Posts for Ticker ‘WMI’

The “Green” Hypocrisy: America’s Corporate Environment Champions Pollute The World

oil1 “Green is green as in the color of money”
- Brand director of General Electric, Brandweek, July 26, 2006

“Greenwashing” is the act of misleading the public regarding the environmental practices of a company or the environmental benefits of a product, service, or business line.  Due to the public’s increased awareness of environmental issues, including global warming, deforestation, and the loss of endangered species, greenwashing has become a staple of corporations marketing efforts.  All of the companies in this article have made some effort to address these concerns.  Some of them appear to be trying harder than others, and even a few of them have made legitimate efforts to become responsible corporate stewards of the environment.  Evidenced by the support of environmental groups and corporate responsibility professionals, many of these companies’ green initiatives have made a positive impact. Read More »

Why Yahoo! (YHOO) Doesn’t Matter

yahoo_logoEvery time there is news about the internet portal Yahoo! (YHOO), it makes the front pages. The only story about Yahoo, however, that deserved attention was the monstrous violation of fiduciary duty that its board made when it turned down Microsoft’s (MSFT) offer to buy the company. Beyond that, Yahoo is now a relatively small company with faltering profits that is no longer even important to its own industries, either media or the internet. Read More »

Bill Gates Top Holdings (ABT, AN, BRK-A, BP, CNI, CAT, KO, COST, CCI, EK, XOM, FMX, JNJ, MCD, OTTR, RSG, SGP, WMT, WMI)

bill-gates-imageWe compiled a list of the equity holdings of the Bill & Melinda Gates Foundation and for Bill Gates’ personal investment vehicle Cascade Investment.  These are as of December 31, 2008 and we have taken out the positions listed as under $50 million to make this list easier to read.  This list also excludes the massive holdings in Microsoft (MSFT).
Read More »

Bill Gates Keeps Adding To Republic Services Stake (RSG, WMI)

Money_stack_pic_4Republic Services Inc. (NYSE: RSG) keeps seeing its largest shareholder buy stock.  This is none other than Bill Gates.  A fresh filing shows that Gates purchased 600,000 more shares at a price average of $26.12 for a total of $15.69+ million with a January 30 transaction date.  This is a drop in the bucket for one of the world’s richest men, but there are implications here.

Read More »

Top Pre-Market Analyst Downgrades (AEG, AAPL, BHP, CSIQ, CWST, JASO, MTB, NT, RRGB, STP, TRMB, WMI)

Burning_money_picThese are some of the top pre-market analyst downgrades we have seen this Thursday morning with more than two hours until the market opens:

  • Aegon (AEG) Cut to Sell at UBS.
  • Apple (AAPL) Cut to Underperform at RBC.
  • BHP Billiton (BHP) Cut to Neutral at Credit Suisse.
  • Canadian Solar (CSIQ) Cut to Neutral at Broadpoint AmTech.
  • Casella Waste Systems (CWST) Cut to Neutral at JPMorgan.
  • JA Solar (JASO) Cut to Neutral at Broadpoint AmTech.
  • M&T Bank (MTB) Started as Underperform at FBR.
  • Nortel (NT) Cut to Underperform at CIBC.
  • Red Robin Gourmet (RRGB) Cut to Neutral at Piper Jaffray.
  • Suntech Power (STP) Cut to Neutral at Broadpoint AmTech.
  • Trimble Navigation (TRMB) Cut to Underweight at JPMorgan.
  • Waste Management (WMI) Cut to Neutral at JPMorgan.

Jon C. Ogg
January 15, 2009

Why So Many Mergers Are Failing (WMI, RSG, AW, VSH, IRF, DBD, UTX, SNDK)

Broken_merger_torn_moneyBack in normal economic times and back when private equity was king, Mondays were often referred to as "Merger Monday" because mergers would be announced at the start of the week.  If you monitor mergers and possible buyout targets in the manner we do at 247 Wall St., then today might feel like it should be named De-Merger Monday.  There are three very large mergers which have been scrapped today and this brings up issues in another pending giant technology merger.

Read More »

Bill Gates: Now Garbage Man & Gringo Investor (MSFT, CNI, TV, FMX, RSG, WMI, AW)

Bill_gates_image_2Tonight we received the quarterly filings for Cascade Investment LLC, which shows the personal investments of Bill Gates.  While the investment vehicle listed many unique holdings out there that were much the same as before, there are much more interesting things to look at besides his now greatly-diminished role at Microsoft (NASDAQ: MSFT).  Cascade’s now holds 33.895 million shares of Canadian National Railways Co. (NYSE: CNI) with a stake worth some $1.627 Billion as of June 30, 2008.  many of his other holdings look the same as before which you can see in this filing versus what we noted last quarter.

