Tesla Motors (TSLA -0.4%) trades level with a tease from Elon Musk that an announcement is coming this week (Supercharger network next week) adding just a whiff of concern a secondary offering could be teed up. Also affecting sentiment, Deutsche Bank reiterates its Hold rating and raises its price target to $50, but considering the Tesla rally was missed by the investment firm and the new PT implies a 40% drop in share price, that may be one research note for File 13. [View news story]
Hi Samuel, I won't gloat ;-) because they probably did not intend to raise capital at that time, but that was obviously prior to this incredible run-up... they simply couldn't pass up the godsend opportunity.
Tesla Motors (TSLA -0.4%) trades level with a tease from Elon Musk that an announcement is coming this week (Supercharger network next week) adding just a whiff of concern a secondary offering could be teed up. Also affecting sentiment, Deutsche Bank reiterates its Hold rating and raises its price target to $50, but considering the Tesla rally was missed by the investment firm and the new PT implies a 40% drop in share price, that may be one research note for File 13. [View news story]
Don't look now but the hedgies are betting on Fannie FNMA.OB +6.6% and Freddie FMCC.OB +7%. WSJ says Paulson & Co. and Perry Capital (among others) are buying preferred shares on the off-chance Washington has a change of heart and decides to recapitalize the companies and sell taxpayers' stake on the open market. With the White House overwhelmingly in favor of winding down the two entities, anyone betting on profiting from a potential recap is "placing a political bet … that faces unimaginably long odds," former White House adviser Jim Parrott tells the Journal. [View news story]
Tesla Motors (TSLA -0.4%) trades level with a tease from Elon Musk that an announcement is coming this week (Supercharger network next week) adding just a whiff of concern a secondary offering could be teed up. Also affecting sentiment, Deutsche Bank reiterates its Hold rating and raises its price target to $50, but considering the Tesla rally was missed by the investment firm and the new PT implies a 40% drop in share price, that may be one research note for File 13. [View news story]
A secondary offering may not be enjoyable for TSLA longs in the short term, but I think it makes a lot of sense for the company to take advantage of the run-up and bolster the balance sheet and war chest, would be a good move for long-term health and being able to invest in a few crucial areas.
Tesla Motors (TSLA): Q1 EPS of $0.12 beats by $0.08. Revenue of $562M (+16% Y/Y) beats by $63M. Conference call scheduled for 5:30 PM EST. Shares +8.1% AH to $60.33. (PR) [View news story]
Tesla is one of the Obama administration's and Dept of Energy's poster kids (and quite possibly heading toward "shining stars"). Why would they want it to fail? They'll at least want the loan paid back to DoE first.
Sirius XM Reaches $3.39; Time To Take Profits? [View article]
@gardmi -- howdy. I'm not saying AAPL or GOOG *would* buy SIRI, but as far as "why" they might -- you are certainly correct that those two are already established on the devices mentioned. But this would be an opportunity to: 1) establish themselves in the lead position for "the connected car" platform, which is one of the next big battlegrounds and still up for grabs IMHO, and 2) exclusive content -- of value to AAPL to cement the strength of iTunes, of value to GOOG to attack that strength and get a much better foothold in content
But that all supposes LMCA is even willing to sell -- they'll push a hard bargain.
"There are less ways to cheat on a balance sheet than an income statement," says Bruce Berkowitz, explaining why he focuses on the one rather than the other (and why he'll probably never be a buyer of auto stocks). In this great 35-minute chat from late last year, he again makes his case for AIG and BAC - "it's the 90s all over again" - and SHLD - selling for the liquidation value of its merchandise; the brands and the real estate are free. [View news story]
I too found it a bit odd that someone who says it's harder to cheat on balance sheets likes a sector (fin services) where it's easiest to do so?
