SurgLine International Inc. (PINK: SGLN), a distributor of high quality FDA approved medical and surgical products at discount prices, today, announced that it acquired Eden Surgical Technologies LLC.
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Unity Management Group Inc. (PINK: UYMG), a business resource company, has seen a sharp rise in its shares in early trading today.
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Warren Buffett’s investment company Berkshire Hathaway (NYSE: BRK.A) has agreed to acquire 63 newspapers from Media General Inc., making it BRK.A’s largest foray into newspapers.
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SINA Corporation (NASDAQ: SINA), an online media company and MVAS provider in the People’s Republic of China, released its quarterly results on Wednesday. The company’s shares surged on Wednesday as investors digested better-than-expected quarterly results.
At the Ira Sohn charity conference, David Einhorn revealed his longs and shorts. We were privileged to be part of the conference. Below is a quick rundown of his presentation:
1. Short Martin Marietta Materials. Says stock is overvalued and benefitted from a one-time national fiscal stimulus. Stock is down 8% after the comments.
2. Long GJF, a stock in Norway. It has a p/e of 9 and a dividend yield of 7% .
3. Social Media Stocks. He would buy Japanese social media networks which sport single digit p/e ‘s, much lower than Facebook.
4. Long Apple. Hedge funds own only 5% of Apple. They are underweight Apple compared to the S&P 500. He thinks Apple can exceed 1 trillion dollar market cap because most Apple customers want more Apple products. Apple monetizes its value through repeated, recurring sales, and should have a higher multiple. It does not have piracy problems in China as in Microsoft (there are tons of knock-offs in China. An entire Apple store clone was built in China).
KMA Global Solutions International Inc. (PINK: KMAG), a supplier of superior, cost-effective, source tagging products, this week, announced progress on shipments to major U.S.-based retailers.
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Shares of Premiere Opportunities Group Inc. (PINK: PPBL) are up sharply in trading today. At last check, PPBL shares were trading 22.22% higher at $0.0110 on above average volume of 3.31 million. The stock is up 37.5% this week.
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Great Wall Builders Ltd. (OTC: GWBU) is continuing to rally in early trading today. At last check, GWBU shares were trading 5.84% higher at $1.63 on above average volume of 8.57 million.
Microelectronics Technology Co. (PINK: MELY), this week, provided an update regarding the cloud computing opportunities it is strategically positioning to take advantage for future growth.
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Triton Distribution Systems Inc. (PINK: TTDZ) shares have fallen sharply in trading today. At last check, TTDZ shares were trading 19.70% lower at $0.0053 on volume of 5.44 million. Despite the sharp fall in trading today, TTDZ shares are still up more than 130% this week.
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