Earnings Preview: Sprint Nextel Corp. (S)
If there is one ugly telecom company in the major telecom stocks, it is Sprint Nextel Corp. (NYSE: S). The company reports earnings tomorrow morning. The estimates from First Call are $0.18 EPS on…
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Year: 2008
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Newest first · Page 355Suncor Energy Tries Stock Split Game (SU)
Maybe not all companies want to try the "high price stock" game. Tonight, Suncor Energy Inc. (NYSE: SU) announced it would pursue a two-for-one stock split. With a price at $102.84 it isn’t too…
Strange IPO Filing: Specialty Metals Group Indium Corp. (IND.U, IND)
Specialty Metals Group Indium Corp. has filed to come public via an initial public offering. This is technically not a SPAC and technically not an ETF and technically not a tracking stock, but Specialty…
Despite Multiples, Salesforce.com Shares Rise On Raised & In-Line Guidance (CRM)
Salesforce.com (NYSE: CRM) has just posted a more than ten-fold rise in net earnings with $0.06 EPS on a 50% gain in revenues to $216.9 million. First Call had estimates pegged at $0.04 EPS…
The 52-Week Low Club (NT)(DY)(GCI)(ADSK)(CVTX)
Dycom Industries (DY) Posts loss on lawsuit settlement. Falls to $11.88 from 52-week high of $34.13. Nortel (NT) Big loss and lay-offs. Down to $9.67 from 52-week high of $30.27. Journal Register (JRC) Sells…
SPAC IPO FILING: Orbit Acquisition Corp. (OSW, OSW.U)
Orbit Acquisition Corp., a SPAC, or special purpose acquisition corporation, submitted an IPO filing today. The filing shows up to $250 million in proceeds with a usual SPAC target share price of $10 per…
Earnings Surprise of the Week: S1 Corp. (SONE)
S-1 Corp. (NASDAQ: SONE) managed to be perhaps the biggest earnings surprise of the week. The online platform provider for banking sites reported increased earnings in 2007 with a net income of $19.5 million…
Standard Pacific Looking To Raise Capital (SPF, XHB)
Standard Pacific Corp. (NYSE: SPF) is doing something some might not expect out of a homebuilder. It filed to raise up to $600 million by issuing securities and debt to fund the development or…
SPAC Alert: BPW Acquisition Corp. Begins Trading (BPW, BPW.U)
BPW Acquisition Corp., a SPAC or special purpose acquisition corporation, was listed by the American Stock Exchange this morning under the symbol “BPW.u”. The gross proceeds for the offering are $350 million off of…
China Railway Construction Pricing At Top Of Range
China Railway Construction Corp. announced that it intends to price its initial public offering at the high end of its range. At a price of 9.08 yuan ($1.27), the offering is valued at roughly…
New ETF’s Target “Fund of Fund” and “Target Date” Strategies (STT)
State Street Corporation (NYSE: STT) has announced this morning that its State Street Global Advisors "SSgA" has filed an SEC application for exemptive relief for a series of actively managed, target-date exchange traded funds…
Kinder Morgan Juices Secondary Offering (KMP)
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) reported that its secondary offering of additional common units has been raised to a value of approximately $282 million due to a 15% increase in the number…
Will Intel Have To Lower Guidance Again? (INTC)
Intel Corp. (NASDAQ: INTC) is seeing shares drop some 2% in early trading after JPMorgan trimmed estimates on the chip and processor giant. The brokerage report showed an under-trend pattern in its channel checks…
Oil At $102: Lowering The Gas Tax
Most economists believe that raising taxes on gasoline reduces consumption. Some favor raising rates higher as a way to drop prices by curtailing demand. That might work if no one in China ever used…
Lehman Starts Homebuilders (DHI, HOV, KBH, LEN, PHM, RYL, TOL)
Lehman Brothers has initiated coverage of some key homebuilders this morning: DR Horton (NYSE: DHI) started as Overweight. Hovnanian (NYSE: HOV) started as Underweight. KB Home (NYSE: KBH) started as Equal-Weight. Lennar (NYSE: LEN)…