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What am I complaining about? TSCM is at 1.80 in after-hours! HIT! :)
Peace. . .
Keep the Faith!
M&M Man
After hours: SBLU, INMD up nicely. AKSY also walking UP!
I can't believe it. I watched SBLU this morning before the bell. It was up significantly on low volume. Didn't think much of it!!! I hate it when you gotem right in your hand and ya miss em!
:(
Peace. . .
Keep the Faith!
M&M Man
Thanks Greg! eom
Keep the Faith!
M&M Man
Kmart Crumbles Amid Bankruptcy Talk
By Tim Arango
Staff Reporter
1/15/02 2:42 PM ET
Wall Street expects Kmart (KM:NYSE) to die a death of a thousand cuts. Debt-rating cuts, to be precise.
With Kmart's stock plunging for a fifth straight day Tuesday -- the retailer's shares dropped almost 13.7% to $2.45, putting them at mid-1960s levels -- a growing number of people now say bankruptcy may be Kmart's only way out. Heightening the suspense, the company's board was meeting Tuesday to consider its options, raising the prospect that Kmart could declare its intentions as soon as this afternoon.
"I think a Chapter 11 filing is definitely imminent," says Seth Freeman, managing director of EM Capital, a consulting firm that specializes in advising retailers in financial distress. A bankruptcy filing could allow the company to renegotiate leases on money-losing stores and move aggressively to cut costs, analysts say -- two things the red ink-stained company clearly needs to do.
Jack Ferry, a Kmart spokesman, didn't immediately return calls seeking comment. Kmart has said that it is seeking supplemental financing, and that it has at least $300 million of cash on hand.
Attention Getters
The New Year has been nothing if not eventful for the Troy, Mich., discount retailer. The company released disappointing holiday sales figures on Jan. 10, saying it would review its liquidity position and business plans for 2002 and 2003. Even so, at the time many observers agreed that while Kmart would need to cut costs and probably close a substantial number of stores, the prospect of a bankruptcy filing remained a long shot.
Suppliers like Fleming have since said they were continuing to deliver goods to Kmart and that the company was current in its payments, which seemed to mitigate the chances of a bankruptcy filing. Industry observers say it's unusual for a company that's receiving goods and keeping up with its bills to seek Chapter 11 protection.
But the repeated cuts at the hands of credit rating agencies S&P and Moody's appear to have gotten Wall Street's attention. Ratings cuts make it more expensive for the company to borrow money.
"Once the bond rating agencies chop a company's ratings," Freeman says, "it really becomes a spiraling effect, where bankruptcy becomes the only alternative."
Code Blue
Kmart shares have paid the price for that brand of speculation. Since Prudential Securities analyst Wayne Hood published a bearish report Jan. 2, shares have dropped 55%. Kmart is now 82% off its 52-week high, set last August, as Wall Street has all but given up on the stock. In the long run, however, a bankruptcy filing could help the company while leaving current shareholders with nothing.
"Chapter 11 for retailers offers special ability to improve cash flow by terminating unprofitable leases," says Randy Klein, a principal at the Chicago law firm Goldberg Kohn Bell Black Rosenbloom & Moritz, who specializes in representing creditors in bankruptcy proceedings.
Analysts expect Kmart to seek to close about 250 underperforming stores in a bid to boost cash flow and earnings. A bankruptcy filing could also make it easier for Kmart to secure financing. Chapter 11 filers often receive what is known as debtor-in-possession financing, which is often secured by company assets such as inventory and puts the lending banks ahead of other creditors.
These types of arrangements are typically negotiated ahead of a bankruptcy filing, Freeman says.
Kmart recently said it has about $900 million remaining on $1.5 billion in revolving credit lines. But it also has about $4 billion in debt, and worries over whether the company can service that load have increased in recent days. While retailers can emerge from bankruptcy and remain in business, two high-profile cases in recent years suggest that outcome is far from certain. Both Service Merchandise and Montgomery Ward, two large department store chains, have filed for Chapter 11 in recent years and both eventually went out of business under crippling debt loads.
Kmart still has some believers, despite a poor holiday performance that looked especially bad considering that rivals such as Target (TGT:NYSE) and Wal-Mart (WMT:NYSE) did well.
But "Chapter 11 can provide a refuge to restructure," says Klein, the Chicago lawyer.
--------------------------------------------------------------------------------
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Keep the Faith!
