LIGATT Security International Signs Letter of Intent to Purchase Cyber Defense Systems, Inc. and Plans to Pays Stock Holders 5 to 1
LIGATT Security Expands Its Brand Name With the Purchase of Cyber Protection Power House Cyber Defense Systems, Inc.
Quri Resources Inc. Acquires La Conquista
QUITO, ECUADOR--(Marketwire - June 29, 2009) - Quri Resources, Inc. (
Quri Resources, Inc. announces today that it has acquired 100% interest in the Conquista Gold mines, (990 hectares). This property is located 150 kilometers northwest of Quito. Conquista has 2 working mines, the Santa Teresa and Palanzuro. Free gold can be observed and concentrations of up to 10 grams per ton are present. Past production in addition to continued sampling have shown probable gold deposits exceeding management's original expectations. It is the intention of the company to begin production within 3 months.
TGS Announces a New 3D Multi-Client Survey in the Barents Sea
ASKER, NORWAY--(Marketwire - June 29, 2009) - TGS has commenced acquisition of a new Multi-Client 3D survey in the Barents Sea with the M/V Geo Barents. The survey covers a 4,300 square kilometer area over the Hoop Fault Complex. Seismic data and electromagnetic data in the TGS library have been the basis for defining the survey coverage. The survey, the largest 3D survey conducted by TGS on the Norwegian continental shelf, covers not only open blocks expected to be offered in later tender rounds, but also acreage awarded in the recent Norwegian 20th Round.
Emazing Interactive, Inc. Acquires China Net Online Media Group Limited in a Share Exchange
BEIJING--(Marketwire - June 29, 2009) - Emazing Interactive, Inc. (
Powershares Agriculture (DBA): Invest in crop circles!
"There are many reasons to like PowerShares DB Agriculture (NYSE: DBA), and ETF that tracks agricultural commodity prices," says fund expert Doug Fabian.
In The ETF Trader, he explains, "We like the technical picture. In addition, we believe commodities are a great hedge against inflation." Here's his assessment.
"I’m a pretty skeptical guy; one of the more wild claims of the past decade or so was that so-called 'alien' crop circles -- those bizarre patterns carved into wheat, corn and other fields around the globe.
"Well, I say forget about the aliens, but don’t forget about the patterns taking shape in the world’s key agricultural crops.
"The patterns being cut into price charts of crops like corn, soybeans, sugar and wheat all have given us one compelling message, and that message is it’s time to buy.
"That’s why I now am recommending that you purchase the PowerShares DB Agriculture (NYSE: DBA). This is an ETF that seeks to track the price and yield performance, before fees and expenses, of the Deutsche Bank Liquid Commodity Index - Optimum Yield Agriculture Excess Return.
"This index is composed of futures contracts on corn, soybeans, sugar and wheat, some of the most liquid and widely traded agricultural commodities.
"There are many reasons to like DBA besides just its technical picture. First off, commodities are a great hedge against inflation.
"Second, many of the countries with the biggest demand for agricultural commodities are experiencing explosive growth.
"China, India and Brazil all are in hyper-growth mode, and that means demand for commodities is going to continue being very strong.
"In addition to the strong demand for these big four crops, we also know that the supply of these commodities is not growing fast enough to meet demand. According to some industry estimates, food inventories are currently at multi-decade lows.
"And what do you get when you have increasing demand and a decreasing supply? That’s right, higher prices.
"The underlying index that this ETF tracks is now trading right at its 200-day moving average. There’s been a pullback in DBA during the past several weeks, and that pullback has now given me the go ahead to buy DBA.
"In addition to your buy orders for DBA, I also want you to place a stop-loss order at 10% below your buy price. Putting in a stop loss is a must in this fund, as it tends to be more volatile than your average equity ETF. If you are not prepared to put in a stop loss with your buy order, I recommend not putting in a buy."
Microsoft (MSFT) Bet on Bing?
