Archive for June, 2010

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Pacific Ethanol, Inc. (PEIX) – Buzz Stock of the Day

Wednesday, June 30th, 2010

Shares of Pacific Ethanol, Inc. (Nasdaq: PEIX) were up almost 60 percent from Tuesday’s close in morning trading on Wednesday, after the company said that four of its wholly-owned  subsidiaries had emerged from bankruptcy.

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“We believe that our business is well positioned for growth,” said Pacific Ethanol president and CEO, Neil Koehler in a statement. “With the California plants capable of producing the lowest carbon ethanol in the United States, we are now focused on a plan to restart these facilities to provide much needed ethanol to meet California’s Low Carbon Fuel Standard.”

The plant subsidiaries, which are now owned by a newly formed holding company, will continue to be staffed, managed and operated by Pacific Ethanol under a fee and profit-sharing arrangement negotiated with the owners of the newly formed holding company.

Pacific Ethanol, Inc. eliminated approximately $290 million in debt and other liabilities from its balance sheet. The bankruptcy did not affect the Company’s ownership structure and the Company continues to be owned by its existing common and preferred stockholders. The Company also has an exclusive option to purchase up to a 25 percent equity interest in the new holding company for up to $30 million in cash, which is exercisable for a period of 90 days from June 29, 2010.

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Penny Buzz Stocks to Watch on 6/29: VIDA, ECRY, GOIG

Tuesday, June 29th, 2010

For all you penny stock traders, here are a few penny Buzz Stocks we’re watching today:

Vidaroo Corp. (OTCBB: VIDA): Vidaroo announced that the company was selected by country music artist Keith Urban to provide creative visual elements and video production for the Summer Lovin’ 2010 Tour. Several newsletters also promoting the company. Vidaroo Corporation is a video technology company that provides the best-in-breed Online Video Platform, video production and advertising on its Online Video Network that reaches over 10 million visitors monthly. Shares up 88 percent from Monday’s close.

eCrypt Technologies, Inc. (OTCBB: ECRY): Shares up 5 percent after the company announced positive feedback from their participation in the F5 Expo held in Vancouver, BC on April 7, 2010. According to data from the F5 Expo, eCrypt Technologies, Inc. received the greatest amount of public interest at the conference. These finding are based on the number of voluntary video testimonials the Company received at the F5 media centre. eCrypt Technologies, Inc. is an information security firm with a focus on the wireless industry. The company’s flagship product “eCrypt” is a first-of-its-kind encryption software for wireless email on BlackBerry® smartphones, and is available under a perpetual license or on a pay-per-use basis.

GoIP Global, Inc. (Pink Sheets: GOIG): Shares up 5 percent today after the company announced that it would receive $5 million in funding from Chinese industrialist, Yidong Fu in return for restricted common shares of the company’s stock. The funds are expected to be used to further GoIP’s GO800’s marketing efforts in USA/Canada, establish a GO800 subsidiary in China, and to launch GO800 in China in 2011.

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Cowlitz Bancorp. (CWLZ) – Buzz Stock of the Day

Tuesday, June 29th, 2010

Shares of Washington bank, Cowlitz Bancorp. (Nasdaq: CWLZ) have been on a wild ride over the past three weeks. Shares of Cowlitz were up 25 percent from Monday’s close, in morning trading on Tuesday after the company announced that it presented an updated plan to regain compliance with two Nasdaq Listing Rules with which it is not in compliance and requested a 90-day exception to the continued listing standards.

The Company previously announced that on May 12, 2010, it received a delisting determination letter from Nasdaq due to the Company not being in compliance with the minimum 500,000 publicly held shares requirement set forth in Listing Rule 5550(a)(4).

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Last week, shares dove about 10 percent after the company announced it received a Supervisory Prompt Corrective Action Directive from the Federal Deposit Insurance Corp. that calls for Cowlitz’s main subsidiary, The Cowlitz Bank of Longview, Wash. to recapitalize within 30 days of the order, or sell or merge with a healthier institution.

The sell-off came on the heels of a surge, that sent the stock soaring as high as $6.99 in intraday trading the week before.

