Short Seller Make Killing In Starbucks (SBUX)
Starbucks (NASDAQ: SBUX) has become a short seller’s dream. Shares sold short in the company moved up by 4.9 million to 39.8 million on April 15 compared to the figures on March 30. Those…
All Work
Douglas A. McIntyre
Sirius (SIRI): The Shorts Pile In
Short sellers have fallen in love with Sirius Satellite (NASDAQ: SIRI). Actually, they were already in love. It has moved to infatuation. The short interest in SIRI sky-rocketed for the period ending April 15…
Vonage ‘May’ Have Financing Set Up (VG)
Vonage Holdings Corp. (NYSE: VG) has signed a non-binding letter of intent with "a third party financing source" to provide $215 million in a private debt financing. The company noted that about two-thirds of…
Vulture IPO: Hatteras Prices IPO (HTS)
Hatteras Financial Corp. (NYSE: HTS) has priced its initial public offering of 10 million common shares and should open shortly after the open this Friday morning. The offering priced at $24.00 per share, which…
Hansen Combats Short Sellers With Larger Buyback Program (HANS)
Hansen Natural Corporation (NASDAQ:HANS) has announced a new share buyback program for up to $200 million of its own common stock. The Board of Directors has thus terminated the previous stock buyback plan that…
Oppenheimer’s Lack of Enthusiasm for Ethanol (AVR, PEIX, VSE)
Oppenheimer has initiated coverage of the down and out US-ethanol sector, and the group was given a lackluster "Perform" rating. "Perform" ratings have been assigned to Aventine Renewable Energy (NYSE: AVR), Pacific Ethanol (NASDAQ:…
Top 10 Pre-Market Analyst Calls (AET, BIDU, F, JNS, IPG, LOW, HD, NEM, NOC, RSH, VM)
These are ten of the top calls we see affecting shares this Friday morning in the early pre-market trading hours: Aetna (NYSE: AET) raised to neutral at Credit Suisse. Baidu.com (NASDAQ: BIDU) raised to…
AirTran Raises Much Needed Cash (AAI)
AirTran Holdings Inc. (NYSE: AAI) has priced $65 million a 5 1/2% convertible Senior Notes due 2015. The company is also given underwriters a 30 day overallotment option for $9.75 million additional in notes. …
Microsoft’s (MSFT) Good News: It Is No Longer Just Software
Analysts hung crepe for hours after Microsoft (MSFT) announced it quarterly results. Revenue did not grow enough and earnings were light. Sales were actually down at the company’s three huge divisions: client, servers, and…
The First Good News About Oil In Years: Brazil Discovers Oil, Could Open Sovereign Fund
The prevailing wisdom is that oil prices will keep rising. One CIBC analyst recently said it will hit $200 by 2010, driving US gasoline prices to $7. The Brazilians say they will rescue us…
Chinese Sue CNN For $1.3 Billion
CNN commentator Jack Cafferty is a insolent fellow. He commented about the Chinese saying "They’re basically the same bunch of goons and thugs they’ve been for the last 50 years". Nice touch. Cafferty was…
Shorts Stage Big Retreat From Tech Shares (AAPL)(SIRI)(MSFT)(YHOO)(INTC)(CSCO)
According to Nasdaq data for the period ending April 15, short sellers moved aggressively out of tech shares. The figure compare with those posted on March 31. The short interest in Microsoft (MSFT) fell…
Media Digest 4/25/2008 Reuters,WSJ, NYTimes, FT, Bloomberg
According to Reuters, two Chinese citizens have filed a $1.3 billion suit against CNN(TWX) for insulting the people in their country. Reuters reports that Honda’s net fell and that the company said the yen…
Asia Markets 4/25/2008 (SNE)(TM)(CN)(SNP)
Markets in Asia were mixed. The Nikkei rose 2.4% to 13,863. Sony (SNE) rose 5.3% to 4780. Toyota (TM) rose 3.1% to 5290. The Hang Seng fell .6% to 25,518. China Netcom (CN) fell…
CNET’s (CNET) Pathetic Quarter
The arguments that CNET’s (CNET) board should retain its current management went away today when the company announced it Q1 results. Total revenue was up a very modest 3% to $91.4 million. Non-GAAP operating…
Cramer Breaking Wind Power Analysis (TRN, OTTR)
On tonight’s MAD MONEY on CNBC, Jim Cramer continued his GREEN WEEK stock picks. Tonight he wanted to cover the buy on weakness for these stocks and tonight he covered wind power stocks. He…
Baidu.com Beats, Traders Subdued Ahead of Conference Call (BIDU)
Baidu.com, Inc. (NASDAQ: BIDU) just posted earnings of $0.67 non-GAAP EPS on $81.9 million revenues. The estimates for the Chinese online search engine leader from First Call were $0.60 EPS on $75.39 million in…
ValueAct Going After Chimera? (CIM, NLY)
ValueAct Capital Management is a leading activist fund that acquires shares in public companies to influence their boards to make certain actions or to fix current problems. In an SEC Filing, the fund (through…
Microsoft Beats, But… (MSFT)
Microsoft Corp. (NASDAQ: MSFT) just reported earnings after the close and the software giant posted $0.47 EPS on $14.45 Billion in revenues. First Call had estimates at $0.44 EPS on $14.5 Billion in revenues. …
Amgen’s (AMGN) Modest Quarter
Amgen (AMGN) adjusted earnings per share of $1.12 for the first quarter of 2008, an increase of 4 % compared to $1.08 for the first quarter of 2007. Adjusted net income decreased 4 %…