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Profile - Pittston Company (NYSE:PZB)
As of 31-Aug-2001
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More Info: Quote | Chart | News | Profile | Research | SEC | Msgs | Insider | Options | Financials
Recent Events
Sep  4Dividend payment of $0.025
Location
1801 Bayberry Court, P. O. Box 18100
Richmond, VA 23226
Phone: (804) 289-9600
Fax: (804) 289-9770
Email: info@pittston.com
Employees (last reported count): 43,800
Financial Links
 ·Top Institutional Holders
 ·Top Mutual Fund Holders
 ·Analyst Upgrade/Downgrade History
 ·Historical Quote Data
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Security Systems & Services
Company Websites
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 ·Investor Relations
 ·Employment
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Index Membership
 ·S&P 400 MidCap
Ownership
·Insider and 5%+ Owners: 24%
·Over the last 6 months:
 · 6 insider sells; 109.0K shares
  (0.9% of insider shares)
·Institutional: 85% (112% of float)
(296 institutions)
·Net Inst. Selling: 492.0K shares (+1.13%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
 ·Ratio Comparisons
Business Summary
The Pittston Company is a diversified company with interests in security services. The Company is comprised of four operating segments and one discontinued segment. The major activities of Brink's are contract-carrier armored car, automated teller machine, air courier (global services), coin wrapping and currency and deposit processing services. BAX Global is a transportation and supply chain management company. Through its Allied Operations, the Company owns non-coal properties. Mineral Ventures' business is directed at locating and acquiring mineral assets, developing advanced stage projects and operating mines. Coal Operations, its discontinued operation, was primarily engaged in the mining, preparation and marketing of coal, the purchase of coal for resale and the sale or leasing of coal lands to others.
More from Market Guide: Expanded Business Description

Financial Summary
PZB is a diversified co. with interests in security services, global freight transportation and supply chain management services, mining and minerals exploration and oil and natural gas production. For the six months ended 6/30/01, revenues fell 5% to $1.79 billion. Net income from continuing operations, applicable to Common and before accounting change fell 35% to $12.2 million. Results reflect lower BAX Global revenue and lower operating margins at Brink's Inc.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Compensation
PayExer

Michael Dan, 50
Chairman, Pres, CEO
$973K--  
James Hartough, 53
VP- Corp. Fin., Treasurer
310K$27K
Robert Ritter, 49
VP, CFO
439K--  
Austin Reed, 49
VP, Gen. Counsel, Sec.
395K--  
Frank Lennon, 59
VP-Admin., Director of HR
394K28K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year.
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- NYSE:PZBAs of 31-Aug-2001
Price and Volume
52-Week Low
on 2-Nov-2000
$13.75 
Recent Price$22.06 
52-Week High
on 4-June-2001
$25.31 
Daily Volume (3-month avg)147.8K
Daily Volume (10-day avg)131.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change+36.3%
52-Week Change
relative to S&P500
+82.8%
Share-Related Items
Market Capitalization$1.14B
Shares Outstanding51.8M
Float39.3M
Dividends & Splits
Annual Dividend (indicated)$0.10 
Dividend Yield0.45%
Last Splitnone 
Per-Share Data
Book Value (mrq)$9.53 
Earnings (ttm)-$0.33 
Earnings (mrq)$0.07 
Sales (ttm)$54.84 
Cash (mrq)$1.82 
Valuation Ratios
Price/Book (mrq)2.31 
Price/EarningsN/A 
Price/Sales (ttm)0.40 
Income Statements
Sales (ttm)$2.82B
EBITDA (ttm)$184.9M
Income available to common (ttm)-$17.2M
Profitability
Profit Margin (ttm)-0.7%
Operating Margin (ttm)-0.2%
Fiscal Year
Fiscal Year EndsDec 31
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-0.76%
Return on Equity (ttm)-3.13%
Financial Strength
Current Ratio (mrq)0.93 
Debt/Equity (mrq)0.83 
Total Cash (mrq)$94.3M
Short Interest
As of 8-Aug-2001
Shares Short593.0K
Percent of Float1.5%
Shares Short
(Prior Month)
545.0K
Short Ratio3.83 
Daily Volume155.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   B = billions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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