Top NYSE Percentage Stocks Losers were AGM, CRI, AFN reported by Penny Stock Pick Aler
Penny Stock Pick Alert reports that Top NYSE Percentage Stocks Losers were Federal Agricultural Mortgage Corp, Carter's and Alesco Financial.
(EMAILWIRE.COM, November 11, 2009 ) Dallas, TX- Federal Agricultural Mortgage Corp. (NYSE:AGM) decreased 19.03% to end the day at $7.53 after the company reported yesterday continued progress during third quarter 2009, as the Corporation showed strong GAAP earnings for the third straight quarter, improved its risk bearing capacity and strengthened its balance sheet. For third quarter 2009, Farmer Mac’s net income available to common stockholders was $17.9 million as compared to the third quarter 2008 net loss of $106.1 million.
Carter's, Inc. (NYSE:CRI) plunged 9.07% to close at $21.86 after the company said in a regulatory filing on Tuesday that the company would restate results for some periods beginning fiscal 2004, the children's clothing retailer. Late last month, Carter's said it would delay posting results as it needed more time to complete a review of its accounting for margin support provided to its wholesale customers. As a result of this review, the company concluded on Tuesday that its previously issued financial statements for the fiscal years 2004 through 2008, and the fiscal quarters from Sept 29, 2007 through July 4, 2009, should be restated.
Alesco Financial Inc. (NYSE:AFN) went down 10.61% to close at $0.715 after the company yesterday announced financial results for the three-months and nine-months ended September 30, 2009. AFN's net loss for the three-month period ended September 30, 2009 was primarily attributable to the operations of consolidated securitization entities and includes net changes in the fair value of financial instruments of ($226.2) million, net realized losses on sale of assets of ($38.5) million, and loan loss provisions of ($34.7) million.
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Carter's, Inc. (NYSE:CRI) plunged 9.07% to close at $21.86 after the company said in a regulatory filing on Tuesday that the company would restate results for some periods beginning fiscal 2004, the children's clothing retailer. Late last month, Carter's said it would delay posting results as it needed more time to complete a review of its accounting for margin support provided to its wholesale customers. As a result of this review, the company concluded on Tuesday that its previously issued financial statements for the fiscal years 2004 through 2008, and the fiscal quarters from Sept 29, 2007 through July 4, 2009, should be restated.
Alesco Financial Inc. (NYSE:AFN) went down 10.61% to close at $0.715 after the company yesterday announced financial results for the three-months and nine-months ended September 30, 2009. AFN's net loss for the three-month period ended September 30, 2009 was primarily attributable to the operations of consolidated securitization entities and includes net changes in the fair value of financial instruments of ($226.2) million, net realized losses on sale of assets of ($38.5) million, and loan loss provisions of ($34.7) million.
ABOUT http://www.PennyStockPickalert.com
Penny Stock Pick Report is an independent electronic publication that provides information on selected publicly traded companies. Penny Stock Pick Report is not a registered investment advisor or broker-dealer. Penny Stock Pick Report affiliates, directors, officers, and employees may purchase and sell additional shares in any company which are mentioned above and may profit in the event those shares rise in value. Please does your research before you plan to invest in any of the stocks mentioned above.
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PennyStockPickAlert.com
Robert Wilson
Tel: 214 556 6798
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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