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Monthly Archives: November 2008

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Saks (SKS): A Poison Pill For A Dying Company

Posted: November 27, 2008 at 8:18 am

Saks (SKS), which was up until recently one of the world's premier brands for high-end shoppers, has voted itself a "poison pill". The purpose of this may be to block ...
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Media Digest 11/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: November 27, 2008 at 6:26 am

According to Reuters, markets in Asia and Europe ross about 2%Reuters reports that the downturn in the Chinese economy deepened.Reuters reports that BHP Billiton (BHP) was gloomy about its prospects ...
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The Black Friday Ten: Retailers Who May Not See 2009 (BONT)(DDS)(TLB)(PIR)(CPWM)(WSM)(CHS)(SKS)(EBHI)(RAD)

Posted: November 26, 2008 at 5:57 pm

A year ago, not many people would have thought Circuit City would be in bankruptcy now. Linens 'n Things, Mervyn's, Whitehall Jewelers and Steve & Barry's have either shut down ...
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Petroleum Development Corporation Files To Raise Cash (PETD)

Posted: November 26, 2008 at 4:51 pm

Petroleum Development Corporation (NASDAQ: PETD) has just filed a mixed shelf registration with the SEC to allow it to sell securities to raise capital.  The securities listed are any combination ...
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Youbet.com Files To Raise Cash (UBET)

Posted: November 26, 2008 at 4:39 pm

YouBet.com Inc. (NASDAQ: UBET) has just filed a mixed shelf registration with the SEC to allow it to sell securities to raise capital.  The securities listed are any combination of ...
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Unisys Corporation Files To Raise Cash (UIS)

Posted: November 26, 2008 at 3:57 pm

Unisys Corporation (NYSE: UIS) has filed to sell up to $660 million in a mixed securities shelf.  The securities listed are any combination of debt securities, common stock, preferred Stock, ...
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India ETF’s & Funds Hold Up After Terror Attacks in Mumbai (PIN, EPI, IIF, IFN, INP)

Posted: November 26, 2008 at 3:26 pm

Fresh terrorist attacks targeted against foreigners in Mumbai, India have failed to thwart a market rally today.  Reports have foreigners being taken hostage at premiere hotels frequented by the wealthy ...
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GM (GM) And Ford (F): What Bailout?

Posted: November 26, 2008 at 3:23 pm

Are the markets still unstable? Are they subject to sharp moves on a rumor or a whim?Ford (F) and GM (GM) are both up about 30% today. The reason is ...
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Indian ADR’s Unphased By Terror Attacks (INFY, IBN, REDF, SAY, SLT, TTM, WIT)

Posted: November 26, 2008 at 3:17 pm

Fresh attacks that appear to be targeted against foreigners in Mumbai, India have failed to thwart a market rally today even in Indian stocks.  Reports have foreigners being taken hostage ...
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Angrybear

No Merry Christmas For Banks

Posted: November 26, 2008 at 12:33 pm

A note from Reuters:U.S. banks will incur about $44 billion in write-downs and loss provisions in the fourth quarter, and much of the U.S. Treasury capital will be diverted to ...
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New Bear Market Financial Terms

Posted: November 26, 2008 at 10:30 am

We have created a new take on many traditional stock market and financial terms for the new economy.  Some of these are gut busters and some may hit a little ...
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BCE Merger Suddenly In Jeopardy (BCE)

Posted: November 26, 2008 at 9:19 am

There is one huge going-private transaction which has yet to close and has been pending for what feels like an eternity.  BCE, Inc. (NYSE: BCE) in Canada has been in ...
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Kinder Morgan Predicts Future (KMP)

Posted: November 26, 2008 at 8:52 am

Kinder Morgan Energy Partners (NYSE:KMP) announced this week that it expects to distribute $4.20/common unit as its dividend in 2009. The company will distribue $4.02/unit in 2008. The company based ...
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NRG Says No; Exelon Says Please (NRG, EXC, JPM)

Posted: November 26, 2008 at 8:50 am

It took NRG Energy (NYSE:NRG) almost two weeks to figure out that shareholders should reject the exchange offer from Exelon Corporation (NYSE:EXC). That's odd because NRG had already rejected the ...
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Burningmoney

Recession Watch: Jobs, Durables, Income, Spending

Posted: November 26, 2008 at 8:39 am

If you were looking for good news before the holiday, you might need to look at retail discounts for retail or might want to read some nice childrens' books.  The ...
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