Deutsche Bank downgrades Ford (F) to Hold on a valuation call after shares ran up past $14. The firm thinks Ford could see a tough pricing environment in certain segments and expectations could slip. F -1.3% premarket. [View news story]
Totally agree with above. I wonder if they are trying to push stock down so they can buy like Goldman Sachs does.
General Electric Continues To Work On Things That Matter [View article]
The main thing that is holding the value of GE down in the market is Jeff Immelt GE CEO. If the board would replace him with someone of Jack Welch's capabilities the stock would move up rapidly. A lot of investors I know won't touch GE as long as Immelt is running company.
Kinder Morgan (KMP) agrees to acquire Copano Energy (CPNO) for $3.2B in stock, or $5B including debt, with Kinder's offer of $40.91 a share representing a 23.5% premium to Copano's close yesterday. The deal will provide Kinder with natural gas assets in Texas, Oklahoma and Wyoming, adding 6,900 miles of pipelines to the company's 46,000 existing miles. (PR) [View news story]
It probably means they will come out with a new offering as they have in the past diluting current stockholders value.
Alpine Total Dynamic Fund's (AOD) recent distribution cut may have permanently alienated its fans, but at least one knock - its premium to NAV - no longer remains. At $3.99/share, the stock is trading at more than a 13% discount to NAV. Samuel Lieber - the President - is a buyer, picking up 50K shares at $4.01 on Friday. [View news story]
Hope it's finally found a bottom.This may be some indication of such. I got suckered into the initial IPO by my Stifel broker at the time pounding the table saying it and AWP were the best thing since slice bread for my IRAs. They said Stifel had a meeting with all their brokers and pushed both as being the best for their clients.
Two Alpine dividend funds (AOD -8.2%, AGD -12.6%) dive after slashing their monthly payouts by 50%. The AOD distribution will go to $0.027/share from $0.05, and AGD to $0.03 from $0.06. [View news story]
In IRA can't even use the loss. Thanks Stifel another bust you put me in.
Deutsche Bank downgrades Ford (F) to Hold on a valuation call after shares ran up past $14. The firm thinks Ford could see a tough pricing environment in certain segments and expectations could slip. F -1.3% premarket. [View news story]
General Electric Continues To Work On Things That Matter [View article]
Kinder Morgan (KMP) agrees to acquire Copano Energy (CPNO) for $3.2B in stock, or $5B including debt, with Kinder's offer of $40.91 a share representing a 23.5% premium to Copano's close yesterday. The deal will provide Kinder with natural gas assets in Texas, Oklahoma and Wyoming, adding 6,900 miles of pipelines to the company's 46,000 existing miles. (PR) [View news story]
Alpine Total Dynamic Fund's (AOD) recent distribution cut may have permanently alienated its fans, but at least one knock - its premium to NAV - no longer remains. At $3.99/share, the stock is trading at more than a 13% discount to NAV. Samuel Lieber - the President - is a buyer, picking up 50K shares at $4.01 on Friday. [View news story]
Two Alpine dividend funds (AOD -8.2%, AGD -12.6%) dive after slashing their monthly payouts by 50%. The AOD distribution will go to $0.027/share from $0.05, and AGD to $0.03 from $0.06. [View news story]