Archive - Jan 2009 - Story

In a move that is sure to shatter Warren Buffett's heart, Becky Quick has recently gotten hitched... to none other than her boss it seems. Page 6 reports that the anchor of Squawk Box quietly married CNBC executive producer Matthew Quayle, who is apparently a big Christian, and a divorcee with two kids to boot.

In a move that is sure to shatter Warren Buffett's heart, Becky Quick has recently gotten hitched... to none other than her boss it seems. Page 6 reports that the anchor of Squawk Box quietly married CNBC executive producer Matthew Quayle, who is apparently a big Christian, and a divorcee with two kids to boot.

I guess the expression "throwing good money after bad" hasn't quite made it to Tijuana yet. NYT reports that Carlos Slim is about to invest $250 million of 10 year 10% convertible preferred stock and that the New York Times board is meeting on Monday to formalize his investment.

I guess the expression "throwing good money after bad" hasn't quite made it to Tijuana yet. NYT reports that Carlos Slim is about to invest $250 million of 10 year 10% convertible preferred stock and that the New York Times board is meeting on Monday to formalize his investment.

We like Southwest - cheap tickets, drunk passengers on the Vegas flights, hot passengers on others, sweet equity ticker... Yet something is fishy in the city of Dallas...

James Ossie of Alpharetta, Georgia's CRE Capital is the latest Madoff wannabe. Yawn, just $25 million. Nothing to see here. The guy isn't even on the run. Allegedly the company was marketed as "distinctive, high-end private investment company offering a progressive and low-risk, high-yield opportunities (sic) to investors."

On January 18 hedgebay.com announced the following $10 million blocks for sale:
- SAC Multi Strategy
- Montpellier Resources
- ZLP Offshore

Additionally, an investor with some foresight is bailing out of $6.65 million in Millennium. Another major selling block recently has been a $20 million piece of Elliott International that a seller has been dangling for a while.

As our contango idea from a few days ago has caught some media attention we wanted to make some elaborations. The premise for that post was to show that based on 10 minutes of google searching and some DIY supplies, one can exploit the contango. If one is industrious enough, one could probably circumvent or cover the transportation, insurance and labor costs and still be at a profit. For industrial-grade profits however, Stamford, CT may not be the best location.

The market is crashing, the S&P will hit 500 soon, Sotheby's stock is plummeting: is there any way to invest in artistic assets in this environment? Our recommendation - get on the prebuy list for Geoffrey Raymond.

The market is crashing, the S&P will hit 500 soon, Sotheby's stock is plummeting: is there any way to invest in artistic assets in this environment? Our recommendation - get on the prebuy list for Geoffrey Raymond.

WSJ reports ($$$ here) of another one. Seriously now, they have hedge funds in Idaho? I think we have reached our saturation point - one a day now, soon to be dozens: 34 of the 1,684 hedge funds reporting quarterly results have never had a down quarter (you listening SEC, you may want to do something here proactively).

It has been 4 days since we demonstrated Zimbabwe's recently issued $50 billion note...

The WSJ reports ($$$ link) that Mexican billionaire (or is that millionaire now, we need to double check) Carlos Slim Helu may bail out the New York Times.

The WSJ reports ($$$ link) that Mexican billionaire (or is that millionaire now, we need to double check) Carlos Slim Helu may bail out the New York Times.

"Bankrupt but not really" carmaker, General Motors, which has already likely burned thru the $13.4 billion in taxpayer money it received a couple of weeks ago, is poised to keep the fire going a whole lot longer.