December 2007
December 31, 2007 –
on Motley fool caps. ASYS & AXTI the only 5 star rated solar stocks.
AXTI listed as #1 & ASYS listed as #2 highest rated solar stocks on caps. [more]
December 28, 2007 –
good work guys. Like I said before High Beta stocks will crush the shorts that don't cover. Originally posted ASTI as a high beta stock on Dec. 19th, 2007
December 28, 2007 –
here is a video showing all you need to know.
Ocean power is the wave of the future, more reliable than any other alternative energy known today.
http://www.exn.ca/video/?video=exn20051114-buoy.asx
December 28, 2007 –
PG&E signs nation’s first wave-energy deal [more]
December 27, 2007 –
|
RELATED TICKERS: BIDU
, GOOG
, EBAY
Mercado Libre may be the eBay of Latin America, but it has the growth potential of Baudi.com, Cramer told viewers Thursday 12/13/07. [more]
December 27, 2007 –
This stock looks poised to do what BIDU did for us in 2007 go from under $100 to near $400/shr
http://finance.yahoo.com/q/ks?s=MELI
December 26, 2007 –
when they have a conference in Feb. 2008
http://cleantechsearch.com/
December 26, 2007 –
Air Force builds largest solar PV plant in US
19 December 2007 [more]
December 26, 2007 –
Seeking Alpha has its own Next big Solar pick and with big reasons to back it up its symbol is AXTI CTDC, AXTI, SOLF , FSLR, HOKU, ESLR
AXT Inc.: The Next Solar Pick
posted on: December 17, 2007
http://tinyurl.com/yv3l5x
Institutional investment capital is rapidly moving into solar technology companies, specifically those that utilize compound semiconductor materials rather than silicon for their arrays. Most notably, First Solar (Nasdaq: FSLR) and, very recently, Emcore (Nasdaq: EMKR) have seen rapid price appreciation. In particular, EMKR recently announced a large contract to provide Canada with solar arrays made with a material which contains gallium arsenide GaAs and germanium Ge. In the past 12 months, the cost of 4N gallium metal has risen from about $350 per kg to $680 per kg. Additionally, germanium metal prices have risen substantially to $1000-$1200 per kg this year. [more]
December 26, 2007 –
|
RELATED TICKERS: STP
, SPWR
AXT Inc.: The Next Solar Pick
posted on: December 17, 2007
http://tinyurl.com/yv3l5x
Institutional investment capital is rapidly moving into solar technology companies, specifically those that utilize compound semiconductor materials rather than silicon for their arrays. Most notably, First Solar (Nasdaq: FSLR) and, very recently, Emcore (Nasdaq: EMKR) have seen rapid price appreciation. In particular, EMKR recently announced a large contract to provide Canada with solar arrays made with a material which contains gallium arsenide GaAs and germanium Ge. In the past 12 months, the cost of 4N gallium metal has risen from about $350 per kg to $680 per kg. Additionally, germanium metal prices have risen substantially to $1000-$1200 per kg this year. [more]
December 26, 2007 –
|
RELATED TICKERS: STP
, SPWR
Good Energies plans to increase stake in Solarfun to 35% from 6%
December 04, 2007: 10:53 AM EST [more]
December 25, 2007 –
and have a large portion of my money in has invested over 2% of its holdings in ONGC an Indian traded company. [more]
December 24, 2007 –
|
RELATED TICKERS: STP
, SPWR
and its a Solar Stock enough said.
December 24, 2007 –
Christmas Eve - Merry Christmas to all of the Christian Faith
The History of Christmas How much do you really know about the festive holiday of Christmas? Learn about the true history of Christmas, the evolution of Santa Claus and more at ...
www.history.com/minisites/christmas [more]
December 20, 2007 –
|
RELATED TICKERS: BBRY
• [$$] Classic Santa Claus Action
at RealMoney by TheStreet.com (Thu 4:27pm) [more]
December 20, 2007 –
|
RELATED TICKERS: NG
If you read last paragragh in Seeking Alpha you won't wonder why NovaGold Resources Inc. director Michael Halvorson bought 40,000 company shares at $6.23 each on Dec. 18, 2007. His total company holdings after these transactions was 159,342 shares. See link:
http://tinyurl.com/yrhucm [more]
December 20, 2007 –
|
RELATED TICKERS: PIR
PIR soars hits $5.84 Overbought now.
