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Daily Archives: June 18, 2008

Huntsman Merger Gets An Acid Bath (HUN)

Posted: June 18, 2008 at 5:01 pm

If you thought that the mid-single digit billion dollar mergers were safe from being terminated, think again.  Huntsman Corp. (NYSE: HUN) is being destroyed in after-hours trading after Hexion Specialty ...
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Evergreen Solar Signs Major Green Contract (ESLR)

Posted: June 18, 2008 at 4:05 pm

Evergreen Solar, Inc. (Nasdaq: ESLR) has rewarded its investors with the announcement that it has signed two new long-term sales contracts valued at approximately $600 million.  The agreements are with ...
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When Defensive Stocks Fail Too (PEP, KO, BUD, TAP, KFT, CAG, CPB, HRL, MCD, MO, PG, CL, MRK, JNJ)

Posted: June 18, 2008 at 3:38 pm

It used to be that DEFENSIVE STOCKS were the way to go during periods of uncertainty and during times of market sell-offs.  But now that isn't even working out.  After ...
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The 52-Week Low Club (RF)(STI)(TSO)(VSE)(FITB)

Posted: June 18, 2008 at 2:48 pm

Regions Financial  (RF) Another beating for bank stocks. Down to $10.75 from 52-week high of $34.60.SunTrust Banks (STI) More regional bank pain. Drops to $$35.95 from 52-week high of $90.90.Tesoro ...
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Wind ETF Launch: First Trust ISE Global Wind Energy ETF (FAN)

Posted: June 18, 2008 at 2:39 pm

There was an interesting ETF launched today on the NYSE Euronext as a Wind Energy ETF.  The First Trust ISE Global Wind Energy ETF (NYSE Arca: FAN) launched today.  This ...
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Dismal IPO Debuts: Britannia Bulk & RHI Entertainment (DWT, RHIE)

Posted: June 18, 2008 at 12:48 pm

Today's IPO activity resembles on of two things: 1) summer isn't a good time to come pblic, or 2) teh IPO just stinks right now.  We had two separate IPO's ...
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Open Letter To Michael Reed, CEO, Gatehouse Media (GHS)

Posted: June 18, 2008 at 12:00 pm

Dear Mr. Reed,It is time to eliminate the Gatehouse (GHS) dividend. With the company's stock at a 52-week low, and down 86% from the period high, Wall St. does not ...
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Bank Crisis Only 33% Over (C)(BAC)(UBS)

Posted: June 18, 2008 at 11:45 am

Wall St. almost always takes the public proclamations of hedge funds and short sellers with a grain of salt. But, some of the recent negative comments about Lehman Bros. may ...
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Lindsay Sell-Off Hits Valmont Unusually Hard (LNN, VMI)

Posted: June 18, 2008 at 10:29 am

Lindsay Corporation (NYSE: LNN) is seeing a severe reaction to its earnings report this morning.  In fact, the fallout is hitting competitors rather hard as well.  We first noticed this ...
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GM (GM) Chapter 11 Odds Moving Up To 25-To-1

Posted: June 18, 2008 at 9:06 am

Last week, 24/7 Wall St. listed GM's (GM) odds of filing Chapter 11 between now and the end of the year at 30 to 1. Wall St. seems to think ...
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AMR Fuel & Cash Guidance of Little Help (AMR)

Posted: June 18, 2008 at 8:38 am

AMR Corp. (NYSE: AMR) has come out with many projections today in a filing.  The company is out at the Merrill Lynch Global Transportation Conference.Second quarter mainline unit revenue is ...
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Record Industry Dying, Digital Thriving: No News Here

Posted: June 18, 2008 at 8:11 am

PricewaterhouseCoopers released it annual media forecast, and perhaps they should have saved their money. Anyone could have guessed the results.According to Reuters, the report says "advertising tied to the burgeoning ...
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Panera Mixed Guidance Scored A Win (PNRA)

Posted: June 18, 2008 at 7:51 am

Panera Bread Company (NASDAQ: PNRA) is issuing some mixed guidance this morning, although shares are reacting favorably to the news.  The company is increasing its second quarter 2008 earnings per ...
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New York Times (NYT) Revenue Down, Internet Weak

Posted: June 18, 2008 at 7:50 am

May ad revenue for The New York Times Company (NYT) was off almost 13%. The company's properties in Boston, including the Globe had a 17.7% advertising fall-off.Internet revenue for the ...
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FedEx Pretends The World Is A Vacuum (FDX, UPS)

Posted: June 18, 2008 at 7:23 am

The original headlines are showing the huge losses at FedEx Corp. (NYSE: FDX), but this is actually because of charges over at Kinko's as its reverts to the full FedEx ...
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