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Monday 24 August 2015
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Pre-Market News Analysis on: Companhia Siderurgica Nacional (NYSE:SID), Sunstone Hotel Investors (NYSE:SHO), Genworth Financial (NYSE:GNW), Dana Holding (NYSE:DAN)

On Monday, Companhia Siderurgica Nacional (ADR) (NYSE:SID)’s shares declined -0.88% to $0.961.

Sunstone Hotel Investors, Inc. (SHO) declared results for the second quarter ended June 30, 2015.

Second Quarter 2015 Operational Results (as contrast to Second Quarter 2014):

  • Comparable Hotel RevPAR, counting adoption of the industry’s Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition (“USALI Eleventh Revised Edition”), which became effective January 1, 2015, raised 7.1% to $184.05.
  • Comparable Hotel Adjusted EBITDA Margin, counting USALI Eleventh Revised Edition adoption and not taking into account non-current year property taxes, net raised 160 basis points to 34.9%.
  • Adjusted EBITDA raised 16.9% to $110.4 million.
  • Adjusted FFO attributable to common stockholders per diluted share raised 10.3% to $0.43.
  • Income attributable to common stockholders raised 23.5% to $48.9 million.
  • Income attributable to common stockholders per diluted share raised 4.5% to $0.23.

Sunstone Hotel Investors, Inc. operates as a real estate investment trust. The firm engages in the acquisition, ownership, asset administration, renovation, and sale of luxury, upper upscale, and upscale full-service hotels in the United States. Its portfolio also comprises mid-scale hotels. Sunstone Hotel Investors was founded in 1995 and is based in Aliso Viejo, California.

Sunstone Hotel Investors Inc (NYSE:SHO)’s shares gained 2.06% to $14.88.

Genworth MI Canada Inc. (MIC.TO) through its partner, Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), is the largest private residential mortgage insurer in Canada.

The Board of Directors of Genworth MI Canada Inc. (the “Company”) (MIC.TO) recently declared that it has authorized and declared a dividend of $0.39 per common share for the third quarter of 2015. This dividend will be paid on August 31, 2015 , to shareholders of record at the close of business on August 17, 2015 .

Genworth MI Canada Inc. designates any and all dividends paid or deemed for Canadian federal, provincial or territorial income tax purposes to be paid as “eligible dividends”, unless indicated otherwise in respect of dividends paid subsequent to this notification, and hereby notifies all recipients of such dividends of this designation

Genworth Financial, Inc. provides insurance, retirement, and homeownership solutions in the United States and internationally. It operates through U.S. Life Insurance, International Mortgage Insurance, U.S. Mortgage Insurance, International Protection, and Runoff segments.

At the end of Monday’s trade, Genworth Financial Inc (NYSE:GNW)‘s shares dipped -0.76% to $5.25.

Navient is joining other local employers and community groups to support a weeklong getaway for wounded veterans and their families. The third annual warrior beach week, “Operation SEAs the Day,” will be held Sept. 8-13 in Bethany Beach, Del.

The mission of the nonprofit is to “serve those that have served us” by hosting veterans recovering from wartime injuries, together with their families, for a weeklong vacation at beach houses and condos. This year, 31 wounded veterans, together with their families will take part.

When the families arrive, they will receive a welcome basket with gifts and discounts to local restaurants, stores and entertainment venues. Organizers have also planned several community events, counting a welcome reception at the local VFW Post on Tuesday, Sept. 8.

Navient Corporation provides financial products and services in the United States. The company operates in four segments: FFELP Loans, Private Education Loans, Business Services, and Other. It provides federal family education loan program (FFELP) loans and servicing for FFELP loan portfolio; and servicing and asset recovery services for loans on behalf of guarantors of FFELP loans, guaranty agencies, higher education institutions, the United States Department of Education, and other federal clients, in addition to states, courts, and municipalities.

Dana Holding Corporation (NYSE:DAN), ended its Monday’s trading session with 1.62% gain, and closed at $18.85.

Dana Holding Corporation (DAN) declared recently that its board of directors has declared a dividend on its common stock.

The board declared a quarterly dividend of $0.06 per share, payable Sept. 11, 2015, to holders of Dana common stock as of Aug. 21.

Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies. The Light Vehicle Driveline Technologies segment offers front axles, rear axles, driveshafts, differentials, torque couplings, and modular assemblies for use in light trucks, sport utility vehicles, crossover utility vehicles, vans, and passenger cars.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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