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Stein Mart

February 12, 2011 by · Comments Off on Stein Mart 

Stein Mart, Stein Mart (NASDAQ: SMRT) traded in a range yesterday that lasted from a minimum of 8.43 and a high of $ 8.75. Yesterday, shares fell 3.64%, which took the trading range below the 3 days of 8.72 and volume of 191,000 shares. Often, after steep declines day, short-term traders can play a certain degree of mean revision.

Stein Mart shares are currently trading below their 50-day moving average (MA) of 9.59 and below and 200 days and 8.62 ARE. Find the MA to provide resistance for a short-term rebound in the shares.

SmartRender currently shares of Stein Mart in a downtrend and has issued the alert Downtrend on December 6, 2010 at $ 9.06. The stock has fallen 3.1% since the downward trend alert was issued.

SmartRender expects the share price to rebound to the level of 8.72 and resistance. Then, we expect to move down with his peers in the industry SmartRender clothing stores.

Looking for coupons Steinmart? Today SteinMart is a sale of 12 hours Saturday 12, 2011. They offer up to an additional 50% off their discounted prices! Stein Mart is also offering coupons. So if you want to make a good buy today would be the best day to do it! You should find clothes this season. The best gifts. Brand names and quality that you agree to Stein Mart.
Fitch Ratings degradations four classes of Morgan Stanley Capital Trust I (MSCI), Series 2008-TOP29. In addition, Fitch has revised the loss severity (LS) ratings and rating rating outlook and recovery if necessary. A detailed list of rating actions follows at the end of this press release.
The transaction has not experienced losses to date. In January 2011 delivery, the weighted average coverage rate of the average debt service (WADSCR) reported for the pool to 1.36 times (x), with 75% of loans reporting a DSCR greater than 1.20x. P was the only certificate with a deficit of interest in the club in January 2010. Only three loans have been with the special service provider, two of which were (2%) reported that the delinquency as of January 2010 delivery.
The deterioration reflects Fitch expected losses in the pool. Fitch modeled the loss of 2.59% of the remaining pool, the expected losses on the pool size of origin of 2.56%. Fitch has designated 20 loans (34.5%) as Fitch loans of concern, which include the specially serviced three loans (3.6%). Five of Fitch loans of concern (22.2%) are in the top 15 loans in the transaction by the outstanding principal balance. Fitch believes that loans from the hassle of a high probability of default during the period, with losses ranging from $ 17,000 to $ 7 million.
As of the January 2011 distribution date, the aggregate principal balance of the pool decreased by 1.2% to 1.22 billion $ 1.23 billion U.S. dollars during the show. No loans are currently leveraging. Interest shortfalls are affecting only the non-rated class P.
The largest contributor to loss of Fitch-style (1.46%) is secured by an 112,821 square foot (sf) shopping center in Jacksonville, FL. The property was built in 2006 and is anchored by Steinmart (30% RDA). The loan was transferred to special servicing in December 2009 for imminent default due to deficiencies in cash flow resulting vacancy has increased, reduced rents, and slow paying tenants. The rent roll of December 2010 reported occupancy at 89%, an improvement over December 2009, which reported 77%. In the fourth quarter of 2010, CB Richard Ellis, Jacksonville, Arlington submarket recorded the retail vacancy rate of 19%. The service has DSCR special year-end (YE) 2010 and YE 2009 to 0.39x and 0.89x, respectively. The special service provider pursues foreclosure, however, a receiver is not yet in place. The borrower has submitted a reduced pay off (DPO) proposal, which is also being evaluated. An evaluation of May 2010 for the property indicated a value substantially lower than the loan balance.
The second largest contributor to losses Fitch model (1.53%) is secured by a 102,323 sf grocery anchored shopping center in Scottsdale, AZ. The loan was transferred to special servicing in January 2010 due to lack of payment and cash flow issues resulting from a previous tenant, which occupied 20,000 square feet (19% NRA), the bankruptcy and release of property. The service he stated that the vacated space has been leased recently (November 2010) to a furniture retailer. Therefore, the present occupation is 95%, an improvement of the role in December 2009, which reported 76% rent. The service has special DSCR for the year to date (YTD) in August 2010 and YE 2009 to 0.89x and 0.94, respectively. The loan was structured object with a period of 24 months without interest, amortization with payments to begin in February 2010. The loan was amended to extend the period of interest for 15 months with amortization payments begin in May 2011. The loan is outstanding at the distribution date in January 2011, and the special service provider said the transfer to the master servicer should take place in February 2011.
The third largest contributor to losses Fitch model (1.18%) is a 140,204 sf grocery anchored shopping center in Fredericksburg, Virginia. The property has experienced cash flow problems due to a steady decline in occupancy in 2009 from various tenants and extinguished before canceling the lease expirations. The roll in September 2010 reported occupancy rent flat in December 2009 to 81%, down from December 2008, which reported 93%. DSCR for the first half of 2010 and September 2009 reported to 0.78x YE and 0.90x, respectively. The loan is outstanding at the distribution date in January 2011.

