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BUYINS.NET: ABH, AGO, CNS, FRP, GFG, HPY Have Been Removed From Naked Short List Today

Tue. August 05, 2008; Posted: 09:23 AM
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Aug 05, 2008 (M2 PRESSWIRE via COMTEX) -- HPY | Quote | Chart | News | PowerRating -- BUYINS.NET, www.buyins.net, announced today that these select companies have been removed from the NASDAQ, AMEX and NYSE naked short threshold list: AbitibiBowater Inc (NYSE: ABH), Assured Guaranty Ltd. (NYSE: AGO), Cohen & Steers Inc. (NYSE: CNS), FairPoint Communications Inc. (NYSE: FRP), Guaranty Financial Group Inc. (NYSE: GFG), Heartland Payment Systems Inc. (NYSE: HPY). For a complete list of companies on the naked short list please visit our web site. To find the SqueezeTrigger Price before a short squeeze starts in any stock, go to www.buyins.net.

AbitibiBowater Inc (NYSE: ABH | Quote | Chart | News | PowerRating) produces various newsprint, coated and specialty papers, market pulp, and wood products. It offers newsprint papers; coated papers, catalogs, books, retail advertising, direct mail, and coupons; specialty papers, including, supercalendered, superbright, high bright, bulky book, and directory papers for commercial printing applications; and market pulp, which is used in a range of consumer products comprising tissue, packaging, specialty paper products, diapers, and other absorbent products. The company also produces lumber; remanufactures and engineers wood for specialized applications, such as bedding components, roofing and flooring material, and other products; and sells pulpwood, sawtimber, and wood chips, as well as recycles newspapers and magazines. Its customers include publishers, commercial printers, catalogers, retailers, and direct mailers. The company was founded in 2007 and is headquartered in Montreal, Canada. With 53.16 million shares outstanding and 12.2 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of ABH.

Assured Guaranty Ltd. (NYSE: AGO | Quote | Chart | News | PowerRating) through its subsidiaries, provides credit enhancement products to the public finance, structured finance, and mortgage markets in the United States and internationally. Its credit enhancement products are financial guaranty or other types of financial support, including credit derivatives that improve the credit of underlying debt obligations. The company operates in four segments: Financial Guaranty Direct, Financial Guaranty Reinsurance, Mortgage Guaranty, and Other. Financial Guaranty Direct segment provides an unconditional and irrevocable guaranty that protects the holder of a financial obligation against non-payment of principal and interest when due. Financial Guaranty Reinsurance segment includes agreements whereby the company is a reinsurer and agrees to indemnify a primary insurance company against part or all of the loss. Mortgage Guaranty segment provides protection to mortgage lending institutions against the default of borrowers on mortgage loans that, at the time of the advance, had a loan-to-value in excess of a specified ratio. Other segment offers equity layer credit protection, trade credit reinsurance, title reinsurance, and auto residual value reinsurance. The company markets its products directly and through financial institutions. Assured Guaranty, Ltd. was founded in 2003 and is based in Hamilton, Bermuda. With 90.84 million shares outstanding and 15.98 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of AGO. According to quarterly data provided by the SEC, there were still 78,340 shares of AGO that were failing-to-deliver as of August 14, 2007.

Cohen & Steers Inc. (NYSE: CNS | Quote | Chart | News | PowerRating) together with its subsidiaries, manages high-income equity portfolios in the United States. The company specializes in the United States real estate investment trusts, international real estate securities, preferred securities, utilities and listed infrastructure securities, and large cap value stocks. It operates in two segments, Asset Management and Investment Banking. The Asset Management segment manages closed-end and open-end mutual funds, and institutional separate accounts. This segment also offers a portfolio of consulting and other services, and investment services. The Investment Banking segment provides mergers and acquisition advisory services comprising the purchase or sale of public or private companies or their business units; corporate restructuring advisory services, such as advice with respect to debt and lease restructurings, recapitalization transactions, exchange offers, and bankruptcy advisory services; and capital raising services as agent and underwriter for the sale of public and private debt, preferred, equity linked, and equity securities to companies in the real estate and real estate intensive businesses, including healthcare. The company's distribution network includes brokerage firms, registered investment advisors, and institutional investors. Cohen & Steers, Inc. was founded in 1986 and is based in New York, New York. With 41.51 million shares outstanding and 4.27 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of CNS. According to quarterly data provided by the SEC, there were still 16,636 shares of CNS that were failing-to-deliver as of September 26, 2007.

FairPoint Communications Inc. (NYSE: FRP | Quote | Chart | News | PowerRating) provides communication services to residential and business customers in rural and small urban communities in the United States. It owns and operates local exchanges that offer local and long distance voice, data, Internet, television, broadband services. As of March 31, 2008, the company operated approximately 1.9 million access line equivalents, including access lines and high-speed data lines, which comprise digital subscriber line, fiber-to-the-premises, wireless broadband, and cable modem. It also provides other services, including cable television and video-over-DSL, public coin telephone, billing and collection, directory services. In addition, the company sells and maintains customer premise equipment. FairPoint Communications is based in Charlotte, North Carolina. With 89.02 million shares outstanding and 18.31 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of FRP. According to quarterly data provided by the SEC, there were still 24,757 shares of FRP that were failing-to-deliver as of September 26, 2007.