"Microsoft (NASDAQ: MSFT), a holding on our buy list, was added to Goldman Sachs' Conviction Buy List," says Bill Martin. In BullMarket.com, he offers the reasoning for his buy rating.
"Analyst Sarah Friar at Goldman raised her price target on the name to $29 from $25.
"She said,'"We are adding Microsoft to our Conviction List as we think the combination of better revenue drivers, improved expense management, and sizeable cash balances provides more opportunities for bottom-line beats.'
"'Windows 7, Windows Server 2008 R2, Bing, Xbox 360 and new Halo content, Office 2010, and the Azure Cloud provide renewed innovation beyond anything we have seen in multiple years,' Friar wrote.
"She added, 'Looking out to CY2010 and beyond, the new product pipeline, combined with a modest rebound in IT spending, should buoy top-line growth. The stock remains under-owned by growth managers, providing further buying power.'
"While Friar is bullish on Microsoft, she isn't expecting a great June quarter due to the current IT spending environment. However, she believes investors will soon start to look beyond 2009 and towards higher growth rates from the 2010 Windows 7 product cycle.
"She said the biggest risks the stock faces are a prolonged weak economic environment and a more rapid than expected shift to software as a service (SaaS) offerings.
"In our view., Microsoft has been a hated company and reviled stock for years. However, it is currently an inexpensive stock (P/E around 13x) with a strong balance sheet and a clear catalyst (the Windows 7 launch).
"Yes, the ten-year chart may look like the stock flatlined on the operating table, but we think it may finally be ready to show some signs of life.
"Windows 7 is getting good early reviews (when was the last time that happened?), and if the company can make bundles of money selling products that many people don't particularly care for, a product end users actually like could do wonders for the bottom line and the stock.
"Throw in Microsoft cutting some fat after years of getting a bit bloated, and you have a stock that is a 'Buy.' Our Target is $30."
Business Process Outsourcing (BPO)
Shares of nearly all of the companies in the group got a boost immediately following the election results in India on May 17th. Shares of Patni Computers have appreciated the most, nearly 77% YTD (as of June 2nd), compared to the heavy-hitters in the industry: Infosys up 43.6% YTD, Wipro Inc. up 50.1% YTD, Cognizant Tech up 43.6% YTD and Tata Consultancy up 46.5% YTD.Rite Aid Corp. (RAD)
Management at Rite Aid Corporation (<a href=http://www.zacks.com/stock/quote/rad>RAD</a>) was executing a turnaround strategy centered on increasing the profitability of the existing store base. <p> However, the acquisition of Brooks Eckerd prior to a convincing turnaround in profitability has increased the debt burden and interest expense. Moreover, Wal-Mart's foray into the retail generic drug market has pressured the company's pharmacy margin. <p> Given the weakness of front-end sales, especially in the past fiscal year, and management's continual lowering of EPS guidance (for larger net losses), the stock's rating is a Sell.NCR Corporation (NCR)
Given its robust business model, aggressive cost-cutting measures and new business initiatives, we expect NCR Corporation (<a href=http://www.zacks.com/stock/quote/ncr>NCR</a>) to resume growth across segments later this year. This should be sustainable for the foreseeable future as its customers seek to cut costs through increased automation. <p> However, NCR experienced a significant drop off in business activity in the retail segment in the second half of 2008 as well as in the first quarter of 2009. The new offer worth $13.0 million from Georgia state, coupled with a new facility addition in Brazil will help the company going forward. <p> Meanwhile, the company has a sound balance sheet and generated moderate cash flows in Q1. We maintain our Buy rating on NCR shares but increase our six-month price target to $14.00, after factoring in the economic environment.Franklin Street Properties Corp. Acquires Office Building in Chantilly, Virginia
WAKEFIELD, MA--(Marketwire - June 26, 2009) - Franklin Street Properties Corp. ("FSP",
"our" or "we") (