Insider Buying: Mel Karmazin of SIRIUS (SIRI)
Mel Karmazin, CEO of Sirius Satellite Radio Inc. (NASDAQ: SIRI), has added to his position of company stock. In a show of force to show that he doesn’t want further share erosion or that…
All Work
Douglas A. McIntyre
Bankrate Earnings: Half Empty & Half Full (RATE)
Bankrate Inc. (NASDAQ: RATE) has just posted non-GAAP EPS of $0.33 on a 70% gain in revenues to $40.2 million. First Call estimates were $0.33 EPS on $40.22 million. The trick to judging this…
The 52-Week Low Club (NR)(KBR)(MTW)(TIE)(CHIC)(SIRI)(CIEN)
Western Refining (WNR) Snag at one of the company’s units and falling oil prices gang up. Drops to $6.47 from 52-week high of $58.95. KBR (KBR) Rough earnings numbers. Down to $22.94 from 52-week…
Blowhard Greenspan Writes School-Boy Essay On Recession
In the event that investors do not understand that banks are in trouble and that the global economy faces a deep recession, Alan Greenspan has written it all out. The former Fed boss is…
Lehman (LEH) May Raise Cash, Dilute Shareholders
Lehman (LEH) may have to raise several billion dollars. With its market cap below $13 billion, that could be painful for current holders of its common shares. According to Reuters, "Lehman Brothers Holdings Inc…
M/I Homes Files To Raise Cash (MHO)
M/I Homes, Inc. (NYSE: MHO) has just filed for a mixed shelf registration statement with the SEC that will give it the right to sell up to $250 million in securities. The company can…
As Oil Breaks $120, Traders Looking Lower
Does it seem odd that oil prices have continued to fall despite a fairly rapid tropical storm in the Gulf of Mexico developed over the weekend, while a Valero plant had a minimal outage…
WCI Raises Black Flag, Skull & Crossbones (WCI)
We have yet to see public homebuilders file for Chapter 11 bankruptcy protection. WCI Communities Inc. (NYSE: WCI) is the first of the former large homebuilders to file for bankruptcy protection. The homebuilder has…
Icahn & ImClone Merger Game with Bristol-Myers: Bluff vs. Chicken (IMCL, BMY)
Carl Icahn and friends at ImClone Systems Incorporated (NASDAQ: IMCL) have now formally responded to Bristol-Myers Squibb Company (NYSE: BMY) regarding the cash buyout of the company. The company’s board of directors has formed…
The Stagflation Kid Rides Again
Today’s inflation and employment numbers had the putrid scent of the recent past on them along with a whiff of a decaying future. Prices rose .8%, which takes the economy back to inflation rates…
Rackspace Gets Ready For IPO (RAX)
This week will mark another somewhat unusual mark for IPO’s as a technology and communications player with an established name is set to come public. Rackspace Hosting, Inc. (NYSE: RAX) is coming public at…
Top Pre-Market Analyst Upgrades (AKAM, AIV, AMGN, CNX, KND, MCO, NEU, PH, SE)
These are some of the key analyst upgrades and positive calls we have seen early this Monday morning with over 2 hours to open: Akamai Tech (AKAM) Raised to Buy at Jefferies. Amgen (AMGN)…
Top Pre-Market Analyst Downgrades (BIIB, CBEY, EHTH, NT, OSK, PAET, RYAAY, SVNT)
These are some of the key analyst downgrades and negative analyst calls we have seen early this Monday morning with over 2 hours to open: Biogen Idec (BIIB) Cut to Sell at Banc of…
Intel (INTC) Goes For The Kill With AMD (AMD) And Nvidia (NVDA)
Intel (INTC) is about to hit the market with a new set of graphics chips and they are aimed directly at the hearts of Nvidia (NVDA) and AMD (AMD) which both count of the…
HSBC (HBC) Earnings: Storm Flags Go Up For US Banks
HSBC (HBC) is the latest money center bank to be clobbered by more write-downs. For the most recently reported quarter net profit fell to $7.72 billion from $10.9 billion a year earlier and that…
How Slow Will Video Game Sales Get? (SNE)(MSFT)
Nintendo owns so much of the video game console market that it may be coming up against market share problems. But, the entire industry could be facing the issue of whether it has picked…
GM (GM) And Ford (F) Can See The Future In Chrysler Financing Troubles
Chrysler had a fair amount of trouble re-financing a relatively large portion of its debt. The company’s finance division was only able to raise $24 billion to replace a $30 billion facility. The money…
What The 2009 Recession Looks Like Today
Orchard Lake, Michigan, August 3rd, 2008. A modest-sized office building with room for twenty tenants just north of this town of well-to-do homeowners does not have a single tenant. It is not unusual for…
Ethics Watch: Bear Stearns Fails To Disclose CEO’s Severe Illness
In an interview with Fortune that will be published shortly, James Cayne told a reporter that he was in the hospital for 10 days back in September, suffering from sepsis triggered by a severe…
Carl Icahn: Lost In A World He Predicted (MOT)(YHOO)(BIIB)(BBI)
Carl Icahn has evolved over the years, first rising to fame a "corporate raider", followed by an ill-fated journey into actual management at the helm of TWA and, most recently, as a kinder, gentler…