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Daily Archives: February 9, 2009

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Imagine That: An IPO Coming This Week (BMY, MJN)

Posted: February 9, 2009 at 9:36 pm

If you can believe it, there is an initial public offering on deck this week. Bristol-Myers Squibb Co. (NYSE: BMY) is set to partially spin off Mead Johnson Nutrition (NYSE: ...
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Starbucks (SBUX) Reward For Cutting Prices: An S&P Downgrade

Posted: February 9, 2009 at 5:36 pm

Starbucks (SBUX)  announced today that customers will be able to buy a coffee and breakfast item for $3.95.  Can Starbucks afford to do that with its relatively high costs of ...
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GE’s Biggest Day of a Lifetime (GE)

Posted: February 9, 2009 at 4:34 pm

General Electric Co. (NYSE: GE)  may have moved more today on a percentage basis than in any single day in many investors' lifetimes. (more...) ...
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The 52-Week Low Club

Posted: February 9, 2009 at 4:28 pm

ViroPharma (VPHM) Drug trial fails. Huge drop to $4.89 from 52-week high of $15.16. Insight Enterprises (NSIT) Plans to restate earnings. Falls to $2.69 from 52-week high of $19.25. Popular ...
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AOL MediaGlow Gets A Good Start (TWX)

Posted: February 9, 2009 at 3:02 pm

AOL's plan to capture a large part of the online ad market is to organize a number of brands, some of which don't have the AOL name, into a new ...
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USG Agrees To Warren Buffett Demands (USG, BRK-A, FFH)

Posted: February 9, 2009 at 2:30 pm

USG Corporation (NYSE: USG) had an important vote today that essentially allows Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) to get much more control of the company. (more...) ...
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Another Bad Year For DRAM in 2009

Posted: February 9, 2009 at 2:04 pm

iSupply, the tech market researcher, noted that memory shipments were much softer than expected in Q4.  While that part of the report is a no-brainer, iSupply is looking for ...
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A Cisco Debt Offering? (CSCO)

Posted: February 9, 2009 at 10:44 am

Cisco Systems, Inc. (NASDAQ: CSCO) made an SEC Filing this morning which may leave many scratching their heads.  The company filed a prospectus for a sale of debt securities. (more...) ...
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Gold Miner’s Shares Rise on Loss (AU)

Posted: February 9, 2009 at 10:24 am

South African gold miner AngloGold Ashanti Ltd. (NYSE:AU) shares are up about 1.5% this morning after the company reported a quarterly net loss of $17 million. The loss was primarily ...
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Valero’s Ethanol Dreams Via VeraSun Refineries (VLO, VSE)

Posted: February 9, 2009 at 10:18 am

Valero Energy Corp. (NYSE:VLO) has submitted a "stalking horse" bid for six properties offered by VeraSun Energy Corp. (formerly NYSE:VSE) as part of VeraSun's bankruptcy sale. All told the six ...
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Solar Power Maker Not So Bright (ENER, SPWRA, FSLR)

Posted: February 9, 2009 at 10:11 am

Energy Conversion Devices, Inc. (NASDAQ:ENER) reported its second quarter earnings before the market opened this morning. The company has  net income of $14.2 million (EPS of $0.33) on revenue of ...
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Are Troubled Bank Stocks A Double? (FITB, BAC, C, PNC, STT, BK, WFC, JPM)

Posted: February 9, 2009 at 9:41 am

It seems that Uncle Sam via Treasury and via Congress is going to give the markets what they want.  TARP, TALF, Bad Bank, aggregation, accounting rule exceptions, and the rest.  ...
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Pershing Square’s Target (TGT) Fund Down Over 89.5%

Posted: February 9, 2009 at 9:20 am

Pershing Square's William Ackman set up a hedge soley to invest in Target Corp (NYSE: TGT). As you can imagine, this hedge fund has taken a real beating. In fact, ...
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Will Starbucks (SBUX) Kill Its Margins

Posted: February 9, 2009 at 9:14 am

Starbucks (SBUX) will begin offering $3.95 breakfast value meals of coffee and food. One argument against the move is that it will make the coffee chain seem too much like ...
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Barclays Initiates Solar Power Stocks (YGE, SOLF, CSUN, LDK, SOL, TSL)

Posted: February 9, 2009 at 8:42 am

Barclays Capital initiated coverage of several stocks in the solar energy sector this morning.  Most of these ratings are cautious, although there was at least one positive call in the ...
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