http://finance.yahoo.com/q?s=PIR
December 20, 2007 –
Brazil rises after robust growth data; Argentina fallsBy MarketWatchLast update: 6:29 p.m. EST Dec. 12, 2007Print E-mail RSS Disable Live Quotes SAN FRANCISCO (MarketWatch) -- Brazilian stocks finished higher Wednesday after figures that showed expansion in the economy, while Argentine stocks tracked a downturn on Wall Street. Brazil's Bovespa rose 0.4% to 64,741, after a 1.4% drop to 64,512 a day earlier. Earlier Wednesday, the Brazilian Census Bureau released third-quarter gross domestic product figures that showing year-on-year growth of 5.7%. The report prompted some economists to lift their calendar year 2007 forecasts for growth to 5% or more. Analysts said the growth figures were especially bullish because of a more than 14% year-on-year expansion in investments in the Brazilian economy during the third quarter. Traders said investors also reacted to actions by the U.S. Federal Reserve Board and other central banks to increase worldwide financial market liquidity. Blue chips were mixed. State oil company Petroleo Brasileiro SA, or Petrobras, (PBR: petroleo brasileiro sa petro sponsored adrNews, chart, profile, more Last: 108.64+3.42+3.25%
12:28pm 12/20/2007
Delayed quote data Add to portfolio
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Financials Sponsored by:
PBR 108.64, +3.42, +3.3%) , rose 5.1% to on speculation that Brazil's continental shelf may contain more major oil sources than the company has already announced. But mining giant Vale (RIO: companhia vale do rio doce sponsored adrNews, chart, profile, more Last: 32.44+0.51+1.60%
12:28pm 12/20/2007
Delayed quote data Add to portfolio
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Financials Sponsored by:
RIO 32.44, +0.51, +1.6%) fell 0.8% on possible interest by the company in more overseas acquisitions. Such acquisitions could chip away at the company's financial reserves. Meanwhile, Argentina's Merval reversed earlier gains to close down 0.2% at 2,226.12, as Wall Street fell into negative territory after Bank of America (BAC: bank of america corporation comNews, chart, profile, more Last: 41.10-0.49-1.18%
12:28pm 12/20/2007
Delayed quote data Add to portfolio
Analyst
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Financials Sponsored by:
BAC 41.10, -0.49, -1.2%) warned that its fourth-quarter results will be profitable but "disappointing." The biggest loser was Grupo Financiero Galicia (GGAL: grupo financiero galicia s a sp adr 10 sh bNews, chart, profile, more Last: 7.21+0.20+2.85%
12:33pm 12/20/2007
Delayed quote data Add to portfolio
Analyst
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Discuss
Financials Sponsored by:
GGAL 7.21, +0.20, +2.9%) , which slid 3.3%. Chile's IPSA fell 2.4% to 3,090.63. Mexican markets were closed for a holiday. [more]
December 20, 2007 –
NovaGold Reports Exceptional Drill Results at Donlin Creekposted on: December 20, 2007 | about stocks: NG Print Email
NovaGold Resources Inc. (NG) reported drill results at Donlin Creek that we believe could be some of the most exceptional drill results of any mining company in 2007. The release represents the results of 156,000 meters of drilling completed over nearly two full years. In addition, they provide the most complete visibility on the resource at Donlin Creek since the Barrick Gold Corporation (ABX) acquisition of Placer Dome was announced October 31, 2005, and support our belief that Donlin Creek rates as one the world’s largest undeveloped gold deposits. We see the release of these results as an indication that Barrick and NovaGold are now working cooperatively to develop Donlin Creek (click all charts to enlarge). [more]
December 20, 2007 –
|
RELATED TICKERS: NG
, ABX
NovaGold Resources gave its investors a breath of fresh air. [more]
December 19, 2007 –
15 Reasons For a Larger Than Normal January Effecthttp://www.minyanville.com/articles/next-sfun-gnss-netm/index/a/15233 Sean Udall Dec 18, 2007 10:15 am
Watch these factors at the end of December into January...
Wikipedia's brief definition of the January Effect is below: [more]
December 19, 2007 –
Spire Adds Manufacturing Space
Thursday December 6, 11:23 am ET
Spire Adds 53,000 Sq. Ft. to Manufacturing Space to Meet Growing Demand for Solar Products
BEDFORD, Mass. (AP) -- Spire Corp. said Thursday it has expanded its solar-equipment manufacturing space at its headquarters to meet growing worldwide demand.
