Grand Forks and Castlegar Saw Mills to Shut Down for Two Weeks Due to Market Conditions

Financial Highlights for Second Quarter of 2007: -- Second quarter 2007 net loss widens to $2.62 per share from $1.15 in first quarter of 2007 -- Credit agreement in default due to inability to meet required EBITDA covenant -- Strengthening Canadian dollar increased operating loss by an estimated $9.4 million for the second quarter of 2007 as compared with the first quarter of this year -- Pulp revenues of $137.9 million increased 19 percent from the second quarter of 2006 -- Increased product shipments from one year ago; Wood Products shipment up 10 percent to 248.0 million board feet

Nanaimo, BC pulp mill to curtail one line due to high wood fiber costs

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=2249477 for the full story.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=2248027 for the full story.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=2241559 for the full story.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=2237331 for the full story.

Here are the calls

UPGRADES

Fossil FOSL Piper Jaffray Market Perform » Outperform
Methanex MEOH CIBC Wrld Mkts Sector Underperform » Sector Perform
Wash. Federal WFSL Friedman Billings Mkt Perform » Outperform
Allegheny Tech ATI Davenport Buy » Strong Buy
A.M. Castle CAS Davenport Buy » Strong Buy
Carpenter Tech CRS Davenport Buy » Strong Buy
RF Micro Device RFMD Charter Equity Mkt Perform » Buy
Domtar UFS DA Davidson Neutral » Buy
Insituform Tech INSU Morgan Joseph Sell » Hold
OmniVision OVTI Pacific Growth Equities Neutral » Buy
Lexmark LXK FTN Midwest Sell » Neutral
Leap Wireless LEAP Stanford Research Hold » Buy



DOWNGRADES

Northstar Realty NRF Lehman Brothers Overweight » Equal-weight
Newcastle Investment NCT Lehman Brothers Overweight » Equal-weight
KKR Financial KFN Lehman Brothers Overweight » Equal-weight
Arbor Realty Trust ABR Lehman Brothers Overweight » Equal-weight
Thornburg Mortg TMA Citigroup Hold » Sell
UBS AG UBS Credit Suisse Outperform » Neutral
Daktronics DAKT Janco Partners Accumulate » Mkt Perform
Pope & Talbot POP DA Davidson Neutral » Underperform
Sirenza Micro SMDI Morgan Keegan Outperform » Mkt Perform
Haverty Furniture HVT Morgan Keegan Outperform » Mkt Perform
Thornburg Mortg TMA Piper Jaffray Market Perform » Underperform
Thornburg Mortg TMA Jefferies & Co Hold » Underperform
Avery Dennison AVY Matrix Research Hold » Sell

Here is the list that hit a new 52 week low

TRB Tribune Company
TMA Thornburg Mortgage
TBL The Timberland Company
SNY Sanofi Aventis
SPLS Staples Inc
POP Pope & Talbot, Inc
PMI The PMI Group, Inc
NYT New York Times Company
NXXI Nutrition 21 Inc
NVS Novartis A G
MCO Moodys Corp
JOE St. Joe Company
DAL Delta Air Lines Inc Del
CTRN Citi Trends Inc
ALU Alcatel-Lucent

Here is the list, same disclaimer: if you own homebuilders, financials or REIT's consider them at or near the low.

VOXX Audiovox Corporation
TR Tootsie Roll Inds Inc
THC Tenet Healthcare Corp
SHRP Sharper Image Corporation
POP Pope & Talbot, Inc
ODP Office Depot, Inc
NI Nisource Inc
MWRK Mothers Work Inc
MKC Mccormick & Co Inc
LXK Lexmark International
JNY Jones Apparel Group, Inc
HRL Hormel Foods Corporation
COA Coachmen Industries, Inc
CC Circuit City Stores,
BSX Boston Scientific Corp.
ATAR Atari Inc (they still exist?)
ALQ Alabama Power Co
ALL The Allstate Corporation

Here is today's list. REIT's are now joining homebuilders and financials as daily participants.


TUES Tuesday Morning Corp
TRMP Trump Entmt Resorts Inc
POP Pope & Talbot, Inc
PNY Piedmont Natural Gas
THC Tenet Healthcare Corp
STMP Stamps Com Inc
ODP Office Depot, Inc
NI Nisource Inc
MOT Motorola, Inc
HDL Handleman Company
GMCR Green Mountain Coffee Inc
FL Foot Locker Inc
DF Dean Foods Co New

I’m one of those strange people who gets excited by big one day market declines.  To me, it’s a stock clearance sale.  I have been busy today buying stocks.  I added Mothers Work (MWRK) and I accumulated shares of an actual Graham net-net for the Fat Pitch Financials Port.  I also picked up shares of an odd [...]