WESTON, Fla., Dec. 20, 2004 (PRIMEZONE) -- Wall Street News Alert's "stocks to watch" this morning are: Wisdom International Corp. (Pink Sheets:WSDM), McLeodUSA, Inc. (Nasdaq:MCLD), Hewlett-Packard Company (NYSE:HPQ) and Vicor Corporation (Nasdaq:VICR).
Aggressive investors and traders may be watching Wisdom International Corporation (Pink Sheets:WSDM) again this morning! Friday after the markets closed, the company issued a press release announcing that its wholly owned subsidiary, International Reinsurance Ltd., wrote new reinsurance premiums in excess of $200,000 during the first 15 days of December.
This could be great news for investors! According to the press release, the new premiums are a result of Wisdom's CFO, Scott Rowan's, recent trip to the United Kingdom.
Mr. Rowan stated, "The results of our trip to the U.K. are remarkable. Our goal for the trip was to make additional international business contacts and alliances for the coming year. Once there, we were presented with opportunities to write new reinsurance policies which immediately benefit Wisdom International and International Reinsurance. December is a relatively slow month for the industry as a whole; the fact that we were able to secure new business at this time suggests Wisdom International, through International Reinsurance, is making strides in its effort to become a top-tier reinsurance provider in the global marketplace."
Investors watch this one as the company continues to put out good news! It was just last week we reported that the company issued a press release announcing that it has reached an agreement to purchase the remaining ownership shares of International Reinsurance, Ltd., Wisdom's Nevis based reinsurance company, from Norwich Management Company of Norwich, England.
The stock closed Friday just under thirty cents a share.
In case you are not familiar with the company: Wisdom International Corporation is a diversified holding company. Wisdom's reinsurance activities are conducted through its subsidiary, International Reinsurance Company, Ltd., with offices in Nevis, West Indies, Norwich, England and Dallas, Texas. Wisdom's other business activities are conducted through non-insurance subsidiaries, which include two mining companies, a real estate development company, a livestock company and trucking company.
Stocks showing interesting activity yesterday at the close of the regular trading day were: McLeodUSA, Inc. (Nasdaq:MCLD) up 89.4% on 73.8 million shares traded, Hewlett-Packard Company (NYSE:HPQ) down 0.4% on 15.7 million shares traded and Vicor Corporation (Nasdaq:VICR) up 7.7% on 754,369 shares traded.
Commentary:
"Cuba has agreed to buy about $125 million in farm goods from U.S. companies attending trade talks in Havana, officials said. The deals, which were agreed on during three days of negotiations that ended Friday, surpassed expectations, Pedro Alvarez, chairman of the Cuban food import company Alimport, said. More than 300 people, primarily producers of American farm goods, attended the meetings, as did several lawmakers," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.
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