full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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Initial Claims Preview: October 5, 2013
The initial claims level increased to 308,000 for the week ending
September 28 from 307,000 for the week ending September 31.
The Briefing.com consensus expects the initial claims level
increased to 318,000 for the week ending October 5.
The federal government shutdown that began last week furloughed
roughly 800,000 workers. Those workers are not eligible to file
for unemployment benefits until they miss a full week of work.
We suspect that a vast number of them will file for benefits
this week, which will show up in next week’s initial claims data.
During the last government shutdown, the initial claims level
rose by slightly more than 80,000 from the spike in furloughed
government workers. That surge in claims can easily be doubled
due to the much larger number of layoffs in the current shutdown.
It would not be surprising to see the initial claims level surpass 450,000 next week.
On a positive note, after a few weeks of unreliable data caused
by computer glitches, the initial claims level has settled at
little over 300,000. That showed a significant improvement in
labor market conditions from August when claims were around
330,000.
The continuing claims level increased to 2.925 mln for the week
ending September 21 from 2.821 mln for the week ending September
14. The consensus expects the initial claims level fell to 2.903
mln for the week ending September 28.
The Numbers:
Thursday, October 10, 2013 Time of Release Briefing.com Consensus Prior
Initial Claims 8:30 ET 315K 318K 308K
Continuing Claims 8:30 ET 2900K 2903K 2925K
PVG down premkt on resignation by Independent Qualified Person for bulk sample measurements.
Strathcona Mineral Services Ltd. ("Strathcona"), which had been engaged as the independent Qualified Person to oversee and report on the 10,000-tonne bulk sample for the Program, has resigned from the Project.
From the movie Ferris Boehner's Day Off.
Pelosi ... here
McConnell ... here
Reid ... here
Obama ... here
Boehner ... ... ... Boehner ... ... ... Boehner ... ... ...
TGA: Lone Clone, I'm with you on TGA. Great mgt team!!!
What analyst report has raised target to $15ish? Can you send a copy or post a link?
I believe they are actually being paid arrears by Egyptian govt faster this year than mgt had forecast. That reduction of accts receivable and the new leases are great news indeed for CEO Ross Clarkson and his team, indicating much upside potential if they begin to hit the wells in their new areas with good success. On the downside, they certainly missed a few wildcats in Egypt like you said, but it appears they are proceeding now on more proven areas. At least that's what my crystal balls say.
TIA,
'peeker
Thank Beaner/Boner/Boehner (whatever) for small favors!
US Govt may not be open for awhile, but it will not default ... according to this:
http://www.nytimes.com/2013/10/04/us/politics/debt-limit-impasse.html?hp&_r=1&
01 Oct 2013 10:01 AM (((US Credit rating under review)))
US Debt Ceiling in Focus After Government Shutdown
Fitch Ratings-London-01 October 2013: The US government shutdown is not in itself a downgrade trigger for the sovereign's 'AAA'/Negative rating. However, it undermines confidence in both the budgetary process and critically in the prospect of the debt ceiling being raised in a timely manner to avert the risk of default on US sovereign debt obligations, says Fitch Ratings in a reiteration of its June 28 rating commentary.
A formal review of the rating with potentially negative implications would be triggered if the US government has not raised the federal debt ceiling in a timely manner prior to when the Treasury will have exhausted extraordinary measures and cash reserves. According to official comments by the US Treasury secretary, extraordinary measures could be exhausted by 17 October.
In such a scenario, the Treasury would be forced to dramatically cut back on current spending with adverse implications for the economic recovery. Even if it were to prioritise debt service - something the Treasury has repeatedly stated it has neither the legal authority nor logistical capability to do - it would likely incur arrears on a range of payment obligations and thus continue to incur debt, but in a disorderly and disruptive manner.
Even if the debt limit is not raised in a timely manner we believe there is sufficient political will and capacity to ensure that Treasury securities will continue to be honoured in full and on time. Nevertheless, investor confidence in the full faith and credit of the US would be undermined in such a scenario. This "faith" is a key underpinning of the US dollar's global reserve currency status and reason why the US 'AAA' rating can tolerate a substantially higher level of public debt than other 'AAA' sovereigns.
Non-essential operations of the federal government will cease from today - the government shutdown - after the US House of Representatives and Senate failed to agree a continuing resolution to grant it the necessary spending authority.
Value Leader Rankings (from Briefing.com)
{Sorry; not well formatted but here it is for anyone who would like to wade thru it!}
The following table contains a list of stocks that we believe should be particularly attractive to value and yield investors who want to avoid "value traps." Value Leaders components are derived from a quantitative screen and ranking system that is designed to uncover companies that possess a combination of low valuations across a variety of metrics, healthy 6-month Relative Strength, and shareholder-friendly managements that pay dividends and/or have active share buybacks in place. There are no growth or market cap criteria applied to this list.
If you would like to copy and paste the Value Leaders components into your chart watchlist or spreadsheet, click here to pull up an unformatted ticker list.
