LocateStock.com Daily High Five For Wednesday February 27, 2008

Jersey City, NJ – February 27, 2008

The LocateStock.com HIGH FIVE for Wednesday, February 27^th are:

5 – Arthrocare – NASDAQ:ARTC

4 – DryShips – NASDAQ:DRYS

3 – Meritage Homes Corporation – NYSE:MTH

2 – Ambac – NYSE:ABK

1 – MBIA – NYSE:MBI

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.

* Arthrocare announced on Tuesday, 2/26 that its Board of Directors has approved the additional repurchase of up to $75 million of its outstanding common stock. The company has fully utilized its prior share repurchase authorization. The company said that the shares may be purchased from time to time at prevailing prices in the open market, by block purchases, or in privately-negotiated transactions. The timing and amount of shares repurchased will be determined by the company's management based on its evaluation of market conditions and other factors. The company had approximately 26.8 million shares outstanding as of December 31, 2007. Shares of ARTC were down 19 cents or .46% to $40.73 after losing 1% the previous session on 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.

* Shares of drybulk shippers slipped in trading on Tuesday, 2/26 as investors seemed to slough off news of new charter contracts and a key shipping index edging upward. Dahlman Rose analyst Omar Notka said that as more ships are secured under time charters, demand is increasing on the spot market, which in turn, is driving up vessel rates. Shares of DRYS started the week off in low tide, losing $5.57 or 6.57% to $79.21 on Tuesday after losing more than 3% on Monday.

Meritage Homes Corporation (NYSE:MTH) engages in the design and building of single-family attached and detached homes in the southern and western United States. The company offers homes for a range of homebuyers, including first-time, move-up, luxury, and active adult buyers in 14 metropolitan areas in Arizona, Texas, California, Nevada, Colorado, and Florida.

* Meritage Homes announced on Tuesday, 2/26 that executive management will make a presentation to the investment community on Friday, February 29, 2008 at 9:00 a.m. PST (12:00 p.m. EST) at the Wachovia Homebuilding and Building Products Conference in Las Vegas. The audio portion of the Company's presentation will be webcast live and may be accessed, along with the presentation materials, through the "Investor Relations'" page of the Meritage Homes website, http://www.meritagehomes.com. Participants should access the webcast event page at least five minutes before the live event. An archived version of the Company's presentation will also be available on this site following the presentation. Shares of MTH were up 34 cents or 2.06% to $16.84 on Tuesday.

Ambac Financial Group, Inc., (NYSE:ABK) through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. It operates in two segments: Financial Guarantee and Financial Services.

* It was announced on Tuesday, 2/26 that the group of banks working to bail out Ambac Financial Group includes private equity and other financial firms that have no exposure to the troubled bond insurer. The banks include Citigroup and Wachovia have worked out a framework to inject up to $3 billion in capital into Ambac. Shares of ABK lost 22 cents or 1.77% to $12.19 Tuesday after rising about 16% on Monday.

MBIA, Inc., (NYSE:MBI) through its subsidiaries, provides financial guarantee insurance and credit protection products, as well as investment management services to public finance and structured finance issuers and investors, and capital market participants worldwide. It operates through two segments, Insurance and Investment Management Services.

* In an MBIA press release on Tuesday, 2/26 the company said "are very pleased that Moody's has now joined Standard & Poors in affirming our Triple-A rating, adding to the growing confidence among our shareholders and issuers that MBI continues to play a vital role in the bond market," said Jay Brown, Chairman and Chief Executive Officer of MBI. "This reaffirmation is a major step in our five-year transformation plan. MBIA's claims paying resources are many multiples of our estimated loss exposure. In fact, the entire U.S. mortgage market would have to realize ultimate losses many times greater than any credible prediction before MBIA's ability to meet its policyholder obligations would be compromised." MBIA's rating was reaffirmed by S&P the previous day. Shares of MBI

rose an additional 70 cents or 4.80% to $15.28 after surging 20% a day earlier.

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

 

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