DALLAS, Texas - Today’s Trade Alerts include: Triad Guaranty Inc. (Nasdaq: TGIC), PeopleSupport Inc. (Nasdaq: PSPT), JetBlue Airways Corp. (Nasdaq: JBLU), China Medical Technologies Inc. (Nasdaq: CMED), NutraCea (OTCBB: NTRZ) and Searchlight Minerals Corp. (OTCBB: SRCH).
“Ahead of its earnings release, Triad Guaranty Inc. (TGIC) shares climbed 56% to $2.28 yesterday, slipping nearly 3% to $2.20 Tuesday morning. Triad Guaranty, through its subsidiary, Triad Guaranty Insurance Corp., provides private mortgage insurance products in the United States...
“After market close, Triad Guaranty reported a net loss for the quarter ended June 30, 2008, of $198.8 million compared with net income of $12.0 million for the same quarter in 2007. The loss per share was $13.36 for the second quarter of 2008 compared to diluted earnings per share of 80 cents for the second quarter of 2007…
“The net loss for the six months ended June 30, 2008, was $348.8 million compared to net income of $29.3 million for the same period in 2007. The loss per share was $23.45 for the first six months of 2008 compared to diluted earnings per share of $1.96 for the same period last year...”
“PeopleSupport Inc. (PSPT) maintained yesterday’s 25% surge, trading at $11.95 Tuesday morning. The activity follows the company’s announcement it is being bought by India-based outsourcing company Aegis BPO for about $250 million in a move for expansion…
“PeopleSupport, an offshore business process outsourcing (BPO) company, provides customer management, transcription and captioning, and additional BPO services through its centers in the Philippines, Costa Rica and the United States…
”Aegis will pay $12.25 per share through Essar Services. The buyout price marks a 29% premium to PeopleSupport's closing price of $9.53 last Friday. After the deal is closed, Aegis will have operations in India, the Philippines, the United States and Costa Rica, with about 4,000 employees in the United States and 25,000 in several offshore locations…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of Triad Guaranty Inc. (Nasdaq: TGIC). 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
press@beaconequity.com