Value Leaders: October 1, 2013
Mkt Cap RS Value EV/ EV/ FCF Buyback Div Cash/
Rank Name Ticker Price Sector (mln) Rank Rank EBITDA Sales Yield Yield Yield Share
1 Safeway SWY $31.99 Retail Trade $7,719 91 99 6.3 0.3 6.3% 2.8% 2.5% $2.25
2 Celestica CLS $11.03 Electronic Technology $1,823 80 100 5.9 0.2 16.0% 8.6% 0.0% $2.98
3 Best Buy BBY $37.50 Retail Trade $12,807 92 96 4.8 0.3 5.6% -0.7% 1.8% $5.55
4 Oshkosh OSK $48.98 Producer Manufacturing $4,260 85 98 6.9 0.6 8.2% 3.5% 0.0% $6.64
5 Flextronics FLEX $9.09 Electronic Technology $5,564 78 100 6.6 0.3 11.9% 5.0% 0.0% $2.00
6 Exelis XLS $15.71 Electronic Technology $2,958 84 98 4.9 0.6 11.3% -0.2% 2.6% $1.36
7 MagnaChip Semi MX $21.53 Electronic Technology $759 83 97 4.7 0.9 6.3% 3.0% 0.0% $5.19
8 Lear LEA $71.57 Producer Manufacturing $5,772 76 99 5.7 0.4 4.5% 12.6% 1.0% $9.83
9 Dana DAN $22.84 Producer Manufacturing $3,354 82 97 5.8 0.6 7.8% 1.5% 0.9% $5.32
10 Standard Register SR $10.36 Commercial Services $57 100 91 6.6 0.2 12.3% -1.5% 0.0% $0.08
11 TIM Participacoes TSU $23.57 Communications $11,397 84 96 5.0 1.3 9.0% 0.0% 2.8% $2.49
12 GameStop GME $49.65 Retail Trade $5,804 86 95 7.4 0.7 4.8% 2.0% 2.2% $1.67
13 Arrow Electronics ARW $48.53 Distribution Services $4,862 79 97 7.8 0.3 6.1% 3.1% 0.0% $3.33
14 Telephone & Data Sys TDS $29.55 Communications $2,989 85 95 4.0 0.7 4.8% 0.1% 1.7% $12.46
15 Arkansas Best ABFS $25.67 Transportation $660 94 92 8.9 0.3 9.8% -0.3% 0.5% $4.68
16 Domtar UFS $79.42 Process Industries $2,546 72 99 4.8 0.6 6.7% 5.1% 2.8% $12.93
17 Magna MGA $82.56 Producer Manufacturing $19,266 83 95 6.9 0.6 5.0% 0.6% 1.6% $5.48
18 Unisys UIS $25.19 Technology Services $1,099 73 98 2.6 0.3 11.5% 0.5% 0.0% $13.02
19 Yongye YONG $6.19 Process Industries $314 79 96 1.3 0.4 53.4% -0.4% 0.0% $5.02
20 Avnet AVT $41.71 Distribution Services $5,734 82 95 7.6 0.3 8.8% -0.9% 1.4% $7.21
21 Children's Place PLCE $57.85 Retail Trade $1,291 68 99 6.1 0.6 11.2% 6.5% 0.0% $8.20
22 Heartland Pay. Sys. HPY $39.72 Technology Services $1,463 74 97 7.1 0.7 7.0% 3.3% 0.7% $4.28
23 Visteon VC $75.64 Producer Manufacturing $3,785 83 94 7.7 0.6 3.4% 5.1% 0.0% $19.96
24 Brocade Comms BRCD $8.05 Electronic Technology $3,560 92 91 6.7 1.5 12.9% 1.2% 0.0% $1.71
25 Northrop Grumman NOC $95.26 Electronic Technology $21,926 73 97 6.3 0.9 6.0% 3.9% 2.6% $20.65
26 Cirrus Logic CRUS $22.66 Electronic Technology $1,438 76 96 5.0 1.4 13.4% 2.6% 0.0% $3.52
27 Harris HRS $59.30 Electronic Technology $6,306 80 94 7.3 1.5 6.3% 3.8% 2.8% $2.97
28 ITT Educational ESI $31.00 Consumer Services $724 92 90 3.4 0.6 9.2% -1.4% 0.0% $7.91
29 Computer Sciences CSC $51.74 Technology Services $7,641 64 99 4.0 0.6 7.3% 3.3% 1.5% $12.67
30 Xerox XRX $10.29 Electronic Technology $12,683 67 98 6.8 0.9 10.6% 2.8% 2.2% $0.72
31 Alliant Techsystems ATK $97.56 Electronic Technology $3,124 79 94 7.5 1.0 7.0% 1.7% 1.1% $3.09
32 ANN INC ANN $36.22 Retail Trade $1,660 75 95 5.8 0.6 3.9% 2.9% 0.0% $2.32
33 Sanmina-SCI SANM $17.49 Electronic Technology $1,463 87 91 6.7 0.3 15.8% -1.4% 0.0% $4.86
34 R.R. Donnelley RRD $15.78 Commercial Services $2,867 65 98 5.0 0.6 5.9% -0.9% 6.6% $1.93
35 McKesson MCK $128.30 Distribution Services $29,332 68 97 9.5 0.3 10.5% 3.4% 0.7% $12.52
36 Raytheon RTN $77.07 Electronic Technology $24,854 74 95 7.6 1.1 5.7% 2.5% 2.9% $10.63
37 URS Corp URS $53.75 Industrial Services $4,025 74 95 7.1 0.5 5.4% 0.9% 1.6% $3.37
38 CF Industries CF $210.83 Process Industries $12,077 73 95 4.4 2.3 7.6% 6.1% 0.8% $33.75
39 Skullcandy SKUL $6.20 Consumer Durables $172 75 94 5.1 0.6 17.7% -0.5% 0.0% $1.07
40 Delta Air Lines DAL $23.59 Transportation $20,239 90 89 5.8 0.8 4.5% -0.6% 1.0% $4.77
41 Southwest Airlines LUV $14.56 Transportation $10,282 59 99 5.7 0.6 8.9% 4.8% 1.1% $4.70
42 Gannett GCI $26.79 Consumer Services $6,139 77 93 6.7 1.4 5.0% 1.5% 3.0% $0.69
43 Herbalife HLF $69.77 Distribution Services $7,191 95 87 9.5 1.7 4.9% 3.9% 1.7% $7.93
44 Valassis Comms VCI $28.88 Commercial Services $1,091 58 99 5.8 0.8 7.4% 6.2% 4.3% $2.28
45 Apollo Group APOL $20.81 Consumer Services $2,338 64 97 1.6 0.3 32.8% -0.3% 0.0% $10.67
46 Fluor FLR $70.96 Industrial Services $11,569 76 93 9.5 0.3 4.3% 2.6% 0.9% $14.00
47 NVIDIA NVDA $15.56 Electronic Technology $9,003 64 96 7.1 1.4 8.6% 5.5% 1.9% $4.96
48 Express EXPR $23.59 Retail Trade $1,978 79 91 6.4 0.9 6.8% 0.3% 0.0% $2.74
49 Smith & Wesson SWHC $10.99 Producer Manufacturing $689 63 96 3.9 1.0 9.4% 1.4% 0.0% $2.23
50 LIN Media LIN $20.29 Consumer Services $679 96 85 6.8 2.7 7.6% 2.2% 0.0% $0.36
ECONOMIC INSIGHT | Updated: 30-Sep-13 | Archive
Briefing.com's analysis and commentary on economic events and conditions.
