Archive for November 13th, 2009

More Options Analysis in Palm Chatter (PALM)

Palm Inc. (NASDAQ: PALM) has already been covered today on the would-be takeover rumor.  Its implied volatility is merely up 3.4% on takeover chatter, but 58,000 calls and 16,390 puts have traded with bullish bias as 51% of calls are bought offer side, new opening buyers.  A recent buyer of 8,750 November $16 calls with [...]

Re-Rumor in Palm (PALM, DELL, NOK)

Palm Inc. (NASDAQ: PALM) is trading higher on those pesky takeover rumors all over again.  Some say Nokia Corp. (NYSE: NOK) and some say Dell Inc. (NASDAQ: DELL) is a possible suitor.  Frankly, both have long been buyers of the company IF you listen to the rumor mill.  We question the rumor though not just [...]

Nordstrom Faces Earnings Firing Squad (JWN)

Nordstrom Inc. (NYSE: JWN) is seeing the same issue on earnings as other some other retailers.  The high-end retailer said earnings were $0.38 EPS.  That is a penny under the $0.39 estimate from Thomson Reuters. Its costs were higher than expected at the time that shoppers started spending more.  The high-end retailer raised 2009 guidance [...]

A&F Solid Earnings, Poor Sales (ANF)

Abercrombie & Fitch Co. (NYSE: ANF) is trading higher after it reported earnings that were ahead of estimates.  The problem is that it was on poor sales.  The young adult retailer posted $0.30 EPS vs 0.20 estimates; sames store sales were down 22% from a year ago. Total sales were down 15% at $765.4 million. [...]

Playboy Buyout Interest Remains (PLA)

Playboy Enterprises Inc. (NYSE: PLA) is almost never a volume spike candidate.  Reports yesterday sent this one soaring and it up again in the pre-market hours.  At 8:25 AM EST we have shares up another 8% at $4.40 ($1.03 to $4.75 52-week range).  Average volume is a mere 350,000 shares.  The reports put Playboy in [...]

Telestone Plays NASDAQ Highest Gainer (TSTC)

Telestone Technologies Corp. (NASDAQ: TSTC) soared last night and is still soaring this morning after earnings.  The company is a developer and provider of wireless communication local access network solutions based in China, said that its revenues increased 124.7% to $18.9 million and gross margins were 52.7%.  Shares were up over 20% on the news [...]

Cadence Sees FDA Delay (CADX)

Cadence Pharmaceuticals Inc. (NASDAQ: CADX) is getting clipped this morning.  The FDA has extended the review from today for its painkiller Acetavance by three months out to February 2010.  The reason offered was that the FDA needed more time to review data, but the company said specifically that the FDA is not asking for additional [...]

RINO Plays Hippo (RINO)

RINO International Corp. (NASDAQ: RINO) is soaring after earnings.  RINO designs, manufactures, installs and services proprietary and patented waste water treatment, desulphurization equipment, and high temperature anti-oxidation systems for iron and steel manufacturers in China.  Its Q3 2009 net sales rose 41.0% to $63.3 million vs. Q3 2008; net income rose 73.3% to $17.1 million; [...]