Posts Tagged ‘investing’

Buzz Stock of the Day – (TREE)

Friday, May 1st, 2009

Shares of our Buzz Stock of the Day —, Inc. (Nasdaq: TREE) closed almost 40 percent higher todaya fter reporting positive earnings for the first quarter of 2009.

The Charlotte-based company, is the parent of several brands and businesses in the financial services and real estate industries including LendingTree(r), LendingTree Loans(sm), GetSmart(r), Home Loan Center,, iNest(r), and, REALTORS(r)., Inc. today reported Q1 earnings of $0.32 per diluted share on revenue of $57.3 million, compared with a net loss of $1.05 per share on revenue of $70.2 million in the same period a year earlier. Revenue for Q1 2009 increased 19 percent sequentially. The company generated EBITDA of nearly $8 million in Q1.

“While we are pleased to deliver positive earnings per share and sequential quarterly improvements in revenue, we continue to benefit from a declining mortgage rate environment,” said’ CFO, Matt Packey. “We had concerns towards the middle of Q109, as we saw rates start to tick back up, that we would have to begin spending more heavily on marketing again. However, based on what we have experienced throughout April 2009, and in seeing various market forecasts for continued low rates through the end of 2009, we do not anticipate having to significantly increase our marketing expense to drive additional volume.”

As of March 31, 2009, had $81.4 million in cash and cash equivalents compared to $73.6 million as of December 31, 2008. The key drivers behind the increase in cash included $7.9 in EBITDA that was generated, $1.9 million of cash received from the sale of restricted common stock, $3.6 million of positive net working capital changes and a $0.2 million increase related to a decrease in restricted cash. These increases were partially offset by a $4.2 million net cash outflow related to timing of the origination and sale of loans and warehouse line activity, as well as $1.6 million outflow for acquisition payments and capital expenditures in the quarter.

Buzz Stock of the Day – China Sky One Medical (CSKI)

Thursday, April 16th, 2009

Business is booming for our buzz stock of the day, China Sky One Medical, Inc. (Nasdaq: CSKI).

The company, which manufactures over-the-counter drugs in China, reported record results for the fourth quarter and 12 months ended December 13, 2008.

Operating income for the year increased 91.6 percent to $35.7 million, and revenues increased 86.2 percent to $91.8 million.

The company started trading on the Nasdaq Global Market on September 16, 2008, and recently completed several key acquisitions, and recently received SFDA final approval for 19 drugs.

China Sky One expects full-year 2009 revenue to increase 40 percent to between $128 million and $130 million, and net profit margin to increase to $38 million to $39 million.

For the trailing 12 month period, China Sky One earned about $5.60 a share on revenue of $78.5 million. The company has about $51 million of cash, and generated $21 million of levered free cash flow.

We like CSKI because the company has continued to demonstrate growth in tough economic times, made some key acquisitions that could be accretive in the very near future, and has hefty 40.3 percent operating margins. The company also has a low P/E ration (8.58) compared to the industry average of 9.39.

“We are confident about the prospects for our business in 2009 and will continue to focus on increasing market share by both strengthening and further refining our successful sales and distribution network, building and enhancing our brand image, and making strategic acquisitions that continue to support our growth,” said Yan-Qing Liu, Chairman and CEO of China Sky One Medical, Inc.

Buzz Stock of the Day- First Niagara Financial Group (FNFG)

Tuesday, April 7th, 2009

There are a few bright spots in the battered banking industry.

Our Buzz Stock of the Day — First Niagara Financial Group, Inc. (Nasdaq: FNFG) is one of them.

The Pendleton, Niagara County-based company operates as the holding company of First Niagara Bank, and provides retail and commercial banking, and financial services to individuals, families, and businesses.

We like First Niagara Financial Group because generates operating cash flow, is well capitalized, and seems to be weathering the storm better than a lot of other regional banks.

“They did it the old-fashioned way, got the money first and then decided how to use it,” said Richard Weiss, director of banks and thrifts at Philadelphia-based investment firm Janney Montgomery Scott LLC.

The company’s stock has been pretty resilient as well — down about 17 percent over the past 52-weeks. First Niagara’s competitors including KeyCorp (-67 percent) and M&T Bank Corp. (-44 percent) haven’t been as lucky.

And if today’s announcement by First Niagara is an indication of things to come, we think this regional bank owner could be a good long-term play, as well as a daily Buzz Stock.

