Intelligent Speculator

LJ International still has not released an earnings report since they reported their third quarter earnings report last year. They issued a press release on June 28 stating that they were changing their auditor and that they would issue their annual report on July 16. However, they did not report their annual report by that date and to my knowledge they have not given a new date of when they will file their annual report (not to mention the Q1 and Q2 reports from this year).

When LJ International missed the extended deadline of July 16 to file their annual report they were no longer in compliance with NASDAQ requirements and they became in danger of being delisted from the exchange. Consequently, the stock price suffered a huge drop last month and the stock price is currently trying to find support in the six dollar range. (more…)

Streamline Health reported second quarter results today and once again released disappointing results.

Streamline Health reported revenue of 3.2 million which was down from 4.58 million reported in the comparable quarter last year. They also posted a loss of 12 cents a share compared to a profit of two cents last year.

Due to the continued poor results and the inability of Streamline Health to finalize its already delayed contracts I am going to give a sell recommendation. I am going to book a loss at today’s closing price.

Disclosure: I have no position in STRM.

Madcatz reported its fiscal 2008 first quarter results last Tuesday and posted solid numbers.

Madcatz came in with revenue of 14.58 million and a net loss of 181 thousand (break-even on a per share basis). Revenues declined year over year due to the release of Real World Golf in the prior year. However, gross margin continued to improve and Madcatz was able to post break-even in its slowest quarter (both are significant items). (more…)

HSOA – Home Solutions of America (Nasdaq) (Closing Price – $4.70)

Home Solutions of America released their second quarter results last week and posted moderate results. However, HSOA’s management did not provide additional details about their disputed New York and Florida contracts. They also did not provide guidance and they said they were going to delay providing a balance sheet until they talked to their lenders about the resolution of a note related to the acquisition of Fireline Restoration. In light of the many issues surrounding Home Solutions and the lack of information given by the company I am going to recommend to sell HSOA. (more…)

The stock price of Madcatz has suffered an undeserved decline in the last few weeks, especially the last few days, so I am going to give and update of what I think caused this and where the stock price is headed.

There a quite a few factors that have contributed to MCZ’s decline. (more…)