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Daily Archives: November 11, 2008

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Worst Corporate Press Release Of The Day: Harold’s

Posted: November 11, 2008 at 5:51 pm

For the management that drove its company into Chapter 11, there is always the option of telling as many people as possible: Harold's, an 18-state chain of traditional, classic ...
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MercadoLibre Trying To Catch Up (MELI)

Posted: November 11, 2008 at 4:47 pm

MercadoLibre, Inc. (NASDAQ: MELI) may have fallen a long ways from back when Jim Cramer called this one his favorite tech calls from Latin America, but the company is up ...
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The 52-Week Low Club (DRYS)(FMCN)(GM)(S)(C)(TSN)(GNW)(GGP)

Posted: November 11, 2008 at 3:55 pm

General Growth Properties (GGP) Concerns about bankruptcy. Falls to $.33 from 52-week high of $51.24.Genworth (GNW) Moody's downgrade causes shares to plunge to $1.19 from 52-week high of $28.21.Tyson Foods ...
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Institutional Broker Defends Goldman Sachs (GS)

Posted: November 11, 2008 at 3:22 pm

Sandler O'Neill is an institutional brokerage firm that many individual investors have not ever heard of, yet it has been around for roughly 20 years.  It also does business in ...
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A Contrarian View On GM (GM), And A Bad One

Posted: November 11, 2008 at 2:53 pm

JPMorgan likes GM's (GM) bonds. On the surface what is not to like?According to Reuters, "GM's benchmark 8.375 percent bond due 2033 has dropped to 25.75 cents on the ...
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Government To Offer Major Changes To Some Mortgages, Unemployment Becomes The Enemy

Posted: November 11, 2008 at 2:42 pm

In a move that could create a bottom for the housing market by the middle of next year, the government is taking unprecedented steps to keep people in their homes."We ...
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Huffington, Politico, Slate: Big Post-Election Audience Drop Begins

Posted: November 11, 2008 at 1:34 pm

The drop-off in traffic to political websites now that the election is over has begun in force. According to figures provided to 24/7 Wall St. by online audience measurement firm ...
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Caesar Shows Thumb Down on Las Vegas Sands (LVS)

Posted: November 11, 2008 at 12:59 pm

Las Vegas Sands Corp. (NYSE: LVS) has just re-opened for trading after being halted all day.  After the news today it is of little surprise that the stock is being ...
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Merrill Lynch (MER) CEO Slips Blame By Calling Current Environment Similar To Depression

Posted: November 11, 2008 at 12:26 pm

John Thain of Merrill Lynch (MER) spent most of his time at the financial firm saying that the markets would improve as would the fortunes of his company. He was ...
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Time to Pull the Plug on General Motors (GM)

Posted: November 11, 2008 at 12:16 pm

By John Tamny  of RealClearMarketsLudwig Von Mises once wrote that the entrepreneur who fails to use his capital to the "best possible satisfaction of consumers" is "relegated to a place ...
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Drug-Eluting Stent Data Shows More Promise (BSX, ANPI, JNJ, SRDX, MDT, ABT)

Posted: November 11, 2008 at 12:01 pm

The Massachusetts Department of Public Health funded a study which is showing further evidence to support the use of drug eluting stents over bare metal stents in heart attack patients.  ...
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Fannie Mae And Freddie Mac: Cases For And Against Housing Recovery

Posted: November 11, 2008 at 11:11 am

The head of Toll Brothers (TOL) said the housing market could not get worse, but it has anyway. People were not even bothering to come and see the homes his ...
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One Solar Stock Stays Ahead of the Pack (ENER, JASO, FSLR, SPWRB, CY)

Posted: November 11, 2008 at 11:02 am

One year ago, the share price for Energy Conversion Devices (NASDAQ:ENER) was $29.31. Shares rose to a 52-week high of $83.33, closing yesterday at $38.04. That's off 52% from the ...
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Las Vegas Sands Gets A Lifeline (LVS)

Posted: November 11, 2008 at 10:10 am

Las Vegas Sands Corp. (NYSE: LVS) initially showed up on our day trader alerts this morning as one of the Macau casino movers.  But right before the open Las Vegas ...
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Chesapeake Energy: Still Raising Cash (BP, CHK, STO, PXP)

Posted: November 11, 2008 at 9:50 am

If BP plc (NYSE:BP) plans to buy Chesapeake Energy (NYSE:CHK) as the rumor mill has suggested, it had better hurry up while there's still something left. Early this morning, Chesapeake ...
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