BUYINS.NET: MED, NCC, SFI, AVTR, PCBC, QSII Have Been Added To Naked ...

Tag : agricultural hardware

Released : Tuesday, September 09, 2008 9:37 AM
RDATE:09092008
BUYINS.NET, www.buyins.net, announced today that these selectcompanies have been added to the NASDAQ, AMEX and NYSE naked shortthreshold list: Medifast Inc. (NYSE: MED), National City Corp.(NYSE: NCC), iStar Financial Inc. (NYSE: SFI), Avatar Holdings Inc.(NASDAQ: AVTR), Pacific Capital Bancorp (NASDAQ: PCBC), QualitySystems Inc. (NASDAQ: QSII). For a complete list of companies onthe naked short list please visit our web site. To find theSqueezeTrigger Price before a short squeeze starts in any stock, goto www.buyins.net.
Medifast Inc. (NYSE: MED) through its subsidiaries, engages in theproduction, distribution, and sale of weight management and diseasemanagement products, and other consumable health and diet productsin the United States and Canada. The company's product linesinclude weight and disease management, meal replacement, andvitamins. It also operates weight control centers that offersupervised model and an advertised brand, which encourages walk-insand referrals from other Medifast business channels; and customizedpatient counseling programs, and the Inbody composition analysis.The company markets its products under Medifast brand, whichinclude shakes, women's health shakes, creamy soups, chicken noodlesoups, beef vegetable stew, oatmeal, scrambled eggs, hot cocoa,cappuccino, chai latte, iced teas, fruit drinks, soy crisps, andcrackers. It sells its products through various channels ofdistribution, including direct-to-consumer business; Take Shape forLife, a physician led network of independent health coaches; andweight control centers. Medifast, Inc. was founded in 1980 and isheadquartered in Owings Mills, Maryland. With 13.81 million sharesoutstanding and 970,800 shares declared short as of July 2008,there is a failure to deliver in shares of MED. According toquarterly data provided by the SEC, there were still 26,480 sharesof MED that were failing-to-deliver as of September 28, 2007.
National City Corp. (NYSE: NCC) a financial holding company,provides commercial and retail banking, mortgage financing andservicing, consumer finance, and asset management services in theUnited States. Its retail banking services include depositgathering and direct lending services, business banking services,education finance, retail brokerage, and lending-related insuranceservices to consumers and small businesses. The company's consumerlending products include home equity, student loans, and creditcards and other unsecured personal and small business lines ofcredit. National City's commercial banking products and servicesinclude lines of credit, term loans, leases, investment real estatelending, asset-based lending, treasury management, stock transfer,international services, and dealer floorplan financing to large-and medium-sized corporations. The company also offers loan salesand securitization, structured finance, syndicated lending,commercial leasing, equity and mezzanine capital, derivatives,public finance, investment banking, correspondent banking,multifamily real estate lending, and commercial real estate lendingto select customers in certain industries or distribution channels.Its mortgage banking activities comprise originating residentialmortgage, home equity lines, and loans collateralized byone-to-four-family residential real estate, as well as servicingmortgage loans, home equity loans, and home equity lines of creditfor third-party investors. National City's asset managementservices include investment management, custody, retirementplanning services, and other corporate trust services toinstitutional clients; and personal wealth management services forindividuals and families. As of December 31, 2007, it operatedapproximately 1,400 branch banking offices in Ohio, Florida,Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, andWisconsin. The company was founded in 1845 and is headquartered inCleveland, Ohio. With 760.32 million shares outstanding and 156.35million shares declared short as of July 2008, there is a failureto deliver in shares of NCC. According to quarterly data providedby the SEC, there were still 50,544 shares of NCC that werefailing-to-deliver as of September 28, 2007.
iStar Financial Inc. (NYSE: SFI) operates as a finance companyfocusing on the commercial real estate industry. The companyprovides custom-tailored financing to high-end private andcorporate owners of real estate. Its financing products includesenior and mezzanine real estate debt, senior and mezzaninecorporate capital, corporate net lease financing, and equity. Thecompany also involves in corporate tenant leasing business, whichprovides capital to corporations and others who control facilitiesleased primarily to single creditworthy customers. As of December31, 2007, iStar Financial owned 407 office and industrial,entertainment, hotel, and retail facilities in 40 states. Thecompany qualifies as a REIT for federal income tax purposes. As aREIT, it generally would not be subject to federal corporate incometaxes if it distributes at least 90% of its taxable income to itsstockholders. The company was founded in 1993 and is based in NewYork, New York. With 134.41 million shares outstanding and 21.58million shares declared short as of July 2008, there is a failureto deliver in shares of SFI. According to quarterly data providedby the SEC, there were still 115,250 shares of SFI that werefailing-to-deliver as of September 28, 2007.