Guaranty Financial Group Inc. (NYSE: GFG | Quote | Chart | News | PowerRating) through its subsidiary, Guaranty Bank, provides commercial and retail banking products and services in the United States. The company offers various commercial banking services to business and commercial customers, including financing for commercial real estate, multifamily and homebuilder construction, mortgage warehouse financing, senior housing, and middle market businesses and companies engaged in the energy industry. It provides lines of credit; working capital loans; loans for acquisition, expansion, and development facilities; borrowing base loans; real estate construction loans; regional and national homebuilder loans; term loans; equipment financing; letters of credit; and other loan products. The company lends to corporations, regional companies, oil and gas producers, real estate developers, mortgage lenders, manufacturing and industrial companies, and other businesses. Guaranty Bank also offers a range of retail banking services to consumers and small businesses, including deposits, such as savings, checking, interest-bearing checking, money-market, and certificates of deposit; loans to individuals for personal, family, and household purposes, including secured and unsecured installment and term loans, home equity loans, and home equity lines of credit; and non-deposit investment products, such as mutual funds and variable annuity products through a non-affiliated registered broker-dealer and through licensed agents. The company, formerly known as Temple-Inland Financial Services, Inc., was founded in 1938 and is based in Austin, Texas. Guaranty Financial Group operates independently of Temple-Inland as of December 28, 2007. With 37.3 million shares outstanding and 8.54 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of GFG.

Heartland Payment Systems Inc. (NYSE: HPY | Quote | Chart | News | PowerRating) together with its subsidiaries, provides bank card payment processing services to merchants in the United States. Its services involve facilitating the exchange of information and funds between merchants and cardholders' financial institutions; and providing end-to-end electronic payment processing services to merchants, including merchant set-up and training, transaction authorization and electronic draft capture, clearing and settlement, merchant accounting, merchant assistance and support, and risk management. The company also offers payroll processing, gift and loyalty programs, and paper check processing services, as well as sells and rents point-of-sale devices and supplies. As of December 31, 2007, it provided bank card payment processing services to approximately 154,750 active merchant locations. Heartland Payment Systems serves restaurants, brick and mortar retailers, lodging establishments, automotive repair shops, convenience and liquor stores, and professional service providers, as well as the petroleum industry. The company was incorporated in 2000 and is headquartered in Princeton, New Jersey. With 37.37 million shares outstanding and 3.14 million shares declared short as of July 2008, there is no longer a failure to deliver in shares of HPY. According to quarterly data provided by the SEC, there were still 116,147 shares of HPY that were failing-to-deliver as of September 28, 2007.

About BUYINS.NET

WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted. This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades.

BUYINS.NET has built a massive database that collects, analyzes and publishes a proprietary SqueezeTrigger for each stock that has been shorted, www.buyins.net/squeezetrigger.pdf. The SqueezeTrigger database of nearly 2,100,000,000 short sale transactions goes back to January 1, 2005, and calculates the exact price at which the Total Short Interest is short in each stock. This data was never before available prior to January 1, 2005, because the Self Regulatory Organizations (primary exchanges) guarded it aggressively. After the SEC passed Regulation SHO, exchanges were forced to allow data processors like Buyins.net to access the data.

The SqueezeTrigger database collects individual short trade data on over 7,000 NYSE, AMEX and NASDAQ stocks and general short trade data on nearly 8,000 OTCBB and PINKSHEET stocks. Each month the database grows by approximately 50,000,000 short sale transactions and provides investors with the knowledge necessary to time when to buy and sell stocks with outstanding short positions. By tracking the size and price of each month's short transactions, BUYINS.NET provides institutions, traders, analysts, journalists and individual investors the exact price point where short sellers start losing money.

All material herein was prepared by BUYINS.NET, based upon information believed to be reliable. The information contained herein is not guaranteed by BUYINS.NET to be accurate, and should not be considered to be all-inclusive. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. BUYINS.NET is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on or mentioned herein. BUYINS.NET may receive compensation in cash or shares from independent third parties or from the companies mentioned.

BUYINS.NET affiliates, officers, directors and employees may also have bought or may buy the shares discussed in this opinion and may profit in the event those shares rise in value. Market commentary provided by Thomas Ronk.

BUYINS.NET will not advise as to when it decides to sell and does not and will not offer any opinion as to when others should sell; each investor must make that decision based on his or her judgment of the market.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission.

You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and BUYINS.NET undertakes no obligation to update such statements.

CONTACT: Thomas Ronk, CEO, BUYINS.NET Tel: +1 800 715 9999 e-mail: Tom@buyins.net WWW: http://www.buyins.net

M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info@m2.com.

For full details for ABH click here.

    


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