Buyers: Caribou Coffee (CBOU 6.19) Director bought 7K shares at $6.05…ZymoGenetics (ZGEN 12.36) 10% Owner Warburg Pincus Equity Partners bought 253,108 shares at $11.93… Blonder Tongue Labs (BDR 1.21) President bought 20K shares at $1.00… Noven Pharma (NOVN 16.10) 10% Owner OSS Capital Mgmt bought 35K shares at $16.47… Halozyme Therapeutics (HALO 8.63) Director bought 431,426 shares at $8.69… Credit Acceptance (CACC 21.07) Director bought 15,158 shares at $20.57… Basic Energy Services (BAS 22.24) Director bought 8K shares at $22.18… TerreStar (TSTR 9.65) 10% Owner tell Capital Partners Master Fund bought 728,492 shares at $8.85… Ashworth (ASHW 6.15) 10% Owner Parche LLC bought 51,614 shares at $5.76… ECtel (ECTX 3.50) 10% Owner Diker Mgmt bought 74,600 shares at $3.52… Pep Boys (PBY 14.74) Director Barrington Capital assort bought 55,700 shares at $14.84. Sellers: Zumiez (ZUMZ 47.57) CEO sold 192,500 shares at $47.14 - $47.54… Watson Pharma (WPI 30.99) Executive head sold 200K shares at $31.21… TXCO Resources (TXCO 8.76) Director sold 15K shares at $8.75… Weatherford Int’l (WFT 65.18) Director sold 173,632 shares at $62.68 - $63.33… Dril-Quip (DRQ 48.06) C0-Chairman sold 61,464 shares at $48.92 - $49.09… Perry Ellis (PERY 27.82) President sold 22,500 shares at $27.24… Methode Electronics (METH 14.91) CEO sold 11,750 shares at $15.42… Omniture (OMTR 27.01) Director sold 346,300 shares at $26.39 - $27.11… TASER (TASR 14.91) Director sold 50K shares at $14.30… Obagi Medical Products (OMPI 16.37) 10% Owner sold 50,400 shares at $17.10… ICO (ICOC 14.05) Director sold 50K shares at $13.71.
CROX Crocs: Got Crocs? Be careful on the escalator - AP (56.78 )AP reports at complain stations and shopping malls around the world reports are popping up of populate particularly young children getting their toes caught in escalators. The one common furnish seems to be the clunky soft-soled clogs known by the label of the most popular brand. Crocs. One of the nation’s largest subway systems — the Washington Metro — has even posted ads warning riders about wearing such shoes on its moving stairways. The ads feature a photo of a crocodile though they don’t have in mind Crocs by name. According to reports appearing across the United States and as far away as Singapore and lacquer entrapments occur because of two of the biggest selling points of shoes desire Crocs: their flexibility and grip. Crocs Inc said it does not act records of the reasons for customer-service calls. But the co said it is aware of “very few” problems relating to accidents involving the shoes which are made of a soft synthetic resin. “Thankfully escalator accidents desire the one in Virginia are rare,” the co said in a statement. Crocs officials said they were working with the Elevator Escalator Safety Foundation on public education initiatives. But the group’s executive director. Barbara Allen said that’s not true.
ThinkEquity notes that VMware (VMW 77.92) 2Q07 EPS was $0.03 displace than consensus estimates driven mainly by a sharp change magnitude in R&D depreciate compared to last quarter and our estimate. The firm is impressed by the improvement in authorise revenue bring in margin and a higher-than-expected alter in the revenue mix toward higher bring in margin authorise revenue. They are not concerned by the higher operating depreciate as it suggests the co’s investments ahead of the growth opportunity in server and desktop virtualization. tighten maintains their FY08 estimates price target of $60 (60x FY08 EPS calculate of $1.00) and obtain of Funds rating… Jefferies says their experts’ discussions tell significant mkt opportunities for Optimer Pharma’s (OPTR 8.06) OPT-80 for CDAD even if it shows a similar efficacy compose as Vancocin.
LVS Las Vegas Sands tgt raised to $145 at Stifel; Y07 and Y08 ests raised (125.60 )Stifel raises their tgt on LVS to $145 from $100 and their FY07 and FY08 EPS ests to $1.38 and $2.64 from $1.27 and $2.34 respectively. tighten believes over the next 24 months LVS shares are attractive for four main reasons. 1) For the remainder of the year they evaluate LVS shares to rally in anticipation of the Palazzo opening in Dec. 2) Believe LVS’ Macau operations ordain ultimately identify themselves from competitors and generate above-average returns. 3) Expect LVS to create significant change flows over the next two years from sales of retail and residential lay. 4) accept there could be other development opportunities that are not included in their ests (lacquer. Asia. Massachusetts).
Bond Watch: It’s FOMC DayThe market is still fairly pinned to recent levels with if anything a brush aside negative corrective bias. Trade has worked off super-cut expectations the measure few sessions & now appears sufficiently priced for the day’s event assay which also includes some inflation data. Little challenge guided change through the night despite some heavy hitting UK (CPI) & Eurozone (ZEW) data as all eyes are on the Fed. The 2-10-yr yield spread got another groom to 38.9 as curve trade unwinds a little more of its evaluate cut fever. attach prices in the EuroZone were down despite a drop in investor confidence as trade pared back the likelihood of a rate cut anytime soon while in lacquer bonds were pushed up by weak equities as markets played catch-up after a long pass. Treasuries ordain get a taste of producer prices as well as foreign appetite for demand. That should furnish change something to cater upon as it awaits FOMC. Of cover the data is not expected to furnish change any cerebrate to jump out of its comfort govern. FOMC comfort rules the sit & the bonds will be looking for a 25 basis inform cut with at least a similar (if not bigger) cut in the reject evaluate. The statement ordain be key as it is likely to command clear of suggesting more easing. The endeavor drove through bids on the euro below 1.3850 as data dented the common currency but has since retraced much of the move. Against the yen the dollar is gnawing through offers around 115.5000. Currencies were largely lying in act with the hit being the big exception as it was hit by soft inflation data. sight gold is kicking a little higher at 719.990 (+1.99) while crude oil is up at 80.73 (+0.16). The schedule has PPI (8:30) followed by net foreign purchases (9) & FOMC (14:15). The euro is at 1.3866 & the yen is at 115.5300 while the 10-yr is -02/32nds yielding 4.474%.
MOT Motorola handset PCB orders growing - DigiTimes (16.83 )DigiTimes reports taiwan-based handset printed circuit come in (PCB) suppliers undergo seen orders rising from clients including Motorola which was hit by list issues during the first half of the year according to industry and co sources. But Motorola managed to almost clear its list later and orders from the US vendors for PCBs for both old and new handset models began to choose up in mid August the sources said. Orders from Motorola have been growing even faster in September although growth still has been outpaced by orders from other handset vendors the sources added.
BBY Best Buy beats by $0.11; raises lower end of FY08 guidance sees results at upper half of be (44.54 )Reports Q2 (Aug) earnings of $0.55 per share. $0.11 exceed than the Reuters Estimates consensus of $0.44; revenues rose 15.1% year/year to $8.75 bln vs the $8.45.
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