Sep
1st
2010

Burger King Holdings, Inc. (BKC) Buzz Stock of the Day

Burger King WhopperBurger King Holdings, Inc. (BKC) shares surged 14.8% on high volume Wednesday morning on rumors that the 2nd largest hamburger chain in the world is in talks to be taken private by British equity firm 3G Capital Management LLC. The shares jumped as high as $19.19, the biggest surge in four years since the company’s IPO in May 2006.

Sources involved with the negotiations said the buyout discussions are advanced and a possible deal could be reached within a few days, although there is still a possibility that negotiations could collapse. A buyout of Burger King would mark the second time the company has been taken private in the past decade.

BKC - Burger King Holdi
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Analysts suggest taking Burger King private would allow the company to focus on some major challenges such as healing strained relations with its franchisees, introducing a new breakfast menu in the U.S. and differentiating itself from McDonalds.

Burger King has been facing serious issues lately, share prices have fallen 13% since the start of 2010, with global sales down -2.3% for the 2010 fiscal year and North American sales declining to a greater extent. Despite recently exceeding expectations with $49 million 4th quarter profits, or 36 cents per share, bottom-line figures were decidedly lower than the previous years’ results. Although the company faces many challenges, attributes such as healthy cash flows and opportunities to grow productivity as it expands abroad are appealing to potential buyers.

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Posted in Consumer Discretionary Stocks by admin | No Comments »

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Aug
31st
2010

Saks, Incorporated (NYSE: SKS) Buzz Stock of the Day

Sask Fifth AvenueShares of luxury goods provider Saks Incorporated (NYSE: SKS) skyrocketed Tuesday as acquisition rumors gained momentum, rallying as much as 34.00% at the open  to secure an intraday high of $8.85. Saks shares are currently hovering at $8.13 in afternoon trading, a 23.2 percent increase from yesterday’s close. Before Tuesday, Saks’s stock had risen less than 1% this year, outpacing the S&P Retail Index’s 3.5% decline.

Britain’s tabloid Daily Mail newspaper, which isn’t citing named sources, reports that a group of American and British private-equity houses have been reviewing Saks for months and are looking to make an offer for the company for $11 a share, or $1.7 billion. Saks spokeswoman Julia Bentley said the company doesn’t comment on rumors or speculation.

SKS - Saks Incorporated
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There are numerous attributes that might make Saks attractive to potential buyers. The luxury-fashion retailer has seen its earnings improve recently because of cost-cutting and higher demand for high-end products. Luxury goods sales have held up relatively well throughout the downturn, partly because unemployment is significantly lower for people with white-collar jobs, at around 5%, compared with the national 9.5% rate.

Under Chief Executive Steve Sadove, Saks has narrowed its losses and improved its sales after demand faltered in the wake of the financial-sector meltdown in 2008 that led the company to offer sharp discounts.  To bolster company financials, Saks issued $120 million in May 2009 in convertible debt and in October completed a $100 million common stock offering to help it reduce borrowings on its revolving line.

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Aug
23rd
2010

SinoCoking and Coke Chemical Industries, Inc. (SCOK) – Buzz Stock of the Day

Shares of coal products maker SinoCoking and Coke Chemical Industries, Inc. (Nasdaq: SCOK) were up nearly 30 percent from Friday’s closing price in morning trading on Monday.

Last week, the company announced that its wholly controlled affiliate, Pingdingshan Hongli Coal & Coke Co., Ltd. entered into a definitive agreement to acquire a 60 percent equity interest in Baofeng Shuangrui Coal Co., Ltd. for approximately $12.4 million. Baofeng operates the Xingsheng Coal Mine. The coalmines are similar in size, each with 2 million metric tons of estimated coal reserves.

SCOK - SinoCoking Coal a
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12.33
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14.88
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“This is a significant milestone and denotes the first step in our consolidation strategy,” said Jianhua Lv, Chairman and CEO of SinoCoking in a statement. “As the Chinese government continues its efforts to consolidate small coal mines to improve both production efficiencies and safety protocols, we are well positioned with the appropriate approvals to capitalize on this opportunity.”

