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An honest mistake puts Best Buy in the news, as we report on its competitors

Best Buy is a specialty retailer of consumer electronics, including home office products, entertainment software, appliances and related services.  The company operates retail stores and web sites under the name Best Buy (BestBuy.com, BestBuy.ca, BestBuy.com.cn, espanol.BestBuy.com and BestBuyMobile.com), The Carphone Warehouse (Carphone Warehouse.com), Five Star (Five-Star.cn), Future Shop (FutureShop.ca), Geek Squad (GeekSquad.com and GeekSquad.ca), Magnolia Audio Video (MagnoliaAV.com).

Best Buy is in the news apologizing for an email message it had sent in error to some of its Reward Zone loyalty-program customers, which informed them of a highly inflated points balance. 

A representative of Best Buy could not provide in more detail exactly how many of the loyalty program customers were affected but did state that it was a small percentage. 

Best Buy is rectifying the mistake and informing all those affected.

Best Buy trades on the NYSE under the symbol BBY.  Shares of BBY have been trading today in the range of 36.18 to 36.92, up 0.05 cents or 0.14% at 36.89.

Some of Best Buy’s competitors are holding up in the market today, while others are just hanging on.

Radioshack Corp. (NYSE: RSH), reported on their fourth quarter and full year financial results, citing the total net sales and operating revenues for the 2009 fourth quarter increased by 4.7% to $1.32 billion, compared to $1.26 billion for the 2008 fourth quarter.  Net income for the fourth quarter increased 26.0% to $75.7 million, or $0.60 per diluted share, compared with net income of $60.1 million, or $0.48 per diluted share for the same period last year.  Shares of Radioshack are trading up 0.26 cents or 1.35% at 19.58.  On January 6, 2010 shares of RSH reached its 52 week-high of 21.56.

Circuit City Stores Inc. (OTCBB: CCTYQ), shares of Circuit City are trading up 12.86% today or 0.0009 cents at 0.0079.  Circuit City is a speciality retailer of consumer electronics, home office products, entertainment software and related services, which it operates under two segments: domestic and international.  Circuit City has a market cap of 1.31 million shares.

hhgregg, Inc. (NYSE: HGG), is another speciality retailer of consumer electronics, home appliances, mattresses and related services operating under the names hhgregg and Fine Lines.  Hhgregg announced that it plans to open five new stores in Greater Baltimore to fill the void left by bankrupt Circuit City Stores.  This is a planned expansion as national retailers like Circuit City and Best Buy close locations due to a lack of consumer spending.  Cheap rental rates are helping to drive the company’s growing plans.  Shares of HGG are trading at 20.73, down 0.01 or 0.05%.  HGG reached its 52 week-high this past January 8, 2010 at 24.29.

Conn’s Inc. (NASDAQ: CONN), is a speciality retailer focusing on home appliances and consumer electronics.  Conn’s Inc. reported on their net sales for the quarter ending January 31, 2010, citing net sales of $171.0 million, a decline of $74.5 million of 30.3%, after achieving a 22.3% increase in the same quarter of the prior fiscal year. Net sales represent total product sales, repair service agreement commissions and service revenues. Same store sales (sales recorded in stores operated for the entirety of both periods) decreased 31.7% for the quarter ended January 31, 2010, compared to a 12.5% increase in same store sales in the fourth quarter of the prior fiscal year. Shares of CONN are trading down 0.03 cents or 0.66% at 4.54. 

About Picksthatmove.com


PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  Please follow us on Twitter and Facebook for further investment updates.  We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

 

Feb
26
2010
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Retailers report better-than-expected earnings

Home Depot Inc, Macy’s Inc., Target Corp. and Sears Holdings Corp. all reported on their earnings today, which exceeded expectations.

 

Reports show that profitability is on the rise but sales growth still remains slow.  Consumers are the key element to a strong economic recovery as consumer spending is attributed to more than two thirds of all economic activity.

 

Home Depot Inc. (NYSE: HD), is trading in the range of 30.35 and 30.84, surpassing its 52 week-high from yesterday of 30.55.  Shares of HD are up this morning by 1.25% or 0.38 to 30.70.  Home Depot reported on their earnings citing sales for fiscal 2009 were $66.2 billion, a decline of 7.2% from fiscal 2008.  Sales for the fourth quarter of fiscal 2009 were $14.6 billion, a 0.3% decrease from Q4 of fiscal 2008.  Earnings per diluted share from continuing operations in fiscal 2009 were $1.55, compared to $1.37 for the same period last year, an increase of 13.1%.  Home Depot is the world’s largest home improvement retailer.

