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Monthly Archives: March 2008

Fremont General Teeters (FMT)

Posted: March 28, 2008 at 8:26 am

Fremont General Corporation (NYSE: FMT) has received a regulatory letter from the Federal Deposit Insurance Corporation, of the FDIC, with an order to recapitalize itself.Fremont does business primarily through its ...
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J C Penney Slashes Guidance (JCP, DDS, M)

Posted: March 28, 2008 at 7:39 am

J. C. Penney Company, Inc. (NYSE:JCP) has just revised its sales and earnings guidance for the first quarter.  Of course it is to the downside.  The guidance reflects incremental weakness ...
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Chesapeake Energy Secondary Priced At Slight Discount (CHK)

Posted: March 28, 2008 at 7:27 am

Chesapeake Energy Corporation (NYSE: CHK) has priced a public secondary offering of 20 million shares of common stock at $45.75 per share.  Before any overallotments and before fees, the net ...
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Maguire Properties Can’t Find a Buyer (MPG)

Posted: March 28, 2008 at 7:14 am

Maguire Properties (NYSE: MPG) announced that it is finalizing its review of strategic alternatives for preserving and enhancing value for stockholders.  The review no longer includes an active pursuit of ...
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Top 10 Pre-Market Analyst Calls (AIV, BBBY, DVA, LEH, MCD, OPLK, PERY, HOT, TLAB, WLP)

Posted: March 28, 2008 at 6:54 am

These are the top analyst calls we are looking at this Friday morning:Apartment Investment (NYSE: AIV) Cut To Neutral From Buy at UBS.Bed Bath & Beyond (NASDAQ: BBBY) Cut To ...
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Henry M. Paulson, Jr. For President

Posted: March 28, 2008 at 5:39 am

In 1968, there was a sad little man on the popular TV show "Laugh In" who ran for president. His name was Pat Paulsen. He probably did not get any ...
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Europe Markets 3/28/2009 (BHP)(SAP)(STM)

Posted: March 28, 2008 at 5:19 am

Markets in Europe were slightly higher at 6.10 AM New York time.The FTSE rose .2% to 5,730. BHP Billiton (BHP) was up 1.9% to 1501. British Airways was off 3.3% ...
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The “Two Catastrophe” Rule Of Oil Prices: A Move To $120

Posted: March 28, 2008 at 5:13 am

There was a great deal of hope expressed as oil moved back to $100 last week. It is laughable that people would be excited about $100 oil, but crude had ...
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Auction-Rate Problems Hit Corporate America Harder

Posted: March 28, 2008 at 4:59 am

It is only a matter of time before some big American companies sue the banks and brokerages that ran the auction-rate markets. Their case will be that, in a market ...
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Fannie Mae (FNM) And Freddie Mac (FRE) May Need $20 Billion

Posted: March 28, 2008 at 4:45 am

Part of the plan to fix the mortgage crisis is for Fannie Mae (FNM) and Freddie Mac (FRE) to buy more debt securities. To do that, they will need more ...
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Bank Of America (BAC) Slips Countrywide (CFC) President $28 Million

Posted: March 28, 2008 at 4:31 am

Countrywide NYSE: CFC) chief operating officer David Sambol cannot get a job as a garbage man. He is viewed as being too closely tied to policies whereby his company made ...
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Media Digest 3/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: March 28, 2008 at 2:53 am

According to Reuters, Bank of America (BAC) will pay the president of Countrywide (CFC) $28 million to stay and run the company after the buy-out is complete.Reuters writes that the ...
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Asia Markets 3/28/2008 Shanghai Up 4.9%

Posted: March 28, 2008 at 2:30 am

Markets in Asia were higher.The Nikkei moved up 1.7% to 13,820. KDDI was up 2.6% to 639000. Toyota (TM) was up 2.5% to 5240.The Hang Seng was up 2.1% to ...
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“QUANTS GONE WILD” – THE SUBPRIME CRISIS

Posted: March 27, 2008 at 7:51 pm

Commentary by A.W. Bodine and C.J. Nagel, faculty at Concordia College–New YorkMarch 26, 2008  With world markets off 20%, Bear Stearns imploding and public companies having lost US$5 trillion in ...
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Bear Stearns (BSC): James Cayne Does Something Right For Once

Posted: March 27, 2008 at 5:39 pm

James Cayne, chairman and, before he was asked to leave, CEO of Bear Stearns (NYSE: BSC) sold all of his holdings in the firm for $61 million, according to filings ...
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