Avis Budget Group (CAR-$1.03) warned on Nov. 7 that it might be unable to comply with financial covenants contained in its principal corporate credit facility, due to slowing demand for vehicle rental services and increases in borrowing costs associated with fleet financing.
Online jewelry retailer Bidz.com (BIDZ-$2.84) said Tuesday that new buyers to its website for the third-quarter of 2008 fell 2.4% to 54,072, as potential customers shied away from discretionary purchases of luxury goods
Capstone Turbine (CPST-$1.00) continues to incur significant operating losses, and sales growth remains insufficient to cover operating costs.
Going forward, while comScore (SCOR-$9.33) anticipates the need for ongoing investments in technical infrastructure and new digital market intelligence formats to support the combination of an increased customer base and new products, management believes that capex requirements will be less than the revenue growth generated by these actions.
Now may be a propitious time for Kerkorian increase his stake in Delta Petroleum (DPTR-$5.69).
A key obstacle to future growth at Force Protection (FRPT-$2.81), a manufacturer of ballistic- and blast-protected wheeled vehicles, will be lessening its dependence on the Department of Defense for virtually all of its business.
These first appeared in either BNET Energy or BNET Insight: 10-Q Detective.
Editor David J Phillips does not hold a financial interest in any stocks mentioned in this article. The 10Q Detective has a Full Disclosure Policy.