by Realtime Equities. Realtime Equities is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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SOURCE RealtimeEquities.com
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