Dallas, TX -- (ReleaseWire) -- 07/09/2008 -- Today’s TraderNotes include: E*TRADE Financial Corp. (Nasdaq: ETFC), ENGlobal Corp. (Nasdaq; ENG), Corus Bankshares Inc. (Nasdaq: CORS), Empire Resorts Inc. (Nasdaq; NYNY), NeuroMetrix Inc. (Nasdaq: NURO), Exactech Inc. (Nasdaq: EXAC), Altair Nanotechnologies Inc. (Nasdaq: ALTI), and Broadwind Energy Inc. (OTCBB: BWEN).
“E*TRADE Financial Corp. (ETFC) shares fell nearly 3% to $3.25 just after the opening bell Wednesday. E*TRADE, through its subsidiaries, offers financial solutions to retail and institutional customers worldwide…
“E*TRADE recently said it further reduced its debt during the second quarter in an effort to lower its leverage ratio and debt service requirements. According to the company, it reduced debt by $95.8 million during the second quarter through a series of debt-for-equity exchanges. E*TRADE has cut its debt by $155.8 million in 2008…”
“ENGlobal Corp. (ENG) shares slightly climbed Wednesday morning, trading at $13.66. ENGlobal, through its subsidiaries, provides engineering and professional services principally to the energy sector in the United States and internationally…
“For the three months ended March 31, 2008, ENGlobal reported net income of 15 cents per diluted share. The company also reported its first quarter 2008 revenue increased 20% to a record $98.2 million, and net income increased 27% to approximately $4.0 million, when compared to the prior year period…”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of E*TRADE Financial Corporation (Nasdaq: ETFC). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.