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Jason Aycock

Jason Aycock
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  • More from the Netflix (NFLX) Q2: expects Q3 EPS of -$0.10 to $0.14 vs. $0.11. Guides lower for net domestic subscription additions this quarter in part due to Olympics. Domestic streaming sub additions of 530K to total 23.94M; international stream sub additions of 560K to total 3.62M. Domestic DVD net subscription losses of 850K, bringing those subs to 9.24M. Shares -14.3% AH.  [View news story]
    What they say specifically:

    "For Q3 quarter-to-date, our domestic net additions are very nearly the same as Q3 2010 over the comparable partial period. In that quarter two years ago, we finished with 1.8 million domestic net additions. However, in the middle of that quarter, we launched Netflix on the iPhone to great reception, and we don’t have an equivalent launch this quarter. Moreover, this quarter the Olympics are likely to have a negative impact on Netflix viewing and sign-ups. So, our Q3 guidance is 1 million to 1.8 million domestic net adds. If we finish Q3 in the high end of that range, we would remain on track for 7 million domestic net additions for the year; otherwise it would be challenging to achieve that goal by year end. In either case, we are generating impressive growth this year in our most developed market."
    Jul 24, 2012. 04:30 PM | Likes Like |Link to Comment
  • More on the Moody's banking downgrades: A three-notch cut for CS. Two-notch rating cuts for JPM, C, MS, GS; just one notch for BAC. After hours: MS +3.7%; JPM +1%; BAC +1%; C +0.6%. (full statement)  [View news story]
    MS shareholders, for example, had baked in a three-notch cut today, so they're seen as coming off light.
    Jun 21, 2012. 05:37 PM | 4 Likes Like |Link to Comment
  • After 74 years, another venerable Wall Street name - Smith Barney - is falling by the wayside, as Morgan Stanley plans to rename it Morgan Stanley Wealth Management. MS is in a multi-year process to buy the unit from Citigroup.  [View news story]
    YouTube covers the Smith Barney memory hole:
    Jun 12, 2012. 02:00 PM | Likes Like |Link to Comment
  • Apr. Personal Income and Outlays: Income +0.2% vs. +0.3% expected, +0.4% prior. Personal spending +0.3% vs. +0.3% expected, +0.3% prior. PCE core price index +0.1% m/m vs. +0.2% expected, +0.2% prior.  [View news story]
    Had the Y/Y mixed up with M/M ... it's right now, at +0.1%.
    Jun 1, 2012. 09:15 AM | Likes Like |Link to Comment
  • And now to the rescue: Chesapeake Energy (CHK) says it's gotten a $3B unsecured loan from Goldman Sachs and Jefferies Group, to be repaid from those 2012 asset sales.  [View news story]
    And more info likely to come on an 8:30 a.m. conference call Monday
    May 11, 2012. 07:34 PM | 1 Like Like |Link to Comment
  • And now to the rescue: Chesapeake Energy (CHK) says it's gotten a $3B unsecured loan from Goldman Sachs and Jefferies Group, to be repaid from those 2012 asset sales.  [View news story]
    This much from clicking through:
    "The new facility, which ranks pari passu to Chesapeake's outstanding senior notes, matures on December 2, 2017 and may be repaid at any time this year without penalty at par value and carries an initial variable annual interest rate through December 31, 2012 of LIBOR plus 7.0%, which is currently 8.5%, given the 1.5% LIBOR floor in the loan agreement. During the remainder of the year, Chesapeake plans to complete asset sales totaling $9.0-$11.5 billion and intends to use a portion of the proceeds from these asset sales to repay the loan. Chesapeake has received strong interest from prospective buyers of its Permian Basin asset sales process and its Mississippi Lime joint venture process, and the company expects to complete these two transactions in the 2012 third quarter. "
    May 11, 2012. 07:33 PM | 8 Likes Like |Link to Comment
  • Mobile payments juggernaut Square says it's now handling $5B (annualized) in transactions, up from $4B just a month ago and $2B in October. Square, said to be seeking funding at a $4B valuation, is popular with small businesses not only because of its low fee and ease-of-use, but also its ability to pay merchants within a day of a purchase, compared with 2-5 days for regular credit-card payments. PayPal Here has its work cut out for it.  [View news story]
    Thanks for noting; we clarified this item to note this is their annualized rate.
    Apr 25, 2012. 11:26 PM | Likes Like |Link to Comment
  • Alexion (ALXN +1.8%) bounces back today after slipping despite a strong earnings report yesterday. Jefferies ups its price target from $68 to $76 on the shares, saying that sales of its marquee drug Soliris were higher than expected. Canaccord agrees, noting that the stock is a solid earnings execution story.  [View news story]
    Because their analyst isn't bullish on the stock ... they switched from Buy to Hold late 2010, and they set price targets below the trading price more than a year ago.

