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Technical Trade Alerts on Market Movers: NHYT, FEED, FLWS, CYCL, PDGI, SBGI for Oct. 13
10/13/08
ticker(s):
NHYT,
FEED,
FLWS,
CYCL,
PDGI,
sector(s):
Today's Trade Alerts include: Neohydro Technologies Corp. (OTCBB: NHYT: Summary, Messages, Articles), AgFeed Industries Inc. (Nasdaq: FEED: Summary, Messages, Articles), 1-800-Flowers.com (Nasdaq: FLWS: Summary, Messages, Articles), Centennial Communications Corp. (Nasdaq: CYCL: Summary, Messages, Articles), PharmaNet Development Group Inc. (Nasdaq: PDGI: Summary, Messages, Articles) and Sinclair Broadcast Group Inc. (Nasdaq: SBGI: Summary, Messages, Articles).
Neohydro Technologies Corp. (NHYT: Summary, Messages, Articles) Trade Alert - World-Renowned Scientist to Push NHYT's Scientific Efforts
Shares of Neohydro Technologies (NHYT: Summary, Messages, Articles) slipped 1.89% to trade at 52 cents Monday morning. The company operates as a service company for providing economical end-to-end water supply solutions for industrial clients globally. The company is the exclusive licensee for the worldwide industrial applications of the Neohydro and Brinecell technologies.
The company's 30 years of research and development has enabled Neohydro to bring a noninvasive, cost-efficient solution to industrial waste water management. By improving the way industrial water is treated, Neohydro will redefine the management, flexibility, efficiency and cost-effectiveness of industrial water supply.
In chemistry and manufacturing, electrolysis is a method of separating chemically bonded elements and compounds by passing an electric current through them. It can be used to remove oxidative contaminates in water to eliminate environmental problems.
The company recently appointed Dr. I.J. Wilk, Ph.D, a world-renowned chemist in the field of electrolysis, as the company’s senior scientist.
Dr. Wilk, who brings 45 years of experience as a Ph.D. commercial chemist, has focused on electrolysis to generate water purification solutions. He has worked specifically in proving the effectiveness of the anodes, the core intellectual property of any electrolytic system.
With his extensive contacts and relationships, he will assemble and manage the company’s chemical and microbiology team. Dr. Wilk will oversee the company’s research and development in all waste-water treatment applications.
He will also lead the company in obtaining approvals for the sterilization of medical devices for the medical industry. Dr. Wilk will also lead the company’s “green initiative” in providing benefits using high-voltage electrolysis to eliminate the spread of E coli and salmonella in a non-invasive manner for the food industry.
Commenting on Dr. Wilk's appointment, CEO Dean Themy said the company is extremely privileged to bring such a well-known professional like him on the team. He added that his experience and knowledge with the company's high-voltage electrolytic processes will propel the company’s scientific efforts immediately.
Neohydro uses its proprietary industrial water re-use and water treatment applications to provide purified water for agriculture irrigation, drinking water, municipal water, and other point-of-use water needs. The company believes its technology will perpetuate ethical and environmentally-sound business practices while substantially alleviating the growing water supply crisis.
In its recent chart, NHYT is trading within its Bollinger Bands, a normal condition signaling that the stock is neither overbought nor oversold relative to the recent price action. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.
AgFeed Industries Inc. (FEED: Summary, Messages, Articles) Trade Alert - FEED Announces $10M Share Buy Back Program, Poised for Favorable Q3
AgFeed Industries (FEED: Summary, Messages, Articles) jumped 12.28% Monday, trading at $5.85. AgFeed engages in the research and development, manufacture, marketing, distribution and sale of pre-mix fodder blended feed and feed additives primarily for use in People's Republic of China's domestic pork husbandry market.
The company recently announced its board of directors has approved and authorized a share buy back program for as much as $10 million of its common stock. It intends to begin the repurchase program as soon as possible, in accordance with the rules and regulations of the U.S. Securities and Exchange Commission that govern such purchases. The repurchases will be funded with available cash on hand. Any shares of common stock repurchased under the program will be returned to treasury.
Also, the largest commercial hog producer and premix feed company in China expects to report record third-quarter earnings by early November, based on preliminary financial results from the company's third quarter ended September 30, 2008. In addition, AgFeed affirms its 2008 earnings guidance of adjusted earnings per share of $1.10.
AgFeed has confirmed that the company is not aware of any negative development within the company that may impact AgFeed's financial performance and normal business operations.
Chairman Dr. Songyan Li stated, "AgFeed's board and management remain totally committed to enhancing shareholders value through solid earnings growth and good corporate governance. AgFeed will continue to execute its business plan in a favorable environment in which we see our strong operating efficiencies and increased economies of scale benefiting our financial performance. AgFeed management's agreement to enter into share lock up agreements is a reflection of our total commitment to the interest of our public shareholders. We look forward to reporting our 3rd quarter financial results."