In the Event of a Government Shutdown - What Economic Data Will Be Released
In the event of a government shutdown, a number of economic releases may be delayed. We outline the reports released by different departments/groups here and present a table at the end that offers a streamlined view of how the economic reporting will be affected.
Bureau of Labor Statistics:
Employment Situation Report***
JOLTS – Job Openings
Import/Export Prices
Producer Price Index (PPI)
Consumer Price Index (CPI)
Nonfarm Productivity
Employment cost Index
***There is precedent for the BLS to release the September Employment Situation Report on October 4 even if the government is shutdown***
In 1996, the BLS elected to release the CPI report even though the release date came after the government shutdown. All of the data for that report was collected before the shutdown occurred. The BLS was concerned that the data could be leaked to the markets while the BLS was closed. The department deemed the CPI report as an essential function and it was released on schedule. The same technicality could allow the BLS to release the September Employment Situation Report on its regularly scheduled date on Friday even if the BLS is not technically open for business.
Census Bureau:
Construction Spending
Factory Orders
Trade Balance
Wholesale Inventories
Retail Sales
Business Inventories
Housing Starts/Building Permits
New Home Sales
Advance Durable Goods Report
BEA:
GDP
Personal Income and Spending
Treasury Department:
The Treasury Department will be running normal treasury auctions during a government shutdown.
The Treasury Budget and TIC Flows data are expected to be delayed.
Not all of the economic data will be affected during a government shutdown.
Department of Labor:
The Initial Claims data will be released as scheduled. The data is collected by states and not the federal government.
The Federal Reserve is not appropriated by Congress and will be unaffected by a shutdown. The Consumer Credit, Industrial Production, Beige Book, FOMC Minutes, and all Fed manufacturing surveys – New York Fed’s Empire Manufacturing Survey and the Philadelphia Fed’s Survey of Business Outlook – will be released on schedule.
All private data are expected to be released on time.
ISM Manufacturing and Non-manufacturing Reports
ADP Employment Change
Motor Vehicle Sales data
MBA Mortgage Index
University of Michigan Consumer Sentiment
NAHB Housing Market Index
Existing Home Sales
Pending Home Sales Index
Case-Shiller Home Price Index
Conference Board’s Consumer Confidence Survey (note: the Conference Board’s Index of Leading Indicators may be delayed because most of the data used for the index will not be reported during a government shutdown)
The table below will be revised as new information is released. If the government reopens prior to any economic report, that data and all that follow should be available as scheduled. The government agencies that have not yet returned our inquiries are listed as unknown at this time.
Economic Release Scheduled Release Date Status of Release in the Event of a Government Shutdown
ISM Manufacturing Index October 1 No Delay
Construction Spending October 1 Delayed
Motor Vehicle Sales October 1 No Delay
MBA Mortgage Index Every Wednesday No Delay
ADP Employment Change October 2 No Delay
Crude Inventories Every Wednesday Unknown
Challenger Job Cuts October 3 No Delay
Initial Claims Every Thursday No Delay
Continuing Claims Every Thursday No Delay
Factory Orders October 3 Delayed
ISM Services Index October 3 No Delay
Natural Gas Inventories Every Thursday Unknown
Employment Situation Report October 4 Unknown
Consumer Credit October 7 No Delay
Trade Balance October 8 Delayed
JOLTS - Job Openings October 8 Delayed
Wholesale Inventories October 9 Delayed
FOMC Minutes October 9 No Delay
Import/Export Prices October 10 Delayed
Treasury Budget October 10 Delayed
Retail Sales October 11 Delayed
PPI October 11 Delayed
U. Michigan Sentiment October 11 Not Delayed
Business Inventories October 11 Delayed
Empire Manufacturing Survey October 15 Not Delayed
CPI October 16 Delayed
Net Long-Term TIC Flows October 16 Delayed
NAHB Housing Market Index October 16 Not Delayed
Fed's Beige Book October 16 Not Delayed
Housing Starts/Permits October 17 Delayed
Industrial Production October 17 Not Delayed
Philly Fed Index October 17 Not Delayed
Leading Indicators October 18 Unknown
Existing Home Sales October 21 Not Delayed
FHFA Housing Price Index October 23 Unknown
New Home Sales October 24 Delayed
Durable Goods Orders October 25 Delayed
Pending Home Sales October 28 Not Delayed
Case-Shiller Index October 29 Not Delayed
Consumer Confidence October 29 Not Delayed
GDP October 30 Delayed
Personal Income/Spending October 31 Delayed
Employment Cost Index October 31 Delayed
Chicago PMI October 31 Not Delayed
BCC.ax/BCGYF (Buccaneer Bob), Thanks for sharing your expertise with this succinct Buccaneer synopsis. The road to 15-25 cents should be a nice ride if they can get the cash flows going faster than the share issues.
