Today Brink's Home Security Holdings, Inc. (NYSE: CFL) announced its separation from The Brink's Company (NYSE: BCO). Brink's Home Security had been an operating unit of The Brink's Company for over 25 years. Trading in CFL began this morning on the New York Stock Exchange.
Market cap now is about $1 billion.
The ticker reflects the Company's internal mission statement: Creating Customers for Life. Puhleeze!
Amityville, NY-based Napco Security Systems Inc. (NASDAQ: NSSC) issued a statement from chairman and CEO Richard Soloway, who starts out by noting that it is not "normal policy" for Napco to provide future guidance or to respond to market activity.
Napco stock has fallen from $4.42 in August to about $2 lately, a trend that "belies the basic strengths of the Company and its extremely positive future prospects," Soloway says.
Net sales for the first fiscal quarter of 2009 increased approximately 25% to $17.4 million, up from $13.9 million for the first quarter of fiscal 2008, due primarily to six weeks of revenues added from a recent acquisition "as well as an increase in our existing business," Soloway states.
Finally, he suggests that NSSC is a good buy: "We strongly believe that the prospects for long-term growth have never been better. In our estimation, investors should carefully investigate NAPCO’s future prospects …."
The Board of Directors of Honeywell (NYSE: HON) has declared a regular quarterly dividend of $0.275 per share on the company's outstanding common stock. The dividend is payable on December 10, 2008 to shareowners of record at the close of business on November 20, 2008.
Former Tyco (NYSE: TYC) CEO and lavish spender/swindler Dennis Kozlowski cannot sell his Florida and Massachusetts homes and other property without first asking Tyco for permission, a court has ruled.
If he can manage to pocket some of his orange suits upon his release from prison, perhaps he could pawn them on ebay for a few bucks.