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Monday August 24, 2009

PennyOmega.com Stock Report!

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The holiday season is a time to celebrate with family and friends, not to worry about how to pay for holiday gifts. With that in mind, Sears (NASDAQ: SHLD) and Kmart are helping customers plan ahead and save — so they can more fully enjoy the holidays — by bringing them the Sears and Kmart Christmas Club card.

The board of directors of Westlake Chemical Corporation (NYSE: WLK) declared on Friday a dividend of 5.75 cents per share, payable on September 17, 2009, to stockholders of record on September 2, 2009. This represents an increase of 1/2 cent per share,

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Sears Holding Corporation (SHLD), the fourth largest broadline retailer in the U.S., has reported relatively modest second quarter results with a decrease in year-over-year revenue and net income, and improvement in the balance sheet. Sears reported total revenues of $10.6 billion during the quarter compared to $11.8 billion in the year-earlier quarter. The decrease in year-over-year sales was primarily due to a decline in comparable store sales and the adverse effect of foreign currency. Total comparable store sales decreased 8.6% during the quarter, with the Sears Domestic division accounting for 12.5% decrease and the Kmart division accounting for 3.9% decrease. The Sears Domestic division was negatively affected by the decline in the housing industry coupled with a decrease in apparel sales. The Kmart comparable store sales also declined largely due to a fall in apparel sales, which was partially offset by an increase in home electronic ...

Stock-PR Nasdaq Stock Report August 18, 2009

Concur (Nasdaq: CNQR), the world’s leading provider of on-demand Employee Spend Management services, will unveil Concur(R) Mobile for the iPhone next week at the NBTA Convention in San Diego. This powerful extension to Concur(R) Travel & Expense - Concur’s innovative end-to-end travel and expense management service - now enables iPhone users to manage their itinerary, conduct in-policy business travel transactions, capture T&E expense data and approve expense reports - all while on the road.

NGAS Resources, Inc. (Nasdaq:NGAS) August 18, 2009 August 18, 2009 announced that it has closed the sale of its remaining 50% interest in 485 miles of Appalachian gas gathering facilities to Seminole Energy Services (SES) for $22 million. The purchase price was paid $7.5 million at closing, with the balance of $14.5 million payable by SES in monthly installments through December 2011.

Stein Mart, Inc. (Nasdaq: SMRT) August 18, 2009 August

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MediaNet Group Technologies Inc., through its BSP rewards division, has developed the largest online mall and affinity program platform. The company generates product purchases from over 1,000 participating mall merchants, including the nation’s largest retailers, as well as from gift cards and a large discount catalog. Some of the participating retailers include: Walmart, Target, Sears, Best Buy and Macy’s.

MediaNet Group Technologies recently announced that it has entered into a definite merger agreement with CG Holdings Ltd., a privately-held, European-based holding company for the DubLi companies. DubLi is a worldwide online trading firm composed of two very unique and individual business models: DubLi.com – a reverse auction portal for high end branded merchandise such as Rolex, Gucci, Apple and Nintendo, and DubLi Network – a business opportunity where consumers can establish their own business in a competitive market.

The merger was agreed to after a partnership between the two companies began several

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Consumer spending was flat in the US in August. Adam Lass says this zero is a much more significant than the much-hyped $700 billion figure currently grabbing the headlines.

The bottom line is consumers are running scared, and that is bad news for retailers and manufacturers.

Adam says Whirlpool (NYSE:WHR) and Sherwin-Williams (NYSE:SHW) are in for a particularly rough ride. Even 'safe' stocks such as Sears (NASDAQ:SHLD) or Kohl’s (NYSE:KSS) could seriously hurt your portfolio in the coming months.

Maverick CapitalMaverick Capital Management Holdings AnalysisThis post is being written as part of HedgeFundBlogger.com's Investment Securities Tool which analyzes the holdings of hedge fund managers.Lee Ainslie started Maverick Capital back in 1993 with $38 million. Nowadays, the fund is worth $10 billion. Ainslie, like many of the other fund managers I've profiled, has a background rooted in learning from legendary great Julian Robertson at Tiger Management. So, due to the fact that these proteges learned from the best and have had great success running their own hedge funds, I continually try to find a reason not to follow these funds. And, needless to say I'm never successful. Some contacts over at Maverick have explained that their hedge fund strategy is straight up stock picking, both long and short. They made ...