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Understood. The market is getting slammed today.
The markets are getting the HAMMER today. What's hot in pennyland ?
Good afternoon mick.
CROX 9.82 "red light special" , chart;
This message is not to be considered a solicitation to buy or sell securities. Any information listed is for informative purposes only.
QTWW 2.63 , a nice chart too : http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29494527
The DOWn Jones ( not down much though ) DJIA 12,369.07 134.75 (1.08%) / GM Auto Sales Plummet
2:00p ET June 3, 2008 (Briefing.com)
The major indices extend their losses as disappointing auto sales data from General Motors (GM 17.20, -0.24) hits the wires. General Motors reported May North American sales fell 28%, compared to the expected decline of roughly 20%. Truck sales plummeted 39%, while car sales fell 17%. GM's stock reverses into the red, going from a gain of 4.2% to a loss of 1.4%. GM announced early this morning that it is closing four North America auto plants in an effort to cut costs. The stock market is now down 0.8% after being up as much as 0.5%.
This message is not to be considered a solicitation to buy or sell securities. Any information listed is for informative purposes only.
Thanks :) I'm in CROX today. It reached my target price of 9.80 on the recent dip. It's my "summer retail play " LOL
Good afternoon prettynpink & all.
What's hot for tomorrow into next week? Pennywise :)
Very nice!
Good evening sir :)
It sure did but not as much as I wanted :). In NM 12.25 for a gamble on the dip of weak earnings.
It looks like the board mods here are taking a nice early summer vacation.
Mad Money Jim Cramer pickeds "KDN" tonight as his stealth wind play. They have a 50% marketshare supplying the components ( ex: ball bearings ) of the wind mills for wind energy.
I just added your board to my " fav's " ;)
HUN new HOD 22.50 +.31, not $28 yet, but it may happen.
$ 28 cash takeover offer approved by shareholders:
http://www.marketwatch.com/news/story/huntsman-shareholders-approve-takeover-hexion/story.aspx?guid=%7B693418DD%2DC897%2D41A7%2D98DC%2D91FF8D5B9D8C%7D&dateid=39371.5184040741-908393787
Date Name Shares Stock Transaction
03/14/2008 PETER R HUNTSMAN
President & Chief Executive Officer 5,000 HUN Open Market Purchase
Cost $118,500.00
03/14/2008 PETER R HUNTSMAN
President & Chief Executive Officer 5,000 HUN Open Market Purchase
Cost $119,000.00
http://www.marketwatch.com/tools/quotes/insiders.asp?symb=HUN&sid=1935700&dist=TQP_Nav_insider_actions
I currently own shares of HUN .....
Very nice.
Mickey ! :)
Sims Joint Venture Acquires Pacific Coast Recycling, LLCLast update: 5/27/2008 8:30:04 AMCHICAGO & SYDNEY, Australia, May 27, 2008 (BUSINESS WIRE) -- Sims Group Limited announced today that SA Recycling - a joint venture between Sims Group and Adams Steel - has purchased Long Beach, California based Pacific Coast Recycling, LLC (PCR) from Mitsui & Co. Ltd. and its 100% subsidiary Mitsui & Co. (USA), Inc. The financial terms of the deal, including price, were not disclosed. PCR operates seven facilities in California - including locations in the Port of Long Beach, San Diego, Fontana, and South Gate - processing both ferrous and nonferrous scrap metal with annual shipments of approximately 1 million metric tons. Cautionary Statements Regarding Forward-Looking Information This release may contain forward-looking statements, including statements about Sims Group Limited's financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project" and other similar words and expressions. These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission, including the risk factors described in the Registration Statement on Form F-4 we filed with the United States Securities and Exchange Commission on 8 February 2008. Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release. All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release. About Sims Group Limited Sims Group Limited, which recently merged with Metal Management Inc, () is the world's largest listed metal recycler with over 200 operations globally. Sims' core business is metal recycling, with an emerging business in recycling solutions. Sims earns around 80 per cent of its revenue from international operations in the United Kingdom, Continental Europe, North America, New Zealand and Asia. Sims has over 6,000 employees, an annual turnover of A$8.5 billion and has its ordinary shares listed on the Australian Stock Exchange (ASX: SGM) and its ADRs listed on the NYSE (SMS). SOURCE: Sims Group Limited
Sims Group LimitedFor further information contact in North AmericaDan DienstGroup Chief ExecutiveTel: 212 750 7189orFor further information contact in AustraliaJeremy SutcliffeChairman, Europe and AustraliaExecutive DirectorTel: 02 9956 9100orStuart NelsonDirector, Corporate ServicesTel: 02 9956 9100Copyright Business Wire 2008
I think we will see that gapper tomorrow :) http://investorshub.advfn.com/boards/read_msg.aspx?message_id=29587134
SPF 3.55 + 1.33, over 60% of the o/s is SHORTED :)
Welcome to Sims Group Limited board on Investorshub, SMS is the world's largest listed metal recycler with over 200 operations globally. SMS 32.97
IMO on the big board, this is a sleeper, it's been making several agressive and quite strategic acquisitions. Steel is high demand and they are the world's largest listed metal recycler with over 200 operations globally. I think it's going continue the uptrend. I may have to shout this one out to Jim Cramer to give it a boo-yah!
