American International Group Inc. (NYSE: AIG) $34.32 +0.26% AIG raises $452 million through sale of Transatlantic shares (NYSE:AIG), ($AIG)

Gramercy Capital Corp. (NYSE: GKK) $2.50 -40.48% Gramercy reports FFO fell to a loss of $71.8 million, versus positive FFO of $35.9 million a year ago (NYSE:GKK), ($GKK)

ConocoPhillips (NYSE: COP) $51.65 -0.06% ConocoPhillips subsidiary agrees to pay to $588K to settle 2004 Tacoma oil spill claim (NYSE:COP), ($COP)

Cisco Systems Inc. (NASDAQ: CSCO) $26.08 +0.77% StreetInsider.com: Goldman Sachs raises price targets on networking stocks (NASDAQ:CSCO), ($CSCO)

Nortel Networks Corp. (USA) (OTC: NRTLQ) $0.09 +70.60% NRTLQ moving on above average volume (OTC:NRTLQ), ($NRTLQ)

Research In Motion Limited (USA) (NASDAQ:RIMM) $75.54 +0.27% (NASDAQ:RIMM), ($RIMM)

China Sunergy Co. Ltd. (ADR) (NASDAQ: CSUN) $4.05 -1.46% CSUN to acquire 100% of the shares of two related module manufacturers (NASDAQ:CSUN), ($CSUN)

Medtronic Inc. (NYSE: MDT) $45.81 +4.26% Medtronic announces initial results of STOP AF clinical trial (NYSE:MDT), ($MDT)

Citigroup Inc. (NYSE: C) $3.89 -2.02% StreetInsider.com: Citi issues some data on February credit-card delinquencies and write-offs (NYSE:C), ($C)

Smartlinx Inc. (OTC: SMLK) $0.730 +43.14% Smartlinx signs memorandum of understanding with Nettlinx to collaborate on the development of biometric based eGovernance system (OTC:SMLK), ($SMLK)

KCM Holdings Corp. (OTC: KCMH) $0.0600 — KCM Holdings announces 2010 progress update for its incubation portfolio (OTC:KCMH), ($KCMH)

Dana Resources (OTC: DANR) $0.0310 +11.11% Chota Silver Mine Update (OTC:DANR), ($DANR)

Blast Applications Inc. (OTC: BLAP) $0.0150 +66.67% Blast Applications launches live updating tasks manager system (OTC:BLAP), ($BLAP)

Zevotek Inc. (OTC: ZVTK) $0.0047 +38.24% Zevotek receives $100,000 order to buy Ionic Bulbs for delivery in March 2010 (OTC:ZVTK), ($ZVTK)

Newport Digital Technologies Inc. (OTC: NPDT) $0.0180 -4.26% Former minister of the Ministry of Economic Affairs of Taiwan (MOEA) joins NPDT advisory board (OTC:NPDT), ($NPDT)

Neurologix Inc. (OTC: NRGX) $0.680 +4.62% Neurologix receives Notice of Allowance from the U.S.PTO for epilepsy therapeutic approach (OTC:NRGX), ($NRGX)

Green Oasis Environmental (OTC: GRNO) $0.370 -5.13% Morgan Stanley forecasts 2010 oil to reach $95 per barrel, Company reports (OTC:GRNO), ($GRNO)

Turbodyne Technologies Inc. (OTC:TRBD) $0.0110 +10.00% Volume alert (OTC:TRBD), ($TRBD)

Artfest International Inc. (OTC: ARTS) $0.0050 +38.89% ARTS shareholders of record to receive Artfest Direct dividend valued at $10/share (OTC:ARTS), ($ARTS)

Phillips-Van Heusen Corp. (NYSE: PVH) $52.03 +9.00% Phillips-Van Heusen reaches deal to buy Tommy Hilfiger for about $3 billion in cash and stock (NYSE:PVH), ($PVH)

Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) $22.00 +8.61% FDA issues complete response letter for exenatide once weekly submission, AMLN shares rise (NASDAQ:AMLN), ($AMLN)

Apple Inc. (NASDAQ: AAPL) $221.77 -2.13% AAPL levels to watch (NASDAQ:AAPL), ($AAPL)

St. Jude Medical Inc. (NYSE: STJ) $40.00 +6.67% St. Jude Medical announces several updates to its PressureWire™ platform(NYSE:STJ), ($STJ)

Chordiant Software Inc. (NASDAQ: CHRD) $4.97 +30.45% Chordiant to be acquired by Pegasystems for $162 million (NASDAQ:CHRD), ($CHRD)

Google Inc. (NASDAQ: GOOG) $557.01 -3.89% Google remains in talks with the Chinese government about censorship of its Chinese Web search service, despite mounting signs the company could soon shut the site-Reuters (NASDAQ:GOOG), ($GOOG)

MannKind Corp. (NASDAQ: MNKD) $9.10 -13.17% FDA requests additional information regarding Afrezza (NASDAQ:MNKD), ($MNKD)

Boston Scientific Corp. (NYSE: BSX) $6.50 -16.45% Boston Scientific halts defibrillator shipment, shares tumble (NYSE:BSX), ($BSX)

Wal-Mart Stores Inc. (NYSE: WMT) $55.27 +2.54% Americanbankingnews.com: Wal-Mart gets upgraded to Buy at Citigroup (NYSE:WMT), ($WMT)

Consol Energy Inc. (NYSE: CNX) $49.34 +-9.18% Consol Energy agrees to buy Dominion’s Appalachian natural gas properties for $3.48 billion in cash (NYSE:CNX), ($CNX)

by Dominique Salto, Beacon Contributing Writer

TerreStar Corporation ( TSTR)operates several subsidiaries engaged in the integrated satellite wireless communications business with the intent to offer 3G terrestrial mobile Internet protocol service.  The Company expects to provide voice, data and video communications as a next generation mobile communications service throughout North America.  The Company’s TerreStar Global Ltd. subsidiary intends to offer Pan-European integrated mobile satellite service and 3G terrestrial communications to facilitate emergency communications and rural Internet protocol connectivity.  Founded in 1988, the Company is headquartered in Reston, Virginia.

Source: Reuters.com, SEC Filings.

Financial Summary

Source: Reuters.com, SEC Filings.

Analyst Consensus

No analysts rates shares of TSTR at this time.

Investment Highlights

The Company plans to offer ubiquitous Internet and communications connections commonly referred to as mobile satellite service (MMS) within North America.  By offering a two gigahertz band in conjunction with ancillary terrestrial components (ATC), the Company will be able to connect an integrated satellite with a 3G terrestrial wireless communications network.  Mobile device users will be able to communicate through the present land-based wireless network when within range, but will also have access to the satellite when out of range of the land-based wireless network.

With the successful deployment of TerreStar-1 satellite on July 1, 2009, the Company enters into the first step of a truly integrated satellite and 3G terrestrial communications network to service North America.  The value of this service to commercial enterprises and government agencies is profound.  Seamless communications to facilitate mobile communications devices offers convenience and critical communications to business and emergency personnel anywhere in the United States, Canada, Puerto Rico and the U.S. Virgin Islands.

Institutional interest in the stock is impressive, including Harbinger Capital Partners, Solus Alternative Asset Management, Vanguard and Barclays among a dozen other well-known financial institutions participating  in the Company’s prospects, totaling nearly 70% of shares held by institutions and mutual funds, according to Reuters.

Following the signing of a nationwide roaming agreement in August of 2008, the Company and AT&T Mobility have been collaborating to enable reselling satellite phone and service through TerreStar-1.  AT&T’s commitment and record of heavy institutional interest–especially in a company that hasn’t made a dime yet—may bode well for small investors interested in taking a stake in this venture.  Moreover, a steady stream of news releases from the Company regarding the incremental success of activating TerreStar-1 lends credibility of management’s ability to execute its business plan.