The company, which provides production lines and equipment to manufacture photovoltaic modules, has added 53,000 square feet and now has about 144,000 square feet of manufacturing space.
The added space will allow Spire to make products each year with more than 500 megawatts worth of annual generating capacity. A one-megawatt plant running continuously at full capacity can power 778 households each year, according to the U.S. Department of Energy. Solar technology has lower capacity than other technologies because its power generation is constrained by availability of the sun.
Demand for solar power has accelerated, and more supplies of polysilicon, the industry's key feedstock, are set to come on line over the next few years. That will allow solar-panel makers to expand their production. Spire Chief Executive Roger Little said those market factors have created "unprecedented" requirements for the company's solar-capital equipment.
"The increased manufacturing space and capacity is necessary to respond effectively to our customers' demand for new equipment and facilities," Spire Chief Operating Officer Rodger W. LaFavre said in a statement.
Spire said it has signed a long-term lease at a "competitive" rate to expand its facility. It has also nearly doubled its staff to more than 205 workers at its Bedford, Mass., headquarters.
Spire shares rose $1.07, or 4.9 percent, to $22.88 in morning trading.
[more]
December 19, 2007 –
Solar stocks I found early : SOLF at $14, CSIQ below $10, LDK $30's, JASO $20's, YGE $14, TSL $26, FSLR $50's, EMKR $12's
Spire Selects EPP as Exclusive Solar Capital Equipment Representative in Germany and Surrounding Countries
Tuesday December 18, 8:00 am ET
Company to Establish Regional Test and Demonstration Center in Germany with State-of-the-art Solar Simulator
BEDFORD, Mass.--(BUSINESS WIRE)--Spire Corporation, (Nasdaq: SPIR - News), a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules, today announced it has selected Electronic Production Partners GmbH (EPP) as its representative in Germany. EPP will also represent Spire exclusively in Austria, Switzerland and the Benelux countries with non-exclusive coverage in Eastern Europe and beyond.
“Europe is the focal point of photovoltaic (PV) demand and we recognize the need to expand Spire’s reach and exposure in this critical marketplace. EPP is an excellent firm with a deep background in semiconductor capital equipment and complex electronic systems,” said Spire’s Chairman and CEO, Roger Little. “Located in Munich, Germany, EPP is at the hub of the world’s largest PV market and well positioned to respond quickly to sales and service requests. With strong technical capabilities and years of experience in capital equipment service, EPP can handle the needs of solar production companies throughout the world.”
“We are thrilled to be working with Spire in the solar market. Their leadership position and innovative technologies are in great demand,” said Bryan Burton, managing director of EPP. “EPP brings the local expertise and attention needed to grow market share here and serve the European-based solar manufacturers in their quest to remain market leaders.”
Spire will establish a Regional Test Center highlighting its newest simulator, the SPI-SUN SIMULATORTM 4600SLP (4600SLP). Introduced earlier this year, the 4600SLP represents the latest technology and is well suited for both crystalline silicon and thin film applications.
“The single long pulse of the 4600SLP allows for full saturation of the newest thin film modules and results in a high production rate for module testing. The simulator is the brain of the production line and defines the power at which a module can be sold,” said Mark Willingham, Spire’s vice president of corporate marketing. “A fully functional 4600SLP will be on site in Munich and available for testing by our customers. It will be invaluable in testing new module designs as well as inspecting imported modules. Verifying the power rating of modules from many countries is critical at this stage of PV, as the demand in Europe pulls in modules from across the world and less developed suppliers.”
About Electronics Production Partners
EPP is a full support distributor based in Munich, Germany. It has been serving the needs of the high tech industry in Europe for 20 years with a focus on service, integrations and applications assistance.
About Spire Corporation
Spire Corporation is a global solar company providing turnkey solar factories and capital equipment to manufacture photovoltaic modules worldwide. Spire also provides high efficiency gallium arsenide solar concentrator cells to systems manufacturers through its wholly owned subsidiary Bandwidth Semiconductor.
For corporate or product information, contact Spire Corporation, the turnkey solar factory company, at 781-275-6000, or visit www.spirecorp.com.
