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ALX, ENZ, CMG, AVOT, MMS - Market Report From DrStockPick.com!

Alexander's Inc. (NYSE:ALX) announced that its Board of Directors has declared an increased quarterly dividend of $3.00 per share (a new indicated annual rate of $12.00).

FOR IMMEDIATE RELEASE

 
PRLog (Press Release) - Jan. 17, 2011 - Alexander's Inc. (NYSE:ALX) announced that its Board of Directors has declared an increased quarterly dividend of $3.00 per share (a new indicated annual rate of $12.00). The former annual rate was $10.00 per share. The increased dividend will be payable on February 22, 2011 to stockholders of record on January 28, 2011.

Alexander’s, Inc., a real estate investment trust (REIT), engages in leasing, managing, developing, and redeveloping properties in the greater New York City metropolitan area. The company’s properties include office and retail properties, and shopping centers.

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Enzo Biochem, Inc. (NYSE:ENZ) reported improved sequential results for the first fiscal quarter ended October 31, 2010, the result of recent programs to reduce expenses, consolidate activities and expand operations.

Among the quarter’s highlights (all references are to sequential quarter over quarter results, normalized for an inventory charge and severance of $1.8 million where applicable):

   * Enzo Life Sciences, benefiting from increased emphasis on higher margin products, realized a greater than 100% gain in operating income.
   * Enzo Clinical Labs increased revenues 6%, while reducing the operating loss 62%.
   * Company-wide, gross margin increased $2.0 million or 17%.
   * Operating expenses decreased 7%, or to 57% of revenues, from 63%.
   * EBITDA, a non-GAAP measure, was $23,000, an improvement of $2.9 million from the prior quarter.
   * Net loss for the quarter was reduced 70%.

Total revenues for the first quarter of fiscal 2011 increased to $25.7 million, from $25.2 million a year ago, or 2%, despite slightly lower revenues at Life Sciences resulting from a program to emphasize higher margined products, and advanced 3% sequentially. Enzo Clinical Labs benefited from an increase in market share and a new provider contract.

Enzo Biochem, Inc., is a growth-oriented integrated life sciences and biotechnology company focused on harnessing biological process to develop research tools, diagnostics and therapeutics, and serves as a provider of test services, including esoteric tests, to the medical community. Its catalog of over 30,000 products serves the molecular biology, drug discovery and pathology research markets worldwide. Enzo Clinical Labs provides laboratory services for a growing roster of physicians in the New York Metropolitan area, Eastern Pennsylvania and New Jersey. Its tests include, in addition to routine tests, capabilities for detecting molecular infection disease, molecular oncology, autoimmune disorders and genetics. Enzo Clinical Labs also provides clinical diagnostic services that allow Enzo to capitalize on its extensive advanced molecular and cytogenetic capabilities and the broader trends in predictive and personalized diagnostics. Enzo Therapeutics is a biopharmaceutical venture that has developed multiple novel approaches in the areas of gastrointestinal, infectious, ophthalmic and metabolic diseases. It has focused its efforts on developing treatment regimens for diseases and conditions for which current treatment options are ineffective, costly, and/or cause unwanted side effects. In the course of the company’s research and development activities, Enzo has also developed a substantial portfolio of intellectual property asset with patent coverage across a number of key technologies

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American Video Teleconferencing Corp. (Pink Sheets:AVOT) is pleased to announce that it is presently in final discussions to enter into a formal agreement to acquire an exclusive option on a molybdenum property in the Otter lake area in the province of Quebec, Canada.

The property has been dormant since the 1960's when Hupon Mining and Exploration carried out surface work, stripping, trenching and a minor drill program of 445 feet contained in 11 drill holes. Some of the sample results from the trenching in 1962 showed 0.94% to 25% molybdenum averaging 5-10%. These values were obtained from assessment files in the Department of Mines in Quebec City.

This property is only one of several advanced stage properties American Video has under consideration in the province of Quebec.

Rare earth elements have become irreplaceable in clean tech such as hybrid and electric car motors, high-efficiency light bulbs, solar panels and wind turbines. They also play a key role in defense technologies such as cruise missiles, radar and sonar and precision-guided weapons.

Experts warn that the U.S. depends upon China for almost its entire supply of rare earths, and has let its own rare earth production languish despite having about 15 percent of the world's reserves. A draft of a Chinese rare earths plan for 2009-2015 states that China's own industrial demand could soon lead to restrictions or bans on the export of rare earths.

American Video will aggressively continue to search world-wide for opportunities in Precious, Base and Rare Earths metal projects.

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MAXIMUS, Inc. (NYSE:MMS) announced that its Board of Directors has approved a 25% increase to the Company’s quarterly cash dividend. The $0.15 per share dividend is payable on February 28, 2011 to shareholders of record on February 15, 2011.

MAXIMUS, Inc. provides operations program management and consulting services to state and local government agencies, federal agencies, and commercial customers primarily in the United States.

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Chipotle Mexican Grill, Inc. (NYSE:CMG) announced that it will host a conference call to discuss fourth-quarter and full-year 2010 financial results on Thursday, February, 10 2011 at 4:30 PM eastern time. A press release with fourth-quarter and full-year 2010 financial results will be issued at approximately 4:00 PM eastern time that same day.

Chipotle Mexican Grill, Inc. engages in the development and operation of fast-casual, fresh Mexican food restaurants in the United States and Canada.

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Source:Karl McMahon
Industry:Business, Finance, Stocks
Tags:alexander, american video teleconferencing, avot.pk, biomedical, biotechnology, Canada, chipotle mexicangrill, enz, enzo
Shortcut:prlog.org/11227908
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