Friday Morning, April 27th
Site
News
:
New IceMD Recording: Sleep Apnea;
Hidden Treasure
News
:
(The Ice Man first mentioned this stock at $1.48)
Ice Man,
Just found this information about PUDC and thought you might be interested to learn more about the company. Great call on PUDC !
This was found on one of the message boards and seems very interesting:
There are some great undervalued chinese stocks.
I was just analyzing the excellent results released from Puda Coal today (PUDC). The new data show that PUDC has really built a nice financial trend.
Revenue for Q4 2006 was $43.4 million (vs. $18.0 million from Q4 2005) a 140% increase.
Operating profit for Q4 2006 was $7.13 million (vs. $2.78 million from Q4 2005) a 156% increase.
Comprehensive net income for Q4 2006 was $6.43 million (vs. $2.48 million from Q4 2005) a 160% increase. They are earning income at a rate of $25 million per year!
Puda Coal is scaling well and on track for all targets. They now have cash of $25 million, and shareholder equity has risen to +$23.0 million (vs. +$8.6 million in Q4 2005). This is wonderful. Cash flow from operations was $5.2 million for the quarter alone (income will be over +$20 million annually).
http://www.sec.gov/Archives/edgar/data/1
...
Puda coal is the largest coal cleaning company in China. China is the largest user of coal in the world. 75% of China's energy comes from coal. And the Chinese government is going to spend $40 Billion on clean coal development in the next 4 years.
Puda has 3 huge coal cleaning facilities. Each facility is greater than 0.5 Million Metric Tons of coal per year. China is forcing smaller dirtier coal facilities to shut down (Puda's competitors). Puda produced 2.7 Million Tons of coal last year and expects to produce 4.0 Million MTons in 2007. Building (steel) for the 2008 Beijing Olympics is speeding up and China's auto production is just starting to kick in. This stock will kick a$$. They are likely to list on the NasdaqNMS. Gross profit margin is now over 20% (up from 9% in the prior year). Puda just had posted record revenue for 2006 and will have record profits in 2007. The 2007 revenue is going to surpass 2006 by a large margin.
J.E.
Dow Jones
News
:
Microsoft reported a 65% jump in fiscal third-quarter earnings and projected better-than-expected results for fiscal 2008, pointing to solid gains for the Windows Vista operating system. - WSJ
MSFT Microsoft CIBC Wrld Mkts Upgraded from Sector Underperform to Sector Perform;
MSFT Microsoft Prudential Price Target Raised Overweight $33 to $34;
MSFT Microsoft Friedman Billings Price Target Raised Outperform $35 to $38;
Breakouts the Ice Man may consider trading:
TER - 17.50, 18 * Best Bet
ENTG - 12
DLR - 40.70
GFIG - 71.40
MET - 66.25
TK - 60
AGYS - 23.75
Regular Trades the Ice Man may consider:
BITS - 9.02 = 10.25
IN - 23.25
NFI - 7.10
DIOD - 38
MFLX - 16.50 B = 17.50 Gap
Depressed stocks the Ice Man may buy or short to the gap:
PEET - 25.50 Gap
UCTT - 14.40 Gap * Best Bet
TLT - 87.60 Gap, 87.15 Gap
SY - 22 - 23
CME - 511 Gap
Extended Shorts the Ice Man may consider:
AMZN - 64 / 66
BIDU - 144
FFIV - 83
ESI - 100
VDSI - 25
XNPT - 49
Dollar Man Ideas:
SWRI - 1.59 Bid = 1.80
NRLS - Listen to the morning update for more!
BITS - 9.02 = 10.25
HRAY - 5.35
Cramer's Comments:
Bullish: MHS, CVS, AGN, EMR, CAT, CELG, GENZ, CL, KO, GS, ROST, TJX, RVBD, IBM;
Bearish: PRAA, ECOL;
Gorilla Trades:
New Potential Buys:
Cognos (COGN): ABOVE $42.83, with a $46.50 first target, a $53 second target, and a $38.75 stop loss. Confirmation Volume Area = 1.3M Risk Rating = 4
Special Situation Picks:
Hurco Cos. (HURC)
Nu Horizon Electr. (NUHC)
Smart Modular Tech. (SMOD)
Swing Man Market Recap:
by Steve Nelson
Stocks opened higher yesterday morning following another blockbuster earnings report from Apple Computer Wed night. A small pullback followed until about 10:30, then the market generally edged higher for the rest of the day. All the indices made new bull market highs, and the SOX continued to move higher. While cyclical stocks seem to be taking a breather, the technology stocks have been leading the market. In sum, the market refuses to sell off at this time despite being overbought. Without any complacency, the market can remain overbought longer than people think is possible. Sure, we can sell off at any time but again, I don’t think the market sells off hard until it reaches near 1530. No guarantees, but I believe a test of those levels is probable.
Make no mistake that the stock market is in a powerful uptrend but you also have to understand that the market will also teach a painful lesson to those who become complacent. Remember the sharp pullback that began in February? That is why you should always be prepared by having an exit strategy in place BEFORE you place a trade. These pullbacks tend to come upon us very quickly and without much warning. Keep in mind that being overbought is not a sell signal; it’s just something to be aware of when entering trades.
