Wednesday, February 3rd, 2010
Top 3 Under-the-Radar Story Stocks for February 3rd
NXT Nutritionals Holdings Inc. (OTC:NXTH), Health Discovery Corporation (OTC:HDVY), and Sport Chalet, Inc. (NASDAQ:SPCHB) are today’s three most interesting story stocks.
NXT Nutritionals Lands Another Customer
NXT Nutritionals Holdings Inc. (NXTH, Free Analysis) shares jumped higher after it announced that it received initial purchase orders for its Susta natural sweetener 50 packet boxes from The Kroger, a grocery retailer. The product has already been shipped to the customer’s Ohio-based warehouse and will be arriving on store shelves in the Columbus area starting this month.
“Every new store that sells Susta is critical to our nationwide campaign to educate customers that all-natural, better-tasting and healthier Susta is superior to other sweeteners,” said CEO Michael McCarthy. “Susta is better because it contains probiotics, prebiotics (fiber), vitamins C, B6 and B12 as well as essential minerals that support the immune system and aid digestion.”
Lawsuit Validates Health Discovery’s Technology
Health Discovery Corporation (HDVY, Free Analysis) announced that it received the final payment that was due under its patent infringement lawsuit against Vermillion (VRML, Free Analysis). In 2006, the company sued the firm for infringement of several patents covering the use of vector machines for the discovery of biomarkers.
Ironically, Vermillion’s researchers had used the SVMs to identify the most promising biomarkers for the diagnosis of ovarian cancer and the results were published in several medical journals. Now, Health Discovery is not only seeking to recovery additional retroactive discoveries, such as this, but licensing its technology to others in the field going forward.
Sport Chalet Reports Higher Earnings
Sport Chalet, Inc. (SPCHB, Free Analysis) announced better-than-expect results for its third quarter earnings. The company improved its year-over-year performance by $28.6 million from a loss of $32.4 million during the comparable period a year ago to a loss of $3.8 million this year. Meanwhile, the company was also able to meet its bank loan agreement requirements.
Sales at the retailer’s locations were softer than planned due to the challenging economic environment. However, aggressive management of inventories and operating expenses allowed the company to maintain its merchandising margins and exceeds its EBITDA target in their bank agreement, while providing customers with the same high-quality level of service.
Written by Simon Monger
