By Davide Barbuscia and Saeed Azhar DUBAI (Reuters) – Citi (N:) and Deutsche Bank (DE:) have started talks with other banks to sell roughly $9 billion in debt Dubai raised to take full control of DP World (DI:) and refinance borrowings of Dubai World, sources familiar with the matter saidRead More →
Since putting out my most recent cautionary note about Canadian National Railway (CNI), the shares are up about 8.9%, against a gain of 11.5% for the S&P 500. Given that the company has reported full-year results since, I thought I’d look in on the name to see if it’s nowRead More →
After GoPro Inc., the developer of action cameras, went public in 2014, its revenue peaked in 2015 at $1.6 billion. In the four years since then, GoPro investors have never seen sales get back to those levels, and its stock price has fallen about 88% from its market debut. OnRead More →
Julio Cortez Matt King, chief executive officer for FanDuel. MIAMI — FanDuel CEO Matt King has lived in New York for so long that he “forgot what the sun looked like,” but he got a reminder during his trip to watch Super Bowl 54 in Miami, where 72 and sunnyRead More →
GE Ohio facility. Source: Barron’s General Electric (GE) reported Q4 revenue of $26.24 billion and non-GAAP EPS of $0.21 and GAAP EPS of $0.07. The company beat on revenue and non-GAAP EPS. The stock is up 6% post-earnings. I had the following takeaways on the quarter. NewCo Gains Traction OverRead More →
Baker Hughes Keeps It Steady, But Difficulties Remain Baker Hughes (BKR) provides technology solutions and equipment & services to energy and industrial customers worldwide. The company has been servicing several large LNG (liquefied natural gas) projects internationally, which is a part of its strategic plan in the medium term. However,Read More →
© Reuters. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha By Jonathan Stempel (Reuters) – The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s BerkshireRead More →
Investment Thesis Much has been written about General Electric (GE) during the past few years. Hardly a day goes by when an article about GE is published on Seeking Alpha. I have previously written four. Articles have ranged from bullish to bearish. They have discussed GE’s large debt and assetRead More →
Another day, another Russian company appears to be affected by market manipulators. Now it looks like it’s RusHydro’s (OTCQX:RSHYY) time. Everyone suddenly remembered the company in light of an article about the reorganization of its assets in the Far East. The refutation followed the same day and now the companyRead More →
There has been much talk about Gazprom (OTCPK:OGZPY) on Seeking Alpha. I’ve noticed, however, that the discussion becomes pretty incendiary when it comes to something that falls out of the bullish points of view. I’m sure that a broad, impartial discussion is the only way to avoid any kind ofRead More →
Introduction Over the last three months, we published two industry-related articles on Western Union. In the first article, we examined the threat of online money transfer posed by Xoom (currently under PayPal’s umbrella) and other digital players. In the second article, we did a deep dive into the company’s coreRead More →
American States Water (AWR) is trading 12.47% below its 52-week high of $96.00 – a high that came about as investors scrambled for a safe-haven investment in light of the U.S.-China trade war and the yield curve inversion of Treasury bonds portending recession in August – but despite this, andRead More →
A grounded 737 Max (photo credit: Lindsey Wasson/NY Times) “Designed By Clowns… Supervised By Monkeys” One of the more explosive comments in the internal emails released by Boeing (BA) on Friday was this claim about the 737 Max: This airplane is designed by clowns who in turn are supervised byRead More →
The two most prominent ways of generating cash flow from the stock market in our opinion is through the collection of dividend payments as well as the writing of covered calls. When the respective investor is utilizing either one (or both) of these strategies, she is literally forcing her portfolioRead More →
Every now and then the most important part of the quarter is not the earnings. That was definitely the case for Contango Oil & Gas (MCF). The company replaced its credit agreement with a new 5-year agreement while management went on a shopping spree. The replacement of the credit agreementRead More →
Introduction Readers know that my focus as a European is of course also on European companies. I am convinced that there are European champions that are largely unknown, but nevertheless promise long-term growth for investors. Foreign investors, who have a negative attitude towards investments abroad, should furthermore rethink about theirRead More →
The latest offer to take Hudson’s Bay (OTCPK:HBAYF) private by the investor group led by Richard Baker appears to be a fair one. I had noted before that I thought the last bid at C$10.30 (US$7.92 at current exchange rates) per share undervalued the company and real estate by aRead More →
WASHINGTON (Reuters) – The chair of the U.S. House of Representatives antitrust subcommittee pressed top regulators on Tuesday over merger decisions, including the Justice Department’s approval of T-Mobile US Inc’s (O:) proposed purchase of Sprint Corp (N:). Congressman David Cicilline raised antitrust questions as activists and Democratic presidential candidates areRead More →
© Reuters. Blake Mycoskie prepares to start the second round of the Pebble Beach National Pro-Am By Greg Roumeliotis (Reuters) – TOMS Shoes LLC’s creditors have agreed to take over the maker of casual footwear in exchange for restructuring its debt, according to a company letter sent to employees on FridayRead More →
You wouldn’t think distribution would be such a volatile business, but not only are there a lot of moving parts to Core-Mark‘s (CORE) business, the margins are thin enough that even a small matter can have an outsized impact on results. While investors had seemingly made their peace with aRead More →
Introduction Our goal is to present to you our IPO analysis for every new fixed-income security that enters the market and to find out if there is any trading potential. In this article, we want to shed light on the newest Baby Bond issued by Ford Motors Co (F). EvenRead More →
BEIJING (Reuters) – China Southern (NYSE:) Air Holding, the parent of China Southern Airlines (SS:), has set up a cargo company with registered capital of 1 billion yuan ($143 million), as it looks to consolidate its air cargo assets through state-led reforms. The move from December 24 was disclosed byRead More →
Boeing Will get the Max behind it now, and it will power the Dow towards 30K Boeing was still my “Trade of the Day” for me when the bad news happened last week. Like every trader I had regrets. “Why didn’t I sell it, I had profits, that’s what happensRead More →
© Reuters. FILE PHOTO: A Gecamines copper mine in Lubumbashi, Democratic Republic of Congo KINSHASA (Reuters) – Congolese prosecutors are investigating a 200-million-euro ($222 million) line of credit issued to state mining company Gecamines by a company owned by Israeli billionaire Dan Gertler, who is under U.S. sanctions, Gecamines saidRead More →
WASHINGTON (Reuters) – Boeing (NYSE:) Co’s Starliner astronaut spacecraft landed in the New Mexico desert on Sunday, the company said, after faulty software forced officials to cut short an unmanned mission aimed at taking it to the International Space Station. The 7:58 a.m. ET (1258 GMT) landing in New Mexico’sRead More →