Like a magnet, the market seems to want to test the old closing high on the SPX of 1527 even with some selling along the way. As long as the indicators are pointing up, there is a strong possibility of getting back to the SPX levels reached in 2000. As yet, there are NO sell signals being flashed anywhere. Thus, one should stay with the prevailing trend which is clearly up. Let’s take it one day at a time as always.
Good Trading.
__________________
CNBC Fast Money Review:
1. The Top 3
Bull Goggles
Macke: 3 signs of bull goggle behavior: 1) Buying on hope, 2) Ambiguous information, 3) Buying euphoria.
Adami: F benefiting from hopeful buying - hope dollar will keep sliding.
AMZN half of float traded on 52-week high - classic buying euphoria.
Bolling: If dollar bottoms serious problems next quarter.
Strazzini: Semis can't predict inventory levels - MU, AMD.
Microsoft's Clearer Vista
Goldman: Good earnings report.
Macke: Bullish on MSFT. MSFT is underowned.
Strazzini: Up 5% after hours impressive. MSFT has good fundamentals, balance
sheet. Good buy.
What's Wrong?
Liesman: GDP above 1% is ok. 2.73% create inflation fears.
2. Word on the Street
Radio Shack Attack
Macke: RSH going higher.
Boats and Bikes Cruising
Adami: Stay away from BC, HOG.
Lighting in a bottle
Bolling: OI, SLGN kicking. DF has great chart.
Lab Result
Strazzini: Expect pullback in biotech. Likes BIIB. IMCL, OSIP could be takeover target.
Wii Did It
Macke: Stay with NTDOY.
3. Face 2 Face
Alex from NJ - SPWR?
Bolling: Buy WFR - make chips in solar panels.
Audra from NY - US Banks?
Strazzini: Buy IXG.
TJ from NY - DEO?
Macke: Likes DEO. Also likes SWY, SVU.
Merril Hoge - Real estate or real estate stocks?
Adami: Likes GGP.
4. Final Trade
Bolling's Son: GME is a buy - great customer service.
Adami's Daughter: MAT is a buy - make American Girl doll.
IPO Central:
Pharmasset Inc. (VRUS) priced 5 million shares at $9 a share in a bid to raise $45 million in its initial public offering debuting Friday. The Princeton, N.J. company cut the size of the deal from 6 million shares and discounted the price from its first estimated range of $12-$14 a share. The company priced the IPO at the bottom of its lowered $9-$11 range. - MarketWatch
RSC Holdings Inc. on Friday said it plans to raise up to $575 million in its upcoming initial public offering, nearly double its earlier maximum proceeds of $300 million. The Scottsdale, Az. equipment rental provider plans to trade on the New York Stock Exchange under the symbol RRR. Ripplewood and Oak Hill are shareholders in the company. Deutsche Bank Securities, Morgan Stanley, and Lehman Brothers are underwriters on the deal.
IPOs on schedule for week of 4/30:
Acorn International (ATV). The Company is a Chinese marketing company focused on infomercials and direct sales. The company is selling 7.7M shares at the initial range between $12.50-$14.50. The company announced Revenues for the last 12 months of $196M and Net Income of $4M. The Lead Managers are Merrill and Deutsche Bank. Acorn International (ATV) is headquartered in Shanghai, China and their website is www.chinadrtv.com.
AMC Entertainment (AC). The Company Owns and operates 411 movie theaters under the AMC and Loews Entertainment brands. The company is selling 39.5M shares at the initial range between $18-$20. The company announced Revenues for the last 12 months of $2,429M and Net Income of $(-181)M. The Lead Managers are Goldman, Citigroup, and Deutsche Bank. AMC Entertainment (AC) is headquartered in Kansas City, MO and their website is www.amctheatres.com.
Economic Data:
8:30 GDP
8:30 Chain Deflator
8:30 Employment Costs
10:00 Mich. Sentiment Rev.
Stock Split Announcement:
Nexen, Inc. (Ticker: NXY) announced that its board of directors approved a 2 for 1 stock split.
