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Monthly Archives: March 2009

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Opportunism Everywhere in Fertilzer Business (CF, AGU, TRA, MOO)

Posted: March 9, 2009 at 9:02 am

Fertilizer maker CF Industries Holdings, Inc. (NYSE: CF) this morning rejected a buyout offer from Canada's Agrium, Inc. (NYSE: AGU). The stock and cash offer was valued at about $72/share ...
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WTI Price Back on Top (USO, OIL)

Posted: March 9, 2009 at 8:39 am

For the past few months, the global crude oil benchmark, WTI, has been trading lower than other crude varieties. No longer. On Friday, WTI closed higher than Dated Brent, $45.52 ...
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Coal for Sale (ACI, RTP)

Posted: March 9, 2009 at 8:29 am

Arch Coal, Inc. (NYSE:ACI) plans to buy a coal mine in Wyoming's Powder River Basin from Rio Tinto plc (NYSE:RTP) for $761 million. The Jacobs Ranch mine includes 381 million ...
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Piper Jaffray Lifts Amazon.com (AMZN) to Buy, Says “Party Just Getting Started”

Posted: March 9, 2009 at 8:20 am

Piper Jaffray is upgrading Amazon.com (Nasdaq: AMZN) today from Neutral to Buy and boosting its price target from $55 to $81, saying "The Party Is Just Getting Started." On the ...
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Rite Aid Yells ‘Do Over!’ on Reverse Split (RAD)

Posted: March 9, 2009 at 8:06 am

Rite Aid Corp. (NYSE: RAD) may be hoping that its $0.22 share price won't be as important down the road as it would have been when the NYSE was actively ...
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Palm Share Remarketing Effort Overhang (PALM)

Posted: March 9, 2009 at 7:51 am

Palm, Inc. (NASDAQ: PALM) stock is indicated lower on word from the company that it is exercising its right to re-market approximately 18.5 million common shares underlying 49% of the ...
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McDonald’s (MCD) Defies Gravity, Again

Posted: March 9, 2009 at 7:42 am

Someone needs to tell McDonald's (MCD) that there is a recession. The company posted remarkable same-store sales again in February. After making an adjustment for the different number of days ...
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When Left Alone, Recessions Correct On Their Own

Posted: March 9, 2009 at 7:32 am

John Tamny  RealClearMarkets Banking giant JPMorgan Chase announced Feb. 23 that it would be cutting its quarterly dividend by 87% to a nickel per share. At face level, this sounds ...
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Should You Chase Stem Cell Stocks? (ASTM, CYTX, GERN, NBS, OSIR, STEM, KOOL)

Posted: March 9, 2009 at 7:29 am

We are seeing massive gap-ups this morning in stem cell stocks.  President Obama is signing an executive order which will lift the Bush ban on funding of embryonic stem cell ...
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Top 10 Analyst Upgrades & Downgrades (AMZN, BBY, KO, GENZ, HAL, IPI, RIG, AFL, PBR, VE)

Posted: March 9, 2009 at 6:42 am

These are some of the top pre-market early bird analyst upgrades and downgrades from Wall Street this Monday morning: Amazon.com (AMZN) Raised to Buy at Piper Jaffray. Best Buy (BBY) ...
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Merck’s (MRK) New Merger, Another Way To Save Money

Posted: March 9, 2009 at 5:25 am

Merck (MRK) is merging with Schering-Plough (SGP) in a deal that the companies say is worth $41.1  billion. In reality, Merck is making an acquisition. Its shares will be the ...
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US Wants Other Governments To Come Up With More Cash, Which They May Not Have

Posted: March 9, 2009 at 5:12 am

The US is calling for other nations to put more money into their credit and financial systems to help pull the world out of a deepening recession. One of the ...
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The AIG (AIG) “Save Us Or We Will Destroy You” Card

Posted: March 9, 2009 at 4:53 am

Other companies that need federal bailouts should use the AIG (AIG) approach. It told the the government that if it did not get a large slug of money the global financial system ...
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A Depressing Assessment From The World Bank: The Truth About Global Economic Disparity

Posted: March 9, 2009 at 4:19 am

Economists and public officials need to be optimistic about the economy. It they are too dour, they just encourage the public to think that they should be replaced.  Economists, after ...
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Euthanizing The Fortune 500

Posted: March 9, 2009 at 4:06 am

It is time for the Fortune 500 to go. It should not be published again after this year. The issue will be mailed to the magazine’s subscribers in about a ...
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