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GRAN, VIRC, LAKE, UWN Expected To Be Lower After Earnings Releases on Thursday

^{Published on 2009-12-08 10:38:45, Last Modified on 2010-12-22 17:41:28 - WOPRAI}
 

December 8, 2009 / M2 PRESSWIRE / BUYINS.NET / www.squeezetrigger.com is monitoring the performance of all stocks with earnings being released Thursday, December 10th and determining how the stocks have performed after their last 12 quarterly, 6 quarterly and November earnings reports. Bank of Granite (NASDAQ: GRAN), Virco Manufacturing (NASDAQ: VIRC), Lakeland Industries (NASDAQ: LAKE), Nevada Gold and Casinos (AMEX: UWN) are all expected to be lower after their earnings are released Thursday. The movement of stock prices in the days and weeks leading to and following these earnings announcements may follow a predictable pattern. Most companies stock price histories show random or unpredictable movements around earnings dates. But some seem to repeat the same pattern quarter after quarter, year after year. The # of Reports in the table below shows how many previous quarterly reports comprise the indicator that predicts how a stock will act after its earnings are released. The specific technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The following stocks are expected to go lower after earnings are released Thursday:

Symbol Company # of Reports Quarter Release Time

GRAN Bank of Granite Corp 12 quarters Q3 During

VIRC Virco Manufacturing 12 quarters Q3 After

LAKE Lakeland Industries 12 quarters Q3 Before

UWN Nevada Gold & Casinos 12 quarters Q2 After

Earnings, or profits, drive stock prices. The market values a company based on its current and anticipated future ability to make money. The market takes the earnings pulse of a company four times per year when quarterly reports are issued. When this information is released it can often be a trend-changing or a trend confirming event because the information is so vital to the market's perception of the vitality of that company.

This technology is designed to help the stock trader identify those companies that seem to have a consistent pattern of movement before or after the earnings release date, based on the history of earnings releases for that company. It combines a calendar of expected earnings releases with a history of past earnings releases in a way that lets you see if a pattern exists.

Bank of Granite Corporation (NASDAQ: GRAN) operates as the bank holding company for Bank of Granite that provides community banking services to individual and business customers in the western part of North Carolina. It offers deposit products, such as interest-bearing and non-interest-bearing demand deposits, savings accounts, NOW accounts, money market accounts, time deposits, and certificates of deposit; and real estate, agricultural, construction, financial, commercial or business related, and consumer loans. The company, through its subsidiary, Granite Mortgage, Inc., engages in the origination and sale of residential and real estate mortgage loans to individuals. It specializes in government guaranteed mortgage products. As of May 7, 2009, Bank of Granite Corporation operated 22 full-service banking offices in Burke, Caldwell, Catawba, Forsyth, Iredell, Mecklenburg, Watauga, and Wilkes counties, as well as a loan production office in Guilford county. The company was founded in 1906 and is headquartered in Granite Falls, North Carolina.

Virco Mfg. Corporation (NASDAQ: VIRC) engages in the design, production, and distribution of furniture in the United States. The company offers seating products, including cantilever chairs, tablet arm chairs, rockers, hard plastic seats, backrests, work surfaces, task chairs, classroom chairs, stack chairs, folding chairs, upholstered stack chairs, plastic stack chairs, and upholstered ergonomic chairs; folding and banquet tables, activity tables, office tables, and mobile tables; and tables, desks, and workstations for computing applications. It also offers chair desks and combo units, teachersa� desks, and tablet arm units; mobile tables, cabinets, and chairs; and handling and storage equipment, including stackable storage trucks for convention center, arena, and auditorium customers. In addition, the company provides vendor-supplied items, such as wood and steel office furniture, early learning products for pre-school and kindergarten classrooms, science laboratory furniture, library tables, chairs, and equipment. Further, it offers PlanSCAPE project management software that allows its sales representatives to provide CAD layouts of classrooms, as well as classroom-by-classroom planning documents for the budgeting, acquisition, and installation of furniture, fixtures, and equipment (FF and E); and support services, including package solutions for the FF and E line item on school budgets, computer-assisted layout planning, transportation planning, product delivery, installation, and repair. The company primarily serves educational institutions, convention centers and arenas, hospitality providers, government facilities, and places of worship. Virco Mfg. Corporation was founded in 1950 and is based in Torrance, California.

Lakeland Industries, Inc. (NASDAQ: LAKE), together with its subsidiaries, manufactures and sells safety garments and accessories for the industrial protective clothing market in the United States and internationally. It offers limited use/disposable protective clothing, including coveralls, lab coats, shirts, pants, hoods, aprons, sleeves, and smocks that provide protection from chemicals, pesticides, fertilizers, paint, grease, and dust; hazardous waste and toxic chemicals; and viruses and bacteria at hospitals, clinics, and emergency rescue sites. The company also offers heavy duty chemical suits to provide protection from powerful, highly concentrated, and hazardous or potentially lethal chemical and biological toxins, toxic chemical spills or biological discharges, chemical or biological warfare weapons, and hazardous chemicals and petro-chemicals. In addition, it provides fire fighting and heat protective apparel, which give protection from fire, burns, and excessive heat; gloves and arm guards for protection against cuts, lacerations, heat, hazardous chemicals, and dermatological irritants; and reusable woven garments to protect from bacteria, viruses, blood borne pathogens, and flash fires, as well as to protect manufactured products from human contamination or static electrical charge. Further, the company offers visibility clothing, including flame retardant and reflective garments to protect from heat, flame, and sparks. Lakeland Industries sells its products to chemical/petrochemical, utilities, automobile, integrated oil, steel, glass, construction, smelting, munition plants, janitorial, pharmaceutical, mortuaries, and electronics manufacturers, as well as scientific and medical laboratories; and federal, state, and local governmental agencies and departments. The company was founded in 1982 and is headquartered in Ronkonkoma, New York.

Nevada Gold & Casinos, Inc. (AMEX: UWN) engages in financing, developing, owning, and operating gaming projects in the United States. It owns and operates Colorado Grande Casino, which consists of approximately 195 slot machines, a restaurant, and 44 parking spaces in Cripple Creek, Colorado. Nevada Gold & Casinos, Inc., through its subsidiary, Gold Mountain Development, L.L.C., owns approximately 270 acres of real property in the vicinity of Black Hawk, Colorado. The company was founded in 1977 and is based in Houston, Texas.

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