Source: Reuters.com, SEC Filings.

Financial Summary

CMGR announced recently that it added significant film assets during the second quarter as detailed in its Form 10-Q for the second quarter filed yesterday. At the same time, CMGR posted a substantial loss for the quarter, due mostly to non-recurring, one-time charges the Company took during the second quarter.

As of June 30, 2010, CMGR had $3,255,030 in total assets as compared to $147,015 in total assets as of December 31, 2009. With CMGR continuing to implement its long-range business model, total liabilities also increased from $2,487,150 at December 31, 2009, to $10,331,739 at June 30, 2010. The majority of the liabilities are related to non-recurring, one-time accrued expenses to related parties, the recent film and television library acquisition and notes payable.

Operating losses increased from $266,710 for the quarter ended June 30, 2009, to $4,510,861 for the quarter ended June 30, 2010, with the majority of the loss stemming from non-recurring, one-time charges the Company took during the second quarter.

Source: Reuters.com, SEC Filings.

Analyst Consensus

No recommendation data available.

Source: www.ft.com

No consensus analysis data available.

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=CMGRD.OB

Investment Highlights

CMGR announced today that it has signed a deal with ABC Family for its animated classic PUFF THE MAGIC DRAGON. ABC Family picked up domestic rights and has scheduled the program to air as part of the network’s annual 25 Days of Christmas event, the biggest programming event on cable.

CMGR recently announced that gross sales from its distribution activities have continued to climb, due to its recent acquisition of the Liberation film library and sales of new titles recently acquired by CMGR.

Year to date, CMGR has generated approximately $1,247,500 in total gross sales, including approximately $570,000 in third-quarter gross sales. August 2010 has been the best sales month for CMGR since inception with approximately $410,000 in gross sales contracts expected to be closed. In addition, the CMGR sales team has strengthened its outreach, adding additional members while signing worldwide deals for many of its banner features. CMGR expects to record its net revenue numbers as titles are physically delivered to Camelot’s customers once all the specific film elements are completed, CMGR has received the applicable payments and all expenses and third-party participant payments have been made in accordance with the terms and conditions of the various sales contracts.

“Our sales are growing steadily,” stated Jamie Thompson, president of Camelot Distribution Group. “As we continue to add new titles and generate sales from our library, we expect our sales to continue to increase as we get closer to MIPCOM in October and the American Film Market in November. This has been our best year to date.”

Source: www.yahoo.com

Technical Analysis

Source: http://stockcharts.com

CMGR is below its 50-day moving average. This bearish sign is even more significant because the moving average is also trending lower.

CMGR’s recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, CMGR is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.

CMGR’s MACD is currently indicating a weak bullish signal. Although the MACD is trending above the signal line, the indicator is still below zero, which suggests that the underlying moving averages are bearish.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

Related posts:

1. Stock Alert for Belltower Entertainment Corp. (BTOW)
2. Stock Alert for Melco Crown Entertainment Ltd. (MPEL)
3. Stock Alert for Helix Energy Solutions Group Inc. (HLX)

The Company was formerly known as Melco PBL Entertainment (Macau) Ltd. and changed its name to Melco Crown Entertainment Ltd. in May 2008. Melco Crown Entertainment Ltd. was incorporated in 2004 and is based in Central, Hong Kong.

Source: Reuters.com, SEC Filings.

Financial Summary

For the second quarter of 2010, net revenue was US$573.6 million, representing an increase of approximately 166% from US$215.8 million for the comparable period ended June 30, 2009. Adjusted EBITDA was US$73.4 million for the second quarter of 2010, as compared with an Adjusted EBITDA loss of US$23.8 million in the second quarter of 2009. The year-over-year improvements in net revenue and Adjusted EBITDA resulted primarily from the opening of City of Dreams in June 2009, providing only a limited contribution to the prior year comparable.

The combined rolling chip table games hold percentage (calculated before discounts and commissions) across City of Dreams and Altira Macau in the second quarter of 2010 was 2.7%. On a theoretical adjusted basis, using the mid-point in MPELs expected rolling chip hold percentage range of 2.7% to 3.0%, sequential quarterly Adjusted EBITDA improved by 11% from US$80 million in the first quarter of this year, to US$89 million in the second quarter of this year. The combined mass market (or non rolling chip) table games hold percentage in the second quarter of 2010 improved further to 21.5%.

On a U.S. GAAP basis, MPEL recorded a net loss for the second quarter of 2010 of US$30.1 million, or a loss of US$0.06 per ADS, compared with a net loss of US$144.0 million, or a loss of US$0.30 per ADS, in the second quarter of 2009. The reduction in the net loss resulted from a significant year-over-year improvement in the operating performance of Altira Macau and from having a full quarter of earnings contribution from City of Dreams, partially offset by increased depreciation and amortization expenses and lower capitalized interest expenses following the opening of City of Dreams, together with certain non-recurring expenses related to the refinancing of approximately US$600 million of bank debt through the issuance of a high yield bond completed in the current reporting quarter. The second quarter 2009 net loss was also negatively affected by non-recurring costs associated with the opening of City of Dreams.

City of Dreams 2Q Results

For the quarter ended June 30, 2010, net revenue at City of Dreams was US$309.3 million and Adjusted EBITDA was US$42.9 million. Net revenue at City of Dreams in the second quarter of 2009 was US$26.8 million and the Adjusted EBITDA loss was US$12.2 million. The improvements in both net revenue and Adjusted EBITDA were driven by an improved rolling chip hold percentage in the second quarter of 2010 versus that in 2009, as well as a full quarter of operations this year.

Rolling chip volume totaled US$12.2 billion for the second quarter of 2010, up from US$1.9 billion in the second quarter of 2009. Mass market (non rolling chip) table games drop totaled US$483.7 million versus US$100 million in the second quarter of 2009. Slot handle for the quarter ended June 30, 2010, was US$458.1 million, up from US$80.9 million for the quarter ended June 30, 2009.

Total non-gaming revenue at City of Dreams in the second quarter of 2010 was US$32.1 million, up from US$4.8 million in the second quarter of 2009. Occupancy per available room in the second quarter of 2010 was 81% versus 78% in the second quarter of 2009. The average daily rate (ADR) in the second quarter of 2010 was US$152 per occupied room, which compares with US$176 in the second quarter of 2009.

Altira Macau 2Q Results

For the quarter ended June 30, 2010, net revenue at Altira Macau was US$230.6 million versus US$159.2 million in the quarter ended June 30, 2009. Altira Macau generated Adjusted EBITDA of US$36.7 million in the second quarter of 2010 compared with an Adjusted EBITDA loss of US$6.4 million in the second quarter of 2009.

Rolling chip volume totaled US$9.5 billion in the second quarter of 2010 versus US$9.7 billion in the second quarter of 2009. In the mass market (non rolling chip) table games segment, drop totaled US$76.5 million in the second quarter of 2010, up from US$73.6 million generated in the comparable period in 2009.

Total non-gaming revenue at Altira Macau in the second quarter of 2010 was US$7.2 million, down from US$8.3 million in the second quarter of 2009. Occupancy per available room in the second quarter of 2010 was 93% and the ADR was US$166 per occupied room. This compares with occupancy and ADR of 90% and US$232, respectively, in the second quarter of 2009.

