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Daily Archives: March 17, 2009

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IPO FILING: Changyou.com, Chinese MMORPG (CYOU)

Posted: March 17, 2009 at 4:25 pm

It has been a while since we had an IPO filing and the IPO market has been a ghost town with only a handful of deals since last summer.  Changyou.com, ...
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Oil ETF’s & The Return of $50 Oil (OIL, USO, OIH, DXO, DIG)

Posted: March 17, 2009 at 3:36 pm

Oil flirted with the $50.00 handle today, which would be close to a 4-month high. This also marked the end of the April contract expiration, so now we roll over ...
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The 52-Week Low Club (SHS)(CHTR)(ENER)

Posted: March 17, 2009 at 3:03 pm

Sauer-Danfoss (SHS) Loses money. Suspends dividend. Drops to $3.03 from 52-week high of $37.93. Chartered Semiconductor (CHRT) No major news. Down to $.65 from 52-week high of $7.05. Energy Conversion ...
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AIG (AIG) Bonuses: Who’s To Say They Did Not Earn Them?

Posted: March 17, 2009 at 1:30 pm

In a letter from NYS Attorney General Andrew Cuomo to Rep Barney Frank, the AG's office disclosed the results of its investigation of the amount of money paid to certain ...
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DuPont Ignores Solar Market Woes (DD)

Posted: March 17, 2009 at 12:11 pm

DuPont, or EI DuPont de Nemours & Co. (NYSE: DD), has announced an initiative today that would have been cheered by investors a few months ago.  The company is continuing ...
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Discovery Says Amazon Kindle Infringes Its Patent (DISCA, DISCB, DISCK, AMZN)

Posted: March 17, 2009 at 11:40 am

Discovery Communications, Inc. (Nasdaq: DISCA, DISCB, DISCK) has filed a patent infringement suit against Amazon.com, Inc. (NASDAQ: AMZN)  regarding the Amazon Kindle e-book reader. (more...) ...
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ADM Pursuing Brazilian Ethanol? (ADM)

Posted: March 17, 2009 at 11:03 am

A Brazilian newspaper reports this morning that Archer Daniels Midland Company (NYSE: ADM) may purchase the Brazilian ethanol group Unialco, together with a mill belonging to Da Mata. According to ...
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Car Companies Face Rapidly Deteriorating Dealer Financials (GM)(TM)(F)(HMC)

Posted: March 17, 2009 at 10:28 am

For over a year, analysts have said that one of the largest problems car companies face is dealers who go bankrupt. It is actually a double-edged sword. If under-performing franchises fold, ...
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Meredith Whitney’s Replacement at Oppenheimer Far Less Negative (GS, MS, BAC, C, JPM)

Posted: March 17, 2009 at 10:22 am

Meredith Whitney is and was one of the most influential banking analysts on Wall Street. She was  negative on the banking and investment banking sector for roughly two years and ...
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Canadian Solar Dims (CSIQ)

Posted: March 17, 2009 at 10:07 am

The sorry news just keeps rolling in from solar companies. This morning Canadian Solar Inc. (NASDAQ: CSIQ) reported an EPS loss of $-1.42, way below analysts expectations of a loss ...
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Plains Pipeline Offers Common Units (PAA)

Posted: March 17, 2009 at 9:55 am

Plains All American Pipeline, L.P. (NYSE: PAA) announced an offering to sell approximately 5 million common units at an offering price of $36.90/unit. Joint book-runners include UBS, Citi, JP Morgan, ...
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Natural Gas Price to Consumers Drops Off the Table (NST)

Posted: March 17, 2009 at 9:54 am

Natural gas prices to some consumers in Massachusetts could fall 70% this summer. NSTAR (NYSE: NST) has filed a proposal with the Massachusetts public utilities regulator to reduce its summer ...
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Rio Tinto’s Chinese Investment Getting Some Pushback (RTP, BHP, CEO)

Posted: March 17, 2009 at 8:43 am

When China's government-owned aluminum company Chinalco agreed to pay $19.5 billion for an additional 9% of Rio Tinto plc (NYSE:RTP), the deal already faced a couple of problems. The biggest ...
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Wynn Resorts Raises Cash (WYNN)

Posted: March 17, 2009 at 8:38 am

Wynn Resorts, Limited (Nasdaq: WYNN) has priced a public secondary offering 9,600,000 shares, down from the 7 million shares originally  planned.  The secondary offering was priced at $19.00 per share.   ...
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Cisco, Goldman Sachs, Conviction Buy (CSCO)

Posted: March 17, 2009 at 8:09 am

Cisco Systems, Inc. (NASDAQ: CSCO) is trading up 2% at $15.78 in active pre-market trading this morning.  It seems that Goldman Sachs decided it likes this new unified computing system ...
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