Jersey City, NJ – February 28, 2008
The LocateStock.com HIGH FIVE for Thursday, February 28th are:
5 – IHOP – NYSE:IHP
4 – Yingli Green Energy – NYSE:YGE
3 – Ambac – NYSE:ABK
2 – MBIA – NASDAQ:MBI
1 – DryShips – NASDAQ:DRYS
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 Wednesday, 2/27 IHOP reported a fourth-quarter loss, which it attributed in part to its $2 billion acquisition of Applebee's on Nov. 29. The company lost $16 million, or 94 cents a share, for the fourth quarter. Shares were up on 2008 guidance for a 2% to 4% increase in same-pancake house sales, or sales from pancake houses open at least a year. For Applebee's, IHOP forecast a 1% to 2% increase in same-neighborhood bar sales. Shares of IHP jumped $3.85 or 9.62% to $43.85 on Wednesday.
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.
* On Wednesday, 2/27 Banc of America downgraded shares of Yingli Green to "Neutral" from "Buy." The analyst also downgraded shares of JA Solar Holdings to "Neutral" from "Buy," and cut his rating on Solarfun Power Holdings to "Sell" from "Neutral" and downgraded Trina Solar shares to "Sell" from "Buy." He cut his price target on all four stocks. Shares of YGE plummeted $2.17 or 11.38% to $16.90 on Wednesday.
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.
* Goldman Sachs Asset Management has cut its stake in bond insurer Ambac Financial Group to 2.3%, according to a regulatory filing on Wednesday, 2/27. According to the filing with the Securities and Exchange Commission, Goldman Sachs owns about 2.4 million shares, or a 2.3%stake in the New York-based company. Shares of ABK traded semi-flat to lose 12 cents or .98% to $12.07 on Wednesday.
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.
* Chief Executive Jay Brown on Wednesday, 2/27 said he does not expect rating agencies Moody's Investors Service and Standard & Poor's to take any action on the company's ratings for up to 18 months. A day earlier Moody's reaffirmed its rating on the bond insurer while S&P did the same the previous day. Shares of MBI were up 25% before losing 43 cents or 2.81% to $14.85 on Wednesday.
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.
* A CNBC caller asked Pete Najarian of CNBC what he thought of DryShips. Mr. Najarian said it's a volatile sector, but that it could be a buying opportunity in DRYS.
Shares of DRYS started the week off in low tide, losing more than 9.5%, only to gain $1.50 or 1.89% to $80.71 on Wednesday.
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.
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