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Monthly Archives: November 2008

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The 52-Week Low Club (ZLC)(TRP)(LEE)

Posted: November 25, 2008 at 3:59 pm

Zale Corporation (ZLC) Loss and withdraws annual forecast. Drops to $5.15 from 52-week high of $30.89.Rio Tinto (RTP) BHP withdraws takeover bid. Falls to $93.42 from 52-week high of $558.65.Lee ...
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IPO Withdrawal: US Power Generating Company

Posted: November 25, 2008 at 1:36 pm

We covered an IPO Filing back in August for a company called US Power Generating Company.  The company is a wholesale power generation company in New York which had filed ...
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Universal Files To Raise Cash (UVV)

Posted: November 25, 2008 at 12:58 pm

Universal Corporation (NYSE: UVV) has filed an automatic shelf registration statement with the SEC that will allow it from time to time to sell securities.  The leaf tobacco merchant and ...
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Even With Huge Cost Cuts GM (GM) May Need Government-Supported Chapter 11

Posted: November 25, 2008 at 11:35 am

After months of hunting, there still may be no single solution to the market and economic problems that are driving GM (GM) out of business.Any steps will have to bring ...
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Angrybear

FDIC Troubled Banks List Rises 46%

Posted: November 25, 2008 at 10:39 am

The FDIC is going to be working overtime.The agency increased the number of "troubled" banks on its list of firms it may have to shut down.The open question is where ...
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E*TRADE’s TARP Dilemma (ETFC)

Posted: November 25, 2008 at 10:09 am

E*TRADE Financial Corporation (NASDAQ: ETFC) announced this morning that it is continuing to work with regulators through each phase of its TARP application and that it "remains optimistic that it ...
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Coca-Cola Bottling Files To Raise Cash (COKE)

Posted: November 25, 2008 at 9:41 am

Coca-Cola Bottling Co. (NASDAQ: COKE) filed with the SEC to sell up to $300,000,000 in a mixed securities shelf.  The company listed Debt Securities, Preferred Stock, Common Stock, and Class ...
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Ackman’s Pershing Square Takes Large Stake in Embattled REIT General Growth Properties (GGP)

Posted: November 25, 2008 at 9:41 am

After the close yesterday, Bill Ackman's Pershing Square Capital hedge fund disclosed a 7.5% stake (20,080,690 shares) in embattled REIT General Growth Properties Inc. (GGP).Pershing Square purchased the subject shares ...
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Like It or Not, This Is Obama’s Stock Market

Posted: November 25, 2008 at 9:37 am

By John Tamny  RealClearMarketsWhile stocks staged a relief rally leading up to the presidential election, U.S. share indices have mostly been down ever since. Major media accounts would suggest that ...
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Burningmoney

Black Gold Doesn’t Help Black Hills (BKH)

Posted: November 25, 2008 at 8:54 am

Long after the market closed yesterday, Black Hills Corporation (NYSE:BKH) seriously reduced its guidance for 2008 and its outlook for 2009. Full-year EPS is now expected to come in at ...
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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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