Upgrades and Downgrades by Sector:
Advertising
MNST Monster Worldwide Prudential Cut Price Target Overweight $62 to $50
Aerospace
GR Goodrich Banc of America Sec Price Target Raised Buy $56 to $64
GR Goodrich Friedman Billings Price Target Raised Outperform $55 to $65
Airlines - Passenger
ALK Alaska Air JP Morgan Downgraded from Overweight to Underweight
AMR AMR Corp JP Morgan Downgraded from Overweight to Neutral
CAL Continental Air JP Morgan Downgraded from Neutral to Underweight
JBLU Jetblue Airways JP Morgan Downgraded from Neutral to Underweight
UAUA UAL Corp. JP Morgan Downgraded from Overweight to Underweight
Apparel
HBI Hanesbrands Credit Suisse Price Target Raised Outperform $27 to $32
Audio-Video Equipmnt
HAR Harman RBC Capital Mkts Price Target Raised Sector Perform $100 to $125
Beverages
PEP PepsiCo Matrix Research Downgraded from Buy to Hold
Biotech
DSCO Discovery Labs Jefferies & Co Upgraded from Hold to Buy $3 to $5
IMCL Imclone HSBC Securities Price Target Raised Overweight $41 to $54
IMCL Imclone Friedman Billings Price Target Raised Outperform $50 to $53
IMCL Imclone Rodman & Renshaw Price Target Raised Mkt Outperform $48 to $53
THRX Theravance Credit Suisse Initiated at Outperform $39
IDIX Idenix Pharma Friedman Billings Cut Price Target Mkt Perform $10 to $7
Broadcasting
SIRI Sirius Satellite UBS Upgraded from Neutral to Buy
XMSR XM Satellite UBS Upgraded from Neutral to Buy
CCU Clear Channel RBC Capital Mkts Price Target Raised Outperform $37 to $40
Business Services
ICTG ICT Group Friedman Billings Downgraded from Mkt Perform to Underperform $24 to $15
Chemicals
CEM Chemtura CIBC Wrld Mkts Initiated at Sector Underperform $11
Computer Hardware
NTGR NETGEAR Goldman Sachs Upgraded from Sell to Neutral
ELX Emulex RBC Capital Mkts Price Target Raised Outperform $20 to $22
NCR NCR Corp Wedbush Morgan Price Target Raised Buy $57 to $58
NTGR NETGEAR RBC Capital Mkts Price Target Raised Sector Perform $30 to $33
ROK Rockwell Automation Friedman Billings Price Target Raised Outperform $74 to $75
SNDK SanDisk Goldman Sachs Price Target Raised Buy $46 to $53
AVID Avid Tech Piper Jaffray Downgraded from Outperform to Market Perform
OVRL Overland Storage RBC Capital Mkts Cut Price Target Sector Perform $4 to $3.50
RACK Rackable Systems Prudential Cut Price Target Neutral $15 to $12
RACK Rackable Systems RBC Capital Mkts Cut Price Target Outperform $18 to $16
ROK Rockwell Automation Prudential Cut Price Target Neutral $65 to $62
RSYS RadiSys Cantor Fitzgerald Cut Price Target Hold $16 to $15.50
WDC Western Digital Credit Suisse Cut Price Target Outperform $27 to $24
Computer Services
CBR Ciber AG Edwards Upgraded from Hold to Buy $9.50
CSC Computer Sciences UBS Upgraded from Neutral to Buy
INSP InfoSpace RBC Capital Mkts Price Target Raised Sector Perform $22 to $31
CVNS Covansys Stifel Nicolaus Downgraded from Buy to Hold
Computer Software
LAVA Magma Design Cowen & Co Upgraded from Neutral to Outperform
DRIV STFG Says Buy
APLX Applix Roth Capital Price Target Raised Hold $12 to $13
LAVA Magma Design First Albany Price Target Raised Buy $15 to $16
MCRS Micros Systems CIBC Wrld Mkts Price Target Raised Sector Outperform $59 to $61
MFE McAfee Credit Suisse Price Target Raised Outperform $38 to $41
MFE McAfee Stifel Nicolaus Price Target Raised Buy $36 to $38
MFE McAfee Friedman Billings Price Target Raised Outperform $34 to $37
ULTI Ultimate Software RBC Capital Mkts Price Target Raised Sector Perform $20 to $25
ULTI Ultimate Software Roth Capital Price Target Raised Hold $24 to $28
VDSI Jeffries Price Target Raised $27
VDSI VASCO Data Security RBC Capital Mkts Price Target Raised Sector Perform $18 to $21
VDSI VASCO Data Security Rodman & Renshaw Downgraded from Mkt Outperform to Mkt Perform
TYL Tyler Tech Friedman Billings Cut Price Target Mkt Perform $14 to $13
Construction
BECN Beacon Roofing Supply Robert W. Baird Downgraded from Outperform to Neutral $23 to $18
Educational Services
DV DeVRY Robert W. Baird Upgraded from Neutral to Outperform $30 to $36
Environmental Prod
SRCL Stericycle CIBC Wrld Mkts Price Target Raised Sector Outperform $83 to $90
SRCL Stericycle Citigroup Downgraded from Buy to Hold
Finance Companies
JNS Janus Capital UBS Downgraded from Neutral to Reduce
Gaming Operations
BYD Boyd Gaming Davenport Cut Price Target Buy $58 to $56
Gold and Silver Mining
NEM Newmont Mining RBC Capital Mkts Cut Price Target Underperform $48 to $43
NEM Newmont Mining CIBC Wrld Mkts Cut Price Target Sector Underperform $46 to $43
Healthcare
PPCO Penwest Pharma Robert W. Baird Upgraded from Neutral to Outperform $18
ISTA ISTA Pharm RBC Capital Mkts Price Target Raised Sector Perform $9 to $10
NTY NBTY Inc RBC Capital Mkts Price Target Raised Sector Perform $45 to $49
Healthcare Equipment
ALGN Align Tech Roth Capital Price Target Raised Buy $20 to $28
KYPH Kyphon Lazard Capital Price Target Raised Buy $55 to $58
Healthcare Facilities
