4 –
3 – RMK Strategic Income Fund – NYSE:RSF
2 – BIDZ.com – NASDAQ:BIDZ
1 – CarMax – NYSE:KMX
* Focus Media Holding Limited earnings conference call for the third-quarter of 2007 is scheduled for Monday, November 19th at
Downey Financial Corp. (NYSE:DSL) operates as the holding company for Downey Savings and Loan Association, F.A. that provides various financial services to individual and corporate customers. It attracts funds from the general public and institutions; and originates and invests in loans, such as residential real estate mortgage loans, investment securities, and mortgage-backed securities; and originates and sells loans to investors in the secondary markets.
* Downey Financial shares soared Monday after Hilltop Holdings reported a 6.8% stake in the bank holding company, and said it is evaluating the company for a potential acquisition or strategic transaction. Shares of DSL touched down on a new, 52-week low Monday. Just last Thursday, Downey Financial stock slipped to a previous low after the bank reported its assets are shrinking and credit quality is decaying. Shares of DSL gained $3.59 or 11.97% to $33.58 Monday.
RMK Strategic Income Fund, Inc. (NYSE:RSF) operates as a diversified and closed-end management investment company. The fund primarily invests in debt securities and equity securities.
* Last Thursday, the Board of Directors of RMK Strategic Income Fund declared three monthly distributions of $0.10 per share. Monthly distributions will be payable on December 18, 2007, January 18, 2008 and February 20, 2008 to stockholders of record on December 11, January 11 and February 13, respectively. Ex-dividend dates are December 7, January 9 and February 11. Shares of RSF traded up 8 cents or 1.57% to $5.16 on the NYSE Monday.
BIDZ.com, Inc. (NASDAQ:BIDZ) operates as an online retailer of jewelry primarily in the
* Last week, the online jewelry retailer BIDZ.com reported a third-quarter profit of $3.6 million, or 14 cents a share, compared with $1 million, or 4 cents a share, in the year-ago quarter. Analysts were looking for EPS of 11 cents. Shares of the
CarMax, Inc., (NYSE:KMX) through its subsidiaries, operates as a retailer of used vehicles in the
* One of Buffett's recent additions is used-car retailer, CarMax. Buffett's Berkshire Hathaway last week disclosed that it has bought nearly 14 million shares of the company, and on Monday, according to a Securities and Exchange Commission filing, the chief financial officer and executive vice president of CarMax exercised options for 120,000 shares of common stock. In two Form 4s filed with the SEC Friday, Keith Browning reported he exercised the options last Wednesday for $2.44 a piece and then sold all the shares the same day for $21.39 to $21.77 apiece. KMX shares lost 78 cents or 3.29% to $21.45 on the NYSE.
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.
CONTACT: pressrelease@locatestock.com / 201-332-6800
SOURCE: Locate Stock, Inc.
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