On Thursday, Shares of Yahoo! Inc. (NASDAQ:YHOO), lost -0.66% to $37.42.
Yahoo received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC) to purchase up to 3 million shares of Yahoo’s common stock at a price of $37.45 per share in cash. The offering price is 4.56 percent below the closing price per share of Yahoo’s common stock on July 22, 2015, the last trading day before the offer was commenced. The offer is for about 0.32 percent of the outstanding shares of Yahoo’s common stock.
Yahoo does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares. Yahoo is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.
Yahoo! Inc. provides search and display advertising services on Yahoo properties and associate sites worldwide. The company offers Yahoo Search that serves as a starting point to navigate the Internet and discover information; and Yahoo Answers, which enables users to seek, discover, and share knowledge and opinions across mobile phones, tablets, and desktops.
Shares of ARMOUR Residential REIT, Inc. (NYSE:ARR), inclined 4.81% to $2.83, during its last trading session.
ARMOUR Residential REIT, declared financial results for the quarter ended June 30, 2015.
Q2 2015 Highlights and Financial Information
- Q2 2015 Core Income, counting drop income (as defined below), of $47.7 million, or $0.12 per Common share, which represents an 11.51% return on stockholders’ equity at the startning of the quarter and exceeds dividends paid in the quarter.
- Estimated taxable Real Estate Investment Trust (“REIT”) income of about $38.4 million.
- Q2 2015 Generally Accepted Accounting Principles (“GAAP”) net income of about $198.0 million or $0.55 per Common share.
- Stockholders’ equity as of June 30, 2015, was about $1.59 billion or $3.96 per Common share
- June 30, 2015 “leverage” (debt to stockholders’ equity) was 8.46 to 1 (9.05 to 1, counting (“to-be-determined”) TBA Agency Securities purchased forward and not taking into account debt related to forward settling sales)
- Liquidity as of June 30, 2015, comprising of cash and unpledged securities, of about $885.0 million, or 55.77% of stockholders’ equity.
- Q2 2015 average yield on assets of 2.60% and average net interest margin of 1.36%.
- Q2 2015 annualized average principal repayment rate (CPR) of 8.11%.
- Commencing August 3, 2015, with the effectiveness of the formerly declared Reverse Stock Split, a total of 9 million Common shares will be authorized for repurchase under the program, which represents an about 71% enhance contrast to today’s remaining authorization.
ARMOUR Residential REIT, Inc. invests in and manages a portfolio of residential mortgage backed securities in the United States. The company is managed by ARMOUR Capital Administration LP. Its securities portfolio primarily comprises of agency securities backed by fixed rate, hybrid adjustable rate, and adjustable rate home loans, in addition to unsecured notes and bonds issued by the government-sponsored entities and the United States treasuries; and money market instruments.
Finally, Wal-Mart Stores Inc. (NYSE:WMT), ended its last trade with -0.10% loss, and closed at $72.16.
In the four days from July 31 to August 3, traffic to Walmart.com in the past two years has suddenly doubled from weeks preceding as customers turn their attention from the pool back to school. Recently Walmart is kicking off Back to Class Cyber Days online and on its mobile app featuring 30 percent more Rollbacks and hundreds of special buys timed to a historical spike in traffic when customers start the bulk of their back-to-school shopping.
“When the calendar changes from July to August, it’s like a switch flips in parents’ minds,” said Steve Breen, Senior Vice President of Merchandising for Walmart.com. “We can literally start to see it happen with a traffic spike on July 31, and this year we’re timing thousands of the season’s biggest Rollbacks to when we know our customers are coming to our site to check-off their back-to-school shopping lists.”
Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam’s Club. It operates discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, cash and carry stores, home improvement stores, specialty electronics stores, restaurants, apparel stores, drug stores, and convenience stores, in addition to retail Websites, such as walmart.com and samsclub.com.
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