Kimco Realty Corporation (KIM), a real estate investment trust (REIT), has recently announced plans to issue 25 million shares to raise cash to repay debt. The company will also grant the underwriters a 30-day option to purchase an additional 3.8 million shares to cover any over-allotments. Deutsche Bank Securities Inc. is the book-running manager for the public offering. 

Kimco will utilize the proceeds from the equity offering to partially repay the outstanding debt under its $1.5 billion unsecured U.S. revolving credit facility. The credit facility is scheduled to mature in Oct 2011, although Kimco has an option to extend it by one more year. 

Together with its subsidiaries, Kimco is the largest publicly traded owner and operator of neighborhood and community shopping centers in the U.S., with interests in 1,462 properties spanning 153 million square feet of space in 45 states across the country, along with Puerto Rico, Canada, Mexico, Chile, Brazil and Peru. The company also operates complementary businesses that include merchant buildings, private preferred equity, and real estate capital and advisory services. 

The company’s portfolio is concentrated mostly in high-income and high-growth areas. The largest tenants of Kimco include The Home Depot Inc. (HD), The TJX Companies Inc. (TJX), and Wal-Mart Stores Inc. (WMT), which are well-capitalized discount retailers having fared relatively well even as U.S. consumers become more price conscious.
Read the full analyst report on "KIM"
Read the full analyst report on "HD"
Read the full analyst report on "TJX"
Read the full analyst report on "WMT"
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Home Depot (NYSE: HD) closed yesterday at $28.22. So far the stock has hit a 52-week low of $17.49 and 52-week high of $28.50. Home Depot stock has been showing support around 27.93 and resistance in the 28.45 range. Technical indicators for the stock are and S&P gives HD a neutral 3 STAR (out of 5) hold...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

In the wake of last Friday's miracle job performance with unemployment dropping by .2% (see Jobs Contract 23rd Straight Month; Unemployment Rate Drop to 10.0%) let's take a look at unemployment scenarios offered by the Fed to see how realistic they are.Dave Rosenberg mentioned those scenarios in Breakfast with Dave on November 30 2009.  Range Of Macro Outcomes is Extremely WideAll you need to do is go to the Federal Open Market Committee (FOMC) minutes and see the wide divergence of views over the macro outlook and this is coming from 17 of the nation’s top policymakers who also ...

Ask any 10 U.S. investors to name the most-admired American financial figure and it’s a pretty good bet at least nine of them will answer Warren Buffett.[More...]

Retail stocks trade slightly higher before a speech from Federal Reserve Chairman Ben Bernanke, which investors hope will offer some hints as to when the U.S. central bank might hike interest rates.

Retail Stocks Mixed Ahead Of Fed Chief's Talk

Home Depot (: HD) ended the last trading session at $28.08. So far the stock has hit a 52-week low of $17.49 and 52-week high of $28.50. Home Depot stock has been showing support around 27.63 and resistance in the 28.73 range. Technical indicators for the stock are and S&P gives HD a neutral 3 STAR (out of ...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

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In a previous article, we examined The Home Depot's (NYSE: HD) Income Statement for the <a[More...]

Christmas is coming, and that means two sets of flurries are on the horizon – snow and retail news. Now that the aftershocks of the 2008 financial collapse have had time to set in, this year will be a test to see how resilient consumers are in spending for the holidays. Retailers, for their part, have been preparing by slimming down; most are carrying record low levels of inventories to avoid the need for post-rush markdowns.[More...]

Martha Stewart Living Omnimedia (NYSE: MSO) is expected to maintain its lukewarm streak in the coming year.

According to a report released by JPMorgan (NYSE: JPM), Martha Stewart Living Omnimedia is not expected to gain any upward trajectory on its share price. However, MSO’s long term prospects look fine. MSO share price has been weak lately. MSO’ shares are down by 42% from its mid-September pricing, whereas broader market index S&P gained 4% during the same time period. However, even such low pricing does not make MSO an attractive buy since shares are trading at 9.5X multiple of Estimated EBITDA for Y2011.

Martha Stewart Living Omnimedia’s ad pages have gained a little traction in December and showed a growth rate of 20%. MSO is also likely to gain from the closures of rival magazines such as ‘Modern Bride’ and ‘House and Garden’. It is also expected that MSO’s Macy's (NYSE: M) and Home Depot (NYSE: HD) revenues would outplace Kmart’s over a period of time.

Home Depot (NYSE: HD) closed yesterday at $27.93. So far the stock has hit a 52-week low of $17.49 and 52-week high of $28.48. Home Depot stock has been showing support around 27.55 and resistance in the 28.53 range. Technical indicators for the stock are Bullish and S&P gives HD a neutral 3 STAR (out of 5...(Click the story link or go to http://www.marketintelligencecenter.com for the full story)

Citi reiterates their Buy Rating on The Home Depot, Inc. (NYSE: HD) with a price target of $34 as the housing market is showing signs of improvement and analysts feel that Home Depot is well-positioned for a housing market recovery.

Citi Analysts also expects Home Depot’s earnings as well as same store sales to improve because Home Depot has a disciplined expense control system, which could also improve margins. Moreover, Home Depot also took merchandising and supply chain transformation initiatives that will improve the earnings growth.

Yesterday, HD closed at $27.93. HD has a 52-week trading range of $17.49 - $28.48. Till now during the current calendar year, HD has surged over 20%.