Certain matters described in this news release may be forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risk of dependence on market growth, competition and dependence on government agencies and other third parties for funding contract research and services, as well as other factors described in the Company's Form 10-KSB and other periodic reports filed with the Securities and Exchange Commission.
Contact:
Spire Corporation
Mark Willingham, 781-275-6000
Vice President of Corporate Marketing
or
For Spire Corporation
Sharon Merrill Associates, Inc.
Paul Sagan, 617-542-5300
Vice President
spir@investorrelations.com
Source: Spire Corporation
[more]
December 18, 2007 –
why? Because they just got an incredible bargain for 7 Tweendeck
Vessels in a tight Tweendeck market. $2.85M each equals only $20M for
7 Vessels!
Yesterday they paid $23M for only 1 Tweendeck vessel and $46M in total
for the two that they purchased yesterday. So buying 7 for the price
of what one Tweendeck vessel sells for in the current market is an
incredible buy.
TBS International Limited Exercises Its Purchase Options for Seven
Tweendeck Vessels in Its Fleet
Tuesday December 18, 4:05 pm ET
HAMILTON, BERMUDA--(MARKET WIRE)--Dec 18, 2007 -- TBS International
Limited (NasdaqGS:TBSI - News) announced that on December 17, 2007,
through its wholly owned subsidiaries, it exercised its options to
purchase 7 of its multipurpose tweendeck vessels for $2.85 million
each. The 7 vessels are part of TBS' operational fleet and since
December 2003 have been under a 66-month sale-leaseback arrangement,
which provided TBS with purchase options. [more]
December 18, 2007 –
DryShips is a Favorite Dry Bulk Shipper Among Pro Investors
Thursday December 6, 10:26 am ET
By the tickerspy.com Staff [more]
December 18, 2007 –
DryShips: Oversold and Likely to Climb posted on: December 18, 2007 | about stocks: DRYS / DSX / EGLE / EXM / GNK / TBSI [more]
December 18, 2007 –
shorts have now fully entered from mid $40's and higher levels.
Today the only shorts entering are the novice ones. These are the shorts added with value buyers that will send TBSI higher. This stock has had its estimates go higher once again, and now is projected to earn over $4.50 eps for next year.
http://finance.yahoo.com/q/ae?s=TBSI
December 17, 2007 –
(MarketWatch)
By Steve Gelsi
Last update: 11:00 a.m. EST Dec. 17, 2007
NEW YORK (MarketWatch) -- Ethanol stocks moved up for the second straight day after a bill passed the U.S. senate late Thursday that would boost requirements for biofuel. Aventine Renewable (AVR:
aventine renewable energy com
AVR 11.97, +0.53, +4.6%) rose 4.3% to $11.93. VeraSun (VSE:
verasun energy corp com
VSE 14.80, +0.02, +0.1%) edged up 2 cents to $14.80. Pacific Ethanol (PEIX:
pacific ethanol inc com
PEIX 7.37, +0.75, +11.3%) rose 12% tp $7.39. The rise came even as the World Trade Center launched a probe into U.S. farm subsidies, which include payments for ethanol production. [more]
December 17, 2007 –
USA today article on MRAP vehicles demand
http://www.usatoday.com/news/military/2007-12-16-MRAP_N.htm
December 15, 2007 –
Pentagon Plans 3,000-MRAP Order
Posted 12/14/07 20:59
By KRIS OSBORN [more]
December 14, 2007 –
Cougar Tops Field for U.K. Vehicle Order
By ANDREW CHUTER, LONDON
http://www.defensenews.com/story.php?F=3251735&C=europe
The four-wheel-drive version of Force Protection’s Cougar protected patrol vehicle has emerged as the leading candidate for a British order covering 150 vehicles.
The order will meet an urgent operational requirement to equip the country’s military forces fighting in Afghanistan.
Several industry sources said the Cougar had topped a competition with the Rafael Golan, Thales Bushmaster and others. The vehicles have all been contenders in the U.S. Mine Resistant Ambush Protected (MRAP) vehicle program.
A U.K. Defence Ministry spokeswoman declined to even name potential contenders in negotiation with the ministry, citing commercial sensitivities. But she said the cost would be more than 150 million pounds ($307 million).
The sources said the British were trying to resolve questions with the U.S. Defense Department over availability before making a final decision. Britain wants the vehicles delivered starting in 2009.
