IPO FILING: Safe Bulkers (SB)
Late Friday afternoon, a filing came from Safe Bulkers, Inc. for a proposed IPO of its shares. The company has applied for the ticker "SB" on NYSE. Pricing indications are 10 million shares in…
All Work
Douglas A. McIntyre
Top 10 Pre-Market Analyst Calls (AKAM, AEO, ARBA, BBI, CPWR, DVAX, FNSR, NCC, TOO, TXN)
These aren’t the only analyst calls this Monday morning, but these are the ones we are focusing on early this morning: Akamai Tech (NASDAQ: AKAM) Cut to Hold from Buy at Citigroup. American Eagle…
National Association for Business Economics Call For Prolonged Problems
National Association for Business Economics members say that the housing disaster and credit problems "might" get better this year. The economic downturn and job losses could go on much longer. According to the AP…
More Bad News For Yahoo! (YHOO): Display Ad Market In Trouble
Recent data on advertising buying patterns show that online marketers are moving toward search advertising and away from display ads. Some of the numbers are more than worrisome. The New York Times writes that…
A Chance For Electronic Arts (ERTS) To Walk On Take-Two (TTWO)
It is about the time that Electronic Arts (ERTS) is expected to extend its hostile bid of Take-Two Interactive (TTWO). Take-Two has argued that it is worth much more than the EA offer. Two…
Big Asia Money See “Sucker Rally” In Region
Asian markets are way up since March. Investors hope that the region has dodged the bullet of a slowdown in the West. A sharp recession in America could cause a drop in demand for…
Bell Canada (BCE): The Battle For The Last Great LBO
The skulduggery of banks who want out of LBOs is already widely known, and expected. Big financial companies have tried to put the legs out from under a deal to take Clear Channel (CCU)…
Media Digest 5/19/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Rueters, Microsoft (MSFT) has proposed a partnership with Yahoo! (YHOO), in place of a buy-out, which may push Carl Icahn to try to get a deal for Yahoo! to set up a…
Asia Markets 5/19/2008 (CN)(SNP))
Markets in Asia were narrowly mixed. The Nikkei rose .4% to 14,270. Kobe Steel was up 4.6% to 344. Mitsubishi Corp was up 4.8% to 3870. The Hang Seng rose .2% to 25,661. China…
Microsoft (MSFT) Renews Talks With Yahoo! (YHOO)
It look like Carl Icahn and his friends and fellow institutions may be about to make some real money on Yahoo! (YHOO) stock. They probably bought in at $25. They may get $31 to…
Earnings Duel: Lowe’s Vs. Home Depot (LOW, HD)
This week we’ll get to see earnings out of home improvement giants Lowe’s Companies Inc. (NYSE: LOW) and Home Depot Inc. (NYSE: HD). Lowe’s Companies Inc. (NYSE: LOW) reports earnings on Monday. First Call…
BA To Gound Jets To Save Fuel (NWA)(DAL)(AMR)
In a move that should be imitated by large US carriers like AMR (AMR), Delta (DAL), and Northwest (NWA), British Airways will ground part of its fleet to save money because of the rising…
More Craziness At Dell (DELL)
Late word is that Dell (DELL) may team up with interests in the Middle East to buy several companies in the region including a mobile phone company. According to Reuters Tecom in Dubai "said…
Starbucks Worth Little More With Peltz (SBUX, WEN)
Yesterday was a more than interesting day for Starbucks Corp. (NASDAQ: SBUX). The stock rose more than 6% to $17.05 after funds disclosed stakes in the coffee retailing giant. Activist investor Nelson Peltz disclosed…
Saudis To Up Oil Production After US Pressure=$100 Oil
Saudi Arabia will increase oil production by 300,000 barrels a day, a significant jump. The price of crude should drop sharply when the market opens. According to the FT "Analysts said it was likely…
Bank Earnings: The Longest Yard (C)(MER)(LEH)(BAC)
Banks will post much better earnings as the year goes on. Most of their write-offs are behind them. What else is there on their balance sheets to revise down in value? That thinking is…
Economic News: A Cloud That Lacks A Silver Lining
Late news out of the economy track system is that the buildings are collapsing all around. After Goldman Sachs (GS) panicked and said that oil would rise to $141, crude immediately spiked to $128…
This week on Stockhouse May 12–16
Economic data, oil prices cause volatile week for stocks Wall Street closed higher Monday, as the U.S. dollar rose and oil prices fell. However, Monday’s gains were lost on Tuesday as, despite a better-than-expected…
52-Week Low Club (GY, GSAT, LIOX, NCC, PLA, SWWC, WNR)
Today didn’t look like the normal 52-week low brigade. Usually there is a massive implosion of some sort that took a stock under. Most of these were just more selling trends on news that…
Ascent Solar Bogged Down By Spot Offering (ASTI)
Ascent Solar Technologies, Inc. (NASDAQ: ASTI) is seeing shares under pressure because of its secondary offering. The company priced a secondary offering of 3,800,000 shares of common stock for $14.00 per share. After the…