Mocha Clubs 2Q Results

Net revenue from Mocha Clubs totaled US$26.9 million in the second quarter of 2010, up from US$23.8 million in the second quarter of 2009.

Mocha Clubs generated US$7.1 million of Adjusted EBITDA in the second quarter of 2010, which compares with US$6.1 million in the second quarter of 2009.

The number of gaming machines in operation at the Mocha Clubs averaged approximately 1,570 in the second quarter of 2010, an increase from an average of approximately 1,440 in the second quarter of 2009. The net win per gaming machine per day was US$184 in this period, as compared with US$178 in the same period in 2009.

Other Factors Affecting Earnings

Total non-operating expenses for the second quarter of 2010 were US$22.7 million, which included US$21.3 million in net interest expense and costs associated with debt modification of US$3.2 million. Capitalized interest during the second quarter of 2010 totaled US$4.5 million.

Depreciation and amortization costs of US$76.0 million were booked in the second quarter of 2010, of which US$14.3 million was related to the amortization of our gaming sub-concession and US$4.9 million was related to the amortization of land use rights.

Financial Position and Capital Expenditure

Cash and cash equivalents as of June 30, 2010, totaled US$489.5 million, including US$194.3 million of restricted cash. Total senior debt at the end of the second quarter of 2010 was US$1.831 billion. Total net debt to shareholders’ equity as of June 30, 2010, was 59%.

Capital expenditures for the second quarter of 2010 were US$28.1 million, primarily attributable to City of Dreams.

Six Month Results

For the six months ending June 30, 2010, MPEL reported net revenue of US$1.141 billion versus US$432.3 million in the six months ending June 30, 2009. The year-over-year increase in net revenue was driven by the opening of City of Dreams in June of 2009.

Adjusted EBITDA for the first six months of 2010 was US$160.3 million, as compared with an Adjusted EBITDA loss of US$2.5 million in the first six months of 2009. The year-over-year improvements in net revenue and Adjusted EBITDA were primarily attributable to the opening of City of Dreams in June 2009 along with a significant improvement in the operating performance of Altira Macau.

The Company reported a net loss of US$42.6 million for the first six months of 2010, compared to a net loss of US$179.3 million for the first six months of 2009. The net loss per ADS for the six-month period ending June 30, 2010, was US$0.08 compared to a net loss per ADS of US$0.39 for the same period in 2009.

Financial Strength (Sept-1-2010)	Company	Industry	Sector	S&P 500
Quick Ratio (MRQ)	1.53	3.18	0.62	0.75
Current Ratio (MRQ)	1.54	3.33	0.78	0.90
Long-Term Debt to Equity(MRQ)	73.27	15.10	21.90	126.64
Total Debt to Equity (MRQ)	78.55	17.48	37.90	186.16

Source: Reuters.com, SEC Filings.

Analyst Consensus

This is the consensus forecast among 13 polled investment analysts. Against the Melco Crown Entertainment Ltd company.

The 12 analysts offering 12-month price targets for MPEL have a median target of 4.60, with a high estimate of 7.00 and a low estimate of 3.04. The median estimate represents a 17.95% increase from the last price of 3.90.

Source: www.ft.com

Consensus Estimates Analysis

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=MPEL.O

Investment Highlights

Throughout its history, Macau has been a popular tourist destination for Hong Kong locals and residents of Mainland China, reflecting an unprecedented economic boom following the decision by the Macau government in 2002 to deregulate its 40-year-old gaming industry.

The decision to deregulate the gaming industry in Macau has attracted substantial investment commitments from world-renowned developers of casino and entertainment resorts. Each operator is tasked with developing quality leisure and entertainment attractions together with the latest casino facilities, ensuring Macau’s reputation as a top travel destination.

Relatively easy access from major capital cities in Asia has facilitated this vision. Located in China’s Pearl River Delta region, Macau is an hour away by a 24-hour ferry service from Hong Kong’s nearly 7 million inhabitants and just 15 minutes away by helicopter. In addition, China, Taiwan, Japan, South Korea, Thailand, Malaysia, Singapore, Indonesia and the Philippines, with a combined population of almost two billion, lie within a 2,500-mile radius of Macau, making it the center for gaming in the Asia Pacific region.

With all of these positive factors in play, according to a 2007 South China Morning Post report, Macau overtook the Las Vegas Strip as the largest gaming market in the world in 2006 when its gaming revenues surged 23% year-on-year to US$6.87 billion. In 2007, Macau’s gaming revenues reached US$10.4 billion, a 46.6% increase over the previous year.

Recent News

MPEL recently announced to donate MOP1,000,000 to the Liaison Office of the Central People’s Government in the Macao SAR to support relief effort in Gansu Province after the rain-triggered mudslide hit Zhouqu County on August 8.

Lending full support to the mudslide relief effort, MPEL presented a check for MOP1,000,000 to Xu Ze, deputy director of the Liaison Office.

MPEL also recently announced that following a discussion with Simon Dewhurst, he tendered his resignation from his position as EVP and CFO.

As MPEL transitions from a development company to one focused primarily on maximizing its operational profitability, and as a logical next step in the management reorganization announced last month, the Company’s intention is to identify a CFO who, in addition to having solid financial & operational experience, also possesses skills that are aligned with the current needs of the Company.

To ensure a seamless transition, Leanne Palmer, currently vice president, Financial Compliance for MPEL, has assumed the role of acting CFO in the interim period, while the Company conducts a global search for a suitable candidate with exceptional caliber to fill the CFO position. Palmer is a chartered accountant with over 16 years of experience and is a specialist on Sarbanes Oxley compliance, corporate governance and internal control.

Additionally, Geoffrey Davis, CFA, has been promoted to deputy CFO and treasurer on a permanent basis and will be based in Macau. Prior to joining MPEL as senior vice president, Corporate Finance in 2007, he was the lead equity research analyst at Citi Investment Research covering the gaming industry. He had previously been vice president, Corporate Finance for Park Place Entertainment in Las Vegas.

Source: http://www.melco-crown.com/eng/main.php

Technical Analysis

Source: http://stockcharts.com

MPEL has been relatively stable recently. This is evidenced by the width of its Bollinger Bands which are tighter than normal. Additionally, MPEL is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

MPEL’s MACD is indicating a weak bearish signal. Although the indicator is above the critical level of zero, which implies that the underlying moving averages are bullish, the MACD has crossed below its 9-day moving average or signal line. This suggests that positive momentum has begun to slow.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	n/a
% Change in Institutional Shares Held	n/a

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

Related posts:

1. Stock Alert for Melco Crown Entertainment Ltd. (MPEL)
2. Stock Alert for Melco Crown Entertainment Ltd. (MPEL)
3. Stock Alert for Melco Crown Entertainment Ltd. ($MPEL)

Source: Reuters.com, SEC Filings.

Financial Summary

Due to INOL’s continued lack of funds, its operations are very limited. As a result, the Company realized no revenue during the three months ended June 30, 2010.

INOL’s largest total expense during the three months ended June 30, 2010, was for Consulting Services, which totaled $17,993 during that three-month period, which totaled $ 257,593 during the period from inception (06/17/2009) to June 30, 2010.