Pursuant to the Agreements, Hongli will the pay the owners of each mining company an aggregate purchase price of $6.2 million in cash, of which approximately $1.5 million was provided as a refundable deposit to examine the financials, licenses, and reserve data. The purchase will be made under the following schedule for each mining company: $1.7 million within 30 business days from the September 10, 2010; $0.7 million within 20 business days from the completion of the transfer of equity interests to Hongli; $0.7 million within six months from the completion of the transfer of equity interests to Hongli; the balance within one year from the completion of the transfer of equity interests to Hongli. If total annual output is less than 150,000 metric tons, Hongli is entitled to an additional 10 percent of equity interests; and if coal reserves are less than 2 million metric tons, Hongli is entitled to an additional 10 percent of equity interests.

Shares of SinoCoking and Coke Chemical Industries, Inc. are trading about 70 percent lower than their 52-week high of $53.70 per share.

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Aug
19th
2010

EntreMed, Inc. (ENMD) – Buzz Stock of the Day

Shares of oncology-focused drug developer, EntreMed, Inc. (Nasdaq: ENMD) were up as much as 28 percent from Wednesday’s closing price in morning trading on Thursday. The company recently announced a second quarter net loss of $4.9 million, or 62 cents per share, compared with a net loss of $3.1 million, or 46 cents per share for the same period a year ago.

According to EntreMed’s Executive Chairman, Michael Tarnow, the second quarter was “pivotal” for the company. “During the second quarter, we achieved a critical milestone with the initiation of a multi-center Phase 2 study for ENMD-2076 in ovarian cancer patients,” he said in a statement.

ENMD - EntreMed, Inc.
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ENMD-2076 is an orally-active, Aurora A/angiogenic kinase inhibitor with a unique kinase selectivity profile and multiple mechanisms of action. Preclinical studies with ENMD-2076 demonstrated significant antitumor activity, including tumor regression, in multiple solid and hematological malignancies. ENMD-2076 has been shown to inhibit a distinct profile of angiogenic tyrosine kinase targets in addition to the Aurora A kinase. Aurora kinases are key regulators of mitosis (cell division), and are often over-expressed in human cancers.

Last month, the company announced the publication of preclinical data for its Phase 2 oncology drug candidate, ENMD-2076 an Aurora A/angiogenic kinase inhibitor, which demonstrated significant activity against multiple myeloma (MM) cell lines and in MM models in vivo. Results of the study, conducted by EntreMed’s collaborator, Sherif Farag, M.D., Ph.D., and colleagues at the Indiana University School of Medicine, were published in the on-line version of the British Journal of Haematology on June 15, 2010 and were scheduled to be published in print in the August 1.

For the first six months of 2010 the reported net loss was ($7.1 million), or ($0.95) per share as compared to ($6.6 million), or ($0.98) per share for 2009.

As of June 30, 2010, EntreMed had cash and short-term investments of approximately $8 million.

EntreMed announced a 1-for-11 reverse stock split on June 30, 2010, to better enable the company to maintain its listing on the Nasdaq Capital Market. As a result of the reverse split, the number of shares of outstanding common stock will be approximately 9.5 million, excluding stock options and unexercised warrants and subject to adjustment for fractional shares.

Click here to read what other traders are saying about EntreMed on the company’s official Buzz Stocks Board!

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Aug
17th
2010

Pacific Ethanol, Inc. (PEIX) – Buzz Stock of the Day

We first covered Pacific Ethanol, Inc. (Nasdaq: PEIX) on June 30, 2010, after the company announced that four of its wholly-owned subsidiaries had emerged from bankruptcy. Shares were up almost 60 percent on that day, from the previous day’s closing price.

Shares of Pacific Ethanol surged again on Tuesday, this time as much as 42 percent from the previous day’s closing price after the company posted earnings of $107.8 million or $1.43 per share for the three months ended June 30, compared to a loss of $28.2 million or 49 cents per share in the same period last year. The boost in earnings was primarily due a non-cash gain of $119 million, and an 88 percent increase in total gallons sold, offset by a  lower average price per gallon.

PEIX - Pacific Ethanol,
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0.59
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Net sales in the quarter increased 9 percent to $76.8 million, compared to $70.1 million in the same quarter a year ago. The company also reduced its SG&A expenses by 49 percent, and improved adjusted EBITDA by $8.4 million, compared to the second quarter of 2009.

