Archive - Jan 22, 2009
Carlos Slim NYT 13/G Filed: Owns 16.21% Of New York Times Stock
Submitted by Tyler Durden on 01/22/2009 22:29 -0500According to the SEC filing, Carlos is now the proud owner of 25,754,000 shares of Class A NYT stock, or 16.21% of the outstanding stock.
$100MM Loan BWIC Lurking in Shadows
Submitted by Tyler Durden on 01/22/2009 22:19 -0500A $100 million loan BWIC made the rounds today. Roughly a third of the names in the list are € denominated, with the biggest among them is MacDermid 2.25% TL at 9 million.
In the dollar denominated space most names are relatively obscure with the most sizable being Sensus 2% TL-B1 at $8.7 million and Grant Forest 1st Lien at $7 million.
Deleveraging over? Not so much.
Greenlight down 22.7% for 2008; Starting New Fund: Redlight (J/K We Love David). 2008 Letter Here
Submitted by Tyler Durden on 01/22/2009 22:07 -0500"2008 was the first year that we lost money since we opened our doors in May 1996. We are disappointed about our 2008 result, and we are sure you are as well."
....
"We don't know where the bottom will be and don't want to bet the farm on guessing, so we did our buying with restraint."
....
All this, and a very personal vendetta with the German authorities on how the Volkswagen bandwagon could have been allowed to lose money, you can read here.
Univision Settles Lawsuit with Mexicans; Bonds Spike
Submitted by Tyler Durden on 01/22/2009 21:47 -0500Univision Settles Lawsuit with Mexicans; Bonds Spike
Submitted by Tyler Durden on 01/22/2009 21:47 -0500Univision Settles Lawsuit with Mexicans; Bonds Spike
Submitted by Tyler Durden on 01/22/2009 21:47 -0500Dow Jones Will Not Change Constituents
Submitted by Tyler Durden on 01/22/2009 21:27 -0500Index director John Prestbo comments that the Dow Jones Index has no intention of kicking out JPM and Bank of Financial Lynch. No reindexing for now.
Adding Insult to Pink Slip
Submitted by Tyler Durden on 01/22/2009 21:06 -0500CNBC reports John Thain had bought 84,600 shares yesterday. This translates to a loss of over $70,000 in one day. Enough to buy two commodes on legs or about 14 port-a-potties, which may be more prudent as the New York Unemployment Benefits hotline is still off the hook for the 4th week running.
****UPDATE****
The purchase apparently was at$5.71 so no major commode loss
GOOG Beats Estimates At First Glance
Submitted by Tyler Durden on 01/22/2009 21:01 -0500$5.10 4Q EPS vs. $4.96 consensus.
More as our fingers unfreeze and we can type
Seems all is well.. They just need to not hire any more people...ever
Also about 85% of employees have stock options under water... Sergei and Larry? Not so much
Midday Trip to Bryant Park One
Submitted by Tyler Durden on 01/22/2009 20:45 -0500As we were bored and there is only so much you can stare at MC Cabrera's.... face, we decided to investigate if the rumors of a mass exodus at Bank of Financial Lynch were true. We happened to pass by 133 East 64th and sure enough things seemed like an ordinary Thursday at Bernies.
Midday Trip to Bryant Park One
Submitted by Tyler Durden on 01/22/2009 20:45 -0500As we were bored and there is only so much you can stare at MC Cabrera's.... face, we decided to investigate if the rumors of a mass exodus at Bank of Financial Lynch were true. We happened to pass by 133 East 64th and sure enough things seemed like an ordinary Thursday at Bernies.
NYS Unemployment Highest Since 1994. And This Only For Q4
Submitted by Tyler Durden on 01/22/2009 18:13 -0500*NEW YORK STATE LABOR DEPARTMENT PRESENTS DATA IN RELEASE
*NEW YORK STATE LOST 100,000 JOBS IN LAST 3 MONTHS OF 2008
*NEW YORK STATE UNEMPLOYMENT RISES TO 7% IN DECEMBER :NYC US
*NEW YORK JOBLESS AT HIGHEST SINCE JUNE 1994, STATE REPORTS
Janus Capital Hits All Time Low
Submitted by Tyler Durden on 01/22/2009 17:59 -0500Good to see that mutual funds, even smallish ones, aren't faring any better than their BSD "hedging" brethren. In the words of Janus Capital CEO Gary Black, "the 4th quarter, for us and for everyone else, was dead." Janus' largest fund, the $7 billion Janus Twenty Fund fell 42% last year while the somewhat smaller Janus Orion Fund dropped 50%. Maybe they can rename it something cooler and people will forget all about this abysmal performance?
It Is All His Fault!
Submitted by Tyler Durden on 01/22/2009 17:46 -0500The Brits are scared... very scared
It Is All His Fault!
Submitted by Tyler Durden on 01/22/2009 17:46 -0500The Brits are scared... very scared









