Thursday, February 4th, 2010
Top 3 Stocks Poised to Pop for February 4, 2010
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On4 Communications Inc. (OTC:ONCI), MKS Instruments, Inc. (NASDAQ:MKSI), and THQ Inc. (NASDAQ:THQI) are three stocks poised to pop during today’s session.
On4 Communications Retires Some Shares
On4 Communications Inc. (ONCI, Free Analysis), a globally diversified Located Based Services company, is seeing increased interest ahead of the opening bell after announcing plans to pay off some debt that it owes, as well as retire a substantial number of shares. Combined, the actions should help significantly boost shareholder value.
On February 3, 2010, the company paid $75,000 towards debt owed to Penny Green and Bacchus Entertainment Ltd., in accordance with a post merger agreement. Meanwhile, the two firms cancelled 52,223,931 common shares in the capital of On4, which represents approximately 52% of its outstanding stock.
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MKS Instruments Surges on Earnings Report
MKS Instruments, Inc. (MKSI, Free Analysis), a worldwide provider of instruments and process control solutions, moved sharply higher in premarket trading after reporting sales that surged 41% sequentially and 19% year-over-year to $149.3 million and net income of $14.9 million, or $0.30 per share, compared to a net loss in the third quarter and year-ago results.
The company noted that it expects to see continued growth in the semiconductor market in 2010 after enjoying a positive uptick in sales during the past two quarters. As a result, the company estimates sales of between $170-190 million and earnings of $0.36-0.49 per share for its fiscal first quarter, which is certainly welcome news for shareholders.
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THQ Could Breakeven in the Fourth Quarter
THQ Inc. (THQI, Free Analysis), a worldwide developer and publisher of interactive entertainment software, saw its shares jump in premarket trading after announcing a profit in the third quarter and an expectation to breakeven in the fourth quarter. Given its history of losses, this has resulted in optimism on the part of shareholders.
During the third quarter the company posted net income of $5542,000, or $0.01 per share, versus a net loss of $191.8 million, or $2.86 per share, during the comparable period a year ago. Net sales for the quarter, however, declined to $356.67 million, which just about hit estimates. Going forward, the company expects to report Q4 EPS of breakeven compared to estimates of a 3 cent loss.
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-- Written by David Breen
