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Daily Archives: October 27, 2008

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With Sirius Up 30%, Can Chatter Be True? (SIRI)

Posted: October 27, 2008 at 3:51 pm

Sirius XM Radio (NASDAQ: SIRI) did something rather unusual if you consider its recent downward trend.  Its shares rallied close to 30% today.  Sure, you have to consider how low ...
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The 52-Week Low Club (CCC)(MTL)(ARM)(TSN)(SVNT)

Posted: October 27, 2008 at 2:55 pm

Calgon Carbon (CCC) Outstanding notes convert to common shares. Drives stock to $10.54 from 52-week high of $23.03.Mechel (MTL) Russian coal miner may issue up to 138.8 million preferred shares. ...
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Savient: Jim Cramer’s Old Favorite Biotech Implodes (SVNT)

Posted: October 27, 2008 at 1:48 pm

Savient Pharmaceuticals Inc. (NASDAQ: SVNT) is feeling the wrath of the trading gods today.  Shares are down some 74% at $2.95 in close to 10-times normal trading volume.  The culprit ...
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A Final Peek At Valero Earnings (VLO)

Posted: October 27, 2008 at 1:06 pm

Valero Energy Corp. (NYSE: VLO) is set to report earnings Tuesday morning.  First Call has estimates pegged at $1.46 per share and $36.43 billion in revenue.  Oil companies and refiners ...
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Can Under Armour Outrun The Recession? (UA)

Posted: October 27, 2008 at 12:38 pm

Under Armour, Inc. (NYSE: UA) is set to report earnings on Tuesday around 7:00 AM EST.  The sporting apparel operation is expected to post earnings of $0.50 per share on ...
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Does The National Association Of Realtors Own Washington?

Posted: October 27, 2008 at 12:26 pm

Congress is working overtime to try to pump oxygen into the deflated real estate market, and I've been wondering why for quite some time. If real estate prices fall, a ...
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Dillard’s Under Activist Fire As Management Buys Shares (DDS)

Posted: October 27, 2008 at 11:56 am

Anyone who bought Dillard's Inc. (NYSE: DDS) shares late Friday looking for a bounce caught a break.  The stock is rallying sharply after management bought shares of stock in the ...
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Ups and Downs in the Coal Mines (ACI, FCL, BTU)

Posted: October 27, 2008 at 10:05 am

Arch Coal (NYSE:ACI) reported solid earnings for the third quarter today, but its share price has fallen more than 4% since the market opened this morning. Arch reported EPS of ...
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Thoratec’s Hammering (THOR)

Posted: October 27, 2008 at 9:06 am

Thoratec Corporation (NASDAQ: THOR) is having a rough morning.  The heart failure device company has a product recall it announced last Friday, and medical device recalls are not what the ...
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Monday’s Key Technology Analyst Upgrades (ARBA, JNPR, NFLX, RVBD, SNDK, NT)

Posted: October 27, 2008 at 8:49 am

Some of the analyst upgrades in technology are just a reversal of an extreme negative bias to a cautious or neutral tone, but as you will see below there are ...
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How Does CH Energy Count Its Money? (CHG)

Posted: October 27, 2008 at 8:29 am

Will the last one out the door please turn out the lights? Apparently all of CH Energy Group's (NYSE:CHG) employees are following that advice. The company reported EPS of $0.18 ...
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Boardwalk Pipeline Partners Scores (BWP, L)

Posted: October 27, 2008 at 8:22 am

Boardwalk Pipeline Partners (NYSE:BWP) today announced 2008 third quarter net income of $73.6 million, up 84% from the third quarter of 2007. Nearly 40% of that increase was attributed to ...
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Huntsman & Hexion, One Step Closer to Merger Closing (HUN)

Posted: October 27, 2008 at 8:04 am

If you have followed the old broken and then re-engaged private equity buyout of Huntsman Corporation (NYSE: HUN), then you might feel like you witnessed a "private equity meets the ...
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Second Line Banks Line Up For TARP Bailout Money (FITB, HBAN, KEY, NTRS, WFSL)

Posted: October 27, 2008 at 7:32 am

This is one of the first rounds of the regional banks formally getting in line and formally receiving approval to participate in the $700 billion government TARP bailout package.  Prior ...
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Verizon (VZ) Has A Good Time

Posted: October 27, 2008 at 6:56 am

Verizon (VZ) is doing just fine, recession or no. Its earning moved up 31% in Q3. Whether it can keep that up is a matter of opinion but at least ...
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