I'm in this one and watching closely.
Good luck!
'peeker
ps> Let's hope Mart's potential is reached as well.
KNDI: I got stopped out a few minutes ago after it rolled over (well, it tilted anyway). You might say the stop market order was my KNDI roll bar. Anyway, had a good run on this one; KNDI was a fun ride. Time will tell if the company can begin to realize its potential with the generous Chinese EV subsidy.
'peeker
Hey Bob, when you get back from Vancouver, could you recap the catalysts for and your near-term or long-term target for Buccaneer (BCC.ax/BCGYF)?
As I understand they have JVed their Alaska prospects to cover costs, and they are currently drilling in a couple of locations (Cook Inlet, and ___?).
Results, when announced, could move the stock, especially if they include significant liquids, though they are mostly seeking to produce significant natural gas (due exellent natural gas prices in Alaska).
Anyway, you've been posting here on Buccaneer for a long time, and I would appreciate your succinct recap about their current drilling prospects as well as your near-term or long-term target for Buccaneer.
I've actually accumulated perhaps more than I should have recently when I did a larger-than-intended fat-finger purchase.
On the negative side, their book value/share is only .02, and they have so many shares outstanding (1.52billion) that any good news will see significant selling by longer-term holders.
Regards,
'peeker
KNDI: My issues with the company
KNDI is an electric vehicle manufacturer in China that stands to profit from generous govt subsidy program, but they seem too small to be a major EV supplier, so I doubt they have the capability to ramp up quickly or speed development of other vehicles. My understanding is that they are primarily a manufacturer of 4wheelers, and EVs are a new area for them. Since they don't seem to have the clout of a large car manufacturer, other larger companies could nudge them out over time. In other words, KNDI ain't no TSLA.
Also there is the issue of infrastructure to support EV re-charging. For some reason I imagine a bunch of EVs simply running out of electrons during the morning commute in Beijing and being pushed to the side of the road.
Here are pics of their EVs:
http://en.kandivehicle.com/ProductList.aspx?classid1=58&classid2=73
Here are pics and the specs for their KD-5011 car:
http://en.kandivehicle.com/ProductDetail.aspx?kid=72
Overall size:2900*1545*1590mm
Wheelbase:2080mm
Distance between wheel(f/r):1280/1330mm
Net weight:960kgs
Max. Load:150KGs
Seater:2
Max. speed:=72km/h
Max. Climbing Gradient:=20%
Running distance(60km/h): =160 km (about 100miles)
Motor:42V AC 7.5KW
Drive type:rear wheel driving
Battery:Lithium 3.2V 22AH
Controller:72V
... and for the ethical investor, here are their values:
http://en.kandivehicle.com/AboutUs.aspx?guid=40661425-9a43-4909-8cb1-65be408cdf6b
KNDI up again premarket (+4%)):
Here's a Seeking Alpha article that expresses optimism with KNDI's inexpensive EV offering. Consumer pays only $2500 out of pocket for a KNDI car.
http://seekingalpha.com/article/1709322-kandi-technologies-as-china-goes-so-goes-kandi?source=yahoo
ps> I'm still holding half of my shares and I'm raising the limit order (again) to keep from selling today.
KNDI 16:33 Friday
Kandi Technologies files for 1,255,462 share offering of common stock issuable upon exercise of warrants by selling shareholders (6.60 -0.10)
KNDI
16:33 Friday
Kandi Technologies files for 1,255,462 share offering of common stock issuable upon exercise of warrants by selling shareholders (6.60 -0.10)
KNDI, the govt subsidy is go generous, it could go much higher, as volume is continuing to build. I have sold half of my KNDI, but I'm inclined to hold the rest until we see how the momo plays out.
Regards!
'peeker
KNDI up 13% today on details of generous Chinese EV subsidy plan:
8:49a ET September 19, 2013 (Dow Jones)
Kandi Technologies: New China Subsidy Plan to Aid Electric Vehicle Efforts
By Tess Stynes
Kandi Technologies Group Inc. (KNDI) said the Chinese government's recently released subsidy policies are expected to bolster the vehicle maker's efforts in the electric-vehicle market.
The maker and developer of electric vehicles and all-terrain vehicles said the policy, which covers pure electric vehicles, plug-in electric hybrid vehicles and fuel-cell battery vehicles aims to encourage purchases by government agencies, public organizations and public transportation organizations.
Kandi Technologies Chairman and Chief Executive Xiaoming Hu said the pure electric vehicle is the focus of the government policy, which will be "beneficial" to a variety of the company's pure electric vehicle projects.
Shares were up 6% at $5.82 in recent premarket trading. Through Wednesday's close, the stock is up 38% this year.
Under the policy, the Chinese government would provide as much as 60,000 yuan (US$9,798) for the purchase of an all-electric passenger vehicle and up to CNY500,000 for an electric bus. The policy also includes benchmarks for pilot programs in Chinese cities and regions.
Kandi Technologies said in June that an all-electric sedan the Chinese firm developed with Geely Automobile Holdings Ltd. (GELYY, 0175.HK) received an approval from Chinese regulators that will allow purchasers to qualify for subsidies and incentives. The joint venture was created to develop and produce electric vehicles in China--the world's largest auto market--earlier this year. Each company has a 50% stake in the venture.
