Archive - Apr 2009
April 21st
Vornado To Issue 12.5 Million Shares, Stock Gaps Up $2+ At Close Due To [Insert BS Reason Here]
Submitted by Tyler Durden on 04/21/2009 20:20 -0500Not like this is even remotely surprising, but Zero Hegde will report on the reverse inquiry by whoever the underwriter is on this one (Goldman? Merrill? 50/50) with the main 5 holders.... who happen to be: Vanguard, Barclays Global, Fidelity, State Street and.... Cohen and Steers.
Indicatively, analyst ratings:
Sakwa (ML) - Neutral
Haberman (GS) - Neutral/Cautious
UPDATE: And the winner is Merrill Lynch!!!! (and JP Morgan).
Let's go Steve - the people demand an upgrade
Vornado To Issue 12.5 Million Shares, Stock Gaps Up $2+ At Close Due To [Insert BS Reason Here]
Submitted by Tyler Durden on 04/21/2009 20:20 -0500Not like this is even remotely surprising, but Zero Hegde will report on the reverse inquiry by whoever the underwriter is on this one (Goldman? Merrill? 50/50) with the main 5 holders.... who happen to be: Vanguard, Barclays Global, Fidelity, State Street and.... Cohen and Steers.
Indicatively, analyst ratings:
Sakwa (ML) - Neutral
Haberman (GS) - Neutral/Cautious
UPDATE: And the winner is Merrill Lynch!!!! (and JP Morgan).
Let's go Steve - the people demand an upgrade
Vornado To Issue 12.5 Million Shares, Stock Gaps Up $2+ At Close Due To [Insert BS Reason Here]
Submitted by Tyler Durden on 04/21/2009 20:20 -0500Not like this is even remotely surprising, but Zero Hegde will report on the reverse inquiry by whoever the underwriter is on this one (Goldman? Merrill? 50/50) with the main 5 holders.... who happen to be: Vanguard, Barclays Global, Fidelity, State Street and.... Cohen and Steers.
Indicatively, analyst ratings:
Sakwa (ML) - Neutral
Haberman (GS) - Neutral/Cautious
UPDATE: And the winner is Merrill Lynch!!!! (and JP Morgan).
Let's go Steve - the people demand an upgrade
Daily Credit Market Summary: April 20 - Differentiation
Submitted by Tyler Durden on 04/21/2009 20:02 -0500Spreads were mostly wider in the US today (diverging from equity markets once again) with IG worse, HVOL wider, ExHVOL better, XO wider, and HY selling off.
Pecora V2.0 Coming
Submitted by Tyler Durden on 04/21/2009 19:37 -0500Bankers - you may want to check if you can hide under your desks... Pelosi is coming.
Capital One Misses, Stock Should Hit $1000 Tomorrow
Submitted by Tyler Durden on 04/21/2009 19:14 -0500Reported loss of -$0.39 EPS on -$0.08 consensus. Managed revenues fell 18.6% year-over-year to $3.73 billion, missing consensus estimates of $4.17 billion. The company reported a Tier 1 capital ratio of 11.4% and a tangible common equity ratio of 4.8%. Capital One added a $124.1
million allowance for loan losses.
Some Totally Unexpected REIT Lack Of Love From Merrill Lynch
Submitted by Tyler Durden on 04/21/2009 18:19 -0500Hey Regency, this is what happens when you don't tap ML as lead underwriter: you get the expected headline "Improving Balance Sheet" but no accompanying Upgrade or target price increase (in a note just released by Merrill Lynch/Bank of America which was somehow not a lead underwriter on this particular offering).
Some Totally Unexpected REIT Lack Of Love From Merrill Lynch
Submitted by Tyler Durden on 04/21/2009 18:19 -0500Hey Regency, this is what happens when you don't tap ML as lead underwriter: you get the expected headline "Improving Balance Sheet" but no accompanying Upgrade or target price increase (in a note just released by Merrill Lynch/Bank of America which was somehow not a lead underwriter on this particular offering).
Some Totally Unexpected REIT Lack Of Love From Merrill Lynch
Submitted by Tyler Durden on 04/21/2009 18:19 -0500Hey Regency, this is what happens when you don't tap ML as lead underwriter: you get the expected headline "Improving Balance Sheet" but no accompanying Upgrade or target price increase (in a note just released by Merrill Lynch/Bank of America which was somehow not a lead underwriter on this particular offering).
Deep Thoughts From Ben Dover III
Submitted by Tyler Durden on 04/21/2009 18:09 -0500The inimitable Ben N. Dover III strikes again, providing lucid insight to the Securities And Exchange Commission.
So The Treasury Was Lying After All?
Submitted by Tyler Durden on 04/21/2009 17:54 -0500After all the brewhaha yesterday by the Treasury that they had nowhere, nohow released Stress test results, the Associate Press (a little more credibility than an alleged white supremacist) has just come out with an exclusive that claims it has seen a Federal Reserve document discussing the stress test implications - yes,
SPY Intraday VWAP Compression
Submitted by Tyler Durden on 04/21/2009 17:27 -0500
compliments of Creditresearch
