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Very Nice- Good Call...
"EBHI @ .41 Eddie Bauer worth watching".... @ .55
"EBHI @ .41 Eddie Bauer worth watching" @ .55 Moving...
KFN- $1.41.............
NEXC-NexCen Brands Sells Bill Blass Licensing Business
Monday December 29, 7:30 am ET
NEW YORK--(BUSINESS WIRE)--NexCen Brands, Inc. (NASDAQ: NEXC - News) today announced that it completed the sale of its Bill Blass licensing business to Peacock International Holdings, LLC on December 24, 2008 pursuant to an asset purchase agreement executed on the same day.
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Under the terms of the asset purchase agreement, Peacock International purchased substantially all of the assets related to the Bill Blass licensing business for approximately $10.0 million in cash. NexCen will use the proceeds from the sale, net of certain transaction costs, to pay down the debt associated with the Bill Blass business. Rothschild Inc. acted as the financial advisor to NexCen.
In conjunction with the sale of its Bill Blass licensing business, NexCen entered into an amendment of its existing credit facility with BTMU Capital Corporation (“BTMUCC”). Under the terms of the credit facility, the approximate remaining balance of $14.2 million on the note that was related to the Bill Blass licensing business was converted into a deficiency note that bears interest at 15% a year. The amendment (i) extends the maturity date of the deficiency note from January 1, 2010 until July 31, 2013; (ii) defers the scheduled principal payment obligations on the deficiency note until its maturity date; (iii) permits payment-in-kind of interest to defer interest payments during the term of the note; and (iv) provides that BTMUCC will not be entitled to receive warrants to purchase 2.8 million shares of the Company’s common stock at an exercise price of $0.01 per share even if the deficiency note remains outstanding after March 31, 2009.
Kenneth J. Hall, Chief Executive Officer of NexCen Brands, stated, “The completion of the sale of Bill Blass is an important final step in the execution of our strategy to divest certain non-core assets and focus exclusively on our franchising business. We are gratified by the ongoing support of our lender as we continue to execute on our revised business strategy. As we look forward to 2009, we now are fully focused on our seven franchised brands in the retail and quick service restaurant sectors.”
About NexCen Brands
NexCen manages global brands, generating revenue through franchising and licensing. The Company currently owns seven franchised brands. Two sell retail footwear and accessories (The Athlete’s Foot and Shoebox New York), and five are quick service restaurants (Marble Slab Creamery, MaggieMoo’s, Pretzel Time, Pretzelmaker, and Great American Cookies).
RAME @ .78-CFW @ .35- IF Oil continues Upward..............
accumulating at this level........Will be much higher in the future. Will hold up to 36 months..............s
UFC 92- Last Night Fight Link Attached....................
http://www.mmascraps.com/
CPSL @ 1.22- 3.55 pe -.34 eps- Strong Balance Sheet...........
http://finance.google.com/finance?q=cpsl
CPSL @ 1.22- 3.55 pe -.34 eps- Strong Balance Sheet...........
http://finance.google.com/finance?q=cpsl
COSI @ .20 0n Bottom Watch...............
EBHI @ .41 Eddie Bauer worth watching- insiders purchased over $150,000 of stock in November ( ranging from .99 to 2.04 ). Market cap 15 million dollars- 391 stores- founded 1920
http://www.insidercow.com/history/SICharts.jsp?sector=ALL&industry=Textile+-+Apparel+Clothing&monthYear=11%2F08
http://www.secform4.com/insider-trading/1345968.htm
http://www.eddiebauer.com/home.jsp
VVTV-------------Balance Sheet--------------------
Liabilities
Current Liabilities
Accounts Payable 92,464 71,141 89,831 109,326
Short/Current Long Term Debt - - - - ****
Other Current Liabilities 705 692 678 9,024
Total Current Liabilities 93,169 71,833 90,509 118,350
Long Term Debt - - - - ****
Other Liabilities - - - -
Deferred Long Term Liability Charges 1,997 2,132 2,258 2,322
Minority Interest - - - -
Negative Goodwill
**** Marks the Debt column from Yahoo finance
http://finance.yahoo.com/q/bs?s=VVTV Here's the link....
From 10Q 12-11-2008
"We ended November 1, 2008 with cash and cash equivalents and short-term investments of $61,419,000 and no long-term debt obligations. In addition, we have $20,486,000 of auction rate security investments ($26,800,000 cost basis) which are currently illiquid and classified as long-term investments."
p28
PINN-- .23-.29-.32............Moving w/volume
starting up...........
VVTV- @.30 10Mil Mkt.Cap-61 Million in Cash-No Debt-780mil annual Rev's.....................
