Monday, April 7, 2008
LocateStock.com Daily High Five For Monday April 7, 2008

Jersey City, NJApril 7, 2008

The LocateStock.com HIGH FIVE for Monday, April 7th are:

 

5 – American Capital Strategies – NASDAQ:ACAS

4 – Circuit City – NYSE:CC

3 – MBIA Inc. – NYSE:MBI

2 – Basin Water – NASDAQ:BWTR

1 – Lehman Brothers – NYSE:LEH

 

American Capital Strategies, Ltd. (NASDAQ:ACAS) is a principal investment firm specializing in management and employee buyouts, acquisitions, add-on acquisitions, securitizations, special situations, and growth capital investments in middle market companies. The firm also invests in early stage private and public companies.

 

* A Jefferies & Co. analyst cut his rating on American Capital Strategies last Tuesday, saying the investment firm is unlikely to generate the same kind of returns it has in the past. The stock was downgraded to "Underperform" from "Hold." Shares of ACAS fell 50 cents or 1.42% to 34.61 on Friday.

 

Circuit City Stores, Inc. (NYSE:CC) operates as a specialty retailer of consumer electronics, home office products, entertainment software, and related services. It sells brand-name consumer electronics, personal computers, entertainment software, and related services in Circuit City stores in the United States and via Web sites, www.circuitcity.com and www.firedog.com.

 

* Slumping electronics retailer Circuit City Stores will report fiscal fourth-quarter earnings this Wednesday. The company is losing market share to rival Best Buy. Over the weekend, Circuit City Stores said it will meet with the head of shareholder Wattles Capital Management LLC, which has proposed its own slate of five directors for the electronics retailer, to "possibly facilitate a more productive dialogue" between the parties. CC was up 28 cents or 6.22% to $4.78 on Friday.

 

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.

* Credit rating agency Fitch Ratings said Friday it cut the critical financial strength rating of MBIA because the bond insurer does not have enough spare capital to warrant a top-notch rating. Fitch cut the rating to "AA" from "AAA" and was also placed on negative outlook, which is a long-term view of the company. Shares of MBIA lost 68 cents or 4.76% to $13.61 on Friday.


Basin Water, Inc. (NASDAQ:BWTR) engages in the design, building, and implementation of systems for the treatment of contaminated groundwater. The company offers ion-exchange treatment system that reduces groundwater contaminant levels. Its system is installed at the site of the well to treat varying volumes of water.

 

* Basin Water dropped 32 cents or 5.08% to $5.98 Friday on no news.

 

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.

* Last week's announcement that Lehman would raise $4 billion through a preferred stock the news but fell in the following two sessions. Shares of LEH closed Friday up 7 cents or 1.69% to $44.05. The stock closed the week up, 17%.  

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, LLC

 

 

 

 


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