WIND POWER IPO FILING: First Wind Holdings (WNDY)
We’ve just seen a filing for an initial public offering from First Wind Holdings Inc., which looks actually to be a holding company that owns class A and class B "Units" of First Wind…
All Work
Douglas A. McIntyre
Big Activist Stake Send WaMu Soaring (WM)
We are seeing a substantial move in shares of Washington Mutual, Inc. (NYSE: WM). British Activist fund Toscafund Asset Management LLP has disclosed in an SEC Filing that it has accumulated a 6% stake…
Aventine Renewable Braces For Earnings (AVR)
Aventine Renewable Energy Holdings, Inc (NYSE: AVR) is set to report earnings after today’s close. First Call has estimates pegged at $0.13 EPS on $611.6 million in revenues. If it offers guidance, estimates are…
Hummers and Hindu Cows? (GM, F, TTM)
If we told you General Motors (NYSE: GM) was having troubles and needs to trim bad brands (and more workers), you’d accuse us of working for for the government’s Department of Redundancy Department. But…
Gold Miners Deliver July Coal for Christmas (ABX, GG)
So much for high gold prices translating to earnings. Barrick Gold Corp. (NYSE:ABX) and Goldcorp Inc. (NYSE:GG) both reported second quarter numbers before market open today, and both reports were on the weak side.…
Q2 GDP: The Recession Without A Recession
Today’s "OFFICIAL" Gross Domestic Product (GDP), or GNP for those of us old school guys, is somehow managing to hang in there. Today’s official Q2 preliminary GDP from the Commerce Department came in at…
Black Gold Drives Exxon (XOM)
Exxon-Mobil (XOM) has proven once again that while the rest of the economy is in rags, big oil mints money. And, that is the way it should be. No one holding shares in the…
Icahn, ImClone, Bristol-Myers… A 3-Way Marriage (IMCL, BMY)
Another biotech giant is biting the dust via a buyout offer. ImClone Systems Inc. (NASDAQ: IMCL) has been given a buyout offer from Bristol-Myers (NYSE: BMY) at $60.00 per share. As per the filing:…
Top Pre-Market Analyst Downgrades (AKAM, AVP, CPKI, CBG, FDX, GGP, HOLX, JLL, TIN, THQI, TBL, TROW, USNA)
These are the early bird Downgrades and negative calls from analysts we are seeing this Thursday morning: Akamai (AKAM) Cut to Market Perform at FBR. Avon (AVP) Cut to Hold at Deutsche Bank. California…
GM (GM) Turns From Downsizing To Panic
GM (GM) has developed the pattern of matching bad news with more bad news. Since the company does still have some bright spots, it may want to balance its public relations act. Its relentlessly…
Deutsche Bank (DB) Follows Merrill Lynch (MER) To Signal Crisis Redux
"You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time."–Abraham Lincoln…
Starbucks (SBUX) Chases The Economy Towards Its Bottom
Starbucks (SBUX) posted its first loss as a public company but gave investors something to hang on to. It reaffirmed that it will do better in fiscal 2009. To do that the company has…
T. Boone Pickens For President
T. Boone Pickens is a Whirling Dervish of a man. At 84, he spins from Congressional appearances to CNN and then stages his own town hall meetings on alternative energy. Pickens now makes more…
Hasbro (HAS) Would Be Nuts Not To Fight “Scrabulous”
Hasbro Inc. (HAS) is getting quite a bit of flack from every corner of the Internet for waging a legal battle against the popular Facebook knock-off of Scrabble called "Scrabulous." Much of the criticism…
Media Digest 7/31/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, T Boone Pickens is seeking an "army" of business leaders and citizens to back alternative energy. Reuters reports that Starbucks (SBUX) posted if first loss as a public company but back…
Asia Market 7/31/2008 (NTT)(CN)(SNP)
Markets in Asia were mixed. The Nikkei was up .1% to 13,377. NEC was up 2.4% to 593. NTT (NTT) was up 4% to 553000. The Hang Seng was up .3% to 22,764. China…
Standard Oil Earnings On Deck: Exxon vs. Chevron (XOM, CVX)
This week has already been an interesting week in the oil patch, but for big oil stocks the expression "You ain’t seen nothin’ yet" is perhaps more appropriate than ever. On Thursday morning we’ll…
Visa’s Earnings Cheer: “Charge!” (V)
Credit card clearing and processing giant Visa Inc. (NYSE: V) just posted earnings with an adjusted $0.59 EPS on $1.6 Billion in revenues. First Call had estimates pegged at $0.48 EPS on $1.55 Billion. …
Starbucks (SBUX) Has First Quarterly Loss In Its History
The expectations for Starbucks (SBUX) were very low. That probably has not been true since the company went public. But, Starbucks was able to come in below a worst case, the hallmark of a…
First Solar Lights The Sky (FSLR)
First Solar, Inc. (Nasdaq: FSLR) is soaring after the close. The company just announced its quarterly earnings of $0.85 EPS on $267 million in revenues. First Call has estimates pegged at $0.58 EPS on…