Today’s Trade Alerts include: Boots & Coots International Well Control Inc. (AMEX: WEL), Ligand Pharmaceuticals Inc. (Nasdq: LGND), Penwest Pharmaceuticals Co. (Nasdaq: PPCO), The Parent Company (Nasdaq: KIDS), GeneLink Inc. (OTCBB: GNLK) and Vertical Computer Systems Inc. (OTCBB: VCSY).
“Boots & Coots International Well Control Inc. (WEL) shares slid 2% to $2.52 Monday near noon. Boots & Coots provides a suite of integrated pressure control and related services to onshore and offshore oil and gas exploration and development companies primarily in North America, South America, North Africa, West Africa and the Middle East...
“Boots & Coots recently announced Cary Baetz has joined Boots & Coots as CFO. According to Boots & Coots' president and CEO Jerry Winchester, Baetz has that combination of financial, M&A and Wall Street experience that the company is searching for, and fills the final gap to a solid and highly capable management team. For Winchester, Baetz possesses a strong finance and strategic background and has the drive and energy to be successful as the company's CFO…
“Boots & Coots also recently signed a multi-service contract with Libya’s Harouge Oil Operations Company. The new contract, valued at close to $15 million for a two-year period, with optional one year extensions, provides for one hydraulic workover unit and a Safeguard prevention well control specialist for Harouge’s Amal field...”
“Ligand Pharmaceuticals Inc. (LGND) shares fell nearly 4% to $3.59 Monday at noon. Ligand, an early-stage biotech company, focuses on the discovery and development of drugs for the critical unmet medical needs in the areas of thrombocytopenia, anemia, cancer, hormone-related diseases, osteoporosis and inflammatory diseases in the United States…
“Ligand recently announced financial results for the three and six months ended June 30, 2008. Total revenues from continuing operations for the second quarter of 2008 were $4.8 million, compared with $1.4 million for the second quarter of 2007. The loss from continuing operations for the second quarter of 2008 was $4.9 million, or 5 cents per share, compared with a loss from continuing operations of $7.7 million, or 8 cents per share, for the second quarter of 2007…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Boots & Coots International Well Control Inc. (AMEX: WEL). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.
Source: BeaconEquity.com
Beacon Equity Research
Jeff Bishop, (469)-252-3505
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