LocateStock.com Daily High Five For Tuesday April 8, 2008

Jersey City, NJ – April 8, 2008

The LocateStock.com HIGH FIVE for Tuesday, April 8^th are:

 

5 – IHOP – NYSE:IHP

4 – Sirius Satellite Radio – NASDAQ:SIRI

3 – Lehman Brothers – NYSE:LEH

2 – Washington Mutual – NYSE:WM

1 – EMCORE Corp. – NASDAQ:EMKR

 

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.

 

* IHOP on Monday announced that its Board of Directors declared a quarterly cash dividend of $0.25 per common share payable May 20, 2008 to shareholders of record as of May 1, 2008. Shares of IHP rose $1.93 or 4.20% to $47.93 on Monday.

Sirius Satellite Radio, Inc. (NASDAQ:SIRI) provides satellite radio services in the United States. It offers commercial-free music channels that provide a selection of music genres, such as rock, pop, hip-hop, country, dance, jazz, Latin, and classical; and channels of sports, news, talk, entertainment, traffic, weather, and data content.

* Sirius Satellite Radio shares wavered to close unchanged last Friday after an analyst downgraded the stock, saying the expense of Sirius' buyout of rival XM Satellite Radio will keep the stock around its current price. Credit Suisse analyst Brian Kraft downgraded the stock to "Neutral" from "Outperform" and trimmed his target price to $3 per share from $3.75. He said the cost of the buyout will offset the savings in the short term. Shares of SIRI lost 5 cents or 1.79% to $2.74 on Monday.

 

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 offering rocketed the stock 18% in one day, but the stock fell the remainder of the week. Shares of LEH closed Monday up 55 cents or 1.25% to $44.60. The stock ended last week up, 17%.  

Washington Mutual, Inc., (NYSE:WM) together with its subsidiaries, operates as a consumer and small business banking company in the United States. It operates in four segments: Retail Banking Group, Card Services Group, Commercial Group, and Home Loans Group.

* Shares in Washington Mutual rose sharply on Monday as a group of investors led by private equity group TPG prepared to invest more than $5 billion in the company. The move, expected to be announced as early as Tuesday, is the latest re-capitalization in the financial services industry as banks and lenders see their capital eroded by big losses from the mortgage crisis. WM rocketed $2.98 or 29.30% to $13.15 on the news Monday.

EMCORE Corporation (NASDAQ:EMKR) provides compound semiconductor-based components and subsystems for the broadband, fiber optic, satellite, and terrestrial solar power markets. The company's Fiber Optics segment offers optical components, subsystems, and systems that enable the transmission of video, voice, and data over fiber optic cables for high-speed data and telecommunications, cable television, and fiber-to-the-premises networks.

* Emcore Corp. rose sharply on Monday after it said it will spin off its solar business as a separate company. The Albuquerque, N.M.-based company said after the markets closed Friday that it would prepare to separate its fiber optics and photovoltaic businesses into separate corporations over the coming months. It did not set a date for the spinoff. Shares of EMKR rose 23 cents or 3.39% to $7.01 on Monday.

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