To view video, read the full article and the disclaimer visit URL http://crweselect.com/26919/stock-alerts/bro-chux-igc-crweselectcom-stoc...
Brown & Brown, Inc. (NYSE:BRO)
BRO previously announced its financial results for the third quarter of 2011. Net income for the third quarter of 2011 was $44,173,000, or $0.30 per share, compared with $44,293,000, or $0.31 per share for the same quarter of 2010, a decrease of 0.3%. BRO total revenue for the third quarter ended September 30, 2011 was $260,401,000, compared with 2010 third-quarter revenue of $247,616,000, an increase of 5.2%.
BRO, through its subsidiaries, offers a broad range of insurance and reinsurance products and services. Additionally, certain BRO subsidiaries offer a variety of risk management, third party administration, and other services. Serving business, public entity, individual, trade and professional association clients nationwide, the Company is ranked by Business Insurance magazine as the United States' seventh largest independent insurance intermediary.
For more information about BRO please visit http://www.bbinsurance.com/
O'Charley's Inc. (NASDAQ:CHUX)
CHUX recently announced that it has completed a sale-leaseback of 50 CHUX restaurant properties, which produced gross proceeds of approximately $105 million. CHUX is using the net proceeds from the sale-leaseback of approximately $103.8 million and approximately $11.4 million of available cash to redeem at par all of its $115.2 million principal amount of 9% senior subordinated notes due November 2013 (the ?Senior Notes?), leaving the Company with virtually no long-term debt on its balance sheet. The properties were purchased by STORE Capital, an institutionally funded, single-tenant real estate investment trust based in Scottsdale, AZ, (www.storecapital.com) founded by a veteran management team including Mort Fleischer and Chris Volk.
Read the full article and the disclaimer at http://crweselect.com/26919/stock-alerts/bro-chux-igc-crweselectcom-stoc...