All Work

Douglas A. McIntyre

RailAmerica Comes Public, Again (RA, FIG)

Private equity firms keep exiting their old buyouts when they can.  This morning we have an initial public offering from RailAmerica, Inc. (NYSE: RA) for some 22,000,000 shares of common stock.  This is being…

Douglas A. McIntyre · 17 years ago

Cuban’s Demand For Legal Fees May Have Spurred SEC Appeal

Last week the SEC announced that it intended to appeal the dismissal of insider trading charges against Mark Cuban. Cuban is accused of having sold his stake in Mamma.com after the company’s chief executive officer…

Douglas A. McIntyre · 17 years ago

Cisco (CSCO) Fans M&A Flames, Buys Starent (STAR) For Premium

Cisco Systems, Inc. (NASDAQ:CSCO) was certainly anxious to buy Starent Networks (NASDAQ:STAR). It paid $35 a share for the supplier of IP-based mobile infrastructure solutions. Starent closed at $29 yesterday. Cisco expects the acquisition…

Douglas A. McIntyre · 17 years ago

CIT Chairman/CEO Out (CIT)

CIT Group Inc. (NYSE: CIT) is now effectively without a CEO.  The troubled financial company has just announced that Jeffrey M. Peek informed CIT’s board of directors of his plans to resign.  This resignation…

Douglas A. McIntyre · 17 years ago

Top Analyst Upgrades (C, CY, DRYS, LRCX, ONNN, PSUN, PKX, RL)

These are this morning’s top analyst upgrades and positive research calls from Wall Street firms we have seen with about two hours until the market opens: Citigroup (C) Started as Buy at Deutsche Bank.…

Douglas A. McIntyre · 17 years ago

Top Analyst Downgrades (CRZO, COH, LDK, SYNA, SJM)

These are this morning’s top analyst downgrades and cautious calls from Wall Street firms we have seen with about two hours until the market opens: Carrizo Oil & Gas (CRZO) Cut to Neutral at…

Douglas A. McIntyre · 17 years ago

Meredith Whitney Dumps Goldman Sachs Ahead of Earnings (GS)

Goldman Sachs Group Inc. (NYSE: GS) is on deck for earnings this week.  Its earnings news may have just been derailed by a key influential analyst call.  Meredith Whitney, now with Meredith Whitney Advisory…

Douglas A. McIntyre · 17 years ago

Crude Pushes Back Toward $75

If a very minor recovery in the global economy pushes oil back toward $75, what will a robust expansion do? Crude moved to $73.79 on the New York Mercantile Exchange. The reason for the rise…

Douglas A. McIntyre · 17 years ago

CIT (NYSE:CIT) Closer to Bankrutcy

Investors who have dumped CIT (NYSE:CIT) stock since September 29 are looking smart. The shares have dropped from $1.67 on the 29th to $1.04. It appears that debtholders of paper from the lender to…

Douglas A. McIntyre · 17 years ago

Media Digest 10/13/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Reuters: The healthcare plan is about to take a step forward in Congress. Reuters:   The debt swap at CIT (NYSE:CIT) is in trouble and could cause bankruptcy. Reuters:   Summers says Obama policies saved economy.

Douglas A. McIntyre · 17 years ago

Asia Markets And Europe Open 10/13/2009

Most markets in Asia rose. The Nikkei was up .6% to 10,055. Honda (NYSE:HMC) gained. The Hang Seng was up 1.5% to 21,603. HSBC (NYSE:HBC) was up. The Shanghai Composite was higher by 1.4%…

Douglas A. McIntyre · 17 years ago

52-Week High Club

IBM (NYSE: IBM) hit a yearly high of $126.67 after the company announced that it had renewed its marketing and services relationship with the National Football League. The Blackstone Group (NYSE: BX) surged over…

Douglas A. McIntyre · 17 years ago

Regulatory Risks Hit Macau Casinos (WYNN, LVS, MPEL)

News out of Macau, China is crushing some of the gambling stocks that have direct operations in Macau.  It looks like the Chinese are considering curbing the number of gambling tables, the minimum age…

Douglas A. McIntyre · 17 years ago