SMBI Symbion Goldman Sachs Upgraded from Sell to Neutral
LPNT Lifepoint Hospitals Lehman Brothers Downgraded from Overweight to Equal-weight
Household Goods
NWL Newell Rubbermaid Oppenheimer Price Target Raised Buy $35 to $36
Industrial Equipment
ABB ABB Ltd Lehman Brothers Upgraded from Equal-weight to Overweight
Insurance
MBI MBIA Inc Goldman Sachs Upgraded from Neutral to Buy
AET Aetna Prudential Price Target Raised Neutral $42 to $48
HIG Hartford Financial Calyon Securities Price Target Raised Neutral $95 to $105
MBI MBIA Inc Friedman Billings Price Target Raised Outperform $78 to $80
Internet Services
BIDU Baidu.com RBC Capital Mkts Upgraded from Sector Perform to Outperform
Major Pharmaceutical
BMY Bristol-Myers Prudential Price Target Raised Overweight $29 to $34
BMY Bristol-Myers HSBC Securities Downgraded from Neutral to Underweight $26.60
Manufacturing
KDN Kaydon Friedman Billings Price Target Raised Outperform $48 to $53
ROP Roper Inds Prudential Price Target Raised Overweight $59 to $60
Mining - Minerals
LCC US Airways JP Morgan Downgraded from Overweight to Neutral
Mining Non-Ferr Metal
RTP Merrill Lynch Upgraded to Buy
FCX Freeport-McMoRan HSBC Securities Downgraded from Neutral to Underweight $60 to $67
Motor Vehicles
TEN Tenneco Banc of America Sec Price Target Raised Buy $34 to $38
BWA Borg Warner Robert W. Baird Downgraded from Outperform to Neutral $79 to $80
Oil and Gas
EPD Enterprise Prdcts RBC Capital Mkts Price Target Raised Outperform $34 to $35
HAL Halliburton RBC Capital Mkts Price Target Raised Outperform $36 to $48
HAL Halliburton Friedman Billings Price Target Raised Outperform $44 to $40
RRC Range Resources RBC Capital Mkts Price Target Raised Sector Perform $33 to $35
RRC Range Resources Calyon Securities Price Target Raised Add $35 to $41
SII Smith Intl RBC Capital Mkts Price Target Raised Sector Perform $45 to $65
SII Smith Intl Friedman Billings Price Target Raised Outperform $60 to $63
TDW Tidewater RBC Capital Mkts Price Target Raised Sector Perform $59 to $71
VLO Valero Energy Prudential Price Target Raised Overweight $71 to $80
VLO Valero Energy Friedman Billings Price Target Raised Outperform $82 to $84
WLL Whiting Petroleum RBC Capital Mkts Price Target Raised Underperform $44 to $46
BRNC Bronco Drilling BMO Capital Markets Initiated at Outperform
GW Grey Wolf BMO Capital Markets Initiated at Outperform
PDC Pioneer Drilling BMO Capital Markets Initiated at Outperform
VQ Venoco BMO Capital Markets Initiated at Outperform $26
APL Atlas Pipeline Citigroup Downgraded from Buy to Hold
Paper and Packaging
RKT Rock-Tenn Credit Suisse Downgraded from Neutral to Underperform $30 to $34
Pharmaceutical
SCRX Sciele Pharma RBC Capital Mkts Price Target Raised Sector Perform $26 to $28
SCRX Sciele Pharma Roth Capital Price Target Raised Buy $29 to $30
SCRX Sciele Pharma Friedman Billings Price Target Raised Mkt Perform $25 to $29
Publishing
IQW Quebecor World CIBC Wrld Mkts Upgraded from Sector Perform to Sector Outperform $15 to $16
Recreation
BC Brunswick RBC Capital Mkts Price Target Raised Sector Perform $33 to $36
Regional Banks
ALAB Alabama Natl Banc Janney Mntgmy Scott Downgraded from Buy to Neutral
CATY Cathay Bancorp Oppenheimer Downgraded from Buy to Neutral
BBX BankAtlantic Friedman Billings Cut Price Target Outperform $12.50 to $12
COLB Columbia Banking RBC Capital Mkts Cut Price Target Sector Perform $36 to $35
REITs
FPO First Potomac Realty KeyBanc Capital Mkts / McDonald Upgraded from Hold to Buy $30
OHI Omega Health Stifel Nicolaus Upgraded from Hold to Buy $19
RPT Ramco-Gershenson RBC Capital Mkts Price Target Raised Sector Perform $36 to $37
FPO First Potomac Realty AG Edwards Downgraded from Buy to Hold
Restaurants
SDX Sodexho Alliance Credit Suisse Upgraded from Underperform to Neutral
BWLD Buffalo Wild Wings CIBC Wrld Mkts Price Target Raised Sector Outperform $62 to $72
Retail Trade
AMZN Amazon.com Stifel Nicolaus Downgraded from Buy to Hold
CDWC CDW Corp Matrix Research Downgraded from Buy to Hold
OMX OfficeMax Bear Stearns Downgraded from Peer Perform to Underperform
CHIC Charlotte Russe Friedman Billings Cut Price Target Outperform $36 to $34
Savings & Loan
FMD First Marblehead JP Morgan Upgraded from Neutral to Overweight
FMD First Marblehead Friedman Billings Cut Price Target Underperform $43 to $33
NDE IndyMac Banc RBC Capital Mkts Cut Price Target Outperform $37 to $35
Semiconductors
KLAC KLA-Tencor First Albany Upgraded from Underperform to Neutral
AATI Piper Jaffrey Price Target Raised $11
FLEX Flextronics RBC Capital Mkts Price Target Raised Sector Perform $11 to $12
MCHP Microchip Prudential Price Target Raised Overweight $38 to $42
MCHP Microchip Stifel Nicolaus Price Target Raised Buy $44 to $46
MCHP Microchip Friedman Billings Price Target Raised Mkt Perform $36 to $40
NETL STFG Price Target Raised $45
ONNN ON Semiconductor Friedman Billings Price Target Raised Outperform $13 to $14
