We are recommending the following credit spreads for our recommended August list.
We are recommending credit spread in the following issues.
WPRT - Westport Innovations Inc. provides alternative fuel, low-emissions technologies that enable engines to operate on fuels, such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels. It partners with diesel engine and truck original equipment manufacturers (OEMs) to develop, manufacture, and distribute the Westport?s engines to various truck and bus OEMs. The company?s Light-Duty division focuses on light-duty automotive systems, components, and engines, including 2.4L engines for industrial applications, such as forklifts and oilfield service. It, through its joint venture with Cummins, sells a range of low-emissions alternative fuel engines for commercial urban fleets, including buses, refuse trucks, and vocational vehicles. The company, through its proprietary development platform, Westport Heavy Duty, engages in the engineering, design, and marketing of natural gas-enabling technology for the heavy-duty diesel engine and truck market.
WHR - Whirlpool Corporation engages in the manufacture and marketing of home appliances worldwide. Its principal products include laundry appliances, refrigerators, cooking appliances, dishwashers, mixers, and other small household appliances. The company also produces hermetic compressors for refrigeration systems. It markets and distributes its products under various brand names, which include Whirlpool, Maytag, KitchenAid, Jenn-Air, Roper, Estate, Admiral, Magic Chef, Amana, Inglis, Acros, KIC, Ignis, Bauknecht, Brastemp, Consul, Eslabon de Lujo, Laden, Polar, and Supermatic in North America, Europe, Latin America, and Asia. Whirlpool Corporation sells its products to retailers, dealers, distributors, builders, and other manufacturers.
ESI - ITT Educational Services, Inc. provides postsecondary degree programs in the United States. The company offers master, bachelor, associate, and career-oriented education programs in various fields, such as information technology, electronics technology, drafting and design, business, criminal justice, and health sciences. Its information technology programs include network administration, technical support, network technology, and systems technology; and electronics technology programs comprise electronics product design and fabrication, communications, computer technology, industrial electronics, instrumentation, and telecommunications. The company?s drafting and design programs comprise computer aided drafting, electrical and electronics drafting, mechanical drafting, architectural and construction drafting, civil drafting, interior design, landscape architecture, and multimedia communications; business programs include accounting, business administration, financial services, marketing and advertising, and manufacturing; and criminal justice programs consist of corrections, security and policing, investigations, and cyber security. Its health sciences programs consist of nursing and health information technology. As of December 31, 2009, ITT Educational Services offered degree programs to approximately 80,000 students, and had 121 campuses and 4 learning sites located in 38 states.
OPEN - OpenTable, Inc. provides restaurant reservation solutions in the United States, Canada, Mexico, Europe, and Asia. It offers solutions that form an online network connecting reservation-taking restaurants and people who dine at those restaurants. The company offers electronic reservation book (ERB), an integrated software and hardware solution that computerizes restaurant host-stand operations. The ERB streamlines and enhances various functions and processes for restaurants, including reservation management, table management, guest recognition, and email marketing. The company also operates opentable.com, a restaurant reservation Website that enables diners to find, choose, and book tables at restaurants on the OpenTable network in real time. In addition, it offers OpenTable Connect, which allows restaurants to take online reservations through the OpenTable Website; POP program, which lets restaurants offer diners bonus Dining Reward Points for reservations at select times; and telephone reservation management services for restaurants. Further, the company operates toptable.com, a restaurant reservation site; and designs, builds, and operates the OTRestaurant Website, which serves as an information and services portal for its restaurant customers.
We are recommending the following specific spreads.
Call credit spreads = bearish call spreads.
Hopefully, we will get a few of these filled. However, it has not been the best of months for getting fills for many of our attempted recommendations with the GAP openings to the down side. We could have had over 9 other previous positions on for August, but it was not to be. Hopefully, we get a few of these filled tomorrow.