This Day On The Street
Continue to site
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

China Security, US Airways: Small-Cap Winners

NEW YORK ( TheStreet) -- Shares of China Security & Surveillance Technology (CSR) were soaring 24% to $5.08 a share on Tuesday after Chairman and CEO Guoshen Tu offered to buy out the company for $6.50 per share. The offer is for outstanding shares of common stock currently not owned by Tu. The chairman currently owns 21% of the stock.

US Airways (LCC) was gaining 9% to $9.06 after Deutsche Bank analysts reiterated a buy on the stock. Other regional airlines including AirTran Holdings (AAI) and JetBlue Airways (JBLU - Get Report) were also up 1.8% and 4% respectively. Airlines have been hiking fares and rolling out surcharges to deal with rising fuel prices. Cooling oil prices on Tuesday appeared to have also helped boost sentiment surrounding airline stocks.

Broadsoft (BSFT - Get Report) was among the biggest gainers on Tuesday afternoon trading after the networking software company reported strong earnings and revenue growth for its fiscal fourth quarter after the bell on Monday.

For the three months ended Dec. 31, Broadsoft posted a non-GAAP profit of $12.2 million, or 44 cents a share, up significantly from both its year-ago comparable profit of $1 million, or 7 cents a share, and earnings of $2.2 million, or 8 cents a share in the September period. Revenue totaled $35.8 million, up 85% year-over-year and 61% on a sequential basis.

Shares were up 38% at $48.52. Volume of shares traded was at 10 times its average, at close to 4 million.

Payment services provider Moneygram International (MGI - Get Report) was climbing 13% to $3.03 after it announced a recapitalization agreement whereby affiliates of private equity firm Thomas H Lee would get a 55% stake in the company. THL and its affiliates will convert all their preferred stock into common stock and its other investor, Goldman Sachs, will convert its preferred stock into participating convertible preferred stock, a non-voting equivalent to common stock.

"This transaction simplifies our capital structure, ends the dilution from the continuing dividend payments required by the preferred stock terms, and increases the attractiveness of our common stock," CEO Pamela Patsley said in a statement.

Shares of Radioshack (RSH) were up 6% to $15.45. The stock has frequently been a subject of takeover chatter.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
LCC $0.00 0.00%
BSFT $38.43 -1.94%
JBLU $19.33 0.00%
MGI $6.00 1.18%
SNV $29.78 -0.53%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs