Archive

Year: 2008

All Year: 2008 Articles

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Durect Files To Raise Cash (DRRX)

Durect Corporation (NASDAQ: DRRX) has just filed for a shelf registration to sell up to $75,000,000.00 worth of securities.  This shelf will allow the company to sell any combination of common stock, preferred stock,…

Douglas A. McIntyre · 18 years ago

Blue Nile Shows Zero Visibility (NILE)

Blue Nile, Inc. (NASDAQ: NILE) has posted its quarterly earnings, and it looks like the results are probably not as bad as many would have guessed.  The leading online retailer of diamonds and fine…

Douglas A. McIntyre · 18 years ago

The 52-Week Low Club (THC)(HLF)(HNT)(FCSX)

Tenet Healthcare (THC) Misses numbers and forecasts. Down to $2.52 from 52-week high of $6.88. Herbalife (HLF) Bad outlook equals three-year low. Falls to $17.23 from 52-week high of $51.09. Health Net (HNT) Nice…

Douglas A. McIntyre · 18 years ago

Worst Corporate Press Release Of The Day: Chrysler

Leave it to Chrysler to follow up one of the worst months in its history with a press release about its new gas-guzzling Challenger. Chrysler’s vehicles sales dropped 35% in October. The car company…

Douglas A. McIntyre · 18 years ago

Weak Dollars, Weak Presidencies

By John Tamny of RealClearMarkets The late Hall of Fame football coach Bill Walsh used to say that the quarterback’s footwork often told the tale of games. If Walsh lacked access to the scoreboard,…

Douglas A. McIntyre · 18 years ago

Thor’s RV Sales Follow Credit Off The Cliff (THO, WGO)

Thor Industries, Inc. (NYSE: THO) issued its preliminary sales and backlog guidance, and as the company sells RV’s you could have likely guessed that sales were down sharply.  Thor said that for the quarter…

Douglas A. McIntyre · 18 years ago

ADM Shows Issues in Corn vs. Crude (ADM, VSE, APC, HOC, PEIX, AVR)

This morning’s earnings report from Archer-Daniels-Midland (NYSE:ADM) offers proof that if a company is going to be in the ethanol business, it had better have a fallback position.  ADM blew past analysts’ estimates of…

Douglas A. McIntyre · 18 years ago

W&T Offshore: Good Quarter Even With Hurricanes (WTI)

Before the market opened this morning W&T Offshore (NYSE:WTI) reported third quarter EPS of $1.03 on revenue of $290 million. Analysts had been expecting EPS of $0.82 on revenue of $276 million. Backing out…

Douglas A. McIntyre · 18 years ago

Cliffs Natural Resources: Trouble in Mergertown (CLF, ANR)

The proposed merger between Cliffs Natural Resources (NYSE:CLF) and Alpha Natural Resources (NYSE:ANR) has run over more than a few bumps. Cliffs’ largest shareholder, Harbinger Capital, tried to acquire enough shares to block the…

Douglas A. McIntyre · 18 years ago

Daily Slaughterhouse: FCStone Group (FCSX)

FCStone Group, Inc. (NASDAQ: FCSX) is getting crushed after its update on liquidity, credit issues, and commodity volatility.  The commodity risk management firm now expects to incur up to a $25 million pre-tax bad…

Douglas A. McIntyre · 18 years ago

Autodesk Not On Auto Pilot (ADSK)

Autodesk, Inc. (NASDAQ: ADSK) came out this morning with an updated guidance, and you can guess that the guidance was lowered like it has been at so many other established technology and software firms. …

Douglas A. McIntyre · 18 years ago