The Company realized a net loss of $ 37,563 for the three months ended June 30, 2010. During the period from inception to June 30, 2010, INOL realized an Accumulated Deficit of $1,130,890, primarily due to a total of $759,590 of Losses Due to Recapitalization Expenses during the period from inception to June 30, 2010.

Liquidity and Capital Resources

Since INOL initiated its business operations in 2009, operations have been funded primarily by the private sale of equity and debt to investors. However, during the three months ended June 30, 2010, there were no such additional funds received through financing and loans from shareholders. As a result, through June 30, 2010, INOL had used virtually all of its funds for operations.

INOL currently has very little cash on hand and no other liquid assets. Therefore, in order to carry on its business, it must obtain additional capital.

The Company continues to actively seek investment capital. At the present time, however, it has had limited commitments from funders to provide any additional funds.

Off-Balance Sheet Arrangements

INOL does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on its financial condition or results of operations.

Impact of Accounting Pronouncements

There were no recent accounting pronouncements that have had a material effect on the Company’s financial position or results of operations. There were no recent accounting pronouncements that are likely to have a material effect on the Company’s financial position or results of operations.

Source: Reuters.com, SEC Filings.

Analyst Consensus

No recommendation data available.

Source: www.ft.com

No consensus analysis data available.

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=INOL.OB

Investment Highlights

INOL recently announced it will provide and market a proprietary metabolizing test to physicians and practitioners to identify how a patient’s genetic makeup may affect the body’s response to Plavix (colpidogrel). The test will only be made available to physicians.

The Food and Drug Administration recently announced that Plavix must now carry a so-called “black box” warning label after a landmark study revealed that patients who were “non-responders” as a result of a genetic variation were “3.58 times more likely to have a fatal stroke or myocardial infarction.”

Plavix, an $8-billion-a-year drug and considered to be the second best selling drug in the world, reduces the risk of heart attack, stroke and cardiovascular death in patients with cardiovascular disease by making platelets less likely to form blood clots. Plavix does not have its anti-platelet effects until it is metabolized into its active form by the liver enzyme, CYP2C19.

The Company said it identified three critical problems that can lead to a level of non-response to Plavix.

“First, in anyone, an abnormality may be present within a gene abbreviated as CYP2C19 (and other variants) which significantly increases the risk of stroke or death due to clotting failure. Second, there are different variants or mutations between ethnic groups; some studies have indicated that one in three Caucasians and 40% of Asian of African-American populations have this abnormality,” stated Dr. Frederic J. Vagnini, M.D., FACS, a board certified cardiovascular surgeon who, after more than 20 years of performing heart surgery, has turned his clinical practice to the prevention of heart and related diseases. “Among clinicians there have been discussions centering on differing dosing approaches. Perhaps the most important result of InoLife’s DNA test is that each patient will be able to have an individually tailored course of treatment since some require longer periods on it.”

INOL said that this is an important test for those who take Plavix or who may need to take Plavix in the future. The Company is very pleased that by addressing the black box warning, those who can be helped by this medication will be.

Plan of Operation

The plan of operation of INOL for the next 12 months is centered around two main goals. First, based upon the Company’s recent acquisition of InoVet, Ltd.(“InoVet”), the Company intends to focus upon developing and implementing business opportunities based upon the body of research already accomplished by InoVet in the area of developing and introducing new treatments and support services that help prevent and treat cancer in companion animals. As such, a prime goal of the Company is to be active in the further development of Bone Marrow Transplantation and other cancer treatment procedures to benefit companion animals (dogs and cats) that are diagnosed with lymphoma, other types of cancers and other diseases that are currently incurable. As part of its plan, the Company will seek to identify and establish formal working relationships and partnerships with some of the top Veterinary Oncologists and Veterinary Cancer Researchers in the United States. Second, the Company currently intends to identify, develop and market multi-faceted, human diagnostic product lines marketed towards both potential professional medical and retail customers. Based upon the Company’s recent execution of a Strategic Alliance Agreement with InoHealth Inc., the Company currently anticipates that at least some of these product lines will revolve around genetic DNA testing.

The Company currently has limited financial resources available. The Company’s continued existence is strongly dependent upon its ability to raise capital and to successfully develop, market and sell its products. The Company plans to raise working capital through equity and/or debt offerings and future profitable operations. However, the Company does not presently have any assurances that such additional capital is, or will be available. There is a limited financial history of operations from which to evaluate its future prospects, including its ability to develop a wide base of customers for its products and services. INOL may encounter unanticipated problems, expenses and delays in marketing its products and services and securing additional customers. If the Company is not successful in developing a broad enough market for its products and services, its ability to generate sufficient revenue to sustain its operations would be adversely affected.

Source: www.yahoo.com

Technical Analysis

Source: http://stockcharts.com

INOL is trading above its 13-day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.

INOL’s recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, INOL is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.

The MACD for INOL currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above zero, which implies that the underlying moving averages are trending higher.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	n/a
% Change in Institutional Shares Held	n/a

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

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2. Stock Alert for Advanced Battery Technologies Inc.
3. Stock Alert for Alanco Technologies Inc. (ALAN)(D*)

Washington Mutual Inc. (WAMUQ) is a consumer and small business banking company with operations in U.S. markets. The Company is a savings and loan holding company. It owns two banking subsidiaries, Washington Mutual Bank (WMB) and Washington Mutual Bank fsb (WMBfsb), as well as numerous non-bank subsidiaries. The Company operates in four segments: the Retail Banking Group, which operates a retail bank network of 2,257 stores in California, Florida, Texas, New York, Washington, Illinois, Oregon, New Jersey, Georgia, Arizona, Colorado, Nevada, Utah, Idaho and Connecticut; the Card Services Group, which operates a nationwide credit card lending business; the Commercial Group, which conducts a multi-family and commercial real estate lending business in selected markets; and the Home Loans Group, which engages in nationwide single-family residential real estate lending, servicing and capital markets activities. In September 2008, it filed for Chapter 11 bankruptcy.

Washington Mutual Inc. was founded in 1889 and is headquartered in Seattle, Washington.

Source: Reuters.com, SEC Filings.

Financial Summary

WAMUQ is now owned and operated by JPMorgan Chase.

Source: Reuters.com, SEC Filings.

Analyst Consensus

No recommendation data available.

Source: www.ft.com

No consensus analysis data available.

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=WAMUQ.PK

Investment Highlights

A U.S. judge on Tuesday rejected a request for class-action status by First American Corp. shareholders who said the title insurer’s stock fell amid accusations the company colluded with WAMUQ to fraudulently inflate home values.

U.S. District Judge Lewis Kaplan said there was not enough evidence to show that the alleged collusion by First American and its eAppraiseIT unit significantly changed the “total mix” of information about the company, and might have dissuaded reasonable investors from buying the stock.

WAMUQ is not a defendant. The case was brought by a Pennsylvania pension fund, Berks County Employees’ Retirement Fund, on behalf of shareholders who invested in First American between April 2006 and November 2007, when New York Attorney General Andrew Cuomo sued First American.

Cuomo accused First American and eAppraiseIT of caving to pressure from Washington Mutual to use appraisers who provided inflated appraisals, allowing it to extend larger loans.

