Archive for March, 2008
Future looks positive for VeraSun Energy
VeraSun Energy (VSE: 0.28 0.00 0.00%) has released 4th quarter and year end results and the verdict is mixed. Results were better than estimates with the company coming out with a positive 4¢ per share vs. the estimated loss of -2¢. It is too the company’s credit that they can stay profitable in this difficult [...]
Still lots of growth for Gigamedia
Yesterday the market took off, Gigamedia, Ltd. (GIGM: 4.27 -0.30 -6.56%) released earnings slightly above estimates and the stock was hammered down over 6%. It is always interesting to see the short term reactions to a single number. The bad number was that year over year quarterly earnings were up only 8%, even though the [...]
New Energy Index - NEX - Weekly Update
Another week and another downer for renewable energy. The NEX lost 4% for the week ending Friday, in line with the NASDAQ (-4%) and the S&P 500 (-4.4%). All sectors in the index were down led by hydrogen and fuel cell at a minus 10%. Solar energy continued their negative ways, led by the Chinese [...]
Two Interesting Earnings Reports this Week
Two companies that I follow with decidedly different recent histories report earnings over the next couple of days. I will be following the result with great interest. As always I am hoping for a positive surprise, but I find it impossible to forecast what the market will do in the short term.
Tomorrow (3/11) Gigamedia [...]
Thornburg Mortgage getting squeezed out of business!
Well, it appears the little guy, Thornburg Mortgage (TMA: 0.2492 +0.0472 +23.37%) is being squeezed out of business by the holders of its reverse repurchase agreements. TMA filed yesterday that J.P. Morgan Chase will exercise its rights to seize the collateral because Thornburg has not come up with an additional $28 million for margin requirements. [...]