08:38 DDD (Briefing.com blurb this AM):
Canaccord Genuity discusses takeaways from 3D conference; indicates 3D printing industry remains on strong growth track (53.65)
Canaccord notes meetings with DDD and SSYS highlighted respective growth strategies intent on addressing the full customer spectrum, from hobbyist to industrial manufacturer. Firm's conversation with DDD CEO Reichental centered on 2H consumables trends, consumer demand, and the ramp of the Phenix Systems product line. While there is some investor concern over the length of lag for materials revenue following strong systems sales, management continues to expect a strong 2H ramp for consumables. When combined with software sales from Geomagic/Rapidform, gross margins should see good support. Firm's meeting with SSYS Chairman Scott Crump and Director of Marketing Bruce Bradshaw indicted continued ramping demand from industrial customers, and meaningful upsell opportunities as the MakerBot unit sales increase.
MMT pipeline losses: Tim, much appreciated! Excellent work!
Interesting articles as well, especially with the comment about needing to reduce pressure to reduce the rate of leakage. Maybe that is what they did in late August (per Mart ops update: "pipeline space constraints put in place by ENI/Agip for several days at the end of the month")
Too bad ENI/Agip doesn't lose as much money from pipeline losses as the Umusadege partners.
At any rate, if you were an Eagle Scout, this should be worth a merit badge for meritorious googling.
Thanks again!
'peeker
MMT (RE: pipeline leaks)
I saw your map but it was just a map, so I don't understand where you say you "see a couple in June and July in Bayelsa State". Where did you find evidence of those leaks? Was it something that was published by ENI or elsewhere?
I think one reason we had the recent selloff in MMT was that the update about May-July losses did not say anything about fixing those problems. I am encouraged that ENI ended their force majeure in early September, so surely (surely? maybe?) the major pipeline leakages have been found and repaired.
There would be no good excuse for allowing a leak of this magnitude to continue.
TIA,
'peeker
QMED ... down 38% today ... yeah, sounds great, they'll get their new partner Polartec to sell Speedos laced with Stay-Fresh, their hydrogen peroxide impregnated product. The result is that after only a short time in the sun, warts disappear and your hair turns red.
This is a small company, and their business model is probably very cost effective, since they license their products to large partners with sales teams. Thus QMDT has manageable cost of sales. The main thing they have to do is hit a homerun with one or more of their products.
We'll see.
'peeker
ps> I have no idea what will make QMDT's products take off. Maybe they are about to achieve critical mass, and profits truly are just ahead. It's probably best to put it on a watch list so you'll see the news when they do achieve a breakout deal.
pps> Hank posted several news releases to summarize QMDT product areas at http://investorshub.advfn.com/boards/read_msg.aspx?message_id=91652459
QMDT (mentioned on motherboard by 10bagger):
According to their 10Q for latest qtr, their profit appears to be from a rather strange NEGATIVE Q&A expense, that is, it appears that their profit was based on a one-time adjustment to G&A expenses. I cannot remember ever seeing a negative G&A expense before.
Their revenues are relatively low compared to mktcap, and the only potential big increase in revenues may be associated with add-ons to a govt R&D contract for studying use of their product to reduce scarring from burns.
Seems a little risky at best.
'peeker
Here are a couple of excerpts from the 10Q:
From the Statements of Operations, Expenses section:
General and administrative expenses (142,039)
Operating Profit. Operating profit for the three months ended March 31, 2013 was $193,398 as compared to a loss of $307,085 for the three months ended March 31, 2012, representing a decreased loss of 163% or $500,483. The decrease loss was primarily attributable to a decrease in operating expenses of $436,777 and an increase in revenues of $63,705. The decrease in operating expenses was primarily due to the following: (a) a decrease in research and development expenses of $92,293 or 44%; (b) a decrease in general and administrative expenses of $352,751 or 167%; and (c) a decrease in licensing and patent expenses of $8,580 or 14%.
Sweet deal for DDD:
08:32 DDD 3D Systems acquires The Sugar Lab; financial terms not disclosed (52.28)
Co announced that it has acquired The Sugar Lab, a start-up micro-design firm based in Los Angeles, California, dedicated to 3D printing customized, multi-dimensional, edible confections in real sugar. The terms of the transaction were not disclosed. The Sugar Lab adopted 3D Systems' Color Jet Printing (CJP) technology to print on a sugar bed using different flavored edible binders that meet all food safety requirements. 3D Systems plans to immediately integrate The Sugar Lab 3D printing technique into its professional and consumer content-to-print platforms with a variety of production-quality applications as well as the ability to 3D print indulgences at home.
(... but probably not sweet enough to justify buying DDD)
KNDI doing well today, up 8% w/ volume 2x avgdaily.
Today's News, September 9, 2013 12:07pm
Spike in Kandi Technologies May be Attributed to China State Council Approval of Energy Vehicles Subsidy Program (Benzinga)
Also, here is 2wk old article on KNDI with context for its use in China.
http://seekingalpha.com/article/1658262-kandi-technologies-exceptional-strategy-for-china-from-an-urban-planning-view?source=yahoo
KNDI doing well today, up 8% w/ volume 2X dailyavg.
Today's News, September 9, 2013 12:07pm
Spike in Kandi Technologies May be Attributed to China State Council Approval of Energy Vehicles Subsidy Program (Benzinga)
Also, here is 2wk old article on KNDI with context for its use in China.
http://seekingalpha.com/article/1658262-kandi-technologies-exceptional-strategy-for-china-from-an-urban-planning-view?source=yahoo
PVG (Pretium) 09-Sep-13 06:41 ET
Pretium Resources announced underground drilling continues to intersect high-grade gold (8.20).