32.97
Sims Group Reports Unaudited Net Profit after Tax for 9 Months to 31 March 2008 of $182.5 Million Following Record Third Quarter
5:30p ET May 7, 2008 (Business Wire)
Sims Group Limited (ASX:SGM) (NYSE:SMS):
Highlights
-- Unaudited sales revenue of $4.432 billion up 10.4% on FY07
-- Unaudited EBITDA of $357.1 million up 11.3% on FY07
-- Unaudited EBIT of $298.1 million up 12.6% on FY07
-- Unaudited NPAT of $182.5 million up 11.2% on FY07
-- Unaudited record NPAT of $80.3 million for Q3 FY08
-- Completion of Metal Management merger, with business integration and synergy realisation underway
-- Strong outlook for Q4 FY08. Earnings will exceed those in Q3 FY08 prior to any extraordinary expenses or other costs that may be recorded in connection with the Metal Management merger
Sims Group Results for 9 months to 31 March 2008
Sims Group Limited Group Chief Executive Officer, Daniel Dienst, announced today that the Company's unaudited NPAT (net profit after tax) for the nine months to 31 March 2008 was $182.5 million, up 11.2% on the prior corresponding period.
Unaudited EBITDA (earnings before interest, tax, depreciation and amortisation) and before charges that may be recorded in connection with the merger transaction with Metal Management, was up 11.3% on the prior corresponding period to $357.1 million. Unaudited sales revenue was up 10.4% on the prior corresponding period to $4.432 billion. Sales tonnes increased moderately by 3% to 7.33 million tonnes.
Unaudited NPAT for the quarter ended 31 March 2008 was $80.3 million and unaudited EBITDA was $145.7 million, up 62.3% and 44.1% respectively on the quarter ended 31 December 2007.
The result includes a contribution from the former Metal Management business for the period 15 March 2008 to 31 March 2008. This assisted in delivering record earnings for the quarter.
Mr. Dienst said: "The result reflects the vastly improved ferrous trading conditions experienced over the third quarter, with strong prices for ferrous scrap globally, more than offsetting the impact of the continuing strength of the Australian dollar. It marks an exciting time for the 6,000 men and women of the combined Sims Metal Management as two industry leaders have joined together to create one truly global leader."
Australia, New Zealand & Asia
Sales revenue for the region was up 9.1% to $1.174 billion. Although EBIT (earnings before interest and tax) and pre-amortisation of other intangibles, was down slightly by 3.3% to $107.8 million compared to the prior corresponding nine month period, it rose strongly compared to the December quarter by 41.6% to $42.6 million. As with the Group as a whole, improved ferrous margins was the major contributor to this improvement.
North America
Sales revenue was up 26.9% in US dollar terms on the prior corresponding period to US$2.09 billion but, after translation into Australian dollars, was only up by 10.7%. Similarly, on a comparative basis, in US dollar terms, EBIT (pre-amortisation of other intangibles) was up 32.4% to US$128.3 million, although this increase was only 14.1% after translation into Australian dollars.
Mr. Dienst said: "The completion of the merger with Metal Management was the key event in the quarter although, with Metal Management closing off its books on 14 March 2008, the timing was such that only two weeks' profit contribution is included in this result. It is worth noting, however, for the record, that the EBITDA generated by the former Metal Management businesses for the period from 1 January 2008 through 14 March 2008 was also a record US$70.0 million, justifying the confidence expressed at that company's last results announcement in February this year."
