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Monthly Archives: February 2008

Ambac (ABK) Keeps Aaa Rating, Cuts Dividend

Posted: February 29, 2008 at 5:41 pm

Ambac (NYSE: ABK) was able to keep its Moody's Aaa rating, In the process it had to cut its dividend from $.07 to .01. The bond insurance company said it ...
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Black Day For Boeing (BA)

Posted: February 29, 2008 at 4:29 pm

Boeing (NYSE: BA) and its stockholders were counting on getting the US military contract to build new refueling tankers. The deal is worth $40 billion, and Boeing is the incumbent.Things ...
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The 52-Week Low Club (FMT)(RHD)(S)(JRC)(LLNW)(IACI)

Posted: February 29, 2008 at 4:13 pm

Fremont General (FMT) Threatens more write-downs. Falls to $.73 from 52-week high of $13.80.R H Donnelley  (RHD) Downgrades after poor earnings. Hits bottom of $6.26 from 52-week high of $84.49.MF ...
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Applera & Celera Separation, For Real This Time (ABI, CRA)

Posted: February 29, 2008 at 3:15 pm

Applera Corporation had an SEC Filing today saying its Board of Directors has authorized management to pursue a possible separation of the Celera Group (NYSE:CRA) from Applera. The completion of ...
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Sirius & XM Extend Merger Dates (SIRI, XMSR)

Posted: February 29, 2008 at 2:02 pm

Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) hav extended their merger agreement to May 1, 2008.  As a reminder, Jim Cramer recently called out all the ...
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Federated Vulturing Into Mortgages Via IPO (FII, PNT)

Posted: February 29, 2008 at 1:46 pm

Point Asset Management, Inc. has filed to sell up to $250 million in an initial public offering and it will trade on the New York Stock Exchange under the symbol ...
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comScore Clarifies Its Google Click Comments (GOOG)

Posted: February 29, 2008 at 1:12 pm

Google (NASDAQ: GOOG) is seeing a stock recovery after comScore (NASDAQ: SCOR) put out a clarification on its blog today.  We received an email from comScore a short while ago ...
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Moody’s Signals It Should Cut Ambac, But Isn’t Cutting It (ABK)

Posted: February 29, 2008 at 1:02 pm

Moody's is affirming the current ratings and capital ratios at Ambac Financial Group, Inc. (NYSE: ABK), although there is not a downgrade being issued.  Moody's has noted that Ambac's capital ...
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International Brands Management SPAC IPO Changes Terms (IBL.U, IBL)

Posted: February 29, 2008 at 12:10 pm

International Brands Management Group, a SPAC, or special purpose acquisition company, has amended its IPO again.  It is set to trade under the ticker "IBL.U" on the American Stock Exchange.The ...
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SPAC IPO Competition To Heat Up: AMEX vs. NASDAQ (NDAQ, NYX)

Posted: February 29, 2008 at 11:48 am

It looks like the American Stock Exchange, and ultimately the New York Stock Exchange (NYSE: NYX) after the two merge, is going to get some competition for all of the ...
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Consumer Sentiment Dies

Posted: February 29, 2008 at 11:42 am

Consumer sentiment hit a 16-year low this month. According to Reuters "The Reuters/University of Michigan Surveys of Consumers said its main index of consumer sentiment fell to a 16-year low ...
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Goldman Sachs Bets Against Risky Financials (WM, MER, LEH, WB, NCC, FRE, FNM)

Posted: February 29, 2008 at 8:52 am

This morning we have another negative note out of Goldman Sachs calling for investors to be long volatility in financial stocks where the options prices are reasonable in companies that ...
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Assured Guaranty Scores One From Wilbur Ross (AGO, MBI, ABK)

Posted: February 29, 2008 at 8:23 am

Assured Guaranty Ltd. (NYSE: AGO) may not be the largest household name for a bond insurer or financial guarantor when you consider the woes of Ambac Financial (NYSE: ABK) and ...
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The CarMax Hurdle (KMX, BRK.A)

Posted: February 29, 2008 at 7:53 am

This morning, Business Week in its "INSIDE WALL STREET" section has featured CarMax (NYSE: KMX) positively, mainly noting that Warren Buffett's Berkshire Hathaway (NYSE: BRK/A) raised his stake by another ...
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Ambac (ABK) Shares Crash On Rescue Trouble

Posted: February 29, 2008 at 7:45 am

CNBC is reporting that ratings agencies want Ambac (NYSE: ABK) to raise more capital than it originally planned if it is to keep its credit rating.The shares are off 7% ...
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