Monday, March 28, 2011

Live CEU, Watching PSTI And WTSLA

China Education Alliance, Inc. ( NYSE:CEU ) recently signed management and loan agreement with the Nanchang Institute of Technology or NIT. NIT is a private universityand has 30 thousand on-campus students with 2,000 person faculty in Nanchang, the capital of Jiangxi province, China. As per the terms of the agreement, the China Education Alliance will disburse RMB 50 million to establish a state-of-the-art training center in NIT. It will also manage the daily operations of NIT, focusing on vocational training and market-oriented education, for the next ten years. Both the institutes jointly established Nanchang Institute of Technology College of Vocational Training and Certification related to the agreement. China Education Alliance is expected to provide 333,000 students with employment-oriented vocational training in NIT and Jiangxi province using its resources and experience. The company plans to target 5,000 students in the first year, 15,000 students in the second year, and 30,000 students in the third year. China Education Alliance stock is currently trading at $1.70. The stock is up 8.75% from its previous close. China Education Alliance stock touched the high of $1.75 and lowest price in today's session is $1.60. The company stock has traded in the range of $1.43 and $5.80 during the past 52 weeks. The company's market cap is $53.15million. Pluristem Therapeutics Inc.( NASDAQ:PSTI ) completed its public offering of 11 million units, with combination of one unit of share and warrant to purchase 0.4 of a share of common stock, at a purchase price of $3.25 per unit.The offering was over-allotted with the underwriters' purchasing an additional 1.65 million shares of the company’s common stock and additional warrants to purchase up to 660,000 shares of the company’s common stock.The net proceeds are expected to be about $38 million, assuming no exercise of the warrants and after deducting underwriting commissions and discounts and estimated offering expenses payable by the company. Pluristem Therapeutics stock is currently trading at $2.56. The stock is up 3.20% from its previous close. Pluristem Therapeutics stock touched the high of $2.62 and lowest price in today's session is $2.55. The company stock has traded in the range of $0.94 and $4.38 during the past 52 weeks. The company's market cap is $105.38 million. The Wet Seal, Inc. ( NASDAQ:WTSLA ) reported a dip in its fourth-quarter profit as compared to comparable period previous year. The company reported net income for the quarter of $5.3 million or $0.05 per share as compared to $74.2 million or $0.73 per share in the previous year quarter. The non-GAAP net income improved to $6.7 million or $0.07 per share from $6.1 million or $0.06 per share in the comparable quarter last year. The net sales increased to $165.49 million from $150.99 million in the prior year quarter. The comparable store sales increased 1.9%. The company expects earnings in the range of $0.05 per share $0.07 per share and net sales between $151 million and $155 million for the first quarter of 2011. The Wet Seal stock is currently trading at $4.03. The stock is up 0.50% from its previous close. The Wet Seal stock touched the high of $4.13 and lowest price in today's session is $4.01. The company stock has traded in the range of $2.77 and $5.25 during the past 52 weeks. The company's market cap is $403.44 million. I have 7,500 shares of CEU at $1.67
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