Daily High Five For Monday August 20, 2007
Jersey City, NJ – August 20, 2007
The LocateStock.com HIGH FIVE for Monday, August 20th are:
5 – Home Solutions of America – NASDAQ:HSOA
4 – FirstFed Financial – NYSE:FED
3 – Chemical Financial – NASDAQ:CHFC
2 – Yingli Green Energy – NYSE:YGE
1 – Thornburg Mortgage – NYSE:TMA
Home Solutions of America, Inc. (NASDAQ:HSOA) provides restoration, construction, and interior services to commercial and residential properties in the United States. It operates through two segments, Restoration and Construction Services, and Interior Services.
* On Friday, 8/17 Home Solutions said it was seeking lender consent to make payments to Brian Marshall, a director and executive vice president, as part of a deal related to the Fireline Restoration seller note. In a statement, the company said that if they did not get their consent, it would restructure Marshall's agreement to avoid the triggering of a default. HSOA shares were down 95 cents or 23.46% to $3.10 on the NASDAQ on Friday.
FirstFed Financial Corp., (NYSE:FED) operates as a holding company for First Federal Bank of California that provides various banking services in California. The bank engages in generating deposits and originating loans.
* On Thursday, 8/16 FirstFed Financial announced it will be relocating its corporate headquarters and back office operations early next year to a facility across the street from the Playa Vista Development. The flagship branch at 401 Wilshire Boulevard will remain and continue to serve the financial needs of its local community. Additionally, the 401 Wilshire Boulevard offices will continue to be the home for the Bank's Wealth Management & Trust Division and a Commercial Banking Office as well as for a smaller corporate executive office. FED shares gained $3.29 or 7.31% to $48.29 in NYSE trading on Friday, 8/17.
Chemical Financial Corporation (NASDAQ:CHFC) operates as the holding company for Chemical Bank that provides commercial banking products and services in the state of Michigan. It generates deposits and originates loans.
* On Friday, 8/17 Chemical Financial filed their quarterly report with the SEC in a Form 10-K. The Corporation's net income was $9.5 million in the second quarter of 2007, down 22.2% from net income of $12.2 million in the second quarter of 2006. Diluted earnings per share were $0.39 in the second quarter of 2007, down 20.4% from diluted earnings per share of $0.49 in the second quarter of 2006. The decreases in net income and earnings per share were primarily the result of a decrease in net interest income and increases in the provision for loan losses and operating expenses. Shares of CHFC rose $1.54 or 5.89% to $27.69 in NASDAQ trading on Friday.
Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.
* Shares of solar cell makers fell during last Thursday’s market sell off and Yingli Green Energy was among the solar cell market losers on that day. Shares of Yingli gave up 17.2% in the session after reporting second-quarter earnings the previous day, of 6 cents per share for the quarter on $118.4 million in revenue. Adam Hinckley, a CIBC World Markets analyst said the results were "very solid." However, Hinckley also said the company's margins could fall because prices are declining and the cost of polysilicon, a material used to build solar cells, is still high. YGE shares covered some of Thursday’s losses in Friday’s trading session, gaining 91 cents or 6.68% to $14.53 in NYSE trading.
Thornburg Mortgage, Inc. (NYSE:TMA) operates as a single-family residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets.
* Shares of Thornburg Mortgage rallied 21.49% on Friday, 8/17 as AG Edwards analyst Greg Mason, upgraded the lender from sell to hold. Mason said a lower discount rate will flood banks with more cash, meaning they will be less likely to demand their money back from Thornburg. Shares of Thornburg rose $2.66 to $15.04 on the NYSE. Earlier Friday morning, the stock was down more than 50 percent for the year.
The daily HIGH FIVE stocks are determined by the company’s proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest¬ stocks to short that day.
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
The LocateStock.com HIGH FIVE for Monday, August 20th are:
5 – Home Solutions of America – NASDAQ:HSOA
4 – FirstFed Financial – NYSE:FED
3 – Chemical Financial – NASDAQ:CHFC
2 – Yingli Green Energy – NYSE:YGE
1 – Thornburg Mortgage – NYSE:TMA
Home Solutions of America, Inc. (NASDAQ:HSOA) provides restoration, construction, and interior services to commercial and residential properties in the United States. It operates through two segments, Restoration and Construction Services, and Interior Services.
* On Friday, 8/17 Home Solutions said it was seeking lender consent to make payments to Brian Marshall, a director and executive vice president, as part of a deal related to the Fireline Restoration seller note. In a statement, the company said that if they did not get their consent, it would restructure Marshall's agreement to avoid the triggering of a default. HSOA shares were down 95 cents or 23.46% to $3.10 on the NASDAQ on Friday.
FirstFed Financial Corp., (NYSE:FED) operates as a holding company for First Federal Bank of California that provides various banking services in California. The bank engages in generating deposits and originating loans.
* On Thursday, 8/16 FirstFed Financial announced it will be relocating its corporate headquarters and back office operations early next year to a facility across the street from the Playa Vista Development. The flagship branch at 401 Wilshire Boulevard will remain and continue to serve the financial needs of its local community. Additionally, the 401 Wilshire Boulevard offices will continue to be the home for the Bank's Wealth Management & Trust Division and a Commercial Banking Office as well as for a smaller corporate executive office. FED shares gained $3.29 or 7.31% to $48.29 in NYSE trading on Friday, 8/17.
Chemical Financial Corporation (NASDAQ:CHFC) operates as the holding company for Chemical Bank that provides commercial banking products and services in the state of Michigan. It generates deposits and originates loans.
* On Friday, 8/17 Chemical Financial filed their quarterly report with the SEC in a Form 10-K. The Corporation's net income was $9.5 million in the second quarter of 2007, down 22.2% from net income of $12.2 million in the second quarter of 2006. Diluted earnings per share were $0.39 in the second quarter of 2007, down 20.4% from diluted earnings per share of $0.49 in the second quarter of 2006. The decreases in net income and earnings per share were primarily the result of a decrease in net interest income and increases in the provision for loan losses and operating expenses. Shares of CHFC rose $1.54 or 5.89% to $27.69 in NASDAQ trading on Friday.
Yingli Green Energy Holding Company Limited, (NYSE:YGE) through its subsidiary, Baoding Tianwei Yingli New Energy Resources Co., Ltd., engages in the design, development, marketing, manufacturing, and installation and sale of photovoltaic products in the People's Republic of China and internationally. Its products include polysilicon ingots and wafers, photovoltaic cells and modules, and integrated photovoltaic systems.
* Shares of solar cell makers fell during last Thursday’s market sell off and Yingli Green Energy was among the solar cell market losers on that day. Shares of Yingli gave up 17.2% in the session after reporting second-quarter earnings the previous day, of 6 cents per share for the quarter on $118.4 million in revenue. Adam Hinckley, a CIBC World Markets analyst said the results were "very solid." However, Hinckley also said the company's margins could fall because prices are declining and the cost of polysilicon, a material used to build solar cells, is still high. YGE shares covered some of Thursday’s losses in Friday’s trading session, gaining 91 cents or 6.68% to $14.53 in NYSE trading.
Thornburg Mortgage, Inc. (NYSE:TMA) operates as a single-family residential mortgage lending company. It originates, acquires, and retains investments in adjustable and variable rate mortgage (ARM) assets.
* Shares of Thornburg Mortgage rallied 21.49% on Friday, 8/17 as AG Edwards analyst Greg Mason, upgraded the lender from sell to hold. Mason said a lower discount rate will flood banks with more cash, meaning they will be less likely to demand their money back from Thornburg. Shares of Thornburg rose $2.66 to $15.04 on the NYSE. Earlier Friday morning, the stock was down more than 50 percent for the year.
The daily HIGH FIVE stocks are determined by the company’s proprietary, internal algorithmic calculators. The result is five securities that are the most sought after to borrow, and have proven to be the hottest¬ stocks to short that day.
LocateStock.com is the premier electronic securities lending company providing revolutionary, real-time, hard-to-borrow stock locates and market data to hedge funds and professional traders seeking an efficient and private way to borrow stock associated with short sales. The Company recently launched LocateStock TV, a daily financial news show that highlights stock inventory that is available for short sellers to legally borrow and stay in compliance with Regulation SHO.
For an in-depth market analysis on each individual, hard to borrow stock, tune in daily to LocateStock TV, on http://www.locatestock.com/pressrelease.html
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
Labels: HSOA FED CHFC YGE TMA

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