M&M Man
INTC tops quarterly estimates >>>>>>>>>>>
Intel Q4 earns 7c (INTC) By Chris Kraeuter
Intel (INTC) reported fourth-quarter net income of $504 million, or 7 cents a share, compared with net income of $2.2 billion, or 32 cents a share, during the same quarter last year. Revenue was $6.98 billion compared with $8.7 billion during the same quarter last year. Excluding acquisition-related costs, income was 15 cents a share compared with 38 cents a share during the same quarter last year. Analysts surveyed by Thomson Financial/First Call expected earnings, excluding charges, of 11 cents a share on revenue of $6.83 billion. As recently as Dec. 6, Intel said its sales would be $6.7 billion to $6.9 billion. The company did not provide an earnings target. Intel shares closed down 16 cents to $34.68.
Keep the Faith!
M&M Man
Arch. . .interesting chart on QTEK ~~ Nobody's selling much >>>>>>>>>
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
That one could be mounting to attack a new high.
TSCM keeps creeping upward. Nice OBV line. Nice RS, as well.
Even HRCT appears to want to end in the green, today. Deals are apparently getting done but the new CEO isn't going to say a WORD until the "deals are sealed!" Good call!
~~~~Zippideedooda. . .and away!
Keep the Faith!
M&M Man
Well. . .that news didn't stir too much interest. Perhaps it's a harbinger release? More good news coming. . .?
Hmmmmmmmmeeeerrrrrrrrrrrrrr.......
Peace. . .
Keep the Faith!
M&M Man
Yowsa! The markets just made an abrupt downward move! eom
Keep the Faith!
M&M Man
Volume on GTCI is slowly creeping upward. Shouldn't be long before we see the R/S. . .R/M action. Who knows what it will do, then?
Keep the Faith!
M&M Man
Anyone holding SRUN seen there position shrink yet (from the R/S)? I'm still wondering when that will kick in (on GTCI, as well).
Peace. . .
Keep the Faith!
M&M Man
Willy...LOL! I'm not buying just yet. Not after the news of potential BK proceedings came out. KM, however, is standing up and saying "It ain't so!" LOL. Looks like market sentiment is . . ."Prove them wrong!" And the sellers are out in full force. One iota of good news, however, will turn the ship around. I'll wait for the good news LOL. NOK and JDSU are looking pretty interesting.
Peace. . .
Keep the Faith!
M&M Man
EZ. . .KM is really getting pounded. I wouldn't be surprised if we see 1.50 per share for an ultimate shakeout!
Peace. .. .
Keep the Faith!
M&M Man
Evan. . .it appears the "sales force" is being constructed. Once in place. . .the revenues will start coming and we'll have a 10Q to review. At least, something to NEED an accountant for. Then. . .the company can qualify to get off of the pinks.
Peace,
Keep the Faith!
M&M Man
Kazs. . .that's one stock I'm glad I didn't buy. It was bad enough to grab KM at over five bucks and have to stop out at 4.96. SET STOP POINTS. . .no doubt! But when a company gets halted on that kind of news. . ."Hasta la Vista, money!"
Peace,
Keep the Faith!
M&M Man
Hotsearch. . .
I believe your take is pretty accurate. He's more of a "silent killer" than he is, a deal-maker. At least that's my understanding. Maybe he can slay a few of the Rhino's on RB with a "Dragon's" fire.
Peace. . .
Keep the Faith!
M&M Man
Yeah, it's not difficult to figure out who the villians in on this one. . .is it?
Peace. . .
Keep the Faith!
M&M Man
Arch. . .sometimes it's a difficult call on some of those stocks that have run significantly on a previous day. Nobody really knows if somebody somewhere wasn't pumping the darn things. . .and getting out. At any rate. . .LFZA up significantly on very light volume. Junk stock today could be $$$$s, tomorrow. They just may pull through. TSCM. . .I use to watch that one . . .on a regular basis. Gave up. Thought for sure Kramer and his buddies were going down. But they're still around. Charts look good for a nice easy incline.
Will be back in a couple hours to fill in the gaps.
Keep the Faith!
M&M Man
ESCONDIDO, Calif.--(AutomotiveWire)--Jan. 15, 2002--Laforza Automobiles Inc. (Pink Sheets:LFZA) (OTCBB:LFZA) has announced that it has retained the services of Euro Partners Co. Ltd., (http://www.europartners.co.il), a boutique corporate finance firm with offices in Europe and Israel, to maximize Laforza's visibility throughout Europe and highlight its presence in the European financial community with the aim of increasing shareholder value.
