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Jerk :)
Give it a rest, flaflyersfan :) We all know that… the “buyers” are waiting for that solid PR. And looking at the four recent blogs, Mr. Lehner is telling the shareholders… get ready! *;) Am I wrong? LOL
Morgan Keegan upgraded OPEN citing a continued acceleration in its business and operating leverage with the restaurant industry recovery. Price target raised to $95 from $70 :)
Boo as in (object oriented) duck typing? :)
OK, let's hear it... what's the problem w/ Canaccord Genuity?
Buy rating and price target of $90 by Canaccord :)
Hope it stopped out with a gain :)
Oh I think everyone knows it's a game changer... go WNBD! :)
I think I told someone several months ago, +100 is coming... it's climbing in that direction :)
Appreciate the notes :) I agree but if WNBD enters USA Lowe's then Lehner has a chance of pushing through and changing the debt/dilution factor that’s been controlling the PPS. This one is crucial.
NP wadirum1... Hope you and the longs make a lot of $ off of this cloud *:)
Well, flaflyersfan, the 2 m connects are gone as you stated. I’m betting on Mr. Lehner to increase the future performance from the current level. We'll see :)
Let’s be fair flaflyersfan, WNBD has nil elements connecting to P&D sponge… there’s no dirty scammers pumping this. But I agree … always take profits: stocks go both ways, up and down.
GL to you too :)
UPDATE 1-TeleCommunication Systems wins $269 mln contract:
Oct 6 (Reuters) - TeleCommunication Systems Inc (TSYS.O), a wireless communications technology provider, said it won a contract with a potential value of $269 million from the U.S Marine Corps, pushing its shares up 30 percent to a ten-week high.
Annapolis, Maryland-based TeleCommunication Systems said it had received initial funding of $12.3 million to provide the U.S. Marine Corps with its technology that secures transmission of voice, video, and data communications.
Government segment contributes about 58 percent of the company's total annual turnover.
The company's shares, valued at $198 million as of Tuesday, were trading at $4.84 in Wednesday early morning trade on Nasdaq. The stock has more than halved in the last one year. (Reporting by Krishna N. Das in Bangalore; Editing by Aradhana Aravindan)
http://www.reuters.com/article/idCNSGE6950KM20101006?rpc=44
LOL... Maybe s/he knows something Barron doesn't :)
...now might be a good time to put down the fork and step away from the table. - Dow Jones Newswires 9/20/10
I keep waiting for a pull back to enter but it keeps hitting... all time high... everyday :)
Unusual Trading Activity for AsiaInfo Holdings (ASIA)
Posted on 05/14/2010 by Leo Goldman
(leo.goldman@marketintellisearch.com)
NEW YORK (Market Intellisearch) -- ASIA options saw interesting call activity today. A total of 89 put and 3,133 call contracts were traded raising a low Put/Call volume alert. Today's traded Put/Call ratio is 0.03. There were 35.20 calls traded for each put contract.
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of investor behavior. A high Put/Call ratio suggests that the investor sentiment is bearish and that investors expect the underlying stock to decrease in value. In contrast, a low Put/Call ratio suggests that the investor sentiment is bullish and that the underlying stock is expected to increase in value. Unusual volume provides reliable clues that the stock is expected to make a move.
Shares of AsiaInfo Holdings gained $1.81 (+8.43%) to $23.27. The stock closed at $21.46 in the last trading session and today the shares of ASIA opened at $21.48. So far today, the stock has hit a low of $21.00 and high of $23.42. The current trading volume of 4,116,468 is greater than average volume of 896,269 shares. ASIA is trading below the 50 day moving average and lower than the 200 day moving average. The stock's 52 week low is $15.30 and 52 week high is $32.60.
Thanks SB for getting me in here :)
I'll take anything over +1 cent at 4:30 PM :)
...and movin' higher :)
I concur... new 52-wk High = 2.50!
New 52 Week High = 28.98 :)
UPDATE 2-True Religion Q4 tops view; to focus on direct sales
Q4 EPS $0.59 vs est $0.55 * Rev up 27 pct, beats estimates * Sees 2010 EPS $2.00-$2.10 vs est $2.13
http://www.reuters.com/article/idCNSGE61N0N820100224?rpc=44
I think this person knew exactly where it was going...
