Will Blackstone Remain a Busted Deal? (BX)
Blackstone Group LP (BX-NYSE) is only enjoying its third day as a public private equity entity. Shares, well units, were trading north of $35.00 on most of Friday; and that compared to the $31.00…
All Work
Douglas A. McIntyre
Adobe, Settling Down to Better Value (ADBE)
Adobe Systems (ADBE-NASDAQ) is a stock we have been a bit cautious on going into the last earnings. We had even noted how shares were priced for perfection. Part of the caution was based…
IPO Filing: CampusU, Inc. (CMPS)
CampusU, Inc. has filed to come public via an IPO. Maxim Group, LLC is listed as the sole underwriter and CampusU will trade under the proposed ticker "CMPS"on NASDAQ. CampusU is an Internet-based merchandising,…
Applied Materials Goes Deeper Into Solar Power (AMAT)
Applied Materials, Inc. (AMAT-NASDAQ) has agreed to acquire HCT Shaping Systems SA of Switzerland, for approximately $475 million at the current exchange rate in cash for HCT. HCT makes precision wafering systems used principally…
Altria: The Day the Tobacco Plant Closed (MO)
Altria Group, Inc. (MO-NYSE) has announced a streamlining of operations to cut costs in a move that will result in a North Carolina manufacturing plant being closed by 2010. The Cabarrus, North Carolina plant…
BlackRock: Buys Quellos Fund of Funds (BLK)
If you are a hedge fund manager that is classified as a fund of funds operation, you are probably crunching some numbers to see what you think your operations are worth. BlackRock, Inc. (BLK-NYSE)…
Pre-Market Stock News (June 26, 2007)
(BEXP) Brigham Exploration increased natural gas production guidance from 42-45MCF to 44-46MCF.(BLK) Blackrock will acquire the fund of funds business of Quellos for up to $1.7 Billion.(BSC) Bear Stearns has report in WSJ that…
Pre-Market Analyst Calls (June 26, 2007)
AYE raised to Buy at Jefferies.BIIB cut to Equal Weight at Lehman.CELG raised to Overweight at Lehman.CKNN started as Buy at Merriman Curhan Ford.CMG started as Equal-Weight at Lehman.DLB raised to Overweight at JPMorgan.DLIA…
China: First The Dog Food, Now The Tires
The Federal government is always fighting with the Chinese about currency rates and intellectual property piracy. The typical US citizen probably does not care about that. But, if you kill his dog and give…
Europe Markets 6/26/2007
Markets in Europe were off at 6.40 AM New York time. The FTSE was down .2% at 6,573. Barclays (BCS) was down 1.3% to 710.5. BP (BP) was up 1% to 595. BT (BT)…
Big Oil: Who Needs Venezuela?
Venezuelan President Hugo Chávez must have the nerves of a riverboat gambler. Or, he just may be incredibly stupid. He has decided to nationalize the energy industry in his country and has demanded that…
As US Refineries Shut Down, Questions Weigh
Valero (VLO) had refineries in Houston and Krotz Springs, La., down for two weeks this month. Chevron (CVX) closed its El Segundo, Calif., refinery. That could be down for two months. ExxonMobil (XOM) will…
Qualcomm (QCOM) Loses Another One
The European Union is recommending that the Nokia (NOK) DVB-H become the standard for mobile TV in the big region now and in the future. That leaves the two other formats in the running,…
Media Digest 6/26/2007 Reuters, WSJ, NYTimes, FT, Barron’s
Reuters writes that the Justice Department has begun a probe of BAE Systems over the firm’s compliance with anti-corruption laws. Reuters writes that a US tire importer, Foreign Tire Sales, has asked the US…
Asia Markets 6/26/2007
Markets in Asia were narrowly mixed. The Nikkei was down .1% to 18,066. KDDI was up 1.5% to 942000. NEC (NIPNY) was down 1.1% to 628. Sony (SNY) was down .9% to 6400. The…
Internet Connections Speeds: Rural Folks Get Zip
The Communications Workers of America, part of the AFL-CIO, seems to hate the phone companies, but that does not necessarily make their research bad. Saying that Americans don’t have high speed internet compared to…
The 52-Week Low Club
Hovnanian (HOV) House of pain for home builders. Down to $17.36 from 52-week high of $36.66. Pulte Homes (PHM) More of the same. Drops to $23.28 from 52-week high of $35.56. Lexmark (LXK) Jury…
Earnings Preview: Lennar (June 2007) (LEN, XHB, ITB)
Lennar Corp. (LEN-NYSE) reports earnings on Tuesday. The company is expected to post a sharp drop-off after the company had already withdrawn guidance. FirstCall has estimates at $0.05 EPS on very wide range with…
ETF Winners & Losers (June 25, 2007)
DJIA 13,352.05; (-8.21; -0.06%)S&P500 1,497.74 (-4.82; -0.32%)NASDAQ …
Is “Transformers” Boost Already Reflected in Hasbro Shares? (HAS, MAT)
Hasbro, Inc. (HAS-NYSE) has been a beneficiary of the upcoming "Transformers" movie coming on July 4. The upcoming blockbuster film has been ‘in the can’ and ready to go for some time, and investors…