FTUS...thought it was gonna be a great short when I saw Friday's move....dont't think so just now...might be a better long
FTUS
I don't think its gonna be that good of a short tomorrow....
Standard & Poor's Announces Changes to S&P SmallCap 600 Index
Thursday October 10, 6:01 pm ET
NEW YORK, Oct. 10 /PRNewswire/ -- Standard & Poor's will make the following changes in the S&P SmallCap 600 Index:
* Wintrust Financial Corp. (Nasdaq: WTFC - News), Hydril Co. (Nasdaq: HYDL - News),
New Century Financial Corp. (Nasdaq: NCEN - News) and
Knight Transportation Inc. (Nasdaq: KNGT - News) will replace
Aspen Technology (Nasdaq: AZPN - News), Factory 2-U Stores (Nasdaq: FTUS - News),
AXT Inc. (Nasdaq: AXTI - News) and Electroglas, Inc. (Nasdaq: EGLS - News),
respectively, in the S&P SmallCap 600 Index after the close of trading
on Friday, October 11, 2002. All four companies are being removed on
account of low market value and low price.
* Waypoint Financial Corp. (Nasdaq: WYPT - News) will replace ChemFirst Inc.
(NYSE: CEM - News) in the S&P SmallCap 600 Index after the close of trading
on Wednesday, October 16, 2002. S&P 500 component Du Pont (E.I.)
(NYSE: DD - News) is acquiring ChemFirst in a transaction anticipated to
close on that date. The transaction is still subject to shareholder
approval.
Wintrust Financial Corp. is a bank holding company providing community- oriented, personal and commercial banking services through its seven wholly- owned subsidiaries. The company, headquartered in Lake Forest, IL, will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Banks sub-industry.
Hydril Co. is engaged worldwide in engineering, manufacturing and marketing premium connection and pressure control products used for oil and gas drilling and production. The company, headquartered in Houston, TX, will be added to the S&P SmallCap 600 GICS Oil & Gas Equipment & Services sub- industry.
New Century Financial Corp. is a nationwide specialty mortgage banking company that originates, purchases and sells residential mortgage loans. The company, headquartered in Irvine, CA, will be added to the S&P SmallCap 600 GICS Consumer Finance sub-industry.
Knight Transportation Inc. is a short to medium-haul, dry van truckload carrier. The company, headquartered in Phoenix, AZ, will be added to the S&P SmallCap 600 GICS Trucking sub-industry.
Waypoint Financial acts as the holding company for Waypoint Bank, which serves individuals and business customers through 58 branches in Pennsylvania and Maryland. The company, headquartered in Harrisburg, PA, will be added to the S&P SmallCap 600 GICS Banks sub-industry.
Following is a summary of the announced changes:
S&P SMALLCAP 600 INDEX - October 11, 2002
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Wintrust Financial Financials Banks
Hydril Co. Energy Oil & Gas Equipment &
Services
New Century
Financial Corp. Financials Consumer Finance
Knight
Transportation Inc. Industrials Trucking
DELETED Aspen Technology Information Application
Technology Software
Factory 2-U Stores Consumer General
Discretionary Merchandise Stores
AXT Inc. Information Semiconductor
Technology Equipment
Electroglas, Inc. Information Semiconductor
Technology Equipment
S&P SMALLCAP 600 INDEX - October 16, 2002
COMPANY GICS ECONOMIC SECTOR GICS SUB-INDUSTRY
ADDED Waypoint Financial Financials Banks
DELETED ChemFirst Inc. Materials Specialty Chemicals
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Standard & Poor's is a leader in providing highly valued financial data, analytical research and investment and credit opinions to the global capital markets. Among the company's many products are the S&P Global 1200, the first real-time, global equity index, the S&P 500, the premier U.S. portfolio index, and credit ratings on more than 220,000 securities and funds. With more than 5,000 employees located in 18 countries, Standard & Poor's is an integral part of the world's financial architecture. Additional information is available at spglobal.com.
Founded in 1888, The McGraw-Hill Companies is a global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, BusinessWeek and McGraw-Hill Education. The corporation has more than 350 offices in 33 countries. Sales in 2001 were $4.6 billion. Additional information is available at mcgraw-hill.com.
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