Europe
In Europe, the improvement in the quarter compared to the previous quarter was the greatest across the Group. After a challenging December quarter, particularly from the metal recycling division, EBIT (pre-amortisation of other intangibles) rose by 90.7% to GBP16.4 million. For the nine months, sales revenue was up 24.9% in pounds sterling on the prior corresponding period to GBP412.7 million, but only up 11.6% after translation into Australian dollars. EBIT (pre-amortisation of other intangibles) was up 57.0% to GBP29.2 million, with the increase being 41.2% after translation into Australian dollars.
Sims Recycling Solutions
The contribution of Sims Recycling Solutions to revenue and profits was again encouraging. Sales revenue of $435.9 million was up 38.7% on the prior corresponding period and EBIT (pre-corporate costs and amortisation of other intangibles) of $72.1 million, was up 66.2%. This result represented 24.2% of Group EBIT (pre-corporate costs and amortisation of other intangibles), well within the Company's target range of 20% - 25% of Group EBIT, although, following the Metal Management merger, the relative contribution of SRS will decline in the short to medium term.
Metal Management Merger Integration Update
As previously advised, the Metal Management merger was completed on 14 March 2008.
The integration process is proceeding according to schedule. A new management structure for the combined North American business has been announced, with Bob Kelman, President, Commercial North America and Alan Ratner, President, Operations North America jointly leading the business, reporting to Mr. Dienst.
Mr. Dienst said: "The North American integration plan is proceeding according to plan with no surprises and we remain confident that the $35 million of operational synergies should be accomplished in fiscal 2009 and commercial synergies should be identifiable in coming months and quarters."
Outlook
Mr. Dienst said: "Demand and pricing from consumers for our ferrous and non-ferrous metals is robust and freight rates have stabilised, albeit still at historically high levels, which is supportive of an expectation for attractive operating conditions in our fourth fiscal quarter. While we have not yet seen visibility to our consolidated April results or been able to form a conclusive opinion about the North American market (which tends to be a spot market determined monthly where variations can be significant) for the month of June, firm demand and prices in April and May are encouraging.
"The continued strength of the Australian dollar could continue to provide head winds for the conversion of local currencies to reported earnings. Notwithstanding the potential impact of foreign currency translation, because of the full three month contribution of earnings from Metal Management we believe our fourth quarter performance will exceed the quarter just posted subject to any extraordinary expenses or other costs that may be recorded in connection with the Metal Management merger, but because of the potential for volatility in prices and freight rates, which over recent quarters has been unprecedented, we are unable to provide more precise estimates."
Cautionary Statements Regarding Forward-Looking Information
This release may contain forward-looking statements, including statements about Sims Group Limited's financial condition, results of operations, earnings outlook and prospects. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "forecast," "project" and other similar words and expressions.
These forward-looking statements involve certain risks and uncertainties. Our ability to predict results or the actual effects of our plans and strategies is subject to inherent uncertainty. Factors that may cause actual results or earnings to differ materially from these forward-looking statements include those discussed and identified in filings we make with the Australian Securities Exchange and the United States Securities and Exchange Commission, including the risk factors described in the Registration Statement on Form F-4 we filed with the United States Securities and Exchange Commission on 8 February 2008.
Because these forward-looking statements are subject to assumptions and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. You are cautioned not to place undue reliance on these statements, which speak only as of the date of this release.
All subsequent written and oral forward-looking statements concerning the matters addressed in this release and attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this release. Except to the extent required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this release.
