The Montreal Impact are heading into hostile territory for their upcoming CONCACAF Champions League matchup. FAS on Wednesday. Due to strict CONCACAF stadium requirements, FAS is unable to compete on its usual turf in Santa Ana. Instead, the match will be held in the substantially larger Estadio Cuscatlan, a 53,400 seater in the nation's capital. Knowing just how loud and disruptive the FAS faithful can be, Impact midfielder Maxim Tissot is preparing for an intense atmosphere. "I heard about them, and it's intimidating," Tissot said in a recent interview. "It'll be tough there, with both the opposing team and the referees. We have to be ready." In the club's prior Champions League appearances in 2008 and 2013, Montreal travelled to Nicaragua, Mexico, Honduras, Trinidad and Tobago, and Guatemala. The Impact are 2 1 1 all time in the Champions League in Central America. This will be the club's first visit to El Salvador Central America's smallest nation where the fans are known for their passion and sometimes unruly behaviour. In addition, Impact manager Frank Klopas will have to watch the match from the press box. Two weeks ago, when 10 man Montreal beat FAS 1 0 at Saputo Stadium to take a three point lead at the top of their group, Klopas was ejected for leaving his technical area late in the game. The ejection came shortly after defender Hassoun Camara was shown a straight red card for a studs up slide tackle on FAS midfielder Raul Renderos. Camara will also miss Wednesday's match due to suspension. After the ejections, FAS pressed for the equalizer, but could not capitalize with the man advantage. Striker Marco Di Vaio had the game's lone goal. "We're going with confidence to El Salvador because we know that it's going to be an important game for us," Di Vaio said. "We have to go there to try to win. We arrive there with more confidence for sure because we came out of a bad time and we know that everything now is simpler." Montreal's meagre victory at home against the group's weakest team could be its undoing. The Impact's offensive woes proved costly last year when goal differential was a factor in their group stage elimination. This fall, Montreal (1 0 0) will finish group play with a home and away series against the New York Red Bulls, the third and final team in Group 3. New York has yet to play a Champions League match this year. Only the winner of the group will advance to the eight team knockout stage. FAS (0 1 0) is one of the most popular soccer teams in El Salvador. With 17 national titles, it is the country's most decorated club. FAS is currently sixth in the Salvadoran Premier League with four points from three games. In 1979, the club won the CONCACAF Champions' Cup in what later became the Champions League. Since the tournament changed name and format in 2008, FAS has never made it past the group stage in three occasions. On Wednesday, FAS will look for another standout performance from goakeeper Luis Contreras, who made six saves against the Impact two weeks ago. If not for Contreras, Montreal would likely have run away with the game early on. FAS will also benefit from a full team, which wasn't the case at Saputo Stadium. Due to visa issues, the team from Santa Ana travelled to Canada with just 14 players and without its head coach. The Impact, meanwhile, will have a slightly different look for the road game. Montreal finally added Argentine midfielder Ignacio Piatti to its roster after a lengthy courting process. Piatti made his first start for the club on Saturday before being substituted shortly after halftime. His arrival may not help the struggling team in MLS play, but the 29 year old could help Montreal make a push in the Champions League. The Champions League is an annual club tournament that involves 24 teams from North America, Central America, and the Caribbean. Montreal is representing Canada in the competition after winning the Amway Canadian Championship in June. Notes: The Impact trained in Miami on Monday before leaving for El Salvador on Tuesday. The distance between Montreal and San Salvador is 3,825 kilometres. In 2008 09, when still in the North American Soccer League, the Impact reached the Champions League quarter finals. Montreal ended a seven game losing streak in MLS with a 1 0 victory over Chicago on Saturday. 344613 061 Air Jordan 1 Retro High Black Max Orange White ,378037 117 Womens Air Jordan 11 Legend Blue White Black Legend Blue 528895 153 Air Jordan 11 Low Concord White Black Concord 130207 101 Air Jordan 1 94 Retro White Black Red 656503 501 Air Jordan Future Dark Concord Dark Concord White 136066 041 Air Jordan 1 Retro Black Blue 543390 439 Air Jordan 6 Game Royal 2014 Women Size Nike Air Foamposite One Knicks Air Jordan 6 Rings Black Varsity Royal 528895 153 Air Jordan 11 Low Concord White Black Concord You're welcome to join us there. Read the whole story CommentsBe the first to commentUse a social media account you already have to log in. More info Login with: LinkedIn Media UK If you're not on social media, register for a limited use Media UK account. By logging in, you are consenting to a cookie that personally identifies you to us. Posted 11 Jul 2014, 14:46 The Press Complaints Commission (PCC) has thrown out a complaint by former footballer Stan Collymore that the Sun ran a "campaign against him" through articles about his relationship with ex girlfriend Ulrika Jonsson. Collymore, who infamously at. Free Radio holds free gig with The Vamps From Radio Today. Posted 11 Jul 2014, 11:09 Free Radio surprised listeners with an impromptu gig by The Vamps, attended by over 500 people. Paul Whitehouse's Nurse adapted for BBC Two Filming is underway on a four part TV adaptation of Nurse, Paul Whitehouse's bittersweet BBC Radio 4 comedy about a community psychiatric nurse and her patients. Some exciting dates for your diary. 