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Friday, January 29, 2010

Investment Opinion On LEN, CCJ, BZH, PAL, CBAI

Lennar Corp. (NYSE: LEN), $14.97, +1.27, 9.27%, reported on their fourth quarter and fiscal year results citing fourth quarter net earning in 2009 were $35.6 million.  The net loss for the year ended November 30, 2009 was $417.1 million, or $2.45 per diluted share, compared to a net loss of $1,109.1 million, or $7.00 per diluted share, in 2008.  Revenues from home sales decreased 30% in the fourth quarter of 2009 to $830.2 million from $1,183.1 million in 2008.  Lennar Corp. is a large homebuilder and a financial services provider.  LEN reached a high of 15.35 this morning.

Coalcorp Mining Inc. (TSX: CCJ), $0.27, +0.025, 10.20%, is making gains today of over 10% on the announcement that it has entered into agreements to sell the La Francia mine and other infrastructure assets and all of the issued and outstanding shares of Adromi Capital Corp., the holder of the La Francia II concession, to a subsidiary of the Goldman Sachs Group.  Cash payment for the La Francia I Assets is USD$100 million and for the Adromi Shares is USD$51 million.  Coalcorp Mining is mainly engaged in the exploration of mineral properties in Ontario.

Beazer Homes USA Inc. (NASDAQ:  BZH), $5.178, +0.408, 8.55%, reached a high of 5.27 in this morning's trading touching down on a low of 5.01.  BZH is making gains today on news of the pricing of its private offering of 19,500,000 shares of its common best stock at $4.60 per share. Back in September Beazer Homes reached a high of 6.93.  Beazer Homes is one of ten largest single-family homebuilders in the United States.

North American Palladium (AMEX: PAL), $4.15, +0.13, 3.23%, is making gains today trading at its morning high of 4.15 surpassing its 52 week-high from earlier this week of 4.11.  The last news announcement confirmed that North American Palladium begun the process of restarting operations at its Lac des Iles mine in northwestern Ontario, with expected concentrate to be produced in the second quarter of 2010.  PAL is a palladium mining company with exposure to gold, and focused on acquiring high quality near-term producing gold assets.

Cord Blood American Inc. (OTCBB: CBAI), $0.018, +0.002, 12.27%, has been making significant gains and hit a high today of 0.19.  The 52 week-high stands at 0.025 from a year ago.  Cord Blood is an umbilical cord blood stem cell preservation company with its main focus on the acquisition of customers in need of family based products and services. Yesterday the company announced that it had retired a $1.35 million note which it had obtained from JMJ Financial in May of 2009.

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