Champs & Chumps ..........Stock Market Winners & Losers

Monday, September 11, 2006

Stock Market Champs ..........9-11-06

Angeion Corp. (ANGN)


Last Trade:8.20
Trade Time:3:18PM ET
Change:Up 4.04 (96.93%)


Angeion Shares Rise After Swinging to Quarterly Profit on Higher Sales

Shares of Angeion Corp. climbed in midday trading after the maker of tools to diagnose heart and lung ailments said it swung to a profit in its fiscal third quarter, fueled by sales to clinical research clients.

Shares rose $3.45, or 83 percent, to $7.61 in midday trading, after earlier in the session surging to a new 52-week high of $8.11 on the Nasdaq. The stock has traded in a 52-week range between $2 to $5.84 and is up about 52 percent from the beginning of the year.

Angeion posted earnings for the quarter ended July 31 of $655,000, or 17 cents per share, versus a loss of $268,000 million, or 7 cents per share, in the year-ago quarter.

Revenue rose 45 percent to $8.8 million from $6.1 million. Business from one clinical research partner contributed to 38 percent of the quarterly take, the company said.

The company said sales of its cardiorespiratory diagnostic systems grew significantly, as did manufacturing and shipping of its pulmonary function systems.

Angeion said it also increased the number of health and fitness partners offering its New Leaf Active Metabolic Training programs.

The company said revenue from clinical research clients will continue to drive growth.

FortuNet, Inc (FNET)

Last Trade:9.81
Trade Time:3:18PM ET
Change:Up 2.11 (27.39%)


Take-Two Interactive Software Inc. (TTWO)

Last Trade:13.28
Trade Time:3:20PM ET
Change:Up 1.43 (12.07%)


Zumiez, Inc. (ZUMZ)

Last Trade:21.89
Trade Time:3:20PM ET
Change:Up 1.77 (8.80%)


Freescale Semiconductor Inc. (FSL)

Last Trade:36.62
Trade Time:3:12PM ET
Change:Up 5.87 (19.09%)


Corporate credit ratings agency Standard & Poor's said Monday it placed Freescale Semiconductor Inc. on "CreditWatch with negative implications," based on reports of a possible leveraged buyout.

Earlier on Monday, The New York Times reported Freescale was in talks for a possible sale to a consortium of investment firms including Texas Pacific Group and Permira, in a deal valued at $16 billion. The company later confirmed it is in talks for a "possible business transaction," but did not offer further details.

"Standard & Poor's placed the ratings on CreditWatch following press reports that the company was the target of a possible leveraged buyout by a group of private equity firms," said Standard & Poor's credit analyst Bruce Hyman, in a written statement.

Freescale's corporate credit rating with S&P is currently 'BBB-.'

Another credit ratings agency, Fitch, took the same route Monday, placing all of Freescale Semiconductor Inc.'s ratings on "Rating Watch Negative."

Fitch said the Rating Watch Negative affects $850 million in debt. Freescale's current issuer default rating, as well as its senior unsecured notes rating and its senior unsecured bank credit facility are all rated "BBB-" with Fitch.

Shares of Freescale, which have traded between $20.87 and $33.04 over the last year, were up $6.11, or almost 20 percent, at $36.86 on the New York Stock Exchange. Earlier in the session, shares set a 52-week high of $37.18


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