Today on Stockhouse
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Marc Davis of BNWnews.ca explains how Canada's potash rush is attracting the world.
Top Bullboards post: “As of Feb 28, 2012 TH had $28.9 Million. From what I calculate and what from the analysts' estimates TH is currently burning about $800K to $900K per month. Let's go with the higher number and about by next week 4 months will have passed since Feb 28. So, that means right now TH should have just over $25 Million left (as Huss mentioned in one of the articles someone posted). That would be 41 cents/share. At the current rate of sales, royalties from Serono should add up to about $5 million/year or about 8 cents/share. And hopefully this will grow over the next few years. Unused tax credits of about $90 million with a corporate tax rate of 25% could be worth $22.5 million to a potential acquirer. That would be another 37 cents/share.” From juniper88 on the Theratechnologies (TSX: T.TH, Stock Forum) board.
Top Bullboard: St. Elias Mines (TSX: V.SLI, Stock Forum) received the third-most reads.
Top blog:ghost11 profiles a gold junior one analyst thinks could gain 40% this year in the GHOST TRADER2 blog.
For news about small stocks that made big moves Wednesday’s trading, please read the Stockhouse Canadian Small and Micro-cap Stock Report.
Word on Wall Street
“The housing data came in better than expected and we got good news on durable-goods orders, so we’re having a relief rally that the economy is showing signs of relative strength and not weakening as some had feared,” said Matthew Kaufler, portfolio manager at Federated Clover Advisors, in an interview with MarketWatch.
| Selected expected U.S. earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Accenture plc (NYSE: ACN) |
Q3 |
$0.99 vs. $0.93 |
|
| CalAmp Corp. (NASDAQ: CAMP) |
Q1 |
$0.13 vs. $0.02 |
|
| Family Dollar Stores (NYSE: FDO) |
Q3 |
$1.07 vs. $0.91 |
|
| Greenbrier Companies (NYSE: GBX) |
Q3 |
$0.60 vs. $0.10 |
|
| Nike Inc. (NYSE: NKE) |
Q4 |
$1.37 vs. $1.24 |
|
| TIBCO Software (NASDAQ: TIBX) |
Q2 |
$0.23 vs. $0.21 |
|
| Selected expected Canadian earnings releases for Thursday |
| (Consensus Estimates vs. Last Year) |
|
| Niko Resources (TSX: T.NKO) |
Q4 |
$0.37 vs. $0.01 |
|
| Research In Motion ( TSX: T.RIM) |
Q1 |
$0.02 vs. $1.33 |
|
|
Today In The Markets
TSX closes higher amid positive U.S. data, traders cautious ahead of EU meeting
|
| DJIA |
12,627.01 |
+92.34 |
 |
|
| NASDAQ |
2,875.32 |
+21.26 |
|
|
| S&P500 |
1,331.85 |
+11.86 |
|
|
| S&P/TSX |
11,410.94 |
+76.52 |
|
|
| S&P/TSX Venture |
1,171.55 |
+2.59 |
|
|
TORONTO-NEW YORK (The Canadian Press) - - TORONTO, NEW YORK - The TSX closed higher Wednesday as data from important U.S. sectors was positive, but traders remained cautious ahead of a meeting of eurozone leaders later this week.
The S&P/TSX composite index added 76.52 points to 11,410.94 with most sectors in positive territory. The TSX Venture Exchange was up 2.59 points to 1,171.55.
The Dow Jones industrial average rose 92.34 points to 12,627.01 and the S&P 500 was up 11.86 points to 1,331.85, while the Nasdaq gained 21.26 points to 2,875.32.
Please click here for the complete U.S. and Canadian market summaries.
After-Hours News
Angle Energy (TSX: T.NGL, Stock Forum)
After Wednesday’s close, the oil and gas explorer/developer said it expects 2012 average production to rise 16% to 15,000 to 15,500 boe/d, while cash flow is forecast to be in the range of $82 to $87 million with 2012 exit net debt of $220 to $225 million.
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