Margaretten Financial Corp
Article Abstract:
Margaretten Financial Corp is projecting at least a 50% 1992 earning increase of $1.70 a share. The bullish estimate is well-supported by the $19 million net rise for the nine months ended Sep 1992. The firm's optimism is fostered by its substantial loan application volume in the Sep 1992 quarter and satisfactory performance of its wholesale segment. The figures for the 4th qtr 1992 will partly depend on the four-fold increase in mortgage servicing portfolio. Omega Advisors Pres Leon Cooperman has bought 185,000 shares to increase his holdings to 5.8%.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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Sequa Corp
Article Abstract:
Sequa Corp's restructuring plans include trimming down its business concerns into facility management, aerospace, specialty chemicals and systems engineering and metals and machinery. The divestment plans have culminated in the sale to Kirby Corp of its Sabine Towing and Transportation Co while CSX Corp has already submitted its letter of intent to buy Valley Line Co. The men's wear and financial services divisions are also included in the list of businesses to be sold.
Publication Name: The Insiders' Chronicle
Subject: Business
ISSN: 0162-5152
Year: 1992
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