DEADBEAT The March Group PLLC

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 6, 2010 -- DEADBEAT The March Group PLLC
Bucyrus International Inc.'s (BUCY: 62.64, -0.21, -0.33%) fourth-quarter profits were up 24% over a year ago amid increasing demand for mining equipment parts and service.

For the quarter, the company reported net income of $81.46 million, or $1.07 per share, versus $65.75 million, or 88 cents per share, last year. Sales dropped 10.5% to $645.8 million.

Analysts had forecast earnings of 92 cents per share on sales of $624.3 million.

Bucyrus predicted 2010 sales of $2.65 billion to $2.75 billion. Analysts have predicted pre-tax profit of $480 million on sales of $2.49 billion.

For the year, Bucyrus reported profit of $312.7 million, or $4.12 a share, compared with $233.3 million, or $3.10, in 2008. Sales rose 5.8% to $2.65 billion.

Shares of the stock were off just under 1% in Friday trading.

Extended Billing Period

Card companies must provide cardholders with 21 days notice of due payment. That’s a whole week more than the current 14 day requirement.

Protection of Young Consumers

Students are among the most likely to fall prey to card companies. According to a 2008 PIRG survey, 66% of students age 18-21 have at least one credit card, and those responsible for their own card on average graduate with $2,623 debt.

Previously, card companies set up on-campus stands to seduce students with free food—donning the goods to students only if they filled out an application form. The new rules ban card companies from requiring students fill out the form to receive freebies.

The law also stipulates Universities make all relationship with banks transparent (by posting affiliation on the University Web site). Students’ ability to pay up is also important. In the past, card companies granted cards to almost all students. Under new rules, consumers under age 21 must provide a co-signer or evidence of independent income.


The March Group

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