PennyOmega.com Stock Report!

PennyOmega.com Hot Stock News & Alerts!

 

Thursday August 6, 2009

PennyOmega.com Stock Report!

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Griffon Corporation (NYSE: GFF) today reported operating results for the third quarter ended June 30, 2009. Net sales from continuing operations for the third quarter of fiscal 2009 were $287.4 million, compared to $322.3 million in the third quarter of fiscal 2008. Income from continuing operations for the third quarter was $6.9 million, or $0.12 per diluted share, compared to $9.4 million, or $0.29 per diluted share, last year. Income from discontinued operations for the third quarter was essentially nil, compared to a loss of $19.2 million, or $0.59 per diluted share, last year. Net income for the quarter was $6.9

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Double Eagle Petroleum Co. today reported record financial results for the full-year 2008. Net income attributable to common shareholders totaled $6,658,000, or $0.73 per diluted share, as compared to a net loss of $(13,413,000), or $(1.47) per share, for 2007. The company noted that the net income attributable to common stock in 2008 included an unrealized gain of $2,631,000 relating to economic hedges, which is recorded at fair value at each period end.

Total revenues for 2008 increased a stunning 188% to $49,578,000, compared with 2007’s numbers. Production-related revenue increased 175% to $46,635,000. This increase in production revenue was driven mainly by a combination of an increase in the average realized gas price with record production volumes at the company’s operated wells in the Catalina Unit.

Double Eagle’s gross operating margin, excluding depreciation, depletion and amortization (”DD&A”), was 66.6% for the full-year 2008. The impressive percentage is attributed to increase realized

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Here are the stocks added to the Zacks #1 Rank ("strong buy") List today:

Aaron Rents Inc (RNT) Alleghany Corp (Y) Companhia de Bebidas das Americas (ABV) American Caresource Holdings Inc (ANCI) Answers Corp (ANSW) Atlantic Tele-Network Inc (ATNI) Atmos Energy Corp (ATO) Boston Properties Inc (BXP) China Agritech Inc (CAGC) Cox Radio Inc (CXR) Crown Castle International Corp (CCI) CTI Industries Corp (CTIB) Delhaize Group (DEG) DG FastChannel Inc (DGIT) Double Eagle Petroleum Co (DBLE) First American Corp (FAF) FPIC Insurance Group Inc (FPIC) Global Ship Lease Inc (GSL) Gold Reserve Inc (GRZ) The Hain Celestial Group Inc (HAIN) HRPT Properties Trust (HRP) Jack Henry & Associates Inc (JKHY) Kenneth Cole Productions (KCP) The Knot Inc (KNOT) Kratos Defense & Security Solutions Inc (...

Did you know that Wyoming has a district called the historic J.C. Penny district? James Cash Penny established his first store in this state. Eventually it grew to the chain best known as J.C. Penny.Here are some interesting facts about Wyoming:1. New jobs created in Wyoming during 2007 ranked second in the country.2. No personal income tax.3. No corporate income tax.4. Income from the mining industry contributes 2/3 of the total state revenue.5. Wyoming’s top tourist destinations are: Yellowstone National Park and Grand Teton National Park.6. Top commodities are: Livestock of cattle, hay, sugar beets and barley.7. Top mineral commodities are: coal, natural gas, and crude oil.8. Wyoming is seventh nationwide for oil production.9. Wyoming ranks number one for coal production in the nation.10. The southern part of Wyoming is excellent for ...

Double Eagle Petroleum Co. (DBLE) has not enjoyed the stock price appreciation that most of players in the exploration and production (E&P) space have enjoyed year to date. Yet, our Buy recommendation remains unchanged and we have increased our target price from $24 to $25 per share.

We continue to believe that Double Eagle’s low-risk reserves base and significant near-term production growth from the Atlantic Rim are currently undervalued. We have increased our production estimates as production from the Catalina unit has exceeded our expectations. Although the search for a new CEO is still ongoing, we believe that there is tremendous upside in this high growth story with only downside risks currently priced in.

Double Eagle Petroleum reported second quarter '08 earnings of $0.26 per share compared to a net loss of $0.06 per share in the year-earlier quarter and earnings of $0.10 per share in the previous quarter. Second

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