QUOTE AND NEWS
Times Online  May 12  Comment 
The Police and Crime Commissioner local to David Cameron is the latest to be dragged into an expenses row after...
Times Online  Apr 17  Comment 
A police commissioner has called for more citizens’ arrests and said the public should intervene more to challenge criminals. David Lloyd,...
Forbes  Mar 18  Comment 
Salem Communications Corporation (SALM) announced its quarterly dividend of 5 cents per share, an increase of about 43% over its prior dividend in December of 3.5 cents. The cash distribution will be paid on April 1, 2013 to stockholders of...
guardian.co.uk  Mar 15  Comment 
A breakdown of the six main areas where the main parties disagree over the establishment of a beefed-up press regulator 1 Royal Charter press watchdog David Cameron proposes a body – enshrined in a royal charter – to audit a reformed Press...
guardian.co.uk  Mar 8  Comment 
Team formed to set up watchdog to replace PCC also includes former ITN boss Sue Tinson and Guardian's Simon Jenkins Trevor Kavanagh, the Sun columnist and former political editor, and Dame Sue Tinson, the former editor of News at Ten, have been...
guardian.co.uk  Mar 7  Comment 
PCC's Lord Hunt refuses to name panel who will work with Lord Philips following Leveson report recommendations The former supreme court judge, Lord Phillips of Worth Matravers, has established a six-strong "foundation group" to kick start the...
guardian.co.uk  Feb 24  Comment 
Lord Puttnam and friends have done us no favours by attaching Leveson's reforms to measures going through parliament The difficulty is treating Leveson as though it were Old Testament doctrine in some holy war. There isn't, in truth, a huge...
Benzinga  Jan 7  Comment 
Precision Castparts Corp. (NYSE: PCP) (PCC) announced today the completion of the subsequent offering period relating to the tender offer through its wholly owned subsidiary, ELIT Acquisition Sub Corp. (Purchaser), for all of the outstanding...
Benzinga  Dec 21  Comment 
Precision Castparts Corp. (NYSE: PCP) (PCC) today announced the successful completion of the cash tender offer (the "Offer"), through its wholly owned subsidiary, ELIT Acquisition Sub Corp. (Purchaser), for all of the outstanding shares of common...
guardian.co.uk  Dec 20  Comment 
Chairman of Press Complaints Commission denies earlier claims that commissioners were resistant to change Lord Hunt, the chairman of the Press Complaints Commission, has said the delay in establishing a new newspaper watchdog was not caused by...





 
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The Company that primarily originates first-lien, real estate-collateralized loans to small businesses, primarily in the limited service hospitality industry. PMC has two subsidiaries that act as non-bank Small Business Administration 7(a) Program lenders, which means that the Company is able to originate loans that are guaranteed up to 75% by the SBA. It also means that portions of 7(a) loans guaranteed by the agency can be transformed into AAA rated government bonds and sold on the secondary market.

Business and Financials

During the first quarter, the Company originated approximately $17.1 million of loans, but funded $8.9 million in April -- an increase of 56% over the first-quarter run rate. Impairments and provisions ticked up just $10,000 over the prior quarter, so credit metrics on the retained portfolio showed no deterioration.





References

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