Co reported additional underground drill results from the Valley of the Kings Bulk Sample Program currently underway, as well as additional exploration drilling in the Valley of the Kings extending beyond the area of the Program. Assays from both Program and non-Program exploration underground drilling continue to confirm the projection of high-grade gold mineralized domains, with numerous intersections encountering gold grading over 1,000 grams per tonne. Selected drill highlights include:
Hole VU-168 (Program hole) intersected 1,622 grams of gold uncut over 6.25 meters including 9,040 grams of gold uncut over 0.50 meters, 4,610 grams of gold uncut over 0.55 meters and 6,090 grams of gold uncut over 0.50 meters;
Hole VU-182 (Program hole intersecting Cleopatra Vein) intersected 714.8 grams of gold uncut over 8.04 meters including 9,900 grams of gold uncut over 0.50 meters and 1,535 grams of gold uncut over 0.50 meters;
Hole VU-136 (Exploration hole) intersected 1,100 grams of gold per tonne uncut over 0.50 meters.
AMAVF having a tough go lately. Maybe the sector-wide overvaluation of 3D Printing stocks is starting to correct. While the last year has seen great returns across the whole sector, the next year should see many overvalued stocks return to lower levels. Only the truly outstanding companies will move higher as the technology matures.
I'm thinking of the S-curve that one often gets with new technologies and new technology leaders (AAPL for instance).
Many other sectors are doing well, and the big money managers tend to move from cooling sectors to the hotter ones over time.
LIQUID MOMENTUM | Updated: 06-Sep-13 (charts not included here)
Designed for swing traders, Liquid Momentum features daily set-ups for names in our proprietary Focus List of the 50 strongest, most liquid stocks in the market today.
Focus List for the Week of Sept 9, 2013... QCOM, CTSH, LRCX, REGN, UTHR, YNDX
Liquid Momentum is Briefing.com's proprietary Focus List for up to 50 of the most liquid, high Relative Strength stocks in the market that are ideal for Day and Swing trading candidates.
In this report we update the Focus List for the Week of Sept 9, 2013
Technically, the Dow, S&P and Russell Small Caps have been battling their respective 50-day ma's as resistance, while the Nasdaq holds up along its August range highs.
Our Focus List is designed to seek out the strongest stocks from both a Fundamental and Technical standpoint, however, even during bear cycles or corrective phases, they can become very susceptible to corrections as well. Be especially careful with those names that have ran significantly higher the last few weeks and are extended well above key moving averages. Also be cautious with those leaders breaking below their 50-day ma's and are struggling to recoup/bounce as they could be setting up for another leg lower.
Traders interested in us providing our technical viewpoint on any of these particular Focus List names, feel free to send a request to the email provided below.
* * *
New to the service or have a specific question regarding Liquid Momentum? Please see our User's Guide for an overview of the system as well as answers to commonly asked questions. You can also write feedback to us by emailing liquidmomentum@briefing.com.
QCOM - Joins out Focus List as price stages a breakout above 2-year range highs along the 66/67 area.
CTSH - Choppy action over the last 2-years, this Information Technology Service stock has been "on and off" our Focus List at times. Can it stay on it this time around? Keep watch along multi-month resistance around the 80/82 vicinity for a potential breakout into New High groun.
LRCX - This Semis/Electronic Equipment producer joins out Focus List. Price action shows it has been trending higher this year and finding support on pullbacks above its late-2011/2012 highs around the 45 vicinity. If the trend continues, the 2011 highs near 57 can be obtained.
REGN - A high-flying Pharmaceutical name that's been carving out an Ascending Triangle pattern over the last couple of months. As long as the current uptrend remains intact, investors can anticipate a breakout into high ground over 280.
UTHR - A newcomer to our Focus List, this Pharmaceutical appears to be in the midst of a Pullback in its strong multi-month uptrend. Note the 2011 highs acting as support.
YNDX - Ranked #4 this week, this Internet Software/Services stock continues to show strong relative strength as it nears its IPO range/highs from 2011. As long as price can maintain its bigger picture bias above the 27/29 area, it carries the potential for a breakout into New High ground over $40.
With equity markets always in motion and leadership rotating from one group to another, this list is designed to help active Day and Swing traders stay on top of the highest-quality trading names. It is generated from a proprietary algorithm that places heavy emphasis on superior Relative Strength versus the All Stocks universe, high Average True Range (ATR) values, and high Average Daily Volume, among other data points. An updated list is published each Monday, along with charts and commentary throughout the week highlighting the most compelling set-ups and patterns.