OPLK Oplink Comms Roth Capital Price Target Raised Buy $23.10 to $25
SIMO HAMR Price Target Raised $34
TRID Trident Microsystems Prudential Price Target Raised Overweight $26 to $27
TRID Trident Microsystems CIBC Wrld Mkts Price Target Raised Sector Outperform $25 to $28
TSM Taiwan Semi Friedman Billings Price Target Raised Mkt Perform $10 to $10.50
TUNE Microtune Roth Capital Price Target Raised Hold $4.50 to $5
VSEA Varian Semi Stifel Nicolaus Price Target Raised Buy $65 to $75
WFR MEMC Elec Friedman Billings Price Target Raised Mkt Perform $54 to $56
BRCM Broadcom UBS Downgraded from Buy to Neutral
KLAC KLA-Tencor HSBC Securities Downgraded from Overweight to Neutral $58
WFR MEMC Elec Credit Suisse Downgraded from Outperform to Neutral $64
BRCM Broadcom Prudential Cut Price Target Overweight $38 to $37
Solar Technology
SPWR Sunpower RBC Capital Mkts Price Target Raised Sector Perform $39 to $51
SPWR Sunpower Banc of America Sec Price Target Raised Buy $57 to $65
Telecommunications
ALSK Alaska Comms Stifel Nicolaus Upgraded from Sell to Hold
CMCSA Comcast AG Edwards Upgraded from Hold to Buy $33
CTV Commscope Robert W. Baird Upgraded from Neutral to Outperform $42 to $60
INTL Inter-Tel JP Morgan Upgraded from Underweight to Neutral
CTV Commscope Stifel Nicolaus Price Target Raised Buy $47 to $54
CTV Commscope Friedman Billings Price Target Raised Outperform $48 to $60
FDRY Foundry Ntwks Kaufman Bros Price Target Raised Buy $16.50 to $17.25
FDRY Foundry Ntwks Robert W. Baird Price Target Raised Outperform $17 to $18
PLCM Polycom Kaufman Bros Price Target Raised Hold $30 to $34
SWIR Sierra Wireless Jefferies & Co Price Target Raised Buy $19 to $24
SWIR Sierra Wireless RBC Capital Mkts Price Target Raised Sector Perform $17 to $20
TLGD Tollgrade Ferris Baker Watts Price Target Raised Buy $14 to $15.50
NT Nortel Goldman Sachs Downgraded from Neutral to Sell
Transportation
DRYS DryShips Cantor Fitzgerald Price Target Raised Buy $32 to $39
GMT GATX Jefferies & Co Downgraded from Buy to Hold $50
YRCW YRC Worldwide Prudential Cut Price Target Underweight $39 to $36
___________________
NUCON-RF, INC. EXECUTES AGREEMENT WITH THE INTERNATIONAL
CENTER OF ENVIRONMENTAL SECURITY OF THE RUSSIAN FEDERATION
Nucon Also Participates in the Strategic Master Plan Workshop at the EBRD
MOSCOW, April 26, 2007 -- NUCON-RF, Inc. (NNRF) today announced it has entered into a definitive agreement with the International Center of Environmental Security (ICES) of the Ministry of Nuclear Energy of Russia.
NUCON-RF previously entered into a letter of intent with the ICES on January 11, 2007. Following careful review and consideration of the polymeric and composite radiation resistant shielding materials of NUCON-RF, ICES has agreed to apply the technologies of NUCON-RF in international projects relating to the decommissioning of nuclear objects and ecological rehabilitation on radioactive objects and territories in the Russian Federation.
Given the significance and importance of the current nuclear and radiation security at FSUE "SevRAO" (Andreyeva Bay, Building No. 5, and Gremikha), and also the site for storage of reactor blocks in nuclear-power submarines on Saida Bay, the following was agreed:
1. To recommend the use of radiation-resistant, nonflammable, and tolerant to nuclear radiation, mechanical and chemical effects, the polymeric composite material NuCapT for dust suppression in nuclide-contaminated rooms of the Building No.5 on Andreyeva Bay (Murmansk Region) and also utilization of NucapT by means of repairs to reduce radiation effects on the people working in Building No. 5.
2. To coordinate possible applications of NuCapT on the objects of the FSUE "SevRAO" (Northwest Russia) and "DalRAO" (Far East Russia) for encapsulation and protection of drums for low- and medium-active waste storage against corrosion, disposal and leaking due to current unsatisfactory technology of condition and external factors, and also other surface areas where protection against radioactive wastes is needed.
3. To study and recommend the application of NuCapT for stabilization and encapsulation of reservoirs with toxic wastes. In this case, the toxic wastes will be put in the NuCapT matrix into long term storage.
4. To define possible regions (Saida Bay, Andreyeva Bay, Gremikha, etc.) of application and give recommendations for usage of the shielding composite materials FEECOM/BIECOM which are intended for the substitution of Lead as a radioactive preservation; lead being because very toxic and the sphere of its application becoming phased out.
NUCON-RF also announced that it participated as an advisor to ICES and ROSATOM at the Northern Dimension workshop held in London at the headquarters of the European Bank for Reconstruction and Development (EBRD) on April 12, 2007. This conference was organized by the Contact Energy Group of the European Union.
