VC

[jonlee]

VISTEON CP (VC)  is tanking ATTN; Shorts check it out now



Do your own DD and pick your entry point and have fun.


$$$$$$$$$

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Since this morning I have monitor this stock and I rated it a buy for myself.
I bought 28 VC Jan 7.5 puts
Good luck to all and have a good day.
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[Wax]

Before I post I have taken a position this morning. This came up in a scan and looks prime for 20%+ . 3-5 day play IMO. I have no idea nor want to know what this company does. I am strictly playing the chart. From its history this should easily hit $6+  Lets see how it goes.

SHORTS COVERING 

[Wax]

Hopefully this is just the beginning!

[akclide]

Check out VC it has been holding up fair last couple of days,

[setravis]

AP
Visteon Shares Up
Thursday August 3, 1:11 pm ET 
Visteon Shares Soar on Speculation About Possible Sale


NEW YORK (AP) -- Shares of Visteon Corp. surged Thursday after an analyst reiterated his "Buy" rating for the auto supplier, citing its low share price and rumors of a possible sale.
In heavy afternoon trading, Visteon shares were up $1.31, or 19 percent, to $8.14 on the New York Stock Exchange, after climbing as high as $8.45 earlier in the day. Over the past year, Visteon shares have traded between $4.05 and $10.91 per share.


Joseph C. Amaturo of Calyon Securities said Visteon shares remain undervalued and if speculation surrounding a possible sale of the company continue, the stock price could rise even higher.

According to media reports, Visteon's management is soliciting bids for the entire company estimated at $1 billion to $1.5 billion, including the assumption of about $1.2 billion in debt, Amaturo said.

"The mere fact that the stock price is reacting so positively to take-out speculation signals to us that the markets are factoring for a high implied probability of a sale," Amaturo wrote in a note to investors.

"It also highlights how undervalued the stock price is at current levels, in our opinion."

Amaturo estimated the value of some of the auto supplier's assets at more than $10 per share. He speculated that Visteon's most likely buyers would be a financial sponsor or a European supplier with either a strong North American presence or the desire to establish one.

The analyst added that Visteon's 3-year restructuring plan is on schedule.

"We continue to believe the management is making considerable progress on improving the company's near-term earnings and cash flow profile," Amaturo said.

"Moreover, we are evermore convinced that management will be able to execute on its restructuring plan, likely ahead of schedule."

[setravis]

 
By David Bailey

CHICAGO, Aug 1 (Reuters) - Visteon Corp. (VC,Trade) on Tuesday posted a quarterly profit, reversing a year-ago loss, as the auto parts maker began benefiting from its multiyear restructuring plan, and raised its full-year profit outlook.

Its stock jumped 10 percent in premarket trading.

Visteon also left intact its free cash flow expectations, but said the third quarter is expected to be "challenging" due to seasonally low production volumes globally.

"Producing free cash flow, although minimal, is a positive step, and affirmation of their free cash flow guidance for the year shows the restructuring is on track," Fitch Ratings Managing Director Mark Oline said.

"Longer term, Visteon still has a number of years of restructuring ahead of it," Oline said, adding that it will take several quarters to determine how effective the restructuring has been at changing the cost structure.

Visteon reported net income of $50 million, or 39 cents per share, in the second quarter, compared with a net loss of $1.24 billion, or $9.85 per share, a year earlier, when it took charges for a bailout by Ford Motor Co. (F,Trade).

Excluding one-time items, Visteon reported profit of 33 cents per share, while analysts expected a loss of 6 cents, according to Reuters Estimates.

Revenue was $3 billion, matching analysts' expectations. Sales a year earlier were $5 billion, including results from facilities returned to Ford.

Visteon averted bankruptcy in 2005 by returning nearly two dozen facilities to Ford and shedding thousands of high-wage unionized hourly workers. In January, Visteon said it would shed up to another 23 facilities in a continued restructuring.

Visteon hopes to complete the latest restructuring by 2008, the date it set in January. By then, it hopes to have revenues balanced between Asia, Europe and North America.

The company has narrowed its product focus to interiors, climate controls and electronics, where it has won nearly all of its new business. Still, Visteon must cope with potential production cuts by its automaker customers and escalating raw materials costs.

Visteon raised its 2006 full-year forecast for earnings before net interest expense, extraordinary items and income tax provisions, and excluding unreimbursed restructuring expenses and write-downs of asset values.

On that basis, Visteon forecast 2006 earnings ranging from $170 million to $200 million, compared with its May forecast of $120 million to $150 million. It still sees product sales of about $11 billion.

The stock gained 71 cents to $7.85 on the Inet electronic brokerage system.

Through Monday, the stock was up about 14 percent so far in 2006, while the Dow Jones U.S. automobiles and parts index ((.DJUSAP)) had risen about 1.8 percent.

[setravis]

Interesting.....
Insider buying increasing as stock price goes higher.

Volume: 14,340,600............
Avg Vol (3m): 2,463,640

Technicals
Close Above the 50-day EMA........
Close Above the 13-day EMA
Most Actives
Gap Up
Percentage Gainer

Last Price Quote is:
26.77%above 13-day EMA
27.20%above 50-day EMA
RS Rating: 98 

Fundamentals
Key Data:
Market Cap (M): $880.52 
P/E Ratio: NA 
PEG Ratio: -1.44 
Next Earnings: 11/07/2006
Last Analyst Rating: Hold

 

[setravis]

I like this stock, I like this chart.......
Has a very good looking chart, it is in a total uptrend and is about ready to make you some money.


52wk Range: 4.05 - 10.09
Volume: 4,707,300
Avg Vol (3m): 1,780,260

Technicals
Percentage Gainer

Last Price Quote is:
6.20%above 13-day MA
8.40%above 50-day MA
RS Rating: 86 

Fundamentals
Earnings Expected on Feb 16

Key Data:
Market Cap (M): $1,102.79 
P/E Ratio: 0.97 
PEG Ratio: -2.2 
Next Earnings: N/A
Last Analyst Rating: Hold

Below are the 6 Month and 1 Year charts.......

[setravis]

"VC" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders.                                
All history on a stock pick in 1 thread is awesome.                              
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.          
Thank You....and good luck with all your trades....make some $$$