Rimage ANTICIPATES $7M Dividends and 4 Stocks Hitting 52-Week Lows
Monro Muffler Brake (NASDAQ:MNRO) have 13 stores in Milwaukee, Wisconsin, which expanding the company’s footprint into a new contiguous market, as well as four stores in South Carolina, which enables the company to fill in an existing market. These stores’ annual sales add up to about $9 million. The Wisconsin locations will be rebranded as Monro, as the South Carolina locations are rebranded as TreadQuarters. The closing is predicted to occur in August. The shares closed at $33.93, down $1.22 or 3.47% on the day. They have traded in a 52-week range of $31.43 to $47.62.
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Novagold Resources (AMEX:NG): This morning, Barrick Gold (NYSE:ABX) claimed that the Cerro Casale and Donlin Gold projects currently do not meet its investment criteria, and it would not make a decision to construct them “at this time.” Barrick stated that both projects need large initial capital investments, but the company added, “They contain large, long life mineral resources in stable jurisdictions, have significant leverage to the price of gold, and therefore represent valuable long-term opportunities for the company. We will maintain and enhance the option value of these projects by advancing permitting activities at reasonable costs which, in the case of Donlin Gold, will take a number of years.” NovaGold (AMEX:NG) owns 50% of the Donlin Gold project. The stock is down 27%, or $1.47, to $3.91 in pre-market trading. The shares closed at $4.02, down $1.36 or 25.28% on the day. They have traded in a 52-week range of $4.98 to $11.77.
Quality Systems (NASDAQ:QSII) reports a Q1 EPS of 26c, consensus 35c. The shares closed at $15.95, down $7.68 or 32.5% on the day. They have traded in a 52-week range of $22.65 to $50.70.
Rimage Corp. (NASDAQ:RIMG) anticipates 2012 dividend payments of about $7 million. The shares closed at $6.93, down $0.18 or 2.53% on the day. They have traded in a 52-week range of $6.95 to $15.18.
Rambus (NASDAQ:RMBS) announced that the International Trade Commission, ITC, has issued a notice of final determination in the action brought by Rambus against LSI Logic, ST Microelectronics and other respondents. The notice affirms the initial determination of Administrative Law Judge (NYSE:ALJ) Theodore R. Essex that there was no violation of Section 337 of the Tariff Act of 1930 with respect to the asserted patents. Also, the Commission changed the ALJ’s determinations that Rambus demonstrated the existence of a domestic industry, that particular asserted Dally claims were invalid, and that those claims were infringed. The action is Investigation Number 337-TA-753. Rambus has not gained the full opinion by the Commission. Thomas Lavelle, SVP and general counsel at Rambus stated: “We are evaluating our next steps in this matter, which may include a possible appeal to the Federal Circuit. We remain steadfast in our commitment to protecting our patented inventions from unlicensed use.” The shares closed at $3.94, down $0.38 or 8.8% on the day. They have traded in a 52-week range of $4.00 to $18.55.
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