Unusual 11 Mid-Day Movers 2/18: COA, MBI, LZB, VMI Higher; ABCW, TRMA, CSE, JBLU Lower

February 18, 2009 12:48 PM EST

Coachmen Industries, Inc. (NYSE: COA) 32.5% HIGHER; announced that its major projects subsidiary, All American Building Systems, LLC, has received a letter of intent to build housing for the United States Army at Fort Bliss, located near El Paso Texas. The agreement represents a total potential value of $21.3 million to All American.

MBIA Inc. (NYSE: MBI) 30.8% HIGHER; established a new U.S. public finance financial guarantee insurance company within the MBIA Inc. group by restructuring its principal insurance subsidiary, MBIA Insurance Corporation. Click here for the full report.

Anchor BanCorp Wisconsin Inc. (Nasdaq: ABCW) 25.4% LOWER; reports Q3 loss of $7.96, cents better than the analyst estimate of ($0.37).

Trico Marine (Nasdaq: TRMA) 20.1% LOWER; downgraded at Jefferies & from Hold to Underperform this morning.

La-Z-Boy Inc. (NYSE: LZB) 17.4% HIGHER; reports Q3 loss of $1.25, versus the analyst estimate of ($0.10). Revenue for the quarter was $288.6 million, versus the consensus of $325.48 million. Suspends its quarterly dividend.

Valmont Industries, Inc. (NYSE: VMI) 16.2% HIGHER; reports Q4 EPS $1.09, 5 cents better than estimates. Revenues were $493.1 million vs. $454.16 million consensus. Click here to see our full report detailing comments made by Valmont's CEO, Mogens Bay.

CapitalSource Inc. (NYSE: CSE) 15.7% LOWER; last night disclosed, in a Form 8-K, that it has entered into an agreement with an existing securityholder and issued 19,815,752 shares of the company’s common stock in exchange for approximately $61.6 million in aggregate principal amount of the company’s outstanding senior subordinated convertible notes due March 2034 held by the securityholder, and our wholly owned subsidiary, CapitalSource Finance LLC, paid approximately $0.6 million in cash to the securityholder in exchange for the guaranty on such notes by such subsidiary. In connection with this conversion the company incurred a loss of approximately $57.5 million, which includes a write-off of $0.4 million in deferred financing fees and debt discount. Additionally, this conversion resulted in an increase to it's book equity of approximately $61.1 million.

Meadowbrook Insurance (NYSE: MIG) 13.4% HIGHER; reports Q4 EPS of $0.21, 3 cents better than the analyst estimate of $0.18. Re-affirms forecast.

JetBlue Airways (Nasdaq: JBLU) 10.4% LOWER; in a 13G filing after the close last night, George Soros disclosed that he is no longer a beneficial owner of more than 5% of the company's securities.

IPC Holdings (Nasdaq: IPCR) 9.7% HIGHER; reports Q4 EPS of $0.79, versus the analyst estimate of $0.58. Revenue for the quarter was $120.11 million, versus the consensus of $105.08 million.

StemCells (Nasdaq: STEM) 8.4% LOWER; Stem-cell related stocks are giving back yesterday's gains following reports today that fetal stem cells could have triggered tumors in a sick Israeli boy. Click here for the full report.

To get this report daily visit http://www.streetinsider.com/entities/Unusual+11+Mid-Day+Movers.

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