According to TheStreet.com:

News of the order shouldn’t have come as a huge surprise. The Cowlitz Bank was included in TheStreet’s Bank Watch List of undercapitalized banks and thrifts, based on first-quarter regulatory data provided by SNL Financial, because the bank’s Tier 1 leverage ratio was 3.37% and its total risk-based capital ratio was 6.68% as of March 31.

These ratios need to be at least 5% and 10% for most banks to be considered well capitalized. The ratios need to be at least 4% and 8% for most institutions to be considered adequately capitalized by regulators.

A day after the sell off, shares soared nearly 54 percent in Thursday trading, skyrocketing $1.92 to close at $5.49. On a normal day, Cowlitz trades about 63,500 shares trade, but on Thursday, trading volume was more than 545,000 shares.

Cowlitz is considered “critically undercapitalized” by the FDIC.

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IDT Corp. (IDT) – Buzz Stock of the Day

Monday, June 28th, 2010

Telecom and oil are an unlikely pair. But for IDT Corp. (NYSE: IDT). which specializes in telecom services and oil exploration, the combination has worked well. Shares of IDT Corp. were up 13 percent from Friday’s close, likely because of a new CNBC interview with the company’s founder, chairman and CEO, Howard Jonas that outlined the company’s oil shale venture in Colorado (below).

IDT’s shale operation focuses on heating shale rock and extracting oil. “So we can bring this up without any environmental consequence,” said Jonas. “The problem in Colorado up to now was that there were aquifers that run through the rock. So what we did was find a way to go down into the clay level.”

IDT’s energy business, Genie Energy, holds IDT’s interests in the American Shale Oil, LLC (AMSO), a joint oil shale research and development venture in Colorado with Total, S.A.; and in Israel Energy Initiatives (IEI), which holds an exclusive shale oil exploration and production license in the Shfela region of Israel.
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According to Jonas, it costs the company about $25 per barrel to extract the oil from shale rock, which is about $10 cheaper than ultra-deep water fuel extraction — the kind of extraction that was being used by British Petroleum (NYSE: BP) in the Gulf of Mexico.

Shares of IDT Corp. are up about 57 percent over the past three months.

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Buzz Stocks Week in Review — EFJI, ETRM, LTBR, MIPI

Friday, June 25th, 2010

AVERAGE WEEKLY GAIN:  70.75%

Here’s a quick recap of how this week’s Buzz Stocks fared:

Monday: Shares of EF Johnson Technologies, Inc. (Nasdaq: EFJI) rose 40 percent from last Friday’s close in morning trading on Monday after the company increased its sale price 42 percent. The company will now be acquired by Francisco Partners, an affiliate of a private equity firm for $1.50 per share in cash, up from $1.05 per share.
Up as much as 40% since our post.

Tuesday: EnteroMedics, Inc. (Nasdaq: ETRM) was our biggest gainer of the week. Shares opened at $0.31 on Tuesday, and climbed nearly 53 percent to a close of $0.61 after the company announced positive data from its obesity treatment device. The following day, shares soared to $0.81, before settling back down to a closing price of $0.63.
Up as much as 125% since our post.

Wednesday: Lightbridge Corp. (Nasdaq: LTBR) shares were up 50 percent on Wendesday after the nuclear fuel technology developer announced “a major technological breakthrough,” based on a proprietary all-metal fuel assembly design could reduce both initial capital costs per megawatt and annual operating costs per kilowatt-hour of nuclear power. According to a recent news release, this breakthrough makes nuclear power more competitive with other forms of electricity generation while contributing to a significant reduction of CO2 emissions.
Up as much as 69% since our post.

Thursday: Molecular Insight Pharmaceuticals, Inc. (Nasdaq: MIPI) was first featured as a Buzz Stock of the Day on June 18th after shares rose 30 percent from the previous day’s close, about a week after the company presented nonclinical data demonstrating the utility of the Company’s novel radiopharmaceutical compounds for the molecular imaging of prostate and other tumors. Less than a week later, shares surged 65 percent from Wednesday’s closing price of $1.60, trading at at a high of $2.64 on Thursday after Molecular Insight Pharmaceuticals, Inc. announced positive data from a completed Phase 2a clinical study of Azedra™, the Company’s lead oncology therapeutic for a common childhood cancer.
Up as much as 49% since our post.

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