Tag Archives: Dominion Lending Centres Clearlease Reports

Dominion Lending Centres Clearlease Reports Constellation Brands, Inc. (NYSE:STZ) posts profit in Q4 2010 as North American wine sales improve

ROCHESTER, N.Y. – (April 7, 2011) Clearlease.com Reports Constellation Brands Inc. said Thursday that Americans brought home more wine through the holiday season, taking advantage of more discounts to trade up to higher-premium brands.

The maker of Robert Mondavi wine, Svedka vodka and Corona beer posted a $279.8 million fourth-quarter profit, recovering from a year-ago loss as it saw a 17 per cent jump in wine sales in the key North America market.

Its revenue in the December-to-February period edged up just 1 per cent to $715.3 million as the bump in wine volumes was largely offset by the recent sale of much of its Australian and British wine business.

While alcoholic-beverage purchases at bars and restaurants remain sluggish, the Victor, N.Y., company is benefiting from an improved U.S. economy even though promotional activity at stores is still highly competitive.

“The consumer is definitely back, is definitely purchasing,” CEO Robert Sands told analysts in a conference call. But the typical take-home shopper “remains extremely price-sensitive and is looking for a deal and, therefore, promotional activity remains robust. … We see a lot of trading-up going on in the business.”

This year, he added, “I don’t think that we’re anticipating a big change in consumer behaviour.”

The quarterly results beat Wall Street expectations and the company forecast improved earnings in the current fiscal year. In addition, its board of directors authorized a $500 million share repurchase program “to provide flexibility over a multi-year period.”

Its shares rose $1.32, or 6.5 per cent, to $21.70 in afternoon trading Thursday. The stock is trading at the upper end of a 52-week range of $14.97 to $22.52.

“We believe (the company’s) core business is improving, and is beginning to reflect the strength of the wine category,” UBS analyst Kaumil Gajrawala said in a note to clients.

The company’s brands include Clos du Bois, Woodbridge by Robert Mondavi, Blackstone and Ravenswood. It also sells liquors such as Black Velvet Canadian whiskey, and its beer imports include Modelo Especiale from Mexico , Tsingtao from China and St. Pauli Girl from Germany.

Spirits sales rose 3 per cent, driven by strong gains for Svedka, while sales of Corona and other imported beers surged 15 per cent.

Boosted by volume growth, operating earnings from Crown Imports, its beer joint venture with Mexican brewer Grupo Modelo SA, rose 18 per cent to $97 million on sales of $480.4 million.

Net income for all of Constellation Brands equaled $1.32 per share. A year earlier, the company lost $51 million, or 23 cents a share, on sliding sales of spirits and beer and lingering weakness in the U.S. wine market.

Excluding items, it earned 35 cents per share. Wall Street expected 26 cents a share, according to FactSet.

In January, Constellation Brands lost its eight-year-long status as the world’s No. 1 winemaker when it sold 80 per cent of its Australian and British wine business to an Australian private equity firm for $230 million. It recorded a net pre-tax gain of $84 million and a net tax benefit of $198 million related to the divestiture.

Despite the divestiture, wine sales still account for more than 90 per cent of revenue.

The company has been shifting its focus to higher-priced brands and remains the biggest seller by volume of premium-category wines priced between $5 and $15. Investors expect the sale of foreign assets to create a smaller but more profitable business with less risk.

In the current fiscal year, Constellation Brands expects adjusted earnings will rise to between $1.90 and $2 a share from $1.91 in the fiscal year that ended in February. Analysts were looking for a per-share profit of $1.80 this year, according to FactSet.

For all of fiscal 2011, Constellation Brands earned $560 million, or $2.62 per share, up sharply from $99.3 million or 45 cents a share in the previous year. But sales after excise taxes eased to $3.33 billion from $3.36 billion.

DLC Clearlease currently has the following employment opportunities available:

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News:
Twitter: @clearlease

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Dominion Lending Centres Clearlease Reports Loonie ticks higher amid European rate hike, new uncertainty from Japanese quake while oil prices moved above the US$109 a barrel level.

VANCOUVER, BC – (April 7, 2011) Clearlease.com Reports today the Canadian dollar was slightly higher Thursday amid a rate hike by the European Central Bank while oil prices moved above the US$109 a barrel level.

