DryShips Goes For Capital Raise, Again (DRYS)
DryShips Inc. (NASDAQ: DRYS) just hexed its investors who were hoping to see the stock keep running over the $7.00 hurdle. The company just announced that it has commenced a public offering of $300…
All Work
Douglas A. McIntyre
Melco Crown Outlines IPO Risks at Las Vegas Sands, MGM Too (MPEL, LVS, MGM, WYNN)
Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is holding up better than many might have expected after the stellar rise seen in the casino stocks with Macau ties. Melco Crown turned a wider loss over…
52-Week High Club (AGO, SMTL, SINA, TWB)
Assured Guaranty Ltd. (NYSE: AGO) over 32% to a yearly high of $28.14 after the company posted earnings of $0.44 per share, beating analysts estimates. Semitool Inc (NASDAQ: SMTL) rose over 30% to…
Steel IPO Filing: Hirschfeld Industries, Inc. (HSFD)
Hirschfeld Industries, Inc. filed after the close on Monday to come public via an initial public offering of up to $150,000,000 in equity being sold via the New York Stock Exchange under the stock…
FDA: Thin Blood, Sour Stomach (AZN)(BMY)(SNY)
The FDA is routinely criticized for being a poor steward of drug research and pharmaceutical side effects. The agency proved once again why much of the criticism is justified. The FDA today said that two…
SPAC/Blank Check IPO Filing: 57th Street General Acquisition Corp.
The world of special purpose acquisition companies may get yet another new entrant. After the close of trading on Monday came the filing for 57th Street General Acquisition Corp. to come public via an…
Soros Fund Holdings
Yesterday Soros Fund Management Filed a 13-F outlining the fund’s long portfolio as of September 30th, 2009. The total value of the holdings reported in the filing is $6,198,089. Twenty holdings represented roughly 50%…
Today’s Best Market Rumors (11/17/2009) New Bid For Cadbury
Updated throughout the day. Updated 4.06 PM EST: “U.S. chocolate giant Hershey Co. has been in high-level talks with Italian chocolate maker Ferrero Spa to possibly craft a rival joint bid to Kraft Foods…
Top Day Trader Alerts (NLST, SPWRA, SPWRB, NGSX, PSUN, SMTL, AMAT)
These are this Tuesday’s top day trader and active trader alerts with more details and analysis linked through to each stock over at VSInvestor.com: Netlist Inc. (NLST) is seeing small profit taking after a…
Exposing the Myths About China and the Yuan
By John Tamny of Forbes “Money is nothing but a medium of exchange…” – Ludwig Von Mises, The Theory of Money and Credit, p. 31 By John Tamny President Obama’s arrival in…
Semitool Becomes Part of Applied Materials (SMTL, AMAT)
Semitool, Inc. (NASDAQ: SMTL) has become the perfect fit for Applied Materials, Inc. (NASDAQ: AMAT). Applied has decided to acquire the maker of multi-chamber single-wafer and batch wet chemical processing equipment used in the…
Top 10 Analyst Upgrades, Downgrades, Initiations (DVN, XOM, HES, ITW, LEA, NFLX, PALM, PARD, SPWRA, VRTX)
These are this morning’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research calls: Devon Energy (NYSE: DVN) Raised to Outperform at Wells Fargo. Exxon Mobil Corp. (NYSE: XOM) Raised to…
Mortgage Loan Deliquencies Move Up Toward All-Time Record
Mortgage loan delinquency (the ratio of borrowers 60 or more days past due) increased for the 11th straight quarter, hitting an all-time national average high of 6.25 percent for the third quarter of 2009,…
Transportation Companies Expect Huge Stimulus Windfall
New research indicates that transportation companies will benefit the most from the government’s huge stimulus investment in infrastructure. According to a new ChangeWave survey of 313 people who work for companies involved with infrastructure projects…
Did NY Fed Cost Taxpayers Billions?
There are two sides to every story, and sometimes three, four or five. An audit by the Special Inspector General for the Troubled Asset Relief Program claims that the Federal Reserve Bank of New…
The Pay Czar Blinks, A Little
The pay czar, Kenneth Feinberg, is tough man. He has forced firms that have taken TARP money to sharply drop the base salaries of their senior managers. Executives will have to take more of…
Should McDonald’s And Wal-Mart Shelter The Mentally Ill And The Homeless?
It could be the economy or the fact that spending time in McDonald’s (NYSE:MCD), Target (NYSE:TGT), Starbucks (NASDAQ:SBUX), and Wal-Mart (NYSE:WMT) is more pleasant than it used to be. All of these retailers certainly…
Unemployed, But Still A Homeowner
There were two speeches by senior members of the US government about unemployment yesterday. The one that received the most attention was Federal Reserve chief Ben Bernanke’s talk at the Economic Club of New…
Media Digest 11/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
Reuters: The head of GMAC quit. Reuters: Microsoft (NASDAQ:MSFT) co-founder Paul Allen has cancer. Reuters: The Fed will keep rates low. Reuters: Lehman sued Barclays (NYSE:BCS) over a “wind fall” profit on assets.
Asia Markets And Europe Open 11/17/2009
Markets in Asia were mixed. The Nikkei fell .6% to 9,730. Sony (NYSE:SNE) dropped. The Hang Seng was down .1% to 22,914. The Shanghai Composite rose .2% to 3,283. At the open in Europe,…