Posts related to ‘Cult Stock’

Top 10 Earnings on Deck This Week (ERTS, ENER, PCLN, SQNM, TYC, AMAT, M, JWN, WMT, DIS)

bull-and-bear-image2Earnings season has wound down now with over 85% of the S&P 500 Index having reported.  Still, there are some key companies posting their quarterly results and some companies were screened out of this list which are still actively traded or widely held stocks.  Electronic Arts Inc. (NASDAQ: ERTS), Energy Conversion Devices, Inc. (NASDAQ: ENER), Priceline.com Inc. (NASDAQ: PCLN) and Sequenom Inc. (NASDAQ: SQNM) are on deck Monday. Also this week are earnings from Tyco International Ltd. (NYSE: TYC), Applied Materials Inc. (NASDAQ: AMAT), Macy’s, Inc. (NYSE: M), are Nordstrom Inc. (NYSE: JWN). Wal-Mart Stores, Inc. (NYSE: WMT) and Walt Disney Co. (NYSE: DIS) are our two DJIA components reporting this week.

We have included Thomson Reuters consensus estimates and included performance and other important color where applicable.  We have shown the share performance since the March 9 close that traders mark as the official end date of the bloody bear market.  One issue to consider is that we used the performance since June 30 to keep consistency for our prior previews even though some of the quarter-ends this coming week are technically August 31.
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Posted on: November 8, 2009 – 10:26 am in Alternative Energy, Calendar, Cult Stock, Earnings, Green Biz, Retail, Semiconductor, Short Interest, , , , , , , , , ,

Wednesday Hangs on Key Tech/Media Earnings (CSCO, CMCSA, QCOM, TWX, VG)

Bull and Bear ImageWe have four key earnings for technology and media investors and traders due on Wednesday, and one key cult stock.  The two biggest for tech which can impact all components of their related sub-sectors are Cisco Systems Inc. (NASDAQ: CSCO) and QUALCOMM Inc. (NASDAQ: QCOM).  Then in media and communications will be Comcast Corporation (NASDAQ: CMCSA) and Time Warner Inc. (NYSE: TWX).  Lastly, there is one of Wall Street biggest cult stocks with Vonage Holdings Corp. (NYSE: VG) on deck.  We have provided Thomson Reuters consensus estimates, and, where applicable, key performance measures and added color on each.
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Posted on: November 3, 2009 – 2:23 pm in Calendar, Cult Stock, Earnings, Media, Technology Companies, Telecom, , , , ,

DryShips Earnings on Deck (DRYS)

DryShip ImageDryShips, Inc. (NASDAQ: DRYS) is set to report earnings this afternoon.  Calling this one the more volatile stocks in a volatile space would be redundant at a minimum.  While we are cautious in about estimates, Thomson Reuters has a consensus estimates of $0.20 EPS on $210.65 million in revenues for its Q3 period.  And for the Q4 period, those estimates are $0.20 EPS and $215.55 million in revenues.  The real issue at hand will come from the individual metrics.
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Posted on: October 26, 2009 – 1:16 pm in Cult Stock, Earnings, Transports,

The Fannie-Freddie Equity Conundrum (FNM, FRE)

burning-house-image4It is no secret that things could be much better at Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).  But the last week or so has re-highlighted just how dire the situation is for these government sponsored entities and perhaps more importantly for the common shareholders. Both Freddie Mac and Fannie Mae were forced into federal conservatorship last year by Uncle Sam.

