Lakeway, TX -- (SBWIRE) -- 02/21/2013 -- Bestdamnpennystocks, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Volatile Medical Marijuana (MJNA.PK -20.4%) falls to $0.23 on the pink sheets after SA authors Ashraf Eassa and Panoplos offer bearish takes. Panoplos notes that while MJNA recently valued an inventory sale/licensing deal with CannaVEST (FCLS.OB) at $35M, based on an assigned value of $5 for the CannaVEST shares issued to MJNA, the actual value of the shares could be much lower. Especially since CannaVEST recently disclosed it has "no customers," and that its sole assets consist of the items purchased in its deal with MJNA. MJNA is no stranger to double-digit swings.
Is MJNA after A Solid Pop Up? Find Out Here
Rowan (RDC -2.6%) secures a three-year charter from Maersk for a jack-up to work in Qatar at a dayrate in the low $140Ks, near double the mid $70Ks the Rowan California rig had been garnering. Also, RDC secures short-term contracts for its Rowan Louisiana and EXL III jack-ups at day rates in the low $120Ks and the low $160Ks, higher than previous rates.
Will RDC Continue To Trend Higher After The Recent Gain? Find Out Here
Devon Energy (DVN -2.1%) shares slide for a second day after the company swung to a Q4 loss. “While acknowledging the potential for aggressive strategic change at [DVN], our outlook for the stock was checked by an underlying asset story that was likely to disappoint," Deutsche Bank says, adding that flat production and cash flow estimates for this year and mounting debt are worries.
Is DVN a Buy Opportunity After The Recent Slump? Find Out Here
Carlyle Group (CG -7.4%) tumbles as earnings disappoint - especially in light of big results at its P-E competitors. Management is focusing on fundraising - twice as much in 2012 as 2011, but economic net income fell 28%, with performance fees off 41%. The stock is up 54% since its May IPO.
Is CG Still a Buy After The Recent momentum? Find Out Here
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