The British military operates a fleet of the larger Force Protection six-wheel-drive Cougar vehicles in Iraq and Afghanistan, and committed to buying a further batch of the vehicles in an announcement in October.
The Ministry of Defence here signaled its intention in April to run a competition to acquire about 180 medium protected patrol vehicles. The delivery date was 2009, although the program was unfunded. That appears to have been overtaken by the urgent operational requirement, funded by the Treasury.
In line with the U.K. policy of naming some recent armored vehicle acquisitions and updates after dogs, this latest procurement will be known as the Ridgeback. The Cougar has been renamed the Mastiff, and the British FV432 update is known as the Bulldog.
[more]
December 14, 2007 –
to International orders for armored vehicles.
December 14, 2007 –
building on RIGL until we squeezed them at 11:15am yesterday. [more]
December 13, 2007 –
Ok guys lets get the shorts start covering on PKX
They shorted PKX this morning but this is not the everday of the mill
stock. This is a stock thats going to earn $12.63 EPS for 2008!
PKX is down -$5.40 this morning to $164.51/shr it was at a high of $201
in early October so there are plenty of shorts here from higher levels.
December 12, 2007 –
Fertilizer Stocks Boosted by Global Demand, Ethanol Subsidies
Wednesday December 12, 9:35 am ET
By the tickerspy.com Staff
http://biz.yahoo.com/indie/071212/1027_id.html?.v=1
AGU
CF
FWLT
MDR
MOS
POT
TNH
TRA
UAPH
Global factors have come together to boost the fortunes of fertilizer
producers this year. Millions of acres in the U.S. have been turned
over to corn production thanks to subsidies promoting ethanol. In
Asia, growing affluence has led to an increase in demand for meat,
which in turn has driven demand for grain to feed livestock.
The combination of factors has led the price of food to hit historic
highs. This week, The Economist said that its food price index "is now
at its highest since it began in 1845, having risen by one-third in
the past year." While this has made the going tough for many food
companies and restaurants as the price of ingredients has risen, it
has been a boon for fertilizer companies, as farmers have been tasked
with upping their yields in order to meet demand.
Potash (NYSE: POT - News), a Canadian firm specializing in potash, a
form of potassium carbonate, as well as nitrogen and phosphate, all of
which have agricultural applications, is the biggest company in the
sector. Thanks to a limited amount of production globally, potash is
the company's most profitable product. Potash's potash comes from its
mines in Canada, and the cost of replicating these massive mines
represents a serious barrier to entry. Potash producer Mosaic (NYSE:
MOS - News) is the industry's other giant.
High oil prices, which keep demand for biofuels high, have been
another recent catalyst for fertilizer firms, while Canadian producer
Agrium's (NYSE: AGU - News) $2.16 billion offer for
agricultural-products distributor UAP Holding (Nasdaq: UAPH - News)
earlier this month has helped confirm the positive sentiment toward
the sector.
Several institutional investors are locked into the bullish market for
fertilizer firms. Hedge fund Dawson Herman Capital Management, which
"has traditionally invested in the growth sectors of the U.S.
economy," according to its website, has substantial exposure to the
sector. Its top-three (and four of its top seven) U.S-listed equity
holdings are fertilizer producers. During Q3, the firm added shares in
Terra Industries (NYSE: TRA - News), a firm that produces nitrogen and
methanol products for agricultural and industrial markets, and CF
Industries (NYSE: CF - News), which operates in two segments, nitrogen
fertilizers and phosphate fertilizers. The firm also slightly trimmed
its stakes in Potash and Mosaic.
Dawson also held shares of companies in other sectors, with its
largest equity holding outside the fertilizer industry being a 719.7k
stake in global engineering and construction firm Foster Wheeler
(Nasdaq: FWLT - News). A list of the other companies Dawson is
investing in is available at tickerspy.com.
Another hedge fund, Peconic Partners, which "focuses on combining a
top-down view of the markets with risk management and strong
fundamental stock selection," according to its website, is also a big
holder of fertilizer producers' shares. Its top-two holdings are
Mosaic and CF, but it also has large stakes in Potash and Agrium.
Outside of the fertilizer sector, Peconic's largest stake is in
McDermott International (NYSE: MDR - News), an engineering and
construction firm serving the oil and gas industry. A list of the
other companies Peconic is investing in is available at tickerspy.com.
