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  • Research In Motion (RIMM): FQ1 EPS of -$0.37 misses by $0.36. Revenue of $2.81B (-43% Y/Y) misses by $300M. 7.8M BlackBerries shipped, down from FQ4's 11.1M. 260K PlayBooks shipped, down from FQ4's 500K. Operating loss expected for FQ2. BlackBerry 10 smartphones now expected in calendar Q1 2013. Shares halted. (PR)  [View news story]
    Come on RIMM bulls...spin this disaster.
    Jun 28, 2012. 04:30 PM | 2 Likes Like |Link to Comment
  • Research In Motion (RIMM) might hawk its BlackBerry business to Amazon (AMZN) or Facebook (FB); sell or open up its messaging systems to Apple (AAPL) or Google (GOOG); or keep the company whole and sell a large stake to Microsoft (MSFT), Sunday Times says ($$). For now, keep an eye on Q1 earnings this week.  [View news story]
    Actually this is not true. Multiple gov't agencies have dropped RIMM this year and moved to iPhones. Do a simple google search and you'll find the articles about it.
    Jun 24, 2012. 11:43 PM | 1 Like Like |Link to Comment
  • Research In Motion (RIMM) might hawk its BlackBerry business to Amazon (AMZN) or Facebook (FB); sell or open up its messaging systems to Apple (AAPL) or Google (GOOG); or keep the company whole and sell a large stake to Microsoft (MSFT), Sunday Times says ($$). For now, keep an eye on Q1 earnings this week.  [View news story]
    No one cares about BBM. To think so is to hang hopes on air. Good Luck with that.
    Jun 24, 2012. 11:15 PM | 3 Likes Like |Link to Comment
  • It is Germany and not Greece or any other GIIP that should say "Auf Wiedersehen" to the euro, says GaveKal analyst Anatole Kaletsky. The other members should force the issue with a vote in the ECB for unlimited QE. A German exit would be "very bullish for practically all global risk assets," Kaletsky says, although it wouldn't be so great for German exporters and banks.  [View news story]
    That wasn't my point. I wrote an article on another website 2 yrs ago that Germany should leave.
    Jun 19, 2012. 11:19 AM | Likes Like |Link to Comment
  • It is Germany and not Greece or any other GIIP that should say "Auf Wiedersehen" to the euro, says GaveKal analyst Anatole Kaletsky. The other members should force the issue with a vote in the ECB for unlimited QE. A German exit would be "very bullish for practically all global risk assets," Kaletsky says, although it wouldn't be so great for German exporters and banks.  [View news story]
    Bullish? LOL How typically short sighted. The debt bomb won't be fixed by simple money printing. You can't fix their balance of payments deficiencies with money printing.
    Jun 19, 2012. 10:00 AM | Likes Like |Link to Comment
  • Natural gas (UNG +15%) futures soared to their largest one-day percentage gain in nearly three years after data showed a smaller than expected build in inventories. Cabot Oil & Gas (COG +8.6%) was the S&P 500's no. 2 gainer, as Morningstar says COG, with 90%-plus of its production in dry gas, "benefits or hurts the most with changes in natural gas prices." Also: WPX +4.5%, SWN +4.3%.  [View news story]
    It was still a build and temperatures are moderate all over the country. Not good for prices.
    Jun 14, 2012. 05:52 PM | 1 Like Like |Link to Comment
  • While the European debt crisis garners most of the attention, the political mess in Washington and looming "fiscal cliff" at year-end may actually pose a bigger danger to the markets. Trillions of dollars in automatic tax increases and spending cuts are on the horizon, but it's barely registering with investors. "It is unlikely that the cliff is fully priced into the markets," says BofA Merrill Lynch economist Ethan Harris. We're only beginning to grasp the size and timing of the coming shock to the economy.  [View news story]
    But Byron Wein said we'd close the year at 1450! lol
    Jun 8, 2012. 08:03 PM | Likes Like |Link to Comment
  • Chesapeake (CHK) must raise at least $7B through asset sales this year and another $2B next year to comply with credit line covenants, Jefferies calculates, and to get there it may be forced to part with some of its prized assets in undeveloped oil shale fields in Ohio and south Texas. The current market environment makes CHK's plan to spin off its oilfield services subsidiary "unlikely."  [View news story]
    If they sell off their best assets, then ppl will have to greatly revise their valuation models and prices will come way down. Having to sell 9B in assets just to stay in compliance with covenants says they are in far worse shape than ppl think and it may be beyond Icahn's ability.