*For an un-formatted list of Liquid Momentum tickers to import into your software, click here.\\
ADDITIONS: APO, BIIB, CRI, CRM, CTSH, LRCX, MGA, PFG, QCOM, REGN, UTHR, VC, WFM
DELETIONS: BBBY, CBST, CTXS, DLTR, GILD, ICE, ILMN, JEC, MELI, MNST, PKG, PPC
Liquid Momentum Rankings: Week of September 9, 2013
Rank Ticker Recent Price Industry RS Rank Growth Rank ATR ATR/ Price Float (mln) Short Interest Avg Daily Vol (mln) Report Date (Estimated)
1 LNKD $251.01 Internet Software/Services 98 95 6.98 3% 93 3% 1.931 11/07/2013
2 QCOR $67.19 Biotechnology 100 86 2.65 4% 43 20% 1.651 10/31/2013
3 KORS $75.73 Apparel/Footwear 94 88 1.38 2% 59 3% 3.486 11/12/2013
4 YNDX $34.10 Internet Software/Services 95 83 1.06 3% 205 2% 2.404 10/31/2013
5 NTES $72.71 Internet Software/Services 93 76 2.92 4% 72 -- 0.688 11/20/2013
6 FB $43.68 Internet Software/Services 100 85 1.13 3% 1,664 2% 60.582 10/22/2013
7 GMCR $83.81 Food: Specialty/Candy 93 87 3.54 4% 85 26% 4.101 11/14/2013
8 UA $77.25 Apparel/Footwear 97 98 1.71 2% 73 11% 1.158 10/29/2013
9 NUS $87.16 Household/Personal Care 99 77 2.41 3% 48 3% 1.044 10/31/2013
10 SPLK $56.74 Information Technology Services 96 53 1.63 3% 101 5% 1.155 11/28/2013
11 MA $635.21 Finance/Rental/Leasing 80 71 9.51 1% 108 2% 0.674 10/30/2013
12 ALXN $111.12 Biotechnology 79 86 2.74 2% 172 1% 1.465 10/24/2013
13 TRIP $74.15 Other Consumer Services 94 74 2.05 3% 99 16% 1.729 10/31/2013
14 CTSH $77.31 Information Technology Services 79 69 1.47 2% 300 2% 2.480 11/06/2013
15 PCLN $959.85 Other Consumer Services 91 70 13.00 1% 51 5% 0.636 11/11/2013
16 REGN $266.88 Biotechnology 87 97 7.96 3% 62 4% 0.692 11/05/2013
17 MGA $80.91 Auto Parts: OEM 93 69 1.56 2% 227 1% 0.580 11/07/2013
18 PII $112.39 Recreational Products 88 63 2.05 2% 67 9% 0.654 10/17/2013
19 FLT $102.67 Miscellaneous Commercial Services 94 79 3.16 3% 54 1% 0.608 11/07/2013
20 VMW $85.26 Information Technology Services 82 64 1.75 2% 78 12% 1.961 10/22/2013
21 JAZZ $87.28 Pharmaceuticals: Other 98 74 2.16 2% 53 4% 0.791 11/07/2013
22 SBUX $72.04 Restaurants 80 75 1.14 2% 729 1% 4.052 11/01/2013
23 UTHR $73.52 Pharmaceuticals: Other 78 63 1.91 3% 39 15% 0.502 10/31/2013
24 CBOE $45.11 Investment Banks/Brokers 66 71 1.00 2% 87 3% 0.689 11/07/2013
25 CELG $145.98 Biotechnology 88 72 3.93 3% 411 1% 2.429 10/24/2013
26 ALKS $32.90 Biotechnology 82 98 0.91 3% 81 2% 1.284 02/06/2014
27 APO $26.58 Investment Managers 64 100 0.82 3% 59 1% 0.911 11/08/2013
28 AKAM $47.63 Internet Software/Services 82 53 0.81 2% 152 8% 1.602 10/30/2013
29 PFG $41.91 Financial Conglomerates 79 73 0.82 2% 291 2% 1.403 10/24/2013
30 DDD $52.68 Electronic Equipment/Instruments 95 62 2.16 4% 92 29% 3.632 10/31/2013
31 BIIB $227.09 Biotechnology 70 73 5.32 2% 214 1% 1.196 10/22/2013
32 VC $73.46 Auto Parts: OEM 89 89 1.54 2% 49 2% 0.525 10/29/2013
33 ROST $69.24 Apparel/Footwear Retail 70 68 1.44 2% 185 1% 1.434 11/21/2013
34 HLF $63.74 Food Distributors 98 75 2.56 4% 68 31% 3.371 11/04/2013
35 CRI $73.82 Apparel/Footwear Retail 74 71 1.33 2% 52 3% 0.529 10/22/2013
36 MCRS $49.45 Information Technology Services 76 30 1.16 2% 76 17% 0.567 10/31/2013
37 FFIV $87.34 Computer Communications 71 29 2.06 2% 76 6% 1.727 10/23/2013
38 LEA $71.04 Auto Parts: OEM 89 69 1.29 2% 80 6% 0.937 11/05/2013
39 COF $65.07 Finance/Rental/Leasing 63 98 1.09 2% 574 2% 2.575 10/17/2013
40 QCOM $68.15 Telecommunications Equipment 64 69 0.84 1% 1,712 1% 12.288 11/06/2013
41 FOSL $113.42 Other Consumer Specialties 69 66 2.71 2% 30 6% 0.750 11/12/2013
42 TJX $54.05 Apparel/Footwear Retail 71 65 0.96 2% 632 1% 2.947 11/19/2013
43 ORLY $122.98 Specialty Stores 75 80 1.89 2% 105 5% 0.608 10/30/2013
44 LRCX $49.42 Electronic Production Equipment 70 77 1.11 2% 162 5% 1.740 10/23/2013
45 WFM $54.20 Food Retail 73 68 0.89 2% 371 2% 2.377 11/06/2013
46 OCN $53.48 Finance/Rental/Leasing 96 80 1.58 3% 108 3% 1.691 11/07/2013
47 LKQ $29.69 Automotive Aftermarket 92 74 0.73 2% 295 1% 1.243 10/31/2013
48 VIAB $80.68 Media Conglomerates 89 78 1.68 2% 428 1% 2.798 02/13/2014
49 CRM $48.99 Packaged Software 88 44 1.30 3% 465 11% 5.144 11/21/2013
50 DLPH $57.04 Auto Parts: OEM 88 70 1.22 2% 308 2% 1.692 10/31/2013
Senior Analyst and Developer of the Liquid Momentum system: Jim Busch
Lead Technical Analyst: Scott Smith, CMT
PRCP had a nice move today, so took a small profit at $11.52. Doesn't take great volume to make this one move.
Zenyatta (ZEN.v/ZENYF) drilling results posted.
THUNDER BAY, ONTARIO--(Marketwired - Sept. 4, 2013) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to announce the following results from drilling on the East and West pipes of the 100% owned Albany (Hydrothermal) Graphite Deposit located in northern Ontario, Canada.
