Posts for Ticker ‘BC’

The 52-Week Low Club (CDE)(SSCC)(YRC)(BC)

Sad_clownBrunswick (BC) Moody’s downgrades to junk because of falling consumer spending and company’s financials. Drops to $3.80 from 52-week high of $22.85.

Coeur d’Alene Mines (CDE) Sells new convertible note. Metals stocks not having their best day. Falls to $.82 from 52-week high of $5.18.

Smurfit-Stone Container (SSCC) Goldman Sachs warns paper company shares may decline on week product demand. Moves off to $1.06 from 52-week high of $13.56.

YRC Worldwide (YRC) Issues new shares to pay debt. Sells down to $3.51 from 52-week high of $28.15.

Douglas A. McIntyre

Posted on: October 20, 2008 – 2:51 pm in HI/LOW, , , ,

The Brunswick Boat Sinks (BC)

Bruswick_boat_logo_2Brunswick Corporation (NYSE: BC) is being hit hard after the company announced that it will accelerate its previously announced efforts to re-size the company and to remove $300 million in fixed costs by the end of 2009.   It said this accelerated step-up is in light of "extraordinary developments within the global financial markets" that are affecting the recreational marine industry.

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Posted on: October 9, 2008 – 2:06 pm in Earnings Warning, Labor & Unions, Shareholder Issues,

The 52-Week Low Club (JBLU)(UAUA)(BC)

US Air (LCC) Airline breaks of talks with United (UAUA) and stock runs down to $4 from 52-week high of $36.81.

Brunswick Corporation (BC) Concerns about boating business and downgrade earlier in the week. Drops to $13.39 from 52-week high of $34.90.

Harris Interactive (HPOL) No visible cause but stock nose dives to $1.80 from 52-week high of $5.67.

Jetblue (JBLU) Raises money and causes viability and dilutions concerns. Sells off to $3.90 from 52-week high of $11.99.

Douglas A. McIntyre

Posted on: May 30, 2008 – 2:38 pm in HI/LOW, , , ,

Sovereign Funds Run And Hide (C)(JPM)(BSC)(MER)(LEH)(WM)

Just a few months ago, sovereign funds could not get enough stock and debt in financial firms like Citigroup (NYSE: C) and Merrill Lynch (NYSE: MER).

When the time came to bail-out Bear Stearns (NYSE: BSC) or put money up to finance a buy-out deal for the brokerage by JP Morgan (NYSE: JPM), the sovereigns were out of sight.

Several other financial companies may need capital quickly. At the top of that list is Lehman Brothers (NYSE: LEH). Washington Mutual (NYSE: WM) may need assistance, too.

It no longer matters if sovereign funds have a political agenda for their investments. They have left the building. The Fed is, in effect, alone. It political agenda is to save the economy starting with Wall St.

Douglas A. McIntyre

Posted on: March 17, 2008 – 8:16 am in Private Equity, , , , , ,