JPMorgan (JPM) has "transitioned from model citizen to problem child" in the eyes of Washington, the NY Times says. The latest evidence of the shift is a government document (reviewed by the Times) which reportedly says the firm dreamed up "manipulative schemes" in order to wring profits from "money-losing power plants." The Federal Energy Regulatory Commission also says Blythe Masters (mother of the synthetic CDO) "falsely denied under oath her awareness of" certain activities allegedly undertaken by a group of Houston energy traders. It isn't clear whether actions will be taken against JPM, which will have a chance to respond to the allegations. [View news story]
Leveraging a €2B credit facility that came with its January debt refinancing deal, Alcatel-Lucent (ALU -1.5%) has made a tender offer for €750M in debt. Alcatel had €6.7B ($8.8B) in debt at the end of Q1, and a net debt position of €358M. Separately, a consortium of Asian carriers has enlisted Alcatel to provide submarine 100G optical transmission systems for a network connecting India, Southeast Asia, and the Middle East. [View news story]
It does seem they are having trouble adding and subtracting.
A Broken Record But It's A Good Song [View article]
IT ... Good stuff as usual thanks for the recap and opinions. Funny isn't it how we cheer for higher home prices? It's becoming a strange world we live in.
Maxwell (MXWL +4.4%) rallies after providing "unaudited financial highlights" for Q4 2012 and Q1 2013, as it continues to work on restating past results. The company's invoiced shipments for Q4 and Q1 respectively totaled $41.9M and $46.6M, above a revenue consensus of $39.2M and $38.3M, with ultracapacitor shipments totaling $26.1M and $33.1M. Maxwell's cash balance was $34.1M at the end of Q1, and its debt obligations $9.1M. The company adds it will increase contract assembly capacity for large-cell ultracapacitors by ~50% in Q3 to meet rising demand. [View news story]
I entered small today I hope they finally have it together. We shall see.
Want To Retire Before 60? Here Is What You Need To Know [View article]
I wish you would have wrote this about 10 years ago. My feeling is you can retire anytime you want. It just depends on what kind of lifestyle you want to lead.
Physical Gold Demand Continues To Pick Up [View article]
The interesting thing is it's happening without publication or hype. It's not hip hoppers setting a trend for bling. It's people trying to protect themselves from oppressive fiscal and monetary encroachment from big government.
Is not the Fed responding to the political realities among us? Printing all of this money yet not much is making it's way to solve the issue of employment in America. The money it seems is going into the stock market and they are hoping the wealth effect will increase the employment rolls? Trickle down cronyism. Maybe a more stable tax policy rather then one that changes from year to year might help. The regulatory mess, Federal encroachment into ever aspect of life. Federal crimes that should be state or local. Maybe if the fiscal side were more balanced the monetary side wouldn't have to do the heavy lifting.
Alcatel-Lucent: Challenges And Solutions [View article]
I guess we will find out in June. The build up that he has given it he better have something big to say. It is either going to be a big positive or I am afraid it will be back under a buck quickly.
Gold's next big move is down, say some technicians, with the current bounce from the mighty selloff 2 weeks ago a low-volume affair that - if anything - reinforces the negative bias, according to Merrill's MacNeil Curry. "There a tremendous amount of overhead supply from the mid-to-low $1,500s," says Larry Berman, expecting a tight range for now, but eventually a price below $1,300. GLD +1.1%. [View news story]
Why A Stock Market Bubble Is Forming Right Now [View article]
JPMorgan (JPM) has "transitioned from model citizen to problem child" in the eyes of Washington, the NY Times says. The latest evidence of the shift is a government document (reviewed by the Times) which reportedly says the firm dreamed up "manipulative schemes" in order to wring profits from "money-losing power plants." The Federal Energy Regulatory Commission also says Blythe Masters (mother of the synthetic CDO) "falsely denied under oath her awareness of" certain activities allegedly undertaken by a group of Houston energy traders. It isn't clear whether actions will be taken against JPM, which will have a chance to respond to the allegations. [View news story]
Leveraging a €2B credit facility that came with its January debt refinancing deal, Alcatel-Lucent (ALU -1.5%) has made a tender offer for €750M in debt. Alcatel had €6.7B ($8.8B) in debt at the end of Q1, and a net debt position of €358M. Separately, a consortium of Asian carriers has enlisted Alcatel to provide submarine 100G optical transmission systems for a network connecting India, Southeast Asia, and the Middle East. [View news story]
A Broken Record But It's A Good Song [View article]
Maxwell (MXWL +4.4%) rallies after providing "unaudited financial highlights" for Q4 2012 and Q1 2013, as it continues to work on restating past results. The company's invoiced shipments for Q4 and Q1 respectively totaled $41.9M and $46.6M, above a revenue consensus of $39.2M and $38.3M, with ultracapacitor shipments totaling $26.1M and $33.1M. Maxwell's cash balance was $34.1M at the end of Q1, and its debt obligations $9.1M. The company adds it will increase contract assembly capacity for large-cell ultracapacitors by ~50% in Q3 to meet rising demand. [View news story]
Want To Retire Before 60? Here Is What You Need To Know [View article]
Want To Retire Before 60? Here Is What You Need To Know [View article]
Want To Retire Before 60? Here Is What You Need To Know [View article]
Marijuana Stocks And Legalization - The Complex Relationship [View article]
Marijuana Stocks And Legalization - The Complex Relationship [View article]
Physical Gold Demand Continues To Pick Up [View article]
Why The Fed Balance Sheet Matters [View article]
Maybe a more stable tax policy rather then one that changes from year to year might help. The regulatory mess, Federal encroachment into ever aspect of life. Federal crimes that should be state or local. Maybe if the fiscal side were more balanced the monetary side wouldn't have to do the heavy lifting.
Alcatel-Lucent: Challenges And Solutions [View article]
Alcatel-Lucent: Challenges And Solutions [View article]
Gold's next big move is down, say some technicians, with the current bounce from the mighty selloff 2 weeks ago a low-volume affair that - if anything - reinforces the negative bias, according to Merrill's MacNeil Curry. "There a tremendous amount of overhead supply from the mid-to-low $1,500s," says Larry Berman, expecting a tight range for now, but eventually a price below $1,300. GLD +1.1%. [View news story]