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Monthly Archives: October 2008

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The Worst Looks Over At Cal Dive (DVR)

Posted: October 30, 2008 at 9:38 am

Offshore driller Cal Dive International Inc. (NYSE:DVR) reported third quarter earnings after markets closed yesterday. The company announced EPS of $0.44 on revenue of $278.7 million. Analysts had been expecting ...
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Foundry & Brocade, When Less Is Really More (FDRY, BRCD)

Posted: October 30, 2008 at 9:17 am

Brocade Communications Systems Inc. (NASDAQ: BRCD) originally announced an acquisition of Foundry Networks, Inc. (NASDAQ: FDRY) for $18.50 of cash plus 0.0907 shares of Brocade common stock. The deal valued ...
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Exxon & Big Oil Actually Like Low Oil Prices (XOM, RDS.A, MUR)

Posted: October 30, 2008 at 8:31 am

It may be a stretch to say that oil companies actually like lower oil prices, but these oil companies keep posting great earnings even though oil has fallen from north ...
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Clean Energy Tries to Sell Non-Performance (CLNE)

Posted: October 30, 2008 at 8:03 am

Clean Energy Fuels (NASDAQ:CLNE), T. Boone Pickens's public alternative energy company for converting natural gas to auto fuel, reported preliminary third quarter results after the market closed yesterday. There was ...
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Tesoro Emanates Trends of Refiners (TSO)

Posted: October 30, 2008 at 7:57 am

After the market closed yesterday, oil refiner Tesoro (NYSE:TSO) put up some solid good news. For the third quarter, Tesoro's EPS hit $1.86 on net income of $259 million and ...
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Burningmoney

GDP: The Recession Is Upon Us

Posted: October 30, 2008 at 7:44 am

The Commerce Department gave the preliminary U.S. third quarter GDP, and it has come in at levels which finally reflect the recession we have been saying we are in since ...
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T. Boone Pickens Gets Out Of the Market

Posted: October 30, 2008 at 7:13 am

T. Boone Pickens came on CNBC this morning, and he was much more somber than in his prior appearances.  When your fund is said to be down somewhere around $2 ...
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Top Pre-Market Analyst Upgrades (FSLR, JNS, LM, NLC, NBIX, NEM, SPLS)

Posted: October 30, 2008 at 6:44 am

These are some of the top analyst upgrades we are seeing from Wall Street this Thursday morning with about two hours to the open:First Solar (FSLR) Raised to Buy at ...
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Top Pre-Market Analyst Downgrades (ASH, BWA, DSX, EGLE, MGM, PAAS, SONO)

Posted: October 30, 2008 at 6:41 am

These are some of the top analyst downgrades we are seeing from Wall Street this Thursday morning with about two hours to the open:Ashland (ASH) Cut to Neutral at JPMorgan.Borg ...
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Mot

Will Motorola (MOT) Kill Spin-Off Of Handset Business

Posted: October 30, 2008 at 6:24 am

Motorola (MOT) missed a lot of its numbers for the third quarter. Much more important than that it fudged when it might dump its handset unit. The deal was supposed ...
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Ford1

The Car Business Gets Excellent Again (GM)(F)(TM)

Posted: October 30, 2008 at 5:31 am

It has only taken a week for the global auto business to rebound from one of its worst periods in decades. GM (GM) is close to a deal to buy ...
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Angrybear

As World Markets Rally, A Fog Of War Envelops Trading

Posted: October 30, 2008 at 5:11 am

When the stock markets around the world raced down earlier this month, there was some sense to it. The credit and liquidity troubles were real. Corporate earnings became progressively troubled. ...
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The Ghost Of Eliot Ness: Cuomo Fights Bank Bonuses (GS)(C)(MS)(JPM)

Posted: October 30, 2008 at 4:46 am

Wall St. is a den of thieves and NY Attorney General Andrew Cuomo wants to wipe them out on his way to becoming governor like his father was before him. ...
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Banks And The Cowardliness Of Accounting

Posted: October 30, 2008 at 4:23 am

If you don't like the game, change the rules. At least that is what the nation's banks would like to have happen. They are making the case that if accounting ...
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Media Digest 10/30/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: October 30, 2008 at 2:51 am

According to Reuters, investors and banks are in a struggle over whether financial companies should be able to change the way they value assets under accounting rules.Reuters writes that improvements ...
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