Bravo Brio Restaurant Group (NASDAQ:BBRG) expects the development of ten restaurants, including one that will be operated under a management agreement in 2012, with the estimated pre-opening costs of between $4.9 million and $5.3 million. Shares closed down 3.43 percent on the day at $13.80, and have traded in a 52-week range of $13.90 to $21.97.
Dell (NASDAQ:DELL) has been named by MakeMusic, Inc. to deliver a cloud solution with Salesforce Sales Cloud, according to Dell Cloud Business Applications. MakeMusic’s solution enhances active sales forecasting in addition to the enabling of the ability to easily track sales leads, permitting for the joining of marketing and business development activities. Shares closed down 2.5 percent on the day at $9.35, having been traded in a 52-week range of $9.33 to $18.36.
Monster Beverage Corporation (NASDAQ:MNST) shares fell decidedly again on Tuesday, subsequent to analysts at Citigroup and Goldman Sachs releasing mostly cautious assessments of the firm in earlier notes to investors. Wendy Nicholson at Citigroup reported that Monster’s fundamental outlook has weakened quite a lot, following a New York Times report Monday that five people had died after drinking Monster beverages in the past three years, according to the FDA. Along with the legal and regulatory difficulties that Monster must handle, its competitor Red Bull is all the while gaining market share, adding that Monster is dealing with execution challenges in markets overseas. Moreover, Nicholson points out that the case for a bigger beverage company buying Monster has vanished, as she lowered her price target on the shares from $60 to $50. As if Monster needed any more bad news, its shares were removed from Goldman’s Conviction Buy List, due to raised headline and regulatory risk over the near-term. However, Goldman does have a Buy on the shares, and believes that the firm’s fundamentals are still intact with the significant risk levels already embedded in the share price. Shares closed down 10.17 percent on the day at $41.08, and have been traded in a 52-week range of $40.88 to $83.96.
Nordic American Tankers Limited (NYSE:NAT) has reached an arrangement with banks to set up a credit facility that will extend until the Autumn of 2017. According to details from the investor telephone conference on September 25th, the firm has been evaluating various alternatives and amounts for the total financial needs. The new non-amortizing facility will total $430 million and the final documentation should be concluded shortly. The banking consortium includes the leading Scandinavian banks DNB, Nordea and Skandinaviska Enskilda Banken. As of Tuesday the firm has withdrawn $250 million of the current credit facility and retains approximately $80 million in cash. If necessary the facility could be supplemented by other loan arrangements if warranted. Shares closed down 1.97 percent on the day at $8.46, having been traded in a 52-week range of $8.50 to $16.04.
Twin Disc, Incorporated (NASDAQ:TWIN) Chief Executive Michael E. Batten says that “While the decline in demand from the North American oil and gas market will have an obvious near-term impact on our business, we are well positioned to grow when the market rebounds. Outside the North American oil and gas market, interest for our oil and gas transmission systems is improving as producers, mainly in Asia, are beginning to develop shale formations. While in its infancy, we believe over time, these regions will be an important area of growth for the Company.” Shares closed down 8.41 percent on the day at 14.15, and have traded in a 52-week range of $15.24 to $47.39.
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