Competition from SkyTerra Communications Inc. (OTCBB: SKYT) may be a potential fly in the ointment for the Company, with SKYT scheduled to launch two satellites of its own next year.  SKYT, however, announced on September 25 that it intends to go private with the help of Harbinger Capital Partners Master Fund I, Ltd and Harbinger Capital Partners Special Situations Fund L.P., leaving TSTS among only three players (GSAT & ICOG as the other two) in town for small investors to participate in this new frontier.  Presently, Harbinger Capital controls approximately 40% of the Company’s total outstanding shares.

Latest Company News

On March 12, the Company said in a news release that it has received notification from the NASDAQ that the Company’s share price has failed to trade above $1.00 for thirty consecutive days.  Pursuant to NASDAQ Marketplace Rule 5450(a)(1), the Company  has 180 calendar days to regain compliance.

Technical Analysis

Source: http://stockcharts.com/h-sc/ui?s=TSTR

TSTR trades above its 13-day moving average. This bullish sign is somewhat less significant, however, because the 13-day moving average is below the 50-day, 100-day and 200-day moving averages.

The MACD for TSTR currently indicates a bullish signal.  The MACD is above the signal line, a 9-day moving average of the MACD.  The MACD is above the critical level of 0, which implies the past price action has been positive.  Overall, the chart is near-term bullish.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	(13,552,200)
% Change in Institutional Shares Held	(24.0%)

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

]]> http://www.beaconequity.com/stock-alert-for-terrestar-corp-tstr/feed/ 0 http://www.beaconequity.com/stock-alert-for-dryships-inc-drys-3/ http://www.beaconequity.com/stock-alert-for-dryships-inc-drys-3/#comments Mon, 15 Mar 2010 08:24:06 +0000 BeaconEquity.com http://www.beaconequity.com/?p=7971 DryShips Inc. (NASDAQ: DRYS)

by Eric Ryan, Beacon Contributing Writer

DryShips Inc. (DRYS) owns, through its subsidiaries, a fleet of 40 drybulk carriers comprised of seven Capesize, 29 Panamax, two Supramax and two newbuilding drybulk vessels, as well as two ultra-deep-water semi-submersible drilling rigs and two ultra-deep-water newbuilding drillships. The Company’s drybulk fleet carries a variety of drybulk commodities including coal, iron ore, and grains, bauxite, phosphate, fertilizers and steel products. DRYS employs its drybulk vessels under period time charters, on bareboat charters, in the spot charter market and in drybulk carrier pools. Its subsidiaries include Ocean Rig ASA, DrillShips Investment Inc. and Primelead Shareholders Inc.

The Company was founded in 2004 and is based in Athens, Greece.

Source: Reuters.com, SEC Filings.

Financial Summary

The Company recorded net income of $1.4 million, or $0.01 basic and diluted loss per share for the three-month period ended December 31, 2009, as compared to a net loss of $1.0 billion, or $18.42 basic and diluted loss per share for the three-month period ended December 31, 2008. EBITDA was $75.9 million for the fourth quarter of 2009 as compared to negative $932.2 million for the same period in 2008.

Basic loss per share, as defined earlier in this press release, for the fourth quarter of 2009 includes a non-cash accrual for the cumulative payment-in-kind dividends on the Series A Convertible Preferred Stock, amounting to $4.1 million, which reduces the income available to common shareholders. For the drybulk carrier segment, net voyage revenues (voyage revenues minus voyage expenses) decreased by $5.1 million to $112.0 million for the three-month period ended December 31, 2009, as compared to $117.1 million for the three-month period ended December 31, 2008. For the offshore drilling segment, revenues from drilling contracts amounted to $74.1 million for the three-month period ended December 31, 2009, as compared to $87.5 million for the same period in 2008. This decrease is mainly due to the deferral of revenue during the fourth quarter of 2009 as a result of the mobilization of the Leiv Eiriksson from the North Sea to the Black Sea.

