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By Jim Fitzgerald
Associated Press
February 26, 2005
KATONAH, N.Y. -- She will be able to return to work and start drawing her $900,000 salary again, and she will be free to throw lavish house parties -- as long as she doesn't invite any criminals.
Martha Stewart will also be wearing the must-have accessory for the convicted felon on the go: an electronic anklet that will allow authorities to monitor her movements.
After five months in prison in West Virginia, Stewart will be released next weekend to her 153-acre estate in the rolling horse country 40 miles north of midtown Manhattan. There, for another five months, she will serve the home detention portion of her sentence for a stock scandal.
The woman behind a billion-dollar homemaking empire will be confined to one of several houses on her estate in Katonah, except for 48 hours a week for "gainful employment," said Chris Stanton, chief U.S. probation officer in New York.
Stewart, 63, who also has homes in Connecticut, Maine and the Hamptons, chose the Katonah estate, which she bought in 2000 for $16 million, to be her prison away from prison until August.
Authorities will use the anklet and random phone calls to enforce the ban on going outside during nonworking hours.
As for employment, besides running Martha Stewart Living Omnimedia and writing a column for her magazine, Stewart can prepare for the two TV shows she will be starring in -- a revival of her daily homemaking show and her own version of "The Apprentice." Her contract with her company says that her salary, which was suspended while she was behind bars, will be reinstated during home detention.
It has not yet been established whether she will commute to Manhattan, travel to her TV studio in Westport, Conn., or work at home. The details will be worked out with her probation officer in the first few days after she gets out.
After being convicted, Stewart expressed the hope that she would be out of prison early enough to plant a spring garden, and there has been talk that she might use the grounds or her huge new greenhouse to tape gardening segments for her show. But that would require a town filming permit and no application has been filed, said Alexandra Costello of the town of Bedford, which includes Katonah.
While confined, Stewart will be free to entertain colleagues, neighbors, friends and relatives as long as they are not criminals. Convicted felons are not allowed to consort with convicted felons.
WAIT...that means she can't hang out with any of her "close" friends!!!
"Trade What Is Happening...Not What You Think Is Gonna Happen"
Hovnanian Enterprises Guides Earnings Above Current Estimates
Wednesday, March 02, 2005 4:56:19 PM ET
View: Complete Article | Historical Guidance
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Hovnanian Enterprises (HOV) said it expects second quarter earnings of approximately $1.60 per share and 2005 earnings of approximately $6.85 per share, including special items. The current consensus earnings estimate is $1.53 per share for the quarter ending April 30, 2005 and is $6.67 per share for the year ending October 31, 2005.
Bruker BioSciences Raises Revenue Projections
Wednesday, March 02, 2005 4:55:12 PM ET
View: Complete Article | Historical Guidance
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Bruker BioSciences (BRKR) said it expects 2005 revenue of $313.1 million to $318.8 million. The current consensus estimate is revenue of $300.9 million for the year ending December 31, 2005.
Longs Drug Stores Guides Fiscal Year Earnings Above Estimates
Wednesday, March 02, 2005 4:34:05 PM ET
View: Complete Article | Historical Guidance
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Longs Drug Stores (LDG) said it expects first quarter earnings of $0.27 to $0.32 per share and fiscal year earnings of $1.27 to $1.35 per share, excluding stock-option expense of $0.03 to $0.05 per share. The current consensus earnings estimate is $0.27 per share for the quarter ending April 30, 2005 and is $1.19 per share for the year ending January 31, 2006.
Ceres Guides Above Estimates
Wednesday, March 02, 2005 4:17:22 PM ET
View: Complete Article | Historical Guidance
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Ceres Group (CERG) said it expects 2005 earnings of $0.50 to $0.53 per share. The current consensus earnings estimate is $0.49 per share on for the year ending December 31, 2005.
Express Scripts Raises First Quarter Earnings Outlook
Wednesday, March 02, 2005 4:15:30 PM ET
View: Complete Article | Historical Guidance
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Express Scripts (ESRX) said it expects first quarter earnings of $1.07 per share or higher. The current consensus earnings estimate is $1.04 per share for the quarter ending March 31, 2005.
"Trade What Is Happening...Not What You Think Is Gonna Happen"
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