Potash proved to be the most popular fertilizer company among Pro
investors in Q3. Among the 26 investment firms holding stakes in the
company, the largest was a 19.2 million-share stake held by investment
advisor Capital Guardian Trust. Meanwhile, Potash is also the favorite
fertilizer stock among tickerspy members, though Terra Nitrogen (NYSE:
TNH - News), an incredibly volatile master limited partnership (MLP)
with a focus on nitrogen fertilizer products, is popular as well.
Pro portfolio performance is based on institutions' top-15 holdings as
disclosed in quarter-end filings with the SEC. Pro performance does
not take into account additional holdings beyond the top 15 nor does
it include positions that are not required to be disclosed by the SEC.
As such, Pro portfolio performance should be considered an
approximation and not a precise record of how an institution has
performed over time.
Tap Into the Market Intelligence of Investment Pros & Individual
Investors at tickerspy.com: Newly launched by Indie Research,
tickerspy.com is a FREE financial website that lets you TRACK multiple
stock portfolios, FIND and SHARE the latest news about the companies
you follow, and SPY on the portfolios and performance of nearly 1,500
Wall Street institutions and hedge funds. Best of all, find out how
YOU stack up against investing legends like Warren Buffett. Try
tickerspy.com today! [more]
December 12, 2007 –
stock prices from lowest to highest.
I would like to be able to see all the stocks that are 5 star rated that are under $10/shr
December 12, 2007 –
TEX soaring (66.65 +3.17)
December 12, 2007 –
from the November blood-letting. Next that need recovering are the mid level stocks like TRID, JRJC etc or stocks with market caps between $300M to $600M
December 12, 2007 –
Stock Futures Surge on New Fed Plan
Wednesday December 12, 9:19 am ET
By Madlen Read, AP Business Writer
Stock Futures Surge After Federal Reserve Unveils Plan to Work With Other Central Banks
NEW YORK (AP) -- Stock futures pointed to a big rally on Wall Street Wednesday after the Federal Reserve announced a plan to work with other central banks to alleviate a global credit crisis.
The central bank said it had agreed with the European Central Bank and the central banks of England, Canada and Switzerland to confront what it called elevated pressures in the credit markets. The Fed said it will create a temporary auction facility to make funds available to banks and set up lines of credit with the European and Swiss central banks for additional resources.
Wall Street was already poised for a partial recovery following a big drop Tuesday, as investors unhappy that the Fed did not lower rates more aggressively grew optimistic that the central bank will continue to aid the turbulent financial markets. News of the Fed's coordinated effort with other central banks sent futures sharply higher.
The Fed lowered its benchmark federal funds rate by a quarter point on Tuesday to 4.25 percent.
After the Dow Jones industrial average's 294-point plunge Tuesday, Dow futures on Wednesday gained 230, or 1.71 percent, to 13,680.
Standard & Poor's 500 futures rose 30.90, or 2.09 percent, to 1,509.00. Nasdaq 100 index futures added 35.25, or 1.69 percent, to 2,125.25.
[more]
December 12, 2007 –
Yesterday GNSS buyout, Today NEXT buyout. This is good news, it shows that rate cuts have lifted some of the credit crunch that halted buyouts to a standstill in August of this year.
http://finance.yahoo.com/q?s=next
http://finance.yahoo.com/q?s=gnss
December 11, 2007 –
Trident Micro's Likely to Be Snapped Up by a Larger Competitor [more]
December 11, 2007 –
so why is it not listed on CAPS , I want to rate it.
Jeffrey Gendell bought $20M worth of MCGL.ob,
its trading at .52/shr right now but raed an article that said it will apply for nasdaq listing.
http://www.secform4.com/insider-trading/948904.htm
Who is Jeffrey Gendell? Alpha Profiles the Top 25 Moneymakers: Jeffrey Gendell, Barry Rosenstein, Noam Gottesman, Pierre Lagrange and Nathaniel Rothschild
http://www.alphamagazine.com/article.aspx?ArticleID=1328521
JEFFREY GENDELL LIKES TO cover his bases.
Page 1 of 3 | Single Page
Tontine Associates
$270 MILLION
JEFFREY GENDELL LIKES TO cover his bases. A part owner of the Cincinnati Reds baseball team, the 47-year-old Gendell has combined value investing with event-driven strategies to grow his firm, Greenwich, Connecticutbased Tontine Associates, to $7 billion in assets, from $1.5 billion at the start of 2004. Part of that growth came from home-run bets on the homebuilding sector, which helped Tontine Partners, a long-short equity fund, rack up a 93 percent return in 2004 and 38 percent in 2005.
Last year Tontine Partners was up a modest 9 percent. The real winner for Gendell was Tontine Capital Partners, which was up 48 percent, net of fees. Part of the game plan for that fund is to make direct equity investments. Last summer Gendell bought about 28 percent of Georgia-based battery maker Exide Technologies, as part of a rights offering, at a discount to its market price. More recently, Tontine Capital Partners shelled out $15.4 million in a private placement of 10.3 million shares of common stock in Tower Tech Holdings, a Wisconsin-based supplier of towers to the wind-turbine industry. That stake, plus 2.4 million shares purchased from the founders, gives Tontine 25 percent of the company.
Gendell, who was raised in Ohio and holds an MBA from the Wharton School of the University of Pennsylvania, has had good coaches. Before going out on his own in 1997, he spent seven years with Odyssey Partners, the New York hedge fund firm founded by legendary investors Leon Levy and Jack Nash.
1 | 2 | 3 Next [more]
December 10, 2007 –
Biggest gainers Smallest Caps AMPX up 45% , another SORC up 25%
December 10, 2007 –
Mortgage related stocks Soaring NFI, SCA, , MBI
December 10, 2007 –
Thats what happens when you have a tiny float that is being manipulated by hedge funds to the downside. CSPI now near book value at $5+
For full year fiscal 2007, CSP Inc. sales increased 36% to $94.0 million from $68.9 million in fiscal 2006. Net income for the full year grew 105% to $4.0 million, or $1.03 per diluted share, from net income of $2.0 million, or $0.52 per diluted share, for fiscal 2006.
December 07, 2007 –
Chinese stock CHNR doing it again! Up $2.50+ at $29.40/shr
December 07, 2007 –
Good article by Motley Fool
I like Motley Fool's NED pick because it reminds me of EDU and we all know how well that one performed.
5 Ground-Floor Opportunity Stocks
By Rick Aristotle Munarriz December 3, 2007
http://www.fool.com/investing/high-growth/2007/12/03/5-ground-floor-opportunity-stocks.aspx
"If only I had gotten in on the IPO."
[more]
December 06, 2007 –
Bloomberg Radio to carry speech.
Bush set to announce help on mortgages
1 hour, 21 minutes ago
WASHINGTON - On a day when the Mortgage Bankers Association reported that home foreclosures hit an all time high, President Bush is scheduled to announce a plan to freeze interest rates for five years for thousands of strapped homeowners whose mortgages were scheduled to rise in the coming months.
The proposal was developed in negotiations led by Treasury Secretary Henry Paulson with the mortgage industry. It would freeze introductory "teaser" rates on subprime mortgages, preventing them from resetting to higher rates for five years.
White House deputy press secretary Tony Fratto said it would help "potentially a little more than a million" people who can afford payments with their introductory rates, but not if they jump to higher rates.
Fratto said it was voluntary, and did not represent federal intrusion into the private market. Those comments were aimed at countering criticism from conservatives that the administration was violating its free-market principles by pursuing a government solution to the mortgage crisis.
President Bush, who was to announce the agreement after a meeting with industry leaders at the White House on Thursday, has stressed that the deal is not a bailout because no government money is involved.
Release of the plan was coming after news earlier Thursday that home foreclosures surged to an all-time high in the July-September period. The Mortgage Bankers Association reported that the percentage of all mortgages that started the foreclosure process in the third quarter jumped to a record 0.78 percent, surpassing the previous record of 0.65 percent of all mortgages in the second quarter.
The administration's effort is aimed at stemming a further tidal wave of foreclosures in coming years as 2 million subprime mortgages — loans provided to borrowers with spotty credit histories — reset from their introductory rates of around 7 percent to 8 percent to levels as high as 11 percent, adding hundreds of dollars to the typical monthly payment.
The mortgage companies will offer to freeze the loans at the lower introductory rates as long as the borrowers did not miss any payments at the lower rate.
The program is the biggest effort yet to deal with the surge in mortgage defaults, which have piled up billions of dollars in losses for big banks, hedge funds and other investors while roiling financial markets worldwide. The defaults are the latest economic blow from the worst housing slump in more than two decades. Some economists think the housing bust may become severe enough to push the country into recession.
