DrStockPick.com Stock Report!

Friday July 24, 2009

**************************************************************

Royale Energy Inc (NASDAQ:ROYL) announced today that it has received regulatory approval to build drilling locations for its scheduled third quarter wells. Having weathered the trying times for the industry this year, the company is actively working toward the drilling of several new developmental wells designed to add production before the winter heating season begins.

Nash-Finch Company (Nasdaq: NAFC), a Minneapolis-based food distributor, announced today that on July 23, 2009 its board of directors has declared a regular quarterly cash dividend of 18 cents per share of common stock. The dividend is payable September 4, 2009 to shareholders of record at the close of business on August 21, 2009. It is the Company’s 332nd consecutive quarterly cash dividend.

...

The following article discusses Pulte Homes, Inc. (PHM), D.R. Horton, Inc. (DHI), The Ryland Group, Inc. (RYL) and Beazer Homes USA, Inc. (BZH).In November, both housing starts and permits fell to record lows. I consider this to be good news, since it represents a decline is misallocation of resources and means we might eventually work off some of the huge inventory overhang and some day see an end to the housing mess that is ground zero of the economic turmoil.In the meantime, though, it means that economic growth will be even weaker in the fourth quarter than most are currently expecting. Building permits, the best indicator of future housing starts, fell to a seasonally adjusted annual rate of 616,000, a 15.6% decline from the 730,000 rate in October and 48.1% below the 1,187 million rate of a year ago.All four regions of the ...

Beazer Homes USA Inc. (BZH)I was watching the housing stocks back in August and September of 2007 when they were falling to new lows everyday but switched out of the industry in favor of banks, autos and financials. But after seeing an old name reaching a new low after-hours, I started to re-examine the old names. Still Going Lower I shouldn’t have been surprised but all the housing names that I had been short but got out of during short squeezes are pretty much all much lower now. Stocks like DR Horton (DHI), Lennar (LEN), Centex (CTX) and Beazer Homes all reached new 52 week lows today. Beazer Homes Worthless One of my favorites over 9 months ago was Beazer Homes and this stock has fallen so far that there is barely any market capital left. And the analysts that cover the company are ...