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VQ, BSET, ENER, GMCR - CRWEPicks.com Stock Report! Nov 4th 2010

|Includes: Energy Conversion Devices, Inc. (ENER), GMCR

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Venoco, Inc. (NYSE:VQ) reported financial and operational results for the third quarter of 2010. Highlights include the following:

* Daily production of 18,087 barrels of oil equivalent (NYSE:BOE) for the third quarter. Pro forma for the sale of the company's producing properties in Texas, average daily production was 17,608 BOE for the second quarter of 2010 and 18,705 for the third quarter of 2009.
* Third quarter lease operating expense (LOE) of $12.44 per BOE, down from $13.65 per BOE in the second quarter of 2010.
* Net Income $15 Million; Adjusted Earnings $6 Million
* Nine Month Adjusted EBITDA $148 Million
* Adjusted EBITDA Up 8% From 2Q 2010
* LOE per BOE Down 9% From 2Q 2010

Venoco, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, and development of oil and natural gas properties.

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Bassett Furniture Industries, Inc. (Nasdaq:BSET) reported its results of operations for its fiscal quarter ended August 28, 2010.

Consolidated sales for the quarter ended August 28, 2010 were $58.5 million as compared to $57.7 million for the quarter ended August 29, 2009, an increase of 1.5%. Gross margins for the third quarter of 2010 and 2009 were 45.5% and 45.1%, respectively. The margin increase was primarily a result of the retail segment's increased share of the overall sales mix, as well as improved margins in the Company-owned stores. Selling, general and administrative expenses, excluding bad debt and notes receivable valuation charges, increased $1.6 million for the third quarter of 2010 as compared to the third quarter of 2009, again primarily due to the net addition of 12 Company-owned retail stores since the third quarter of 2009.

Bassett Furniture Industries, Incorporated, together with its subsidiaries, engages in the manufacture, marketing, and retail of branded home furnishings in the United States.

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Energy Conversion Devices, Inc. (ECD) (Nasdaq:ENER), the leading global provider of thin-film flexible solar laminate products and systems for the building integrated and commercial rooftop markets, will report financial results for the first quarter of fiscal year 2011 ended September 30, 2010 before the market opens on Tuesday, November 9, 2010.

In conjunction with the release, ECD's management will host a conference call at 10:00 a.m. EST on Tuesday, November 9, 2010 to review the financial results. To participate in the conference call, please dial (877) 858-2512 or (706) 643-3219 (international) at least 10 minutes prior to the start of the call. Callers will need to reference conference ID number 18689375.

The conference call will be webcast live over the Internet and can be accessed in the Investor Relations section of the company's website at www.energyconversiondevices.com under "Events."

Energy Conversion Devices is a leader in building-integrated and rooftop photovoltaics. The company manufactures, sells and installs thin-film solar laminates that convert sunlight to energy using proprietary technology.

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Pomerantz Haudek Grossman & Gross LLP has filed a class action lawsuit against Green Mountain Coffee Roasters, Inc. ("Green Mountain" or the "Company") (Nasdaq:GMCR) and certain of its officers. The class action is on behalf of a class consisting of all persons or entities who purchased Green Mountain securities during the period from July 28, 2010 through September 29, 2010, inclusive (the "Class Period"). The Complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.

The Pomerantz Firm, with offices in New York, Chicago and Washington, D.C., is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members.

 

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