It was one of the first lawsuits by a U.S. regulator over the nation’s housing crisis. A New York state appeals court in June 2010 said Cuomo could proceed with the lawsuit.

A lawyer for the pension fund did not immediately return a call seeking comment.

First American on June 1 said it split into two companies: First American Financial Corp (FAF.N) and CoreLogic Inc (CLGX.N). The eAppraiseIT business became part of CoreLogic.

U.S. regulators seized WAMUQ in September 2008. JPMorgan Chase & Co (JPM.N) acquired its banking operations, and the Washington Mutual holding company filed for bankruptcy protection.

Source: www.yahoo.com

Technical Analysis

Source: http://stockcharts.com

WAMUQ is trading above its 50-day moving average. This is considered to be the sign of a bullish trend. There is added weight to this indication because the moving average is rising and suggests that there has been buying interest in this stock.

WAMUQ is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

WAMUQ’s MACD is indicating a weak bearish signal. Although the indicator is above the critical level of zero, which implies that the underlying moving averages are bullish, the MACD has crossed below its 9-day moving average or signal line. This suggests that positive momentum has begun to slow.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	(8,731,560)
% Change in Institutional Shares Held	240.31%

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

Related posts:

1. Stock Alert for Washington Mutual Inc. (WAMUQ)
2. Stock Alert for Washington Mutual Inc. (WAMUQ)
3. Stock Alert for Washington Mutual Inc. ($WAMUQ)

The Company was founded in 2004 and is based in Athens, Greece.

Source: Reuters.com, SEC Filings.

Financial Summary

The Company recorded net income of $8.7 million, or $0.02 basic and diluted earnings per share, for the three-month period ended June 30, 2010, as compared to a net income of $51.5 million, or $0.24 basic and diluted earnings per share, for the three-month period ended June 30, 2009. Adjusted EBITDA, which is defined and reconciled later in this press release, was $152.3 million for the second quarter of 2010 as compared to $74.2 million for the same period in 2009.

Included in the second-quarter 2010 results are various items totaling $71.7 million, or $0.28 per share. Excluding these items, DRYS’ adjusted net income amounts to $80.4 million, or $0.30 per share.

Basic earnings per share, for the second quarter of 2010, includes a non-cash accrual for the cumulative payment-in-kind dividends on the Series A Convertible Preferred Stock, amounting to $2.5 million, which reduces the income available to common shareholders.

For the drybulk carrier segment, net voyage revenues (voyage revenues minus voyage expenses) increased by $8.9 million to $108.8 million for the three-month period ended June 30, 2010, as compared to $99.9 million for the three-month period ended June 30, 2009. For the offshore drilling segment, revenues from drilling contracts amounted to $109.0 million for the three-month period ended June 30, 2010, as compared to $100.6 million for the same period in 2009.

Total vessel and rig operating expenses and total depreciation and amortization decreased to $46.7 million and $48.3 million, respectively, for the three-month period ended June 30, 2010, from $51.4 million and $48.7 million, respectively, for the three-month period ended June 30, 2009. Total general and administrative expenses declined to $16.8 million in the second quarter of 2010 from $21.9 million during the comparative period in 2009.

Interest and finance costs, net of interest income, was relatively stable at $24.1 million for the three-month period ended June 30, 2010, compared to $22.1 million for the three-month period ended June 30, 2009.

Financial Strength (Aug-31-2010)	Company	Industry	Sector	S&P 500
Quick Ratio (MRQ)	0.54	1.05	1.18	0.83
Current Ratio (MRQ)	0.54	1.15	1.47	0.97
Long-Term Debt to Equity(MRQ)	38.01	99.79	57.92	126.70
Total Debt to Equity (MRQ)	94.41	119.44	79.28	186.51

Source: Reuters.com, SEC Filings.

Analyst Consensus

This is the consensus forecast among 15 polled investment analysts. Against the DryShips Inc company.

The 12 analysts offering 12-month price targets for DRYS have a median target of 6.30, with a high estimate of 11.00 and a low estimate of 4.00. The median estimate represents a 56.33% increase from the last price of 4.03.

Source: www.ft.com

Consensus Estimates Analysis

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=DRYS.O

Investment Highlights

DRYS recently announced that the Annual Meeting of Shareholders will be held at the Company’s offices located at 80 Kifissias Avenue, 15125, Amaroussion, Athens, Greece on Monday, September 6, 2010, at 1:00 pm Athens time.

The board of directors has fixed the close of business on Monday, July 19, 2010, as the record date for the determination of the shareholders entitled to receive notice and to vote at the Annual Meeting or any adjournments or postponements thereof. Formal notice of the meeting and the Company’s proxy statement will be sent to stockholders of the Company in due course.

DRYS  has been struggling to find charter contracts for at least two of the four brand new drillships that it’s set to take delivery of this year and next. Without inking agreements to hire out those vessels, the Company likely won’t be able to find the $1 billion in financing it still needs to pay for the newbuildings. However, recent industry rumors have indicated that DRYS may issue high-yield bonds in order to raise at least some of the money.

Source: http://www.dryships.com

Technical Analysis

Source: http://stockcharts.com

DRYS is below its 13-day moving average. This bearish sign is even more significant because the moving average is also trending lower.

DRYS is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

The MACD for DRYS currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of zero, which implies that the underlying moving averages are trending lower.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	n/a
% Change in Institutional Shares Held	n/a

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

Related posts:

1. Stock Alert for DryShips Inc. (DRYS)
2. Stock Alert for DryShips Inc. (DRYS)
3. Stock Alert for DryShips Inc. (DRYS)

AEterna Zentaris Inc. was founded in 1991 and is headquartered in Quebec City, Canada.

Source: Reuters.com, SEC Filings.

Financial Summary

Second Quarter 2010 Highlights

Revenues were $5.6 million for the three-month period ended June 30, 2010, compared to $8.4 million for the same period in 2009. The decrease is due mainly to the absence, in 2010, of amortization of an upfront license fee payment related to the agreement with sanofi-aventis U.S. LLC, which was entered into in March 2009 and subsequently terminated, in connection with AEZS now discontinued development program involving cetrorelix for the treatment of benign prostatic hyperplasia (“BPH”).

Research and development (“R&D”) costs, net of tax credits and grants, were $5.0 million for the three-month period ended June 30, 2010, compared to $12.1 million for the same period in 2009. The comparative decrease in net R&D costs is primarily attributable to the winding down and termination of development activities related to cetrorelix in BPH.

Net loss was $4.5 million, or $0.06 per basic and diluted share, for the three-month period ended June 30, 2010, compared to $13.1 million, or $0.24 per basic and diluted share, for the same period in 2009. This decrease is mainly related to lower comparative net R&D costs and higher foreign exchange gains, which resulted largely from the comparative weakening in 2010 of the euro vis-à-vis the Canadian and U.S. dollar, partly offset by the comparative decrease in revenues, as discussed above.

Cash and cash equivalents were $45.3 million as at June 30, 2010.

Source: Reuters.com, SEC Filings.

Analyst Consensus

This is the consensus forecast among seven polled investment analysts. Against the AEterna Zentaris Inc company.