    May 29, 2012. 06:15 PM | Likes Like |Link to Comment
  • A Human Genome Sciences (HGSI -1.5%) shareholder sued the company's board last week and asked a court to temporarily stop the firm from using its "poison pill" to prevent GSK's (GSK) hostile $2.6B bid.  [View news story]
    Someone should tell that shareholder that he can sell his stock now for MORE than GSK's buyout offer.
    May 29, 2012. 08:53 AM | Likes Like |Link to Comment
  • Hugoton Royalty Trust: How To Buy 60 Cents For A Dollar [View article]
    Who says gas can't stay this low? If we have the "moderate" summer meteorologists are predicting, then gas will fall back under 2.
    May 22, 2012. 07:47 PM | Likes Like |Link to Comment
  • Hugoton Royalty Trust: How To Buy 60 Cents For A Dollar [View article]
    Mad props to my former intern on this one. Way to go kid! :)
    May 22, 2012. 07:42 PM | 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]
    All of these posts and not one comment about potential impairment of assets? Anyone look at their filing and wonder how their O&G properties saw a 4+% incr in valuation over the last qtr while nat gas prices plummeted and crude was flat? Or the huge increase in DTAs? Or LT Debt up ~20% QoQ? The negative FCF is just part of the problem. Ppl saying it doesn't matter don't understand how upstream businesses work. Can you have an E&P biz without CapEx? What about the fact that CHK has zero hedges on for their gas and they are selling at market prices? We haven't even gotten around to talking about potential off balance sheet items yet to be discovered and based on what we've learned in the last month you have to think they are there. This is not a healthy business right now.

    Opening what is a line of credit from GS at a variable 8.5% rate is not necessarily a good thing. People KNOW that CHK is having not just problems but HUGE problems. Do you think CHK has ANY leverage in sale negotiations? Of course not -potential buyers will bleed them for as long as they can. With gas prices at $2 and not heading much higher any time soon, no one is in a huge hurry to buy their assets.
    May 12, 2012. 11:54 PM | 1 Like Like |Link to Comment
  • A transcript of David Einhorn's questions and management answers on the Herbalife (HLF -26%) conference call shows Einhorn trying to home in on how many retail buyers of the product there are out there vs. distributors who are buying. It's the age-old question for multilevel marketing companies, several others of which are also tumbling: AVP -7.9%, NUS -13.3%, USNA -5.6%. (earlier)  [View news story]
    Actually its very relevant bec if the "agents" cant sell products then they aren't likely to hang around or keep buying the product themselves. It's a common question/ issue with MLM structures.
    May 2, 2012. 03:32 PM | Likes Like |Link to Comment
  • Analyst reactions to Research In Motion's (RIMM -5.7%) BlackBerry World conference aren't enthusiastic. RBC (previous) likes some of the BlackBerry 10 features and apps that were demoed, but expects the huge edge held by iOS and Android in available apps to remain a problem. JMP is disappointed by the absence of new commercial hardware. Pac Crest thinks RIM is further behind the competition than Palm was when it released webOS in '09 (and that didn't end well).  [View news story]
    $RIMMs FCF is actually negative. The phone was ok, but its too little too late. It still doesn't come close to doing what the Samsung Note can do and doesn't have Apple's cult status. Not to mention it's not even coming out until later in the year against the new iPhone. Good luck with that. They aren't going away any time soon, but they aren't going back to 20+ anytime soon either.
    May 2, 2012. 08:32 AM | Likes Like |Link to Comment
  • Analyst reactions to Research In Motion's (RIMM -5.7%) BlackBerry World conference aren't enthusiastic. RBC (previous) likes some of the BlackBerry 10 features and apps that were demoed, but expects the huge edge held by iOS and Android in available apps to remain a problem. JMP is disappointed by the absence of new commercial hardware. Pac Crest thinks RIM is further behind the competition than Palm was when it released webOS in '09 (and that didn't end well).  [View news story]
    LOL say hello to single digits.
    May 1, 2012. 09:13 PM | Likes Like |Link to Comment
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