The loonie was well off early highs amid fresh market uncertainty after another earthquake struck Japan , rising 0.02 of a cent to 104.14 cents US. The currency had earlier run as high as US$104.49, its highest level since November 2007.

Japan ’s northeastern coast was hit with a strong aftershock that measured 7.4 on the Richter scale . The Japan meteorological agency has issued a tsunami warning for a wave of up to one meter for a coastal area already ravaged by last month’s tsunami.

The European Central Bank raised its key interest rate by a quarter point to deal with inflation even as several euro member countries struggle with ailing economies and a debt crisis.

The refinancing rate was lifted to 1.25 per cent from a record low of one per cent, where it had been since May 2009, only a day after Portugal asked for an international bailout.

“Core inflation has stabilized and the pressure on (consumer price index) is on headline inflation,” said Scotia Capital chief currency strategist Camilla Sutton.

“However, unlike the Fed, the ECB focuses on headline and its aim is to maintain it at or below two per cent. Accordingly, with the latest flash estimate having come in at 2.6 per cent year-over-year the ECB is concerned. In addition, the spread between CPI and the ECB policy rate has never been higher.”

The Bank of England said Thursday it was keeping its key rate unchanged.

Meanwhile, the Bank of Canada makes its next scheduled announcement on interest rates on Tuesday. The central bank is widely expected to leave rates unchanged until later in the year.

Oil prices headed up with the May crude contract on the New York Mercantile Exchange ahead 68 cents to US$109.51 a barrel.

Crude has traded around US$109 this week as traders mull the impact of Libya’s civil conflict, a weakening U.S. dollar and China’s fourth interest rate hike since October. Prices have surged 29 per cent since mid-February.

The May copper contract gained three cents to US$4.40 a pound after jumping 10 cents on Wednesday.

Bullion prices also ticked higher with the June gold contract on the Nymex up $2.60 to US$1,461.10 an ounce.

Meanwhile, traders are also looking ahead to a solid Canadian employment report at the end of the week. Statistics Canada is expected to report Friday that the economy added about 30,000 jobs in March and that data could further strengthen the currency.

DLC Clearlease currently has the following employment opportunities available:

About Dominion Lending Centres Clearlease

Dominion Lending Centres Clearlease Commercial (DLC Clearlease/Clearlease.com) is a fully diversified Lease Finance Mortgage Banking Brokerage Company specializing in Equipment Leasing, Automobile Leasing, Residential, Commercial Lending/Mortgage Financing. DLC Clearlease possesses the capability to accommodate financing needs ranging from a small second Home Mortgage to a Multi-Million Dollar Commercial Projects. No mortgage is too small or too large for this integrated Company.

Headquartered in Downtown Vancouver, British Columbia. We’re expanding in Q2, 2011 to Calgary and Edmonton, Alberta! In Q3, 2011 we are expanding in Toronto, Ontario! Dominion Lending Centres Clearlease services clients from Coast to Coast. Our Residential Group has a team of Licensed Mortgage Brokers offering our clients the best terms and rates available in the current market. Our Commercial Funding/Mortgage Group is active across Canada Funding Mortgages in cities such as Toronto, Edmonton, Calgary, Vancouver and Victoria.

We offer a simple application process available at .

You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News:
Twitter: @clearlease

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Dominion Lending Centres Clearlease Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data


Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.

The major averages are currently posting moderate gains, off their highs for the session. The Dow is up 54.95 points or 0.5 percent at 12,333.96, the Nasdaq is up 10.13 points or 0.4 percent at 2,767.02 and the S&P 500 is up 5.71 points or 0.4 percent at 1,325.15.

The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.

The report showed that private sector employment rose by 201,000 jobs in March following a downwardly revised increase of 208,000 jobs in February. Economists had expected an increase of about 208,000 jobs compared to the addition of 217,000 jobs originally reported for the previous month.

Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”

“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.

The Labor Department’s more closely watched monthly employment report, which includes both private and public sector jobs, is due to be released on Friday. While payroll employment is expected to show continued growth, the unemployment rate is expected to remain unchanged at 8.9 percent.