Source: www.ft.com

Consensus Estimates Analysis

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=AEZS.W

Investment Highlights

AEZS recently announced that the National Institutes of Health (“NIH”) has awarded Dr. Jacek Pinski, associate professor of Medicine at the Norris Comprehensive Cancer Center of the University of Southern California, a grant of about US$1.5 million over three years to conduct a phase 1-2 study in refractory prostate cancer with the Company’s doxorubicin LHRH receptor targeted conjugate compound, AEZS-108.

The study, entitled “A phase 1-2 Trial of AN-152 (AEZS-108) in Castration- and Taxane-Resistant Prostate Cancer,” will enroll up to 55 patients and will be conducted in two portions: the first portion will be an abbreviated dose-escalation followed by a single arm, Simon Optimum two-stage design phase II study using the dose selected in the phase 1 portion. The primary objective of the phase 2 portion is to evaluate the clinical benefit of AEZS-108 in men with castration- and taxane-resistant metastatic prostate cancer, for which the presence of LHRH receptors has been confirmed.

In addition to performing this phase 1-2 trial, Dr. Pinski will also lead a team that uses new methods for collecting circulating tumor cells and analyzing data about AEZS-108’s effectiveness in advanced prostate cancer.

About AEZS-108

AEZS-108 (formerly known as AN-152) represents a new targeting concept in oncology using a cytotoxic peptide conjugate, which is a hybrid molecule composed of a synthetic peptide carrier and a well-known cytotoxic agent, doxorubicin. The design of this product allows for the specific binding and selective uptake of the cytotoxic conjugate by LHRH-receptor-positive tumors. The binding of AEZS-108 to cancerous cells that express these receptors results in its accumulation and preferential uptake in the malignant tissue. AEZS-108 has already been studied in gynecologic cancers and has been shown to be effective and well tolerated in endometrial and ovarian cancer. Preclinical studies in animal models with prostate cancer also have demonstrated positive results with the drug.

AEZS-108 is currently in a phase 2 trial conducted in Europe by the German AGO Study Group (Study AGO-GYN5), in advanced ovarian and endometrial cancer. Positive final Phase 2 results for ovarian cancer were disclosed in June 2010 at the annual American Society of Clinical Oncology (“ASCO”) meeting, while those for endometrial cancer are expected by year-end. AEZS-108 has been granted orphan-drug designation by the FDA and has received a positive opinion for Orphan Medicinal Product designation from the Committee for Orphan Medicinal Products (COMP) of the European Medicines Agency, for the treatment of ovarian cancer.

Corporate developments

- April 20, 2010: Completion of a $15.0 million registered direct offering with certain institutional investors.

- April 23, 2010: Regained compliance with Nasdaq’s minimum bid price listing requirement.

- June 21, 2010: Completion of a $12.1 million registered direct offering with certain institutional investors.

Subsequent to Quarter-End

- July 8, 2010: Presentation at the 7th International Congress of Neuroendocrinology in Rouen, France, of a scientific poster entitled, “Use of the Orally Active Ghrelin Mimetic AEZS-130 as a Simple Test for the Diagnosis of Growth Hormone (GH) Deficiency (GHD) in adults (AGHD).”

- July 14, 2010: Perifosine receives orphan drug designation by the FDA for the treatment of neuroblastoma, a cancer of the nervous system affecting mostly children and infants for which there are no FDA approved therapies.

Source: http://www.aezsinc.com/

Technical Analysis

Source: http://stockcharts.com

AEZS is below its 13-day moving average. This bearish sign is even more significant because the moving average is also trending lower.

AEZS is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

The MACD for AEZS currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of 0, which implies that the underlying moving averages are trending lower.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	n/a
% Change in Institutional Shares Held	n/a

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

Related posts:

1. Stock Alert for AEterna Zentaris Inc. (AEZS)
2. Stock Alert for AEterna Zentaris Inc. (AEZS)
3. Stock Alert for AEterna Zentaris Inc. (USA)($AEZS)

For the quarter ended June 30, ENER reported a loss of $20.3 million, or $0.48 per share, compared with a loss of $17.6 million, or $0.42 per share, in the same quarter for the prior year. This represents a 15% increase in losses or a 14% increase in loss per share. Although these numbers are disappointing, they show a decreased loss and a possible reversal of precedence. Analysts had forecast a much larger loss of $0.60 per share for the quarter.

Revenue increased 68% from $51.4 million to $86.2 million, besting estimates from analysts of $72.3 million for the quarter. ENERs latest quarter’s profit was reduced by a net $6.7 million by various one-time charges as noted on the company’s 10-Q report.

ENER shares closed Monday at $3.98 per share, then opened at $4.16 on Tuesday morning as afterhours trading and the anticipation of better than expected earnings helped to prop up the share price. Then as news spread about company earnings beating analyst expectations the price per share soared to $4.73 at its high during the Tuesday trading session.

• Want more? Check out the message board buzz for ENER
• See what newsletters are recommending this stock here
• Get breaking news alerts on this stock:  http://thestockmarketwatch.com/

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The Company was formerly known as Giganet Ltd. and changed its name to Ceragon Networks Ltd. in September 2000. Ceragon Networks Ltd. was founded in 1996 and is headquartered in Tel Aviv, Israel.

Source: Reuters.com, SEC Filings.

Financial Summary

Revenues for the second quarter of 2010 reached an all-time high of $60.9 million, up 44% from $42.2 million for the second quarter of 2009 and up 2% from $59.7 million in the first quarter of 2010.

Net income in accordance with U.S. Generally Accepted Accounting Principles (GAAP) for the second quarter of 2010 was $2.6 million or $0.07 per basic share and diluted share, including a one-time expense of $1.15 million to acquire technology for further development. Net income in the second quarter of 2009 was $0.2 million, or $0.01 per basic and diluted share.

On a non-GAAP basis, net income for the second quarter, excluding $852,000 of equity-based compensation expenses and the $1.15 million one-time expense for technology, was $4.6 million, or $0.13 per basic and diluted share. Non-GAAP net income for the second quarter of 2009 was $1.04 million, or $0.03 per basic and diluted share (please refer to the accompanying financial table for reconciliation of GAAP financial information to non-GAAP).

Gross margin on a GAAP basis in the second quarter of 2010 was 35.3%. Gross margin on a non-GAAP basis was 35.4% of revenues.

Cash and cash investments at the end of the quarter were $94.9 million.

Source: Reuters.com, SEC Filings.

Analyst Consensus

No recommendation data available.

Source: www.ft.com

Consensus Estimates Analysis

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=CRNT.W

Investment Highlights

CRNT recently announced that it has entered an agreement to acquire the right to use and further develop advanced Ethernet network management software, which will accelerate enhancements to its end-to-end network management system (NMS).

Featuring a variety of networking functionalities, the software modules will be further developed and tailored to CRNT’s advanced FibeAir® platforms to boost the performance of its PolyView management solution. The development effort will help to simplify the design and management of complex Ethernet backhaul networks, and enable CRNT customers to achieve unmatched operational accuracy and higher overall network efficiency.

“As mobile networks become more complex, the ability to provide and manage a wide range of services becomes ever more challenging,” said Ira Palti, president and CEO of CRNT. “We are constantly evaluating opportunities to accelerate the introduction of new capabilities by acquiring technology. In this case, we will be adding attractive new end-to-end network management features to help our customers plan their networks faster while bringing operational errors to a minimum. Furthermore, we can help simplify daily maintenance tasks such as provisioning, error detection, fault management and more. This will result in better performance, lower operational costs and higher profitability.”

