TBAC, SORL, FDML were the Biggest Losers from Consumer Goods Sector
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(EMAILWIRE.COM, November 14, 2009 ) Dallas, TX - Tandy Brands Accessories, Inc. (NASDAQ:TBAC) declined 10.97% to $3.41 after the company reported results for the first quarter of fiscal 2010 ended September 30. At the end of the first quarter, Tandy had $1.9 million of cash and borrowings of $16.5 million under its $27.5 million credit facility. In October 2009, Tandy announced that it had signed a new amendment to its line-of-credit financing facility with Comerica Bank extending the term to April 2011 while reducing the interest rate.
Sorl Auto Parts, Inc. (NASDAQ:SORL) declined 13.48% to $7.06 on 490K shares after the company announced that for fiscal 2009, it expects approximately $120 million of sales revenue and $11 million of net income attributable to common stockholders. According to Reuters Estimates, analysts are expecting the Company to report net profit of $10 million on revenues of $115 million for the same period.
Federal-Mogul Corporation (NASDAQ:FDML) went down 5.45% to $12.31 after Goldman Sachs downgraded the company from Buy to Neutral. Federal-Mogul Corporation is a global supplier of a range of components, accessories and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace and industrial, energy and transport markets, including customers in both the original equipment manufacturers market and the replacement market.
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Sorl Auto Parts, Inc. (NASDAQ:SORL) declined 13.48% to $7.06 on 490K shares after the company announced that for fiscal 2009, it expects approximately $120 million of sales revenue and $11 million of net income attributable to common stockholders. According to Reuters Estimates, analysts are expecting the Company to report net profit of $10 million on revenues of $115 million for the same period.
Federal-Mogul Corporation (NASDAQ:FDML) went down 5.45% to $12.31 after Goldman Sachs downgraded the company from Buy to Neutral. Federal-Mogul Corporation is a global supplier of a range of components, accessories and systems to the automotive, small engine, heavy-duty, marine, railroad, agricultural, off-road, aerospace and industrial, energy and transport markets, including customers in both the original equipment manufacturers market and the replacement market.
ABOUT http://www.PennyStockPickAlert.com
Penny Stock Pick Alerts by PennyStockPickAlert.com. If you are planning to invest into Stock Market then you must subscribe to Free Stock Newsletter and Alerts. We are a leading stock web site that provides free stock alerts on hot penny stocks that are poised to make big gains. We also tracks small cap penny stocks that could be on the brink of a massive breakout.
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