CapitalSource News

But keep in mind that the healthy companies no one wants to touch often prove that ugly stocks make great opportunities . via Fool.com

Comment?

“We believe the strength of our business will be enhanced by combining our commercial lending franchise with our new depository.”

CapitalSource reported that net income for the first quarter of 2008 was $6.8 million, a drop of 91% when compared to net income of $78.6 million for the same period last year, but a notable improvement from ... via Monitor Daily

Comment?

Revenue grew 3.1 percent, to $119.5 million.* Ronald W. Kaplan , chief executive of the Winchester, Va.-based maker of composite decking and fencing materials, said, "The measures we took in the first quarter - ... via The Washington Post

Comment?

Adjusted earnings were $113.3 million, or 51 cents per share, compared to $113.9 million, or 63 cents per share, in the year-ago quarter. via SNL Financial

Comment?

AFN / CSE / RAS / RSO It would appear from the recent quarterly reports of four commercial REITs that the credit market, at least in the ways that it affects the commerical REITs, is beginning to stabilize. via Seeking Alpha

Comment?

“We believe the strength of our business will be enhanced by combining our commercial lending franchise with our new depository”

Adjusted Earnings for the quarter were $113.3 million or $0.51 per diluted share, and net income for the quarter was $6.8 million or $0.03 per diluted share. via Earth Times

Comment?

“We expect to complete the renewal of other credit facilities in the coming days and also are moving forward with our recently announced depository strategy, which will further strengthen and diversify our funding.”

CapitalSource Inc. announced the renewal of a committed, secured credit facility totaling $1 billion. via Monitor Daily

Comment?

“Since CapitalSource will be inheriting $3 billion of cash and short-term investments, which can be used to pay down credit facilities, we believe this transaction greatly reduces liquidity risk over the near term”

On the M&A front, commercial mREIT CapitalSource snagged struggling Fremont General's 22 Southern California bank branches, a move investors initially cheered. via Housing Wire

Comment?

“It will be a better source of funding over time.”

If borrowing in the capital markets stink, and right now it does, there's always another way to get money: buy a retail bank full of money from folks like you and me. via PE Hub

Comment?

“CapitalSource was a logical choice as our financing partner because it has a group dedicated to the security industry and was quick to recognize this market opportunity in the fast-growing night vision industry”

CapitalSource has provided a senior credit facility to Relativity Capital to facilitate the majority ownership of NIVISYS Industries, LLC. via Monitor Daily

Comment?