 

Macy’s Inc. (NYSE: M), reported earnings of $1.10 per diluted share for the fourth quarter of 2009, which included certain unusual items that had a negative impact on the Q4 earnings by $186 million or 0.30 per diluted share.  Not including these items, the company earned $1.40 per diluted share in Q4 of 2009, which exceeded the company’s guidance for fourth quarter earnings per diluted share of $1.35 to $1.37.  Sales in the fourth quarter of 2009 totalled $7.849 billion, a decrease of 1.1%, compared with sales of $7.934 billion in the same period last year.  The company’s total sales for fiscal 2009 totalled $23.489 billion, down 5.6% from total sales of $24.892 billion in fiscal 2008. Online sales (macys.com and bloomingdales.com combined) were up 26.6% in the fourth quarter and 19.6% for fiscal 2009 compared with the same fiscal 2008 periods.  Shares of Macy’s are trading at 18.49, up 0.11% or 0.02, hitting the day’s high of 18.72 with a low of 18.28.  Macy’s Inc. is a retail organization operating retail stores and Internet websites under the brands of Macy’s and Bloomingdale’s.

Target Corp. (NYSE: TGT), is slightly down today trading at 50.01, down 1.24% or 0.63.  Target reported net earnings of $936 million for the quarter ended January 30, 2010, compared with $609 million in the quarter ended January 31, 2009. Earnings per share in the fourth quarter increased 53.3% to $1.24 from 0.81 in the same period last year. On a full year basis, earnings per share were $3.30, a 15.2 % increase from $2.86 in 2008.  Sales increased 3.7% in the fourth quarter to $19.7 billion in 2009 from $19.0 billion in 2008.  For fiscal 2009, sales increased 0.9% to $63.4 billion from $62.9 billion in 2008.  Target is the second-largest discounter in North America.

Sears Holdings Corp. (NASDAQ: SHLD), revenues decreased $33 million to $13.2 billion for the quarter ended January 30, 2010. Full year fiscal 2009 total revenues decreased $2.8 billion to $44.0 billion.  For the quarter, domestic comparable store sales declined 2.5%, and included an increase at Kmart of 1.7%, offset by a decline at Sears Domestic of 6.1%. For the year, domestic comparable store sales declined 5.1%, and included a slight decline at Kmart of 0.8% and a decline at Sears Domestic of 8.7%. Shares of Sears are trading at 95.11, down by 0.55 or 0.57%.  Sears Holdings Corp. is the fourth largest retailer within the United States and Canada.

About Picksthatmove.com

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  Please follow us on Twitter and Facebook for further investment updates.  We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

Feb
23
2010
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Investment Opinion On BARE, DM, TGB, IMSC

Bare Escentuals Inc. (NASDAQ: BARE), $18.07, +5.33, 41.84%, closed the day on a good note gaining over 41%, trading heavily between 18.07 and 18.20, surpassing its 52 week-high of 14.87.  The company announced that it has entered into a definitive agreement where Shiseido will acquire Bare Escentuals for $1.7 billion, with Shiseido purchasing BARE stock for $18.20 per share.  Bare Esentuals is a makeup brand with a proprietary line of make-up.

 

Duluth Metals Limited (TSX: DM), $3.32, +0.05, 1.53%, had a good run today, trading steadily between 3.21 and 3.99, surpassing yesterday’s 52 week-high of 3.37.  Duluth Metals focuses on exploring and developing copper, nickel and platinum group metal deposits.  The company announced that it has signed a binding heads of agreement with Antofagasta plc on a joint venture development of the large scale Nokomis Project in the U.S.  This agreement will allow Duluth to advance its copper-nickel-PGM project to production.

 

Taseko Mines Limited (AMEX: TGB), $5.01, +0.65, 14.91%, surpassed its 52 week-high of 4.50 and was trading between 4.75 and 5.13 on higher than usual volume.  The company announced that it received its environmental assessment certificate for its proposed Prosperity Gold-Copper Project from the BC Provincial Ministry of Environment.  Taseko Mines is a Canadian based mining company with its main assets being the wholly-owned Gibraltar copper-molybdenum mine, the Prosperity gold-copper project, the Harmony gold project and the early stage Aley niobium project.