Total vessel and rig operating expenses and total depreciation and amortization decreased to $45.5 million and $50.1 million, respectively, for the three-month period ended December 31, 2009, from $56.5 million and $49.7 million, respectively, for the three-month period ended December 31, 2008. The decrease in operating expenses is mainly due to the deferral of direct operating costs during the fourth quarter of 2009 as a result of the mobilization of the Leiv Eiriksson from the North Sea to the Black Sea. Total general and administrative expenses decreased to $24.5 million in the fourth quarter of 2009 from $36.2 million during the comparative period in 2008.

Interest and finance costs, net of interest income, decreased to $21.5 million for the three-month period ended December 31, 2009, compared to $34.1 million for the three-month period ended December 31, 2008.

Source: Reuters.com, SEC Filings.

Analyst Consensus

This is the consensus forecast among 13 polled investment analysts. Against the DryShips Inc. company.

Source: www.ft.com

Consensus Estimates Analysis

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=DRYS.O

Investment Highlights

DRYS’s goal to build its offshore energy-exploration business into a stand-alone company may face some new challenges. The Company has pinned many of its ambitions for growth on these energy-exploration vessels, known as “drillships.” The Company has long had plans to sell off a piece of that business in an initial public offering, but has had to delay the IPO because it requires $1 billion in financing to pay for two drillships currently on order at Korean shipyards. DRYS will have trouble obtaining that financing unless it inks charter contracts to hire the rigs out; investors have been awaiting for just such an announcement for months.

DRYS recently announced the following sale and purchase developments:

• The Company sold the 70,349 DWT Panamax bulker M.V. Iguana (built in 1996) for $23.4 million resulting in a book loss of $2.3 million. Delivery of the vessel took place on 19 January 2010

• The Company sold the 71,862 DWT Panamax bulker M.V. Delray (built in 1994) for $20.1 million resulting in a book gain of $11.5 million. Delivery of the vessel took place on 5 February 2010.

• The loan amount for the two above-mentioned vessels will remain available to the Company for replacement vessels.

• The Company has placed an order for two (2) 76,000 dwt Panamax dry bulk vessels, with a top quality Chinese shipyard, for $32.25 million each. Delivery of the two vessels is expected to take place in Q4 of 2011 and Q1 of 2012, respectively.

Shares of DRYS surged last week on unconfirmed rumors that DRYS could be a potential buyout candidate for Denmark’s Maersk.

Source: http://www.dryships.com/

Technical Analysis

Source: http://stockcharts.com

DRYS is trading above its 50-day moving average. While this is normally considered to be a bullish sign, the moving average is downward sloping, which means that investors have been liquidating shares during this time period and tempers the bullishness of the signal.

DRYS is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.

The MACD for DRYS currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above 0, which implies that the underlying moving averages are trending higher.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Source: Yahoo Finance

Report Disclaimer

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice. The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company. An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report. Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution. Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested. Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Subscribers are cautioned not to place undue reliance upon these forward looking statements. These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated. Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC. You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled. However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions. We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so. Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

]]> http://www.beaconequity.com/stock-alert-for-dryships-inc-drys-3/feed/ 0 http://www.beaconequity.com/hot-stock-alerts-for-march-12-ipci-bwen-svu-pot-amln-ipi-goog-zqk-ann-bac/ http://www.beaconequity.com/hot-stock-alerts-for-march-12-ipci-bwen-svu-pot-amln-ipi-goog-zqk-ann-bac/#comments Fri, 12 Mar 2010 23:06:14 +0000 BeaconEquity.com http://www.beaconequity.com/?p=7979 IPCI, BWEN, SVU, POT, AMLN, IPI, GOOG, ZQK, ANN, BAC

