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Monthly Archives: February 2009

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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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Failed Banks Would Be Preferable to One ‘Bad Bank’

Posted: February 9, 2009 at 8:08 am

John Tamny RealClearMarkets In the past week alone, readers of the business press have been treated to a variety of disturbing headlines concerning the federal government's role in the banking ...
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Top Pre-Market Analyst Upgrades (ADBE, ALXN, BIG, NSR, PFE, WYE)

Posted: February 9, 2009 at 7:57 am

These are some of the top pre-market analyst upgrades and positive calls we have seen this Monday morning: Adobe Systems (ADBE) Raised to Outperform at Oppenheimer. Alexion Pharmaceuticals (ALXN) Started ...
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Top Pre-Market Analyst Downgrades (BIIB, HIBB, KIM, LEN, NWS, NS, OSG, PGI, RMD, TK)

Posted: February 9, 2009 at 7:48 am

These are the top pre-market analyst downgrades and negative research calls from Wall Street this Monday morning: Biogen Idec (BIIB) Cut to Underweight at Barclays. Hibbett Sports (HIBB) Cut to ...
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Barclays (BCS): A Ray Of Sunshine

Posted: February 9, 2009 at 6:37 am

Barclays (BCS) proved that not all earnings at global money center banks have to be a disaster. The company beat forecasts and posted a profit for the second half of ...
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Nissan: The Global Car Recession Takes Another Victim

Posted: February 9, 2009 at 6:15 am

Nissan hit the car industry with news that was worse than expected. It will not only post a very large loss for the year, it will cut 20,000 jobs. What ...
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A Treasury With Too Much To Do

Posted: February 9, 2009 at 5:43 am

The Treasury has too much to do. It will delay talking about its new overhaul for banks until Tuesday while it works with Congress to help finalize a new stimulus ...
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Media Digest: 2/9/2008: Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 9, 2009 at 4:03 am

According to Reuters, Nissan forecast an annual loss. Reuters reports that the Treasury has delayed it bank bailout announcement. Reuters writes that Fannie Mae (FNM) and Freddie Mac (FRE) will ...
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