Archive for May, 2007

MAMA – Update

By: ispeculatornew | Date posted: 05.27.2007 (12:00 am)

MAMA – Mamma.com Inc. (Nasdaq) (Closing Price on Friday 5/25/07 – $4.15)

I mentioned in my last update that if Mamma.com found support I would recommend to cover. Mamma.com has found support around four dollars but I think barring some positive news the stock price will fall through this support level and start to decline more dramatically. Therefore, I wouldn’t recommend to cover yet.

I will provide an update based on what the stock price does in the next few weeks.

Disclosure: I am not shorting shares of MAMA.

HSOA – Update

By: ispeculatornew | Date posted: 05.27.2007 (12:00 am)

HSOA – Home Solutions of America (Nasdaq) (Closing Price – $6.97)

The stock price of Home Solutions of America has made quite a jump since they released first quarter earnings and I think the run is far from over.

In the past month Home Solutions of America has issued two press releases announcing contracts that were not included in the company’s previously announced backlog. One press release announced contracts worth 19 million, 11 million of which were not included in the backlog and are expected to be completed this year. The other contracts are valued at over 100 million and approximately 12 million of the work is expected to be completed this year. (more…)

JADE – Update

By: ispeculatornew | Date posted: 05.17.2007 (12:00 am)

JADE – LJ International (Nasdaq) (Closing Price – $12.23)

This stock has been a conundrum and is typical of the market right now.

LJ International did not report fourth quarter results and they have not issued a press release giving a reason why. They have also passed the day they reported Q1 results last year (May 15) so who knows if they are going to report Q1 results or provide an update?

Despite the fact that a publicly traded company has stopped reporting results, without an explanation, the stock is somehow going up. It defies rational thinking. (more…)

MAMA – Q1 2007 Earnings

By: ispeculatornew | Date posted: 05.14.2007 (12:00 am)

MAMA – Mamma.com Inc. (Nasdaq) (Closing Price – $4.50)

Mamma.com reported first quarter results on May 10 and the numbers they released were very unimpressive.

Mamma.com reported a loss of 0.10 per diluted share on revenue of 2.64 million. Search revenues increased but graphic advertising and “other” revenues were down sharply. Last quarter they had “other” revenues of 1.19 million (comprised of search advertising – 0.26 mil, software licensing – 0.7 mil, and customized development & maintenance – 0.23 mil). This quarter they said “other revenues such as software licensing and customized development and maintenance support” totaled 0.127 million. I am not sure if search advertising is part of the “other” revenues since they said “such as” and didn’t provide a breakdown of “other” revenues. However, even without search advertising taken into account this is a huge decrease in “other revenues” from the previous quarter. (more…)

MCZ – Update

By: ispeculatornew | Date posted: 05.13.2007 (12:00 am)

MCZ – Mad Catz Interactive (American Stock Exchange) (Closing Price on Friday – 05/11/07 – $0.90)

There have been many positive developments since my last post on MCZ.

Madcatz started shipping wired and wireless controllers for the Playstation 3 in March. They announced a new agreement to produce accessories for Mass Effect for the Xbox 360. They renewed their license agreement with the NBA to produce a new line of controllers and other accessories. Also, on Friday they announced an agreement with Microsoft to produce faceplates for Halo 3. (more…)

SVLF – Sell Recommendation

By: ispeculatornew | Date posted: 05.13.2007 (12:00 am)

SVLF – Silverleaf Resorts (Nasdaq) (Closing Price on Friday 05/11/07 – $4.97)

There have been a few developments since my initial recommendation of Silverleaf Resorts.

In February Silverleaf Resorts moved from the American Stock Exchange to the NASDAQ. This was a positive move since the NASDAQ is a higher profile stock exchange and Silverleaf will get more exposure there. In conjuction with the move Silverleaf changed its symbol from SVL to SVLF.

Silverleaf has also released two earnings reports. In March they reported fourth quarter results and more recently they reported first quarter results on May 8.  (more…)

HSOA – Q1 2007 Earnings

By: ispeculatornew | Date posted: 05.12.2007 (12:00 am)

HSOA – Home Solutions of America (Nasdaq) (Closing Price – $5.54)

On May 11, Home Solutions of America announced very good first quarter results. They also gave guidance for higher revenues and earnings in the second quarter.

Home Solutions reported revenue of 39.9 million and earnings per diluted share of 0.12 in the first quarter of 07. Both of these numbers were improvements sequentially and year over year. For the second quarter they gave guidance for revenues between 44-48 million and earnings between 0.14-0.17 per diluted share.

The CEO of Home Solutions said the “results reflect our ability to successfully address several of the operational issued that adversely impacted our 2006 fourth quarter results and to integrate the Fireline and Associated Contractors acquisitions.” With the operational issues taken care of and the seasonally slower first quarter complete, Home Solutions should start to post better results. This is evidenced by the guidance for higher revenues and earnings in the second quarter. (more…)