The company just announced that it signed a definitive agreement to acquire $4.2 billion of deposits and 57 Western Pennsylvania bank branches from National City Bank, a subsidiary of The PNC Financial Services Group for a deposit premium of 1.3 percent. FNFG said in addition to $3.2 billion in cash, the company will also receive approximately $839 million of performing business and consumer loans. Divestiture of these branches was a regulatory condition of PNC’s purchase of National City in December of 2008.

First Niagara enters the Pittsburgh region as the fourth-largest bank by deposits, acquiring a $3.35 billion share here, and fifth by branches, with 50. It also bought seven branches outside Pittsburgh but in two other metro areas in western Pennsylvania.

This marks the eighth acquisition by First Niagara over the past decade. Not including the western Pennsylvania additions, it currently has more than $9.3 billion in assets, 114 branches, 139 ATMs and 2,000 employees.

“This transaction enables us to strategically expand our franchise, leverage our strong financial position and enhance shareholder value,” First Niagara President and CEO John Koelmel said in a statement.

The acquisition is expected to close in September 2009, and add about 20 percent to the company’s earnings per share in 2010.

Buzz Stock of the Day- Perma-Fix Environmental Services (PESI)

Monday, March 30th, 2009

Nuclear waste management is quickly becoming a hot topic both on Wall Street and Capitol Hill.

In late February, the government affairs arm of the nuclear industry called for President Barack Obama to convene a blue ribbon nuclear waste commission, a move that could be a first step toward forming alternatives to burying radioactive power plant fuel at Yucca Mountain, according to the Las Vegas Review-Journal.

The idea of forming a blue ribbon commission has been floating quietly around Washington for several months as Obama during the presidential campaign and Steven Chu, his energy secretary, have said it is necessary to revisit the management and disposal of used nuclear fuel currently stored at power plant sites.

Late last week, Chu said he, not Congress, will establish a blue-ribbon commission to develop a new strategy for managing the country’s nuclear waste.

This could be good news for our Buzz Stock of the Day, Perma-Fix Environmental Services, Inc. (Nasdaq: PESI).

The company’s expansive portfolio of nuclear waste treatment includes radioactive and mixed waste treatment services for hospitals, research labs and institutions, federal agencies, including the Department of Energy, the Department of Defense and nuclear utilities.

Perma-Fix CEO, Dr. Louis Centofanti recently stated that he was “optimistic that Perma-Fix will be a beneficiary of the stimulus plan,” which allocates more than $6 billion for nuclear waste clean-up throughout the Department of Energy’s complex. “In addition, the DOE fiscal 2009 annual budget has been increased to $6.4 billion, from $5.2 billion in fiscal 2008. “

The company’s fourth-quarter revenue was up 46 percent to $23.5 million, from $16.1 million a year ago. Perma-Fix generated EBITDA of $2.2 million, and net profit of $725,000, or a penny a share.

Shares of PESI trade at about 50 percent of their 52-week high, and are down about 11 percent over the past 52-weeks — substantially less than the S&P 500 and many of the company’s much larger competitors including American Ecology Corp. (Nasdaq: ECOL) and URS Corp. (NYSE: URS).

Join the discussion on Perma-Fix Environmental Services on the company official Buzz Stock thread.

Buzz Stocks for the week of 3/16/09- CELG, RMDX, LOCM, RJET, PANL

Friday, March 27th, 2009

Here’s a quick recap of this week’s Buzz Stocks.

3 out of our 5 daily buzz stocks ended the week higher.

Buzz Stock of the Day:

Celegene Corp. (Nasdaq: CELG)
Open (3/23/09): $47.19
Close (3/27/09): $46.04
Percentage Change: -2.4 percent
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Buzz Stock of the Day:

RemoteMDx, Inc. (OTCBB: RMDX)
Open (3/24/09): $0.13
Close (3/27/09):
Percentage Change: +23.5 percent
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Buzz Stock of the Day:, Inc. (Nasdaq: LOCM)
Open (3/25/09): $2.36
Close (3/27/09): $2.26
Percentage Change:
-4,2 percent

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Buzz Stock of the Day:
Republic Airways Holdings, Inc. (Nasdaq: RJET)
Open: (3/26/09): $5.11
Closed (3/27/09): $5.96
Percentage Change: +16.6 percent
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Buzz Stock of the Day:
Universal Display Corp. (Nasdaq: PANL)
Open (3/27/09): $9.29
Close (3/27/09): $9.34
Percentage Change: +0.5 percent
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