Read More »

Top Pre-Market Analyst Downgrades (AIG, ASMI, T, KMB, MOT, NRGN, WB, WMI, WOR)

These are some of the top downgrades or negative analyst calls we have seen this Tuesday morning in early pre-market trading hours:

  • AIG (NYSE: AIG) Cut to Market Perform from Outperform at Wachovia.
  • ASMI International (NASDAQ: ASMI) Started as Underperform at Jefferies.
  • AT&T (NYSE: T) maintained Buy but Removed from Conviction Buy List at Goldman Sachs.
  • Kimberly-Clark (NYSE: KMB) Cut to Market Perform from Outperform at Wachovia.
  • Motorola (NYSE: MOT) Started as Sell at Societe Generale.
  • Neurogen (NASDAQ: NRGN) Cut to Neutral from Buy at Pacific Growth.
  • Wachovia (NYSE: WB) Cut to Underperform from Perform at Oppenheimer.
  • Waste Management (NYSE: WMI) maintained Buy but removed from Conviction Buy List at Goldman Sachs.
  • Worthington Industries (NYSE: WOR) Added to Goldman Sachs Conviction Sell List.

Jon C. Ogg
July 15, 2008

The Business Day In Global Warming (WMI, AMSC, BP, RDS, COST, ENCS)

Waste Management, Inc. (NYSE: WMI) announced a major national initiative to expand its roster of landfill gas to energy (LFGTE) facilities. The program will result in the creation of an additional 60 renewable energy facilities across the country — including the potential of two additional facilities in South Carolina — over the next five years.

New Poll Finds Most Favor Nuclear Energy To Meet NJ’s Rapidly Increasing Electric Demand

American Superconductor Corporation (NASDAQ: AMSC), a leading energy technologies company, today introduced a Static VAR Compensator (“SVC”) product line. AMSC also announced that it has received its first transmission-level SVC order from Bonneville Power Administration (BPA), operator of 75 percent of the high voltage transmission grid in the Pacific Northwest.

Costco (NASDAQ:COST) and PermaCity team to deliver 2.4 Megawatts of Solar Electric Power to La Habra, Westlake Village, Simi Valley and Culver City Costco Warehouses.

Encore Energy Systems, Inc. (OTC: ENCS) issued a stockholder update: Jack Tarry, CEO said: "We remain on a rapid and strong path of growth and expansion. We will continue updating stockholder on our progress. We have many exciting developments to report in the coming days and weeks. This update further demonstrates our ability to set goals and deliver accordingly."   This sounds more like noise rather than news.

BP (NYSE:BP) and the Massachusetts Institute of Technology (MIT) announced a major research partnership around energy conversion technologies. The program will explore the conversion of low-value carbon feedstocks such as petcoke and coal to high-value products such as electricity, liquid fuels and chemicals while minimizing carbon dioxide emissions.

Baard Energy, L.L.C. has acquired a technology license from Shell U.S. Clean Coal Energy Inc., part of Royal Dutch Shell (NYSE:RDS), to use its Coal Gasification Process in the gasification portion of its proposed $5 billion coal-to-liquid fuel (CTL) project located in Columbiana County, Ohio.  The project will produce over 50,000 barrels per day of jet and diesel fuel, and other liquid products from coal and biomass feedstock.

Green Private Equity Fund, With A Hockey Twist

Jon C. Ogg
September 25, 2007 

As a reminder, whether you prefer the term "Global Warming" or"Climate Change" is not the issue as far as 24/7 Wall St. covers it.Green business has become big business, and this affects many publiccompanies today.

Earlybird Analyst Calls (June 6, 2007)

AGN started as Buy at Jefferies.
AW started as Outperform at Credit Suisse.
BAY started as Overweight at JPMorgan.
CACH cut to Neutral at Merriman Curhan Ford.
CIEN started as Outperform at Piper Jaffray.
CPNO started as Outperform at Morgan Keegan.
EPD started as Outperform at Morgan Keegan.
EPE started as market perform at Morgan Keegan.
ETE started as Outperform at Morgan Keegan.
ETP started as Outperform at Morgan Keegan.
GILD cut to Neutral at Credit Suisse.
IMA started as Buy at Stifel Nicolaus.
JCI raised to Outperform at Credit Suisse.
KMP started as Outperform at Morgan Keegan.
KSE raised to Neutral at Credit Suisse.
LOOP started as Buy at Sun Trust Robinson Humphrey.
MNT started as Buy at Jefferies.
NTEC started as Outperform at Rodman & Renshaw.
ORBC started as Outperform at CIBC.
RSG started as Outperform at Credit Suisse.
SINT cut to Hold at Stifel Nicolaus.
TEVA raised to Outperform at Credit Suisse.
VLTR cut to Sector Perform at CIBC.
VRUS started as Buy at B of A.
WMI started as Outperform at Credit Suisse.

Jon C. Ogg
June 6, 2007