Daily Report May 26

Expect a lower opening this morning on the Dow. Lots of events happening from North Korea to


KBLB should make a move this morning.

To get the 9 for 1 stock dividend. April 27th was the dividend date of record for paper cert dividends, but May 27th is last day to get the dividend via DTC or electronic shares. You will receive dividend shares on May 28th for all holdings at end of day on May 27th.

Market Consensus Before Announcement
The Conference Board's consumer confidence index moved up from near historic lows in April to 39.2 from 26.9 in March. Most imporoved was in the expectations component which jumped nearly 20 points to 49.5, suggesting that consumers see better times ahead.

BXWD is doing a name change stay tuned.

Shermen WSC Acquisition Corp. is working out arrangements to buy shares from investors intending to vote against its merger with Westway Group, a subsidiary of ED&F Man Holdings Ltd.

The SPAC is holding a vote May 26, its merger deadline. Shermen needs at least 60% of its shareholders to approve the deal.

According to a Securities and Exchange Commission filing yesterday, Shermen will either buy shares immediately after the merger's close in exchange for yes votes, or entice current or potential shareholders to vote yes by offering up a portion of the sponsor's insider shares.

Any share purchases will be made with cash currently held in trust or a $100 million credit facility that Shermen obtained from ED&F Man.