LocateStock.com Daily High Five For Tuesday April 15, 2008

Jersey City, NJ – April 15, 2008

The LocateStock.com HIGH FIVE for Tuesday, April 15^th are:

5 – IHOP Corp. – NYSE:IHP

4 – Sirius Satellite Radio – NASDAQ:SIRI

3 – BlackRock Corporate High Yield Fund – NYSE:COY

2 – Lehman Brothers – NYSE:LEH

1 – Circuit City – NYSE:CC

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.

 

* Shares of pancake-house operator IHOP rose last Friday after the company, which also owns the Applebee's casual-dining chain, reported its same-store sales rose at both chains in the first quarter. After market close on Thursday, the company said its same-store sales, or sales at locations open at least a year, rose 3.7 percent at its namesake chain and edged up 0.5 percent at Applebee's. Shares of IHP lost $1.78 or 3.52% to $48.77 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 announced last Friday that SIRIUS OutQ, America's first 24/7 radio channel for the lesbian, gay, bisexual and transgender community, will broadcast a two-hour retrospective as part of SIRIUS OutQ's fifth anniversary on the air. SIRIUS OutQ News: Five Years in Review premieres Monday, April 14 at 5:00 pm ET exclusively on OutQ channel 109. The stock hit a fresh new low on Monday, falling  4 cents or 1.61% to $2.44.

 

BlackRock Corporate High Yield Fund, Inc. (NYSE:COY) operates as a diversified, closed-end management investment company. It invests primarily in corporate bonds, preferred stocks, and short-term securities.

 

* At the beginning of the month on April 1^st, BlackRock Corporate High Yield Fund announced a dividend distribution of $0.061. Shares of COY were thinly traded on Friday to end the day up 1 cent or .14% to $7.08.   

 

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.

* Lehman is planning to invest up to $1 billion in a fund it will use to buy stakes in hedge fund managers, a person familiar with the matter said on Monday. The fund is expected to raise roughly $3 billion and will be run from London and New York. Meanwhile, shares of investment banks fell on Monday after Bear Stearns said it is likely to take $288 million in impairment charges in the second quarter. Shares of LEH began the week down 49 cents or 1.23% to $39.38 on Monday.

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.

* Circuit City shares rocketed 27.44% after Blockbuster made an unsolicited $1.35 billion bid for the electronics retailer. Blockbuster is offering $6 to $8 a share to Circuit City shareholders, however as of last quarter, Blockbuster was reported to have roughly $185 million on its books. CC rose $1.07 to $4.97 on the news.

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