    They did raise the target on valuation, but it seems like other firms like Canaccord are much more bullish with aggressive targets.
    Apr 25, 2012. 11:24 PM | Likes Like |Link to Comment
  • Goldman is pounding the table on Blackstone Group (BX -1.4%), calling on investors to take advantage of recent weakness to buy the shares despite reporting weak numbers earlier this week. The firm attributes the selloff to a reduced appetite for private equity, but notes that BX's business is strongly diversified and its credit business is poised for growth.  [View news story]
    Yes, the second reference linked to BK and caused it to alert in error. Thanks for calling to our attention.
    Apr 21, 2012. 02:21 AM | Likes Like |Link to Comment
  • ConocoPhillips' (COP +0.6%) incoming CEO Ryan Lance say the company expects to fund $5B in buybacks in the first half of the year using proceeds from planned asset sales. The company forecasts cash flow will rise to $22B by 2016 from a level of $16B this year and wants to spend about 20%-25% of its annual cash flow on dividends.  [View news story]
    Thanks, topherbyb; this item is clarified to note that Ryan Lance is incoming CEO (not until May 1).
    Apr 17, 2012. 12:50 AM | Likes Like |Link to Comment
  • Win An iPad In Seeking Alpha's 1 Million User Haiku Contest [View article]
    It took a while and a few rounds of internal voting to settle a tight contest. We had entries that incorporated haiku's traditional nature component; showed flashes of wry wit; engaged in Yoda-speak; outright asked for an iPad; and even referenced "Game of Thrones" and "The Hunger Games." In one sense, by joining together here to discuss and challenge assumptions about our investments, we're all winners.

    But in a different, more accurate sense, our rounds of judges can only pick one winner, and have chosen Mick Trivane's entry:

    Why just take a guess?
    Seeking Alpha passed the test.
    Read. Decide. Invest.

    Congratulations to Mick, and thanks to everyone for flexing your poetic muscles. Now back to your regularly scheduled reading, writing, sharing, and seeking of alpha ...
    Apr 5, 2012. 01:40 PM | 3 Likes Like |Link to Comment
  • Win An iPad In Seeking Alpha's 1 Million User Haiku Contest [View article]
    Hi folks ... an update from Seeking Alpha:

    Contest has been closed.
    So many poems to read.
    Results coming soon.

    Our crack judges are poring over your hundreds of entries here and getting their votes together. Stay tuned and we'll update this story with news about the winner, and the iPad that will be on its way to them ...
    Mar 30, 2012. 03:30 PM | 1 Like Like |Link to Comment
  • Seeking Alpha Passes One Million Members -- 5 Things You Need To Know [View article]
    Glad to be a part of this team. Thanks to David, and to all our readers, contributors, advertisers and employees for coming together in a terrific community! Onward to 2 million ...
    Mar 26, 2012. 01:03 PM | 2 Likes Like |Link to Comment
  • Seeking Alpha welcomes its 1 millionth member! That's a community 1M strong (and counting) of your fellow investors, reading, blogging and chatting about where to invest. To celebrate our million users, imagine you have $1M in play money to put where you like; use the comments on this post to tell us what stocks, ETFs or other investments would get your allocations - and how you use Seeking Alpha to help make those decisions.  [View news story]
    Speaking for the team that brings you Market Currents: We're thrilled to be a part of such a large (and fast-growing) community, and excited to bring you real-time news and analysis each day, all day. Whether you agree or disagree with the articles and their points of view -- and whether each day's news items bring you good news or bad news for your investments -- there's tremendous value in all of us coming together to read and discuss them, and that gets more valuable all the time with a plugged-in, engaged community like we have.

    Thanks to all of you, our readers, as well as contributors, SA employees and everyone else who makes this such an enjoyable place to cover the news, pore through the analysis, come together and talk investing.

    Jason Aycock
    Managing Editor, Market Currents
    Mar 26, 2012. 11:34 AM | 3 Likes Like |Link to Comment
  • Dendreon (DNDN): Q4 GAAP EPS of $0.26, non-GAAP EPS of $0.45, vs. consensus estimate of -$0.23. Revenue of $202.1M (+208% Y/Y) beats by $81M. Shares +2.9% premarket. (PR)  [View news story]
    We've gone into this item after publication to clarify that DNDN is reporting a $0.26/share profit in GAAP terms, $0.45/share in non-GAAP (adjustments for depreciation, amortization, stock compensation, imputed interest etc.)
    Feb 28, 2012. 04:50 PM | Likes Like |Link to Comment