Isle of Capri Casinos (ISLE) reported fiscal first-quarter earnings of 2 cents per share, falling well short of the Zacks Consensus Estimate at 13 cents.

Shares have plunged more than 14% today.

Revenue slipped 6.3% to $259.9 million, primarily due to sluggish gaming revenues.

The casino operator also stated that it remained on track to exit its international operations in the near term. The company will exit the Bahamas no later than Oct 31 and expects to exit its remaining UK operations by the end of the calendar year.

Meanwhile, the Zacks Consensus Estimate for the full fiscal year ending April 2010 is at 20 cents per share, which is down 3 cents, or 13%, over the past month.

ISLE, a Zacks #3 Rank ("Hold") stock, is trading on unusually high volume of approximately 1.9 million, against the average daily volume of about 448,000.

"ISLE" Free Stock Analysis: Buy? Sell? Hold?...

DrStockPick.com Stock Report!

Wednesday August 19, 2009

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Emisphere Technologies, Inc. (OTC BB: EMIS) today announced that it has received commitments from two institutional investors to purchase $4 million of securities in a registered direct offering. Emisphere entered into a securities purchase agreement with these investors pursuant to which Emisphere has agreed to sell an aggregate of 5,714,286 shares of its common stock and warrants to purchase up to 2,685,714 additional shares of its common stock. Each unit, consisting of one share of common stock and a warrant to purchase 0.47 of a share of common stock, will be sold for a purchase price of $0.70.

Lake Victoria Mining Company, Inc.

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  Earlier today, Norway-based oil and gas company StatoilHydro ASA (STO)announced that it has signed a purchase agreement with Canadian company, World Point Terminals, for the possible acquisition of its Bahamian operations for $263.2 million. Those facilities include the South Riding Point crude oil storage terminal and World Point’s 50% interest in the Freepoint tug boat business, both located on Grand Bahama Island in the Bahamas.

The deal builds on the leasing contract StatoilHydro has had at the terminal since 1993 as per which the Norwegian company currently has access to around 40% of the terminal's capacity. The transaction is conditional on the extension of this lease with the Bahamian government, a satisfactory due diligence procedure, besides necessary regulatory approvals in the Bahamas. The companies hope to conclude the deal by year-end. 

 This asset acquisition is seen as a strategic move by StatoilHydro to support its global upstream growth plans. Additionally, the

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Mesa Air Group, Inc.

MESA is a buy @ $0.195

About: Mesa Air Group, Inc. (Mesa) is a holding company whose principal subsidiaries operate as regional air carriers providing scheduled passenger and airfreight service. As of September 30, 2007, the Company served 184 cities in 45 states, the District of Columbia, Canada, the Bahamas and Mexico and operated a fleet of 182 aircraft with approximately 1,100 daily departures.

News:

Traffic up 17% in March

Traffic on interisland carrier go! airlines was up nearly 17.3 percent in March.

The airline carried 64,093 passengers in March, up from 54,604 in March 2008.

The airline, a subsidiary of Phoenix-based Mesa Air Group (Nasdaq: MESA), generated 14 million available seat miles and 9.3 million revenue passenger miles for the month.

10-Q: MESA AIR GROUP INC

The numbers:

It’s hard to believe that

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Dr. Jeff Masters gives us the latest on monster hurricane Ike …

Ike's long-term fate has two main possibilities:1) Ike may hit eastern Cuba, as forecast by the latest (12Z, 8am EDT) runs of the GFDL and ECMWF models, and a number of ensemble members of the latest 12Z GFS model (Figure 2). A hit on Cuba would severely disrupt the storm, weakening it to a Category 1 or 2. Ike could then move on into the Gulf of Mexico and re-intensify, as forecast by the ECMWF model.2) Ike may plow through the Bahamas and come very close to South Florida (the consensus of the HWRF, NOGAPS, and GFS models). A trough of low pressure may then pull Ike to north. This turn to the north might occur over Florida, or over the western Bahamas, within 200 miles of the Florida coast. In the latter case, North Carolina might

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There really isn't much on the financial calendar to move stocks in either direction.

Fewer than 20 companies are scheduled to report. The only S&P 500 member on the calendar is Campbell Soup (CPB).

Upcoming economic data will include August retail sales and preliminary September consumer confidence numbers. Given the lackluster August numbers recently given by retailers, I'm not expecting either report to be particularly optimistic.

The week's economic schedule includes: Monday: July consumer credit Tuesday: July pending home sales, July wholesale inventories Wednesday: Weekly crude inventories Thursday: July trade deficit, August import and export prices, weekly initial jobless claims Friday: August Producer Price Index, August retail sales, preliminary September University of Michigan consumer sentiment, July business inventories

The Federal Reserve's website does not list any upcoming speeches.

The weather remains a wildcard with Hurricane Ike heading towards the Bahamas. If the storm should pass into the Gulf of Mexico, oil futures could

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(P.S: Sorry for any disturbances the advertisements above may have caused you)If late-2004 and early-2005 are remembered for the corporate debacles of CAO, Citiraya and ACCS, the later part of 2005 will be remembered for the attention that centered on oil and refining. The catalyst was Hurricane Katrina, which was the worst-ever storm to hit the Gulf of Mexico and caused extensive damage to the refining facilities in the region, exposing the deep global capacity crunch in refining capacity.Katrina formed over the Bahamas in late August 2005 and due to the unpreparedness of the authorities, caused severe destruction along the Gulf of Mexico coast from central Florida to Texas in the form of a Category 5 storm, with the most severe loss of life and property damage occurring in New Orleans. Of more interest to oil traders was the damage to ...