On 27 MAY Cliffs Natural Resources Inc (NYSE:CLF) announced that it is expected full-year 2014 capital spending range by approximately 25%, or $100 million, to $275 million – $325 million. This significant reduction is in addition to the Company’s previously announced capital spending decrease of approximately 55%, or $460 million, from Cliffs’ full-year 2013 capital expenditures. Cliffs Natural Resources Inc (NYSE:CLF) net profit margin is 5.10% and weekly performance is -10.84%. On last trading day company shares ended up $14.80. Analysts mean target price for the company is $18.00. Cliffs Natural Resources Inc (NYSE:CLF) distance from 50-day simple moving average (SMA50) is -17.61%.
Coach Inc (NYSE:COH) declared an EPS of $0.68, the company had good forward guidance and had decided to payout dividends to its shareholders. Coach Inc (NYSE:COH) shares advanced 1.51% in last trading session and ended the day on $39.58. COH Gross Margin is 71.10% and its return on assets is 26.20%. Coach Inc (NYSE:COH) quarterly performance is -17.44%.
Louisiana-Pacific Corporation (NYSE:LPX) and Ainsworth entered into an agreement, known as the Arrangement Agreement, sometimes back. And according to this agreement Louisiana-Pacific Corporation (NYSE:LPX) would take over all the outstanding common shares of Ainsworth. Both the companies realized that regulatory approvals can be obtained only through expensive, lengthy and tiring litigation with the authorities in Canada and in the U.S. Louisiana-Pacific Corporation (NYSE:LPX) shares moved down -0.36% in last trading session and was closed at $13.85, while trading in range of $13.73 – $14.06. Louisiana-Pacific Corporation (NYSE:LPX) year to date (YTD) performance is -25.18%.
On 30 MAY Ally Financial Inc (NYSE:ALLY) announced that it will exercise its right to redeem all of its 10.30% deferred interest debentures due June 15, 2015 (CUSIP Nos. 370424DA8/36186CAE3) (the Redeemed Notes). The redemption date will be June 30, 2014. The holders of Redeemed Notes will receive $2,300.00 of principal amount per note, plus $7,473.07 of interest amount per note. The aggregate principal amount of Redeemed Notes, plus such portion of the interest that has accrued on a straight-line basis, is $9,773.07 for each $10,000.00 of accreted amount per note due at maturity, resulting in total proceeds due of approximately $536.2 million. Ally Financial Inc (NYSE:ALLY) ended the last trading day at $23.51. Company weekly volatility is calculated as 2.38% and price to cash ratio as 2.04. Ally Financial Inc (NYSE:ALLY) showed a negative weekly performance of -2.08%.
On 28 MAY Aeropostale Inc (NYSE:ARO) announced $150 million financing deal with Sycamore Partners. The deal will bail out the beleaguered teen apparel retailer by mitigating any chances of near term liquidity crisis. Aeropostale Inc (NYSE:ARO) net profit margin is -10.10%and weekly performance is -10.58%. On last trading day company shares ended up $3.55. Analysts mean target price for the company is $5.51. Aeropostale Inc (NYSE:ARO) distance from 50-day simple moving average (SMA50) is -23.05%.