We have taken an in-depth look here at the situation and the past to get a feel for the future of these companies (GSE’s).  If you parse through the data and watch what has been happening in Washington D.C. of late, there is the clear reminder that these emperors have no clothes on.  In the world of Star Trek, these companies stockholders may be facing a Kobayashi Maru scenario.
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Posted on: October 25, 2009 – 7:45 am in Accounting, Bankruptcy, Bonds, Compensation, Corporate Governance, Cult Stock, Editor's Picks, Financial Stocks, Housing, Law, Politics, Regulation, Turnarounds, ,

Citi Pumps Vonage (VG)

Vonage LogoVonage Holdings Corporation (NYSE: VG) was a recent huge winner on news that it was going to enter the apps market and would be available on iPhones and more.  The shares have risen this week, but it seems muted to what we saw in August and September.  This morning we have seen that Citigroup raised its price target to $1.50 from $0.50 despite maintaining a HOLD rating.  The interest here is not that the stock is trading above that price already, but that it is the first real analyst call from a bulge bracket firm in ages.
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Posted on: October 7, 2009 – 9:29 am in Analyst Calls, Cult Stock, Internet, Telecom,

52-Week High Club

3Com Corporation (NASDAQ: COMS) rallies over 6% to $5.39 following a positive earnings release on Thursday.

Aspect Medical Systems (NASDAQ: ASPM) rallies over 55% to $11.91 on news that Covidien had agreed to buy the company for $210 million.

Green Mountain Coffee (NASDAQ: GMCR) rallied over 6% today to $75, leading gains among its coffee-vending peers.

BanColombia S.A. (NSYS: CIB) hit a year high of $42.66 on no news but amid a continuing rally in Latin American bank ADRs.

Greenhill (NYSE: GHL) hits a new yearly high of $88.28 as boutique M&A firms continue to benefit from the instability of larger rivals.  

Garrett W. McIntyre

Posted on: September 28, 2009 – 4:42 pm in ADR, Autos, Banking, Biotech, Commodities, Cult Stock, Emerging Markets, Financial Stocks, Telecom, , , , ,

SIRIUS XM Reverse Split Now Almost Certain (SIRI)

sirius-logoSIRIUS XM Radio Inc. (NASDAQ: SIRI) almost had a very bad day on Friday.  Shareholders of the biggest penny stock of them all should probably be thankful that the stock only closed down 1.4% at $0.6798.  What is interesting is that the trading volume was ‘only 40 million shares’ compared to an average volume of over 60 million shares.  The stock had been down as much 4% on the NASDAQ warning letter over the $1.00 stock rule.  Now that the market has rebounded so much, we are getting a sense that that the old $1.00 rule 5450(a)(1) is going to start getting enforced again.  In the case of SIRIUS, our thought here is that this will make the pending reverse split almost a certain event.
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Posted on: September 19, 2009 – 1:40 pm in Cult Stock, Media, Satellite, Stock Splits,

The Return Of Speculation

bearThe volatility late last year and in March should have pushed all of the speculators out of the US stock markets. Very few investors made money and a number of individuals and funds were wiped out. Memories seem to be short when it comes to losing money. Read More »

Posted on: August 28, 2009 – 5:05 am in Banking, Cult Stock, Editor's Picks, Financial Stocks, , , , , , ,

Day Traders & GM Stock: Drag Race To Zero (GMGMQ)

Burning Money PicHow many bankrupt companies have OTC and Pink Sheet stocks before they disappear for the long haul?  Enron, Lehman, Adelphia… General Motors (GMGMQ) is on this list. Some of these stay trading for some time even after the bankruptcies have closed because there is a hope that the paper would have some value in future lawsuits.  But ultimately, most die and get thrown into the Abyss.

The ‘NewCo’ GM will stay in operations and there will be a real public offering again, but for now traders and investors have to play the Pink Sheet stock of GMGMQ.  And the term “playing” is about as true as it can be in this case.

The question to ask is… WHY WOULD THEY STILL BET ON THIS????

