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Daily Archives: January 12, 2009

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Short Sellers Attack America’s Largest Companies (GE)(PFE)(T)(HAL)(XOM)(INTC)(MSFT)(CSCO)(IBM)

Posted: January 12, 2009 at 7:49 pm

For the latest reported period, ending December 31, short sellers did not make any notable moves in or out of tech, financials, or industrial shares. What they did do was ...
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Palm (PALM): Stock Up, Questions Remain (AAPL)(RIMM)(VZ)(T)(S)

Posted: January 12, 2009 at 6:37 pm

The excitement about Palm's (PALM) new Pre handset has sent the company"s stock up from $3.50 to over $6. But, the shares have not moved in two days, even with ...
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Bill Gates Keeps Adding To Republic Services Stake (RSG)

Posted: January 12, 2009 at 5:08 pm

Bill Gates is at it again. He's bought more shares of Republic Services Inc. (NYSE: RSG).  In an SEC filing after the close today,Mr. Gates disclosed he spent more than ...
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Alcoa Enters the Rust Business (AA)

Posted: January 12, 2009 at 4:26 pm

Alcoa Inc. (NYSE: AA) posted earnings excludling one-time items of -$0.28 EPS on revenue of $5.69 billion.  This compares with First Call estimates of -$0.11 EPS on $5.18 billion in ...
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NASDAQ Sees Drop In Short Selling (NDAQ)

Posted: January 12, 2009 at 4:13 pm

The NASDAQ OMX Group (NASDAQ: NDAQ) is seeing a drop in short selling activity if the trends in December continue.  The exchange said that as of December 31, the total ...
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The 52-WeeK Low Club (ZEP)(LZB)(TNC)(SINA)

Posted: January 12, 2009 at 4:09 pm

Zep (ZEP) Shares downgraded. Drops to $13.17 from 52-week high of $21.80.La-Z-Boy (LZB) Shares in industry downgraded. $1.82 from 52-week high of $11.76.Tennant (TNC) Still falling due to accounting concerns. ...
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Medtronic Adjusts Long-Term Goals (MDT)

Posted: January 12, 2009 at 3:12 pm

Medical devices was supposed to be recession-proof, or at least was supposed to be recession-resistant.  But we have seen over and over how this notion has not been the case.  ...
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S&P Takes BorgWarner Closer to Junk (BWA)

Posted: January 12, 2009 at 2:57 pm

BorgWarner Inc. (NYSE: BWA) has been a troubled company in a troubled sector.  It seems that after completing its debt rating review, Standard & Poor's has decided it doesn't like ...
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A Vicious Market Turns Against Citigroup (C), Again

Posted: January 12, 2009 at 12:28 pm

Usually when there are rumors that management is being changed at a company, its shares go up.There are stories flying around Wall St. that the Citgroup (C) chairman Win Bischoff ...
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Seagate & Storage Sector: More Pain, More Change (STX, WDC, EMC)

Posted: January 12, 2009 at 12:06 pm

You know times are more than tough when an industry's leader is caught like a roach on its back.  That is the position that Seagate Technology (NYSE: STX) finds itself ...
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The Retailers That Will Dominate Store Closings (SHLD)(M)(JWN)(TIF)(WMT)(BBY)(GPS)(M)

Posted: January 12, 2009 at 11:49 am

Several estimates from retail analysts predict the tens of thousands of retail outlets will close this year. Some put the number as high as 70,000 in the first half of ...
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Stuff Gets Out Of Hand At Level 3 (LVLT)

Posted: January 12, 2009 at 11:35 am

Level 3 (LVLT), the troubled telecom company is trading off nearly 25% today to $1.13 with no news. The firm carries a lot of debt at $6.4 billion and has ...
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Closing Down a Coal Mine (PCX, BTU)

Posted: January 12, 2009 at 11:17 am

Last Friday, Patriot Coal Corporation (NYSE:PCX) announced that it would close its Jupiter mine in March. The company had said in September that it planned to close the West Virginia ...
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Tale of Two Small-Cap Oil Companies (VQ, DNR, CRED)

Posted: January 12, 2009 at 11:13 am

Venoco, Incorporated (NYSE:VQ) announced this morning that it will cut its capital spending in 2009 to $150 million. As recently as last November, Venoco had planned to spend $400 million ...
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100% Buyout Premiums Still Exist (ABT, EYE)

Posted: January 12, 2009 at 10:43 am

If we told you on Friday that a decent-sized medical merger was coming with a 100% premium, you probably wouldn't have believed it.  We are having a hard time believing ...
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