ZST Digital Netowrks (NASDAQ: ZSTN) $5.70 Watch out for this stock as the pps is quietly ticking up to penetrate its 50-day MA of $6.22. There has been a slight increase in volume and an increased activity after its recent announcement. Stock has rallied earlier in the day, but so far has lost a percentage partly because S&P and all the other indices has retraced.
ZST Digital
Networks, Inc. announced that as a part of its ongoing expansion strategy, the
Company recently entered into a purchase agreement for two floors of an office
building located near its existing offices in Zhengzhou City, China.
The purchased area is approximately 2,880 square meters, for a total purchase
price of approximately US$7.8 million.
ZST Digital Networks, Inc is engaged in supplying digital and optical network equipment to cable system operators in the Henan Province of China. The Co. has developed a line of Internet protocol television (IPTV) set-top boxes that are used to provide bundled cable television, Internet and telephone services to residential and commercial customers. The Company has assisted in the installation and construction of over 400 local cable networks covering more than 90 municipal districts, counties, townships, and enterprises.
Synovus
(AMEX: SNV) $2.85 SNV has been on a tear with strong volume, as the company blew
through its moving averages. Stock has been up 1.4% so far with a volume
of 7 million shares. Co. announced that
by a fourth-quarter loss narrowed as the regional bank set aside less to cover
bad loans and disposed of distressed assets. The loss was worse than
analysts' feared. CEO Kessel D. Stelling said Synovus
"disposed of $573 million in distressed assets, significantly improving
the quality of our balance sheet. Additionally, our total non-performing
assets, non-performing loan inflows, delinquencies, and credit costs are at
their lowest levels in two or more years." Since the banking
industry has been in the slump as companies struggle to put bad loans behind
them, adjust to costly regulations and try to improve revenue amid a sluggish
economy. Synovus recently said it would reduce its staff by 13% this year and
close 39 of its branches.
Synovus Financial Corp., a diversified financial services and bank holding company, provides commercial and retail banking, financial management, insurance, and mortgage services in Georgia, Alabama, South Carolina, Florida, and Tennessee.
Conexant
(NASDAQ: CNXT)
$2.10 Conexant announced today that it intends to redeem the remaining $11.2
million aggregate principal amount of outstanding 4.0% conv. subordinated notes
due 2026. The stock has so far dropped 1%, but it has been rallying
between $1.40 and $2.00 in the last few months. Company has solid
fundamentals compared to its peers, in terms of operating and net profit
margins.
Conexant Systems, Inc. (Conexant) designs, develops and sells semiconductor system solutions, consist of semiconductor devices, software and reference designs, for imaging, audio, embedded-modem, and video applications. These solutions include a portfolio of imaging solutions for multifunction printers (MFPs), fax platforms, and interactive display frame market segments. Its audio solutions include high-definition (HD) audio integrated circuits, HD audio codecs, and speakers-on-a-chip solutions for personal computers (PC), PC peripheral sound systems, audio subsystems, speakers, notebook docking stations, voice-over Internet protocol (VoIP) speakerphones, universal serial bus (USB) headsets supporting Microsoft Office Communicator and Skype, and audio-enabled surveillance applications.
Wilmington
Trust Corporation (NYSE: WL) $4.38 This regional bank stock has been under a tremendous
selling pressure from institutional investors. With a current market cap of
$398.85M, Institutional investors currently own 73,840,110 shares vs.
76,427,270 shares held three months ago (-3.39% change). It has a short float
at 3.05%, which implies a short ratio of 0.89 days. The stock has lost -70.52%
over the last few months, so if you’re a bottom feeder, this stock could pose a
perfect buying opportunity.
Wilmington Trust Corporation is a financial holding company engaged in providing a range of banking and other financial services through its banking and other subsidiaries. The Company operates in four segments: Regional Banking, Corporate Client Services, Wealth Advisory Services and Affiliate Money Managers.
China Security and Surveillance
Technology (NYSE: CSR) $5.03 Stock popped 3% today as the volume doubled to 2.1 million.
Company today announced that its Board of Directors has received a
non-binding letter from its Chairman and Chief Executive Officer, Mr. Guoshen
Tu , which stated that Mr. Tu is considering the feasibility of developing a
proposal to acquire all of the outstanding shares of common stock of CSST not
currently owned by Mr. Tu in a going private transaction. Mr. Tu also stated in
the letter that "the amount of the purchase price has not been determined,
but my firm expectation is that it will not exceed $6.50 per share." Mr.
Tu currently beneficially owns approximately 20.9% of CSST's common stock.
We find this a good buying opportunity anywhere between the $4.90
and $5.00 range.
China Security & Surveillance Technology, Inc. is engaged through its indirect Chinese subsidiaries, in the manufacturing, distributing, installing, and servicing of surveillance and safety products and systems and developing surveillance and safety related software in China. The Company's customers include governmental entities, such as customs agencies, courts, public security bureaus, and prisons; non-profit organizations, including schools, museums, sports arenas, and libraries and commercial entities, such as airports, hotels, real estate, banks, mines, railways, supermarkets and entertainment venues.
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recommendation that the purchase of securities of companies profiled in this
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Always do you own homework before investing in any stock.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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