"In retaining Euro Partners and its EuroXposure investor relations program (http://www.euroxposure.com), Laforza Automobiles Inc. has chosen to pursue investor relations within the context of a broader finance program," said Laforza Automobiles Inc. President, David Hops. "With Euro Partners, Laforza Automobiles Inc. expects to enhance its ability to communicate its corporate story to both shareholders and potential investors in the European and global marketplace."
Hops said that Euro Partners would also explore the possibility of assisting Laforza Distributors Inc. in introducing dealerships networks throughout Europe and the Middle East. Laforza Automobiles Inc. will be also researching the feasibility of a dual listing on a European stock exchange.
About Laforza Automobiles Inc./Laforza International SpA:
Laforza Automobiles Inc. manufactures and distributes luxury-class Italian sport utility vehicles available in the United States and Europe. The bodywork is styled by the renowned automotive stylist Thomas Tjaarda and is manufactured in Cherasco, Italy by Laforza International SpA.
For more information about Laforza, visit at www.laforza.com
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
CONTACT:
Laforza Automobiles Inc., Escondido
David Hops, 760/738-1515
KEYWORD: CALIFORNIA INTERNATIONAL EUROPE
Keep the Faith!
M&M Man
Looks good, Willy. I can relate with the #144 issue. I've got a bunch of those shares in another company. . .don't want to sell, just yet. I've held them for a little over 3 years.
Peace. . .
Keep the Faith!
M&M Man
TSCM looks pretty interesting. It may be coming out of its' eternal abyss:
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=TSCM&Timespan=260
Keep the Faith!
M&M Man
TSCM is picking up some steam and surpassing its' 26-week high. Might be worth watching:
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=TSCM&Timespan=260
Keep the Faith!
M&M Man
TSCM trading at new 26-week high with good RS ~~
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=TSCM&Timespan=260
Keep the Faith!
M&M Man
Laforza Automobiles Inc. Retains Euro Partners to Enhance European Visibility
ESCONDIDO, Calif.--(AutomotiveWire)--Jan. 15, 2002--Laforza Automobiles Inc. (Pink Sheets:LFZA) (OTCBB:LFZA) has announced that it has retained the services of Euro Partners Co. Ltd., (http://www.europartners.co.il), a boutique corporate finance firm with offices in Europe and Israel, to maximize Laforza's visibility throughout Europe and highlight its presence in the European financial community with the aim of increasing shareholder value.
"In retaining Euro Partners and its EuroXposure investor relations program (http://www.euroxposure.com), Laforza Automobiles Inc. has chosen to pursue investor relations within the context of a broader finance program," said Laforza Automobiles Inc. President, David Hops. "With Euro Partners, Laforza Automobiles Inc. expects to enhance its ability to communicate its corporate story to both shareholders and potential investors in the European and global marketplace."
Hops said that Euro Partners would also explore the possibility of assisting Laforza Distributors Inc. in introducing dealerships networks throughout Europe and the Middle East. Laforza Automobiles Inc. will be also researching the feasibility of a dual listing on a European stock exchange.
About Laforza Automobiles Inc./Laforza International SpA:
Laforza Automobiles Inc. manufactures and distributes luxury-class Italian sport utility vehicles available in the United States and Europe. The bodywork is styled by the renowned automotive stylist Thomas Tjaarda and is manufactured in Cherasco, Italy by Laforza International SpA.
For more information about Laforza, visit at www.laforza.com
This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. Expression of future goals and similar expressions reflecting something other than historical fact involve risks and uncertainties. The actual results the company achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
CONTACT:
Laforza Automobiles Inc., Escondido
David Hops, 760/738-1515
KEYWORD: CALIFORNIA INTERNATIONAL EUROPE
Keep the Faith!
M&M Man
News out on LFZA eom
Keep the Faith!
M&M Man
LFZA has news. Can't cut and paste from my CSFBdirect acct. May want to review it
Keep the Faith!
M&M Man
I_like_bb. . .
Yupp. There's another "0" in MNTA LOL! There's no doubt there's some junk out there. Back to looking for something good >>>>>>>>>
Keep the Faith!
M&M Man
MRVT may be going under. . .but the market is trying to let it bounce. Could be a momentum play? eom
Keep the Faith!
