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Daily Archives: October 1, 2008

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EA Learns Lesson of Hot Development Turned Failure (ERTS)

Posted: October 1, 2008 at 6:43 pm

Electronic Arts Inc. (NASDAQ: ERTS) shares poor performance stood out even on a down day.  It has worked on a game since late 2006 or early 2007 called Tiberium.  This ...
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Encore Files Large Shelf Registration (ENP, EAC)

Posted: October 1, 2008 at 4:44 pm

Encore Energy Partners LP (NYSE: ENP) has filed a shelf registration to sell up to $1,000,000,000.00 in securities for its units.  It will sell common units representing limited partner interests ...
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52-Week High Bear Market Surprises (JPM, CPB, CBSH, FFH, THS)

Posted: October 1, 2008 at 4:26 pm

The 52-week lows are full and full of stocks each day lately.  In a bear market it gets harder and harder to find stocks which are on their 52-week highs.  ...
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Micron Earnings Show A Turnaround That Can’t Turn (MU)

Posted: October 1, 2008 at 3:30 pm

Micron Technology, Inc., (NYSE:MU) showed a fourth quarter net loss of $344 million, or $0.45 EPS, on net sales of $1.45 billion. These results include a non-cash charge to cost ...
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The 52-Week Low Club 10/1/1008 (GNTX)(SLM)(ATU)(XTXI)

Posted: October 1, 2008 at 2:40 pm

Crosstex Energy (XTXI) Downgraded by Goldman. Drops to $19.92 from 52-week high of $40.39.Gentex Corportion (GNTX) Cuts revenue outlook, downgraded by Baird. Drops to $12.36 from 52-week high of $22.60.SLM ...
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GM (GM) Better Than Expected

Posted: October 1, 2008 at 1:20 pm

General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year.Car sales fell 10% to just over 118,000. Light trucks were off 19%.Cadillac did ...
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GE Raises Liquidity With Buffett & Public Offering (GE, BRK-A, GS)

Posted: October 1, 2008 at 1:10 pm

General Electric Co. (NYSE: GE) is coming out swinging to halt the offensive rumors and credit concerns that have been hindering its stock.  The company made two key announcements to ...
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Possible Digital Cinema Financing Winners (BX, JPM, AIXD)

Posted: October 1, 2008 at 12:45 pm

Despite the realm of uncertainties we all face, there is one sector which has survived through the good times and bad times of the last century: movies.  Movies haven't even ...
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HP’s Virtualization Expansion (HPQ, VMW, MSFT, CTXS)

Posted: October 1, 2008 at 11:19 am

Hewlett-Packard (NYSE: HPQ) is acquiring LeftHand Networks Inc., a move that takes the company further into hardware for virtualization.  LeftHand provides storage virtualization and iSCSI storage area network solutions to ...
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Ford (F) September Sales: It Couldn’t Get Much Worse

Posted: October 1, 2008 at 11:13 am

Ford (F) has an atrocious September. The car company reported total sales of 116,734, down 34 percent versus a year ago. Volvo sales were off over 50%.Overall Ford brand SUV ...
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Despite Turbulent Times, Disk & Storage Drives A Cheap Port O’ Call (WDC, STX)

Posted: October 1, 2008 at 10:51 am

This last weekend we began screening for technology stocks with extremely low P/E multiples which are still showing growth.  The two giant independent disk drive and hard drive data storage ...
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Will GE (GE) Revise Guidance?

Posted: October 1, 2008 at 10:34 am

GE (GE) recently revised its guidance. For the the third quarter it moved its estimates to a range of $.43 to $.48 per share from the previous figures of $.50 ...
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New Major Gas Pipeline From Fayetteville Heads North (KMP, ETP, SWN, CHK, BP)

Posted: October 1, 2008 at 10:13 am

Kinder Morgan Energy Partners (NYSE:KMP) and Energy Transfer Partners (NYSE:ETP) are teaming up again, this time on a joint venture to move up to 2 billion cubic feet of natural ...
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Boston Scientific (BSX) Slaughters It Shareholders Again

Posted: October 1, 2008 at 9:52 am

The list of management screw-ups at Boston Scientific (BSX) is almost too long to number. It bought rival Guidant and added $7 billion in debt in the process. Some of ...
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A Revival At Level 3 (LVLT)?

Posted: October 1, 2008 at 9:31 am

Level 3 Communications (LVLT) has done remarkably well this year since it is viewed as a company with only modest growth and positive cash flow prospects. The stock price is ...
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