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morning guys - INIX news out this am!
PLAINVIEW, NY, Dec 07, 2010 (MARKETWIRE via COMTEX) -- iFinix Corp.(PINKSHEETS: INIX), a provider of real-time financial information and services to active traders and to the securities industry, announced today that it has launched its subsidiary, iFinix Capital, which will commence business operations
today, Dec. 7, 2010 at 9 AM EST.
quote of the day by C.Payne - look for Gold to rock!
Was anyone else taken aback when Bernanke said he was 100% sure he could contain inflation? This is nuts, only a madman would say he had 100% control over something as elusive as inflation once momentum begins and the trillions of dollars in printed cash really begins to circulate. The gold market doesn't believe the Fed chairman, and gold looks to break through a double-top today because many traders are 100% sure Bernanke will have as much control over inflation as Dr. Frankenstein had over his creation.
Business Summary
Whitemark Homes, Inc. (Whitemark) was engaged in the business of developing and constructing residential communities. The Company developed real estate and built homes. As of December 31, 2007, the Company had no business operations and was seeking a merger with an existing operating company. The Company was engaged in
the purchase and development of lots through the construction and sale of single family homes, including designing, building and marketing. Whitemark was principally involved in the sale of single-family conventional homes, in the Orlando, Florida area.
morning all - barchart liking prmo with all buy indicators.
Short Term Indicators Average: 80% Buy
Medium Term Indicators Average: 75% Buy
Long Term Indicators Average: 67% Buy
Overall Average: 72% Buy
http://www.barchart.com/opinions/stocks/PRMO
News for 'TGIC' - (=DJ Triad Swings To 3Q Profit Amid Revenue Jump, Lower Costs)
DOW JONES NEWSWIRES
Triad Guaranty Inc. (TGIC) posted a profit in the third quarter, its second consecutive period in the black after nearly three years of losses, as the mortgage insurer b! enefited from a gain from repurchasing and retiring long-term debt.
Even without that gain, the company was in the black with revenue driven by higher earned premiums and realized investment gains. It also booked lower net settled claims, and losses and loss-adjustment expenses. Triad was also helped by changes in reserves.
On Thursday, Chief Executive Ken Jones said the company "continued to see improvement on various operating fronts."
Triad stopped writing mortgage-insurance policies in July 2008, after it incurred steep losses due to defaults and delinquencies on home loans. It sold its propriety mortgage-insurance software and most of its supporting hardware to Essent Guaranty Inc. late last year.
The struggling company, which is winding down its business, now says it needs to bring in at least $596 million during its run-off period--when it might face claims--to meet existing obligations. The figure is 8.2% l! ower than the one it gave in August.
Triad posted a pro fit of $54 million, or $3.56 a share, compared with a year-earlier loss of $101.9 million, or $6.78 a share. Earnings in the latest quarter with the debt gains was $1.61 a share.
Revenue increased 34% to $68.6 million.
Triad shares closed flat at 23 cents and weren't active after hours. The stock started trading over the counter after the company voluntarily delisted its shares from Nasdaq because they failed to remain above a minimum $1 value.