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Posted on: July 7, 2009 – 8:45 am in Autos, Cult Stock, OTC, Trading Alert,

Beacon’s $43 Million Loan, Possible Game-Changer (BCON)

Money Stack ImageThis morning we caught an alert for volume and trading activity at VSInvestor.com in Beacon Power Corporation because of a government award of a loan commitment.  This has now been confirmed.  Beacon announced that it has received a conditional commitment from the Department of Energy for a loan guarantee of approximately $43 million.  Keep in mind that this is subject to negotiation and completion of a number of contracts and conditions.
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Posted on: July 2, 2009 – 9:44 am in Alternative Energy, Cult Stock, Green Biz, Utilities,

Many Cult Stock Changes In Russell 3000 Rebalance (CPST, BCON, FNSR, RICK, SIRI, TSCM, URRE, VG)

burning-money-picThe Russell 3000 Index is being rebalanced and many cult stocks with low share prices that have a wide following and high trading volume are getting booted off the index. Beacon Power Corporation (NASDAQ: BCON), Capstone Turbine Corp. (NASDAQ: CPST), Finisar Corp. (NASDAQ: FNSR), Rick’s Cabaret International Inc. (NASDAQ: RICK), SIRIUS XM Radio Inc.(NASDAQ: SIRI), TheStreet.com, Inc. (NASDAQ: TSCM), Uranium Resources, Inc. (NASDAQ: URRE), and Vonage Holdings Corporation (NYSE: VG) are among the former high-flier stocks getting removed from the Russell 3000 that have become cult stocks with a large investor base.  We have given some color on these changes.
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Posted on: June 19, 2009 – 12:01 pm in Cramer, Cult Stock, Index, Trading Alert, , , , , , , ,

Russell Rebalance Included Many Cult Stocks (CBOU, DDRX, OPWV, STEM, UBET)

money-stack-imageThere are some interesting cult stocks which have recovered so much that they are being added into the Russell 3000 Index when the index gets rebalanced and reconstituted at the end of this month.  Some of these are new entirely and some of these have been booted off of the Russell 3000 Index before.  We have given some  detailed color and insight on the following cult stocks: Carribou Coffee Company (NASDAQ: CBOU), Diedrich Coffee Inc. (NASDAQ: DDRX), Openwave Systems Inc. (NASDAQ: OPWV), StemCells Inc. (NASDAQ: STEM), and Youbet.com Inc. (UBET).
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Posted on: June 19, 2009 – 11:26 am in Cult Stock, Index, Mutual Funds, Trading Alert, , , , ,

Smith & Wesson Diversifying In New Buyout (SWHC)

Gun ImageSmith & Wesson Holding Corporation (NASDAQ: SWHC) is growing.  The gunsmith has entered into a definitive agreement to acquire Universal Safety Response Inc., a privately held full-service security systems solutions provider, founded in 1994.  The  terms of the deal are for up to 9.7 million shares of common stock and  $26.2 million in cash.
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Posted on: June 18, 2009 – 4:02 pm in Cult Stock, Defense, Mergers and Buy Outs,

Crocs Closer To Raising Cash (CROX)

Crocs LogoCROCS Inc. (NASDAQ: CROX) may be closer to a capital raise if an amended filing from tonight clears the bar to allow it to sell securities.  It was just May 22 when it filed to sell up to $75 million in a mixed securities shelf.  If this is cleared, this will allow the company to sell debt, preferred stock, common stock, warrants or purchase contracts.  Tonight came the opinion letter from Faegre  & Benson LLP that should be at least one hurdle for the company to raise cash.

Shares closed down over 7% at $3.68 today, and its 52-week trading range is $0.79 to $10.55. For a comparison, its current market cap is about $308 million.  We have yet to see any formal underwriters named, so this may not be an imminent financing.

You can see the signatures and conditions in the full amended filing.

JON C. OGG

Posted on: June 16, 2009 – 4:11 pm in Apparel, Cult Stock, Secondary Offering,

Advanced Battery Tech, Conservative Projections (ABAT)

Money Stack Imagechina mapAdvanced Battery Technologies, Inc. (NASDAQ: ABAT) has offered up 3-year projections for the recently acquired Wuxi ZhongQiang Autocycle CO., Ltd., which currently has four production lines in operation with production capability of 100 vehicles per day per line.  The company says this is less than 20% of total capacity.  The projections given are expected to be achieved via an increase in new orders and through more efficiency.
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Posted on: May 27, 2009 – 8:49 am in Autos, China, Cult Stock, Green Biz,

Can Nanotech Make A Comeback For Investors? (ALTI, IBM, TINY, NSPH, PXN)

How long has it been since nanotechnology was on the tip of everyone’s tongue as the next great speculative investment frontier?  It seems like ancient history.  But we have seen news from Altair Nanotechnologies Inc. (NASDAQ: ALTI), IBM (NYSE: IBM), Harris & Harris Company, Inc. (NASDAQ: TINY), and Nanosphere, Inc. (NASDAQ: NSPH) this week.  We have even seen a bit of a move in the PowerShares Lux Nanotech (NYSE: PXN) ETF that tracks nanotech this week.