In reviewing the latest drill results, Aubrey Eveleigh, President and CEO stated, "We are very pleased to see initial drill holes on the West pipe confirming the existence of a second large graphite breccia body. The West pipe appears to be larger in diameter than the East pipe and closely reflects the circular conductivity anomaly defined by a ground EM ('electromagnetic') survey. Drilling to date on the West pipe has not yet identified the western limit of mineralization. Additional holes will be required before the overall dimension can be established."
To date, 13 holes have been drilled on the West pipe and 25 holes have been drilled on East pipe. The current drill campaign contemplates an additional 8-10 definition holes on both pipes and 3 large-diameter (HQ) holes on the East pipe to recover a 5 tonne bulk sample for metallurgical test work. As of the date of this news release, the first metallurgical hole (M01) drilled on the East pipe had intersected multiple zones of graphite breccia mineralization over 464 metres ("m"). Once these holes are complete, the 2013 drilling campaign will conclude and a NI 43-101 resource statement will be prepared by independent consultants RPA Inc. A plan map of the current drilling program is available at www.zenyatta.ca.
See Details:
http://finance.yahoo.com/news/zenyatta-drilling-west-pipe-yields-131500600.html
Zenyatta (ZEN.v/ZENYF) drilling results posted.
THUNDER BAY, ONTARIO--(Marketwired - Sept. 4, 2013) - Zenyatta Ventures Ltd. ("Zenyatta" or "Company") (TSX VENTURE:ZEN) is pleased to announce the following results from drilling on the East and West pipes of the 100% owned Albany (Hydrothermal) Graphite Deposit located in northern Ontario, Canada.
In reviewing the latest drill results, Aubrey Eveleigh, President and CEO stated, "We are very pleased to see initial drill holes on the West pipe confirming the existence of a second large graphite breccia body. The West pipe appears to be larger in diameter than the East pipe and closely reflects the circular conductivity anomaly defined by a ground EM ('electromagnetic') survey. Drilling to date on the West pipe has not yet identified the western limit of mineralization. Additional holes will be required before the overall dimension can be established."
To date, 13 holes have been drilled on the West pipe and 25 holes have been drilled on East pipe. The current drill campaign contemplates an additional 8-10 definition holes on both pipes and 3 large-diameter (HQ) holes on the East pipe to recover a 5 tonne bulk sample for metallurgical test work. As of the date of this news release, the first metallurgical hole (M01) drilled on the East pipe had intersected multiple zones of graphite breccia mineralization over 464 metres ("m"). Once these holes are complete, the 2013 drilling campaign will conclude and a NI 43-101 resource statement will be prepared by independent consultants RPA Inc. A plan map of the current drilling program is available at www.zenyatta.ca.
See Details:
http://finance.yahoo.com/news/zenyatta-drilling-west-pipe-yields-131500600.html
OT: Way OT: KNDI on this board. Energy comes in all shapes and sizes. Actually we have the structural issue that I am a non-paying member, that is, I am excluded from posting on VMC board, but this is a profitable company so although it could be discussed on the zipcodechanger board, I doubt it will change anyone's zipcode.
Thus, feel free to begin your boycott, girl, as VMJrEnergy works for now. By the way, as a structural issue again, TGA has been discussed at length on the premium VMC board many times rather than here. Of cours I would rather it be discussed here, but I will never boycott use of feminine hygiene products for any reason.
KNDI: Yup, a crap shoot (or anything else you'd want to call it other than investment grade), but could take off on speculation or a new contract for another big city. Lots of those in China? Yes!
Doesn't sound like a high quality vehicle, more like a car exterior on top of a 4-wheeler or golf cart frame. Also doesn't have a long driving range on a single battery charge, so good for a local intra-city transport vehicle (a.k.a. zipcar-ish). I think the biggest part of their business is the basic 4-wheeler, but I haven't looked too deeply at it.
'Tis slightly "profitable", but wouldn't qualify as a low P/E "value microcap". Still, it could gain momentum in a hurry with a new contract, as China wants to clean up some of its polluted air. This is all positive conjecture, but then I'm biased (Mostly cuz I own some).
Note the big volume/price spike in June as price doubled, but drifted back into the fours, but avg volume has remained above what it was prior the big June pop; so it seems to have gained some investor interest. I've been watching it closely and seeing some high volatility days, but seems stable lately, that is, NOT on a major downtrend at least. Maybe it will be nothing more than a nice pop and drop stock, just moving when it gets another big contract. If so, sell the news and buy back again after the dust settles.
Regards, 'peeker
ps> Probably a slightly better ride than kozuh's elevator.
KNDI is better than an energy company; it is an energy saving company.
Go KNDI! Hey, in the spirit of disclosure, I do own some of this small Chinese company, and I think their business is pretty cool, though not a TSLA for sure.
08:01 MILL
Miller Energy Resources announces RU-1A initial production; RU-1A producing over 700 barrels oil per day (5.77)
Co announced that the Company's RU-1 sidetrack (RU-1A) was completed and brought online on August 17, 2013. The newly completed well has displayed an initial production (IP) rate of over 700 barrels of oil per day (bopd) and an approximate water cut of 5% measured using an allocation method of tank volume increases. CIE is producing the RU-1A well at a reduced rate while the team conducts formation analysis. The Company plans to adjust the pumping speed and will increase production accordingly in order to preserve reservoir integrity and maintain optimal reservoir pressure.
Ivanplatts (IVP.to) strong (up 10% 2 days in a row).
Ivanplatts (IVP.to) really ramping; up 10% today.
No idea why.
Forget about ONVO afterall as briefing.com just deleted the comment about ONVO. Haven't seem them do that and not make a note about it.
ONVO: Bought some at 6.2 after seeing this from briefing.com"
Organovo: Stock spiking on chatter FDA has sent a letter to the co endorsing 3D printing of organs (6.12 +0.02)
8/21/2013 12:49:22 PM ET