Avatar Holdings Inc. (NASDAQ: AVTR) engages in the business of realestate operations in Florida and Arizona. Its residential communitydevelopment activities include the development of active adult andprimary residential communities of Solivita and Solivita West, suchas recreation facilities, including a clubhouse, golf courses, parkhousing, and sporting and games facilities, as well as constructionof homes, including scattered lots and on contiguous parcels inFlorida and Rio Rico, Arizona; and single-family community inLakeland, Florida. It also engages in various real estate relatedactivities, such as the construction of Poinciana Parkway and TollRoad; the development of roads, retention ponds, parks, schoolsites, and community amenities; the sale of commercial andindustrial land for third-party development; and the operation of atitle insurance agency. In addition, the company engages in rentaland other operations, including a small community shopping centerin Rio Rico, and recreational facilities. As of December 31, 2007,it owned approximately 17,000 acres of developed, partiallydeveloped, or developable residential, commercial, and industrialproperty. Avatar Holdings, Inc. was founded in 1970 and isheadquartered in Coral Gables, Florida. With 8.54 million sharesoutstanding and 1.21 million shares declared short as of July 2008,there is a failure to deliver in shares of AVTR. According toquarterly data provided by the SEC, there were still 49,902 sharesof AVTR that were failing-to-deliver as of September 28, 2007.
Pacific Capital Bancorp (NASDAQ: PCBC) operates as the holdingcompany for Pacific Capital Bank, N.A., which provides a range ofcommercial and consumer banking services to households,professionals, and businesses primarily in the central coast ofCalifornia. The company primarily offers its banking services underSanta Barbara Bank & Trust, First National Bank of CentralCalifornia, South Valley National Bank, San Benito Bank, and FirstBank of San Luis Obispo brand names. It offers a range of depositproducts, including NOW accounts, money market deposit accounts,savings accounts, time certificates of deposit, interest bearingdeposits, and demand deposits. The company also provides variousloans comprising real estate loans, home equity lines and loans,consumer loans, leases, and demand deposit overdraft protectionproducts, as well as commercial, industrial, and agriculturalloans. In addition, it offers safe deposit boxes, travelers'checks, money orders, foreign exchange services, and cashierschecks. Further, the company provides trust and investment advisoryservices, as well as a range of wealth management services. As ofDecember 31, 2007, it operated 50 retail branches and 14 loanproduction offices. Pacific Capital Bancorp was founded in 1960 andis based in Santa Barbara, California. With 46.1 million sharesoutstanding and 11.42 million shares declared short as of July2008, there is a failure to deliver in shares of PCBC. According toquarterly data provided by the SEC, there were still 35,432 sharesof PCBC that were failing-to-deliver as of August 15, 2007.
Quality Systems Inc. (NASDAQ: QSII) engages in the development andmarketing of healthcare information systems in the United States.Its system automates various aspects of medical and dentalpractices, and networks of practices, such as physician hospitalorganizations and management service organizations, ambulatory carecenters, community health centers, and medical and dental schools.The company offers proprietary electronic medical records softwareand practice management systems under the NextGen3 product name.The product categories of the NextGen suite include electronicmedical records, enterprise practice management, enterpriseappointment scheduling, enterprise master patient index, NextGenimage control system, managed care server, electronic datainterchange, system interfaces, Internet operability, and apatient-centric and provider-centric Web portal solution. It alsooffers NextGen Express designed for small practices and NextGenCommunity Health Solution; and revenue cycle management servicesunder the Practice Solutions name, which include billing andcollections services for medical practices. In addition, QualitySystems provides hardware and software installation, maintenanceand support services, system training, and electronic datainterchange services. The company was founded in 1974 and isheadquartered in Irvine, California. With 27.45 million sharesoutstanding and 5.77 million shares declared short as of July 2008,there is a failure to deliver in shares of QSII. According toquarterly data provided by the SEC, there were still 34,967 sharesof QSII that were failing-to-deliver as of September 28, 2007.
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The SqueezeTrigger database collects individual short trade data onover 7,000 NYSE, AMEX and NASDAQ stocks and general short tradedata on nearly 8,000 OTCBB and PINKSHEET stocks. Each month thedatabase grows by approximately 50,000,000 short sale transactionsand provides investors with the knowledge necessary to time when tobuy and sell stocks with outstanding short positions. By trackingthe size and price of each month's short transactions, BUYINS.NETprovides institutions, traders, analysts, journalists andindividual investors the exact price point where short sellersstart losing money.
All material herein was prepared by BUYINS.NET, based uponinformation believed to be reliable. The information containedherein is not guaranteed by BUYINS.NET to be accurate, and shouldnot be considered to be all-inclusive. The companies that arediscussed in this opinion have not approved the statements made inthis opinion. This opinion contains forward-looking statements thatinvolve risks and uncertainties. This material is for informationalpurposes only and should not be construed as an offer orsolicitation of an offer to buy or sell securities. BUYINS.NET isnot a licensed broker, broker dealer, market maker, investmentbanker, investment advisor, analyst or underwriter. Please consulta broker before purchasing or selling any securities viewed on ormentioned herein. BUYINS.NET may receive compensation in cash orshares from independent third parties or from the companiesmentioned.
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