The purpose of this conference was to review the current status of the Strategic Master Plan for the International Global Partnership administered by the European Bank of Reconstruction and Development and funded by donor countries of the G-8. At the conference, Victor Achunov, department head, department for decommissioning of nuclear and radiation hazardous facilities for the Ministry of Nuclear Energy of the Russian Federation (ROSATOM) presented an overview on the progress on the dismantlement of nuclear powered submarines (NPS). The report emphasized the goal of dismantlement of NPS by the end of 2010 and that there are presently 198 decommissioned NPS, 148 dismantled NPS , with an additional 23 NPS in process of dismantling and 24 NPS waiting for dismantlement.
Albert Vasiliev, department head of ICES, presented a report on the results of the Strategic Study on Development and Justification of Criteria for Remediation of Radiation-Contaminated Sites. The report included the analysis of the status of protective barriers and current levels of radioactive contamination, reviewed possible options for future use of contaminated sites and justified basic and derived criteria for remediation.
Dr. Hans-Jürgen Engelmann, Director of Shielding Materials for NUCON-RF, conducted preliminary negotiations with many of the multinational nuclear power firms in attendance regarding the introduction of shielding technologies of NUCON-RF into the global markets and beyond the markets identified in the Russian Federation.
ABOUT NUCON-RF:
NUCON-RF, a U.S. corporation with executive and operations offices in Washington, Berlin and Moscow, and provides products, technologies and engineering/design services for a range of environmental challenges. The Company owns manufacturing facilities and provides both equipment and services for nuclear waste solutions, as well as compliance, shielding, transport and storage requirements for nuclear power plants. NUCON-RF also owns and licenses proprietary leading edge technologies which augment the Company's market edge in manufacturing, design, engineering and services capabilities. The Company has a highly experienced, proven and high profile management team whose capabilities include extensive in-house expertise in all aspects of radiological protection and radiological waste management. NUCON-RF is currently involved in providing nuclear power plant equipment in Russia and China and intends to expand to India, European Union and North American markets in 2007-08. Current projects for 2007-2010 include multiple international nuclear waste remediation projects in northwestern Russia that are multilaterally funded by G-8 member countries for the decommissioning and disposal of nuclear powered naval vessels of the former Soviet Union. The Company is currently engaged in the due diligence phase of potential further acquisitions in 2007-2008 which are intended to substantially increase its asset and revenue base.
SAFE HARBOR STATEMENT statements in this press release that are not historical facts are forward-looking statements, including statements regarding announcements of financial results, business potentiality and other prospective presentations by NUCON-RF, Inc. Such statements reflect management's current views, are based on certain assumptions and involve risks and uncertainties. Actual results, events, or performance may differ materially from the above forward-looking statements due to a number of important factors, and will be dependent upon a variety of factors, including, but not limited to, our ability to obtain additional financing that will allow us to continue our current and future operations and whether demand for our products in domestic and international markets will continue to expand. NUCON-RF undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that occur after the date hereof or to reflect any change in NUCON-RF's expectations with regard to these forward-looking statements or the occurrence of unanticipated events.
________________
Federal Reserve:
I saw this headline yesterday morning and got so busy I didn't have time to check it out. Indeed, after flooding the system with money for months on end-ostensibly to offset the decline in home values-the Fed did a reverse repo yesterday. Many believe that M-3, which is conveniently no longer published, has been growing by more than 10% due to the behavior of those at the money controls.
Where else would all this "cheap" money be coming from which has supported an otherwise inexplicable equity frenzy if not from the printing press in Washington? All you have to do is look at the dollar to understand that the good will is being used up at a record pace. Here is just another footprint which suggests a change is perhaps underway. Maybe yesterday's blip in the dollar is but one other suggestion that some things are about to change.
By Richard Leong
NEW YORK, April 26 (Reuters) - The Federal Reserve did something on Thursday that it hasn't done in the U.S. bond market in three years, performing an overnight reverse repurchase operation that drained $5.25 billion temporarily from the U.S. banking system.
A reverse "repo" is an agreement in which bond dealers purchase securities from the Fed and sell them back at a later date. The purpose is to drain liquidity from the banking system.
A Fed spokeswoman said the Fed last performed a reverse repo, or previously known as a matched sale, in 2004, but she declined to elaborate on the reason behind this now rarely invoked open market move and when it may conduct another reverse repo operation.
Analysts said this throw-back move was simply a way to adjust liquidity in the banking system, not an indication of a Fed policy change. The Fed's repurchase agreements were widely watched more than a decade a ago as a sign whether the central bank was easing or tightening credit.
During much of the 1980s under chairmanship of Paul Volcker and early part of the Alan Greenspan's tenure, the Fed had specific bank reserve targets to achieve its rate policy. It frequently used repos and reverse repos to send signals about the direction of policy.
In 1994, Greenspan abandoned the use of market operations to signal changes on monetary policy. Instead, he decided to issue statements about rate changes after each policy meeting.
More often than not, the Fed now conducts at least one repurchase operation or "repo" daily which involves selling securities to dealers and buying them back at a later date.
A Fed repo adds temporary reserves into the banking system with the goal to keep the federal funds rate, or overnight loans between banks, at the Fed's target level.
Fed funds last traded at 5.25 percent, equal to the Fed's current rate target.