Pacific Ethanol’s CEO Neil Koehler described the second quarter as “pivotal” for the company. “We delivered sales growth, dramatically reduced operating expenses, and improved adjusted EBITDA,” he said in a statement. “We successfully led the production facilities out of bankruptcy effective June 29th, substantially reducing our debt and other liabilities by $295 million. During the quarter, we also reduced other debt by $9 million. In addition to strengthening our balance sheet, we reduced selling, general and administrative expenses to less than half of what they were for the same quarter last year, thus establishing a stable platform for growth.”

On June 29, 2010, PEI’s wholly-owned plant holding company, PEH, and its four plant subsidiaries exited bankruptcy and the ownership of PEH was transferred to certain lenders. As a result, PEI recorded a $119.4 million non-cash gain from the disposition of liabilities of $294.5 million net of assets of $175.1 million that were removed from its balance sheet. Simultaneously, PEI began operating under its newly announced operating and marketing agreements with the ethanol production facilities upon their emergence from bankruptcy.

Click here to read what other traders are saying about Pacific Ethanol, Inc. on the company’s official Buzz Stocks Board!

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Aug
16th
2010

ResCare, Inc. (RSCR) – Buzz Stock of the Day

Shares of home care services provider ResCare, Inc. (Nasdaq: RSCR) surged as much as 20 percent from Friday’s closing price in morning trading on Monday after it was announced that Toronto-based investment firm, Onex offered to buy approximately 75 percent of the common and preferred shares of Res-Care for $12.60 per share, which is a 24 percent premium over Friday’s closing price of $10.14 per share.

Affiliates of Onex currently hold 24.9 percent of the common and preferred shares of Louisville-based Res-Care.

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There currently are about 29 million shares outstanding.

ResCare recently reported second quarter profit of $8.1 million, or 28 cents per diluted common share, up from $7.1 million, or 25 cents per diluted common share in the same period a year ago. Second quarter revenue dipped 2 percent to $396.1 million, compared to revenue of $405.3 million for the same period in 2009. EBITDA for the second quarter of 2010 was $26.4 million versus $23.7 million in the prior year quarter.

ResCare confirmed its 2010 guidance issued on March 8, 2010, including revenues of approximately $1.6 billion and diluted earnings per common share in the range of $1.05 to $1.15.

Click here to read what other traders are saying about ResCare, Inc. on the company’s official Buzz Stocks Board!

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Aug
10th
2010

Alphatrade.com (APTD) – Micro-Cap Buzz Stock

Shares of Alphatrade.com (OTCBB: APTD) were up more than 60 percent from Monday’s closing price in afternoon trading on Tuesday. Over the past few weeks, Alphatrade has been featured in several penny stock newsletters, most of which have touted the company as “setting itself up for what looks like a major breakout.”

Most recently, Alphatrade issued a press release announcing that the company was “pleased” with its cash flow positive position.

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“Our growth can be described as proficient, we offer cost effective solutions to both corporate and retail users. In addition, it is our goal in these tough economic times, to offer dollar-for-dollar the best product in the market.” stated CEO Gordon Muir in a statement.

Alphatrade’s revenues for the three months ended March 31, 2010 were $892,395,  49 percent lower than the $1,751,146 in revenue the company reported for the same period in 2009. The sharp drop was largely due to a 74 percent decline in advertising revenue, which shrunk to $263,001 in the quarter from $1,045,846 in the same period a year ago.

Despite the drop in revenue, Alphatrade managed to swing to a profit of  of $62,692 for the three months ended March 31, 2010 compared to a loss of ($310,179) for the three months ended March 31, 2009. The company also saw a 69 percent increase in revenue from sales of its E-Trax tool and web site development programs. Revenue from these products was $88,496 during the quarter ended March 31, 2010 compared to $52,442 for the same period in 2009.

According to a recent press release, Alphatrade.com is preparing to report “a positive 2nd Quarter cash flow subsequent to positive 1st Quarter cash flow reported earlier this year.”

AlphaTrade was incorporated in 1998 and currently has 16 employees committed to sales, marketing, customer service, programming, coding and general administration.

Click here to read what other traders are saying about Alphatrade.com on the company’s official Buzz Stocks Board!

