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Portfolio Recovery Associates Inc. (NASDAQ: PRAA | Quote | Chart | News | PowerRating) provides outsourced receivables management and related services in the United States. The company engages in the purchase, collection, and management of portfolios of defaulted consumer receivables. These defaulted consumer receivables are the unpaid obligations of individuals to credit originators, including banks, credit unions, consumer and auto finance companies, and retail merchants. It also provides collateral-location services for credit originators, collections and revenue administration, and audit and debt discovery/recovery services for government entities. The company serves financial services, auto, retail, utility, health care, and government sectors. Portfolio Recovery Associates, Inc. was founded in 1996 and is headquartered in Norfolk, Virginia. With 15.36 million shares outstanding and 6.29 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of PRAA. According to quarterly data provided by the SEC, there were still 445,891 shares of PRAA that were failing-to-deliver as of June 30, 2008.
Sigma Designs Inc. (NASDAQ: SIGM | Quote | Chart | News | PowerRating) operates as a fabless provider of integrated system-on-chip solutions (SoC) that offer digital media processing solutions for consumer entertainment products primarily in Asia, Europe, and North America. It offers semiconductors with a suite of real-time software that enables synchronous processing of video, audio, and graphics streams for various applications; and software available under Microsoft WinCE and Linux operating systems with support for applications, such as Internet protocol (IP) video streaming, video-on-demand, DVD navigation, personal-video-recording, multi-window video, and terrestrial broadcast reception. The company's products include digital media processor SoCs, ultra-wideband dual chip solutions, and dual channel image processors that are used for applications in IPTVs, Blu-ray players/recorders, digital media adapters, personal computers and peripherals, high definition TVs, and audio-video receivers. It also provides software elements, such as multimedia library that performs video decoding, graphics acceleration, display output, audio decoding, transport demultiplexing, and sample playback applications; security management software for protecting the application incorporating SoC and the digital content processed through the application from external attack; and porting adaptations, which includes operating system kernel, peripheral hardware drivers, and a bootloader that contains system initialization and related utilities. In addition, the company offers PC-based solutions, under the NetStream and REALmagic Xcard brand names, that are sold into the commercial streaming and PC add-in markets. It sells its products to designers and manufacturers, as well as to distributors. The company was founded in 1982 and is headquartered in Milpitas, California. With 26.35 million shares outstanding and 10.58 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of SIGM. According to quarterly data provided by the SEC, there were still 1,881,262 shares of SIGM that were failing-to-deliver as of May 9, 2008.
True Religion Apparel Inc. (NASDAQ: TRLG | Quote | Chart | News | PowerRating) together with its subsidiary, Guru Denim, Inc., engages in the design, development, manufacture, marketing, distribution, and sale of apparel in North and South America, Asia, Africa, Europe, and Australia. Its products include denim jeans and jackets; corduroy pants and jackets; cotton, twill, linen, and velvet pants and jackets; fleece sweat suits and hooded sweatshirts; skirts; knit shirts; t-shirts; shorts; and sportswear for men, women, and children under True Religion Brand Jeans brand name. The company sells its products through stores, specialty retailers, boutiques, distributors, and sales agents, as well as licenses its various trademarks to third parties. It also sells directly to consumers through full-price branded retail stores and branded outlet stores, as well as through its retail Internet site, .truereligionbrandjeans.com. As of December 31, 2007, the company operated 15 branded retail stores. True Religion Apparel, Inc. is headquartered in Vernon, California. With 24.38 million shares outstanding and 12.47 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of TRLG. According to quarterly data provided by the SEC, there were still 1,909,819 shares of TRLG that were failing-to-deliver as of May 16, 2008.
South Financial Group Inc. (NASDAQ: TSFG | Quote | Chart | News | PowerRating) operates as the holding company for Carolina First Bank and Mercantile Bank that provide a range of financial products and services to consumers in South Carolina, Florida, and North Carolina. The company offers various financial products and services, including banking, merchant processing, mortgage, treasury services, and wealth management, which consists of benefits administration, insurance, private banking, retail investment, and trust and investment management services. It also provides Internet banking services, such as bill payment services. As of December 31, 2007, The South Financial Group operated through 79 branch offices in South Carolina, 66 in Florida, and 27 in North Carolina. The company was founded in 1986 and is headquartered in Greenville, South Carolina. With 72.83 million shares outstanding and 15.71 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of TSFG. According to quarterly data provided by the SEC, there were still 1,576,694 shares of TSFG that were failing-to-deliver as of June 20, 2008.
UCBH Holdings Inc. (NASDAQ: UCBH | Quote | Chart | News | PowerRating) operates as the bank holding company for United Commercial Bank, which provides personal and commercial banking services to small-and medium-sized businesses, business executives, professionals, and other individuals. It primarily engages in generating deposits and originating loans. The company's deposit products include business and personal checking accounts, NOW accounts, savings and money market accounts, time deposits, and individual retirement accounts. Its lending portfolio comprises commercial real estate loans, construction loans, commercial loans, accounts receivable and inventory loans, short-term trade finance facilities, loans guaranteed by the United States Small Business Administration, multifamily real estate loans, residential mortgage loans, and home equity lines of credit. The company also provides merchant bankcard, cash management, private client, brokerage investment products, and online banking services, as well as offers trade finance facilities for customers involved in the import and/or export of goods principally between Asia and the United States. In addition, UCBH Holdings sells fixed and variable annuities, life insurance, and covered options. As of December 31, 2007, it had 51 branches in California, 5 in Atlanta metropolitan area, 3 in the Boston metropolitan area, 1 branch in Houston, 8 in the New York metropolitan area, 2 in the Seattle metropolitan area, and branches in Hong Kong and China, as well as representative offices in Shanghai and Shenzhen, China and Taipei, Taiwan. The company was founded in 1974 and is headquartered in San Francisco, California. With 110.46 million shares outstanding and 32.61 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of UCBH. According to quarterly data provided by the SEC, there were still 3,836,300 shares of UCBH that were failing-to-deliver as of June 24, 2008.
Umpqua Holdings Corp. (NASDAQ: UMPQ | Quote | Chart | News | PowerRating) operates as the bank holding company for the Umpqua Bank, which offers commercial and retail banking services in the United States. The company provides various banking, mortgage banking, and other financial services to corporate, institutional, and individual customers. Its deposit products include noninterest bearing checking accounts, interest bearing checking and savings accounts, money market accounts, and certificates of deposit. The company's loan portfolio comprises commercial and commercial real estate loans, including accounts receivable and inventory financing, equipment loans, real estate construction loans, and permanent financing and small business administration program financing; residential real estate loans for construction, purchase, and refinancing of residential owner-occupied and rental properties; and consumer loans, such as secured and unsecured personal loans, home equity and personal lines of credit, and motor vehicle loans. It also provides retail brokerage services, including equity and fixed income products, mutual funds, annuities, options, retirement planning, and money management, as well as life insurance, disability insurance, and medical supplement policies. In addition, the company offers integrated banking and investment products and services, such as 24-hour access to a private client executive, courier service, preferred rates on deposit and loan products, brokerage accounts, and portfolio management, as well as provides Internet and telephone banking services. As of December 31, 2007, it operated 147 locations and 4 limited service facilities in Northern California, Oregon, and Washington. The company was founded in 1953 and is headquartered in Portland, Oregon. With 60.09 million shares outstanding and 14.79 million shares declared short as of September 2008, there is no longer a failure to deliver in shares of UMPQ. According to quarterly data provided by the SEC, there were still 1,283,521 shares of UMPQ that were failing-to-deliver as of June 30, 2008.
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 2,200,000,000 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
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