Freddie Mac (FRE) Manages To Lose $25 Billion
Freddie Mac (FRE) reported a net loss of $25.3 billion, or $19.44 per share, for the quarter ended September 30, 2008, compared with a net loss of $1.2 billion, or $2.07 per share, a…
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Year: 2008
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Newest first · Page 54Wynn Secondary Offering Should Be A ‘How-To-Model’ (WYNN, LVS)
Wynn Resorts Limited (NASDAQ: WYNN) accomplished a capital raise which looks to be at a far less of a discount and at much better terms than the recent financing over at Las Vegas Sands…
Top 10 Early Analyst Upgrades & Downgrades (FUL, OZM, REP, TOL, DOV, EMR, GA, GSK, MEDX, RDS-A)
These are ten of the top pre-market early bird upgrades and downgrades we are seeing from analysts this Friday morning: H.B. Fuller (NYSE: FUL) Raised to Overweight at JPMorgan. Och-Ziff Capital (NYSE: OZM) Started…
Wilbur Ross: Auto Bankruptcies Won’t Work
Restructuring expert Wilbur Ross says that car companies should stay out of Chapter 11. A bankruptcy of one of the firms would push large parts of the economy into depressions. According to Bloomberg, “If…
Fifteen Country Euro Zone Moves Into Recession
In news which should surprise no one, all of Europe has moved into a recession. According to The Wall Street Journal, "The European Union said the 15-country euro zone is in recession as figures…
OPEC Prepares To Wage War
As ironic as it may seem, the finances of OPEC members may be as bad as at any time in recent memory. They have become poor as quickly as they became rich earlier this…
Boeing (BA) Takes Another Chance To Ruin Its Prospects
It seems like only yesterday that Boeing (BA) settled a six-week strike with its machinists. That took six weeks and delayed production of scores of planes which have customers panting to get delivered. The…
Zero Percent Financing For Everything
The major car companies have been offering zero percent financing on most of their models for several months now. That deal even applies to seven-year loans. It may have stimulated sales. In a bad…
Citigroup (C): Vikram Pandit’s Grand Strategy Of Cutting People
Perhaps it is a remarkable failure of imagination or just animal panic. A day after Citigroup (C) hit a multi-year low and spent time below $10, CEO Vikram Pandit’s answer was to buy a…
Media Digest 11/14/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, concerns about the global economy are growing as the G20 nations are meeting. Reuters says that Congress challenged banks on how they would use bailout funds. Reuters reports that companies including…
Asia Market And Europe Open 11/14/2008
Markets in Asia were sharply higher. The Nikkei rose 4% to 8,486. The Hang Seng was up 4.4% to 13,620. The Shanghai Composite rose 2.3% to 1,972. At the open the FTSE was up…
Most Overpaid CEO Of The Day: Ron Snyder Of Crocs (CROX)
Leave aside being overpaid. It is stunning that Ron Snyder, CEO of Crocs (CROX), can keep his job. After repeated earnings disappointments, shares in the company hit a 52-week low today of $.79, down…
Worst Corporate Press Release Of The Day: McGraw-Hill (MHP)
From time to time, corporate public relations departments put out information that they later regret having released. To draw attention to their troubles, they issue a second release which has the term "Kill, Kill,…
The 52-Week Low Club (C)(CROX)(MSFT)(INTC)(WCG)(GE)
GE (GE) Concerns about dividend and financial services arm. Drops to $14.58 from 52-week high of $39.95. Citigroup (C) Huge consumer lending portfolio becomes more of a time bomb. Drops to $8.27 from 52-week…
City Holding Company Files To Raise Cash (CHCO)
City Holding Company (NASDAQ: CHCO) has filed to raise up to $100 million. The company will be able to issue any combination of common stock, preferred stock, warrants to purchase common stock, warrants to…