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Beacon Research Issues TraderNotes on EXPT, WFC, MOBL, CFC, WB for December 18, 2007

Today’s TraderNotes include: Expert Group, Inc. (Pink Sheets: EXPT), Wells Fargo & Company (NYSE: WFC), Mobilepro Corp. (OTCBB: MOBL), Countrywide Financial Corp. (NYSE: CFC), Wachovia Corporation (NYSE: WB)

 

Expert Group, Inc. (EXPT) TraderNote – EXPT Gains Growth Potential From 25% Increase in Loan Originations to $2.5 M for December

 

Expert Group, Inc. closed at 0.09 yesterday, a slight negative change of 0.01 or a decrease of 10.0% from the previous close of 0.10.  Expert Group, Inc. is a diversified financial services company, which markets a variety of financial products and services through Expert Financing, Expert Group Title Services, and Expert Credit Fix.  The company is currently looking for acquisitions in the financial sector and plans a roll-up of profitable companies in the Banking, Brokering, Title Services and Insurances.  It has recently originated over $2.5 Million in loans for the month of December, which represents a growth of 25% in relation to the previous month.  In yesterday's trading, EXPT traded a volume of 89,410 shares within the range of 0.07 – 0.10.  Slow Stochastics reading in yesterday's daily chart indicate figures of 7.03 %K and 6.12 %D, slowly rising towards the 20% level to confirm a potential buying signal upon crossing that level. 

 

Wells Fargo & Company (WFC) TraderNote – WFC Provides $3M Financing to ATSI Communications

 

Wells Fargo & Company (WFC) heavily traded yesterday with a volume of 21,773,844 shares within the range of 29.50 – 30.88.  Wells Fargo & Company is a diversified financial services company with $549 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 6,000 stores and the internet (wellsfargo.com) across North America and internationally. Wells Fargo Bank, N.A. is the only bank in the U.S., and one of only two banks worldwide, to have the highest credit rating from both Moody's Investors Service, "AAA," and Standard & Poor's Ratings Services, "AAA."  Recently, ATSI Communications. Inc. has entered into a $3 million accounts receivable financing agreement with Wells Fargo Business Credit, a division of Wells Fargo Bank, N.A.  In yesterday's closing, WFC closed at 30.07, no change from the previous close at the same price.  At present, it has 3.35B shares outstanding.  

 

Mobilepro Corp. (MOBL) TraderNote – MOBL Boosted by Strong Demand in Internet Services

 

Mobilepro Corp. (MOBL) traded heavily yesterday with a volume of 19,056,451 shares within the range of 0.0033 – 0.004.  Mobilepro Corp., together with its subsidiaries, provides broadband wireless, telecommunications, and integrated data communication services in the United States. It offers a suite of voice and data communications services, including local exchange, long distance, enhanced data, Internet, cellular, and wireless broadband services. The company operates in three segments: Wireless Networks, Voice Services, and Internet Services.  In yesterday's trading MOBL closed at 0.0039, a slight negative change of 0.0001 or a slight decline of 2.5% from the previous close of 0.004.  At present, it has 775.08M shares outstanding. 

 

Countrywide Financial Corp. (CFC) TraderNote – CFC Traded Heavily Yesterday with 30,548,655 Shares

 

Countrywide Financial Corp. (CFC) heavily traded yesterday with a volume of 30,548,655 shares within the range of 9.40 – 10.05.  Countrywide Financial Corporation is a diversified financial services provider and a member of the S&P 500, Forbes 2000 and Fortune 500. Through its family of companies, Countrywide originates, purchases, secures, sells, and services residential and commercial loans; provides loan closing services such as credit reports, appraisals and flood determinations; offers banking services which include depository and home loan products; conducts fixed income securities underwriting and trading activities; provides property, life and casualty insurance; and manages a captive mortgage reinsurance company.  In yesterday's trading, CFC closed at 9.41, a slight negative change of 0.39 or a slight decrease of 3.98% from the previous close of 9.68.  At present, it has 578.7M shares outstanding. 

 

Wachovia Corporation (WB) TraderNote – WB Actively Traded Yesterday with 23,346,379 Shares

 

Wachovia Corporation (WB) traded heavily yesterday with a volume of 23,346,379 shares within the range of 38.67 – 40.11.  Wachovia Corporation (WB) is one of the nation's largest diversified financial services companies, with assets of $754.2 billion as of September 30, 2007.  Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to 13 million household and business customers.  Wachovia has 3,400 retail financial centers in 21 states from Connecticut to Florida and west to Texas and California, and nationwide retail brokerage, mortgage lending and auto finance businesses.  In a recent report issued by J.D. Power and Associates, Wachovia received an overall customer satisfaction score of 827, based on a 1,000 point scale, which was nine points higher than the nearest competitor.  In yesterday's trading, WB closed at 39.43, a positive change of 0.40 or an increase of 1.02% from the previous close of 39.03.  At present, it has 1.90B shares outstanding.     

 

 

Beacon Equity Research Disclosure

 

The analysts contributing to this report do not hold any shares of Expert Group (EXPT). 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 and its affiliates have been directly compensated one million shares from a non-controlling third party (Star Consulting) for enrollment of EXPT in its research program.  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.
 
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