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Jason Aycock

Jason Aycock
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  • 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 07:33 PM | 8 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 05:37 PM | 4 Likes Like |Link to Comment
  • Moody's places the U.S. Aaa bond rating on review for downgrade, citing the possibility a debt ceiling deal will not be reached.  [View news story]
    It may not be *surprising* -- but the actual happening is news since it (usually) has an effect on Treasurys ...
    Jul 13 05:11 PM | 4 Likes Like |Link to Comment
  • Just One Stock: Good Cash, Low Debt Mark a Different Kind of Developer [View article]
    Not sure about all your questions, but: I'm the one who interviewed Ben, and our disclosure line notes his long position in TRC.
    Jun 18 02:08 PM | 4 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 01:40 PM | 3 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 11:34 AM | 3 Likes Like |Link to Comment
  • Glu +1.5% AH after King partly blames Kardashian game for woes [View news story]
    COO Stephane Kurgan:
    "There are a number of possible external factors, one of which is obviously competition, and indeed we've seen a number of games emerge in the top 10 where there is clearly a demographic overlap with our business.

    "You have two categories, right? You have, you know, a very successful game from Glu, which is the Kardashian game, which has risen very fast, which clearly has strong overlap with our demographic.

    "But you also have a game like '2048,' which is another great success which we haven't seen in the top grossing, but which obviously has an impact on the time, on the minutes being played by your player base."
    Aug 12 07:59 PM | 2 Likes Like |Link to Comment
  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    Ah -- we are in the midst of some changes to Portfolio view so stay tuned. You should have the power back on the desktop to do this; mobile apps currently filter in the Market Currents in portfolio view.
    Jul 29 10:50 AM | 2 Likes Like |Link to Comment
  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    To all those who don't care for an auto-refreshing Market Currents page: We're listening to all your suggestions on that, but at the moment you can also turn that "off" like so:

    --There are three links visible at the top of the stream: "Latest | Today so far | Yesterday"
    --The "Latest" (default view) auto-refreshes, but if you pick "Today so far" or "Yesterday" it locks in for easier reading. You'll have to refresh those views yourself, though.
    --On either of those two latter views, at the very bottom of the stream is a link reading "Other date" which lets you select any Market Currents day you want to read -- if you want to go back to key dates or events, or days you might have missed.

    Hope that helps.
    Jul 29 09:43 AM | 2 Likes Like |Link to Comment
  • Seeking Alpha fires a shot at Bloomberg, StreetAccount [View news story]
    Brian: Are you accessing via the Web or mobile? You should be able to see this subset of Market Currents via the Portfolio view.
    Jul 29 09:30 AM | 2 Likes Like |Link to Comment
  • House Republicans - including House Majority Leader Eric Cantor - are reportedly overwhelmingly opposed to the fiscal cliff deal approved by the Senate. The House appears poised to amend the deal and send it back to the Senate, setting up a legislative high-wire act. [View news story]
    We're "over" the cliff, so they could say that now. Some people are asking why the House GOP is so intransigent after November's election, but this is still the old House.

    A new Congress is sworn in at noon Thursday, and will likely have to start all over again on this in House and Senate.
    Jan 1 04:37 PM | 2 Likes 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 01:03 PM | 2 Likes Like |Link to Comment
  • The Treasury sells $32B in three-year notes at 1% even (.pdf). Bid-to-cover ratio of 3.29, vs. a recent 3.12; indirect bidders take 32.7%, vs. a recent 33.8%. Direct bidders take 15.4%, vs. a recent 11.9%.  [View news story]
    In a nutshell: Bid-to-cover is an indication of bullish interest -- $3.29 was bid for each $1 of debt available for sale.

    High numbers from direct bidders and indirect bidders (which includes foreign central banks) are considered bullish for bonds, since the remainder is primary dealers who are required to bid no matter what -- and thus often turn around and sell those holdings in the secondary market.
    May 10 02:16 PM | 2 Likes Like |Link to Comment
  • Just One ETF: Controlling Risk Through Hedge Fund Replication [View article]

    Not to quibble with any of your points except this one: You say the underperformance in the chart speaks for itself -- it's a one-year chart; is one year your default horizon, where an investment's success or failure is self-evident?
    Feb 12 01:43 PM | 2 Likes Like |Link to Comment
  • With job openings ticking up to a two-year high in October, why weren't more workers hired? Could be a lag, in which case December's unemployment numbers will look a lot better. Or the jobless aren't trying that hard to find jobs, or are a very bad fit for the jobs that are available - but it's probably all of the above.  [View news story]
    I think as written this reflects Daniel's conclusion ... he cites reasons why each of these isn't sufficient on its own, then:

    "It's most plausible, however, that all of these explanations are playing a part simultaneously. There is likely some lag, which unemployment benefits have increased since they allow workers to be pickier. Openings aren't likely a perfect match for the experience and location of job seekers."
    Dec 7 01:31 PM | 2 Likes Like |Link to Comment