BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Closing Bell: The quiet bullish day (AMSC, AMAT, SVNT, SRZ)]]>http://www.bloggingstocks.com/2009/10/09/closing-bell-the-quiet-bullish-day-amsc-amat-svnt-srz/http://www.bloggingstocks.com/2009/10/09/closing-bell-the-quiet-bullish-day-amsc-amat-svnt-srz/http://www.bloggingstocks.com/2009/10/09/closing-bell-the-quiet-bullish-day-amsc-amat-svnt-srz/#commentsFiled under:

All in all, this was a fairly quiet day. The markets started out soft but managed to hold up most of the day. A CEO confidence reading may have helped somewhat.

Here are today's unofficial closing bell levels:

Dow 9,858.36 +71.49 (0.73%)
S&P 500 1,071.06 +5.58 (0.52%)
Nasdaq 2,138.23 +14.30 (0.67%)

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Continue reading Closing Bell: The quiet bullish day (AMSC, AMAT, SVNT, SRZ)

Closing Bell: The quiet bullish day (AMSC, AMAT, SVNT, SRZ) originally appeared on BloggingStocks on Fri, 09 Oct 2009 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AMSCceo confidenceCeoConfidencefeaturedsavientSRZsunrise senior livingSunriseSeniorLivingSVNTFri, 09 Oct 2009 16:00:00 EST<![CDATA[Who does Sunrise Senior Living (SRZ) think its owners are?]]>http://www.bloggingstocks.com/2007/10/01/who-does-sunrise-senior-living-srz-think-its-owners-are/http://www.bloggingstocks.com/2007/10/01/who-does-sunrise-senior-living-srz-think-its-owners-are/http://www.bloggingstocks.com/2007/10/01/who-does-sunrise-senior-living-srz-think-its-owners-are/#commentsIt's a well-known fact that corporate governance in general, and annual meetings in particular, are a complete joke. If you believe in shareholder democracy, then please give me the tooth fairy's email address.

But Sunrise Senior Living, Inc. (NYSE: SRZ) has taken the corporate governance parody to astounding heights. On October 16th, 17 months after its last annual meeting, and after options scandals, accounting scandals, and the firing of a CEO among other thing, shareholders will convene for the annual meeting.

The New York Times piece on this travesty sums it up: Welcome to the annual meeting. Now be quiet. Only three directors will be standing for re-election, and no other business issues will be allowed to be discussed.

And we thought the shareholders owned the company, and the board/officers were supposed to be held accountable to them. Hah!

We can only hope Sunrise's assisted-living facilities treat their residents with more respect than the company treats its shareholders.

Who does Sunrise Senior Living (SRZ) think its owners are? originally appeared on BloggingStocks on Mon, 01 Oct 2007 16:47:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>annual meetingAnnualMeetingcorporate governanceCorporateGovernanceSRZSunrise Senior LivingSunriseSeniorLivingMon, 01 Oct 2007 16:47:00 EST<![CDATA[GE gets into the 'senior living' market with new deal]]>http://www.bloggingstocks.com/2006/09/27/ge-gets-into-the-senior-living-market-with-new-deal/http://www.bloggingstocks.com/2006/09/27/ge-gets-into-the-senior-living-market-with-new-deal/http://www.bloggingstocks.com/2006/09/27/ge-gets-into-the-senior-living-market-with-new-deal/#commentsFiled under: , ,

It's a done deal! The acquisition of six Florida senior living communities in a joint venture between GE and Sunrise was completed today.
GE Healthcare Financial Services, a subsidiary of General Electric Company (NYSE: GE), partnered up with Sunrise Senior Living Inc. (NYSE: SRZ) and together they bought six Florida senior living communities for $460 million. The deal included assuming $134 million in debt and $10 million in transaction costs.

While GE funded about $117 million of the $460 million purchase price, Sunrise only contributed some $39 million and the rest was financed. Yet Sunrise brings the experience and is set to manage the properties. Sunrise will have a 25% stake in the venture with GE having the remaining 75%.

The communities purchased can house about 2,300 residents and have annual revenues of more than $65 million. With this move, GE is trying to further capitalize on what is believed to be one of the future growth businesses as the baby-boomers age -- especially the independent living market one.

GE gets into the 'senior living' market with new deal originally appeared on BloggingStocks on Wed, 27 Sep 2006 10:16:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>gegeneral electricGeneralElectricsrzsunrise senior livingSunriseSeniorLivingWed, 27 Sep 2006 10:16:00 EST