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(GR, LO, GS, CLNO) Stocks in Focus by PennyGovernance.com

By The News Desk - In Hot Stocks - At Oct 25, 11 12:49 PDT -25200

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Goodrich Corporation (NYSE:GR) has scheduled its release of third quarter 2011 financial results for Thursday, Oct. 27, 2011, before the market opens. The financial results release will be available through First Call and on www.goodrich.com under “Goodrich News.” In addition to the results release, a slide presentation will be available on the investor relations page of our website under “presentations.”

Goodrich Corporation supplies aerospace components, systems, and services primarily in the United States, Canada, Europe, and the Asia Pacific.

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Lorillard, Inc. (NYSE:LO) announced results for the quarter ended September 30, 2011 Earnings per diluted share increased 7.2% versus last year to $1.94. Net sales increased 3.5% from last year to $1.622 billion. Lorillard domestic wholesale shipments increased 2.8% versus last year compared to an estimated 6.4% decline in industry domestic wholesale shipments. Adjusted for changes in wholesale inventory patterns, Lorillard domestic wholesale shipments increased approximately 7% versus year ago. Total Lorillard retail market share increased 1.3 percentage points versus last year to 14.2%. Net sales increased $55 million to $1.622 billion in the third quarter of 2011, compared to $1.567 billion in the third quarter of 2010, an increase of 3.5%. The increase resulted from higher unit sales volume and higher average prices, partially offset by introductory promotional pricing of Newport Non-Menthol. Gross profit was $563 million in the third quarter of 2011, or 34.7% of net sales, compared to $566 million, or 36.1% of net sales, in the third quarter of 2010. The decrease in gross profit reflects higher costs related to the State Settlement Agreements and the Federal Assessment for Tobacco Growers and higher Food and Drug Administration user fees, partially offset by the increase in net sales.

Lorillard, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes in the United States.

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The Goldman Sachs Group, Inc. (NYSE:GS) reported net revenues of $3.59 billion and a net loss of $393 million for the third quarter ended September 30, 2011. The diluted loss per common share was $0.84 compared with diluted earnings per common share of $2.98 for the third quarter of 2010 and $1.85 for the second quarter of 2011. Annualized return on average common shareholders’ equity (ROE) (1) was 3.7% for the first nine months of 2011. Excluding the preferred dividend of $1.64 billion related to the redemption of the firm’s Series G Preferred Stock in the first quarter of 2011, annualized ROE was 6.0% (2) for the first nine months of 2011.

The Goldman Sachs Group, Inc., together with its subsidiaries, provides investment banking, securities, and investment management services to corporations, financial institutions, governments, and high-net-worth individuals worldwide.

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http://pennyomega.com/img/clno.jpgCleantech Transit Inc. (CLNO)

Cleantech Transit is focusing its efforts on building a portfolio of environmentally friendly green assets. Cleantech Transit goal is to create a self sustaining environment where they can produce and sell clean electricity for their domestic use. In addition Cleantech will expand its focus to other areas of sustainable energies including renewable resources such as Geothermal, Solar and Wind. Their goal is to use innovative technologies to reduce electricity consumption and dependence on carbon based energy.

Biomass can be used for fuels, power production and products that would otherwise be made from fossil fuels. It does not add CO2 to the atmosphere as it absorbs the same amount of carbon in growing as it releases when consumed with fuel. It can be used to generate electricity with the same equipment or power plants that are now burning fossil fuels. It is sensible to use waste products where we can. Biomass fuel generally tends to be cheap. Using biomass sources places less demand on the Earth’s resources. The use of biomass energy has the potential to greatly reduce greenhouse gas emissions. The use of biomass can reduce dependence on foreign oil.

Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech has selected to invest in Phoenix Energy (www.phoenixenergy.net).

Cleantech Transit, Inc. (CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.

The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.

For more information about Cleantech Transit Inc. visit: www.cleantechtransitinc.com

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