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Monthly Archives: April 2009

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When Two Partners Quit, Will the Third One Sue? (EPD, EPE, TPP)

Posted: April 22, 2009 at 9:19 am

Master limited partnership Enterprise Products Partners L.P. (NYSE:EPD) has announced that it will pull out of a partnership with an affiliate of Oiltanking Holdings America, Inc., a subsidiary of privately-held ...
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Precision Drilling Wins With Grey Wolf Addition (PDS, BJS, HAL, WFT)

Posted: April 22, 2009 at 8:54 am

Precision Drilling Trust (NYSE:PDS) reported net first quarter 2009 earnings per common unit of about $0.26, off 62% from the same period a year ago. Revenues grew almost 31%, from ...
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Mining Earnings Plummet (FCX, ABX, GG)

Posted: April 22, 2009 at 8:09 am

Now this is what really bad news looks like. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) reported first quarter 2009 EPS of $0.11 on net income of $43 million, compared with ...
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CFO Death Only Clouds Freddie Mac & Fannie Mae Further (FRE, FNM)

Posted: April 22, 2009 at 7:56 am

If you thought that things could not get much stranger at Freddie Mac (NYSE: FRE) or at Fannie Mae (NYSE: FNM), they may have taken an even stranger turn than ...
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bank34

McDonald’s (MCD): Still Bullett-Proof

Posted: April 22, 2009 at 7:44 am

There is not much to say about McDonald's (MCD) other than to state that it is clearly recession-proof and has the best management in its industry. Global comparable sales increased ...
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Heads and Tails at Wells Fargo on Earnings (WFC)

Posted: April 22, 2009 at 7:30 am

Wells Fargo & Company (NYSE: WFC) has posted its earnings this morning.  The bank gave a net income figure of $3.05 billion, with a net income applicable to common shares ...
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bear33

A Hard Quarter For AT&T (T): Landline Drop Races Cellular Increase

Posted: April 22, 2009 at 7:10 am

AT&T (T) earnings were within the range of Wall St. forecasts. That is not saying much. The results were modest and pushed the stock up about 3%. AT&T’s first quarter ...
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Top Analyst Upgrades (ANDE, CAT, CELG, CLX, DNDN)

Posted: April 22, 2009 at 6:51 am

It is actually looking pretty thin out there in the land of analyst upgrades.  These are the few upgrades and positive research calls we have seen from Wall Street this ...
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Top Analyst Downgrades (AKS, AFL, CMA, DT, FDX, HAL, FITB, KEY, HOT)

Posted: April 22, 2009 at 6:45 am

These are some of the top pre-market analyst downgrades and negative calls we have seen from Wall Street firms with about two hours until the market open this Wednesday morning: ...
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As China’s Mobile Markets Slow, Handset Companies Face More Problems

Posted: April 22, 2009 at 5:20 am

The recent earnings numbers from China's big telecom firms illuminated more than their profitability. One of the assumptions about the health of the global handset makers and companies that build ...
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Japan’s Trade Deficit Problems: A Signal About Global Recovery

Posted: April 22, 2009 at 4:54 am

Japanese government officials say that they may be seeing a slowing in the bad trend for the nation's imports and exports. That does not mean much. The March figures were ...
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winter14

AMD (AMD): No PC Bottom In Sight

Posted: April 22, 2009 at 4:43 am

Intel (INTC) sees a bottom to the falling demand for PCs. Smaller competitor AMD (AMD) does not. During the Intel earnings conference call, the company's CEO said that PC sales ...
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oil9

GM (GM) Finally Looks In The Mirror

Posted: April 22, 2009 at 4:28 am

For all of the restructuring work that GM (GM) has done, all the layoffs, and negotiations with the UAW and creditors, it has never admitted that the domestic car market ...
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bank33

The Treasury Secretary Thumbs His Nose At Congress

Posted: April 22, 2009 at 4:12 am

Tim Geithner, the Secretary of the Treasury, spent some of the early parts of his career being attacked by Congress. Legislators were not happy that he could not come up ...
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bear31

The End Of “New Media” (YHOO)(NYT)(GOOG)

Posted: April 22, 2009 at 4:00 am

Both Yahoo! (YHOO) and The New York Times Company (NYT) reported earnings for the first quarter and there was noticeable synchronicity between them. Yahoo!’s revenue dropped 13% to $1.58 billion ...
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