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To: RockyBalboa who wrote (5931)8/17/2009 11:05:54 AM
From: cubsfan  Respond to of 6370
 
It's happening. Per usual, I was too early with my shorting.

But DTG behaving at this point. Lots of air in it.

Nice call on CAR!



To: RockyBalboa who wrote (5931)8/17/2009 11:08:37 AM
From: cubsfan  Respond to of 6370
 
finance.yahoo.com

This should throw a little ice water on the IPO's!



To: RockyBalboa who wrote (5931)8/18/2009 7:01:52 AM
From: RockyBalboa  Read Replies (1) | Respond to of 6370
 
Huron Consulting, watch debt covenants, stock briefly traded up pre-hours.

UPDATE 1-Huron Consulting Q2 profit rises; may breach covenants
* Q2 profit beats estimates

* Says may record non-cash goodwill impairment charge

* Says charge may force non-compliance with covenants

Aug 17 (Reuters) - Huron Consulting Group Inc , whose shares plunged in the wake of an accounting scandal, posted a second-quarter profit above analysts' expectations, helped by higher revenue from its health and education consulting segment.

The company said in a regulatory filing that due to significant decline in its stock price, it may record a non-cash goodwill impairment charge for the quarter ending Sept 30, leading to non-compliance with the financial covenants in its credit agreement.

Huron said its debt under the credit agreement totaled $295 million as of June 30 and goodwill balance stood at $506.5 million.

Earlier this month, the company's entire top management quit as it said it would restate more than three years of results, slashing its profits by almost half because it misreported costs related to acquisitions.

For the second quarter, Huron earned $9.6 million, or 47 cents a share, compared with restated earnings of $1.1 million, or 6 cents a share, a year ago.

Revenue rose 16 percent to $165.8 million.

Analysts on average had expected earnings of 45 cents, excluding items, on revenue of $166.4 million, according to Reuters Estimates.

Shares of the company rose 66 cents at $14.35 in trading after the bell. The stock closed at $13.69 Monday on Nasdaq. (Reporting by Supantha Mukherjee in Bangalore; Editing by Maju Samuel)

((supantha.mukherjee@thomsonreuters.com; within U.S.+1 646 223 8780; outside U.S. +91 80 4135 5800; Reuters messaging: supantha.mukherjee.reuters.com@reuters.net;)) Keywords: HURONCONSULTING/



To: RockyBalboa who wrote (5931)8/21/2009 6:20:03 PM
From: Perspective  Read Replies (1) | Respond to of 6370
 
CAR another new 52 week high. That thing is a beast. Not short yet, but watching it, as well as GMCR. $SSEC, too.

I can't believe these guys skated through the recession without so much as a hiccup in earnings:

finance.yahoo.com

Seems a little too good to be true.

Still watching your RTK as well. I'd like to see an abatement in the 52 week highs before I start going after too many shorts.

This one is on fire, too - been quite an August for longs there.



`BC