Two Democratic presidential contenders, Hillary Rodham Clinton and John Edwards, complained Wednesday that, given the risks to the economy, Bush's proposal did not go far enough. They proposed their own plans that would not only freeze mortgage payment rates but also declare moratoriums on further foreclosures to pressure lenders to reach at-risk homeowners.
The financial services industry applauded the administration for negotiating a plan that will allow free-market forces to operate. The hope is that the five-year freeze will buy time for the housing industry to work down record levels of unsold homes and for sales and prices to start rising again.
A housing rebound would enable homeowners to refinance their current adjustable rate mortgages into fixed-rate loans with more affordable monthly payments.
The big sticking point in the lengthy negotiations was getting investors who have purchased the mortgages after they were bundled into mortgage-backed securities to agree to accept lower interest payments. Critics have said even with a deal, there are likely to be lawsuits.
"The $64,000 question remains: `Will investors who might balk at going along with this be able to maintain legal roadblocks and prevent the plan from going into effect?'" asked Sen. Charles Schumer, D-N.Y.
But officials representing major players in the mortgage industry said they believed the plan would withstand any legal challenges and would help at-risk homeowners avoid defaulting on their mortgages.
Steve Bartlett, president of the Financial Services Round-table, a trade group representing the country's largest financial service firms, said the deal would benefit banks, investors and homeowners since there is a significant cost when a mortgage is foreclosed.
Under the administration plan, the rate freeze will apply to loans made at the start of 2005 through July 30 of this year and will cover loans that had been scheduled to rise to higher rates between Jan. 1, 2008, and July 31, 2010.
The plan represents an about-face for Paulson, who until recently had insisted the mortgage crisis could be handled on a case-by-case basis. However, he and other administration officials became convinced the tide of foreclosures threatened by the mortgage resets represented such a severe threat that a more sweeping approach was needed.
___
Associated Press writers Alan Zibel, Deb Reichmann and Nedra Pickler contributed to this report. [more]
December 06, 2007 –
I assume they will be buying the undervalued Chinese stocks first. [more]
December 06, 2007 –
XING has beaten estimates by a wide margin last 2 qtrs!
XING got completely crushed in November like majority of Chinese stocks.
http://finance.yahoo.com/q/ae?s=XING
XING one of the rare undervalued Chinese stocks.
December 05, 2007 –
Wednesday December 5, 8:42 pm ET
By Martin Crutsinger and Alan Zibel, Associated Press Writers
Bush Mortgage Plan Will Freeze Certain Subprime Interest Rates for 5 Years [more]
December 05, 2007 –
after going into a cold freeze in November with many of the Chinese stocks falling as much as 50% from October Highs. But that retrace looks too have been overdone to the extreme and they are now bouncing back in a very strong way.
Chinese stock list:
http://tinyurl.com/2sv56d
December 05, 2007 –
last week at $18, time to take profits.
http://finance.yahoo.com/q?s=CHNR
December 05, 2007 –
Income Statement
Revenue (ttm): 598.00M
Revenue Per Share (ttm): 7.42
Qtrly Revenue Growth (yoy): 49.10%
Gross Profit (ttm): 85.57M
EBITDA (ttm): 89.92M
Net Income Avl to Common (ttm): 37.25M
Diluted EPS (ttm): 0.45
Qtrly Earnings Growth (yoy): 571.80%
http://finance.yahoo.com/q/ks?s=DAR [more]
December 04, 2007 –
starting to heat up again!
http://tinyurl.com/2tsare
December 04, 2007 –
Speculation is growing FED may cut by 1/2 point.
The Bank of Canada cut rates to 4.25 today citing US housing woes.
http://tinyurl.com/2gm88t
December 03, 2007 –
If your short financials you got to be Scared of Henry Paulson: [more]
December 03, 2007 –
nice move..
December 03, 2007 –
GVHR • Gevity upgraded by JMP Securities Briefing.com (Mon 6:44am)
December 01, 2007 –
Youtube video got me laughing out of my chair.
http://tinyurl.com/3yktp7
December 01, 2007 –
growth fund. This fund has basically flat-lined since the end of July 2007. But I believe with new money coming into the markets in December & January this fund will do what it has done the last 5 years which is to rally hard during Dec. - Feb. time period. Disclosure: I am long LZEMX [more]
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