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Monthly Archives: May 2009

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Visa Files To Raise Cash (V)

Posted: May 6, 2009 at 8:59 am

We had been awaiting a shelf registration statement from Visa Inc. (NYSE: V) for a while now, and now we have gotten that filing this morning.  While the company has ...
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Transocean Profits Sink, Yet Surprise (RIG, DO)

Posted: May 6, 2009 at 8:28 am

The world's largest offshore driller, Transocean Ltd. (NYSE:RIG), reported first quarter 2009 EPS of $2.93 on net income of $942 million and revenue of $3.12 billion. In the first quarter ...
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Bank of America’s $34 Billion Distress Signal

Posted: May 6, 2009 at 8:21 am

The first stress test result suggests Treasury was conning its way toward nationalization. By Chadwick Matlin of The Big Picture When the stress tests were first announced, I suspected that ...
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Oil & Energy Players Raising Cash (DPTR, HEP, RRC, SGY)

Posted: May 6, 2009 at 8:11 am

We are starting to see more and more of the second-tier and third-tier energy players and oil and gas players either file for secondary offerings or actually sell shares in ...
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Refiner Shows Profit, E&P and Services Don’t (WNR, DVN, FWLT)

Posted: May 6, 2009 at 8:02 am

Three companies representing three distinct areas of the oil business have reported earnings and the surprise to many will be that the refiner put up the best numbers. Western Refining ...
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Blackstone Results, Private Equity Close to Returning (BX)

Posted: May 6, 2009 at 7:57 am

The Blackstone Group, L.P. (NYSE: BX) posted results that show a turn for the better in private equity is either afoot or much closer than before.  It said that its ...
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ADP Jobs… A Question of Calculation Methodology

Posted: May 6, 2009 at 7:27 am

ADP is out with its controversial jobs number this morning ahead of this week's unemployment report.  ADP said that there was "only" a -491,000 drop of jobs in the US ...
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Garmin’s Head On Collision (GRMN)

Posted: May 6, 2009 at 6:41 am

Garmin Ltd. (NASDAQ: GRMN) looks a bit like a train wreck as the maker of mobile GPS systems and PND systems posted $0.25 non-GAAP EPS and $437 million in revenues ...
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Top Analyst Upgrades (ALU, AMGN, HBC, IFX, SMTC, DIS, WBMD)

Posted: May 6, 2009 at 6:26 am

These are some of the top pre-market analyst upgrades and positive research calls we have seen from Wall Street this Wednesday morning with more than two hours until the market ...
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Top Analyst Downgrades (BCS, NILE, ED, MVL, RBS, SRE, UBS)

Posted: May 6, 2009 at 6:17 am

These are the top pre-market analyst downgrades or cautious calls we have seen from Wall Street this Wednesday morning with more than two hours until the market opens: Barclays (BCS) ...
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Twenty Percent Of Homes Now Underwater

Posted: May 6, 2009 at 5:10 am

Warren Buffett and Ben Bernanke may believe that housing prices are stabilizing, but the number of Americans who owe more on their mortgages is growing. Those people are certainly more ...
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Government Seems To Be Having It Way With Chrysler And GM (GM)

Posted: May 6, 2009 at 4:57 am

It appears that the creditors at Chrysler and GM (GM) may be running out of luck and time to get what they think is a reasonable payments for their investments. ...
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Bank Of America (BAC), Short $35 Billion, Needs To Play Its Merrill Card

Posted: May 6, 2009 at 4:38 am

Bank of America (BAC) will need to improve its capital position by nearly $35 billion, according to several press reports. It may be able to sell its part of its stake ...
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Apple (AAPL) Won’t Give Up Its Cash

Posted: May 6, 2009 at 4:05 am

There must have been a dip in the news about new products and management changes at Apple (AAPL). Most of the conversation about the company in the last several days ...
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Putting Bernanke On The Shelf For A Year

Posted: May 6, 2009 at 3:51 am

Ben Bernanke’s comments about the recession and his reasons for believing that the economy has hit bottom could have been a mimeograph of a dozen other speeches made by Fed ...
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