About Sims Group Limited
Sims Group (www.sims-group.com) is the world's largest listed metal recycler with over 200 operations globally. Sims' core business is metal recycling, with an emerging business in recycling solutions. Sims earns around 80 per cent of its revenue from international operations in the United Kingdom, Continental Europe, North America, New Zealand and Asia. Sims has over 6,000 employees, an annual turnover of $8.5 billion and has its ordinary shares listed on the Australian Stock Exchange (ASX CODE: SGM) and its ADRs listed on the NYSE (NYSE SYMBOL: SMS
JAV 3.06 chart;
SPF 3.52 :)
SPF 3.38 easing on up or shall I say "squeezing" on up
SPF 3.16 +.94 may be a decent gapper tomorrow due to potential shorts covering. Short Interest (Shares Short) 43,074,400 /
Short Percent of Float 61.12 %
I'm pulling for Fabe & Torres ( a skinny guy but one hell of skilled submission specialist ) in the WEC matchup
hhttp://www.wec.tv/index.cfm?fa=eventDetail.fightCard&eid=1196
MAIN CARD (TELEVISED)
Thiago Alves vs. Matt Hughes
Michael Bisping vs. Jason Day
Marcus Davis vs. Mike Swick
Thales Leites vs. Nate Marquardt
Brandon Vera vs. Fabricio Werdum
PRELIMINARY CARD (NOT TELEVISED)
Martin Kampmann vs. Jorge Rivera
Thiago Tavares vs. Matt Wiman
Luiz Cane vs. Jason Lambert
Roan Carneiro vs. Ryo Chonan
Jess Liaudin vs. Paul Taylor
Antoni Hardonk vs. Neil Wain
Hughes vs. Alves on June 7th, Thiago Tavares is also a pretty decent newbie on the fight card.
REXI is a sleeper imho, they manages over $1.7 billion in assets under management .http://www.resourceamerica.com/
Nice knee to the head.
Updated: May 22, 2008, 8:36 PM EST Sean Sherk will face BJ Penn at UFC 84 Saturday for the UFC world lightweight championship. BJ Penn sat down with MMARated.com to talk about the upcoming battle.
MMARated.com: Are you more determined and excited for this particular fight against Sean Sherk than ever before?
BJ Penn: Without a doubt. I want to keep the title and I want to keep the title legitimately — keep it in somebody's hands who's not out there cheating, who's just put in all this hard work. You know, who's completely natural. I'm going to fight extra hard to not let that belt get in someone else's hands that would use steroids and use growth hormone or blood doping or any of that other stuff.
Read more at...
For more exclusive MMA interviews, check out MMARated.com -- the new voice of mixed martial arts. MMARated.com: I recently spoke to Sean Sherk and he's still very adamant that everything he did was kosher. Obviously, you don't believe him.
Penn: Well, I asked him (on a conference call last week), 'Did you do steroids?' He said no. I said, 'Did you do growth hormone?' He didn't answer. I said, 'Did you blood dope?' He didn't answer. Then somebody asked me, 'So do you think he did steroids when he fought Hermes (Franca)? I said 'Well, if he didn't do steroids then his test should come out the same way with his Nandrolone and testosterone level.' The same thing because I'm sure he trained just as hard for this fight as he did for the Hermes fight. So if he didn't do anything, he should be exactly the same as last time. We'll see. We know there's more people than just him on performance enhancement drugs in the UFC. It's time to just focus on myself. A lot of smack talk has been going back and forth but come Saturday, it's all going to end the next time I get in the ring.
MMARated.com: What do you think the athletic commissions aren't doing to catch the steroid abusers?
Penn: I think the athletic commission and the UFC are doing everything in their power that they possibly can but the thing is these guys go and get steroids from their doctor. So they're constantly taking the test. They're constantly passing. They know what to do; they know how to beat it. All the UFC can hope is to catch somebody if they do and hopefully it's not one of the big draws for the UFC where it'd hurt them financially.
MMARated.com: A lot has been said as to whether or not Sean Sherk deserves a title shot coming off of suspension. Some have said that maybe he should build himself up a little bit before getting another chance at the title. How do you feel about him getting a shot at your belt right off the bat?
Penn: I'm all about fighting the best people out there, the biggest names. So I feel great that it's Sean Sherk that I got to go up against because that's what this sport is about. This sport is about is about stars fighting stars. Sean Sherk is a star and it's great to have a monumental fight of this caliber put together. So as far as Sherk getting the title shot, I'm glad I'm fighting Sherk and you know what? I guess I'll shut him up, you know? He wants to sit there and say I got no heart and this and that. Come on, let's not confuse performance enhancement drugs with heart. (That's) two different things. If I had no heart, I would have gone down that road a long time ago.
MMARated.com: When I asked Sean to respond to your comments on his suspension he said that you have a lot of demons in your closest as well and you should probably put a lid on it. Do you think all this has gotten a little too personal or is that all part of hyping a fight?
