METRIS - 500 Beiträge pro Seite

[Plotin]

Hat jemand `ne Meinung zu dieser Aktie (NSE: MXT)?

Schaut euch `mal die Insiderkäufe (insbesondere die Kaufpreise) an: http://biz.yahoo.com/t/M/MXT.html

[Plotin]

ach ja: morgen vor handelsbeginn gibt`s zahlen bei metris.

[Plotin]

???

[Plotin]

da war ich wohl etwas früh ...

[Plotin]

to whom it concerns :
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Metris Shares Soar as Bankruptcy Bill Creates Positive Market Mood
By Michelle Rama


Dow Jones Newswires

NEW YORK -- Metris Cos (NYSE: MXT - News) . shares more than doubled for the second consecutive session on reports that Congress might soon approve a long-awaited bankruptcy reform bill. Other credit-card companies continued to rise Monday as well.


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"Today`s stock move has more to do with [Metris`] getting caught up with momentum of the market than anything else," CIBC World Markets analyst Jennifer Scutti said, adding that "the bill is a psychological positive for all the credit-card companies."

Friday, a Bear Stearns analyst issued a bullish outlook on many in the group, citing the imminent passage of the bankruptcy bill, and wrote in a research note that he expects the bill to have a positive effect on credit companies` earnings.

Investors may be clinging to the view that bankruptcy reform is a boon to the credit companies, but Ms. Scutti said she doesn`t expect the bill to have a significant impact on companies like Metris, which deal with average or sub- prime credit customers.

"For companies at the middle or lower end of the spectrum, net losses tend to be due to delinquency or delays in paying credit card bills," she noted.

Prime or super-prime lenders such as MBNA Corp. , on the other hand, saw 55% to 60% of their losses in last cycle come from bankruptcies, according to Ms. Scutti.

"If I had to make a loose assumption with Metris, only 20-30% of their losses are due to bankruptcies, so it will have a much more positive impact on an MBNA, " she said.

Investors, confident that the ball is rolling toward enactment of the legislation, seemed to ignore the roadblock that popped up early Saturday, when Congress failed to bring the matter to a vote before adjourning for summer recess.

Now, passage of the bill will be delayed for at least another month, according to Merrill Lynch analyst Matthew Burnell.

A dispute arose between lawmakers involving an effort to prevent antiabortion protesters, such as Randall Terry of Operation Rescue, from filing for bankruptcy protection to avoid court-ordered fines. Conservative lawmakers led by Rep. Chris Smith (R., N.J. ) objected to this provision, forcing House leaders to delay action on the entire bill.

Regardless of the delay, Mr. Burnell wrote in a research note Monday, the impact of the bill on the consumer finance and credit card industry, once passed, should be "modest."

The passage of a bankruptcy reform bill will have a small immediate impact on credit card companies` earnings, according to Ms. Scutti of CIBC World.

"It`ll enhance the reserve levels," she said. "They`ll get better recoveries on accounts that have been charged off, but the impact on the bottom line will be minimal in the near term."

Mr. Burnell, the Merrill analyst, wrote in his note Monday that he sees less than an eight basis-point improvement in recoveries for most lenders in the consumer finance industry as a result of the bill.

Moreover, Mr. Burnell wrote, the next six months could bring a flood of Chapter 7 bankruptcy filings as lawyers advise consumers to file before the new law is enacted and enforced.

That means that for the six months after the President`s approval, loss rates from bankruptcies should rise, "but not to a meaningful degree," he noted.

"Merrill Lynch ... has stated it believes EPS estimates for those most likely affected by enactment of the law -- MBNA Corp., Capital One [Financial Corp.] ( COF), Household [International Inc.] (HI) and American Express [Co.] (AXP) -- will not change as a result of higher bankruptcy filings in the second half of 2002." he wrote in the research note.

Other news affecting credit card companies Monday included a Washington Post (NYSE: WPO - News) article reporting that Citigroup Inc. (NYSE: C - News) `s Citibank unit and other large credit card companies won`t allow its credit cards to pay for legal or illegal betting.

High delinquency rates are one reason for the move, according to the article. Another reason is because one bettor`s debts were discharged by a court on the grounds that Internet gambling is illegal.

At 4 p.m. EDT on the New York Stock Exchange, shares of Metris were up $1.35, or 47%, to $4.20. Other big movers in the credit card sector included Bank One Corp. (ONE), with shares trading up $2.73, or 7.9%, at $37.38; and MBNA, up $ 1.45, or 8.4%, at $18.70. Shares of Capital One were down $1.15, or 3.8%, to $ 29.35 on the Big Board.