http://seekingalpha.com/article/158516-joe-s-jeans-undervalued-stock-at-a-bargain-price?source=yahoo
Joe's Jeans Reports 42% Increase in Fourth Quarter Net Sales
Press Release Source: Joe's Jeans Inc. On Wednesday February 3, 2010, 4:00 pm
LOS ANGELES, CA--(Marketwire - 02/03/10) - Joe's Jeans Inc. (the "Company") (NASDAQ:JOEZ - News) today announced financial results for the fourth quarter and year ended November 30, 2009. Highlights were:
-- Fourth quarter net sales increased 42% to a record $25.2 million
-- Gross margins increased one percentage point to 49%
-- Operating income increased 142% to $3.0 million
-- Year-end cash and cash equivalents on hand of $13.2 million
For the fourth quarter ended November 30, 2009, overall net sales were $25.2 million compared to $17.8 million, a 42% increase. Marc Crossman, President and Chief Executive Officer, commented, "We are pleased to report that all of our distribution channels, namely, domestic women's, domestic men's, international and retail experienced sales increases." Crossman continued, "The sales gains we made across all channels of distribution were the direct result of a renewed focus on fashion denim, a revamping of our core basic program, and the successful introduction of two new product classifications."
Gross margin during the quarter increased one percentage point to 49% compared to 48% in the year ago quarter. The increase in gross margin was a result of a higher percentage of our net sales coming from retail and licensing during the quarter compared to the fourth quarter a year ago. Fourth quarter SG&A was $9.3 million compared to $7.1 million a year ago. The increase over last year is mostly attributable to additional headcount and rent costs associated with retail stores we opened in the fourth quarter of 2008 and the two stores we opened in 2009. We also recorded additional advertising costs as we invested more in advertising to coincide with the launch of our leggings line, and increased costs associated with facilities and distribution due to our increase in sales volume.
In the fourth quarter, we reversed our valuation allowance for our deferred tax assets. This resulted in an income tax benefit of $16.4 million for fiscal 2009. As a result of this non-cash tax benefit, our fourth quarter net income was $20.5 million compared to $1.1 million during the prior year period. In summary, for the fourth quarter of 2009, we earned $0.33 per share in the fourth quarter of 2009 compared to $0.02 per share for 2008.
Marc Crossman, President and Chief Executive Officer, commented, "The fourth quarter was the perfect end to a successful year during which we were able to grow the top line, improve gross margins, build significant cash balances, add two new licensees, open four retail stores, and most importantly, gain a solid foothold in two new product classifications."
For the year ended November 30, 2009, overall net sales were $80.1 million compared to $69.2 million from the prior year comparative period. Gross margins were 50 percent compared to 47 percent for the year ended November 30, 2008, a three percentage point increase. Selling, general and administrative expense was $30.7 million compared to $26.2 million, or a 17% increase. The increase is primarily attributable to expenses required to support our retail stores and increases in our facilities and distribution costs to support our sales volume increases. In addition, our advertising and tradeshow expenses increased mostly due to entering into more short term leases for billboards and other ad space in NY and LA and our media blitz associated with the launch of our new legging product line.
As noted above, in the fourth quarter, we reversed our valuation allowance which resulted in recording a significant income tax benefit. As a result of the non-cash tax benefit, net income for 2009 was $24.5 million, or $0.40 per share, compared to $4.9 million in 2008, or $0.08 per share.
The Company will host a conference call on Wednesday, February 3, 2010 at 4:30 p.m. Eastern Time to discuss financial results for the fourth quarter and fiscal year ended November 30, 2009. To access the live call, please dial (866) 578-5784 (U.S.) or (617) 213-8056 (International). The conference ID number and participant passcode is 23753359 and is entitled the "Q4 2009 Joe's Jeans Inc. Earnings Conference Call." The information provided on the teleconference is only accurate at the time of the conference call, and the Company will take no responsibility for providing updated information. A telephone replay of the conference call will be available beginning at 7:30 p.m. Eastern Time on February 3, 2010 until 11:59 p.m. Eastern Time on February 10, 2010 by dialing (888) 286-8010 (U.S.) or (617) 801-6888 (international) and using the conference passcode 18937040. In addition, the conference call will be archived for two weeks on the Company's website at www.joesjeans.com.
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JOE'S JEANS INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
Three months ended
----------------------------
November 30, November 30,
2009 2008
------------- -------------
(unaudited)
Net sales $ 25,217 $ 17,761
Cost of goods sold 12,755 9,301
------------- -------------
Gross profit 12,462 8,460
------------- -------------
Operating expenses
Selling, general and administrative 9,343 7,119
Depreciation and amortization 135 106
------------- -------------
9,478 7,225
------------- -------------
Operating income 2,984 1,235
Interest expense 98 141
------------- -------------
Income before provision for taxes 2,886 1,094
Income tax (benefit) expense (17,575) (46)
------------- -------------
Net income $ 20,461 $ 1,140
============= =============
Earnings per common share - basic $ 0.34 $ 0.02
============= =============
Earnings per common share - diluted $ 0.33 $ 0.02
============= =============
Weighted average shares outstanding
Basic 60,410 59,559
Diluted 61,528 60,430