CRNT also recently announced that it has received new orders for its advanced FibeAir® platforms from a leading Indian operator. CRNT’s equipment will be deployed in a number of circles to facilitate the operator’s network expansion.

“We are very happy to see that the regulatory process related to security considerations in India is in place and orders are beginning to be released by operators as they receive clearance from the Indian government,” CEO Palti stated. “We expect revenue from the current orders to be recognized during 2011, while continuing to target revenue growth in the range of 30%-35% for 2010.”

With more than 110 million users added in the first half of 2010, India’s mobile subscriber-base has grown to over 635 million. According to the Telecom Regulatory Authority of India (TRAI) more than 94% of telephony services in India are passed over wireless networks.

CRNT is an important player in India’s expanding wireless backhaul market. The Company’s advanced hybrid (IP/TDM) and all-IP solutions are used by most of India’s leading mobile operators to provide vital, high quality and high-capacity connectivity.

Source: http://www.ceragon.com/

Technical Analysis

Source: http://stockcharts.com

CRNT is trading above its upper Bollinger Band. Relative to recent price action, the stock is currently overextended and due for either a pause or retracement.

The MACD for CRNT currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9-day moving average. Second, the MACD is above zero, which implies that the underlying moving averages are trending higher.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	(3,159,830)
% Change in Institutional Shares Held	(28.54%)

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

Related posts:

1. Stock Alert for Motorola Inc. (MOT)
2. Stock Alert for Motorola Inc. (MOT)
3. Stock Alert for Motorola Inc. (MOT)

Ambac Financial Group was founded in 1971 and is headquartered in New York, New York.

Source: Reuters.com, SEC Filings.

Financial Summary

ABK recently announced a second quarter 2010 net loss of $57.6 million, or a net loss of $0.20 per share. This compares to a second quarter 2009 net loss of $2,368.8 million, or a net loss of $8.24 per share. The second quarter 2010 results reflect loss and loss expenses in consumer asset-backed securities, other structured finance exposures and a transportation transaction and a net operating loss in the financial services segment, partially offset by a positive change in fair value of credit derivatives. In 2009, ABK’s second-quarter results reflected significant loss and loss expenses related to the insured residential mortgage-backed securities (“RMBS”) portfolio, other-than-temporary impairment write downs of securities in its investment portfolios and an increase in its deferred tax asset valuation allowance.

Second-Quarter 2010 Summary

• Net loss and loss expenses incurred amounted to $323.3 million for the current quarter, down from $1,230.8 million in the second quarter of 2009.
• Net change in fair value of credit derivatives was positive $202.2 million in the current quarter, up from $1.0 million in the second quarter 2009.
• The financial services segment recorded a $69.6 million operating loss primarily related to interest rate movements in the derivative products business.
• Statutory surplus of Ambac Assurance Corp. (“AAC”) increased to approximately $1.5 billion at June 30, 2010, from $160.2 million at March 31, 2010, driven primarily by the CDO of ABS commutation settlement on June 7, 2010.

Net Premiums Earned

Net premiums earned for the second quarter of 2010 were $167.0 million, down 6% from $177.7 million earned in the second quarter of 2009. Net premiums earned include accelerated premiums, which result from calls, terminations and other accelerations recognized during the quarter. Accelerated premiums were $54.3 million in the second quarter of 2010, up 61% from $33.8 million in the second quarter 2009. Normal net premiums earned, which exclude accelerated premiums, were $112.7 million in the second quarter of 2010, down 22% from $143.9 million in the second quarter of 2009. Normal net premiums earned for the period have been negatively impacted by the lack of new business written and the high level of refunding and terminations over the past two and a half years, as well as non-recognition of premiums earned on VIEs that have been consolidated as a result of implementation of ASU 2009-17, effective January 1, 2010.

Net Investment Income

Net investment income for the second quarter of 2010 was $69.0 million, representing a decrease of 45% from $125.5 million in the second quarter of 2009. The decrease was primarily driven by three factors: (i) a decrease in the asset base as commutation settlements on CDO of ABS transactions (including the $2.8 billion payment in the current quarter) and claim payments on insured RMBS and other transactions over the past 12 months were greater than the cash inflows resulting from collections of financial guarantee premiums, fees, tax refunds and coupon receipts on invested assets over the same period; (ii) the average yield on the portfolio decreased as a result of maintaining a large portion of the portfolio in highly liquid short-term securities awaiting the finalization of the CDO of ABS commutation; and (iii) a reduction in interest income related to AAC-insured RMBS held in the financial guarantee investment portfolio that are subject to the payment moratorium ordered by the OCI in connection with the rehabilitation plan for the Segregated Account of AAC.

Other-Than-Temporary Impairment Losses

Other-than-temporary impairment (“OTTI”) losses in the financial guarantee investment portfolio were $7.5 million in the second quarter of 2010, compared to OTTI losses of $675.4 million in the second quarter of 2009. The second-quarter 2010 OTTI loss was driven primarily by impairment write downs on AAC-wrapped RMBS securities within its investment portfolio. The second-quarter 2009 OTTI impairment loss was driven by write-downs of certain RMBS securities rated below investment grade and tax exempt securities within the investment portfolio that management intended to sell in connection with its revised investment strategies.

Net Change in Fair Value of Credit Derivatives

The net change in fair value of credit derivatives, which comprises realized gains/(losses) and other settlements from credit derivatives and unrealized gains/(losses) on credit derivatives, was a gain of $202.2 million for the second quarter of 2010, compared to a gain of $1.0 million for the second quarter of 2009.

Realized losses and other settlements from credit derivative contracts represent the normal accretion into income of fees received for transactions executed in credit derivative format, offset by loss and settlement payments on such transactions. Net realized losses and other settlements from credit derivative contracts in the second quarter of 2010 and 2009 amounted to $2,777.3 million and $5.0 million, respectively. The net realized losses in the second quarter 2010 relate primarily to the counterparty settlement of the CDO of ABS portfolio that was announced on June 7, 2010. ABK paid in the aggregate, cash of $2.6 billion and $2.0 billion of newly issued surplus notes to several counterparties to settle the $16.4 billion of CDO of ABS exposure outstanding at that time. In addition, ABK settled other exposures for $186.5 million.

Net unrealized gains on credit derivative contracts in the second quarter of 2010 and 2009 amounted to $2,979.5 million and $6.0 million, respectively. The net unrealized gain during the second quarter of 2010 is primarily the result of reclassification of unrealized losses to realized losses resulting from the commutations referenced above. Additionally, the unrealized gains were impacted by the net decrease in mark-to-market liabilities of the remaining credit derivative portfolio due to higher valuation adjustments to reflect ABK’s own credit risk. Beginning in the second quarter 2010, the ABK credit valuation adjustment is internally estimated using relevant data points, including the final settlement value of AAC credit default swaps (determined through auction in June 2010) and quoted prices of securities guaranteed by AAC, which indicate the market’s view of the recovery rate on AAC’s insurance obligations.