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Website To Authentic 344613 061 Air Jordan 1 Retro High Black Max Orange White,374454 011 Air Jordan 1 Retro Hare Light Silver White True Red It happens to the best of us. You're chugging along quite happily, paying your mortgage and managing the bills very well, thank you. Then out of the big blue yonder a financial setback strikes, and you're faced with the prospect of selling up and, for a while anyway, going back to renting property. It seems like a disaster. But after you've picked yourself up and gathered your emotions together, what at first feels like a major blow to self esteem and lifelong achievement, can be seen as a blessing in disguise. Maybe the hardest part of renting property when you've been used to owning your home is having someone come round periodically to 'check up on you'. Don't take it personally. And don't feel as though you have to clean up especially. Providing you don't wallow knee deep in take away boxes or indulge your three year old's desire to crayon murals on every wall, no letting agent is going to expect perfection. They just want to see that you're not trashing the place. You're not. But some would, remember. The best way to deal with inspections is to be open minded about it and congratulate yourself that you're the model tenant. Renting property after owning may take a shift in mindset and needs a positive attitude. There are always two ways of looking at any situation, and what at first may seem like an unwelcome prospect could even prove to be the lifestyle of choice. 344613 061 Air Jordan 1 Retro High Black Max Orange White Last Friday, I wrote an article where I stated the following: RTK has an upcoming conference call, and with so much cash, I would not be surprised if they announce a stock repurchase or similar program. Well, it looks like shareholders won't have to wait until the shareholder meeting for the news. Rentech (NASDAQ:RTK) announced today that they will be implementing a $25 million share repurchase. LOS ANGELES Clean energy firm Rentech Inc. said Monday that it plans to buy back up to $25 million in company stock through the end of 2013. Rentech said the repurchase will not start until after the company reports its first quarter results. It is scheduled to make that report May 9. The analysis I used to reach that conclusion was pretty straight forward, and didn't really need any high level computing it simply needed a little common sense. RTK had a lot of cash, more cash coming in and nothing really to do with it. Put yourself in the shoes of the CEO: What would you do? Continue to make essentially nothing on your cash or buy back shares? I would buy back shares. The analysis really wasn't any more complicated than that. Sometimes the simplest analysis is the best. The company had a successful share repurchase program previously, which helped propel the stock from under $2.00 to over $3.00. That program ended in March 2013. The stock has fallen from over $3.00 in early February 2013 to under $2.00 in April 2013. The stock has since rebounded, and now trades over $2.00. On Feb. 27, 2012, Rentech, Inc. The share repurchase program is expected to be effective on or about March 20, 2012 and will be funded by the Company's available cash. The Company may buy shares in the open market or through privately negotiated transactions from time to time over the next 12 months as permitted by federal securities laws and other legal requirements. What is nice about RTK is that they own 61% of Rentech Nitrogen Partners (NYSE:RNF), which pays a hefty dividend each year. The company recently reaffirmed its 2013 guidance of $2.60/share. Where RNF provides farmers with nitrogen fertilizer to make their crops grow, RNF provides cash to fertilize the balance sheet of RTK and make it grow. It reaffirmed its distribution guidance for FY 2013 of $2.60; and it then told how much extra cash would be available for distribution in each year due to the notes offering monies. The per unit increases are expected to be: $0.18 in FY 2014, $0.28 in FY 2015, $0.60 in FY 2016, and $0.69 in FY 2017. RNF has 38.8 million shares outstanding, so the total 2013 distribution should be 38.8 x $2.60 = $101 million. RTK's share should be 0.61 x $101 = $61.5. That pays for the repurchase and more. The key point is that RTK has a cash cow with its RNF holdings, and has been unable to find a good use for all the cash they have and have been getting. And those cash payments are forecast to be growing in the future. In my opinion, that is a recipe for more share repurchase programs in the future. I recently did a similar article on Ballantyne Strong (NYSEMKT:BTN), which is similar to RTK in that they have plenty of cash, can't seem to find a use for it, and had a recent successful share repurchase that ended and the stock fell. Put yourself in the shoes of the CEO and, in my opinion, the option becomes pretty clear. In conclusion, RTK's announcement to repurchase shares was pretty predictable. The only real analysis was to play CEO for a day. The nice thing about RTK, however, is that they don't only have plenty of cash on the books they own a stream of cash. That stream of cash can fund future share repurchases. Even if RTK stops the repurchase programs, the only logical reason (ceteris paribus) to do so would be because they have other options for the cash that would provide even greater value to shareholders. That is a pretty good position to be in to make a decision between good and better. Disclaimer: This article is not an investment recommendation. Any analysis presented in this article is illustrative in nature, is based on an incomplete set of information and has limitations to its accuracy, and is not meant to be relied upon for investment decisions. Please consult a qualified investment advisor. The information upon which this material is based was obtained from sources believed to be reliable, but has not been independently verified. Source: Rentech Announces Share Repurchase More To Come? Disclosure: I am long RTK, BTN. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. (More.)
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