Taking Chrysler Through A Chapter 11
Because Chrysler is now a private company, no one outside the corporation and its investors has a precise picture of its finances. Through the first nine months of this year, Chrysler sold 1.18 million…
All Work
Douglas A. McIntyre
If Sears (SHLD) Can’t Extend Credit, Sales Could Fall 10%
Sears (SHLD) is already one of the weakest retailers in the US. Firms such as Wal-Mart (WMT) and Best Buy (BBY) have, in most cases, better merchandise, better store locations, and buying power to…
As Verasun (VSE) Goes Chapter 11, The Ethanol Industry Faces Serial Failures
The most prominent ethanol energy company in the US, Verasun (VSE), is filing for Chapter 11. Among other things the firm has been pinched by falling oil prices, which make ethanol less attractive, and…
Margin Calls Hit Execs Left & Right (AIV, BSX, CPE, CHK, DNR, LTM, PROV, PHM, SPA, STRL, WSM)
There are many C-Suite executive from Wall Street to main Street that didn’t exactly get their stock priorities right. Many company executives are getting margin calls and are being forced to liquidate their stocks. …
Happy Halloween From 24/7 Wall St. (pic.)
HAPPY HALLOWEEN !!!!! It is after 6:00 PM and it is now the weekend, so for the lighter side of Wall Street we wanted to wish you a Happy Halloween. It is always important…
The 52-Week Low Club (CTV)(EK)(PWAV)(BARE)
Commscope (CTV) Downgraded by Baird. Drops to $14.55 from 52-week high of $56.50. Eastman Kodak (EK) Weak forecast. Sells down to $8.94 from 52-week high of $29.08. Powerwave (PWAV) Poor earnings and downgrade. The…
Similar Results, Different Outcomes (MDU, MEE)
There are two companies which have reported earnings where the reactions to the same sort of news were entirely different. Here are the reports at MDU Resources (NYSE:MDU) and Massey Energy (NYSE:MEE).
The Burning Man Visits Ethanol (PEIX, AVR, VSE)
Ethanol stocks have been getting pounded since their IPOs and the sector has lost its luster. Pacific Ethanol Inc. (NASDAQ:PEIX) was the exception for a while as it has Bill Gates as an investor…
Obama fear?
By John Tamny and Rob Arnott for FT Online The Dow Jones Industrial Average fell 12.5 per cent on October 29, 1929. Many commentators at the time and later suggested that stocks had simply…
Day Trader Alerts (RATE)(THOR)(PWAV)(GKK)
New day trading alerts from VSInvestor A 33% run-up in Bankrate (RATE), for more details. Thoratec (THOR) up 12%, details.
Credit Suisse Dims Solar Expectations (JASO, SOL, STP)
Credit Suisse has come out today with a call against the solar sector from its Asian team. It is not downgrades, but the firm slashed its price targets to more in-line levels after these…
Chevron Delivers, But Traders Look Out Of Gas (CVX)
Today we got earnings from oil giant Chevron Corp. (NYSE: CVX). The company posted earnings of $7.89 billion for the quarter, which translates to $3.85 per share. That is well above the same quarter…
KBR: A Strictly Cash Business (KBR)
KBR Inc. (NYSE:KBR) reported third quarter earnings before the market opened today. The company posted EPS of $0.44 on revenue of $3 billion, virtually on target with analysts’ estimates of $0.43 EPS and revenue…
Chesapeake: When Hedging Pays Off (CHK)
Predictably, as prices for crude oil and natural gas have fallen over the past two months or so, commodity hedges that were once underwater have popped to the surface again. Chesapeake Energy Corp. (NYSE:CHK)…
Early Bird Analyst Upgrades (RATE, BBY, GOL, HIW, IPCS, JAH, PPO)
These are some of the early upgrades and positive calls we are seeing from Wall Street research analysts this Friday morning with about two and a half hours until the open: Bankrate (RATE) Raised…
Early Bird Analyst Downgrades (DO, ESV, HBC, MORN, PPO, PWAV, RDC, TDW, TROW)
These are some of the early analyst downgrades we are seeing from Wall Street this Friday morning with about two and a half hours until the open: Diamond Offshore (DO) Cut to Hold at…
The Economy Crumbles Even Video Games Go To Hell
In a recession, people are supposed to be able to buy soap, hamburgers, beer, and video games. This downturn may be worse than most. Electronic Arts (ERTS), posted a net loss of $310 million…
Barclays (BCS) Shows Why Taxpayer Bailouts Are Junk
Barclays (BCS) turned down cash from the UK government. Unlike most large US banks, it did not want to trade independence for money. Companies such as Goldman Sachs (GS), JP Morgan (JPM), and Citigroup…
The Justice Department Kicks Yahoo! To The Curb
Google (GOOG) got Yahoo! (YHOO) into talks about a partnership as a cruel joke. It gave the portal company hope that it can increase its revenue though a joint sales venture, then made a…
GM (GM) Rolls Snake Eyes
So much for the plan that GM (GM) would get loot from the Federal Reserve to buy Chrysler. Sources say that the administration will no not put cash into an auto rescue deal. That…