Under Armour Investors Suit Up For Earnings (UA)
Tuesday in the early hours of the morning, we’ll get to see earnings out of Under Armour, Inc. (NASDAQ: UA). The estimates for the performance apparel company from First Call are $0.03 EPS on…
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Douglas A. McIntyre
Double Hull Tankers Raising Cash (DHT)
Double Hull Tankers inc. (NYSE: DHT) has filed to sell up to 7 million shares of common stock via a secondary offering. The company has also granted underwriters a 1.05 million share overallotment option.…
Pharmacy Benefit Managers Dominate Medical Earnings Tuesday (MHS, ESRX)
Pharmacy benefits managers Express Scripts Inc. (NASDAQ: ESRX) and MedcoHealth Solutions Inc. (NASDAQ: MHS) are both set to report earnings on Tuesday. We’ll get to see earnings out of MedcoHealth Solutions Inc. (NASDAQ: MHS)…
Corning Holders Brace For Earnings (GLW)
Tuesday morning in the pre-market hours, we’ll get to see earnings out of Corning Inc. (NYSE: GLW). The estimates for the ceramic and glass giant from First Call are $0.42 EPS on $1.59 billion…
The 52-Week Low Club (PAY)(GMST)(HRZ)(VRSO)
Verifone (PAY) Asking for credit waivers from banks. Down to $10.25 from 52-week high of $50. Horizon Lines (HRZ) Drops outlook and gets broker downgrade. Falls to $10.66 from 52-week high of $36.55. Verso…
Circuit City’s Largest Holder Joins Activist Efforts (CC, BBI)
A firm called HBK INVESTMENTS, L.P. has just changed its tune regarding its investment in Circuity City Stores Inc. (NYSE: CC). As of December 31, 2007, HBK-I owned or controlled a combined 15,420,653 shares,…
Sovereign Wealth Funds Bigger Than UK, German, And France GDP
Sovereign wealth funds are now so large that they have passed the annual economic output of the United Kingdom, Germany or France. According to Global Insight, the value of the funds could pass US…
More Trouble in XM-Sirius Merger? (SIRI, XMSR)
MediaPost has a rather interesting article out today citing state attorneys general from four more states have joined ten others in their opposition of the merger between Sirius Satellite Radio (NASDAQ: SIRI) and XM…
China Gas Price Game Starts To Show Cracks (PTR)(SNP)(GM)(XOM)(TM)
The shell game of controlling gas and diesel prices in China is not terribly clever, but it has worked. The government and the oil & refinery companies which it controls buy crude and sell…
Bristol-Myers Squibb Files Open Shelf Registration (BMY)
Bristol-Myers Squibb (NYSE: BMY) has submitted an open shelf offering today for an undetermined amount. The offering includes a combination of debt securities, preferred stock, depositary shares, common stock, and warrants to be used…
IPO FILING: Rackspace Inc. (RAX)
Rackspace, Inc. has submitted its IPO paperwork late Friday after the close. The filing shows a maximum aggregate offering of $400 million, although this number is for filing purposes only. They have applied to…
Large Banks Beginning To Close Branch Locations (C)(WB)(WFC)(BAC)
Consumers and businesses are faced with two difficult problems as a result of major banks taking huge write-offs. The first is that, even though the Fed is chopping rates, lower interest loans are not…
Does $80 Wrigley Equal $50 Hershey? (WWY, JPM, GS, HSY, CSG)
When we saw the Mars acquisition of William Wrigley Jr. Co. (NYSE: WWY) in perhaps the largest food merger, the first thing that came to mind besides "what a premium" was "What does this…
Warren Buffett Calls Recession (BRK.A, BRK.B)
Warren Buffett of Berkshire Hathaway (NYSE: BRK.A, BRK.B) has been on CNBC this morning discussing his Wrigley’s bid this morning. Interestingly enough this interview was more of a general discussion about the current economic…
Sycamore Sicker-More (SCMR)
Sycamore Networks (NASDAQ: SCMR) is showing the risks of being a small technology company with the bulk of orders coming from a few companies. The bandwidth management solutions company has issued a revenue warning…
Kerkorian Steps Into Ford (F)
Kirk Kerkorian, billionaire and elder statesman of takeovers, said he will make a tender offer for another 20 million shares of Ford (F). The price will be $8.50 a share. His timing is odd.…
Quiet Period Ends: Visa Analysts Unleash The Hounds (V)
The quiet period has ended for Visa Inc. (NYSE: V) after its IPO. The underwriters have thus initiated their coverage ratings this morning on the credit card payment processing company. Shares of Visa have…
A Sunny Report From Verizon (VZ)
Verizon (VZ) had a quarter which indicated that no matter what is wrong with the economy people are still subscribing to cellular service. Revenue at the phone company rose 5.5% to $23.8 billion. Operating…
Top 10 Pre-Market Analyst Calls (BIG, CSH, CS, ERIC, GT, MRVL, MMR, MNTA, NTRS, PCZ)
These are ten of the top analyst calls we see affecting shares in pre-market indications this Monday morning: Big Lots (NYSE: BIG) Raised to Overweight from Neutral at JPMorgan. Cash America (NYSE: CSH) Cut…
OPEC Chief Looks To $200 Oil
The head of OPEC says that he can see oil hitting $200. OPEC’s President Chakib Khelil refuses to blame supply. His theory is that the price of the dollar is what will drive crude.…