That is real dedication! Did you get the computer fixed?Quote:
Originally Posted by ray
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That is real dedication! Did you get the computer fixed?Quote:
Originally Posted by ray
US HOT STOCKS:Gildan Activewear, Harley-Davidson, InfoSpace -2-
Last update: 2/12/2009 2:13:36 PM
U.S. stocks were lower Thursday as the Dow Jones Industrial average dropped 1.9% to 7786, the S&P 500 fell 1.9% to 818 and the Nasdaq Composite declined 0.9% to 1517.5. Among the companies whose shares are actively trading in the session are La Jolla Pharmaceutical Co. (LJPC), Pacer International Inc. (PACR) and Buffalo Wild Wings Inc. (BWLD).
The failure of its lead product candidate, Riquent, may be the end of the road for tiny biotech La Jolla Pharmaceutical ($0.19, -$2.12, -91.77%) and may leave recent partner BioMarin Pharmaceutical Inc. (BMRN, $19.45, $0.02, 0.10%) with a hole in its late-stage pipeline.
Shares of Pacer International ($5.64, -$2.93, -34.19%) hit an all-time intraday low Thursday as the logistics and freight company saw its stock-investment rating lowered after reporting it swung to a loss in the fourth quarter.
Buffalo Wild Wings ($29.00, $7.09, 32.36%) recorded strong growth at its company-owned stores. Chief Executive Sally Smith said the first quarter was off to a strong start, with same-store sales up 8% at the company-owned stores and 7% at franchised locations. Smith said the company's October expectations for 2009 - growth of 25% for revenue and 20% to 25% for net earnings - are achievable.
Initial reactions to the U.S. government's $789 billion stimulus bill indicate the plan may not do much for the home-building industry, depressing the sector's stocks Thursday. Among the home-building companies trading lower were Meritage Homes Corp. (MTH, $11.37, -$2.90, -20.32%), Centex Corp. (CTX, $8.36, -$1.23, -12.83%), Beazer Homes USA Inc. (BZH, $0.92, -$0.12, -11.54%) and industry giant Lennar Corp. (LEN, $6.81, -$0.86, -11.21%).
Terex Corp. (TEX, $9.30, -$4.32, -31.72%) shares fell precipitously, a day after the construction and mining equipment company reported it swung to a fourth-quarter loss and said it may be in violation of a credit-agreement covenant as early as the end of the first quarter.
Strayer Education Inc. (STRA, $187.48, -$38.39, -17.00%) reported fourth-quarter earnings and revenue in line with estimates but, continuing a recent trend in higher-education companies, shares sunk as investors were hoping for a more bullish report.
Chipotle Mexican Grill Inc.'s (CMG, $52.84, $5.42, 11.43%) fourth-quarter net income fell 3.2% on lower margins caused by increased food costs. But share rose as the quarter's results beat expectations and Chipotle announced it will open fewer stores this year than planned. The company said Wednesday that customer visits declined, though that was offset by higher prices.
Shares of TomoTherapy Inc. (TOMO, $2.75, $0.26, 10.44%) rose after the radiation therapy technology company's fourth-quarter results beat Wall Street expectations and it forecast full-year revenue ahead of estimates. Following the report, Soleil raised its investment rating on TomoTherapy to hold from sell.
Sirius XM Radio Inc. (SIRI, $0.07, $0.02, 30.18%) is seeking an investment from Liberty Media Corp., The Wall Street Journal reported, citing people familiar with the matter, in a last-ditch effort to fend off an unsolicited takeover approach from satellite entrepreneur Charles Ergen. The talks set the stage for a battle between the leading U.S. satellite-television providers - Liberty-controlled DirectTV Group Inc. (DTV, $23.28, $0.34, 1.48%) and Ergen's Dish Network Corp. (DISH, $12.90, -$0.08, -0.62%) - for control of the country's sole satellite-radio operator.
U.S. financial stocks fell sharply Thursday, led by big declines in banks, amid investor concerns that the group will need to raise more capital. U.S. Bancorp (USB, $12.90, -$2.09, -13.94%), Fifth Third Bancorp (FITB, $1.95, -$0.30, -13.33%) and Zions Bancorp (ZION, $11.22, -$1.39, -11.02%) were among the worst performers.
Other Stocks In Focus:
Piper Jaffray raised its investment rating on shares of AnnTayor Stores Corp. (ANN, $6.36, $0.44, 7.35%) to buy from neutral, saying the shares are inexpensive relative to earnings and cash. Piper also raised its 2010 estimates for the women's apparel retailer, citing the company's cost-saving moves.