VVTV- @.30 10Mil Mkt.Cap-61 Million in Cash-No Debt-780mil annual Rev's.....................
EBHI @ .41 Eddie Bauer worth watching- insiders purchased over $150,000 of stock in November ( ranging from .99 to 2.04 ). Market cap 15 million dollars- 391 stores- founded 1920
http://www.insidercow.com/history/SICharts.jsp?sector=ALL&industry=Textile+-+Apparel+Clothing&monthYear=11%2F08
http://www.secform4.com/insider-trading/1345968.htm
http://www.eddiebauer.com/home.jsp
VVTV @ .29- nr 52 wk low- on watch for bounce..........
FOH- @.25 Firming UP.. Volume Starting.........
Fredericks of Hollywood----- Might be worth a look-----
MPG @ 1.50.Starting Move UP.............
KFN Moving.............
Casual Male sues Knicks player.....
Canton chain takes center Eddy Curry to court alleging he hasn’t paid a two-year-old clothing bill
---------------- BOOK VALUE $4.38------------------------
By Steve Adams
The Patriot Ledger
Posted Dec 26, 2008 @ 05:53 AM
--------------------------------------------------------------------------------
CANTON — New York Knicks back-up Eddy Curry has failed to pay a $47,000 clothing bill to Casual Male Retail Group, according to a lawsuit filed by the Canton big-and-tall apparel chain.
Curry, whose NBA salary is $10 million this year, was a client of the Jared M. brand of high-end clothing that Casual Male acquired in 2006 and sold this year.
Curry hasn’t paid for dozens of shirts, sweaters and suits ordered in 2006 from Jared M., according to the lawsuit filed in Circuit Court of Cook County, Ill. Curry previously played for the Chicago Bulls.
The items included a $3,270 suit and a pair of $1,390 sweaters, according to invoices submitted by Casual Male’s attorney, Edward Margolis of Chicago. The outstanding balance totals $41,638, plus $5,424 in interest penalties.
Casual Male struck a $2 million deal in 2006 with fashion designer Jared Margolis to design a line of custom-tailored clothing. Targeted at professional athletes and celebrities, the line was sold in the Rochester Big & Tall division’s stores.
Margolis’ brand had cachet among athletes, having previously outfitted baseball slugger Sammy Sosa and boxer Evander Holyfield.
But Casual Male ended the partnership with Jared M. this year, saying sales did not meet Casual Male’s expectations.
Steve Adams may be reached at sadams@ledger.com.
AIRN Balance Sheet :
Balance Sheet
Total Cash (mrq): 30.95M
Total Cash Per Share (mrq): 0.52 *******************
Total Debt (mrq): 14.48M
Total Debt/Equity (mrq): 0.294
Current Ratio (mrq): 1.848
Book Value Per Share (mrq): 0.83
In AIRN @.088 - .52 cents cash per share-30 mil
http://finance.yahoo.com/q/ks?s=airn
ISR @ .30 On Watch...............
Added CMRG............
PINN- Starting UP............
PINN Moving................
TKS 530 Great Call- Have a Nice Evening All........
WOW 503- That was Quick........Nice Call......
ANPI- Nice Insider Buying....Will Try Some.......
http://www.insidercow.com/history/company.jsp
KFN- Kohlberg Kravis & Roberts...Starting....@.60
KFN Starting up...............
MNI-McClatchy shares close below $1 - Nations 3rd Largest Newspaper Chain
McClatchy shares close below $1Sacramento Business Journal - by Melanie Turner Staff writer
Shares of The McClatchy Co. dropped more than 13 percent to an all-time low of 89 cents in trading Monday, as the nation’s third-largest newspaper chain continues to take a beating on Wall Street.
The Sacramento-based company — publisher of The Sacramento Bee, The Miami Herald and 28 other daily newspapers — has been hard hit for the past year.
McClatchy (NYSE: MNI) stock has fallen 93 percent from its 52-week high of $13.31.
Five years ago in this same week, McClatchy stock closed at $67.99 a share. Four years ago, McClatchy stock closed at $70.90 a share in the same week. The company’s stock is down almost 99 percent from Dec. 20, 2004.
McClatchy has battled declining readership and revenue for the past few years, like many of its rivals. The company has been cutting costs, including buyouts and layoffs at its newspapers.
PINN @ .25 - 3 x's average volume...Pinnacle Gas
NOBL -25% @ .40 looks interesting....possible bounce....
PINN @.23 52 wk. low.......Pinnacle Gas...........
PINN @.23 52wk.low- watching for bottom............
SMC- Central Sun Mining -AMEX @ .12 Starting UP......
JEN- Jenninfer Convertables @.45- Chart Looks Ready......