24/7 Wall St. » SSRI

Companies Raising Additional Capital (CPST, DDSS, PUDA, SNMX, SSRI, YRCW)

247wallst — Fri, 12 Feb 2010 14:34:45 +0000

We are still seeing many companies trying to capitalize off of raising capital or where holders are registering shares. Companies like Capstone Turbine Corporation (NASDAQ: CPST), Labopharm, Inc. (NASDAQ: DDSS) Puda Coal Inc. (AMEX: PUDA), Senomyx Inc. (NASDAQ: SNMX), Silver Standard Resources, Inc. (NASDAQ: SSRI), and YRC Worldwide Inc. (NASDAQ: YRCW) have all filed to sell securities or have priced securities.

We gave some basic data here on each, with underwriters and relative data for a comparison with market caps, discounts, or price changes.

Capstone Turbine Corporation (NASDAQ: CPST) filed last night to sell 1.55 million shares of common stock for holders… No underwriters were named.

Labopharm, Inc. (NASDAQ: DDSS) sold 11,764,706 new shares at $1.70 per unit (1 share and 1 warrant for a 1/2 share) versus a $2.01 close. The gross proceeds to Labopharm are about $20 million. Deutsche Bank is the sole book-running manager; Canaccord Adams, Dundee Capital Markets, and Versant Partners are co-managers for this offering.

Puda Coal Inc. (AMEX: PUDA) filed to offer securities and it priced $13.6 million via a sale of 2,855,652 shares of common stock at $4.75 per share share after closing at $5.10 yesterday. Average volume is only 113K shares and we have already seen more than that trade before the open of trading today. Brean Murray acted as lead manager and sole bookrunner and Newbridge Securities was co-manager.

Senomyx Inc. (NASDAQ: SNMX), a company in the development and discovery of flavor ingredients, had filed to sell up to $20 million worth of common stock. The company sold 7,142,857 shares of common stock at $2.80 per share. Deutsche Bank is the sole book-running manager; Needham & Co. and Roth Capital Partners are co-managers.

Silver Standard Resources, Inc. (NASDAQ: SSRI) filed to sell $100M in common stock, versus a market cap of about $1.3 billion… UBS Securities Canada Inc. will act as lead manager and sole book runner of the offering.

YRC Worldwide Inc. (NASDAQ: YRCW) filed last night after reaching that capital exchange that had already been announced. This was up to $70 million of the 6% senior convertible noted due in 2014… it also registered 201 million shares, which are shares of common stock issuable on account of the notes.

JON C. OGG

Filed under: Secondary Offering Tagged: CPST, DDSS, PUDA, SNMX, SSRI, YRCW

The 52-Week Low Club 9/5/2008 (NOK)(EXC)(SSRI)(CIEN)

247wallst — Fri, 05 Sep 2008 14:46:23 +0000

Nokia (NOK) Company says its market share will drop. Shares fall to $19.25 from 52-week high $42.22.

Exelon (EXC) Weal guidance. Sells off to $65.40 from 52-week high of $92.13.

Silver Standard Resources (SSRI) Price of silver falling. Plunges to $19.10 from $48.16.

Ciena (CIEN) Still falling after bad guidance. Drops to $12.39 from 52-week high of $49.55.

Douglas A. McIntyre

52-Week Low Club (CCJ, CVI, EIX, MDR, SSRI, ZINC)

247wallst — Fri, 15 Aug 2008 14:35:00 +0000

The drop in commodities isn’t good for everyone apparently. Many metals stocks are on the list today, as are others. Here is a partial list of some semi-active stocks hitting 52-week lows today:

Cameco (NYSE: CCJ) continued uranium weakness after its Cigar Lake troubles persist… and persist… and persist…
CVR Energy (NYSE: CVI)… energy and fertilizer, recent IPO, so long for the fun times; becoming one of the worse performing post-IPO’s over the last year.

Edison International (NYSE: EIX)… becoming habitual to see power generation companies
McDermott (NYSE: MDR) after naming new CEO; stock back above lows but hit new 52-week lows this morning.
Silver Standard Resources Inc. (NASDAQ: SSRI), one of the many speculative metals plays on the list
Horsehead Holdings (NASDAQ: ZINC), again… it’s hard not to give this one at least two nicknames.

Jon C. Ogg
August 15, 2008