The fertilizer plant explosion in Texas could prove a long-term benefit to some companies in the sector, since it could slow the building up of new nitrogen fertilizer capacity in the U.S. and provide a competitive boost to entrenched producers such as CF Industries (CF +3%), Potash (POT +0.8%) and Agrium (AGU +1.1%), Citigroup says. [View news story]
I'm long POT but this certainly isn't the way I like it to increase in price :-(
Regulators are investigating whether "a benchmark daily rate set by a group of banks" has been the subject of widespread manipulation. Sound familiar? The CFTC has issued multiple subpoenas in connection with its investigation into the possible manipulation of ISDAFIX, the rate referenced by $379T (that's "trillion") of interest-rate swaps which are used by "everyone from hedge funds to manufacturing companies … to protect against fluctuations in funding costs."[View news story]
With a name like ISDAFIX, I mean, what did you expect? ;-)
The "widespread impression" is that "Texas is corrupt, callous, racist, theocratic, stupid, belligerent, and most of all, dangerous," writes Erica Greider in a new book. Greider sets out to counter this perception and explain why America should learn from the Lone Star State. The economy is thriving, helped by weak government, strict lending laws, Nafta, mass immigration and generous business incentives, not to mention lots of oil. [View news story]
No doubt, TX benefits whenever hydrocarbon revenues soar. But TX is a lot more economically diverse than the 80's, when it lived and died on swings in crude prices.
With their healthcare costs ballooning, many companies have started to penalize fat employees with regards to healthcare coverage, raising all sorts of legal, privacy and discrimination questions. Michelin North America, for example, plans to cut healthcare credits for staff who fail to meet requirement for waistline and other metrics, and don't sign up to health programs. Other companies making similar moves include Mohawk (MHK), CVS and Honeywell (HON). [View news story]
@Agbug -- ha! Good thing you did, I'm very litigious in protecting my trademarked catchphrases ;-)
@ Geoff -- hmm. McDonalds vs. Soylent Green. Hmm. Ethical issues aside, I'm not sure which meal would taste nastier (I'll make an exception for Egg McMuffins but everything else at McD's is disgusting... well, fries are okay too).
With their healthcare costs ballooning, many companies have started to penalize fat employees with regards to healthcare coverage, raising all sorts of legal, privacy and discrimination questions. Michelin North America, for example, plans to cut healthcare credits for staff who fail to meet requirement for waistline and other metrics, and don't sign up to health programs. Other companies making similar moves include Mohawk (MHK), CVS and Honeywell (HON). [View news story]
The "widespread impression" is that "Texas is corrupt, callous, racist, theocratic, stupid, belligerent, and most of all, dangerous," writes Erica Greider in a new book. Greider sets out to counter this perception and explain why America should learn from the Lone Star State. The economy is thriving, helped by weak government, strict lending laws, Nafta, mass immigration and generous business incentives, not to mention lots of oil. [View news story]
I live in TX and have lived outside of it. Like any other place on earth, it's a mixed bag.
Pros -- cheap, can-do, pro-business, hot women ;-)
Cons -- anti-science Christian fundamentalists nuts have taken over the school system. Any politician that's been in office for a long time (D or R) becomes corrupt and the Perry administration is no exception. Weather generally sucks.
Tesla owners could have some fun with this. Download a ringtone to serve as the noisemaker. Or just put a recording on that yells "get the frick out of my way" ;-)
Tesla Motors (TSLA -0.4%) trades level with a tease from Elon Musk that an announcement is coming this week (Supercharger network next week) adding just a whiff of concern a secondary offering could be teed up. Also affecting sentiment, Deutsche Bank reiterates its Hold rating and raises its price target to $50, but considering the Tesla rally was missed by the investment firm and the new PT implies a 40% drop in share price, that may be one research note for File 13. [View news story]
Tesla Motors (TSLA -0.4%) trades level with a tease from Elon Musk that an announcement is coming this week (Supercharger network next week) adding just a whiff of concern a secondary offering could be teed up. Also affecting sentiment, Deutsche Bank reiterates its Hold rating and raises its price target to $50, but considering the Tesla rally was missed by the investment firm and the new PT implies a 40% drop in share price, that may be one research note for File 13. [View news story]
Very good move for the company
Don't look now but the hedgies are betting on Fannie FNMA.OB +6.6% and Freddie FMCC.OB +7%. WSJ says Paulson & Co. and Perry Capital (among others) are buying preferred shares on the off-chance Washington has a change of heart and decides to recapitalize the companies and sell taxpayers' stake on the open market. With the White House overwhelmingly in favor of winding down the two entities, anyone betting on profiting from a potential recap is "placing a political bet … that faces unimaginably long odds," former White House adviser Jim Parrott tells the Journal. [View news story]
Tesla Motors (TSLA -0.4%) trades level with a tease from Elon Musk that an announcement is coming this week (Supercharger network next week) adding just a whiff of concern a secondary offering could be teed up. Also affecting sentiment, Deutsche Bank reiterates its Hold rating and raises its price target to $50, but considering the Tesla rally was missed by the investment firm and the new PT implies a 40% drop in share price, that may be one research note for File 13. [View news story]
Tesla Motors (TSLA): Q1 EPS of $0.12 beats by $0.08. Revenue of $562M (+16% Y/Y) beats by $63M. Conference call scheduled for 5:30 PM EST. Shares +8.1% AH to $60.33. (PR) [View news story]
Sirius XM Reaches $3.39; Time To Take Profits? [View article]
But that all supposes LMCA is even willing to sell -- they'll push a hard bargain.
