This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Thursday's Small-Cap Winners & Losers

Updated from 2:34 p.m. EDT

Magna Entertainment (MECA) said it plans to eliminate its net debt by Dec. 31, 2008, by generating roughly $600 million to $700 million from the sale of assets, entering into strategic transactions involving its racing, gaming and technology operations, a possible equity issuance and improved earnings.

The company, an operator of horse tracks and off-track betting facilities, also expects to arrange $100 million of funding to address its immediate liquidity concerns and provide sufficient time to implement the plan. Shares of Magna closed up 19.9% to $2.23.

SteelCloud (SCLD) rose following its latest quarterly results and word of a new contract. For the third quarter, revenue fell to roughly $4 million, a decrease of about 33.7% from a year ago, but SteelCloud's loss shrank to $675,012, or 5 cents a share, from last year's $6.5 million and 46 cents a share.

The developer of specialized servers and related appliances said separately that it received a two-year contract from an international networking software company valued at $3 million to $6 million. Shares gained 3.8% to $1.37.

Schawk (SGK), a provider of digital-imaging graphic services, has acquired Protopak Innovations, a package-prototyping company with approximately $6 million in annual revenue.

Shares of Schawk traded actively, closing flat at $22.50.

Evolution Petroleum (EPM - Get Report) jumped after it said reserves surged by 270% during fiscal 2007 to 1.7 million barrels of oil equivalent. In addition, the present value, discounted at 10%, of future net revenue increased 314% during the fiscal year to $33.3 million.

The company acquires mature, onshore oil and gas resources and saw its shares rise 18.9% to close at $2.58.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,164.95 -251.90 -1.45%
S&P 500 1,994.99 -26.26 -1.30%
NASDAQ 4,635.24 -48.1670 -1.03%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs