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Monthly Archives: May 2009

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Housing Is Not Just Bad, It’s Getting Worse

Posted: May 27, 2009 at 4:14 am

The market's reaction to the S&P Case Shiller data showing the home prices dropped almost 19% in March was that the data is old, so there is no point in ...
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Media Digest 5/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: May 27, 2009 at 2:59 am

Reuters:   GM (GM) is close to filing Chapter 11. Reuters:   A poll of economists says the US recession will end soon followed by modest growth. Retuers:   The mood of US ...
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Asia Markets And Europe Open 5/27/2009

Posted: May 27, 2009 at 2:24 am

Markets in Asia were higher. The Nikkei rose 1.3% to 9,437. The Hang Seng was up 4.9% to 17,629. The Shanghai Composite rose 1.7% to 2,833. At the open in ...
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The Ten Ways Twitter Will Permanently Change American Business

Posted: May 26, 2009 at 8:11 pm

Micro-blogging platform Twitter has 32 million users, which is an increase from about 2 million a year ago, according to research mentioned in The Wall Street Journal. Some Internet measurement ...
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Shanda Seeks Repeat Changyou.com and Sohu.com Performance (SNDA, CYOU, SOHU)

Posted: May 26, 2009 at 3:53 pm

IPO investors have long been mixed about partial spin-offs, and just outright nervous when it comes to the term 'tracking stock' in an IPO.  Regardless of how you feel, it ...
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VMware Already Investing In IT Infrastructure Company (VMW, TMRK)

Posted: May 26, 2009 at 3:24 pm

Terremark Worldwide, Inc. (NASDAQ:TMRK) is not a name that normally comes up in discussions among tech investors, although it is a provider of managed IT infrastructure services.  What is going ...
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oil

GM (GM): UAW Takes Paper Instead Of Cash, Bets The House

Posted: May 26, 2009 at 1:33 pm

The UAW took what it could get in its negotiations with GM (GM), and that was not much. The union will end up owning 17.5% of GM's shares to fund ...
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Facebook Investment Puts Off Inevitable Need For IPO (MSFT, GOOG, NWS, TWX, YHOO)

Posted: May 26, 2009 at 1:13 pm

There is news out today that social networking leader Facebook has secured a $200 million financing from Digital Sky Technologies, an internet investment group with significant stakes in Eastern European ...
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When Power Companies Underwrite Appliance Recycling (ARCI, XEL)

Posted: May 26, 2009 at 12:21 pm

Appliance Recycling Centers of America Inc. (NASDAQ: ARCI) is far from a household name.  Xcel Energy, Inc. (NYSE: XEL) is known, literally, if you live in parts of Colorado, Michigan, ...
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More & More Evidence of Stronger Corporate Bond Market

Posted: May 26, 2009 at 11:39 am

It was not that long ago that corporate bonds were trading at spreads not seen in most of our professional careers.  Even if the comparable Treasury was yielding 1% to ...
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Japanese Refiner Going Green? (SWSKF, RDS-A, BP, FSLR)

Posted: May 26, 2009 at 9:32 am

Japan's fifth-largest oil refiner, Showa Shell Sekiyu (Pink Sheets:SWSKF), is partially owned by Royal Dutch Shell (NYSE:RDS-A) and Saudi Aramco, the Saudi Arabian national oil company, which hold 35% and ...
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Canadian Solar, When Bad Is Good (CSIQ, ENER, YGE)

Posted: May 26, 2009 at 9:22 am

The first quarter report from Canadian Solar Inc. (NASDAQ:CSIQ) was a little better than expected on the earnings front but weak on the top-line, posting a net EPS loss of ...
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Conference Board: “The Worst Is Now Behind Us”

Posted: May 26, 2009 at 9:15 am

The Conference Board Consumer Confidence Index just saw a sharp increase in May, and the quote will say it all.  This follows a strong April as well.  The May data ...
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Case-Shiller Housing Data May Not Be What It Seems

Posted: May 26, 2009 at 8:50 am

The S&P Case-Shiller US National Home Price Index dropped by another record.  The March report was another drop of 2.2%.  The Q1-2009 period does have a look-back to it that ...
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Goldman Sachs & Morgan Stanley, Banks Yet Still Not Banks (GS, MS, C, TD, BKUNA)

Posted: May 26, 2009 at 8:32 am

Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS) have so far not lived up to the notion of being "bank holding companies."  These companies have not just ...
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