As long as you keep seeing the DJIA, S&P, and NASDAQ hitting new intermediate highs and the market does not roll over, you can expect the floodgates for companies raising capital to continue.   Full details on each offering or filing are below.

B&G Foods, Inc. (NYSE: BGS) priced its public offering of 10,000,000 shares of common stock at $8.00 per share in a sale through Credit Suisse, Barclays Capital, and BofA Merrill Lynch.  The $80 million in gross proceeds comes to $75.6 million after all fees are deducted, or $86.9 million if the overallotment option is exercised in full.  After a 4% drop to $8.12 today, we have the market cap listed as $291 million.

China Marine Food Group Limited (AMEX: CMFO) has filed to sell up to $40,000,000.00 of any combination of  Common Stock, Preferred Stock, Depository Shares, Warrants, Rights and Units.  The company noted that it will retain a broad discretion over the use of the net proceeds under the “for general corporate purposes.”  Without the consideration of new shares, we show the market cap of this one as $116.5 million.  At $5.06, it is also at the upper end of its $1.10 to $5.83 range over the last year.

Converted Organics Inc. (NASDAQ: COIN) is selling units with stock and warrants, with public warrants under the “COINZ” ticker.  The sale of up to $44,476,350.00 in stock and warrants  is taking place through Chardan Capital Markets, LLC.

Grand Canyon Education, Inc. (NASDAQ: LOPE) priced 6,000,000 shares at $16.50 through Credit Suisse and BofA Merrill Lynch.  Of the sale, only 1,000,000 shares were sold by the company as 5,000,000 shares were unloaded by backer Endeavour Capital.  As the discount was effectively none, shares are up almost 4% at $17.15.

Legacy Reserves LP (NASDAQ: LGCY) sold 3.3 million units at $15.85 per unit through Raymond James and RBC Capital Markets.  The oil and gas partnership plans to use the funds to reduce outstanding borrowings under its revolving credit facility.  The near-$50 million compares to market cap of $509 million after a 2.8% drop to $16.40 today.

OpenTable, Inc. (NASDAQ: OPEN) filed to sell 3,790,033 Shares through BofA Merrill Lynch and others.  If the overallotment is exercised, this would come to 4,358,537 shares or a value of $116,076,558 based upon the filing figures.  Be advised, none of the funds from this go back to the company as every one of these shares are being sold by insiders and venture backers.  IAC/InterActive Corp. (NASDAQ: IACI) is selling some 750,000 as one of the backers here.

ParkerVision, Inc. (NASDAQ: PRKR) has filed to sell up to $50 million in securities in any combination of Common stock, Preferred stock, Warrants and Debt.  This company has a market cap of $127 million before the effects of any such changes, if any, from this filing.

QUICKSILVER GAS SERVICES LP (NYSE: KGS) has filed to sell any combination of Common Units, Debt Securities, Warrants, Purchase Contracts, and Units for an amount of up to $150 million.

UDR, Inc. (NYSE: UDR) has entered into an at-the-money sales agreement with Merrill Lynch and Morgan Stanley as sales agents and/or principals to sell up to 15,000,000 shares of common stock at prevailing market prices at the time of sale.

This is also just a snapshot of the immediate deals that were filed in the last 48 hours or which priced.  There are many other deals in the hopper for this week and next.

JON C. OGG
SEPTEMBER 15, 2009

• Apple (AAPL) has its Macworld today.
• CECO Environmental (CECE) announced 14 new orders received totaling ~ $7.3 million.
• Charles & Colvard (CTHR) lowered guidance and announced a strategic review.
• Citigroup (C) was trading up but then went negative in early trading: -$1.99 EPS vs -$1.00 estimate, huge charges of $18.1 Billion, 4,200 layoffs included, review divestitures, cut $0.54 dividend down to $0.32.
• Coldwater Creek (CWTR) lowered guidance, again, again. Shares down 15% to new low.
• Converted Organics (COIN) announced its has secured a Rhode Island site for second organic fertilizer facility; stock down 6% pre-market.
• Dendreon (DNDN) received a European patent covering Provenge and its ACI platform technology; shares up 5% pre-market after solid gains yesterday.
• First American Financial (FAF) sees revenues of $1.9 Billion as expected but sees charges and writedowns.
• Forest Labs (FRX) $0.96 EPS vs $0.75 estimate; Revenues $998.2 million versus $946+ million estimate. Raised 2008 guidance.
• Genentech (DNA) trading down 2% pre-market after beating earnings but missing estimates on its top 4 drugs; sees 2008 EPS $3.30-3.45 vs. $3.37 estimate.
• Kellwood (KWD) $21.00 tender from Sun Capital affiliate Cardinal Integrated commences.
• Kosan (KOSN) initiated Phase II trials of alvespimycin, their second-generation inhibitor in patients with HER2-positive metastatic breast cancer.
• Lifecore Biomedical (LCBM) trading up 29% after it agreed to be acquired by Warburg Pincus for $17.00 per share in cash.
• Merrill Lynch (MER) confirmed that it has agreed to issue $6.6 Billion in preferred stock.
• New Oriental Education & Technology (EDU) $0.10 EPS vs. $0.08 estimate.
• New York & Co. (NWY) lowered guidance.
• OSI Systems (OSIS) received a follow-on order from EDO Corporation for roughly $5.8 million.
• Phillips-Van Heusen (PVH) guidance for Q4 EPS at least $0.53, previous guidance was $0.51 to 0.53 and $0.53 First Call; also reaffirmed FY08 EPS of $3.55 to 3.65 vs. $3.55 estimate.
• State Street (STT) issued earnings and is indicated down 1% to 3% on thin volume after noting it sees 2008 at lower end of target.
• Thornburg Mortgage (TMA) raised roughly $212 million in equity and convertible preferred securities sales; stock down 1% pre-market.
• William Sonoma (WSM) lowered guidance; stock down 14% pre-market.

Jon C. Ogg
January 15, 2008