Forest Hill Capital Management is a fund managed by Mark Lee with current portfolio of $979 million, as per their 13F SEC filing. Forest Hill Capital has its primary focus in the financial industry with Sandy Spring Bancorp Inc. (NASDAQ:SASR), Regions Financial Corp (NYSE:RF), and UMB Financial Corporation (NASDAQ:UMBF) being its top holdings. (See complete…
Rackspace Hosting, Inc. (RAX) Decides to Stay Independent, Shares Plummet 17%
It was the worst surprise that Taylor Rhodes, new CEO of Rackspace Hosting, Inc. (NYSE:RAX), could have expected from the investors. Shares of Rackspace fell nearly 17% after the announcement that the company would stay independent and called off selling efforts. Rackspace Hosting, Inc. (NYSE:RAX) mentioned in its May SEC filing that the company is…
Steel Dynamics, Inc. (STLD) Shares Soar Amid Solid Third Quarter Earnings Forecast
The shares of Steel Dynamics, Inc. (NASDAQ:STLD) rose 3.8% after a strong profit forecast for the third quarter 2014. The company released its earnings guidance for the third quarter to stand at $0.34 to $0.38 per diluted share. The earnings guidance includes $34 million in accounting adjustments for Steel Dynamics, Inc. (NASDAQ:STLD)’s acquisition of Severstal…
United Natural Foods, Inc. (UNFI) Share Prices Soar After Fourth Quarter 2014 Results
United Natural Foods, Inc. (NASDAQ:UNFI) witnessed an upward rally in the extended trading session on Wednesday after the quarterly results of the company overthrew the market expectations. Shares of United Natural Foods reached $66.79 with a 5% increase in its share price while crossing Wall Street’s estimates on its earnings. United Natural Foods, Inc. (NASDAQ:UNFI)…
Apple Inc. (AAPL) HealthKit Develops Technical Flaw, Removed from iOS 8
Apple Inc. (NASDAQ:AAPL) has discovered a software bug in the much acclaimed Apple HealthKit and it might delay the launch of iOS 8. HealthKit is one of the most promising features of iOS 8, especially in terms of its utility in Apple Watch. Apple Inc. (NASDAQ:AAPL)’s spokeswoman, Trudy Muller, said, “We discovered a bug that…
Tesla Motors Inc (TSLA) Likely To Work With SolarCity Corp (SCTY); Gigafactory Might Power Houses in Future
Tesla Motors Inc (NASDAQ:TSLA)’s Gigafactory has raised concerns among analysts about the overall utilization of its production capacity. Tesla Motors Inc (NASDAQ:TSLA) is going to invest $5 billion in the factory, which is likely to create up to 6,500 jobs and the company is likely to reach 50 gigawatts of battery storage capacity by 2020.…
Yahoo! Inc. (YHOO) Rakes in Profits, Alibaba IPO Risky Yet Attractive Investment for U.S. Hedge Fund Managers
Yahoo! Inc. (NASDAQ:YHOO)’s Alibaba Group Holding Ltd’s first public offering is scheduled for tomorrow and the unrest in buyers is mounting with every passing hour. A group of U.S. fund managers is concerned about the risks involved with Alibaba considering its corporate governance structure or the bull market fatigue but they are not going to…
Amazon.com, Inc. (AMZN) Launches New Kindle Devices, Kindle Voyage Comes to Customers
Amazon.com, Inc. (NASDAQ:AMZN) unveiled a new lineup of Kindle devices with a premium Kindle Voyage offered by the company. The online-retailer introduced six new devices with the highest price tag of $199 for Kindle Voyage. In addition to it, users can enjoy an advanced experience with the basic Kindle e-reader, which comes with a touch…
E I Du Pont De Nemours And Co (DD) Faces Eminent Pressure Nelson Peltz to Split Business
The head of Trian Fund Management LP, Nelson Peltz, launched a campaign to spilt E I Du Pont De Nemours And Co (NYSE:DD) into two separate entities. Trian Fund has $1.6 billion worth of DuPont’s shares and Peltz undermined the efforts made by DuPont’s management by calling them insufficient to improve the performance of the…
FedEx Corporation (FDX) to Hire 50,000 Seasonal Workers After Excellent Fiscal First Quarter Financial Results
FedEx Corporation (NYSE:FDX) witnessed an increase of 3.25% in share prices by noon after an excellent first quarter 2015 result. The company reported 24% increase in its net income and it is likely to add up to 50,000 seasonal workers to handle the increasing delivery volume during the holiday season. FedEx Corporation (NYSE:FDX) released its…