DALLAS, Dec. 11, 2009 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Century Aluminum Co. (Nasdaq:CENX). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
It is available at: http://www.investorsoup.com/lp/CENX
Get our alerts BEFORE the rest of the market. Follow us on Twitter: www.twitter.com/investorsoup
Century Aluminum Co. (CENX) is a holding company engaged in producing aluminum. The Company's principal subsidiaries are Century Aluminum of West Virginia Inc., Berkeley Aluminum Inc., Century Kentucky Inc. and Nordural ehf. Century of West Virginia operates a primary aluminum reduction facility in Ravenswood, West Virginia.
Message Board Search for CENX: http://www.boardcentral.com/boards/CENX
In the report, the analyst notes:
"In the third quarter of 2008, the Company reported net income (as adjusted to reflect the implementation of ASC 470-20 Debt with Conversion and Other Options) of $35.8 million ($0.58 per basic and $0.55 per diluted common share). The reported earnings per share data reflected net income of $27.5 million allocable to common shareholders. These results were negatively impacted by a net after-tax charge of $50.4 million for mark-to-market adjustments on forward contracts that do not qualify for cash flow hedge accounting. Results were positively impacted by a $3.3 million tax benefit related to the release of tax reserves no longer required.
"The Company yesterday announced that, in connection with the exchange offer and consent solicitation related to its 7.5% Senior Notes due 2014, CUSIP No. 156431AH1 (the '2014 Notes'), the Company issued $245,475,800 aggregate principal amount of 8% Senior Secured Notes due 2014 (the 'Exchange Notes') in exchange for $243,052,000 aggregate principal amount of 2014 Notes and delivery of related consents; approximately $2.4 million of the Exchange Notes were issued and approximately $2.4 million in cash was paid for such consents. After giving effect to the exchange offer, $6,948,000 aggregate principal amount of 2014 Notes remain outstanding."
To read the entire report visit: http://www.investorsoup.com/lp/CENX
See what investors say about these stocks at: http://www.stockhideout.com/
InvestorSoup.com is a small-cap research and investment commentary provider. InvestorSoup.com strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on InvestorSoup.com, please visit http://www.InvestorSoup.com
InvestorSoup.com Disclosure
InvestorSoup.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell any securities. InvestorSoup.com is a Web site wholly owned by BlueWave Advisors, LLC. Please read our report and visit our Web site, InvestorSoup.com, for complete risks and disclosures.