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Standard Parking Corporation Reports Second Quarter 2009 Results; Affirms 2009 Guidance
STAN
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+1.32%
in
96 days
<font> <font> Wednesday, August 05, 2009 4:31:37 PM ET </font> </font> <> <font> Standard Parking Corporation ( STAN ), one of the nation’s leading providers of parking management, ground transportation and other ancillary services, today announced second quarter 2009 earnings of $0.27 per share. Earnings per share of $0.29 in the 2008 second quarter included $0.06 per share attributable to the Company’s settlement of its Hurricane Katrina claim. Excluding the Katrina proceeds, the Company’s year-over-year growth in EPS was 17%. Year-to-date free cash flow of $4.6 million is <><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><><>< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< /><>< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< /><>< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< /><>< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< /><>< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< /><>< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< />< /><>< />< />< />< />< />< />< />< />< />< />< />< /><><><>< />< />< />< />< />...
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I hate paying for parking!
STAN
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-18.37%
in
553 days
This was my first stock pick ever. I live in a large city (San Diego) and have been to many sporting events. Everytime I have to pay to park to go to work or one of these events I think, someone is making quite a bit of money by doing nothing. Parking structures are low maintenance but are always needed in downtown areas. I can see growth in parking as cities become more congested. It only takes one employee, perhaps two, to run many of these lots.
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From the Blogosphere
UK Acts To Prevent Collapse Of Banking System
Bloomberg is reporting U.K. to Inject About $87 Billion in Country's Banks.
<>Prime Minister Gordon Brown's government will invest about 50 billion pounds ($87 billion) in an unprecedented step to prevent a collapse of the U.K. banking system.
As part of the plan, the government will buy preference shares, and the Bank of England will make at least 200 billion pounds available for banks to borrow under the so-called special liquidity plan, the Treasury said in a statement today. The government will also provide a guarantee of about 250 billion pounds to help refinance debt.
The steps to partiall...
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STAN: Standard Parking in a Good Spot?
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My latest column is up at RealMoney. It marks the last of a several part “wallflower” series on stocks with limited analyst coverage on Wall Street. Standard Parking (STAN) is a leading national provider of parking facility management services. It provides on-site management services at multilevel and surface parking facilities for all major markets of the parking industry. Its properties span 2,100 locations, containing over one million parking spaces, in over 330 cities across the U.S. and Canada. <>The company grows both by acquisitions and by winning new contracts. In the first quarter,...
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STAN: Standard Parking in a Good Spot?
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My latest column is up at RealMoney. It marks the last of a several part “wallflower” series on stocks with limited analyst coverage on Wall Street. Standard Parking (STAN) is a leading national provider of parking facility management services. It provides on-site management services at multilevel and surface parking facilities for all major markets of the parking industry. Its properties span 2,100 locations, containing over one million parking spaces, in over 330 cities across the U.S. and Canada. <>The company grows both by acquisitions and by winning new contracts. In the first quarter,...
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STAN: Standard Parking in a Good Spot?
STAN
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-21.51%
in
522 days
My latest column is up at RealMoney. It marks the last of a several part “wallflower” series on stocks with limited analyst coverage on Wall Street. Standard Parking (STAN) is a leading national provider of parking facility management services. It provides on-site management services at multilevel and surface parking facilities for all major markets of the parking industry. Its properties span 2,100 locations, containing over one million parking spaces, in over 330 cities across the U.S. and Canada. <>The company grows both by acquisitions and by winning new contracts. In the first quarter,...
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U.K. Stocks Gain, Led by Northern Rock, Barclays, Standard Life
U.K. pillory including Northern Rock
Plc gained. Former UBS silver caput Luqman Matthew Arnold said he's preparing
to purchase a minority interest in the U.K. depository financial institution bailed out by the Bank
of England. Barclays Plc rose as a newspaper study said the depository financial institution would
disclose information about its investing bank's performance. Standard Life Plc rallied after dropping its command for Resolution
Plc. <> The FTSE 100 Index added 23, or 0.4 percent, to 6,327.9 at
9:08 a.m. inch London. The FTSE All-Share Index gained 0.4 percent
to 3,249.37. Ireland's...
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Standard Parking Facts
- Yes, it is true, that as urban congestion grows, parking will remain a premium. There are, of course, downsides, i.e., the cost of capital improvement...
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About Standard Parking Corp.
- Answers.com
