Frisco, TX -- (ReleaseWire) -- 06/11/2008 -- Today’s TraderNotes include: BioSolar Inc. (OTCBB: BSRC), United Rentals Inc. (NYSE: URI), Pep Boys - Manny, Moe & Jack (NYSE: PBY), Pier 1 Imports Inc. (NYSE: PIR), InterOil Corporation (AMEX: IOC), American Superconductor Corporation (Nasdaq: AMSC), HireRight Inc. (Nasdaq: HIRE), Cardica Inc. (Nasdaq: CRDC)
“BioSolar Inc. (BSRC) shares closed yesterday at 36 cents, a slight negative change of 1 cent, or a decrease of 3 percent, from the previous close of 37 cents. BioSolar, a development stage company, engages in the research and development of bio-based materials from renewable plant sources for use in photovoltaic solar cells.
“BioSolar recently announced that Dr. Stan Levy, the company's CTO, will present at the SPIE Symposium on Solar Applications and Energy conference Tuesday, August 12, 2008, in San Diego, Calif.”
“United Rentals Inc. (URI) shares closed yesterday at $22.09, a positive change of $2.59, or an increase of 13 percent, from the previous close of $10.50. United Rentals operates as an equipment rental company, offering approximately 2,900 classes of rental equipment to construction and industrial companies, manufacturers, utilities, municipalities, homeowners and other establishments.
“United Rentals recently announced it will launch a modified "Dutch auction" tender offer to buy back up to 27.16 million of its shares for up to $679 million. The company plans to repurchase the shares, which represent about 31.4 percent of its total outstanding stock, for between $22 and $25 each, a premium of 13 percent to 28 percent over the stock's closing price of $19.50 on Monday.”
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Beacon Equity Research Disclosure
The analysts contributing to this report do not hold any shares of BioSolar Inc. (OTCBB: BSRC). Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analyst(s) writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. Beacon Equity Research (“Beacon”) certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Beacon Equity Research has been compensated a total of fifteen thousand dollars and one hundred thousand restricted Rule 144 shares from a non-controlling third party for enrollment of BSRC in this research program. Additionally, Bluewave Advisors, an affiliate of BER, has been contracted to receive fifteen thousand dollars a month directly from BioSolar for investor relations services. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change.