Through its acquisition of Lushan Breeder Pig Farm Co., Ltd. (Lushan) on November 9, 2007, the company is also engaged in the business of raising, breeding and selling hogs for use in China's pork production and hog breeding markets.
AgFeed operates through three wholly owned subsidiaries, Shanghai Best Animal Husbandry Co., Ltd., Guangxi Huijie Sci. & Tech. Feed Co., Ltd. and Nanchang Best Animal Husbandry Co., Ltd., and one 90%-owned subsidiary, Lushan.
The company operates production plants in Nanchang City, Shanghai City and Nanning City, and has a swine farm located in HuaLin Town in Jiangxi Province. In June 2008, the company acquired premix feed company, Hainan Hopejia Feed Co., located in China's southern Hainan province.
In its recent chart, FEED's MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages. Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend.
1-800-Flowers.com (FLWS: Summary, Messages, Articles) Trade Alert - FLWS to Release Fiscal 2009 Q1 Results on October 23
1-800-Flowers.com Inc. (FLWS: Summary, Messages, Articles) shares rose 2.05% Monday morning, trading at $4.48. The company offers a range of products, including flowers, floral arrangements and plants, gifts, popcorn, gourmet foods and gift baskets, cookies, candy and wine, home and garden merchandise, and toys and games for children.
The world’s leading florist and a provider of specialty gifts for all occasions recently announced it will release financial results for its fiscal 2009 first quarter, ended Sunday, September 28, 2008, on Thursday, October 23, 2008. The press release will be issued prior to market opening and will be followed by a conference call with members of senior management at 11 a.m. EDT.
The company recently named Jan Murley, an experienced turnaround specialist, as the interim president of its consumer floral business. Murley replaces Monica Woo, who had been running the unit for the last two years. Prior to heading up the consumer floral business, Woo served as chief marketing officer for 1-800-Flowers.com.
For more than 30 years, 1-800-Flowers.com has provided fresh flowers, plants, gift baskets, gourmet foods, confections and plush stuffed animals. It was named one of the top 50 online retailers by Internet Retailer, as well as 2008 Laureate Honoree by the Computerworld Honors Program and the recipient of ICMI’s 2006 Global Call Center of the Year Award.
The company's BloomNet international floral wire service provides a range of products and value-added services designed to help professional florists. The 1-800-FLOWERS.COM Inc. Gift Shop also includes gourmet gifts such as popcorn and specialty treats from The Popcorn Factory; cookies and baked gifts from Cheryl&Co.; chocolates and confections from Fannie May Confections Brands; gourmet foods from Greatfood.com; wine gifts from Ambrosia; gift baskets from 1-800-BASKETS.COM and DesignPac Gifts, as well as Home Decor and Children's Gifts from Plow & Hearth, Wind & Weather, HearthSong and Magic Cabin.
On July 21, 2008, the company acquired selected assets of Napco Marketing Corp.
In its recent chart, FLWS's Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.
Centennial Communications Corp. (CYCL: Summary, Messages, Articles) Trade Alert - CYCL Reports Increased Q7 Income, Zacks Maintains Hold Rating
Centennial Communications Corp. (CYCL: Summary, Messages, Articles) shares jumped 8.64% to trade at $3.27 in early Monday trading. Centennial is a regional wireless and broadband telecommunications service provider serving more than 1.1 million wireless customers and approximately 582,200 access line equivalents in markets covering approximately 13 million Net Pops in the United States and Puerto Rico.
The company recently reported net income of $7.5 million, or 7 cents per diluted share, for the fiscal first quarter of 2009, as compared to net income of $5.8 million, or 6 cents per diluted share, in the fiscal first quarter of 2008. Consolidated adjusted operating income was $101.3 million for the fiscal first quarter, as compared to $94.6 million for the adjusted prior-year quarter. For comparison, the company's fiscal 2008 financial results have been adjusted to reflect the discontinuation of its loaned phones program in Puerto Rico as of June 1, 2008.
According to CEO Michael J. Small, the company again benefited from strong retail ARPU growth by selling at every customer touch-point and harnessing a growing data revenue opportunity in the U.S.
In Puerto Rico, Small said the company's new menu of unlimited rate plans remains a key differentiator with premium users of wireless service. He added that the company is seizing the initiative with an unparalleled collection of assets to attack the enterprise, residential and wireless markets in a comprehensive way.
Zacks maintains its Hold rating for Centennial, based on the company’s recent operational performance driven by stronger than expected revenue and earnings, along with sustainable subscriber growth.
The firm remains concerned with competitive factors in Centennial’s coverage markets that may challenge customer retention and pricing structure and higher churn rates in some operating regions. Moreover, the company’s high net debt level of approximately $1.9 billion and limited cash on its balance sheet remain issues to consider.
