SOURCE: APS Financial Corporation

February 20, 2008 12:30 ET

APS Financial Corporation Discontinues Coverage of Hines Horticulture, Inc.

AUSTIN, TX--(Marketwire - February 20, 2008) - APS Financial Corporation has discontinued coverage of Hines Horticulture, Inc. High Yield Notes (Bond Symbol: HORT). The Company was covered by Senior Vice President & Director of High Yield Research, Joel D. Luton. Coverage is being discontinued because the Company will no longer provide financials. On February 12, 2007, APSF initiated coverage on HORT's High Yield Notes with a SELL recommendation. The High Yield Notes have recently traded ~48, down from ~91 at the time of initiating coverage.

APS Financial Corporation (APSF) specializes in insurance company fixed income asset management, institutional and retail securities sales, and investment analysis. Established in 1981, APSF provides both institutions and high net worth individual investors with value-added, personalized investment advice and account services. Our staff includes experienced analysts, traders, and portfolio managers who are knowledgeable in all areas of the fixed income market. In addition to offering insurance asset management and reporting services, APSF is also extensively involved in the trading and analysis of high yield corporate bonds. We conduct our own proprietary research and have developed a large client base of high net worth individuals and institutional buyers.

Contact Information

  • Contact:
    Debbie Pringle
    High Yield Associate Analyst
    Email Contact
    Toll-free: (800) 248-0620