SOURCE: Wall Street News Alert

Wall Street News Alert

March 07, 2008 09:18 ET

Wall Street News Alert: Aggressive Stock Alert: CPBI! March 7, 2008

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL--(Marketwire - March 7, 2008) - Wall Street News Alert's "stocks to watch" this morning are: Challenger Powerboats, Inc. (OTCBB: CPBI), KKR Financial Holdings LLC (NYSE: KFN), Gold Fields Limited (NYSE: GFI) and Amgen Inc. (NASDAQ: AMGN).

Having shipped a record 38 boats for the month of January, Challenger Powerboats, Inc. (OTCBB: CPBI) is at it again with another record month, and investors should be watching this stock closely. Yesterday after the markets closed, the company, a manufacturer of powerboats, tow boats and water-jet powered sport boats, issued a press release announcing that it has shipped a record 48 boats in the month of February 2008.

This more great news for CPBI investors! Challenger CEO Laurie Phillips stated, "Coming on the heels of our record January, we are more than thrilled to report another record month of boat shipments. Our final February count could have been even higher but not for some weather related issues as well as backordered parts in our supply chain. Those particular boats will now be shipped with our March orders."

She added, "It is encouraging to see growth in our jet boat and tow boat categories despite the macro economic environment. We believe that these two categories at the lower end of the market provide us with a solid hedge as recreational boaters are still seeking quality at fair pricing. The jet boat segment is one of the fastest growing sectors in the boating industry and we believe Sugar Sand is a best of breed product. The higher end of the market will be serviced by our new limited edition high performance Challenger-Pininfarina PF 36, where our targeted end user is indiscriminate with regard to pricing in exchange for luxury, power and style. The customer in this demographic may typically own or has owned a Ferrari or Maserati sports car of Pininfarina pedigree.

Last week the company also reported it received an initial 4 boat order and then a follow on 10 boat order from Shawano, WI-based American Marine and Watersports, one of the largest independent boat dealers in the U.S.

Challenger CEO Laurie Phillips stated, "Procuring 'tier one' dealers of American Marine's stature is important to our overall growth strategy given the potential degree of business which exists, upon our execution, delivery and performance to such high volume customers. We look forward to a long and rewarding relationship with them."

With recent news pointing to a significant increase in demand for the company's line of boats, investors are urged to continue to monitor Challenger Powerboats Inc.

The stock closed Thursday at Fifty cents a share.

In case you are not familiar with the company: Challenger Powerboats, Inc. designs and manufactures high performance 'go fast' offshore racing boats, family sport cruisers, jet boats and water ski tow boats under the brands 'Challenger Powerboats', 'Sugar Sand' and 'Gekko', which target the recreational boating market. Proven world-class technology is incorporated into the manufacturing of our award winning boats at the Company's 65,000 sq. ft. facility located on our 12 acre complex in Washington, Missouri and 80,000 sq. ft facility in Fargo, North Dakota. The Company's boats are sold through our dealer network in the United States, Canada, Mexico, Europe, Australia, the Middle East and Japan. In 2006, Gekko was selected as an official tow boat for the World Barefooting Championships, and the European Barefooting Championships in 2005.

KKR Financial Holdings LLC (NYSE: KFN) down 1.4% on 11.8 million shares traded. KKR Financial Holdings LLC is a publicly owned specialty finance company that invests in multiple asset classes. KKR Financial Holdings LLC is externally managed by KKR Financial Advisors LLC. KKR Financial Advisors LLC is an affiliate of Kohlberg Kravis Roberts & Co. L.P.

Gold Fields Limited (NYSE: GFI) up 4.3% on 11.3 million shares traded. Gold Fields Limited is one of the world's largest unhedged producers of gold with attributable production of more than four million ounces per annum from eight operating mines in South Africa, Ghana and Australia.

Amgen Inc. (NASDAQ: AMGN) down 2.2% on 8.9 million shares traded. Amgen discovers, develops and delivers innovative human therapeutics. A biotechnology pioneer since 1980, Amgen was one of the first companies to realize the new science's promise by bringing safe and effective medicines from lab, to manufacturing plant, to patient.

Market Commentary: "Home foreclosures spiked to an all-time high in the final quarter of last year and are likely to continue on rising. In a quarterly snapshot of the mortgage market released Thursday, the Mortgage Bankers Association said the proportion of all mortgages nationwide that fell into foreclosure shot up to a record high of 0.83 percent in the October-to-December quarter. That surpassed the previous high of 0.78 percent set in the prior quarter," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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