 

Implant Sciences Corp. (OTCBB: IMSC), $ 0.58, +0.20, 52.63%, is in the business of manufacturing and selling sophisticated sensors and systems for the Security, Safety and Defence markets.  IMSC traded today is the range of 0.35 and 0.64, with higher than average volume.  The company announced earlier that on January 19, 2010, it will hold a press conference at the NASDAQ MarketSite following which a public press release will be issued.  Present will be the CEO and two company Directors.

 

About Picksthatmove.com

 

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  Please follow us on Twitter and Facebook for further investment updates.  We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

 

Jan
16
2010
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Full Steam Ahead On Divestiture Plan, NLS up 21% Closes Green For A Second Consecutive

Nautilus, Inc. (NYSE:NLS) gained 21.53% to close at $2.54 on no news since last week when the company announced executing the sale of certain assets and licensing rights, including the StairMaster and Schwinn commercial product lines. NLS will retain certain rights to the Schwinn brand and will continue to market the branded fitness products through its consumer channel.  The deal was valued at $7.9 million at closing which foresees an additional $2.0 million in cash payments within sixty days of coming to terms on January 5th; and another $1.0 million over the next three years. Nautilus’ ongoing divesture plan will allow the company to strategically focus on its branded consumer products through retail and direct business.  The company seeks to sell its commercial assets such as a manufacturing plant and three warehouses in Virginia. NLS will benefit from an expedited federal tax refund of about $12.1 million this month; which was expected to receive only by March 31st.  Headquartered in Vancouver, Washington, Nautilus, Inc. is a fitness product manufacturer and distributor with trademarked sports brands including Nautilus, Bowflex, StairMaster, Schwinn Fitness, and Universal.  The company’s distribution network includes marketing through sporting goods stores, department stores, governmental agencies, specialty retailers, independent bicycle dealers, and internal reps. 

HSW International, Inc. (NASDAQ:HSWI) advanced 27.13% to close at $0.350 on news.  Headquartered in Atlanta, Georgia, HSW International is a multinational online publishing company specialized in consumer information based on electronic goods and services. The company’s leading brands BoWenWang (bowenwang.com.cn) and ComoTudoFunciona (hsw.com.br) supplies readers in China and Brazil with thousands of articles about how the world around them works, providing credible, easy-to-understand reference information. HSW International is the exclusive licensee in China and Brazil for the publication of translated content from HowStuffWorks.com, a subsidiary of Discovery Communication.

To be kept up to date on all of our hot stock information join us at Picks That Move.

About PicksThatMove.com:

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

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Jan
16
2010
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Investment Opinion FAN, PEM, MB, KOG

Farallon Mining Ltd. (TSX: FAN), $0.61, +0.04, 7.02%, traded between 0.57 and 0.63 today almost matching its 52 week-high from earlier this month of 0.65.  Farallon Mining is a Canadian company with its main focus on the production of a zinc-rich polymetallic mine in Guerrero State, Mexico.  It was one of the more heavily traded companies on the TSX today on no news.  This past December the company reported on its exploration drill results. 

 

Premium Exploration Inc. (TSXV: PEM), $0.62, +0.14, 29.17%, surged in volume today making gains of 29.17% trading between 0.57 and 0.67, surpassing its 52 week-high of 0.55 from last August.  The company reported on its assay results from the first three holes of the Phase-Two drill program confirming a high grade gold zone.  Premium Exploration is a explorer and developer of precious metals projects which have potential for near-term production and growth.

 

MEGA Brands (TSX: MB), $0.79, -0.42, -34.71%, was on the charts today, surging in volume and jumping between 0.57 and 0.90.  MB finished the day down slightly over 34%.  MEGA Brands which produces toys for kids of all ages, announced a recapitalization transaction which would include, among others, immediate balance sheet improvement through debt reduction of approximately $300 million from approximately $430 million to $131 million; annual interest expenses to be reduced by over 65% to approximately $13 million going forward.

 

Kodak Oil & Gas Corp. (AMEX: KOG), $2.75, +0.18, 7.00%, is an energy company focusing on the exploration, exploitation, acquisition and production of natural gas and crude oil in the United States.  KOG saw its shares traded between 2.55 and 2.86 today just barely touching on its 52 week-high of 2.89 from last September.  The company last reported on the conference schedule of its President and CEO, Lynn A. Peterson.

