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  • TPG-Axon increases its stake in SandRidge Energy (SD) to 36.2M shares from 33M at 2012's end. The deadline for voting on TPG's bid to replace the board is March 15. Between TPG and Leon Cooperman - who sounded on last week's CC like he's had it with management - that's more than 70M shares vs. a float of nearly 500M. Shares +0.7% AH. [View news story]
    I don't want to speak for Chris (but will anyway) ... I believe his above question is directed at bdoeden, not me!

    :>)
    Mar 5 10:38 PM | 1 Like Like |Link to Comment
  • TPG-Axon increases its stake in SandRidge Energy (SD) to 36.2M shares from 33M at 2012's end. The deadline for voting on TPG's bid to replace the board is March 15. Between TPG and Leon Cooperman - who sounded on last week's CC like he's had it with management - that's more than 70M shares vs. a float of nearly 500M. Shares +0.7% AH. [View news story]
    http://bit.ly/10cpNYi
    Mar 5 10:15 PM | 1 Like Like |Link to Comment
  • SandRidge Mississippian Trust I (SDT -9.5%) is cut to Sell from Hold with a reduced $13 target price at Wunderlich, citing a weakening distribution outlook due to higher costs, lower production and a higher mix of natural gas being produced. Investors may be attracted to SDT's yield, but the firm says investors should focus on the trust's risk profile. SDR -4.9%, PER -2.5%[View news story]
    Tom Ward selling his trust shares to buy SD so he has more stock to vote for himself?
    Mar 5 12:32 PM | Likes Like |Link to Comment
  • SandRidge CEO Discusses Q4 2012 Results - Earnings Call Transcript [View article]
    DId you see Cooperman's comments/questions. Sounds like he's leaning to vote w/TPG?
    Mar 1 03:23 PM | 2 Likes Like |Link to Comment
  • Billed as a private equity ETF, the newly listed PEX owns no Blackstone, KKR, or Fortress. The top U.S. holdings - ARCC, ACAS, PSEC, AINV, FSC - will be well-known to fans of BDCs though. [View news story]
    That's Blackrock Kelso (BKCC), not Blackrock (BX).
    Feb 28 12:36 PM | Likes Like |Link to Comment
  • One more on Chicago PMI: With increases in January and now February, it marks the first consecutive gains for the index in 2 years. At 60.2, New Orders - maybe the most leading component of the PMI - rises to an 11-month high of 60.2. "Orders were down for January ... by the end of (the month) we became inundated with new orders ... We will also be hiring new welders to assist with capacity," says one respondent. (full report[View news story]
    It's a diffusion index. I don't think Y/Y comparisons are relevant.
    Feb 28 10:14 AM | 1 Like Like |Link to Comment
  • Bernanke Semiannual Monetary Policy Report: The benefits of easing continue to outweigh the costs and risks, says Bernanke in his prepared testimony. Maybe putting to rest the kerfuffle from last week's FOMC minutes, he says QE will continue until there are substantial labor market gains. Watch live here[View news story]
    http://seekingalpha.co...
    Feb 26 10:44 AM | Likes Like |Link to Comment
  • Lots Of Real Estate Value At Assisted Living Concepts [View article]
    Sold for $12/share. Nice work Thomas!

    http://seekingalpha.co...
    Feb 26 08:21 AM | Likes Like |Link to Comment
  • More on AIG Q4 earnings: Book value/share (excluding AOCI) of $57.87, +15.5% Y/Y. P&C division loss of $945M thanks to $2B Sandy hit - the company posted an operating profit of $290M even with that. Premiums written of $7.8B, flat Y/Y. Life and Retirement income of $1.1B vs. $912M a year ago. Conference call at 8 ET tomorrow. Shares +3.7% AH. (PR) [View news story]
    Wasn't it expected to spike after Sandy?
    Feb 22 02:04 PM | Likes Like |Link to Comment
  • More on AIG Q4 earnings: Book value/share (excluding AOCI) of $57.87, +15.5% Y/Y. P&C division loss of $945M thanks to $2B Sandy hit - the company posted an operating profit of $290M even with that. Premiums written of $7.8B, flat Y/Y. Life and Retirement income of $1.1B vs. $912M a year ago. Conference call at 8 ET tomorrow. Shares +3.7% AH. (PR) [View news story]
    The point was that AIG made a profit in the Q even w/a $2B hit from Sandy. Pretty impressive, and probably why the stock is up 4%.
    Feb 22 06:41 AM | Likes Like |Link to Comment
  • The Small Cap Stock Index For You [View article]
    Does the S&P drop a company from the index as soon as it reports a negative quarter of earnings or as soon as a buyback reduces the float to less than 50%?
    Feb 18 09:37 AM | Likes Like |Link to Comment
  • Calamos Asset Management: Exceedingly Cheap At 3.5x Earnings With A 4.4% Yield [View article]
    ART bought out at about 14% premium to BV.

    http://seekingalpha.co...
    Feb 15 01:48 PM | Likes Like |Link to Comment
  • Armour Residential (ARR) prices its 65M share secondary, with the underwriters retaining an option to buy an additional 9.75M shares. Shares -4.8% premarket to $6.75. Book value was $7.77 on Sept. 30, about $7.29 on Dec. 31, and about $6.73 yesterday. That's a 13.4% decline in 4.5 months. Who's buying the secondary? (PR[View news story]
    Deutsche was the lead underwriter.
    Feb 15 12:50 PM | 1 Like Like |Link to Comment
  • The yen reverses early strength and shoots lower on more wordage out of the G-20, with one official saying Japan is not being singled out in the group communique urging members to avoid competitive devaluation. FXY -0.4% premarket. [View news story]
    I personally wouldn't mess with any of the ETFs if I wanted to short. I'd log on IB and just sell yen straight-up.
    Feb 15 08:58 AM | Likes Like |Link to Comment
  • The yen reverses early strength and shoots lower on more wordage out of the G-20, with one official saying Japan is not being singled out in the group communique urging members to avoid competitive devaluation. FXY -0.4% premarket. [View news story]
    Try YCS.
    Feb 15 08:43 AM | Likes Like |Link to Comment
COMMENTS STATS
543 Comments
653 Likes