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Daily Archives: November 25, 2008

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It’s Official: DRAM, The World’s Worst Commodity Business (MU)

Posted: November 25, 2008 at 8:50 am

The reports out of DRAMexchange are showing some good trends and some bad trends.  The good trend is that every day DRAM and computing power is getting cheaper and ...
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BHP, Rio Tinto: The Deal is Still Dead (BHP, RTP)

Posted: November 25, 2008 at 8:07 am

We've already conducted the post-mortem on the failed bid by Australia's BHP Billiton (NYSE:BHP) for Britain's Rio Tinto (NYSE:RTP). There are just a couple of details worth noting. (more...) ...
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VeraSun: Who is that White Knight? (VSUNQ, CHSCP)

Posted: November 25, 2008 at 7:59 am

Ethanol maker VeraSun (VSUNQ) is currently in Chapter 11, and is spreading the suffering to growers because it has stopped buying feedstock (corn) that it can't pay for.  But never ...
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Top Pre-Market Analyst Upgrades (AWK, BDK, ERII, FRED, LEN, PSA, WMT)

Posted: November 25, 2008 at 7:55 am

These are some of the positive analyst calls and upgrades we are seeing early this Tuesday morning:American Water Works (AWK) Started as Buy at Societe General.Black & Decker (BDK) Raised ...
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Top Pre-Market Analyst Downgrades (DDR, FII, LM, PIR, SPLS, ULTA, WFMI)

Posted: November 25, 2008 at 7:51 am

These are some of the top downgrades and negative calls we are seeing from Wall Street analysts this Tuesday morning:Developers Diversified (DDR) Cut to Neutral at Goldman Sachs.Federated Investors (FII) ...
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Why Banks Lie: Because They Don’t Have An Answer (C)(BAC)(WFC)(JPM)(MS)(GS)(MER)

Posted: November 25, 2008 at 6:11 am

It was just this last summer that the heads of Merrill Lynch (MER), Lehman, and Morgan Stanley (MS) said the financial crisis had peaked and its energy was dissipating. It ...
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Treasury

Paulson’s New Program: Giving People Money They Can’t Afford To Spend

Posted: November 25, 2008 at 5:50 am

The news is as old as the Magna Carta. The consumer is broke. He does not have a dime. He is out of work. He is defaulting on his home ...
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Google (GOOG): Web 1.0 Dies Without A Replacement

Posted: November 25, 2008 at 5:28 am

Google's (GOOG) obscene five years of hyper-growth may be coming to an end. So far, the evidence of that in only anecdotal. Here and there advertisers are saying that the ...
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The BHP (BHP) Deal For Rio Tinto (RTP): The Coroner’s Inquest

Posted: November 25, 2008 at 5:11 am

The BHP Billiton (BHP) offer to buy fellow mining company Rio Tinto (RTP) was one of the largest M&A deals in the known universe. At $62 billio,  it was colossal. ...
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Media Digest 11/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 25, 2008 at 3:51 am

According to MarketWatch, shares in Rio Tinto (RTP) dropped 40% after BHP Billiton (BHP) dropped its offer for the company.According to Reuters, Citigroup's (C) assurances that it did not need ...
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Asia Markets And Europe Open 11/25/2008

Posted: November 25, 2008 at 3:19 am

Markets in Asia were mostly higher after a rally in the US.The Nikkei was up 5.2% to 8,324. Canon and Honda (HMC) both rose.The Hang Seng was up 3% to ...
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