Red Hat (RHT) is Near Its 52-Week Low

Red Hat (RHT) has been off my radar. Yesterday (02013.02.27), TheStreet.com had a posting with the headline: "Red Hat Rises On Unusually High Volume (RHT)".

RHT closed yesterday (02013.02.27) at $50.55. 52-week range: $46.34 - $62.75. Hmm... RHT, which trades on the NYSE, is close to making a new 52-week low. The DJIA average ended yesterday at 14,075.37, which is close to its all-time high.

[Update::02013.02.28] Barclays Capital gave RHT an 'Overweight' rating. Barclays' target price is $60, but mine is $67.48.

Geeknet (GKNT) Reports 4Q'12 Results

Geeknet (GKNT) reported 4Q'12 results prior to the market opening today (02013.02.27) and I thought they were good. In a nutshell, Geeknet is ThinkGeek, which makes it an e-commerce company. GKNT closed yesterday at $15.27 and today it opened down 1.4%. Owning stock in Geeknet has become beyond frustrating. From the company's 4Q'12 press release: "Total cash and investments at the end of the fourth quarter 2012 was $57.3 million." There are ~6,556,000 GKNT shares; therefore, the company's cash position is ~$8.74 per share. Current ratio: 4.9. Price-Sales-Ratio (PSR) is ~0.83.

iRobot (IRBT) $25M Share Repurchase Program

iRobot (IRBT) closed today (02013.02.25) at $20.46. 52-week range: $16.25 - $28.91. After the market closed iRobot reported its board had approved at $25 million share buyback. From iRobot's press release.

"The Board’s authorization of a share repurchase program reflects our confidence in the health and long-term outlook of the company," said Colin Angle, chairman and chief executive officer of iRobot. "With a strong balance sheet and cash flows, we believe we can take advantage of current market conditions to buy back our shares while maintaining the flexibility to make strategic investments in our future."

On 11 February 02013, iRobot had approximately 27,872,850 shares of common stock outstanding. At IRBT's current price the company could buy approximately 1.2 million shares, which is about 4.4% of the shares outstanding.

Stewart Enterprises (STEI) Approaching 3 $Pi

Stewart Enterprises (STEI) last 52-week high was 5 October 02012 at $8.65. 52-week range: $4.92 - $8.65. STEI closed last week at $8.43. The short-interest-ratio continues to be high. I might place an order to sell some STEI at 3 $Pi ($9.42).

NeuroMetrix (NURO) Pops; Nanosphere (NSPH) Bottoms?

NeuroMetrix (NURO) had a good day yesterday (02013.02.21) even though the last two days have been bad days for the GDT::Portfolio. NURO closed yesterday (02013.02.21) at $3.00, up ~29% for the day (intra-day high was $3.10). Volume was heavy. NURO was split 1:6 a couple days ago on 02013.02.19. Post-split price: $2.88.

Nanosphere (NSPH) closed yesterday (02013.02.21) at $1.90. A week ago, on 02013.02.14, NSPH fell from $2.64 to $1.79 (intra-day low was $1.72). Yesterday NSPH had an intra-day high of $2.07 before closing at $1.90. $1.72 increased to $2.07 is an ~20% increase. An insider buy was recorded on 02013.02.18 at $1.97. This morning (02013.02.22) Nanophere issued a pres release having the headline: "Nanosphere to Present at the Cowen and Company 33rd Annual Health Care Conference". If the company's CEO does a good job, then that might increase demand for NSPH shares.

Geeknet (GKNT) Reschedules 4Q'12 Results

Geeknet (GKNT) closed yesterday (02013.02.20) at $15.95. 52-week range: $12.07 - $21.62. The company was suppose to report 4Q'12 results before the market opened, but they delayed the financial reporting for a week due to an "uncompleted audit." Yuck! Change in upper-level management might have caused this to happen, but the company didn't provide any specifics for the delay.

Sold Some Hanger (HGR) at 10 $Pi ($31.42)

Hanger (HGR) hit a new 52-week yesterday (02013.02.19) of $31.95. I sold some of HGR shares at 10 $Pi (i.e. $31.42). Despite the sale HGR remains #9 in the GDT::Portfolio, which is a negative reflection upon the overall health of the portfolio.