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Daily Archives: January 6, 2009

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Toll’s CEO Toll Still Unloading Toll Stock (TOL)

Homebuilders are supposed to be a winners under the new tax incentive plan and with mortgages now priced at less than 5%.  But after the close came a filing showing ...
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La Jolla Gets More Hope (LJPC, BMRN)

La Jolla Pharmaceutical Company (NASDAQ: LJPC) has been more than just a troubled biotech.  It has even been considered an at-risk entity by some traders after it had been down ...
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Metal Loses It Mettle: Alcoa (AA) Cuts Like Crazy Even Though It Is Profitable

Alcoa (AA) announced that it will fire 13,500 people and 1,700 contractors. The full-time people are 13% of the firm's work force. Alcoa will also freeze hiring and salaries and ...
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Enterprise Products Raising Cash (EPD)

Enterprise Products Partners L.P. (NYSE: EPD) has announced that it will sell 8,600,000 common units in a secondary offering.  The units represent limited partner interests rather than traditional shares seen ...
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Bank Of America (BAC) Won’t Hit Its Numbers

The Wall Street Journal has gotten a hold of some internal documents from Bank of America (BAC) which say that CEO Kenneth Lewis and his top people will not take ...
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More Observations On The Economy, And None Of Them Good

Going back a year it would have been very hard to find more than a handful of economists who believe that a global recession would potentially drive down GDPs in ...
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Moody’s Cuts Wells Fargo Debt Ratings (WFC)

It really is a wonder how and why the debt ratings agencies still have any merit or use at all, but for now they still have some pull.  Moody's has ...
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Is Liberty Exiting IAC/InteractiveCorp Entirely? (IACI, LINTA, LINTB, LMDIB, LCAPA, LCAPB)

John Malone and Barry Diller had their full round of the boxing match last year.  But now it seems another fight may be under way.  Liberty Media Corp. has been ...
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Market Dings Apple (AAPL) On iTunes Price Cut

Apple (AAPL) cut the prices of some of the songs available on its iTune music service and the market did not like it at all.According to a number of media ...
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Fed Minutes: Pain & Unemployment Ahead… And Deep Recession

The minutes from the December FOMC meeting where rates were essentially taken to zero have now been released.  What is interesting is that there is very little expected hope for ...
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Aladdin In Play? (ALDN)

Aladdin Knowledge Systems Ltd. (NYSE: ALDN) shares have risen sharply on new reports that the Israeli data security software provider was close to receiving a buyout offer from a Vector ...
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German Billionaire Merckle Takes His Life Amidst Financial Crisis

Another prominent figure has reportedly taken his life amidst the turmoil of the financial markets.  In this case, it appears that 74 year-old German billionaire Adolf Merckle has committed suicide.  ...
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Pending Home Sales Depressing, Red Cross Looking For Blood Donors

"Manufacturing is the worst it has been in decades.""Joblessness rose to its highest level in 37 years.""Consumer confidence fell to it the lowest level since measurements began 16 years ago."The ...
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Logitech Slowly Becoming A Bargain (LOGI)

Shares of Logitech International (NASDAQ: LOGI) are trading lower after the company withdrew its guidance.  What is interesting is that the stock of this Swiss computer and gaming peripheral leader ...
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Why Is Sprint (S) Up 30% In Three Days? A Day-Trader’s Dream

Three days ago, Sprint (S) traded at $1.79. Today, it hit $2.32 in early trading, up 30%.AT&T (T) and Verizon (VZ) are down during the same period, to some extent ...
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