 

About Picksthatmove.com

 

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  Please follow us on Twitter and Facebook for further investment updates.  We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

 

Jan
15
2010
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HTX Up On Privatization Proposal, CMGR Climbs On Insider Stock Purchase

Hutchison Telecom Intl. Limited (ADR) (NYSE:HTX) jumped 25.60% to close at $4.17 on news announced today that a company has requested the board of directors of Hutchison Telecom (HTIL) put forward a proposal to privatise the company for HK$2.20 in cash. Hutchison Telecom is a lead pan-Asian telecom operator and since its IPO in 2004, has generated total returns (including dividends and the value of the Hong Kong and Macau spin-off) of 178% for its shareholders. Based in Hong Kong, Hong Kong, Hutchison Telecommunications International Limited, is a telecom company providing mobile and fixed-line services in the Asia Pacific region. HTX offers person-to-person mobile video calling, streaming/downloading of music and video, as well as news information and entertainment services via internet services and wireless smart phone platforms.

Casual Male Retail Group, Inc. (NASDAQ:CMRG) rose 22.27% to close at $2.80 on news the company’s CEO purchased $141,750 in CMRG stock. It was disclosed in a Securities and Exchange Commission filing that the senior manager bought 60,000 shares at $2.36 per unit. Headquartered in Canton, Massachusetts, Casual Male Retail Group, Inc., is a specialty retailer of big and tall men’s apparel in the US, Canada, and Europe.  

To be kept up to date on all of our hot stock information join us at Picks That Move.

About PicksThatMove.com:

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies.  PicksThatMove.com is not a registered investment advisor or broker-dealer.  PicksThatMove.com affiliates, officers, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  We recommend Due Diligence before investing in any stock. 

Subscribe NOW to our newsletters by clicking on the following link: http://picksthatmove.com/join-now/.   Feel free to visit our communities on Facebook and Twitter

Jan
09
2010
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Investment Opinion On AA, FDO, ELR, AEN, ECOB

Alcoa Inc. (NYSE: AA), $16.97, +0.84, 5.21% focuses on the production and management of primary aluminium, fabricated aluminium and alumina combined, through its participation in all major aspects of the industry.  Earlier this week AA reached a 52 week-high only to surpass it today to 17.06.  The company announced that Nicholas Ashooh, Senior Vice President of Communications at American International Group will join Alcoa as Vice President, Corporate Affairs.

 

Family Dollar Stores Inc. (NYSE: FDO), $30.92, +3.43, 12.48% is making considerable gains today trading above its average volume.  FDO operates a chain of approximately 6,000 retail discount stores across the United States.  The company reported on their first quarter for 2010 earnings stating December Comparable Store Sales Increased Approximately 4%, net income for the quarter increased 14.0% to $67.6 million compared with net income of $59.3 million for the first quarter of fiscal 2009. Sales for the first quarter of fiscal 2010 were approximately $1.823 billion, or 3.9% above sales of approximately $1.754 billion for the first quarter of fiscal 2009.

 

Eastern Platinum Limited (TSX: ELR), $1.10, +0.13, 13.40% is a platinum group metals producer with its main focus on acquisition, development and mining of platinum group metal deposits in South Africa.  ELR beat out its 52 week-high from last month today to hit 1.13 with way above its average trading volume on no news.  Last report from the company came out in November where they reported on their third quarter earning ending September 30, 2009, with reported net profit of $1,839,000 compared to a net loss of $10,829,000 in Q3 2008.

 

Adeona Pharmaceuticals Inc. (AMEX: AEN), $0.91 +0.06, 7.06% strong today with heavy volume.  AEN hit the day’s low of 0.89 but managed to rise above to a high of 1.20.  Aedona is a pharmaceutical company that is developing proprietary, late-stage drug candidates for the treatment of opththalmic, neurologic and autoimmune diseases. Emerging Stock Report, an independent research company, initiated coverage on Adeona Pharmaceuticals, Inc.

 

EcoBlu Products Inc. (OTCBB: ECOB), $0.84, +0.17, 25.37% offers a whole home system of mold, rot, decay, termite and fire protection for all components used in wood frame construction by homebuilders, remodelers and homeowners.  ECOB surged in volume today hitting the day’s high of 0.86.  Project PUNCHouse 234, the first energy neutral home being constructed in California, will be featured in a segment on “Extra.” EcoBlu Products utilizing BLUWOOD™ technology are being used to frame the house.

