Happy Thanksgiving, your stock sucks

It's a relaxed kind of day today, traffic is light, everyone is doing what they can not to work and of course a few stocks are tanking as we speak.  The biggest losers today:
Juice makers Jamba Inc (NASDAQ:JMBA), Phoenix Footwear (AMEX:PXG), and Solarfun Power (NASDAQ:SOLF).

Jamba is in the lead down 26%, followed by PXG at 12.9%, and not far behind is Solarfun:

Jamba Inc just juiced their pants with shares now trading at $3.28.  Last night they reported a third-quarter net profit of $22.4 million, or 40 cents a share, from a net loss of $19.4 million, or 92 cents a share, during the year earlier. But there were 55.5 million shares outstanding in the most recent quarter compared with 21 million last year. The big problem is they said the company will slow down its store growth in 2008 because of economic pressures. The company, which says it has opened 90 Jamba Juice locations so far this year, said it now expects to open 55 to 65 locations in fiscal 2008. Sales at Jamba's year-old locations, particularly in California, have been weak in the past two quarters.

Same-store sales rose 3.8% at company-owned stores for the quarter while system-wide same-store sales increased 3.3%, the company said. The Masters will buy shares when JMBA hits $2. 


 

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Phoenix Footwear (PXG) is down 38% in the last 5 days. They reported Q3 EPS of $1.23, which included a one-time after-tax gain of $1.57. Revenues for the quarter were $26 million, versus the consensus of $28.60 million.

PXG shares are now trading at $1.25, we'll buy when they hit 75 Cents.

 

Solarfun Power (NASDAQ:SOLF) is the best bargain buy if you are thinking about buying on the dip.  SOLF will release its unaudited financial results for the third quarter of 2007 before the market opens on November 29, 2007.

Last month Solarfun got issued a 'Hold' rating by Lazard Capital. The analysts mention that Solarfun is taking the adequate initiatives to better position itself over the long term via a focus on technological improvements, silicon sourcing and capacity ramp. Solarfun Power Holdings, however, remains exposed to spot prices in 2008, while the easing of silicon supply in 2009 is likely to be an incremental positive for the company, the analysts say. The company lacks scale relative to its other larger peers in the sector, Lazard Capital adds.

SOLF has had a nice run in the past few months, so today's drop is just people cashing in their gains and not willing to risk it on the upcoming call (can't blame them).

Solarfun Power Holdings Co. Ltd. (SOLF)

Here's what Tim Sykes, WallStNewsletters.com and Full Monte Contributor had to say about SOLF just last week and all the other Solar stocks in his article:

Solar's Eleven: If Solar Stocks Were Cast in a Movie

And last but not least there’s a host of solar plays auditioning to takeover the role of Yen, originally played by Chinese acrobat Shaobo . $1.3 billion Trina Solar (NYSE: TSL ), $620 million Solarfun Power Holdings (Nasdaq: SOLF ), $350 million China Sunergy (Nasdaq: CSUN ) and don’t let the name confuse you $300 million Canadian Solar (Nasdaq: CSIQ ) are all vying for the role. It’s a tough call (due to the flexibility required) so I think we’re gonna need a second round of auditions for this one.

Looking for more background on Solarfun, check out this article at the SmallCapInvestor.com - Solarfun Power Holdings: Partly cloudy.

Not much to go on I know, but if you're a betting guy, let it ride.

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Ted GottsegenArticle written by Ted Gottsegen 

Contributor at TheStockMasters.com

Disclaimer: The Author does not hold any positions or shares in the securities mentioned in this publication.

 



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