HOUSTON, TX--(Marketwire - July 31, 2009) - Cobra Oil & Gas Company (OTCBB: CGCA)
(hereafter "Cobra") announced the clarification of a press release issued
on July 27, 2009 and repeated on July 28, 2009 which erroneously referred
to Cobra's purchase of a 40% working interest in a Utah oil sands project
and the correction and clarification of certain statements made by Cobra's
chief executive officer, Max Pozzoni, in a June 25, 2009 interview aired on
Wall Street Network's 3 Minute Press Show as such interview related to the
Utah oil sands project. The interview was also the subject of press
releases dated June 30, 2009 and July 6, 2009.
On Monday, I wrote a bullish message on the homebuilding group and suggested using the **SPDR S&P Homebuilding ETF (XHB)** as one way to participate in the housing recovery. I pointed out, however,...
July 31, 2009 | Filed Under
Analyst Opinions |
Leave a Comment PLAINVIEW, NY--(Marketwire - July 31, 2009) - iFinix Corp. (PINKSHEETS: INIX), a provider
of real-time financial information and services to active traders and to
the securities industry, announced today that it has completed the
acquisition of a 55% interest in Beckman Holdings Inc.
Through a series of private transactions with individual shareholders,
iFinix has now completed the acquisition of 55% ownership in Beckman
Holdings. Beckman is the parent company of its wholly owned subsidiary,
Island Forex Currency Trading Inc. As stated earlier this year, it is
iFinix's objective to build businesses in the Commodities market, the
Foreign Currency market and the Equities market. The management believes
that, aside from these businesses having the potential to become
significant profit centers for iFinix, the company also intends to use each
of these subsidiaries as platforms to launch its redeveloped, multi-facet
EVERETT, WA and NEW YORK, NY--(Marketwire - July 31, 2009) - Frontier Financial Corporation
(NASDAQ: FTBK) ("Frontier") and SP Acquisition Holdings, Inc. (NYSE Amex: DSP) ("SPAH") today jointly announced that they have entered into an
Agreement and Plan of Merger, pursuant to which Frontier will merge with,
and into, SPAH. The merger is expected to close in the fourth quarter of
2009.
Hanesbrands, Inc. (<a href=http://www.zacks.com/stock/quote/hbi>HBI</a>) management's business model requires only modest
sales growth to create substantial EPS growth. Earnings are being driven by brand-building and cost-reduction initiatives.
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Since the spin-off in September 2006, the company has reduced debt by $511 million, lowering interest expense from the post spin-off financial structure. However, management is reporting non-GAAP EPS, which excludes unusual actions, which may be distorting perceived earnings.
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The Buy rating is maintained due to valuation. Currently, our six-month target price is $20.50 per share.
July 31, 2009 | Filed Under
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Hanesbrands, Inc. (<a href=http://www.zacks.com/stock/quote/hbi>HBI</a>) management's business model requires only modest
sales growth to create substantial EPS growth. Earnings are being driven by brand-building and cost-reduction initiatives.
<p>
Since the spin-off in September 2006, the company has reduced debt by $511 million, lowering interest expense from the post spin-off financial structure. However, management is reporting non-GAAP EPS, which excludes unusual actions, which may be distorting perceived earnings.
<p>
The Buy rating is maintained due to valuation. Currently, our six-month target price is $20.50 per share.
July 31, 2009 | Filed Under
Stock Picks |
Leave a Comment
Hanesbrands, Inc. (<a href=http://www.zacks.com/stock/quote/hbi>HBI</a>) management's business model requires only modest
sales growth to create substantial EPS growth. Earnings are being driven by brand-building and cost-reduction initiatives.
<p>
Since the spin-off in September 2006, the company has reduced debt by $511 million, lowering interest expense from the post spin-off financial structure. However, management is reporting non-GAAP EPS, which excludes unusual actions, which may be distorting perceived earnings.
<p>
The Buy rating is maintained due to valuation. Currently, our six-month target price is $20.50 per share.
July 31, 2009 | Filed Under
Stock Picks |
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Growth of mega-blockbuster Plavix is helping <B>Bristol-Myers Squibb Company</B> (<a href=http://www.zacks.com/stock/quote/BMY>BMY</a>) drive EPS growth up near 16% in 2008. However, patent expirations loom large in Bristol's future starting in 2011 when the Plavix patent expires.
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That being said, the company does have an attractive mid-to-late-stage pipeline, and management has been dramatically working to reduce costs and shed less profitable and non-core businesses. We believe the company is an attractive take-over candiate at this level for a larger pharma name such as Sanofi or AstraZeneca. EPS growth through 2011 is near the top ofbig-pharma.
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We expect the shares to trade up near $27.
July 30, 2009 | Filed Under
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The global slowdown in economic growth will directly affect the chemical industry. Celanese is rated a Sell due to weak demand growth.
July 30, 2009 | Filed Under
Analyst Opinions |
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We are reiterating our Sell rating on BJ Services (<a href=http://www.zacks.com/stock/quote/BJS>BJS</a> shares to reflect our weak outlook for the North American pressure pumping market.
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While the current U.S. rig count is already down more than 50% from its all-time peak in August 2008,
we see significant room for further decline in the coming months before the market stabilizes. This
expected drop in the rig count will affect demand for pressure pumping services, which will continue
to weigh on dayrates and margins into 2010, even as normal demand resumes towards the end of
2009, in our view.
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While the company should fare better than many of its smaller peers, given the size and scope of its
operations and its strong financial health, it is nevertheless faced with pricing pressures and margin
compression in the coming quarters.
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July 30, 2009 | Filed Under
Stocks to Sell |
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