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Cummins Inc. (NYSE:CMI)
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems.
Senior leaders of Cummins Inc. today demonstrated their confidence in the Company's future by sharing new long-term targets for revenue growth and profitability. CMI leaders set a target of achieving $30 billion in sales, with Earnings Before Interest and Taxes (EBIT) of 18 percent of sales in 2015. The Company expects to grow at an approximate annual growth rate of 14 percent over the period to reach the $30 billion sales target.
For more information about Cummins Inc. please visit http://www.cummins.com/cmi/
BankAtlantic Bancorp Inc. (NYSE:BBX)
BankAtlantic Bancorp is a bank holding company and the parent company of BankAtlantic.
According to the Federal Deposit Insurance Corporation, Florida is ranked #4 in national deposits at $410 Billion.
BankAtlantic, Florida's Most Convenient Bank, is one of the largest financial institutions headquartered in Florida. Via its broad network of community branches and conveniently located ATMs, BankAtlantic provides a full line of personal, small business and commercial banking products and services. BankAtlantic is open 7 days a week and offers extended weekday hours, Online Banking & Bill Pay, a 7-Day Customer Service Center, Change Exchange coin counters, as well as retail and business checking accounts. Member FDIC.
BBX previously reported a net income of $23.4 million, or $0.35 per diluted share, for the quarter ended June 30, 2011, compared to a net loss of ($51.3) million, or ($1.02) per diluted share, for the quarter ended June 30, 2010. In addition, its banking subsidiary, BankAtlantic, had net income of $31.0 million for the second quarter of 2011, compared to a net loss of ($39.9) million for the second quarter of 2010. Included in the results for the second quarter of 2011 was a gain of $38.7 million associated with the June 2011 sale of BankAtlantic's Tampa branch network.
LDV Capital Management (www.LdvCapitalManagement.com) is Registered Investment Advisory firm licensed with the state of Florida. It is recognized for providing Financial Advisory services to a diverse roster of clients. LDV Capital Management specializes in Corporate Finance expertise, offering Corporate Structure, Corporate Development, Business Valuation, Fairness Opinion, Capital Formation, Stock Analysis, Debt Restructuring and Balance Sheet Clean-up services.
LDV Capital Management will host an investor Complimentary Palm Beach Dinners meeting featuring Bank Atlantic Bancorp on Tuesday, September 20th at The Palm Beach Steakhouse ( http://sept20downtownpalmbeach.eventbrite.com/ ) and on Wednesday, September 21st at Season's 52 ( http://sept21northpalmbeach.eventbrite.com/ ). RSVP's are a must and must be done through the links above.
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