In any event, it's all fun to watch.
Cheers.
"There are less ways to cheat on a balance sheet than an income statement," says Bruce Berkowitz, explaining why he focuses on the one rather than the other (and why he'll probably never be a buyer of auto stocks). In this great 35-minute chat from late last year, he again makes his case for AIG and BAC - "it's the 90s all over again" - and SHLD - selling for the liquidation value of its merchandise; the brands and the real estate are free. [View news story]
How And Why Zero Interest Rates Ended Last Time [View article]
The fertilizer plant explosion in Texas could prove a long-term benefit to some companies in the sector, since it could slow the building up of new nitrogen fertilizer capacity in the U.S. and provide a competitive boost to entrenched producers such as CF Industries (CF +3%), Potash (POT +0.8%) and Agrium (AGU +1.1%), Citigroup says. [View news story]
Regulators are investigating whether "a benchmark daily rate set by a group of banks" has been the subject of widespread manipulation. Sound familiar? The CFTC has issued multiple subpoenas in connection with its investigation into the possible manipulation of ISDAFIX, the rate referenced by $379T (that's "trillion") of interest-rate swaps which are used by "everyone from hedge funds to manufacturing companies … to protect against fluctuations in funding costs." [View news story]
The "widespread impression" is that "Texas is corrupt, callous, racist, theocratic, stupid, belligerent, and most of all, dangerous," writes Erica Greider in a new book. Greider sets out to counter this perception and explain why America should learn from the Lone Star State. The economy is thriving, helped by weak government, strict lending laws, Nafta, mass immigration and generous business incentives, not to mention lots of oil. [View news story]
With their healthcare costs ballooning, many companies have started to penalize fat employees with regards to healthcare coverage, raising all sorts of legal, privacy and discrimination questions. Michelin North America, for example, plans to cut healthcare credits for staff who fail to meet requirement for waistline and other metrics, and don't sign up to health programs. Other companies making similar moves include Mohawk (MHK), CVS and Honeywell (HON). [View news story]
@ Geoff -- hmm. McDonalds vs. Soylent Green. Hmm. Ethical issues aside, I'm not sure which meal would taste nastier (I'll make an exception for Egg McMuffins but everything else at McD's is disgusting... well, fries are okay too).
With their healthcare costs ballooning, many companies have started to penalize fat employees with regards to healthcare coverage, raising all sorts of legal, privacy and discrimination questions. Michelin North America, for example, plans to cut healthcare credits for staff who fail to meet requirement for waistline and other metrics, and don't sign up to health programs. Other companies making similar moves include Mohawk (MHK), CVS and Honeywell (HON). [View news story]
Time to fire up the soylent green program!
The "widespread impression" is that "Texas is corrupt, callous, racist, theocratic, stupid, belligerent, and most of all, dangerous," writes Erica Greider in a new book. Greider sets out to counter this perception and explain why America should learn from the Lone Star State. The economy is thriving, helped by weak government, strict lending laws, Nafta, mass immigration and generous business incentives, not to mention lots of oil. [View news story]
Pros -- cheap, can-do, pro-business, hot women ;-)
Cons -- anti-science Christian fundamentalists nuts have taken over the school system. Any politician that's been in office for a long time (D or R) becomes corrupt and the Perry administration is no exception. Weather generally sucks.
Could This One Thing Derail Tesla? [View article]