Dr Stock Pick HOT News & Alerts!

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FREE Daily Stock Alerts From DrStockPick.com

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Thursday October 29, 2009

DrStockPick.com Stock Report!

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Consorteum Holdings Inc. (OTCBB: CSRH) announced that it has proceeded to launch its consumer stored value rebate card. The consumer rebate card program will offer manufacturers and retailers a new way to process mail-in rebates that ensures increased customer loyalty and decreased overhead costs. Consorteum will work directly with manufactures and retailers to reduce the administration costs associated with mail-in rebate programs while providing a new way to increase consumer awareness. Additional revenue and cost-saving opportunities will be

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Jamba's Preferred Placement Buys TimeJamba Inc. (JMBA) just bought time to execute its turnaround strategy. The smoothie chain announced today that it completed a previously announced sale of $35 million in convertible preferred stock.Proceeds from the preferred stock -- which yields 8.0% and is convertible into common at $1.15 per share - will be used to repay Jamba's very costly $25 million two-year note that matures in September 2010.Assuming the preferred stock is not immediately converted, Jamba's quarterly interest expense will decline to $0.7 million in 3Q09 from $1.75 million in 1Q09.The funding was led by Mistral Equity Partners, a private equity fund, and by the Serruya family, Canadian entrepreneurs.Last year, the cash-strapped juice purveyor was forced to pay exorbitant rates for funding after tumbling sales and EBITDA ...

Jamba, Inc. (NASDAQ:JMBA) shareholders are throwing up everything today after shares hit $1.58.  The 52-week decline is now at -82%, that's right, WaMu bad.  So do you keep drinking the juice even if your stomach can't take it?  Stan can't. Today's buzz kill came from Wedbush Morgan, they said a slowdown in ...