Coca-Cola Co. (KO, $43.94, $2.67, 6.47%) posted an 18% decrease in fourth-quarter net income on write-downs, as its bottom line was hurt by the stronger dollar. But shares rose as the soda maker's earnings still topped analysts' expectations.
Bank of America-Merrill Lynch raised its stock-investment rating on Continental Airlines Inc. (CAL, $12.59, $0.69, 5.80%) to buy from neutral. Other airlines also traded higher, including AMR Corp. (AMR, $5.13, $0.17, 3.43%), US Airways Group Inc. (LCC, $4.47, -$0.11, -2.40%) and Delta Air Lines Inc. (DAL, $6.58, $0.11, 1.70%).
DineEquity Inc. (DIN, $7.58, -$0.26, -3.32%), parent of Applebee's Neighborhood Grill & Bar and IHOP Restaurants, said late Wednesday that IHOP President Desmond Hague will resign, effective Feb. 20, to pursue a chief executive position at another company.
Ecolab Inc.'s (ECL, $32.12, -$2.13, -6.22%) fourth-quarter net income declined 29% amid a $19 million investment write-down and falling margins as the provider of cleaning and food-safety products and services said it will record a charge of $18 million in the fourth quarter and also projected first-quarter results below expectations.
Shares of Equinix Inc. (EQIX, $53.11, -$4.99, -8.59%) fell, a day after the company reported solid fourth-quarter results but trimmed its revenue guidance for the year.
Everest Re Group Ltd. (RE, $69.32, $4.74, 7.34%) swung to a fourth-quarter net loss as capital losses grew amid declining gross written premiums and revenue. But shares rose as Chief Executive Joseph V. Taranto said, "Our capital and underwriting fundamentals remain strong, and we are well-positioned to capitalize on future market opportunities."
Forestar Group Inc. (FOR, $8.56, -$0.33, -3.71%) shareholder Holland M. Ware said Thursday he is "no longer interested in acquiring the company," but remains interested as a more passive shareholder. Last month, Forestar said it received an unsolicited offer from Ware to acquire all of the diversified company's stock for $15 a share, or about $535.5 million.
Gildan Activewear Inc. (GIL, $7.79, -$2.42, -23.70%) reported lower fiscal first-quarter results and withdrew its earnings guidance for the year. The Montreal-based T-shirt maker said it suspended its earnings guidance of $1.10 to $1.30 a share - issued only a few months ago - because of the potential impact of the economic and financial crisis on the company's markets and customers.
Harley-Davidson Inc. (HOG, $11.88, -$1.53, -11.41%) slashed its quarterly dividend by 70% to 10 cents Thursday, as the motorcycle manufacturer looks for additional ways to save cash while it grapples with slumping demand and woes at its financial-services unit.
Internet infrastructure firm InfoSpace Inc. (INSP, $6.57, -$1.70, -20.56%) swung to a net loss for the fourth-quarter and predicted another loss for its second quarter.
JA Solar Holdings Co. (JASO, $2.64, -$0.38, -12.46%) again lowered its 2009 revenue target and cut its total production output, as tight credit markets and issues with project financing are expected to hurt the Chinese solar-cell manufacturer.
Las Vegas Sands Corp. (LVS, $3.50, -$0.48, -12.06%) swung to a fourth-quarter loss as earnings at its Las Vegas operations sank 81% and the casino operator said it's still trying to sell non-core assets amid a downturn in the gambling industry.
Life Technologies Corp. (LIFE, $30.53, $2.51, 8.96%) reported it swung to a fourth-quarter net loss on costs related to its acquisition of Applied Biosystems, although the company's earnings excluding items topped analysts views.
Shares of Canadian life insurers Manulife Financial Corp. (MFC, $14.67, -$1.08, -6.86%) and Sun Life Financial Inc. (SLF, $17.74, -$0.94, -5.03%) fell Thursday after both companies reported larger-than-expected losses in the fourth quarter.
Masco Corp.'s (MAS, $6.58, -$0.87, -11.68%) fourth-quarter net loss widened on sharply higher write-downs and slumping sales as the company projected 2009 results below analysts' expectations.
Nexen Inc. (NXY, $13.54, -$0.67, -4.71%) became the latest Canadian energy company to swing to a loss in the fourth quarter, hit by impairment charges and marketing losses, while a drop in oil prices ate into cash flow.
NetApp Inc. (NTAP, $16.31, $1.11, 7.30%) said it plans to cut 6% of its work force as the data-storage company said it swung to a fiscal third-quarter loss on lower sales and margins. Although revenue fell far short of Wall Street's expectations, earnings met estimates.
