This page has been archived and commenting is disabled.
Ackman and Burkle Agree to Disagree over America's Illiteracy Trends
Submitted by Tyler Durden on 01/12/2009 00:00 -0400
Even as Barnes and Noble posts a scary -7.7% comp store number for the "holiday" period, two major holders play hot potato with a big chunk of the retailer's equity.
Too Much Bad Fish Scuttles Landry's LBO
Submitted by Tyler Durden on 01/12/2009 22:58 -0400
Landry's stock tumbled today to an all time low of $6.63, before regaining a little and closing 50% down after announcing in a very cryptic press release that it is cancelling its LBO/MBO with Fertitta Holdings, the family that own
U.S. Not Spain, S&P Claims
Submitted by Tyler Durden on 01/13/2009 16:52 -0400
Just as our opinion of S&P was notched up to deplorable from abysmal, they go ahead and pull this wool over our eyes:
»
- Read more
- 963 reads
Count Vikula Mid-Term Grade in Accounting Alchemy: A+
Submitted by Tyler Durden on 01/12/2009 03:17 -0400
In the latest round of government-mediated financial synesthesia, Citi is parting with its brokerage crown jewel and making it seems like a sweet deal for investors, tax payers (also investors), and the three or four other people who care about the mass insanity that occurs in present day capital
Too Much Bad Fish Scuttles Landry's LBO
Submitted by Tyler Durden on 01/12/2009 22:58 -0400
Landry's stock tumbled today to an all time low of $6.63, before regaining a little and closing 50% down after announcing in a very cryptic press release that it is cancelling its LBO/MBO with Fertitta Holdings, the family that own
U.S. Renaissance Late, Ted-Spread Blamed
Submitted by Tyler Durden on 01/13/2009 17:25 -0400Is anyone else tired of hearing Larry Kudlow's claims that the "Ted Spread is down" (which we assume is the new way of saying a spread is tighter, or alternatively the CNBC grammer nazis could be on strike, as evidenced by such pearls from Trish Regan as "Retail consumer spending changing for the good") will be the reason for the next American golden age?
»
- Read more
- 1059 reads
Count Vikula Mid-Term Grade in Accounting Alchemy: A+
Submitted by Tyler Durden on 01/12/2009 03:17 -0400
In the latest round of government-mediated financial synesthesia, Citi is parting with its brokerage crown jewel and making it seems like a sweet deal for investors, tax payers (also investors), and the three or four other people who care about the mass insanity that occurs in present day capit
»
- Read more
- 771 reads
Ze Germans Are Spending
Submitted by Tyler Durden on 01/12/2009 23:14 -0400BN *GERMAN COALITION PARTIES AGREE TO SPEND EU50 BLN ON STIMULUS
Good thing people are at least buying their bonds...mmm wait, nevermind... Oh well, fire up the reichsmark printing press and get those wheelbarrels ready
»
- 575 reads
Wall Street's diarrhea shi(f)ting to Park Street er... Avenue
Submitted by Tyler Durden on 01/09/2009 22:00 -0400
One can follow the daily creation and destruction of wealth simply by looking at the constantly shifting landscape in New York. Could Ezra Merkin's recent fall from grace, from the top of GMAC, and potentially from duplex 6/7B spell some days of uncertainty in this otherwise inperturbable bastion of high money, 740 Park.
»
- Read more
- 2389 reads
I've got a stomachful of Xanax. I took what was left of a bottle. It might have been too much.
Submitted by Tyler Durden on 01/12/2009 15:22 -0400
You can't make this shit up. All you Hollywood agents scouring under the skirts of Daily Grill waitresses for your next script look no further (I will merely accept a firm virtual handshake and advance rights for my upcoming book), and all you employed sales people, here is a brilliant idea for how to bring your career to new heights...
Just as All The Media Choppers Vacate Midtown...
Submitted by Tyler Durden on 01/12/2009 23:54 -0400BN 17:55 *U.S. GOVERNMENT SAYS IT WILL APPEAL MADOFF BAIL RULING
Time to refuel the Embraer
»
- 643 reads
Bulumics Can Not Save Fake Sugar from Chapter 11
Submitted by Tyler Durden on 01/09/2009 23:06 -0400
If only sugar free meant debt free... In sweet vindication for fat people everywhere, Merisant today filed for bankruptcy. The maker of Equal and Canderel fake sugar sought Chapter 11 protection. The Pegasus Capital portfolio company (hm...
»
- Read more
- 1654 reads
I've got a stomachful of Xanax. I took what was left of a bottle. It might have been too much.
Submitted by Tyler Durden on 01/12/2009 15:22 -0400
You can't make this shit up. All you Hollywood agents scouring under the skirts of Daily Grill waitresses for your next script look no further (I will merely accept a firm virtual handshake and advance rights for my upcoming book), and all you employed sales people, here is a brilliant idea for how to bring your career to new heights...
Nortel Bondholders Biting Their Nails
Submitted by Tyler Durden on 01/13/2009 01:09 -0400As we reported on January 9, the likelihood of a Nortel bankrtupcy filing this coming Wednesday (coupon payment date) is high to quite high. Recent rumors from the underground community had suggested that Huawei was licking its chops at NT's metropolitan ethernet business and would pay up to $1 billion. However, based on reports from forbes and debtwire from earlier today, the deal is dead in the water. Ooops.
»
- Read more
- 1019 reads
...But Can Lose Even More Weight By Walking There
Submitted by Tyler Durden on 01/09/2009 23:38 -0400
Is Business Week merely slapping the faces of all those investors who in recent weeks bought a slew of follow-on stock issued by airline companies (probably the only companies raising capital in the past few months as $35 barrel/oi
»
- Read more
- 1897 reads