IntelliPharmaCeutics Intl Inc (USA) (NASDAQ: IPCI) $4.14 +172.37% IntelliPharmaCeutics shares traded higher following announcement of settlement for its generic version of Focalin XR (NASDAQ:IPCI), ($IPCI)

Broadwind Energy Inc. (NASDAQ: BWEN) $4.47 -21.30% Broadwind Energy shares decline after reporting earnings (NASDAQ:BWEN), ($BWEN)

Supervalu Inc. (NYSE: SVU) $17.13 +6.60% Supervalu rumored to be takeover target; analysts skeptical (NYSE:SVU), ($SVU)

Potash Corp./Saskatchewan (USA) (NYSE: POT) $125.27 +7.13% Potash Corp./Saskatchewan shares jump on outlook (NYSE:POT), ($POT)

Amylin Pharmaceuticals Inc. (NASDAQ: AMLN) $20.26 -4.39% Amylin shares decline after FDA releases inspection report ahead of an expected ruling on its key diabetes drug Friday (NASDAQ:AMLN), ($AMLN)

Intrepid Potash Inc. (NYSE: IPI) $31.54 +10.93% Intrepid Potash shares up after rival Potash (POT) lifts earnings guidance (NYSE:IPI), ($IPI)

Google Inc. (NASDAQ: GOOG) $579.54 -0.28% China warns Google (NASDAQ:GOOG), ($GOOG)

Quiksilver Inc. (NYSE: ZQK) $4.04 +29.90% Quiksilver shares up on stronger-than-expected Q1 results (NYSE:ZQK), ($ZQK)

AnnTaylor Stores Corp. (NYSE: ANN) $19.29 -0.82% Ann Taylor swings to Q4 profit, helped by educed expenses and lower charges (NYSE:ANN), ($ANN))

Bank of America Corp. (NYSE: BAC) $16.85 -1.58% Bank of America completes nearly 21,000 permanent HAMP modifications (NYSE:BAC), (NYSE:BAC)

Cytta Corp. (OTC: CYCA) $0.0007 +16.67% Cytta seeking to advance home based healthcare project under the new board and executive team (OTC:CYCA), ($CYCA)

Attitude Drinks Inc. (OTC: ATTD) $0.0550 +44.74% ATTD moving with high volume (OTC:ATTD), ($ATTD)

Colorado Goldfields Inc. (OTC: CGFIA) $0.0030 +3.45% Colorado Goldfields announces the permitting process for its Pride of the West Mill officially commenced February 19 (OTC:CGFIA), ($CGFIA)

Imaging Diagnostic Systems Inc. (OTC: IMDS) $0.0225 +7.15%(OTC: IMDS), ($IMDS)

China Crescent Enterprises Inc. (OTC: CCTR) $0.0145 +2.84% China Crescent Enterprises reviews $200 million in potential contracts in Web cast presentation (OTC:CCTR), ($CCTR)

Aethlon Medical Inc. (OTC: AEMD) $0.380 +5.56% AEMD chief science officer to present at The Salk Institute March 15 (OTC:AEMD), ($AEMD)

Bonanza Oil & Gas Inc. (OTC: BGOI) $0.0098 -3.92% Bonanza Oil & Gas signs LOI to purchase a 10% interest in a producing well and an option on two additional wells in Oklahoma (OTC:BGOI), ($BGOI)

Lightwave Logic Inc. (OTC: LWLG) $1.85 +5.71% Lightwave Logic announces successful electrical and optical performance testing of its prototype phase modulator (OTC:LWLG), ($LWLG)

Valley Forge Composite Technologies Inc. (OTC: VLYF) $2.74 +15.13% Valley Forge Composite Technologies announces its THOR LVX will be used by the Royal Malaysian Customs Department to screen containers at selected major ports in Malaysia (OTC:VLYF), ($VLYF)

Provectus Pharmaceuticals Inc. (OTC: PVCT) $1.34 +0.75% Provectus closes $7.5 million private placement (OTC:PVCT), ($PVCT)