Quick Hits: Earnings edition (CPNE.OB, CHCG.OB, AIRI.OB, LEND, Gold miners)

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Commerce Planet: CPNE.OB took a beating after announcing mediocre earnings. CEO Michael Hill said he was pleased with the quarter (I’m not), adding: “we executed on initiatives to more effectively spend our advertising dollars increasing our efficiencies and [...]

Accredited Home Lenders (LEND) buyout scrapped

On August 3, I warned that investors who thought they stumbled on an easy triple with Accredited Home Lenders: LEND were in for a rude awakening: “With a buyout price of $15.10 and a close yesterday of $5.31, the spread is huge. That is not an opportunity; its a danger sign. It shows that the [...]

Mainstreet media gets it wrong on Accredited Home Lenders (LEND)

The talking heads all seem to agree that Lone Star’s deal to buy out troubled Accredited Home Lenders: LEND will go through. I just heard it on CNBC, read it last night on RealMoney.com, and in Forbes.
With a buyout price of $15.10 and a close yesterday of $5.31, the spread is huge. That [...]