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Monthly Archives: March 2009

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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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Dreaded ‘Going Concern’ Notes Head To Alternative Energy (AVR, BCON, EPG, VRNM)

Posted: March 17, 2009 at 8:02 am

If there is one phrase that a company does not want to see in its annual report, it is "GOING CONCERN."  This hinges on a company's ability to operate financially ...
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Meredith Whitney Opines On Banks & The Credit Markets

Posted: March 17, 2009 at 7:58 am

Meredith Whitney is appearing as a guest host on Squawk Box this morning and below are some of Meredith's thoughts on the banks and credit markets. We need solutions now ...
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February PPI Tamer

Posted: March 17, 2009 at 7:35 am

We just got the Labor Department data on producer prices as a measurement of wholesale inflation.  PPI came +0.1% on the nominal PPI and +0.2% on the core PPI reading ...
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Banks & Brokers Covering Each Other (BAC, C, JPM, GS, MS, HBC)

Posted: March 17, 2009 at 6:48 am

As you will see below, there are many new calls in the banking and brokerage sector this Tuesday morning: Morgan Stanley (NYSE: MS), Goldman Sachs (NYSE: GS) Started as Outperform ...
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Top Analyst Calls (ABB, ABX, BBY, COST, HD, KSS, LOW, PAAS, UNH)

Posted: March 17, 2009 at 6:44 am

These are some of the broad upgrades and positive research calls from Wall Street analysts that we have seen this Tuesday morning: ABB (ABB) Raised to Buy at Deutsche Bank. ...
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Dell (DELL) Launches PCs For Billionaires

Posted: March 17, 2009 at 5:34 am

Hand it to Dell (DELL), probably the worst run of the large global PC companies to have bad timing. It is launching a new line of expensive, high performance laptops. ...
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