Power generator operator NRG Energy Inc.'s (NRG, $22.05, -$1.44, -6.13%) fourth-quarter net income more than doubled on $200 million of unrealized mark-to-market gains caused by falling commodity prices. However, analysts at CLSA noted that the company's adjusted per-share earnings were far below analysts' expectations.
yes ,I have some help here thats sharp, when he showed up for work, I brought him in the house for a cup of joe, problem solved ,I picked up a bug trying to find news on siri I am shocked it got past the security or fire wall
Which firewall do you use? I use Trend Micro...it automatically updates all of the time in the background, you don't even notice it.Quote:
Originally Posted by ray
Man o man...look at DRYS go down :)
SBLK ya! down .58 @ 2.20 that may be the one for tomorrow for me...
Brief research on LVLT reveals 6.5 billion in debt and never made a profit. Havent you guys learned anything with Sirius?
Im looking at the banks right now. As expected, BAC is coming crashing down, down 10%. Didnt think AIB would be hit this hard with it, but it is even worse for them being down over 20%. Ford is another one that got hit hard today... I think all three are strong buys at this point. Ford wont recover as quickly, but the bank stocks will jump big tomorrow or monday (or both) so if you are looking for a quick 10-15% gain, get into the banks NOW.
you are really filling up the ol tool box
I am using nod
the bug Is one that changes your IP address so a system restore took care of it . I might have to change the fire wall
I am not going to put anything into LVLT.....that was for info purposes. I have been watching BAC and mulling that over. AIB is fine....it is just following the U.S. market, I do believe. It runs pretty parallel with the U.S. market. Ford is sure tempting again....It will just take a while to rebound. It is the 2nd most shorted stock, lol, behind SIRI. (I have to find some humor in this).Quote:
Originally Posted by Newman
LVLT just got downgraded today along with CHTR Charter Communications which will go chapter 11 in the next couple of days.
LVLT is going to dive into TARP funds since they are big in broadband...that could be their saving grace, but not yet.
SBLK looks really good to me. They have done really well until yesterday and today. -.58 today @ 2.20.
Like Ray said, FNM and FRE could be great also.
There are a lot of bargains out there today.
ABK is on its way back up.
ETFC is doing good....I like it...it will take a long to see its full potential, but I am not afraid of it.
Ya, BAC is a good one.
I can't wait to get rid of AIB so I can put the money elsewhere, but it is not a do or die situation for me.
Ya, got to get it while it is cheap.Quote:
Originally Posted by ray
Sounds like a pretty nasty bug.
with a new jet fighter pilot as pres and 2 prior years in the senate.
with a blackberry and no projects complete that he has pushed and called his.
untill he gains some respect....
I predict fnm,fre abk,sblk,vc,cya,etc....
up,down,up,down,up,down
and now joe biden is going to be at an ice show in boise friday spending more money on security#%$*%%
anything you can pickup 20000 shares of and make .05 to.10 good for you
Picked up some Ford in afterhours at 1.79. I think that will be a great investment. Still think AIB and BAC will explode tomorrow. Then you can unload Bill. I may do the same...
I couldn't agree more. You summed that up well. A guy has to almost handle his stocks like a day trader to survive and make any profit. It would eventually come out in the wash anyway, but if you want to be aggressive then you have to take wild runs. It is just crazy.Quote:
Originally Posted by ray
1.79 great price. If I had money available in my account today I would have done something also, but I am going to catch SBLK in the morning provided it doesn't skyrocket before the opening.Quote:
Originally Posted by Newman
I guess I am going to have to look this over. AIB is at 2.57 right now. That is a good price......I don't know have to think......
for the price and amount of share purchase watch premarket and market open lvlt looks good
sblk?tyme and sage
sblk looks great.....down .51 today at current time 2.27. God only knows what will happen to it tomorrow. sblk is a consistent money maker....uh huh...I like it...uh huh uh huh....Quote:
Originally Posted by ray
obama is going to take his new fighter jet and fly that into the ground
long lvlt it is the obama swing
Did you buy LVLT today? or still have some?
Obama likes his new airplane. He flies in it every day.
Hey Bill/Tripp/Everyone,
Just checking in, and as always I got nothing new to add. :)
Just watching this drama unfold with SIRI.
Cross your balls, and I guess we will see what happens!!!
Here is some info for you. 79 Institutions own them. Citi as of today.
Here is the news:
http://www.marketwatch.com/news/stor...-33CDA1067B69}
Star Bulk Announces New Time Charter, Signs Its First Contract of Affreightment, Delivers Two Supramaxes to Their New Charterers, and Redeploys One Capesize
ATHENS, GREECE, Feb 06, 2009 (MARKET WIRE via COMTEX) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (SBLK:
star bulk carriers corp com
News , chart , profile , more
Last: 2.27-0.51-18.35%
4:00pm 02/12/2009
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SBLK 2.27, -0.51, -18.3%) , a global shipping company focusing on the transportation of dry bulk cargoes, announced today the following:
Star Delta
The Company has entered into a new one-year time charter contract for the Star Delta, a 52,434 dwt 2000 built Supramax vessel, at a gross daily rate of $11,250. The vessel is expected to be delivered to her new charterer by mid-February 2009.
