WESTON, Fla., Oct. 13, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Tubac Holdings, Inc. (Pink Sheets:TBAH), M-Systems Flash Disk Pioneers Ltd. (Nasdaq:FLSH), Cognizant Technology Solutions (Nasdaq:CTSH) and St. Jude Medical, Inc. (NYSE:STJ).
Aggressive investors and traders need to watch Tubac Holdings, Inc. (Pink Sheets:TBAH) again this morning! Yesterday after the markets closed, the company issued a press release reiterating that it has taken a major financial position in two companies, Chef Selections and New Life Solutions!
This is great news for investors! Each company is answering to the demands of its own multi-billion dollar industry. Chef Selections enters the multi-billion dollar food industry, while New Life Solutions markets nutraceuticals, an industry which is expected to reach $21 billion by 2006.
Investors watch this company! TBAH management favors the holding company structure because in the long term it provides diversity of risk and at the same time creates unlimited possibilities for explosive but controlled growth and expansion. The company is prepared to make an investment in high growth potential companies and to assist them in entering the public arena. In this way, Tubac will create a family of companies which will assist and support each other for added strength and stability while adding assets to the TBAH portfolio.
The stock trades at around eleven cents a share.
In case you are not familiar with the company: Tubac Holdings is a holding company which offers consulting, public and private equity services. The company specializes in finding undervalued small cap and microcap companies with exciting products, services or technology that are poised for explosive growth. Tubac provides these companies with equity, guidance and strategic counseling to help them succeed. Tubac has taken an equity stake in several public companies, and is in negotiations with several others.
Stocks showing interesting activity yesterday at the close of the regular trading day were: M-Systems Flash Disk Pioneers Ltd. (Nasdaq:FLSH) up 2.7% on 1.5 million shares traded, Cognizant Technology Solutions (Nasdaq:CTSH) up 4.8% on 2.2 million shares traded and St. Jude Medical, Inc. (NYSE:STJ) up 3.1% on 1.4 million shares traded.
Commentary:
"Oil prices jumped to record highs above $54 on Tuesday as supply hitches hindered efforts to build winter heating fuel inventories. They later shed over a $1 a barrel as traders took profits from the surge," stated Mario Cardenas in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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