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Home > (CCI, CLNO, WMT, WGL, CB) Stocks to Watch by PennyGovernance.com

(CCI, CLNO, WMT, WGL, CB) Stocks to Watch by PennyGovernance.com

July 28th, 2011 at 11:25 am





Crown Castle International Corp. (NYSE:CCI) reported results for the quarter ended June 30, 2011. Total revenue for the second quarter of 2011 increased 10% to $500 million from $456 million in the same period in 2010. Site rental revenue for the second quarter of 2011 increased $47 million, or 12%, to $457 million from $410 million for the same period in the prior year.Site rental gross margin, defined as site rental revenue less site rental cost of operations, increased $42 million, or 14%, to $336 million in the second quarter of 2011 from $294 million in the same period in 2010. Adjusted EBITDA for the second quarter of 2011 increased $40 million, or 14%,to $320 million from $280 million in the same period in 2010. Recurring cash flow, defined as Adjusted EBITDA less interest expense and sustaining capital expenditures, increased 22% to $189 million for the second quarter of 2011, compared to $155 million in the second quarter of 2010.

Crown Castle International Corp., through its subsidiaries, owns, operates, and leases towers and other wireless infrastructure primarily in the United States and Australia. Its infrastructure includes distributed antenna system (DAS) networks, as well as rooftop installations.

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Cleantech Transit Inc. (CLNO)

Biodiesel is fast becoming one of the most popular biofuels and seems to be a better alternative than fuels such as ethanol. Biodiesel is made from vegetable oil or animal fat combined with ethanol or methanol. One of the biggest advantages of biofuel is the fact that traditional diesel engines do not need to be converted in order to be run on biofuel. Converting a whole system run on fossil fuels is one of the biggest challenges mankind faces in the transition to clean burning fuels and biodiesel eliminates this challenge completely. It burns up to 75 percent cleaner than traditional diesel fuel and its ozone producing capabilities are nearly 50 percent less than traditional fossil fuels.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).

The technology used by Phoenix Energy to turn your waste from industry agriculture and forestry into power has many environmental benefits. Phoenix Energy is deeply committed to their customers both in reducing their costs of operation and in helping them be good corporate citizens, having a positive impact on the environment. By installing wood waste gasification systems, customers help to: Reduce greenhouse gas emissions. Reduce the amount of toxic pollutants in the atmosphere. Save landfill space from taking up more of our landscape and Reduce groundwater Contaminants. Improve energy security and reduce dependence on foreign sources of energy.

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company's ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit Inc. visit: www.cleantechtransitinc.com.

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Wal-Mart Stores Inc. (NYSE:WMT) announced that site work has begun on a new supercenter in Chatham, a store that will ultimately create approximately 400 jobs and serve as another choice for south side customers who seek more affordable grocery options. The store, one of nine new locations now planned in the city, is scheduled to open in spring of 2012. At an event at 83rd Street and Stewart Avenue, Walmart officials were joined by Alderman Howard Brookins and other community stakeholders to discuss how new development like this can help the city during these challenging times.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide.

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WGL Holdings Inc. (NYSE:WGL) announced that it will hold a live Internet webcast of its third quarter fiscal year 2011 earnings conference call at 10:30 a.m. Eastern time Aug. 4, 2011. Terry D. McCallister, Chairman and Chief Executive Officer; Adrian P. Chapman, President and Chief Operating Officer; and Vincent L. Ammann, Jr., Vice President and Chief Financial Officer will discuss the company's third quarter financial results for fiscal year 2011 and its financial outlook. WGL Holdings will issue a press release disclosing the company's third quarter results after the market closes Aug. 3, 2011. To access this earnings statement, click on "Press Releases" on the WGL Holdings website, wglholdings.com.

WGL Holdings, Inc. engages in the delivery and sale of natural gas, and provides energy-related products and services in the District of Columbia, Maryland, Virginia, and Delaware.

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The Chubb Corporation (NYSE:CB) reported that net income in the second quarter of 2011 was $419 million compared to $518 million in the second quarter of 2010. Net income per share declined 11% to $1.42 from $1.59. Operating income, which the company defines as net income excluding after-tax realized investment gains and losses, was $374 million in the second quarter of 2011 compared to $460 million in the second quarter of 2010. Operating income per share declined 10% to $1.27 from $1.41.

The Chubb Corporation, through its subsidiaries, provides property and casualty insurance to businesses and individuals.

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