Star Gamma
On January 27, 2009, the Company delivered the Star Gamma, a 53,098 dwt 2002 built Supramax vessel, to her next charterer. As previously announced, the 3-year contract has a gross daily average rate of $38,000.
Star Epsilon
On January 28 2009, the Company delivered the Star Epsilon, a 52,402 dwt 2001 built Supramax vessel, to her next charterer. As previously announced, the 5-year contract has a gross daily rate of $32,400.
Contract of Affreightment (COA)
The Company has entered into its first Contract of Affreightment (COA) with Brazil's Companhia Vale do Rio Doce (VALE). The contract calls for transporting approximately 700,000 tonnes of iron ore between Brazil and China in four capesize vessel shipments with the first such shipment scheduled to commence during the first quarter of 2009.
Redeployment of Star Alpha
On February 5, 2009 the Company committed the Star Alpha to the COA contract referenced above to transport iron ore between Brazil and China. The vessel was redelivered to Star Bulk by its previous charterers approximately one month earlier than the earliest date allowed under the charterparty, after having completed repairs of 25 days duration. Arbitrators' proceedings have commenced pursuant to disputes that have arisen with such previous charterers of the Star Alpha relating to vessel performance characteristics and hire. The Company has notified the charterers that it will seek additional damages in connection with the early redelivery in the current arbitration.
Akis Tsirigakis, CEO of Star Bulk, commented: "We consider the signing of our first COA with a major global mining company as an important milestone in the development of our company. Further, the new one-year time charter for the Star Delta, the delivery of two of our Supramaxes to their charterers and the procurement of new employment for the Star Alpha enhance our fleet contract coverage and cash flow visibility. Moving forward we will continue to explore constructive ways to secure the Company's revenues in response to this challenging period."
About Star Bulk
Star Bulk is a global shipping company providing worldwide seaborne transportation solutions in the dry bulk sector. Star Bulk's vessels transport major bulks, which include iron ore, coal and grain and minor bulks such as bauxite, fertilizers and steel products. Star Bulk was incorporated in the Marshall Islands on December 13, 2006 and is headquartered in Athens, Greece. Its common stock and warrants trade on the Nasdaq Global Market under the symbols "SBLK" and "SBLKW" respectively. Currently, Star Bulk has an operating fleet of twelve dry bulk carriers. The total fleet consists of four Capesize, and eight Supramax dry bulk vessels with an average age of approximately 9.7 years and a combined cargo carrying capacity of 1,106,250 deadweight tons.
Forward-Looking Statements
The information in this press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding: (1) the delivery and operation of assets of Star Bulk; (2) Star Bulk's future operating or financial results; (3) future, pending or recent acquisitions, business strategy, areas of possible expansion, and expected capital spending or operating expenses; (4) drybulk market trends, including charter rates and factors affecting vessel supply and demand; and (5) other statements identified by words such as "anticipate," "believe," "plan," "estimate," "expect," "intend," "should," "may," or words of similar meaning.
Such forward-looking statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Star Bulk's examination of historical operating trends, data contained in their records and other data available from third parties. Although Star Bulk believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond its control, Star Bulk cannot assure you that Star Bulk will achieve or accomplish these expectations, beliefs or projections. Important factors that could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of a seller to deliver one or more vessels, the strength of world economies and currencies, general market conditions, including changes in charterhire rates and vessel values, changes in demand that may affect attitudes of time charterers to scheduled and unscheduled drydocking, changes in Star Bulk's operating expenses, including bunker prices, dry-docking and insurance costs, or actions taken by regulatory authorities, potential liability from pending or future litigation, domestic and international political conditions, potential disruption of shipping routes due to accidents and political events or acts by terrorists. Additional factors that could cause Star Bulk's results to differ materially from those described in the forward-looking statements can be found in Star Bulk's Registration Statement on Form F-1/F-4, Annual Report on Form 20-F for the year ended December 31, 2007 and reports on Form 6-K filed with the Securities and Exchange Commission (the "SEC") and available at the SEC's Internet site ( http://www.sec.gov). The information set forth herein speaks only as of the date hereof, and Star Bulk disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication.
Contacts:
Company:
George Syllantavos
CFO
Star Bulk Carriers Corp.
7 Fragoklisias Street
Maroussi 15125
Athens, Greece
E-mail: ir@starbulk.com
www.starbulk.com
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