Additional news on the merger-and-acquisition front has also generated some positive sentiment, with shares of Cephalon (CEPH) up by 28.1 percent on news that Valeant Pharmaceuticals (VRX) has made a hostile takeover offer for the biopharmaceutical company.

Valeant has offered to acquire Cephalon for $73 per share in cash, representing a total value of approximately $5.7 billion. The offer represents a 24 percent premium to Cephalon’s closing price on Tuesday and a 29 percent premium over its 30-day trading average.

Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

###

Vancouver, B.C., Canada (March 30, 2011) – Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.

The major averages are currently posting moderate gains, off their highs for the session. The Dow is up 54.95 points or 0.5 percent at 12,333.96, the Nasdaq is up 10.13 points or 0.4 percent at 2,767.02 and the S&P 500 is up 5.71 points or 0.4 percent at 1,325.15.

The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.

The report showed that private sector employment rose by 201,000 jobs in March following a downwardly revised increase of 208,000 jobs in February. Economists had expected an increase of about 208,000 jobs compared to the addition of 217,000 jobs originally reported for the previous month.

Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”

“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.

The Labor Department’s more closely watched monthly employment report, which includes both private and public sector jobs, is due to be released on Friday. While payroll employment is expected to show continued growth, the unemployment rate is expected to remain unchanged at 8.9 percent.

Additional news on the merger-and-acquisition front has also generated some positive sentiment, with shares of Cephalon (CEPH) up by 28.1 percent on news that Valeant Pharmaceuticals (VRX) has made a hostile takeover offer for the biopharmaceutical company.

Valeant has offered to acquire Cephalon for $73 per share in cash, representing a total value of approximately $5.7 billion. The offer represents a 24 percent premium to Cephalon’s closing price on Tuesday and a 29 percent premium over its 30-day trading average.

Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.

DLC Clearlease currently has the following employment opportunities available:

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail:
Website:
News:

###
Vancouver, B.C., Canada (March 30, 2011) – Clearlease.com Reports Stocks have moved mostly higher in morning trading on Wednesday, with the markets extending a recent upward move on the heels of upbeat employment data. Buying interest has remained relatively subdued, however, with lingering geopolitical concerns limiting the upside.

The major averages are currently posting moderate gains, off their highs for the session. The Dow is up 54.95 points or 0.5 percent at 12,333.96, the Nasdaq is up 10.13 points or 0.4 percent at 2,767.02 and the S&P 500 is up 5.71 points or 0.4 percent at 1,325.15.

The strength in the markets is partly due to the release of a report from payroll processor Automatic Data Processing (ADP) showing another significant increase in private sector employment in March.

The report showed that private sector employment rose by 201,000 jobs in March following a downwardly revised increase of 208,000 jobs in February. Economists had expected an increase of about 208,000 jobs compared to the addition of 217,000 jobs originally reported for the previous month.

Peter Boockvar, equity strategist at Miller Tabak, said, “While slightly below estimates, the pace of job gains is good and certainly encouraging to see.”

“But we still have years to go to get back what was lost in the recession if this current pace persists,” Boockvar added.

The Labor Department’s more closely watched monthly employment report, which includes both private and public sector jobs, is due to be released on Friday. While payroll employment is expected to show continued growth, the unemployment rate is expected to remain unchanged at 8.9 percent.

Additional news on the merger-and-acquisition front has also generated some positive sentiment, with shares of Cephalon (CEPH) up by 28.1 percent on news that Valeant Pharmaceuticals (VRX) has made a hostile takeover offer for the biopharmaceutical company.

Valeant has offered to acquire Cephalon for $73 per share in cash, representing a total value of approximately $5.7 billion. The offer represents a 24 percent premium to Cephalon’s closing price on Tuesday and a 29 percent premium over its 30-day trading average.

Meanwhile, shares of Sealy (ZZ) have come under pressure after the mattress maker reported a first quarter net loss compared to a year-ago profit. The company also reported a decrease in net sales.

DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html

About DLC Clearlease

Equipment Lease Financing in Vancouver, Surrey, Delta, Richmond, Langley, New Westminster, North Vancouver, West Vancouver, B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html . You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.

Contact DLC Clearlease.com:

Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. Pidgeon, Editor
Tel: (604) 696-1221 ext. 177
eMail: clearlease@gmail.com
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss

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