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Daily Archives: June 6, 2008

Analyst: Nortel At $23.00… Gutsy or Crazy? (NT)

Posted: June 6, 2008 at 2:58 pm

A Canadian boutique firm called Paradigm Capital Inc. issued a rather extremely bold call on Nortel Networks Inc. (NYSE: NT) this morning.  Paradigm noted how unusually low the valuation is ...
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The 52-Week Low Club (GM)(AIG)(BAC)(NCC)(WM)

Posted: June 6, 2008 at 2:48 pm

Washington Mutual (WM) More banking concerns. Hammered to $7.12 from 52-week high of $44.19.Bank of America (BAC) Death to all bank stocks. Sees $30.56 from 52-week high of $52.96.National City ...
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S&P Lifts Mosaic To Investment Grade (MOS)

Posted: June 6, 2008 at 1:09 pm

The Mosaic Co. (NYSE: MOS) has just received an Investment Grade rating from independent ratings agency Standard & Poor's Ratings Services.  The bond rating service has raised its corporate credit ...
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FTC Investigation on Intel No Help Yet for AMD (INTC, AMD)

Posted: June 6, 2008 at 11:20 am

Intel Corporation (NASDAQ: INTC) has issued a response to the issuance of a subpoena from the Federal Trade Commission in the US.The processor and chip giant noted that it was ...
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FTC Rains Antitrust On Intel (INTC)

Posted: June 6, 2008 at 11:10 am

Intel (INTC) is already the target of several antitrust actions. Now the FTC wants on the wagon.According to The New York Times "The investigation into accusations that Intel’s pricing policies ...
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Stock Buybacks This Week (TROW, TECD, TRI, CTS)

Posted: June 6, 2008 at 10:58 am

This week was pretty light in the week of share repurchase announcements, and most of these were mere add-on buybacks to existing plans.  Here are some of the plan additions ...
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Oil Stocks Not Following Oil (XOM, CVX, COP)

Posted: June 6, 2008 at 10:27 am

Oil on last look was up huge at $134.36 per barrel, up $6.58 from yesterday's gains in what is one of the larger two-day moves in recent trading.  Israel's transportation ...
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OGE Energy Files For Debt Sale (OGE)

Posted: June 6, 2008 at 8:26 am

OGE Energy Corp. (NYSE: OGE) has filed with the SEC for its Oklahoma Gas and Electric unit to sell up to $700 million in senior notes.The filing says the company ...
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BGC Partners Prices Secondary (BGCP)

Posted: June 6, 2008 at 7:32 am

BGC Partners, Inc. (NASDAQ: BGCP) priced its public secondary offering of 820 million shares at $8.00 per share.  According to the company, 10,000,000 of these are primary shares, 3,926,178 of ...
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The Train Wreck At Gatehouse Media (GHS)(MNI)(GCI)

Posted: June 6, 2008 at 7:31 am

The next newspaper company to get into real trouble is likely to be Gatehouse Media (GHS). The firm is in bad enough shape that it could be the next Journal ...
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Trina Solar Beats, Fails To Please (TSL)

Posted: June 6, 2008 at 7:13 am

Trina Solar Limited (NYSE: TSL) has just posted its quarterly earnings report.  The solar player posted net revenues increased to $120.7 million, up 183.6% year-over-year and 19.0% sequentially; while net ...
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IPO FILING: Acclarent

Posted: June 6, 2008 at 6:59 am

A company called Acclarent, Inc. has filed to come public via an IPO of up to $86.25 million in common stock.  The company hasn't selected an exchange or ticker, but ...
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PrivateBancorp Juices Up Secondary Offering (PVTB)

Posted: June 6, 2008 at 6:41 am

PrivateBancorp, Inc. (NASDAQ: PVTB) has announced that it increased the size of its secondary offering to a proposed 4 million shares and it priced the secondary offering at $34.00 per ...
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Top 10 Pre-Market Analyst Calls (BBY, CLMS, FDRY, GHL, HUGH, JEF, LM, MCK, MXB, PNRA)

Posted: June 6, 2008 at 6:29 am

These are ten of the analyst calls we are focusing on this Friday morning:Best Buy (NYSE: BBY) Cut to Hold from Buy at Deutsche Bank.Calamos Asset Management (NASDAQ: CLMS) Cut ...
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UBS Cuts Communication Towers (AMT, CCI)

Posted: June 6, 2008 at 6:19 am

UBS has downgraded the US communications towers sector this morning, in a similar move seen just two days ago from RBC Capital.  The firm has downgraded Crown Castle (NYSE: CCI) ...
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