Financial Guarantee Loss Reserves

Total net loss and loss expenses were $323.3 million in the second quarter of 2010, compared to $1,230.8 million in the second quarter of 2009. Losses and loss expenses in the second quarter of 2010 were primarily related to credit deterioration in certain student loan transactions and the impact of using a lower average risk-free rate to discount losses. Second quarter of 2009 loss and loss expenses were driven by continued deterioration in the RMBS portfolio.

Loss and loss adjustment expenses paid (on policies not allocated to the Segregated Account) during the second quarter 2010, net of recoveries from all policies (allocated and not allocated to the Segregated Account), amounted to a net recovery of $17.1 million. Total insurance claims presented for payment during the quarter but not paid as a result of the moratorium imposed in March 2010 by the OCI on all policies allocated to the Segregated Account amounted to $525.4 million, all related to RMBS policies. Total net claims paid in the second quarter of 2009 were $400.8 million, primarily related to second-lien RMBS transactions.

Loss and loss expense reserves for all RMBS insurance exposures as of June 30, 2010, were $2,689.7 million (including $655.5 million representing claims presented but not paid since March 24, 2010, due to the claims moratorium). RMBS reserves are net of $2,227.2 million of estimated net remediation recoveries. The estimate of net remediation recoveries related to material representation and warranty breaches increased from $2,069.2 million as of March 31, 2010, primarily as a result of breaches identified during the re-underwriting of additional transactions. ABK has initiated and may continue to initiate lawsuits seeking compliance with the repurchase obligations in the securitization documents with respect to sponsors who disregard their obligations to repurchase. Additionally, ABK is in the process of re-underwriting additional transactions that have drastically underperformed expectations and the forensic results of those transactions will be available over the next few quarters.

Financial Services

The financial services segment comprises the investment agreement business and the derivative products business. Gross interest income less gross interest expense and operating expenses from investment and payment agreements, plus operating results from the derivative products business was ($69.6) million for the second quarter of 2010, down from ($37.1) million for the second quarter of 2009. The decrease was primarily driven by the impact of declining interest rates on the financial services derivative portfolio during the second quarter of 2010, partially offset by lower termination losses on canceled swaps and valuation adjustments relating to ABK’s credit risk. Beginning in the second half of 2009, the financial services segment has been positioned to record gains in a rising interest rate environment in order to provide a hedge against certain exposures within the financial guarantee segment. The interest rate swap and investment agreement businesses are in run-off.

Balance Sheet and Liquidity

Total assets decreased by approximately $5.8 billion during the second quarter of 2010, from $35.8 billion at March 31, 2010, to $30.0 billion at June 30, 2010, primarily due to the cash outflow related to the commutation of the CDO of ABS portfolio and other exposures discussed above, and the reduction of VIE assets by approximately $2.6 billion, related primarily to commuted CDOs of ABS that had been consolidated in compliance with ASU 2009-17 in the previous quarter.

The fair value of the consolidated non-VIE investment portfolio decreased from $9.7 billion (amortized cost of $9.6 billion) as of March 31, 2010, to $6.6 billion (amortized cost of $6.3 billion) as of June 30, 2010. The decrease was primarily driven by the cash outflow related to the commutations of the CDO of ABS portfolio and other exposures, discussed above, partially offset by generally increased market values of securities in the financial guarantee investment portfolio.

The financial guarantee non-VIE investment portfolio had a fair value of $5.3 billion (amortized cost of $5.0 billion) as of June 30, 2010. The portfolio consists of high quality municipal bonds, corporate bonds, Treasuries, U.S. Agencies and Agency MBS as well as mortgage and asset-backed securities.

Long-term debt increased during the quarter from $1,633.4 million at March 31, 2010, to $1,815.0 million due to the issuance of $2.0 billion of surplus notes related to the CDO of ABS commutation which have a carrying value of $200.1 million at June 30, 2010. The surplus notes will accrete to face value over the 10-year life of the bonds. This increase was partially offset by decreases in ABK’s debt resulting from debt for equity exchanges transacted with certain holders of ABK’s 9⅜% debentures due in August 2011. During the second quarter 2010, ABK issued an aggregate of 13,638,482 shares of its common stock in exchange for $20.3 million in aggregate principal amount of its 9⅜% debentures and recognized a gain on the extinguishment of those debentures amounting to $10.7 million during the period.

Cash, short-term securities and bonds at the holding company amounted to $76.0 million as of June 30, 2010. ABK’s annual debt service costs amount to approximately $87.0 million. As a result of the recent actions taken by OCI (as discussed in the Company’s press release dated March 25, 2010, and in its 10-K filed with Securities Exchange Commission on April 9, 2010), management believes that it is highly unlikely that AAC will be able to make dividend payments to ABK for the foreseeable future.

Source: Reuters.com, SEC Filings.

Analyst Consensus

This is the consensus forecast among one polled investment analysts. Against the Ambac Financial Group Inc company.

Source: www.ft.com

No consensus analysis data available.

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=ABK

Investment Highlights

ABK has withdrawn its plans for the sale of up to $1 billion worth of securities, as the late filing of its 10-K for fiscal 2009 annual report debarred it from issuing securities. ABK withdrew the S-3 registration statement filed on April 1, 2009. Earlier this month, the Company was also preparing for bankruptcy protection to restructure its outstanding debt. ABK also fears its inability to cover its operating expenses and debt service obligations after the second quarter of 2011.

The Company has been enmeshed in difficulties since the U.S. housing market collapsed in 2008. Previously, in November 2009, with the filing of the third-quarter 2009 10-Q, ABK had announced that it might file for bankruptcy protection if it fails to pull through its cash position.

Following the state of Wisconsin taking control of some of the Company’s $64 billion worst-hit assets in March 2010, ABK once again resounded the warning.

During the second quarter of 2010, ABK posted a loss of 20 cents a share. However, the loss incurred in the quarter saw a substantial improvement from the loss of $8.24 per share reported in the prior-year period.  Nevertheless, the Company continues to suffer losses in consumer asset-backed securities, other structured finance exposures and poor performance at The Financial Services segment.

ABK is vigorously trying to lower its debt level. The Company has been swapping debt for equity. On June 8, ABK commuted $16.4 billion of exposure to collateralized debt obligations of asset-backed securities and $1.4 billion non-collateralized debt obligations of asset-backed securities. ABK also intends to convert certain other non-collateralized debt obligations of asset-backed securities exposures worth $1.5 billion.

On June 17, ABK exchanged $8.5 million in debt for 5 million shares of ABK common stock. Again, on June 30, the Company further converted another $11.8 million in debt to 8.6 million shares of ABK’s common stock.

Source: http://www.ambac.com/ , www.yahoo.com

Technical Analysis

Source: http://stockcharts.com

ABK is below its 13-day moving average. This bearish sign is even more significant because the moving average is also trending lower.

ABK’s recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, ABK is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

The MACD for ABK currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of zero, which implies that the underlying moving averages are trending lower.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	(38,335,800)
% Change in Institutional Shares Held	(93.23%)

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

Related posts:

1. Stock Alert for Ambac Financial Group Inc. (ABK)
2. Stock Alert for Ambac Financial Group Inc. (ABK)
3. Atlantic Southern Financial Group Inc. ($ASFN) Spikes 50%

The Company was incorporated in 1985 and is headquartered in San Jose, California. SunPower Corp. operates independently of Cypress Semiconductor Corp., as of September 22, 2008.

