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Bank of America Stalls Foreclosure Process - Analyst Blog
Monday, October 4, 2010 - 11:21pm | 980On Friday, Bank of America Corporation (BAC) announced that it is holding up foreclosures in 23 states to examine whether some of its former executives rushed through documents of homeowners without properly evaluating the authenticity of the information. The verification includes the accuracy of...
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Keefe Bruyette & Woods Raises Estimates For PHH Corporation
Monday, October 4, 2010 - 7:22am | 58Given the increase in mortgage refinance activity as a result of lower rates, Keefe Bruyette & Woods is raising its 3Q10 operating estimate to $0.78 from $0.71 for PHH Corporation (NYSE: PHH). The revised estimate assumes stronger mortgage production volumes and gain-on-sale income margins as...
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Market Potentially at a Turning Point 10-01-2010
Friday, October 1, 2010 - 6:40pm | 798Cusick's Corner This market is potentially at a turning point. I think that resistance looks ready to mount up some momentum in front of this busy week. At this stage the market has not been able to advance with the conviction that it had been showing off since the August lows. If you are still...
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Will Hollywood Haunt Facebook IPO?
Friday, October 1, 2010 - 3:03pm | 193Despite all the hoopla about the negative portrait painted of Facebook and its founder in “The Social Network,” it seems unlikely the flick will do anything to derail one of the most highly-anticipated initial public offerings since ... the bursting of the tech bubble. Facebook's debut on the...
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10 Dirt-Cheap Stocks With Analysts' Approval
Wednesday, September 29, 2010 - 9:32am | 344BOSTON (TheStreet) -- Here are 10 stocks that investors have left for dead. Yet, analysts give them positive reviews, in part, because they're so cheap. Some are predicted to double or triple in the next 12 months. They're ordered by forward earnings multiple, from cheap to cheapest. 10. Ashford...
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Top 4 Stocks In The Asset Management Industry With The Highest Operating Margin (SILU, AB, GBDC, KFN)
Wednesday, September 29, 2010 - 5:49am | 129Below are the top asset management stocks on the NYSE, the NASDAQ and the AMEX in terms of operating margin. The trailing-twelve-month operating margin at Sprott Resource Lending Corp O (AMEX: SILU) is 155.37%. SILU's quarterly earnings soared 76.60% y/y. The trailing-twelve-month operating margin...
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Encore Capital Issues Senior Notes, Expands Credit Facility
Monday, September 27, 2010 - 7:28am | 56Encore Capital (NASDAQ: ECPG) issued senior notes and expanded the size of its credit facility. Keefe, Bruyette, & Woods is raising its estimates to incorporate lower interest expense than had previously been forecast. KBW has a Market Perform rating on ECPG with a $23 price target. ECPG...
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MetLife Units Vend Notes - Analyst Blog
Saturday, September 25, 2010 - 1:00pm | 704Recently, a couple of subsidiaries of MetLife Inc. (MET) sold off senior notes worth approximately $2 billion. According to the Reuters, on Wednesday, MetLife Global Funding I vended off its 5-year senior notes worth $850 million in the 144A private placement market. The quantum of the notes...
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Bookkeeping: Stopped Out of NASDAQ OMX (NDAQ) Short
Friday, September 24, 2010 - 10:15am | 394Considering the environment NASDAQ OMX (NDAQ) has been a "good" short in that despite an ever rising market it was stuck below resistance the past few weeks. Finally today's gap up and surge in the broader market ended the show, and my stop loss was hit, so we're taking a 4%ish loss. If the...
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21 Stocks Starting To Gain Momentum
Wednesday, September 22, 2010 - 2:30pm | 214This is a new stock screen that I recently put together, which I thought would be of good use to you in finding stocks that should start catching a bid. This is similar to its sister-screen that I call "Stocks That Are Breaking Down". A lot of these stocks are showing signs of finally gaining some...
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IBM Bids for Netezza - Analyst Blog
Tuesday, September 21, 2010 - 9:09am | 1410A premier Information Technology (IT) services provider, International Business Machines Corp. (IBM) has agreed to acquire data warehouse company Netezza Corp. (NZ) in an all cash transaction of $1.70 billion or $27.00 per share. The price of $27.00 per share reflects a 9.8% premium on September...
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CIT Reduces High Cost Debt (CIT)
Tuesday, September 21, 2010 - 8:56am | 127CIT Group Inc. (NYSE: CIT) today announced that it will redeem all of its outstanding 10.25% Series B second lien Notes maturing in 2013 and 2014. The Company has provided a redemption notice to the trustee and intends to complete the redemption on October 21, 2010. The aggregate principal amount...
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OMX Commodities and GFI Group Inc. Announce Agreement to Electronically Clear Physical U.S. Power and Natural Gas Transactions
Tuesday, September 21, 2010 - 8:23am | 118OMX Group, Inc. (Nasdaq: NDAQ) and GFI Group Inc. (Nasdaq: GFIG) today announced a strategic agreement to offer electronic trading and clearing of continental U.S. power and natural gas. The agreement broadens the clearing options for energy traders in the U.S and expands NASDAQ OMX Commodities'...
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What Buffett Selling Moody's (NYSE:MCO) Shares Could Mean For Option Traders
Friday, September 17, 2010 - 8:40am | 2047Although Warren Buffet is a “huge bull” toward the U.S. economy, there are names within the market that he's not as optimistic about. Buffett's company, Berkshire Hathaway, filed to sell 1.3 million shares of Moody's Investor Service (NYSE:MCO) earlier this week. Throughout the year, Berkshire has...
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2010 Fund Performance Period 9
Thursday, September 16, 2010 - 3:54pm | 4372If, after reading the blog content you might have an interest in participation for the mutual fund, please consider reading why this blog exists. Conditional launch date should be late October to mid November 2010. [Jan 2008: Reader Pledges Toward Mutual Fund Launch] [May 2008: Frequently Asked...