Honor Roll Stocks: $HMNA, $OPMR and $CPF
March 17th, 2010 at 4:24 pm Posted by
Here are The Dean’s Honor Roll Stocks who found plenty of good fortune this St. Patrick’s Day:
$HMNA – I was like, “Emilio!” No, Helios. Idiot.
Helios & Matheson North America Inc. (NASDAQ: HMNA) provides software and information technology (IT) consulting solutions, and custom application development services, and offers software and consulting solutions, through an integrated suite of service lines in the areas of application value management, application development, integration, independent validation, infrastructure, information management, and IT advisory services. Despite $HMNA recently receiving a letter from NASDAQ concerning Rule 5550(a)(5), which requires a minimum market value of $1,000,000 in publicly held shares, $HMNA gained a massive 138.46%—not a bad pot of gold for one day.
$OPMR – WowWee Worthy
Optimal Group Inc., (NASDAQ: OPMR), through its interest in WowWee Group Companies, engages in the design, development, marketing, and distribution of technology-based, consumer robotic, toy, and entertainment products. This morning, $OPMR announced the company has entered into a support agreement with a WowWee-affiliated corporation for $2.40 per share in cash. As a result of this take-over news, $OPMR traded more than 52 times its 3 month average volume and moved up 46.87%%.
$CPF – Turnaround Profits
Central Pacific Financial Corp. (NYSE: CPF) operates as the bank holding company for Central Pacific Bank that provides commercial banking services in Hawaii. Yesterday after close, $CPF announced the replacement of Chairman Ronald Migita “with a bank turnaround specialist” and plans to shrink its assets by selling off $500 million in securities and reducing its loan portfolio. Today, $CPF moved into the land of green by as much as 25.6%, before taking home 13.41%.
And let’s not forget this Dunce:
$BBI – Bankruptcy Bound?
Recently, BlockBuster Inc. (NYSE: BBI), yes the place where everyone used to go to rent movies, has been talking a lot about bankruptcy and has even been considered a dangerous stock that will burn investors. Following yesterday’s SEC filing, where the company said they might have to file for Chapter 11 bankruptcy protection, $BBI crumbled 29.18%.