This week was actually more nanotech-related news than we have for some time even if there is still no clear direction on which way the political environment will treat nanotech in the months and years ahead.
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Posted on: May 22, 2009 – 3:06 pm in Cult Stock, ETF, Nanotech, Trading Alert, Turnarounds, Value Investing, , , , ,

Whole Foods Unexciting, Yet Perhaps Enough (WFMI)

Whole Foods ImageWhole Foods Market, Inc. (NASDAQ: WFMI) has reported its quarterly earnings at $0.19 non-GAAP EPS and $1.86 billion in revenue.  Thomson Reuters had consensus estimates of $0.18 EPS and $1.87 billion in revenue.  Be advised that the earnings included non-cash asset impairment charges of approximately $13 million, or $0.05 per share.  The company noted that same store sales for the quarter came in at -4.1% in the quarter, yet it showed operating cash flow of $173 million and generated $98 million of free cash flow.
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Posted on: May 13, 2009 – 3:20 pm in Cult Stock, Earnings, Food, Luxury, Retail,

Dendreon Insiders Unload Stock (DNDN)

money-stack-image1There was an interesting twist in the ongoing Dendreon Corp. (NASDAQ: DNDN) story that developed after 5:00 PM Friday.  There was a whole series of FORM 4 filings insider sales filings with the SEC.  While it is obvious that most of these were options being exercised and company stock grants, it was hard to not notice how many insiders sold stock.  If the insiders sold this many shares, it is very likely that other company employees sold as well.  This is probably not such a surprise when you have a company’s stock rise tenfold from the lows and when many employees become instant stock option millionaires.  But still, there is the hope that Dendreon will have a blockbuster drug for advanced prostate cancer after  (and if) PROVENGE is approved by the FDA at some point in 2010.  There are many who believe that Dendreon might even now be a takeover target.  Considering that, does it at least make you wonder if employees are taking this much money out of the stock?
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Posted on: May 2, 2009 – 11:54 am in Biotech, Cult Stock, Drug companies, Insider Activity,

Implosion Alert: SEQUENOM, Lessons of Destroyed Credibility (SQNM)

burning-money-pic33SEQUENOM, Inc. (NASDAQ: SQNM) looks like the newest implosion of a hopeful company.  The company was supposed to have the Holy Grail for detection of Down syndrome.  After yesterday’s close, the company announced that its expected launch of its SEQureDx™ Down syndrome test was delayed.   The net effect is far worse than that.  And then some.
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Posted on: April 30, 2009 – 8:33 am in Biotech, Cult Stock, Medical, Trading Alert,

Dendreon’s 24-Hour Countdown With Options (DNDN)

Using stock options in Dendreon Corp. (NASDAQ: DNDN) shows that the expectations of major price moves  have not let up, and the company’s stock is trading up yet again ahead of the data due to be released on Tuesday at the American Urological Association in Chicago.  The data, due to post shortly before the close, could formalize the make-or-break status of PROVENGE for the treatment of advanced prostate cancer.  And therefore, the company.  This will hopefully be the first formal data after the company said that its IMPACT study of PROVENGE for advanced prostate cancer met endpoints and was consistent with prior findings.  Again, no formal details nor any formal statistics have yet been offered.  We have the baseline endpoint goal for statistical significance as being 22% and a survival benefit of roughly 4 and-a-half months.
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Posted on: April 27, 2009 – 11:30 am in Biotech, Cult Stock, Options, Trading Alert,