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Aug
10th
2010

Carbon Sciences, Inc. (CABN) – Micro-cap Buzz Stock of the Day

We first featured Carbon Sciences, Inc. (OTCBB: CABN) in early June after the Company announced on that it filed the first of a series of patent applications for its clean-tech CO2 based Gas to Liquids (GTL) fuel technology for transforming a combination of natural gas and carbon dioxide (CO2) directly into gasoline. Shares were up nearly 70 percent that day.

Shares of Carbon Sciences were up again today — trading roughly 37 percent higher than Monday’s closing price, in morning trading on Tuesday.

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The company announced the successful synthesis of a proprietary raw catalyst, an essential step toward demonstrating commercial feasibility of Carbon Sciences’ GTL technology.

“A fully active and stable catalyst will be the key to our success,” said Dr. Naveed Aslam, inventor of the technology. “Synthesizing our proprietary raw catalyst is a vital step in a multi-stage catalyst synthesis and activation process,” he added.

GTL is a complimentary refinery processes that converts natural gas and other gaseous hydrocarbons into longer chain hydrocarbons such as gasoline. Carbon Sciences has estimated that they can produce 138 billion gallons of gasoline a year (the annual amount used in the U.S.) with 23 trillion cubic feet of natural gas and 586 million tons of CO2 without using crude oil or competing with current natural gas consumption.

“The production of this catalyst is the actual laboratory scale implementation of the catalyst formulation and its synthesis process disclosed in the patent,” said Byron Elton, CEO of Carbon Sciences, Inc. in a statement. “It is a major step forward for us.”

Click here to read what other traders are saying about Carbon Sciences, Inc. on the company’s official Buzz Stocks Board!

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Aug
4th
2010

Buzz Stocks Interview: OTCBB: ASKE

Jim King, Sr., Chairman and CEO of Alaska Pacific Energy Corp. (OTCBB: ASKE) recently conducted an interview with us. King covered a wide range of topics during the interview including: the pending acquisition of Engineering Technology, Inc. (“Entec”), steps the company is taking to gain more exposure to the Canadian market, anticipated closing date of the Entec acquisition, and key growth drivers for investors to watch for over the next 6-12 months.

Watch the interview below:

Disclosure: BuzzStocksLive.com is not a registered investment advisor, and nothing contained in this interview should be construed as a recommendation to buy or sell any securities. BuzzStocksLive.com is owned and operated by Longview Communications Corp. (“Longview”). Longview has received fifty thousand dollars from Alaska Pacific Energy Corp., and is expecting to receive one hundred forty two thousand eight hundred fifty seven restricted shares from ASKE from Alaska Pacific Energy Corp. for media and advertising services. . View our entire disclaimer at: http://www.buzzstockslive.com/disclaimer/.

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Aug
4th
2010

Guanwei Recycling Corp. (GPRC) – Buzz Stock of the Day

Shares of Chinese polyethylene manufacturer, Guanwei Recycling Corp. (Nasdaq: GPRC) were up more than 20 percent from Tuesday’s closing price in morning trading on Monday. Trading volume was more than 10 times the company’s three-month average.

“China, right now is the biggest plastic importer in the world,” said Guanwei Recycling’s VP of marketing Liya Wu, in an interview with TheStreet.com. “Our annual import of plastic waste is about…5 million tons to 7 million tons. So it’s really the biggest market. China is not only the biggest market not only in the volume of the plastic manufacturer, but also as a plastic products exporter, and we are the biggest recycler of plastics.”

GPRC - Guanwei Recycling
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Guanwei Recycling generates most of its business from Europe. Most recently, the company announced a sales contract with Sunshine Handels & Consulting GmbH, a leading German recycling company, for the purchase of 25,000 tons of LDPE waste through June 2011, which will be converted into recycled LDPE at Guanwei’s clean tech facilities in Fuqing City. Europe, has a “higher waste classification system” than the U.S., according to Wu.

Guanwei is currently focused on increasing its environmental protection levels, and increasing its manufacturing capacity, according to Wu.

For the three months ended March 31, 2010, net revenue was $9,494,226, representing a 58.01% decrease from net revenue of $22,611,689 for the three months ended March 31, 2009. This sharp decrease was primarily caused by the fact that, unlike the first quarter of 2009, Guanwei did not sell any raw materials or purchased recycled LDPE during the first quarter of 2010.

Shares are currently trading about about 21 percent lower than the company’s 52-week high of $5.70.

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