Steinmart Coupons

February 12, 2011 by · Comments Off on Steinmart Coupons 

Steinmart Coupons, South Korea is preparing to host the International Olympic Committee (IOC) Evaluation Commission next week, the campaign PyeongChang 2018 bid received a boost today with the announcement the Seoul subway station Mongchontoseong was renamed as the special “2018 PyeongChang Station.

Seoul station has been decorated to highlight the fact that the capital and its people are united behind the bid for PyeongChang Winter Games and to show the passion of South Korea for winter sports.

Seoul Metropolitan Rapid Transit Corporation (SMRT) operates four subway lines around Seoul, and decorated the station with three-dimensional works celebrating Korea’s flagship winter sports moments, many Olympic athletes honored and vivid images of landscapes in the region PyeongChang.

The station, located near the Olympic Park in Seoul, will feature works of art special until the IOC announces the host city for the 2018 Winter Games on July 6 in Durban, South Africa.

At an unveiling ceremony held at the station Mongchontoseong, Seong Eum-jik, CEO of SMRT, said: “With the IOC’s decision fast approaching, SMRT is happy to show his support for PyeongChang’s bid to host the Winter Games of 2018. We are proud to decorate the station as a special station PyeongChang 2018 and help people to relive some of Korea’s winter sports most memorable moments. ”

Yang Ho Cho, PyeongChang 2018 Chairman and CEO, said: “On behalf of the Bid Committee PyeongChang 2018, I want to thank him for his support SMRT as we prepare to host the evaluation commission next week.

“We have seen an amazing response from people who have traveled through the newly decorated. Residents of Seoul and people across the country are thrilled to see pictures of their Olympic heroes and celebrate the spirit of Olympism. This fun and exciting art exhibit shows that the bid for PyeongChang Winter Games has incredible public support, and that Korea is a nation passionate about winter sports. ”

GENERAL INFORMATION

PyeongChang in Gangwon Province, South Korea is bidding to host the Olympic and Paralympic Winter Games in 2018. The PyeongChang 2018 Olympic and Paralympic Winter Games Bid Committee, a nonprofit organization that was created September 14, 2009, manage application of the city. Chairman and CEO of the Bid Committee is Yang Ho Cho, who is also chairman of Korean Air. Other members of the Bid Committee PyeongChang 2018 include representatives from all levels of national and local government, the Korean Olympic Committee (KOC), the Korean Paralympic Committee (KPC), the athletes of winter sports and para athletes, and private companies. The election of the Host City Olympic Winter Games XXIII will be held at the 123rd International Olympic Committee (IOC) in Durban, South Africa July 6, 2011.

For more information on the candidacy of PyeongChang to host the 2018 Olympic games and Paralympic Winter Games, please visit http://www.pyeongchang2018.org

AJ WRIGHT

December 10, 2010 by · Comments Off on AJ WRIGHT 

AJ WRIGHT, (AP) – TJX Cos. said it is shuttering its AJ Wright discount stores, cutting 4,400 jobs and to convert the stores to other brands such as TJ Maxx. There are several AJ Wright locations in central New York, two in the city of Syracuse.

Ninety-one stores will be converted to TJ Maxx, Marshalls or HomeGoods stores and 71 will be closed and two distribution centers. About 4,400 jobs will be eliminated and 3,400 staff will remain employed in the converted stores.

TJX said the move allows the company, based in Framingham, Mass., to focus on its more profitable activities.

The 162 AJ Wright stores will close in mid-February. And 91 will reopen under a different name, after eight weeks.

The move will cost 150 million and 170 million to close stores and $ 12 million to 15 million and to convert 91 stores to reopen.

Copyright 2010 Newport Television LLC all rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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