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Stock Alert for Monday, June 8th, 2009
OUR NEWEST STOCK ALERT IS TEAM NATION HOLDING CORP. (TEMN)
TEMN is a relatively newly issued stock. Low float could mean an explosion in stock price. Could be a double, triple, quadruple +
Team Nation Holding Corp. was incorporated as Suncross Exploration Corporation in Nevada on November 16, 2004. Team is a management and services company deals in distressed asset acquisition, fund management, management solutions for title companies and title production services. The company leverages its business relationships, experience and analytics to analyze, evaluate, and acquire distressed security instruments, bonds, REO and non-performing notes at discounts from illiquid institutions and banks. The company also focuses on counter-cyclical growth to acquire, manage and consult for title, escrow, mortgage, real estate and REO companies.
The Company”s core business is the generation of private placement funds for investment into distressed assets, particularly performing mortgage-backed securities rated BBB. Team and its partner ABS Investment Group are responsible for analyzing over 100 bonds submitted to it daily from troubled institutions and banks. Team currently holds contracts to manage all operations of two emerging title companies operating in Southern California. It provides management, title plant and production services, customer service, sales and marketing support, HR administration, IT administration and accounting services to both companies in exchange for fees and a percentage of net profits of the operations
TEMN – http://finance.yahoo.com/q?s=TEMN.OB
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Be on the watch for a slew of economic news and financial data that is due out this week. On the docket for this week includes:
Monday: As a result of the government’s ?stress tests?, 10 banks were told to raise additional funds. These banks must submit detailed plans on Monday June, 08.
Already, the banks have managed to raise a substantial portion of the collective $75 billion, with Bank of America (BAC: NYSE) and Morgan Stanley (MS: NYSE) among the banks that have already met or exceeded the requirements.
General Motors bankruptcy means its being removed from the Dow Jones industrial average, come Monday. It will be replaced by Cisco Systems (CSCO: NASDAQ).
Tuesday: The government’s April wholesale inventories report is due in the morning.
In Washington, the Joint Economic Committee will further examine the bank bailout program, the House Financial Services Committee is holding a hearing about regulating derivatives and the Senate Energy Committee will discuss energy legislation.
Wednesday: The Census Bureau will release the April trade balance in the morning.
The weekly crude oil inventories report from the Energy Information Administration is also due in the morning, while the May Treasury budget is due in the afternoon.
The Federal Reserves ?beige book? reading on economic activity in the afternoon.
Thursday: May retail sales report.
April business inventories from the Census Bureau.
The weekly jobless claims report from the Labor Department.
May foreclosure report from industry tracker RealtyTrac.
Friday: May import and export prices are due from the Labor Department.
June consumer sentiment index is due from the University of Michigan.
The G8 finance ministers are meeting in Rome Friday and Saturday. Treasury Secretary Timothy Geithner is expected to speak Friday.
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OTCS has been compensated by one or more third parties or purchased shares in the open market on behalf of the companies listed herein. Affiliates of the publisher for OTCS have received a fee of 450,000 shares of Team Nation Holding Corp. (TEMN) from a third party for this investment opinion feature. OTCS intends on selling these shares. OTCS intends on selling these shares. OTCS and its owners, affiliates, subsidiaries, officers, directors, representatives and agents may at time hold positions in securities mentioned on OTCS’s website, and may make purchases or sales in such securities featured on OTCS’s website. This compensation should be viewed as a potential conflict of interest. Furthermore, OTCS, or its owners, affiliates, subsidiaries, officers, directors, representatives and agents may have financial positions in featured companies. OTCS and its owners, affiliates, subsidiaries, officers, directors, representatives and agents may or may not increase or decrease its ownership in featured companies at any time before, during, or after distribution of information. OTCS and its owners, affiliates, subsidiaries, officers, directors, representatives and agents may profit in the event the shares of the company featured by OTCS increase in value. These positions may be liquidated from time to time even after OTCS has made positive comments regarding the company.
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