 

About Picksthatmove.com

 

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  Please follow us on Twitter and Facebook for further investment updates.  We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

 

Jan
06
2010
0 Comments

Investment Opinion On ACHN, FGXI, GSS, OPMG, ADBE

Achilion Pharmaceuticals Inc. (NASDAQ: ACHN), $3.34, +$1.19, 55.35%, is a biopharmaceutical company focusing on the development and commercialization of innovative treatments for infectious disease.  Achilion was primarily concentrating on the development of antivirals for the treatment of chronic hepatitis.  ACHN’s shares rose over 60%, hitting a high of $3.89, on news that the company reported achieving reduction in HCV RNA in patients with hepatitis C, after its clinical trial of ACH-1625.

 

FGX International Holdings Limited (NASDAQ: FGHI), $19.43, +1.52, 8.49%, surpassed its 52 week-high from yesterday by hitting the day’s high today of 19.47.  FGX is trading with significantly higher than usual volume.  FGX, a designer and marketer of non-prescription reading glasses, sunglasses and costume jewellery, has signed a definitive agreement to merge with a subsidiary of Essilor International.  FGX will receive $19.75 per share in cash upon completion of the merger, for value of approximately $465 million, including the assumption of FGX debt of approximately $100 million.

 

Golden Star Resources (AMEX: GSS), $3.40, +0.05, 1.49%, is making gains trading with steady volume, hitting a high today of 3.43.  Earlier this month GSS announced that it had priced an offering of 20,000,000 common shares at US$3.75 per share for gross proceeds of US$75,000,000.  Golden Star Resources is an international gold mining and exploration company, producing gold in Ghana, West Africa, with other gold explorations in West Africa and in South America.

 

Options Media Group Holdings Inc. (OTCBB: OPMG), $0.19, +0.04, 32.00%, is seeing its shares surge in volume today with over 12.5 million shares trading hands.  This past November OPMG’s shares reached a 52 week-low of 0.052.  Options Media is an e-mail service provider for on-demand e-mail marketing to create, send, and track professional and permission-based e-mail marketing campaigns.  The company announced it closed the signing of an asset purchase agreement with H2O PM, Inc. OPMG purchased technology for Bluetooth advertising and mass SMS Text Messaging broadcast capabilities.

 

Adobe Systems Incorporated (NASDAQ: ADBE), $37.70, +1.34, 3.69%, surpassed its 52 week-high from November of 37.15, hitting a new high of 38.20.  Adobe Systems focuses on delivering creative, business and mobile software and services.  The company reported their financial results for its fourth quarter and fiscal year ended Nov. 27, 2009, with revenues of $757.3 million, compared to $915.3 million for the same period last year and $697.5 million reported in the third quarter of fiscal 2009. The fourth quarter results are a reflection of Adobe’s acquisition of Omniture, Inc.

 

Dec
16
2009
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Investment Opinion on AMTY, NCR, SNSS, CYCC, CBK

Amerityre Corporation (NASDAQ: AMTY), $0.371, +0.113, 43.85%, focuses on research and development of technologies related to the formulation of polyurethane compounds and is a leading manufacturer of producing tires from polyurethane.  The company is surging in volume today, trading near its high of 0.419 touching down on a low of 0.25.  AMTY announced that it has secured sales to a major OEM manufacturer of track systems for Utility Terrain Vehicles.  The track system is the latest technology for use in the four wheel utility market.

 

NCR Corporation (NYSE: NCR), $10.70, +0.91, 9.30%, offers technology and services which assist businesses in interacting, connecting and relating with their customers.  NCR Corporation expanded its network of DVD-rental kiosks by acquiring DVDPlay, which operates approximately 1,300 kiosks in the U.S. and Canada.  NCR’s kiosks hold more than 900 DVD titles and access to other BLOCKBUSTER Express kiosks for DVD renting.  NCR kiosks are also digital download-ready. Consumers will be able to download movies from the kiosks to portable memory cards. NCR hit a high today of 11.05 with 7.4 million shares traded.

 

Sunesis Pharmaceuticals Inc. (NASDAQ: SNSS), $1.98, +0.59, 42.46%, reached a high today of 2.43, beating out its 52 week-high of 1.84.  SNSS touched down on a low of the day at 1.32, with 61 million shares traded.  SNSS reported positive data from two Phase 2 clinical trials of its leading drug, voreloxin.  The drug is aimed for treatment in patients with acute myeloid leukemia and is beneficial when used alone or in combination with chemotherapy in patients.   Skymark Research and Emerging Stock Report have initiated independent coverage on the company.

 

Cyclacel Pharmaceuticals Inc. (NASDAQ: CYCC), $1.42, +0.43, 43.45%, is surging high in volume today with over a 43% gain.  Earlier this month Cyclacel announced the 1-year survival data from a Phase 2 randomized trial of oral sapacitabine capsules, in elderly patients with acute myeloid leukemia.  Skymark Research, an independent investment research company, announced that it has initiated coverage on Cyclacel.  Cyclacel is a biopharmaceutical company focusing its research and discovery on cell cycle biology.