Thursday's reverse repo took away some of the $34.5 billion temporary reserves the Fed injected into the banking system on Wednesday, analysts said.
Some analysts reckoned that the Fed may have overestimated the amount of banking reserves required amid wild daily swings in the Treasury Department's cash balance in the ensuing weeks after the income tax deadline.
The Treasury said its cash balance totaled $77.3 billion on Tuesday, more than double the $33.7 billion on Monday.
"Tax flows are very unpredictable," said Lou Crandall, a long-time Fed watcher and chief economist at Wrightson Associates LLC in New York.
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StockTiger response to the website that posted false NUCON-RF info:
Maybe I should just ignore this site but decided to show how dumb there are instead...
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A website with the named citronresearch.com wrote a totally uniformed piece today about NUCON-RF. Their purpose seems to be to use lies and innuendos to try and get people to think negatively about a company in which they probably have shorted the stock.
The writer used no name and gives no contact information so that is very suspicious right away. As you all know my personal phone number is on my website as I have nothing to hide but the writer of this piece hides behind a web address where they think they can say whatever they want.
Their site used to be named stocklemon but I imagine they had so many lawsuits created by their lies in the past that they needed to change the name but I do not know for sure. We do know however that they are writing anonymously and if you go to their “About Us” page it says suspiciously “This page is under construction…”
They use the name “research” in their site title but they seem to do none on their own.
So we have an anonymous writer on a suspicious and unknown owner website writing false things.
To start they write that NUCON-RF has made “a series of mysterious acquisitions”
Well what kind of deranged statement is that? The CEO of NUCON-RF Prof. Valery Lebedev, PhD is the former Deputy Nuclear Power Minister of Russia and they bought 50% of ATOLL who make parts for nuclear power plants. How much more un-mysterious can that be? For the Russian government to allow a US company (the first and only one) to purchase such a highly sensitive Russian company says to me that the Russian government thinks very highly of NUCON-RF – think about that for a minute – do you really think just anyone can do such a thing? – if so than it is also very strange that no one before was able to do this. They write that they think it strange that ATOLL with such good sales would sell for only $2+ million in cash plus 4 million shares. Of course since they did absolutely no real research whatsoever but only wrote off the top of their head, they did not learn that ATOLL on its own could not expand to sell into and other countries or the former CIS ones as they had no licenses or access to capital to do so. To partner with NUCON-RF is a perfect match for ATOLL.
NUCON-RF has an agreement to co-lead an international consortium of European and Russian companies that will provide equipment, technologies and maintenance services to Rosenergoatom and their listed Russian contractors. Rosenergoatom is the operating utility of all Russia's nuclear power plants and is a main buyer from ATOLL. So ATOLL of course can see the huge benefit to them in this situation. Is there is a possible better fit to have the 50% shareholder in your company be the former Deputy Nuclear Power Minister of Russia and for them to already have an agreement with the country’s operator of all nuclear power sites? I think there is no better partner in the world. For the unknown person to write that this is a mysterious acquisition is the most bizarre thing in my opinion. They even question the price of the acquisition. So on the one had they use innuendo to question the ATOLL company and on the other they say that that price paid is too small.
We have shown that this combining of these two companies is a perfect match and can help to expand the business for ATOLL . Besides the $2+ million in money they received 4 million is stock. Today it is true it is only worth $36 million but these are bright people and they see the huge renaissance of nuclear power plant construction going on in the world and they know also of the tremendous efforts underway and in the final planning to do remediation projects around the world and they know of the NUCON-RF expertise in this field. So yes at present the 4 million shares are only worth $36 but the owners of ATOLL understand that the share price will be much higher.
The writers from this website seem also blind to the knowledge of the formation of the huge Russian holding company ATOMPROM and what that means to the nuclear industry in Russia. I will not repeat the details here but they again so obviously did no research what so ever. Hint – ever hear of GAZPROM who has a $300 billion market cap and may become a $1 trillion market cap in 10 years? Twice the size or ExxonMobile Well ATOMPROM is modeled about the same but for the nuclear industry instead of gas – do a Google search to learn something.
This site citronresearch has never come to the company or to ATOLL at all and they make things up as they wish. If this website were a real company or even had a serious writer they would visit a NUCON-RF or at least talk to them instead of hiding behind a URL. I invite them to come to Russian and see NUCON-RF and ATOLL in person. They seem to not understand that ATOLL is a very restricted company so have no website where you can look around. They work with very secure nuclear technology but I think a visit could be arranged for them.
The writers make a very derogatory comment about Mercer Capital and again they show their total incompetence. They suggest that Mercer Capital is selling stock retail. Mercer Capital does private placement of stock and no retail and they could have learned this with one phone call that they did not make. This citronresearch is looking more and more like a scam site that tries to scare people into selling stock based on lies they write. I imagine that the Mercer Capital attorneys will have something to say about the false statements made.
So citronresearch never came to Russia to check anything but Mercer Capital has come twice. Which one is real - the one with real people and phones or citronresearch who is totally unknown and hides.
Speaking of phones the writer does not even know that NUCON-RF has its operational offices in Moscow Russia – hello – they state that the headquarters is a P.O. box.
