Wall Street News Alert's "stocks to watch" this morning are:
HearAtLast Holdings, Inc. (PINKSHEETS: HRAL), Bank of America Corp.
(NYSE: BAC), Colgate-Palmolive (NYSE: CL) and China Green
Agriculture, Inc. (NYSE: CGA).
Yesterday after the markets closed, HearAtLast Holdings, Inc.
(PINKSHEETS: HRAL) issued a press release announcing that that
Harbinger Research has issued an Investment Report on the Company.
HearAtLast is a leading provider of suitable affordable solutions
to clients with hearing needs in the billion dollar hearing loss
market.
The research report provides a summary of the Company as an
investment opportunity and overview of its business, its sales and
marketing strategy and a discussion of the company's industry. It
also includes the Company's projections of future results. To read
the report please visit:
http://www.harbingerresearch.com/link/13/237/HRAL
Earlier this month, the Company has posted its amended earnings
report on pinksheets.com. The posted earnings reflect the fiscal
second quarter period covering 04/01/2009 - 06/30/2009. The Company
recorded gross profits of US $382,463 for Q2 of FY2009, a 19%
increase compared to Q2 FY2008 gross profits of US $320,564.
Operating expenses for the same period Q2 of FY2009 decreased 53%
to US $738,403 compared to Q2 FY2008 of US $2,051,150. HearAtLast
also reduced their debt ratio. The debt ratio is the proportion of
a firm's total assets that are being financed with borrowed
funds.
"We are very pleased with the direction of our company. We
expect gross profits from all stores to continue to increase while
operating expenses and debt ratio decline due to aggressive
restructuring and reduced overheads. Despite the reduction in
overhead, clinic performance has been enhanced as the companies'
clinic base has entered year two of their operations. We still
maintain our focus on becoming Canada's largest network of hearing
stores," stated Matthew Sacco, President and CEO.
The stock closed yesterday at Five cents a share.
For an in-depth profile of HearAtLast, visit
http://www.wallstreetnewsalert.com/view-company-profiles.php?profile=HRAL_111709.
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Bank of America Corp. (NYSE: BAC) up 3.6% on 179.7 million
shares traded.
Bank of America is one of the world's largest financial
institutions.
Colgate-Palmolive (NYSE: CL) up 3.6% on 13.9 million shares
traded.
Colgate-Palmolive is a leading global consumer products company,
tightly focused on Oral Care, Personal Care, Home Care and Pet
Nutrition.
China Green Agriculture, Inc. (NYSE: CGA) up 26.7% on 3.8
million shares traded.
China Green Agriculture, Inc. produces and distributes humic
acid ("HA") based liquid compound fertilizer through its wholly
owned subsidiary, Shaanxi TechTeam Jinong Humic Acid Product Co.,
Ltd.
Market Commentary:
Benchmark crude for December delivery added 44 cents Wednesday
to settle at $79.58 a barrel on the New York Mercantile Exchange.
Most of the trading had already passed to the January contract,
which rose 38 cents to settle at $80.10 a barrel.
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