Source: Reuters.com, SEC Filings.

Financial Summary

SPWRA lost $6.2 million in its second quarter due to a big tax expense and despite a rise in revenue.

The loss amounted to 6 cents per share, compared with net income of $14.3 million, or 15 cents per share, in the same period a year earlier.

Excluding one-time items like the tax expense, SPWRA would have earned 15 cents per share. Analysts expected just 10 cents per share, according to a poll by Thomson Reuters.

Its revenue rose 28% to $384.2 million. Analysts expected $401.2 million.

For all of 2010, SPWRA expects net income between 25 cents per share and 55 cents per share, excluding one-time items. Analysts expect $1.28 per share. It wasn’t immediately clear if those numbers can be compared. The Company expects revenue of $2.0 billion to $2.25 billion. Analysts expected $2.1 billion.

Financial Strength (Aug-27-2010)	Company	Industry	Sector	S&P 500
Quick Ratio (MRQ)	1.42	1.20	0.72	0.83
Current Ratio (MRQ)	1.72	1.55	1.01	0.98
Long-Term Debt to Equity(MRQ)	55.73	14.22	53.53	126.77
Total Debt to Equity (MRQ)	67.79	17.01	61.36	186.53

Source: Reuters.com, SEC Filings.

Analyst Consensus

This is the consensus forecast among 37 polled investment analysts. Against the SunPower Corp company.

The 31 analysts offering 12-month price targets for SPWRA have a median target of 15.00, with a high estimate of 30.00 and a low estimate of 11.00. The median estimate represents a 49.55% increase from the last price of 10.03.

Source: www.ft.com

Consensus Estimates Analysis

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=SPWRA.O

Investment Highlights

Shares of SPWRA rose Friday after two analysts upgraded the stock, saying it was undervalued after a long slump.

THE SPARK: Raymond James upgraded the shares to “Outperform” from “Market Perform.” Analyst Pavel Molchanov called it “a tactical rating change.”

Molchanov said he hasn’t been a fan of the Company because of a high cost structure and thin margins, but the shares have fallen two-thirds of their value since last October – and that they’re now a bargain.

Molchanov said the stock price suggested a value below the worth SPWRA’s tangible assets, which only happens in the solar industry at companies that are more distressed than SPWRA.

SPWRA’s earnings have been disappointing, but it does generate cash flow from operations, he said.

Soleil analyst Paul Leming raised his rating to “Buy” from “Hold.” He said after the beating the shares have taken, “the risk-reward profile is positive.”

Leming said the stock slump was due to weak results plus “the Company’s opaque business model and insanely complex” approach to reporting earnings both with and without following customary accounting standards.

Leming predicted the Company “will see a surge in business in the fourth quarter — the earnings will come through as management is forecasting.”

Cypress Semiconductor Corp. (NASDAQ:CY) and SPWRA recently announced a joint donation to the Second Harvest Food Bank of Santa Clara and San Mateo Counties valued at $1.1 million for the purchase of a SPWRA rooftop solar system. The 322-kilowatt (kW) system will be installed at the non-profit organization’s headquarters, located on Curtner Ave. in San Jose, Calif. It is expected to save the food bank nearly $3 million over the 25-year life of the system–translating into approximately 6 million meals for the local community.

The 322-kW system on the 1.4 acre roof at Second Harvest Food Bank is comprised of the SPWRA T10 Solar Roof Tile and the SPWRA T5 Solar Roof Tile. Both solar roof tile products use SPWRA’s high-efficiency solar panels that are tilted at 10-degrees and 5-degrees respectively to increase energy capture. The T5 Solar Roof Tile integrates a solar panel, frame and roof mounting system into a single unit, reducing installation time and costs. The system will generate enough electricity to meet more than half of the organization’s electrical needs. System installation is expected to be completed in September.

Money earmarked for this project includes more than $700,000 that was raised by Cypress and its employees through fundraisers and corporate giving initiatives during the holiday food drive this past fall. Since 1989, Cypress has donated nearly $5 million in cash and more than one half-million pounds of food to Second Harvest Food Bank, driving 19 consecutive victories for Cypress in the Food Bank’s Corporate Food Bowl Challenge.

Source: http://us.sunpowercorp.com/ www.yahoo.com

Technical Analysis

Source: http://stockcharts.com

SPWRA is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.

The MACD for SPWRA currently indicates a strong bearish signal for two reasons. First, the MACD is below the signal line, a 9-day moving average. Second, the MACD is below the critical level of zero, which implies that the underlying moving averages are trending lower.

Comparative Analysis

Source: Thomson Financial

Insider Trading Activity

Net Institutional Purchases — Prior Qtr to Latest Qtr
	Shares
Net Shares Purchased (Sold)	(9,586,910)
% Change in Institutional Shares Held	(11.56%)

Source: Yahoo Finance

DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the “SEC”) or with any state securities regulatory authority.  We are neither licensed nor qualified to provide investment advice.

The information contained in our report should be viewed as commercial advertisement and is not intended to be investment advice.  The report is not provided to any particular individual with a view toward their individual circumstances. The information contained in our report is not an offer to buy or sell securities.  We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.

Our newsletter and website have been prepared for informational purposes only and are not intended to be used as a complete source of information on any particular company.  An individual should never invest in the securities of any of the companies profiled based solely on information contained in our report.  Individuals should assume that all information contained in the report about profiled companies is not trustworthy unless verified by their own independent research.

Any individual who chooses to invest in any securities should do so with caution.  Investing in securities is speculative and carries a high degree of risk; you may lose some or all of the money that is invested.  Always research your own investments and consult with a registered investment advisor or licensed stock broker before investing.

Information contained in our report will contain “forward looking statements” as defined under Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934.  Subscribers are cautioned not to place undue reliance upon these forward looking statements.  These forward looking statements are subject to a number of known and unknown risks and uncertainties outside of our control that could cause actual operations or results to differ materially from those anticipated.  Factors that could affect performance include, but are not limited to, those factors that are discussed in each profiled company’s most recent reports or registration statements filed with the SEC.  You should consider these factors in evaluating the forward looking statements included in the report and not place undue reliance upon such statements.

We are committed to providing factual information on the companies that are profiled.  However, we do not provide any assurance as to the accuracy or completeness of the information provided, including information regarding a profiled company’s plans or ability to effect any planned or proposed actions.  We have no first-hand knowledge of any profiled company’s operations and therefore cannot comment on their capabilities, intent, resources, nor experience and we make no attempt to do so.  Statistical information, dollar amounts, and market size data was provided by the subject company and related sources which we believe to be reliable.

To the fullest extent of the law, we will not be liable to any person or entity for the quality, accuracy, completeness, reliability, or timeliness of the information provided in the report, or for any direct, indirect, consequential, incidental, special or punitive damages that may arise out of the use of information we provide to any person or entity (including, but not limited to, lost profits, loss of opportunities, trading losses, and damages that may result from any inaccuracy or incompleteness of this information).

We encourage you to invest carefully and read investment information available at the websites of the SEC at http://www.sec.gov and FINRA at http://www.finra.org.

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