Superior Industries International Inc. (SUP) reported a net loss of $13.9 million or 52 cents per share (excluding non-recurring charges) in the second quarter, driven by a significant 52% decline in unit wheel shipments, the lowest in more than a decade. Reported losses were considerably higher than Zacks' consensus loss of 36 cents.

In addition to lower volumes, average selling prices declined 22%, which resulted in a 63% decline in revenue to $80.9 million in the second quarter of 2009 from $217.4 million reported in the same period last year.

During the quarter, the company’s two major customers -- Chrysler and General Motors -- had extended periods of shutdown and closed certain plants, which significantly hurt unit shipments. To address the industry-wide reduction in demand for aluminum wheels, Superior closed its manufacturing facilities in Pittsburg, Kansas in December 2008 and Van Nuys, California in June 2009. However, it

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MFN, Minefinders Corp. Ltd.

FRNTQ, Frontier Airlines Holdings Inc, FRNTQ.PK

PennyOmega.com Watch List!

PennyOmega.com Watch List ! for Friday July 31, 2009

Our Picks at PennyOmega.com for Friday July 31, 2009 are:

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MFN, Minefinders Corp. Ltd.

MFN engages in the mining, exploration, and development of precious metal properties primarily in Mexico and the United States.

MFN principal property includes Dolores Mine, an open pit, heap leach gold and silver mine located in the Sierra Madre Occidental Range of northern Mexico, approximately 250 kilometres west of the city of Chihuahua. MFN also owns property interests in the northern Sonora properties in Mexico, which include Planchas de Plata and Real Viejo silver properties, as well as La Bolsa gold deposit.

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We keep saying it so we hope you’re listening – gold, gold and more gold.

Minefinders Corporation, Ltd. (MFN) engages in the mining, exploration, and development of precious and base metal properties primarily in Mexico and the United States. Its principal property includes the Dolores property, a gold and silver open pit mine, located in the Sierra Madre Occidental Range of northern Mexico, approximately 250 kilometers west of the city of Chihuahua

CEO Mark Bailey sees his company emerging …

The Canadian Markets started off the month of December on a sour note with the bears once again coming out of hibernation to maul the bulls. For the tale of the tape, the TSX Exchange plunged 9.32%, while the TSX Gold Index fell 13.8% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 3.55% with the declining issuers outpacing the advancers by a 543 to 253 margin on volume of 144 million shares traded.

Waratah Coal added C$0.26 to close at C$1.51 after the company and Mineralogy Pty. Ltd. entered into a definitive support agreement, in conjunction with a revised offer by Mineralogy or a wholly owned subsidiary of Mineralogy to buy Waratah at C$1.60 per share in cash.

Animas Resources managed to add C$0.015 to close at C$0.415 after reporting an 8.5 metre drill intercept running 2.98 grams gold per tonne at its Berta area on its

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