Accredited Home Lenders Holding Co. (LEND), a residential mortgage lender, reported in early November third-quarter earnings dropped a dramatic 55 percent. Net income dropped to a little over $18 million from just over $41 million in the same period last year.
Coach (COH) Bagging Profits in China
Coach Inc. (COH), the well-known high-end handbag maker, said 15 November it is looking to China for overseas growth while expanding in its main Japanese and American markets. China is currently experiencing well-documented growth. It is estimated Chinese construction companies are building the equivalent of Houston or Philadelphia every month.
Hewlett-Packard (HPQ) Covered Calls +3.3% for Nov.
In article, “Hewlett-Packard – Saga vs. Stock Performance“, we discussed the Hewlett-Packard (HPQ) boardroom-spying saga and decided the worst was over and it was time to consider a bullish strategy for Hewlett-Packard. We selected two covered calls stock options for Hewlett-Packard with options expiring in November of 2006, and both positions were fully profitable, returning a nice +3.3% average return in only 39 days.
Boyd Gaming (BYD) – For Sale?
In its December 4 issue, BusinessWeek speculates Boyd Gaming Corp. (BYD) may be the next takeover prospect following the Harrah’s Entertainment Inc. (HET) $15.5 billion buyout offer by Texas Pacific Group and Apollo Management. The casino industry’s third-quarter numbers were at or above Wall Street analysts’ predictions.
Ladish (LDSH) Profits In the Stratosphere In China
Ladish Co., Inc. (LDSH) announced it would be supplying parts for the Rolls-Royce Trent 1000 aircraft engines. The engines will be used in Boeing’s new 787 twin-engine Dreamliners purchased by Air China. Details of the agreement will also include a Ladish-Air China maintenance contract. Analysts have pointed to this deal to illustrate Ladish’s long-term financial stability and potential for growth.
CME Covered Call Strategy Returns +3.9% in Nov.
In a previous article, “CME Buying CBOT“, we analyzed CME’s purchase of CBOT and we used PowerOptions stock options search tools to find some potentially lucrative covered calls stock options investments with stock options expiring in November of 2006. Every single position selected returned the maximum potential return for an average return of +3.9%, in just 32 days!
Apple (AAPL) & Microsoft (MSFT) Returns +3.2% in Nov.
In the article, “Apple vs. Microsoft – One More Time”, we analyzed the Apple (AAPL)/Microsoft(MSFT) rivalry and concluded a bullish strategy for both companies might be prudent. We selected covered calls stock options for the companies and every position selected was fully profitable, in just 45 days, returning an average of +3.2% at stock options expiration in November of 2006.
Continental Airlines – United Airlines Merger?
The CEO of Continental Airlines Inc. (CAL), Larry Kellner, stated recently he would consider a merger with another airline. There has been recent speculation by business and stock analysts about a possible merger between Continental and United Airlines (UAL). The speculation of a merger between Continental and United has heated up somewhat since US Airways (LCC) made an unsolicited bid for Delta Airlines (Formerly: DAL) in mid-November. Many analysts believe the US Airways merger attempt could set off a round of US carrier consolidation. Mergers could create a leaner competitive field and be a shot in the arm for the long troubled sector.
Aventine Renewable (AVR) – Green Profits
Aventine Renewable Energy Holdings, Inc. (AVR), a leading producer and supplier of ethanol, announced earlier this month it would be building new storage facilities in the state of Missouri. Aventine Renewable Energy produces, supplies, and markets ethanol, bio-products and animal feed products throughout the United States. Among its products are ethanol used as fuel, corn gluten, and yeasts. The company also does beer fermentation for the production of beer. The company was formerly known as Williams Bio-Energy and is based in Aberdeen, South Dakota.
2%-12% Returns In Less Than 1 Month
PowerOptions weblog identified several successful trades for the option expiration month of November. Below is a table showing some of the successful trades identified with a link to the corresponding article.