We are recommending the following recommendations for January 2008.
We are recommending credit spreads in the following issues:
FED - First Fed Financial Corp., operates as a holding company for First Federal Bank of California that provides various banking services in California. The bank engages in generating deposits and originating loans. Its deposit products include passbook, money market deposit, interest-bearing checking, non interest-bearing checking, and fixed-term certificate accounts. The bank's loan portfolio comprises adjustable mortgage, residential, commercial, industrial, construction, and consumer loans. It also provides trust and insurance brokerage services.
SSRI - Silver Standard Resources, Inc. engages in the acquisition, exploration, and development of silver mineral properties in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. It owns a 100% interest in the Diablillos silver-gold project located in the province of Salta in north-western Argentina; the Pirquitas silver property located in the province of Jujuy in northern Argentina; the Bowdens project located in New South Wales, Australia; the Silvertip, Snowfield, and Sulphurets projects located in British Columbia, Canada; the Sunrise Lake deposit located in Northwest Territories, Canada; and the Challacollo silver project located in northern Chile.
USNA - USANA Health Sciences, Inc. engages in the development and manufacture of nutritional and personal care products in the United States. It offers two product lines, USANA Nutritionals and Sense. The USANA Nutritionals product line comprises essentials, which include vitamin and mineral supplements that provide a foundation of nutrition for various age groups; optimizers that are designed to meet individual health and nutritional needs; and macro-optimizers comprising low-glycemic functional foods and other related products.
TBSI - TBS International Limited, an ocean transportation services company, offers shipping solutions through liner, parcel, bulk, and vessel chartering services. Its liner, parcel, and bulk services primarily carry steel products, salt, sugar, grain, fertilizers, chemicals, metal concentrates, aggregates, and general cargo. The company also provides short and long-term time charters that offer its customer an alternative means to contract for ocean transportation of cargoes and make the carrying capacity of entire vessels available to its customers
We are recommending the following specific credit spreads
Call credit spreads (bearish call spreads)
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