LocateStock.com Daily High Five For Wednesday February 20, 2008

 

Jersey City, NJ – February 20, 2008

The LocateStock.com HIGH FIVE for Wednesday, February 20^th are:

5 – Doral Financial – NYSE:DRL

4 – IHOP Corp. – NYSE:IHP

3 – DryShips – NASDAQ:DRYS

2 – E*TRADE Financial – NASDAQ:ETFC

1 – Arthrocare – NASDAQ:ARTC

Doral Financial Corporation, (NYSE:DRL) through its subsidiaries, provides a range of financial services primarily in Puerto Rico and New York. The company operates through four segments: Mortgage Banking, Banking, Insurance Agency, and Institutional Securities.

* On February 5, Doral declared the regular monthly cash dividends on the Company's 7% Noncumulative Monthly Income Preferred Stock, Series A (the "Series A Preferred Stock"), 8.35% Noncumulative Monthly Income Preferred Stock, Series B (the "Series B Preferred Stock") and 7.25% Noncumulative Monthly Income Preferred Stock, Series C (the "Series C Preferred Stock") for the quarter. Shares of DRL lost 51 cents or 2.60% to $19.10 on the NYSE Tuesday.

IHOP Corp. (NYSE:IHP) and its subsidiaries develop, franchise, and operate International House of Pancakes (IHOP) restaurants in the United States and Canada. Its family restaurants feature table service, and food and beverage items.

* On Monday IHOP filed a Form 8K/A with the SEC or Financial Statements of Businesses Acquired. Shares of IHP fell 47 cents or 1.15% to $40.48 Monday.

DryShips, Inc. (NASDAQ:DRYS) engages in the ownership and operation of drybulk carriers worldwide. The company's fleet carries various drybulk commodities, including coal, iron ore, and grains, bauxite, phosphate, fertilizers, and steel products.

* Drybulk shipper DryShips fell Friday after reporting its fourth-quarter earnings soared more than fivefold. On Thursday after market close DryShips reported Q4 (Dec) earnings of $4.50 per share, excluding non-recurring items, $0.43 better than the First Call consensus of $4.07; revenues rose 195.1% year/year to $233.4 mln vs the $208.8 mln consensus. Shares of DRYS lost more than 4% on Friday, but made a comeback in Tuesday's session to gain $3.12 or 3.86% to $83.85.

E*TRADE Financial Corporation, (NASDAQ:ETFC) through its subsidiaries, offers financial solutions to retail and institutional customers worldwide. It provides retail investments and trading, which include automated order placement, and execution of market and limit equity, futures, options, exchange-traded funds, mutual funds, and bond orders, as well as offers quick transfer, wireless account access, extended hours trading, quotes, and research and advanced planning tools.

* According to data released by E*Trade last Wednesday, daily average revenue trades rose nearly 22% in January, while total retail client assets fell more than 12%. The company, in a statement, said its daily average revenue trades rose to 211,978, up 18.8% from a month earlier and 21.5% from the prior January. ETFC shares lost 12 cents or 2.34% $5.01 on Tuesday.

ArthroCare Corporation (NASDAQ:ARTC) engages in the design, development, manufacture, and marketing of medical devices for use in soft-tissue surgery primarily in the United States and internationally. Its products are based on the patented soft-tissue surgical controlled ablation technology.

* After market close on Tuesday Arthrocare reported earnings results for the quarter and year ended December 31, 2007. Total revenue increased 25% to $87.5 million, while the year net income increased 78% to $14.5 million, or $0.50 per diluted share. Shares of ARTC gained $1.41 or 3.41% to $42.78 on the NASDAQ. The stock lost 5.8% in after-hours trading.

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.