Let’s see – the Chairman of the board of NUCON-RF is Larry McQuade, Formerly Vice Chairman of Prudential Mutual Fund Management and Executive Vice President with W.R. Grace & Co. He also served as United States Assistant Secretary of Commerce from 1963 through 1969 and at the U.S. Department of Defense, as Assistant to the Assistant Secretary for International Security Affairs, in the administration of John F. Kennedy. With all of this the site citronresearch claims the headquarters for NUCON-RF is a P.O. box. I hate to use the word lame but really – do they not even check to see who is running a company they want to write about? Let me repeat--- Formerly Vice Chairman of Prudential Mutual Fund Management - United States Assistant Secretary of Commerce and yet they question the integrity of the company and at the same time give no name or phone number for themselves? They are a joke.
Did they not – no of course they didn’t, know that the adviser to NUCON –RF is Valery Zubov, Ph.D., Member of the Russian Federal Parliament Committee on Credit Organizations and Financial Markets. In other words he oversees the stock market and banking regulations but this seeming low life site citronresearch prints the trash they said about NUCON-RF? Once again read who heads NUCON-RF and with whom they have strategic relationships and learn a little. These relationships have been formed over many years and you only in the last year began to see the results and may more will come.
The thrust of the short article seems to be the hope that people would read and want to sell stock so citronresearch could make a profit on their short position in the stock.
We do not like to make any price predictions exactly here but let’s suppose that knowing the extremely high level and qualified leadership of NUCON-RF, that what is in the press releases becomes the case. We can extrapolate from the ATOLL releases $183 million in orders for 2007. As these are mostly from the main operator of all nuclear plants in Russia we need not question them. The profits in an earlier press release pointed to about an 18% profit so if that holds true it would be about $33 million and NUCON-RF’s share is 50% or $16.5 million. There are two other acquisitions in the works and they may contribute $4 million more give or take. This is only a rough guide but in this case the profits would be $20.5 million or about $0.58 per share based on 35,000 shares outstanding. (again realize that these are my personal extrapolations for illustration purposes but you can do your own using the press releases) So far we only show that if this is the least they do the current share price seems low for average of a company in this field. PESI has a PE of about 23and ECOL a PE of 20 While CLHB (who does not do nuclear waste) has a PE of 24. So let’s say an average of 22 x $0.58 gives us $12.76. This is before any additional contracts.
So the site operators of citronresearch who may be lemons but do absolutely no research want to short the stock in a company that trades at a forward PE lower than the others in the field but one that has significantly higher potential in my opinion than the other three mentioned.
One specialty of NUCON-RF with huge potential is in International nuclear decommissioning and remediation projects. They have established themselves. NUCON-RF has an agreement with the Department of Nuclear Sites Decommissioning of the Federal Agency of Nuclear Energy of the Russian Federation to supply nuclear safety technologies, products and equipment for Russian and G-8 funded nuclear waste decontamination projects. At the moment the most urgent decontamination project is Andreyeva Bay, Building No.5, a highly contaminated former radioactive waste storage site undergoing decommissioning.
The total of projects to be funded in part by Russia, the G-8 or and/ or the European Bank of Reconstruction and Development is estimated to last until 2012 and perhaps beyond, will cost $4 billion and $2 billion of this amount will be funded under a G-8 funded decommissioning plan. Approximately $438.5 million of the $2 billion in working contracts have been concluded to date. NUCON-RF is awaiting any assignment of contracts.
So because of the shortsightedness of citronresearch they do not in any way grasp the very serious business that NUCON-RF is in and obviously as we have said they totally ignored the high level stature of the people running and connected to NUCON-RF.
This clean up above is only part of what is needed as we all know NUCON-RF has an agreement with ATOMSTROYEXPORT (another major part of what will become the giant ATOMPROM) in which NUCON-RF will become the project partner and supplier to ASE of technologies and services in the Chernobyl Shelter Implementation Plan funded by the G-7 donor countries through the European Bank for Reconstruction and Development in Ukraine. The principal aim of the plan is to convert Chernobyl's Reactor 4, destroyed by the 1986 nuclear accident, into an environmentally-safe site.
You see citronresearch sees only that a company seemed to appear out of nowhere and have a run up in the stock price. What they do not see are the years of planning that have taken place before. The company for simplicity reasons took over and existing shell company to be on the US exchange as is a common practice. We know the company plans to move to the AMEX or other major exchange and they await the comment from their February FORM 10-SB filing.
NUCON-RF also has several proprietary technologies that have positioned the Company for multiple international projects.
NUCON-RF holds an exclusive license for NuCap™ in the Russian Federation and other CIS Countries. NuCap™ is a silicon-geopolymer material that stabilizes, encapsulates and stores nuclear waste for up to 170 years. It will be used on many of the cleanup sites.
NUCON-RF also owns a proprietary, moldable, non-toxic polymer-based nuclear energy shielding material known as FEECOM/BIECOM. FEECOM/BIECOM can be utilized in lieu of lead shielding. In the European Union, the use of lead will be banned as of 2010 for use in nuclear energy projects. NUCON-RF is in negotiations to establish its own European manufacturing facility for FEECOM/BIECOM as it anticipates strong demand for this product.
This should be enough for now to point out the total foolishness of the writing about NUCON-RF at citronresearch.
We would of course expect anyone to actually do something before they write and they made no call at all and no research either. We should expect them to remove their article from their site and to also make a retraction statement as they are being totally irresponsible and slanderous.
When we find out who these people are who hide behind their URL and make things up without checking first,. We will let you know.
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