 

Christopher & Banks Corp. (NYSE: CBK), $7.75, +1.73, 28.74%, runs a chain of retail stores selling women’s apparel throughout the United States.  CBK opened at the day’s low of 6.81 and it went up over a 1.00 hitting a high of 7.96, with heavy volume.  CBK released its anticipated third quarter financial results indicating expected revenue of $132 million, with same-store sales for the quarter declining by 8.4%.  Earnings per diluted share are expected to be between $0.19 and $0.21, which assumes an anticipated effective tax rate for the third quarter of 22%. The company will hold an earnings call on January 6, 2010. 

 

About Picksthatmove.com

 

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  Please follow us on Twitter and Facebook for further investment updates.  We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

 

Dec
12
2009
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Investment Opinion On CLL, BIG, PHIE, ALE, FLOW

Connacher Oil and Gas Limited (TSX: CLL), $1.18, -0.01, -0.84%, deals in the exploration, development and production and marketing of oil and natural gas.  Connacher provided an operations update reporting progress at its Algar 10,000 bbl/d steam-assisted gravity drainage project (SAGD).  Connacher completed the drilling of 17 horizontal SAGD well pairs in record time for approximately $10 million under budget. 

 

Big Lots, Inc. (NYSE: BIG), $27.41, +3.87, 16.44%, is up over $3 since the open today reporting on their third quarter fiscal 2009 income from continuing operations of $30.03 million.  For the year to date ending October 31, 2009, reported income from continuing operations totalled $95.2 million.  Net sales increased by 1.3% to $1,035.3 million compared to $1,021.6 million for the same period in fiscal 2008.  Big Lots, reached a low today of $26.74 with a high of $27.92.  The company is a closeout retailer covering departments such as Consumable, Home, Furniture, Hardlines, Seasonal and other.

 

Phi Group Inc. (OTCBB: PHIE), $0.064, +0.014, 27.00%, provides financial consultancy and M&A advisory services to U.S. and foreign companies.  Earlier this month PHI reached a 52 week high on $0.05 with today’s high of $0.084.  Phi’s subsidiary company, Philand Ranch Limited has begun the process to list its common shares on the U.S. stock market.  Philand is involved in real estate development in Vietnam and Southeast Asia.  The company believes listing its shares in the U.S. stock market will allow North American investors to take part in the growing economies of Vietnam and Southeast Asia.

 

Alange Energy Corp. (TSXV: ALE), $0.495, +0.005, 1.02%, is making slight gains with heavy trading today compared to the last two days trading where volume did not surpass the 1 million mark.  Alange reported on their financial results for the quarter ending September 30, 2009.  Alange reported total revenue of $6.6 million including revenue from oil and gas operations of $3.4 million with a net loss of $4.7 million for the quarter ended September 30, 2009.  The company reported cash of $47.7 million available to fund its planned exploration and capital investment program over the next 15 months. Alange is a Canadian-based oil and gas exploration and production company with working interests in 12 properties in Colombia.

 

Flow International Corporation (NASDAQ: FLOW), $2.81, +0.37, 15.16%, is up over 15% today as the company reported better then expected fiscal 2010 second quarter results.  Flow’s consolidated revenues were $42.0 million, an increase of 11% compared to $37.8 million in the first quarter of fiscal year 2010. Revenue in the year-ago quarter was $60.6 million. The Company reported net income of $0.7 million compared to net income of $0.4 million.  Flow International is in the business of ultrahigh-pressure waterjet technology.

 

About Picksthatmove.com

 

PicksThatMove.com is an independent electronic publication that provides information on selected publicly traded companies. PicksThatMove.com is not a registered investment advisor or broker-dealer. PicksThatMove.com’s affiliates, offices, directors and employees may buy and sell shares in any company mentioned herein and may profit in the event those shares rise in value.  Please follow us on Twitter and Facebook for further investment updates.  We recommend you do your own Due Diligence before investing in any of the stocks mentioned above.

 

Nick Hunter, RIA, of PicksThatMove is a member of the National Association of Securities Dealers, CRD number 2022366

 

PicksThatMove.com

 Joseph Smith, 1-877-292 3917

info@picksthatmove.com

http://www.picksthatmove.com

 

Dec
04
2009
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