In the United States, it is a regional wireless service provider in small cities and rural areas in two geographic clusters covering parts of six states in the Midwest and Southeast. In its Puerto Rico-based service area, which also includes operations in the United States Virgin Islands, it is a facilities-based, fully integrated communications service provider offering both wireless service and, in Puerto Rico, broadband services to business and residential customers.
In its recent chart, CYCL's Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.
PharmaNet Development Group Inc. (PDGI: Summary, Messages, Articles) Trade Alert - PDGI to Release Q3 2008 Financial Results October 29
PharmaNet Development Group (PDGI: Summary, Messages, Articles) shares jumped 16% Monday morning to $4.06. PharmaNet is a global drug development services company providing clinical development services, including consulting phase I and bioequivalency clinical studies, and phase II, III and IV clinical development programs to pharmaceutical, biotechnology, generic drug and medical device companies around the world.
The company recently announced it will release its third quarter 2008 financial results Wednesday, October 29, 2008, after market close. The company plans to host a conference call and webcast to review these results on Thursday, October 30, 2008, at 8 a.m. ET.
PharmaNet conducts its operations in two segments: early stage and late stage clinical development. Early stage consists primarily of its Phase I and bioequivalency clinical trial services, and bioanalytical laboratory services, including early clinical pharmacology. Late stage consists primarily of phase II through phase IV clinical trial services and an array of related services, including data management and biostatistics, medical and scientific affairs, regulatory affairs and submissions, clinical information technology services, and consulting services.
With approximately 2,500 employees and 42 facilities throughout the world, PharmaNet is a recognized leader in outsourced clinical development.
Less than a month ago, S&P downgraded PharmaNet's lowered its corporate credit rating on PharmaNet, citing the clinical development services company's repeated contract cancellations.
On Sept. 12, the PharmaNet said its backlog had been reduced by $58.3 million because of recently canceled contracts. The company also reported several canceled contracts in the fourth quarter of 2007 and the beginning of 2008, and shares have been trading around five-year lows.
In its recent chart, PDGI's Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Additionally, PDGI is trading near its lower Bollinger Band, signaling that the stock price is low relative to its recent price action. MACD reflects a weak bullish signal, with the indicator trending above the signal line, but still below the critical 0 level, indicating that the underlying moving averages are bearish. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.
Sinclair Broadcast Group Inc. (SBGI: Summary, Messages, Articles) Trade Alert - SBGI Lowers Q3 Revenue Outlook, Citing Financial and Economic Environment
Shares of Sinclair Broadcast Group Inc. (SBG) jumped 9.01% after Monday’s opening bell, trading at $3.51. Sinclair is a diversified television broadcasting company that owns or provides certain programming, operating or sales services to television stations in the United States.
The Baltimore-based television station operator recently cut its third-quarter broadcast revenue outlook. The company expects the unit's third-quarter revenue to be flat with last year's results of $149.4 million. That's down from August's forecast, when the broadcaster said it expected revenue to grow as much as 3.4% to between $152.5 and $154.4 million.
Blaming the nation's dour financial and economic environment for the lowered outlook, the company said politicians were spending less money to buy local advertisements than previously expected. Political ad revenue for the quarter will likely be 17% less than anticipated as campaigns place ads on national network instead of in local markets.
The company said car makers and dealers along with fast food restaurants are also canceling advertising purchases.
Sinclair owns, provides programming and operating services pursuant to local marketing agreements (LMAs) or provides (or are provided) sales services pursuant to outsourcing agreements to 58 television stations in 35 markets. It has a mid-size market focus and 43 of its 58 stations are located in television designated market areas (DMAs).
The company's television station group is diverse in network affiliation, FOX (20 stations); MyNetworkTV (17 stations); ABC (nine stations); The CW (nine stations); CBS (two stations) and NBC (one station). It broadcasts free over-the-air programming to television viewing audiences in the communities the company serves through its local television stations.
In its recent chart, SBGI’s Bollinger Bands indicate greater than normal volatility as reflected by an increase in distance between the upper and lower bands. Trading within its Bollinger Bands, the stock reflects neither an overbought nor oversold condition relative to its recent price trend. MACD reflects a strong bearish signal, with the indicator below the 9-day moving average signal line, and also below the critical 0 level, indicating that moving averages are trending lower. With share prices currently below the stock's 13-day moving average, the bearish signal is more pronounced with decreasing moving averages.
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Today
| Stocks | Searches Today | ||
|---|---|---|---|
| NHYT | Summary Messages Articles | 0 (new!) | |
| FEED | (AGFEED INDUSTRIES) | Summary Messages Articles | 0 (new!) |
| FLWS | (1-800-FLOWERS.COM) | Summary Messages Articles | 0 (new!) |
| CYCL | (CENTENNIAL COMM C) | Summary Messages Articles | 2 (0%) |
| PDGI | (PHARMANET DEV GRP) | Summary Messages Articles | 0 (new!) |
| SBGI | (SINCLAIR BRDCST A) | Summary Messages Articles | 0 (new!) |
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