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Strategies & Market Trends : The DD Maven -- Ignore unavailable to you. Want to Upgrade?

To: creede who wrote (285)	3/26/2006 8:13:00 AM
From: rrufff	Read Replies (1) \| Respond to of 736

I don't follow it -but it seems like a good short candidate. I'm going to do a little research and may try to short it, but right now I don't know much about it. It's had strong support even after the news below. Must have a pretty steady institutional base of shareholders. EDIT - this may be the reason for its relative strength BREAKDOWN % of Shares Held by All Insider and 5% Owners: 3% % of Shares Held by Institutional & Mutual Fund Owners: 44% % of Float Held by Institutional & Mutual Fund Owners: 46% Number of Institutions Holding Shares: 191 When you compare the numbers you cited even to XOM, maybe XOM is a bargain and should be 2-3x current price. For those who think that there scams or overpriced stocks only in pinkie land, there are many in all areas of the market. Ultra, Synagro to delay 10-K filings Friday March 17, 10:38 am ET "Certain deficiencies" in internal controls was one reason cited by Ultra Petroleum Corp. on Thursday afternoon, when the Houston-based company said Ultra has filed for an extension to file its 10-K annual report. Ultra (Amex: UPL - News) on Thursday afternoon filed with the Securities and Exchange Commission a 15-day automatic extension on the 10-K for the year ended Dec. 31. In delaying the filing of the 10-K, Ultra in a Thursday news release said the extension would "allow additional time to complete the preparation of its consolidated financial statements and the work required to complete management's assessment of internal controls over financial reporting." "While the company has not yet completed its assessment of its internal control over financial reporting," Ultra added in the afternoon news release, "management has identified certain deficiencies in its internal controls." Ultra, an oil and gas exploration and production company, ended the regular stock trading session on Thursday with a total market capitalization of about $9.19 billion. The SEC filing and Ultra news release with the announcement of the automatic extension came out after the trading session closed Thursday. It's unclear how Ultra's stock will behave Friday, the first regular trading session after the announcement. Shares of Synagro Technologies Inc., on the heels of its own announcement of an extension in its 10-K filing, rose 3.3 percent to $4.73 on Thursday. On Wednesday night, Houston-based Synagro Technologies Inc. (Nasdaq: SYGR - News) announced that it will file with the SEC to extend the filing of that company's 2005 10-K by up to 15 calendar days. "In connection with the company's evaluation of its internal control over financial reporting, the company has identified some control issues that it is analyzing to determine if they rise to the level of material weaknesses that would require disclosure in its Form 10-K for the year ended December 31, 2005," Synagro said. Synagro recycles biosolids and other organic residuals. The market cap of Synagro's stock as of late Thursday was approximately $343 million. Published March 16, 2006 by the Houston Business Journal