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Daily Archives: January 5, 2009

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Wall St. Likes Detroit’s Dismal Numbers: As The Economy Gets Worse, The Auto Bailout Is A Lock

Posted: January 5, 2009 at 2:23 pm

It is hard to imagine an industry where when sales are off 30% to 40% it is considered a good thing. Welcome, to the Detroit auto company bailout of 2009.Sales ...
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Cheap Ads Start To Run At Premier Websites: Negative Online Revenue Predictor

Posted: January 5, 2009 at 2:00 pm

Why are advertisers who pay cheap ad rates running at premium websites like the tech section of CNN.com? Because the online advertising business is falling to pieces as the first ...
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The Problem Of “Burn Rate” Hits Mainstream Companies (GM)(PIR)(DS)(SIRI)(CHTR)(MNI)(NYT)`

Posted: January 5, 2009 at 1:20 pm

At the beginning of the decade a number of internet and next-generation technology companies raised money through venture capitalists and IPOs. Many of these companies had little, if any, revenue. ...
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What Chinese Recession Numbers Look Like

Posted: January 5, 2009 at 11:09 am

As 2009 is kicking off, it is interesting to start seeing the many many forecasts for the US and other major economies.  The NBER finally came clean last month about ...
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SandRidge CEO Unloads Shares (SD)

Posted: January 5, 2009 at 10:49 am

The CEO of SandRidge Energy, Inc. (NYSE: SD) sold approximately 8.90 million shares at $5.62/share in a private transaction in order to meet "debt service and tax planning needs." Tom ...
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Chesapeake Continues to Shed Assets for Cash (CHK, GS, BP, STO)

Posted: January 5, 2009 at 10:46 am

Chesapeake Energy Corporation (NYSE:CHK) has sold about $412 million worth of royalty interests in "long-lived, producing assets" in gas fields in Oklahoma and Arkansas. The buyer was a private equity ...
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The World Of Oil Prices: Iran, Hamas, and Israel: Who Benefits?

Posted: January 5, 2009 at 9:59 am

Analysts already noted  the increase in oil prices resulting from the fighting in Gaza. Neither the Palestinians nor the Israelis controls any oil--as the late Israeli Premier Golda Meir famously ...
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Deutsche Bank Cuts Estimates On Citigroup (C) On Loan Losses

Posted: January 5, 2009 at 9:30 am

Deutsche Bank said the biggest issue U.S. banks will face in 2009 is loan losses. The firm expects commercial bank loan losses for the industry to increase from 1.5% (3Q08) ...
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Second Round Analyst Downgrades (AINV, T, GSIC, MFE, NVLS, SNH, TSO, TXRH, VZ)

Posted: January 5, 2009 at 9:24 am

It seems that the early bird analyst calls did not capture the notion that analysts are starting 2009 with more opportunities to downgrade stocks.  Here are some additional pre-market analyst ...
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Jobs & Apple Come Out On Health Concerns (AAPL)

Posted: January 5, 2009 at 9:08 am

Steve Jobs, and the Apple Inc. (NASDAQ: AAPL) board of directors, have decided to come out with a full pre-MacWorld attack to address the health of Steve Jobs and some ...
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The Unfortunate Reality of Housing Subsidies

Posted: January 5, 2009 at 8:06 am

John Tamny, RealClearMarkets "Recession Slows Migration in U.S." was a recent Wall Street Journal headline. Since new jobs are frequently the main reason people move, the story wasn't a big ...
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Top 10 Pre-Market Analyst Upgrades & Downgrades (ALTR, AMZN, BCE, BIIB, LEAP, PDLI, CLUB, VAR, AUY)

Posted: January 5, 2009 at 7:36 am

It is still fairly thin in analyst upgrades and downgrades as this week marks the return of investment banking and research departments from what is nearly a two-week hiatus.  Here ...
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Is Pfizer About To Be On Acquisition Path? (PFE, AMGN, WYE, GILD, BMY, LLY, SGP, CELG, GENZ, BIIB)

Posted: January 5, 2009 at 7:15 am

There may be some speculation that drug giant Pfizer Inc. (NYSE: PFE) is looking at expansion through acquisitions.  The FT reported that the world's largest pharmaceutical company is willing to ...
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Drowning, Detroit Faces More Competition

Posted: January 5, 2009 at 6:27 am

Detroit has gone to the government well and collected enough money to get it through to late March. It will present forecasts to the government based on cutting costs, keeping ...
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Rethinking Old Tech Stocks As New Utilities (CSCO, DELL, INTC, MSFT, ORCL)

Posted: January 5, 2009 at 6:21 am

It seems that no matter what the market does, investors still want to see which old tech stock is the one to own for the year ahead.  Everyone still remembers ...
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