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  • The NYSE rules to let stand all trades in American Electric Power (AEP -1%) and NextEra Energy (NEE -1.2%) but prices for certain "aberrant" trades will be excluded from the high and low prices in data feeds. There were hundreds of trades early this morning in AEP at or below $46.03 and in NEE at or below $76.19, more than 50% below yesterday's closing prices.  [View news story]
    Put in your stink bids!!!
    May 23, 2013. 05:04 PM | Likes Like |Link to Comment
  • Chipotle (CMG) dips in the post session, giving back most of the day's gains after hedge fund manager Jeff Gundlach repeated his short thesis on the company during his presentation today at the Ira Sohn Conference. “All you need to compete with CMG’s core business is a taco truck,” he quips. In fact, Gundlach takes it a step further, saying he's not interested in virtually "anything related to middle-class consumer discretionary income.”  [View news story]
    All you need to compete with $WMT is a bunch of shelf space and a smiley face next to everyday low prices.
    May 8, 2013. 08:45 PM | 4 Likes Like |Link to Comment
  • Feb. Consumer Price Index: +0.7% vs. +0.5% expected, 0.0% prior. Core CPI +0.2% vs. +0.2% expected, +0.3% prior.  [View news story]
    jaych, you're right, but I strongly disagree with that mandate. I suspect they'll be forced to modify it at some point. There are many reasons as to why employers may not be hiring, and it may not be due to credit supply. For me, I look at the Fed as a custodian of the credit markets. When liquidity dries up, they provide support - when it gets overheated, they are there to tighten it. I don't think the Fed has overstayed their welcome yet but I think they'll have to become a little more hawkish in their tone. Junk bonds and leveraged loans are very spring loaded and the credit markets have priced risk at close to 0 for a while.
    Mar 15, 2013. 05:16 PM | Likes Like |Link to Comment
  • Feb. Consumer Price Index: +0.7% vs. +0.5% expected, 0.0% prior. Core CPI +0.2% vs. +0.2% expected, +0.3% prior.  [View news story]
    Growth always leads inflation, ask Japan. We're OK for the time being but the Fed needs to start thinking up an exit strategy.
    Mar 15, 2013. 09:18 AM | 1 Like Like |Link to Comment
  • Feb. Consumer Price Index: +0.7% vs. +0.5% expected, 0.0% prior. Core CPI +0.2% vs. +0.2% expected, +0.3% prior.  [View news story]
    Pablo, while you are correct, Owners Equivalent Rent (OER) was fundamentally ignored by the market during the housing boom. While the asset bubble was not reflected well in CPI, the money supply dramatically increased. I agree that it may not necessarily impact day to day consumer pricing pressure, I look at it is an understated leading indicator since housing debt is massively leveraged.
    Mar 15, 2013. 09:16 AM | Likes Like |Link to Comment
  • Fusion-io (FIO): FQ2 EPS of $0.13 beats by $0.05. Revenue of $120.6M beats by $0.68M. Shares -15% AH. (PR[View news story]
    It's in the PR .. $80 mil for q3 top line.
    Jan 30, 2013. 04:20 PM | 1 Like Like |Link to Comment
  • Fusion-io (FIO): FQ2 EPS of $0.13 beats by $0.05. Revenue of $120.6M beats by $0.68M. Shares -15% AH. (PR[View news story]
    Jan 30, 2013. 04:14 PM | 2 Likes Like |Link to Comment
  • A123 Systems (AONE) says that it may not have sufficient cash to fund operations and may need to seek bankruptcy protection. The company failed to meet interest payments on approximately $143M of its material debt agreements today, and as a result, expects to be in default by tomorrow. Shares -47% AH.  [View news story]
    About $250 million

    Oct 15, 2012. 10:18 PM | Likes Like |Link to Comment
  • FOMC Minutes: "Asset purchases should not adversely affect the ability of the Committee to tighten the stance of policy when doing so becomes appropriate," is the conclusion of the Fed staff. Most participants, according to the minutes, believe the risks of "adverse effects" from asset purchases "could be managed." Dissenting from the vote on QE∞ was the Richmond Fed's Jeff Lacker.
      [View news story]
    See: Housing, circa 2005/2006
    Oct 4, 2012. 02:14 PM | 1 Like Like |Link to Comment
  • The heatwave hitting the Midwest could wreak havoc on our corn crop, says Dennis Gartman. Without a good storm we may lose it, which could, in turn, ripple across a wide range of other industries as well. Corn is used in a variety of products from candy to renewable fuels. The key date to watch for is Independence Day. The Midwest needs a good soaker by July 4th to keep the corn crop stable. If not, Gartman warns, we're looking at a potential game changer for the markets.   [View news story]
    Disclosure: Dennis Gartman is long UAN in Vietnamese Dong terms.
    Jun 25, 2012. 09:28 PM | 1 Like Like |Link to Comment
  • Procter & Gamble's (PG) plan to offer consumers small lightweight packets of detergent in place of powder or liquid versions hits a snag after doctors around the country report a growing number of poisoning cases related to the products. The issue appears to be that the brightly-colored packets of detergent are being mistaken by children for candy and ingested.  [View news story]
    Sad to see them go, they were delicious!
    May 25, 2012. 08:47 AM | Likes Like |Link to Comment
  • On a weak day for tech, Groupon (GRPN +6.5%) bounced strongly off its 52-week lows, thanks to an upgrade to Overweight from Evercore's Ken Sena, who notes the company is now valued just slightly above Google's $6B Dec. 2010 offer. Sena also downplays the impact of Groupon's June 1 share lockup expiration, and the possibility the company will have to take a write-down on its troubled international ops.   [View news story]
    This is called 'taking one for the team'.
    Apr 23, 2012. 04:24 PM | 1 Like Like |Link to Comment
  • SandRidge's (SD) shares may have lost 44% in the past year, but CEO Tom Ward predicted in an SA interview that they should rise significantly over the next 3 years as the firm executes on a plan to double oil output and triple EBITDA. SA authors Michael Filloon (see here) and Devon Shire (see here), who took part in the interview, think SandRidge can do it.   [View news story]
    I guess Tom can no longer promote the stock through CNBC before diluting SD shareholders through acquisitions.

    SandRidge is a good company. The trusts are worth looking to. It has been and should continue to be an awful stock. Everyone who's bought SD has gotten burned. If the board truly wants investors to come in, they need to institute a shareholder rights program.
    Apr 22, 2012. 05:47 PM | 1 Like Like |Link to Comment
  • Google Stock Dividend: Why 1 + 1 Will Not Equal 2  [View article]
    "But what can I do??"

    Liquidate your position in GOOG.
    Apr 14, 2012. 06:19 AM | Likes Like |Link to Comment
  • Burger King Worldwide is set for a new NYSE listing to go along with the restaurant's new menu. Through a deal with Justice Holdings (and co-founder Bill Ackman), the combined firm will trade on NYSE after Justice suspends London trading and the deal closes in 60-90 days. "We believe it is the right time for Burger King to be publicly traded in the U.S. again."   [View news story]
    Apr 3, 2012. 10:08 PM | Likes Like |Link to Comment