A&B income, revenue down in Q2 - Frank Bluestein Reports

Hawaii-based Alexander & Baldwin, Inc. (NYSE: ALEX) on Friday reported that net income for the second quarter of 2009 was $12.6 million, down from $29.6 million for the same period in 2008.

Revenue fell as well, from $460.5 million to $355.1 million.

Net income for the first half of 2009 was $15.6 million, compared with $71.7 million in the first half of 2008.

Revenue for the same period was $674.5 million, compared to revenue of $1,038.7 million in the first half of 2008.

A&B is the parent company of Matson Navigation Co.

“A&B’s second quarter 2009 performance improved considerably from the first quarter of the year — principally as a result of Matson’s return to profitability, and, to a lesser extent, increased real estate sales,” said W. Allen Doane, chairman and CEO of A&B. “These improvements were partially offset, however, by poor performance in our Agribusiness division, as well as the pervasive impacts of the national and global recession. In response to the difficult economic environment, we have taken necessary measures this year to better align our cost structure with the realities of today’s lower levels of demand. These efforts are producing tangible results.”

Doane said A&B remained on “solid financial ground” and is generating “significant cash flow” from its operating business.

But he warned of “choppy earnings results” for the remainder of 2009.

A&B’s real estate leasing segment saw an operating profit of $11 million in the second quarter — the result of strong occupancy levels for A&B’s Hawaii properties — while the real estate sales segment posted an operating profit of $9.6 million, “resulting from the sale of Hawaii income properties and several Maui land parcels during the quarter,” according to the company.

“As previously announced, in late May the company increased its investment at the Kukuiula joint venture development project, a statement of our confidence in Hawaii development, and to the unique opportunity presented by this project to capture rising buyer demand as real estate markets recover over time,” said Doane.

Kukuiula is a luxury home project on Kauai.

Source: http://www.bizjournals.com

** For more fascinating stock market coverage - logon to http://www.freedomroadtrading.com where you can learn how to win by playing the market. Frank Bluestein is your guide to playing the market up or down in these volatile times.

Frank Bluestein - SEO Mastermind

Dear ones,

Frank has been labled many things in his time, (as the web surely shows) but nothing knocked my socks off like this one...... Frank Bluestein SEO MASTERMIND http://234.com.ru/ Seeing is believing folks.

Apparently, Frank knows a thing or two about the Internet. Its amazing how he got on this list when everyone knows... FREEDOM ROAD TRADING.COM is his real claim to fame!

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Maybe.... anything is possible.

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Frank Bluestein Releases New Theme Song For New Website Project

FRANK BLUESTEIN - NEW THEME SONG - HITS WEB

Mysterious lounge singer donates vocals and music talents to assist Detroit businessman
Detroit, Michigan – Frank Bluestein is back in the news. He has accepted a theme song from lounge singer, Duncan F. Godston, (stage name Mr. Excitement). The song will be used for a new series of online media including a website in the upcoming September 2009 launch.

“Frank is the kind of guy who really appreciates style, class and impeccable singing style… and heck… I got all three in spades” gloats Duncan F. Godston. “I have been a fan of Franks work since I can’t remember and this country is a mess. I decided to do my part for America and lend a hand --- I can honestly say from the heart…. I did it for my country. I can’t fight overseas due to a bum leg… .but I can sure sing on key”.The new website is planned for September 2009 at http://www.teachmetotradefrankieb.com and the theme song was designed to uplift the spirit of our economy.

Rumors from Team Bluestein is that the new trading site is so secret that not even top officials even know about it’s contents. Frank’s not talking. “They will just have to wait until we unveil it but I can tell you one thing…. Its going to be something to see”.

Get a load of this rockin new theme song:
Its Grammy Bait.....



Leave it to Frank Bluestein to deliver some incredible high energy sounds.....

Frank Bluestein - FEEL THE LOVE !!

This man is truly loved.

Thank you for all the kind words and endless fan mail we receive.

We'll get back with you shortly.

Team Bluestein - July 2009

Frank Bluestein - ROCK ME FRANK BLUESTEIN

Women Love Him - Men Wish To Be Him
HES MONEY BABY !!! HES FRANK BLUESTEIN
ACCEPT NO IMITATORS!!

Boldly go where weak minded men do not. FREEDOM ROAD TRADING - ITS ONE HELL OF A STOCK TRADING SITE.. IT NEVER CLOSES FOLKS!

Come and get the winning plays for the stock trading market. Frank Bluestein is your personal coach and will guide you through the power plays if you are experienced OR if you are a novice. Come on down to Freedom Road.... ITS ON!

Posted by Mr. Money, on a hot July night in 2009

New Frank Bluestein - Podcast CD Set

Ever wonder what it takes to be a great stock picker?

Are you clueless about the market?

Did you ever think you could make money from home picking stocks?

Frank Bluestein is back with Freedomroadtrading.com The site has done tremendously well in the past two years and wants to do something for its new members.

We are in the process right now of geting some of our best past podcasts and putting them on a handy CD for you to play, use and study. This is a powerful tool.

Stay tuned for more information on this amazing product.

Ted Cantu posted this message on July 14, 2009 at 1:20 AM

Why Can't Rob Wolchek Get His Facts Straight?

Frank Bluestein Resurfaces With New Stock Picking PodcastFreedomRoadTrading.Com has launched recently with some new features for stock traders. This website has been highly anticipated among the at-home traders across the country. It is part of a large online promotion through iCantu Media LTD which is based out of Chicago.

The site features Frank Bluestein a Michigan based business developer Frank Bluestein, a retired financial advisor who ran a stock portfolio in excess of 100 million dollars. Bluestein delivers a power packed daily podcast in addition to featuring his favorite stock picks on the site. Subscribers have a chance to listen to a seasoned professional when it comes to stock trading.

Fox Detroit erroneously labeled Frank Bluestein as “Frankie Blue”. Irresponsible note taking on behalf of one television reporter Rob Wolchek is to blame for this error. Mr. Bluestein has never been promoted with this moniker. This new site has nothing to do with Mr. Bluestein’s former business ventures. Freedom Road Trading is the direct result of three years of solid planning before its initial launch in 2007.

The idea to create the site is a result of careful evaluation of the world economy. “I feel that this site launch will definitely help those who care about the market. It is created for the novice as well as the seasoned individual. The subscriber will get a chance to get valuable insight from a daily podcast that gets sent out on a regular basis. We are especially excited about the energy stocks and the auto market”.

For additional information regarding Frank Bluestein and Ted Cantu you can contact them at 248.631.9211. You can also visit their website at http://www.hotmetrofinds.com.

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tedcantu@gmail.com http://www.hotmetrofinds.com/