Category Archives: Company News

Joes Jeans ( JOEZ ) Reports 23% Increase – Stock Up

April 13, 2012   FalconStocks.com

Joe’s Jeans Inc.  (NASDAQ: JOEZ) today announced financial results for the first quarter ended February 29, 2012. Highlights were:

  • Consolidated first quarter net sales increased 23% to $26.0 million;
  • Retail store net sales increased 40%;
  • Retail same store sales increased 22%;
  • Wholesale net sales increased 19%; and
  • Operating income increased 244% to $1.8 million for the first quarter of fiscal 2012.

JOEZ made MarketWatch’s Mover & Shakers list of top gaining stocks for Friday, trading as high as $1.56 – 25% higher than the closing price on Thursday.

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North Springs Resources Supports Its Pump & Dump With Phoney Bids

December 31, 2011   FalconStocks.com

Courtesy of Pumps & Dumps:  Having found their massive Pump & Dump on Amwest Imaging (AMWI) unexpectedly derailed earlier this month, the criminals behind AwesomePennyStocks.com and its sister promoters have taken on North Springs Resources (NSRS) as their latest scam.  And what a scam.
The company has a total asset value of $60,589 according to their last financials filed for October 31, 2011, including $16 in cash and mineral properties they value at $59,990.  That means that they feel that their mineral properties have no intrinsic mineral value whatsoever.  And yet, the stock current has a market cap of $300 million.  Seriously what is wrong with the public, the SEC and all of these criminally intended predators these days?

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100 Sears and Kmart Stores to Close

December 27, 2011   FalconStocks.com

After a disastrous holiday shopping season, the parent company of Sears and Kmart will close at least 100 stores to raise cash — a move that sparked speculation about whether the 125-year-old retailer can avoid a death spiral fed by declining sales and deteriorating stores.

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Merrill Lynch’s 10 Favorite Stocks for 2012

December 15, 2011   FalconStocks.com

Merrill LynchApple and CBS made Bank of America/Merrill’s list of top stocks for 2012 and may help investors beat the market next year by a wide margin.

Bank of America/Merrill Lynch strategist Savita Subramanian compiled the firm’s favorite stock ideas for 2012, plucking one name from each of the 10 sectors of the S&P 500. Subramanian says the stock picks align with Bank of America/Merrill Lynch’s  investment themes for 2012.

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Zynga prices shares at $10, top end of range

December 15, 2011   FalconStocks.com

Zynga, Inc. priced its shares at the top end of its expected price range at $10 per share on Thursday, a source close to the process told the International Finance Review.

The company, which is the top publisher of games on Facebook such as “FarmVille” and “CityVille”, sold 100 million shares raising $1 billion (before accounting for fees and commissions), the source told IFR on Thursday.

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Why Are Fannie & Freddie CEOs Paid So Much?

November 17, 2011   FalconStocks.com

Fannie Mae and Freddie MacAccording to Chris Isidore at CNNMoney, the top five executives at Fannie Mae received $33.3 million in 2009 and 2010, while the top five at Freddie Mac received $28.1 million. And each company has set pay targets of as much as $17 million for its top managers for 2011. That’s a total of $95.4 million, which will essentially be coming from taxpayers.

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Lithium Batteries Investigated After GM Volt Fire

November 11, 2011   FalconStocks.com

chevy volt stockU.S. auto-safety regulators are scrutinizing the safety of lithium-ion batteries that power all plug-in electric vehicles after a General Motors Co. Chevrolet Volt caught fire, people familiar with the probe said.

The regulators have asked automakers, including GM, Nissan Motor Co. and Ford Motor Co., that sell or have plans to sell vehicles with lithium-ion batteries about the batteries’ fire risk.

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COVR to Report 3rd Qtr on Nov 10

November 8, 2011   FalconStocks.com

Cover-All Technologies, Inc. (COVR) today announced that management will report its 2011 third quarter financial results after the market close on Thursday, November 10, 2011.

Management will conduct a live teleconference to discuss its 2011 third quarter financial results at 4:30 p.m. ET on Thursday, November 10, 2011. Anyone interested in participating should call 1-877-941-4774 if  calling from the United States, or 1-480-629-9760 if dialing internationally. A replay will be available until November 17, 2011, which can be accessed by dialing 1-877-870-5176 within the United States and 1-858-384-5517 if dialing internationally. Please use passcode 4487271 to access the replay.

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Groupon prices IPO at $20 per share

November 3, 2011   TheBuySignal

Groupon priced its initial public offering late Thursday at $20 per share.

That’s above its expected range of $16 to $18, indicating investors are excited to snap up the company’s shares.

The price gives based Groupon Inc. a market value of $12.7 billion. That makes Groupon’s IPO the second largest by an Internet company behind only that of Google Inc. in 2004.

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Employees Flee Bank of America

November 2, 2011   TheBuySignal

CHARLOTTE, North Carolina (Reuters) – Bank of America Corp employees are flooding rival companies with resumes as a major cost-cutting program gets under way at the second-largest U.S. bank.

In the most high-profile departure, PNC Financial Services Group Inc last week hired Bank of America strategy executive Mike Lyons.

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