[TinleyPark]

Kannst ganz beruhigt sein.

Alles nur Fassade.


http://www.nasdaq.com/asp/quotes_full.asp?kind=shortint&symb…



TP

[Nerverl]

Ist hier noch irgendjemand, der sich für Metris interessiert?

[Ariminios]

Ja ich!

[Plotin]

jetzt wär ich nicht gern unter denen, die mit 55% vom float short in metris sind:

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NEW YORK (CBS.MW) -- Shares of consumer-finance company Metris Cos. posted fresh double-digit gains Friday, good enough to qualify as the top percentage gainer on the New York Stock Exchange.

The shares rose more than 18 percent in recent action, reaching $4.37, after Metris (MXT: news, chart, profile) added more than 17 percent in the previous session.

Analysts and investors have been arguing over the Minnetonka, Minn.-based company`s prospects for months, and the shares have been beaten down by those who argue that short-term funding issues are likely to keep their price down.

On Wednesday, Jefferies & Co. said in a research report that it believes, after discussions with company management, that such liquidity concerns were "overblown."

[Plotin]

Metris shares jump on rumors of new financing
Friday September 5, 3:15 pm ET


NEW YORK, Sept 5 (Reuters) - Shares of Metris Cos (NYSE:MXT - News) jumped more than 19 percent on Friday on rumors that the company is closing in on obtaining new financing, market sources told Reuters.
Friday`s bounce comes after the shares jumped 18 percent on Thursday on the New York Stock Exchange (News - Websites).

Shares of Metris traded in late afternoon at $4.40, up 71 cents or 19.24 percent.

A spokesman for Metris said the company does not comment on movement in its share price.

Metris, a credit card issuer focusing on consumers with spotty credit histories, needs to address two large financing concerns in the near term -- shoring up its federally insured deposits by the end of September, and refinancing some $610 million of secured bonds maturing in January and February.

Rumors that one or both of those transactions are almost done are probably pushing the stock higher, said Chris Brendler, equity research analyst at Legg Mason in Baltimore, Maryland. "Usually when a stock moves like this, there`s more than just rumors," he said.

But the increase may also be exaggerated by short covering, because a large number of market participants have sold the stock short, said Richard Shane, analyst at Jefferies & Co.

When the stock rises even a bit, some of these players have to buy back shares, sending its price even higher.

SHORING UP DEPOSITS

Metris`s bank unit, Direct Merchants Bank, has to shore up its federally insured deposits at the request of the Office of the Comptroller of the Currency.

Metris has fallen on hard times as the slowing economy has hurt its credit card borrowers.

According to its most recent quarterly filing, Metris is looking at selling some of its assets to raise enough money to collateralize the deposits, among other options.

In addition to shoring up its deposits, the company said it needs to pay down some $2 billion of off-balance-sheet financing in the next 12 months, including the $610 million of asset-backed securities.

[Plotin]

Net Institutional Purchases - Prior Qtr to Latest Qtr
Shares
Net Shares Purchased (Sold) 9,704,000
% Change in Institutional Shares Held 15.5%

Data provided by Multex (11.09.03)

[Plotin]

nachbörslich +19% (aktuell) .... wer noch nie einen Shortsqueeze gesehen hat: hier gibt`s ihn, und hier ist ein Grund:

+++++++++++++++++++++++++++++++++++++++++++++++++++++++

Metris Announces Replacement of $610 Million ABS Debt
Tuesday September 16, 4:20 pm ET


MINNETONKA, Minn.--(BUSINESS WIRE)--Sept. 16, 2003--Metris Companies Inc. (NYSE:MXT - News) announced today that Metris Receivables, Inc. (MRI), its wholly owned subsidiary, through the Metris Master Trust (MMT), has replaced the $610 million 2001-1 series asset-backed securitization from the MMT. The 2001-1 series was scheduled to begin an accumulation period on November 1, 2003 and mature in January 2004.
The replacement of the 2001-1 series also meets the requirements of the Company`s existing conduit providers that the Company secure an additional funding commitment no later than September 30, 2003. The new private conduit, series 2003-1, matures February 28, 2004.

"We are pleased to have met this funding requirement," said David Wesselink, Metris Chairman and CEO. "Today`s announcement represents further progress in the Company`s efforts to enhance our overall liquidity position."


(daran keiner so recht glauben wollen)
++++++++++++++++++++++++++++++++++++++++++++++++++

den anderen Grund gibt`s unter weiteren Nachrichten

[Plotin]

weil`s so schön ist:
++++++++++++++++++++

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