Penn: You know what's funny? A couple of guys — me, (UFC President) Dana White and Sherk — were sitting on the phone and somebody asked that question and what I should have said was I'm not the only one on the phone here with a assault charge, you know? This is more like he's taking money out of my pocket. To me, he's stealing is what he's doing. If I'm going to go and self destruct myself, yeah, that's one thing, but he's over there taking money out of people's pockets and that's just ridiculous.
MMARated.com: When the topic of steroids is brought up, today's professional athlete usually shies away from it. You, on the other hand, are the opposite. You have been very outspoken when discussing steroids in MMA. Is this a topic that you've always felt strongly about? Has something happened where you've lost a fight and found out that someone was cheating behind the scenes?
Penn: Fighting is my life. It's the most important thing in the world to me and it's such a pure thing. Then someone goes and perverts it. Fighting takes so much effort — it's not just standing there trying to hit a ball or trying to throw a ball through a net or whatever. It takes so much technique, so much of all these other things that go into it and then when you're doing that, someone else starts cheating and doing all these other things, you're just like 'Whoa.' You're a coward. You got to take steroids or you wouldn't even step in the ring in the first place. They want to call themselves real fighters, but that's not a real fighter.
MMARated.com: It seems like, right now, the BJ Penn I'm talking to is BJ Penn version 2.0. You're a totally different fighter than just a couple years ago. What exactly happened?
Penn: I lost to Matt Hughes (in September 2006) and was hanging out and still partying in the bar four or five days a week. (On) my 28th birthday I'm just lying down in bed and I just I wake up and think 'What am I doing, man? Why am I doing this greatest sport in the world? You're still blowing up. You're still at the forefront, you still got a chance.' I just realized why I fight. I figured it out. Before it was just like, 'Oh don't put pressure on me.' And then I started to enjoy it. I want people behind me. I want people saying he's the best. I just started understanding what this thing's all about. It's about fighting, man. That's all it's about.
MMARated.com: We've heard you say that you're still interested in moving back up to welterweight at some point. Is this something you are looking to do right after the Sean Sherk fight or would you like to hopefully defend the title a few more times at lightweight and then move up?
Penn: I'm sure I will fight at welterweight again but I can't look past Sean Sherk right now. I used to do that in the past all the time — 'Okay after I beat (Georges) St. Pierre, I'm going to fight (Matt) Hughes,' or 'After I beat Hughes, I'm going to do this and that.' Experience has told me to just take care of what's in front of you and that door will open in due time.
MMARated.com: Let me ask you about your UFC 80 fight against Joe Stevenson. After defeating him, you licked the blood off your gloves. What's the symbolism behind licking the blood off the gloves?
Penn: [laughs] I don't know, man. You know, sometimes you cross over and it's just hard to come back. You cross over and then you're on that side where you could kill somebody and it's just hard to get back to the other side, so I was stuck over on that side when that happened.
MMARated.com: Afterwards we're you like, 'What the hell did I just do?' Or do you mind licking another man's blood?
Penn: No, I think as a fighter you're always just two different people. So when that side of me comes out, I just accept it because I got my one side who's just humble, cruisin', hanging out, help out my friends, or this and that. Then I got my other side where I snap and I'm just on the other side and it takes a while for me to come back.
MMARated.com: Following the Stevenson victory, all you had to say was �Sean Sherk, you're dead.' Did you plan on saying that or was that a spur of the moment thing? I have got to give you props, that was an original one.
Penn: Well, as kids in Hawaii, that's what we would always say, it's just a normal thing. Everybody keeps asking me, 'Why did you say he's dead?' That's just how we talk, I guess. I don't know, I guess it just came out.
MMARated.com: Do you regret anything that you've said leading up to this bout?
Penn: I've done a lot of things in my life and I don't regret any of them — good or bad
Here are some decent charts for "coal stocks". There has been a silent buzz on coal as of late.
CNX ;
ANR ;
ACI;
I'm watching SE to see if it stalls out near $28. It seems like it has been channeling. I set an alert near 22 if it falls back.
No problem , I have a few on the screen that I am watching for "blood" but this one pulled back to 91.36 due to oil pulling back IMO
DRYS pulling back and on the radar @ 92.85 ;
LOL you sound like a salesman for DPDW :)
Just make a smiley with .... " : " plus " ) " :)
It usually gets added attention during hurricane season, GL :)