Tag - Pmry

Pomeroy IT Solutions Inc. (Nasdaq:PMRY), Seneca Foods Corp. (Nasdaq:SENEB) and Cornerstone Therapeutics Inc. (Nasdaq:CRTX) are among the new 52-week highs in Monday's trading among companies with market capitalizations under $1 billion.

Small caps are modestly rising this afternoon after large-cap benchmarks McDonald's (NYSE:MCD) and Procter & Gamble (NYSE:PG) lifted stocks from their morning descent. 

At 1:50 pm ET, the Russell 2000 (NYSE:IWM) was up 0.73%, the Dow was up 0.42% and the S&P 500 is 0.68% higher. 

Small caps on the move today include NxStage Medical Inc. (Nasdaq:NXTM), 30% higher after announcing a strategic business alliance with Asahi Kasei Kuraray Medical. Also on the rise are Pomeroy IT Solutions (Nasdaq:PMRY), up 28% after news broke the tech company would be acquired for $5.02 a share, and Internet Gold Golden Lines (Nasdaq:IGLD) is also 27% higher following a reported rise in Q1 profits. 

*****I was starting to think that Treasury Secretary Tim Geithner was secretly hoping that everyone had forgotten about his plan to remove toxic assets from bank balance sheets. But now he's out saying the Public-Private Investment Program (PPIP) should start in about six weeks. (Go ahead and mark your calendar now, in pencil, of course.) 

As you know, I'm not a big fan of Secretary Geithner. That's because, to me, he represents all that's wrong with how the government has dealt with the Wall Street banks, the likes of which nearly brought down our economy.  
He knew AIG (NYSE:AIG) was about to use TARP funds to pay bonuses and concluded there was nothing he could do. He knew AIG was about to pay Goldman Sachs (NYSE:GS) $12 billion out of TARP funds and again did nothing. He has consistently coddled the very companies that are in desperate need of tough love.  
And frankly, that's got me worried that Wall Street will go back to "business as usual" as soon as possible. Secretary Geithner has done nothing to stop it, and may even be encouraging a return to over-leverage by going to such great lengths to help these companies clean up their books.   

*****The big question surrounding the PPIP is how Secretary Geithner expects to get banks to sell their toxic assets. Banks believe these assets will regain value over time. And between government bailouts and stock sales (see Bank of America's (NYSE:BAC) $13.47 billion stock sale), banks are certainly going to operate under the assumption that they are well-enough capitalized to play the waiting game.  
It seems to me the "stress tests" were an ideal opportunity to force the banks to sell toxic assets. But Secretary Geithner chose to lob softballs, and now he has no leverage.  

Maybe he's got a plan. I sure hope so… 

*****As an investor and ruthless capitalist, I always look for profit opportunities in any situation. I might not like the outrageous stimulus spending coming from the government, but I'll darn well recommend the stocks that will benefit from government handouts. 

The PPIP is presenting a very nice profit opportunity for the companies that participate. That's because the Fed and Treasury will help finance-with your tax money, of course-any toxic asset sales. Companies that participate have an opportunity to make large profits with very little up front risk. It's a sweetheart deal, and I expect these stocks to move when investors realize what's going. I've prepared a Special Report on the subject and you can get it HERE. 

Pacific Booker Minerals Inc (Nasdaq:PBM), United Community Bancorp (Nasdaq:UCBA) and Severn Bancorp Inc (Nasdaq:SVBI) are among the new 52-week lows in Thursday's trading among companies with market capitalizations under $1 billion.

KINGSWAY FINANCIAL SERVICES INC (Nasdaq:KFS), Lee Enterprises Inc (Nasdaq:LEE) and Pomeroy IT Solutions Inc (Nasdaq:PMRY) are also among the new 52-week lows.

Here are the new 52-week lows among small caps:

Pomeroy IT Solutions, Inc. (Nasdaq:PMRY), Synaptics, Inc. (Nasdaq:SYNA) and GTSI Corp. (Nasdaq:GTSI) are among the biggest percentage gainers in Wednesday's trading among companies with market capitalizations under $750 million.

ARC Wireless Solutions (Nasdaq:ARCW), First Federal of Northern Michigan Bancorp (Nasdaq:FFNM) and City Telecom (H.K.) Ltd. (Nasdaq:CTEL) are also among the top small-cap percentage gainers.

Here are Tuesday's biggest percentage gainers among small caps:

Pomeroy IT Solutions, Inc. (Nasdaq:PMRY), Origin Agritech Ltd. (Nasdaq:SEED) and Repligen Corp. (Nasdaq:RGEN) are among the most actively traded companies in Wednesday's pre-market trading among those with market capitalizations under $750 million.

Hoku Scientific, Inc. (Nasdaq:HOKU), China Sunergy Co., Ltd. (Nasdaq:CSUN) and DRDGOLD Ltd. (Nasdaq:DROOY) are also among the most actively traded small-cap companies in pre-market trading.

Here are the most actively traded small-cap companies in Wednesday's pre-market trading:

Shares of Pomeroy IT Solutions (Nasdaq:PMRY) are advancing this morning after the information technology company said this morning it received a buyout offer from its largest stockholder and private investment fund Charlesbank Equity Fund VI for $7.05 per share.

Shares jumped 14%, or $0.81, to $6.55 ahead of the opening bell. For detailed price information and recent news stories about Pomeroy IT Solutions, click PMRY.

AspenBio Pharma, Inc. (Nasdaq: APPY), Datawatch Corp. (Nasdaq: DWCH) and WCA Waste Corp. (Nasdaq: WCAA) are among the biggest percentage gainers in Tuesday's trading among companies with market capitalizations under $750 million.

Here are today's biggest percentage gainers: