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Daily Archives: July 31, 2008

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Greenspan’s Recession Odds: Tales From Crypt Keeper (FNM, FRE)

Posted: July 31, 2008 at 4:00 pm

Today before the close of the market, former Fed-Head Alan Greenspan participated in an interview on CNBC with Maria Bartoromo.  The good news is that he's no longer hard to ...
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lululemon Files Share Registration For Canadians (LULU)

Posted: July 31, 2008 at 3:27 pm

lululemon athletica (NASDAQ: LULU) has just come out and filed to sell up to more than 20.9 million shares in a secondary offering.  The company says that it may issue ...
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The 52-Week Low Club 7/31/2008 (DLX)(UMC)(BA)(AKAM)(HOLX)(BARE)

Posted: July 31, 2008 at 3:02 pm

Deluxe Corporation (DLX)  Drops 2008 outlook and pays the price. Falls to $14 from 52-week high of $40.86.United Microelectronics (UMC) Fails with weak results and analyst upgrade. Sells off to ...
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Newspapers Continue To Suck Wind (GCI)(NYT)(MNI)(CVC)NWS)

Posted: July 31, 2008 at 2:11 pm

Just when you think that the newspaper business could not get any more depressing along comes a report that Advance Publications Inc. will sell the Newark Star-Ledger, New Jersey's biggest ...
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WIND POWER IPO FILING: First Wind Holdings (WNDY)

Posted: July 31, 2008 at 2:07 pm

We've just seen a filing for an initial public offering from First Wind Holdings Inc., which  looks actually to be a holding company that owns class A and class B ...
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Big Activist Stake Send WaMu Soaring (WM)

Posted: July 31, 2008 at 1:51 pm

We are seeing a substantial move in shares of Washington Mutual, Inc. (NYSE: WM).  British Activist fund Toscafund Asset Management LLP  has disclosed in an SEC Filing that it has ...
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Aventine Renewable Braces For Earnings (AVR)

Posted: July 31, 2008 at 12:12 pm

Aventine Renewable Energy Holdings, Inc (NYSE: AVR) is set to report earnings after today's close.  First Call has estimates pegged at $0.13 EPS on $611.6 million in revenues.  If it ...
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Hummers and Hindu Cows? (GM, F, TTM)

Posted: July 31, 2008 at 10:42 am

If we told you General Motors (NYSE: GM) was having troubles and needs to trim bad brands (and more workers), you'd accuse us of working for for the government's Department ...
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Gold Miners Deliver July Coal for Christmas (ABX, GG)

Posted: July 31, 2008 at 8:56 am

So much for high gold prices translating to earnings.  Barrick Gold Corp. (NYSE:ABX) and Goldcorp Inc. (NYSE:GG) both reported second quarter numbers before market open today, and both reports were ...
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Q2 GDP: The Recession Without A Recession

Posted: July 31, 2008 at 8:27 am

Today's "OFFICIAL" Gross Domestic Product (GDP), or GNP for those of us old school guys, is somehow managing to hang in there.  Today's official Q2 preliminary GDP from the Commerce ...
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Black Gold Drives Exxon (XOM)

Posted: July 31, 2008 at 7:29 am

Exxon-Mobil (XOM) has proven once again that while the rest of the economy is in rags, big oil mints money. And, that is the way it should be. No one ...
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Icahn, ImClone, Bristol-Myers… A 3-Way Marriage (IMCL, BMY)

Posted: July 31, 2008 at 6:59 am

Another biotech giant is biting the dust via a buyout offer.  ImClone Systems Inc. (NASDAQ: IMCL) has been given a buyout offer from Bristol-Myers (NYSE: BMY) at $60.00 per share.As ...
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Top Pre-Market Analyst Downgrades (AKAM, AVP, CPKI, CBG, FDX, GGP, HOLX, JLL, TIN, THQI, TBL, TROW, USNA)

Posted: July 31, 2008 at 6:31 am

These are the early bird Downgrades and negative calls from analysts we are seeing this Thursday morning:Akamai (AKAM) Cut to Market Perform at FBR.Avon (AVP) Cut to Hold at Deutsche ...
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GM (GM) Turns From Downsizing To Panic

Posted: July 31, 2008 at 5:32 am

GM (GM) has developed the pattern of matching bad news with more bad news. Since the company does still have some bright spots, it may want to balance its public ...
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Deutsche Bank (DB) Follows Merrill Lynch (MER) To Signal Crisis Redux

Posted: July 31, 2008 at 5:07 am

"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all ...
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