M&M Man
I_like_bb. . .
Don't get too upset with some of those volume leaders. They can bring some pretty good profits. The OTC BB is generally run from "news" and not necessarily the quality of the organization. I'm not in agreement with it, but that appears to be how it works. Stock issues don't have any emotions, or feelings. That includes the big names, as well. In my mind, NO stock is a GOOD stock unless it's headed north. I like to find em when they come out of their abyss and head for the sky LOL. We'll just have to watch em and see if anything material surfaces.
Peace. . .
Keep the Faith!
M&M Man
**INTC reports today I hope something can can slow market regression. It's bound to happen, however. Investors are probably selling now so they can pay their taxes, later!
Keep the Faith!
M&M Man
Interesting chart on IBUI, Arch >>>>>>>>
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=IBUI&Timespan=260
Keep the Faith!
M&M Man
It is interesting, Arch (XRMD). I should have picked some up at 7 cents. It looks like it could go to 13 cents or higher, today:)!
Keep the Faith!
M&M Man
joby. . .
I will check out the interview. The stock is pulling back a bit, but may reach a bottom soon.
Peace. . .
Keep the Faith!
M&M Man
Arch. . .I've been trying to find out what's going on with FLNT. There's a research report published by an outside source to the Wallstreetcity.com site that tried to phone their office and couldn't get ahold of anyone. I can't see any news that would stimulate the buying. Therefore, it leads me to wonder what's going on. I can't find much information on WSHA, either. However, the volume was amongst the top on the OTC BB, yesterday. We'll need to watch it for momentum purposes. I'll check the premarket on those issues and see if the volume trend continues. FLNT did announce a share buyback at the end of last year. The company is struggling for survival. . .so they may be buying back their own stock, now. LEGL. . .could be any group of lawyers grabbing up shares in that one. LOL
Keep the Faith!
M&M Man
Tin. . .
Those dudes on the RB use to be employed by an individual that spent a couple of years in prison for securities fraud (they became his employees after he got turned loose). Then, they all were busted for securities fraud. They had an internet site where they would spotlight pennystocks (99% OTC BB stock issues were highlighted. . .at one point, HRCT was one of them) and pump them up. SEC came in and got all over em. Now, they're mad. Particularly since their compensation was cut off by the companies they were covering. . .and their assets were frozen. Bad break. Now . . .you know the ones that are attacking the longs. . .and who they are. They have nothing to prove other than taking their prison time working against investors. It's probably part of their "time to be served" for them to go out and try to save investors. One of them was an attorney that was disbarred in CA. The other two created false DD reports. . .and did the mass-mailing. It's an interesting story. But they were caught. Now, they're mad. Particularly since a couple of the HRCT longs are the people who got them put behind bars.
Go HRCT
Keep the Faith!
M&M Man
wwwilly. . .
I wouldn't be surprised if the strategy is for HRCT to hold off on any new PRs until after the spin-offs of Sinobull and ET. After the spin-offs and reverse splits, R/Ms take place, one would think information will begin coming our way. What would be nice to hear is how the system is coming along. How is the ET platform operating? How is the Sinobull.com platform operating? Are they functioning or are they all still working on getting operations up and running? Any updates on how ETNS ties into this entire ordeal? How are the individual entities of HRCT being utilized in China? What is the public's perception of the company, in China? Answering these types of questions may help to bolster investor's confidence. That is, answering them without "splashing" or unequivocal hype.
Monitoring the investing threads on the Internet is interesting. It's good to know that the real investors have learned which sites to review.
Peace. . .good luck on your stock purchase! ~~
Keep the Faith!
M&M Man
Tinberry. . .LOL! We've even got the bashers referencing the Ihub site. Guess who's winning
! ~~
Keep the Faith!
M&M Man
Interesting charts on LEGL, WSHA and FLNT** eom
Keep the Faith!
M&M Man
Arch >>>> Check these charts: LEGL, WSHA and FLNT
Keep the Faith!
M&M Man
Record Volume OTC BB stocks >>>>>>>>>>>>>>
http://www.allstocks.com/markets/1bbrv.htm
Keep the Faith!
M&M Man
Listing of ALL OTC BB stocks >>>>>>>>>>>
http://www.allstocks.com/pennystocks/OTC_BB_Stocks/otc_bb_stocks.html
Peace. . .
Keep the Faith!
M&M Man