Jersey City, NJ – March 24, 2008
The LocateStock.com HIGH FIVE for Monday, March 24th are:
5 – Sealy Corp. – NYSE:ZZ
4 – Ambac Financial Group – NYSE:ABK
3 – Corus Bankshares – NASDAQ:CORS
2 – PC Mall Inc. – NASDAQ:MALL
1 – Lehman Brothers – NYSE:LEH
Sealy Corporation (NYSE:ZZ) engages in the manufacture and marketing of a line of bedding products in the United States and internationally. It offers mattresses and mattress foundations.
* Last Wednesday, Moody's Investor Service revised Sealy's rating outlook to negative following the company's weaker-than-expected operating performance and concerns that the company may breech a financial covenant over the next year if its operating performance continues to slow. The rating agency noted that although the company's performance may improve in the second half of 2008, it is concerned that deteriorating consumer spending could further challenge Sealy. Shares of ZZ finished flat on its back Thursday at $7.35.
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.
* Citi Investment Research analyst downgraded Assured Guaranty last Thursday, saying distress in the financial markets could threaten the bond insurer's stock. The Citi analyst cut the rating on Assured Guaranty to "Hold" from "Buy." Shares of ABK rocketed 86 cents or 14.73% to $6.70 on Assured Guaranty's news on Thursday.
Corus Bankshares, Inc. (NASDAQ:CORS) operates as the holding company for Corus Bank, N.A. that offers various banking products and services. It primarily engages in generating deposits and originating loans.
* On Thursday shares of Corus Bankshares gained 50 cents or 5.02% to $10.46 on no news.
PC Mall, Inc. (NASDAQ:MALL) operates as a rapid response direct marketer of computer hardware, software, peripherals, electronics, and other consumer products and services. Its product portfolio comprises notebooks, desktops and servers, software, home electronics, printers and related supplies, storage and related supplies, displays, network and telecommunications, accessories, memory, and input devices.
* Last Wednesday, PC Mall announced that Joseph Hayek has joined the Company as Executive Vice President, Corporate Development and Investor Relations. Mr. Hayek will be responsible for optimizing PC Mall's strategic and corporate development efforts, with a particular focus on strategic acquisitions and other growth opportunities, and will also lead the company's investor relations efforts. Shares of MALL rocketed $6.59 or 88.10% to $14.07 on Thursday.
Lehman Brothers Holdings, Inc., (NYSE:LEH) through its subsidiaries, provides various financial services to corporations, governments and municipalities, institutions, and high-net-worth individuals worldwide. The company operates in three segments: Capital Markets, Investment Banking, and Investment Management.
* On Friday, Standard & Poor's, in a continuing sign of loss of confidence in investment banks' profitability, put Goldman Sachs Group and Lehman Brothers Holdings on negative outlook, lowering them from stable. Shares of LEH came gained $6.42 or 15.20% to $48.65 on Thursday to end the week up more than 53%.
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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