MagnaChip

Frontrunning: November 13

  • Moar central banks! Asian Stocks Rise Amid Stimulus Speculation; Topix Jumps (BBG)
  • Syria rebels in south emerge as West's last hope as moderates crushed elsewhere (Reuters)
  • Bufett's Berkshire to Buy Duracell Business From Procter & Gamble in $3B Deal (AP)
  • Weak Demand, Real-Estate Slump Signal Headwinds for China (WSJ)
  • China Slowdown Deepens as Leaders Said to Mull Cutting Target (BBG)
  • Saudis Reject Talk of OPEC Market Share War as Oil Slides (BBG)
  • Oil Tankers Stream Toward China as Price Drop Sparks Boom (BBG)

Frontrunning: March 31

  • US, Russia talks fail to end Ukraine deadlock (AP)
  • Russian forces 'gradually withdrawing' from Ukraine border (AFP)
  • Turkish PM Erdogan tells enemies they will pay price after poll (Reuters)
  • And Goldman arrives: Credit markets open to Argentina for first time in years (Reuters)
  • Regulators Twice Failed to Open GM Probes (WSJ)
  • Bad loan writedowns soar at China banks (FT)
  • Investors Breathe Life Into European Banks' Bad Loans (WSJ)
  • Euro zone inflation drops to lowest since 2009 (Reuters)
  • Yellowstone National Park rattled by largest earthquake in 34 years (Reuters)

Frontrunning: March 12

  • China worries chill markets, copper slumps (Reuters)
  • Peak dot com dot two idiocy: Candy Crush Saga maker King seeks $7.56 bln valuation from IPO (BBG)
  • Obama Meeting With Yatsenyuk Raises Stakes in Ukraine (BBG)
  • Federal prosecutors open criminal probe of GM recall (Reuters)
  • Pimco Cuts Government Debt on Outlook for Fed Buying (BBG)
  • Missing Malaysian Jetliner Confuses World That’s Online 24/7 (BBG)
  • Mortgage Giants Face Endgame (WSJ)
  • Russia Calls U.S. Aid to Ukraine Illegal Amid Standoff (BBG)
  • U.S. judge freezes assets of Mt. Gox bitcoin exchange boss (Reuters)
  • Ousted Libyan PM flees country after tanker escapes rebel-held port (Reuters)
  • Senate-CIA Dispute Erupts Into a Public Brawl (WSJ)

Frontrunning: September 10

  • Obama Shrinking Second-Term Hastened by Syria Opposition (BBG)
  • Obama says Russian proposal on Syria a potential 'breakthrough' (Reuters)
  • Poll Finds Support Fading for Syria Attack (WSJ)
  • France to Introduce Resolution Aimed at Dismantling Syria's Chemical Arsenal (WSJ)
  • Apple to Unveil IPhones Seeking End to Year of Struggles (BBG)
  • Verizon Plans Largest Debt Sale Ever: Proceeds From Deal, Expected to Raise $20 Billion, Would Fund Venture Buyout (WSJ)
  • Shipping Rates Seen at 2010 High on Record Ore to China (BBG)
  • Ads coming to Twitter: Twitter makes its largest acquisition, a mobile ad company (FT)
  • Houses on fire as fighting erupts in southern Philippines (Reuters)
  • Banks Seen at Risk Five Years After Lehman Collapse (BBG)

Frontrunning: July 25

  • The Department of Justice has opened an initial probe into the metals warehousing industry (WSJ)
  • Obama Says Budget Debate a Battle for Middle Class Future (BBG)
  • Death Toll From Spanish Train Crash Hits 77 (WSJ)
  • ‘Fabulous Fab’ takes to witness stand (FT)
  • Banks Said to Weigh Suspending Dealings With SAC as Charges Loom (BBG) - what about Anthony Scaramucci?
  • How the Muslim Brotherhood lost Egypt (Reuters)
  • German Business Confidence Rises for a Third Month (BBG)
  • Fraternities Lobby for Tax Break Without Hazing Penalties (BBG)
  • China charges Bo Xilai with corruption, paves way for trial (Reuters)
  • Airbus Pushes Higher-Density A380 to Counter Luxury Image (BBG)

Frontrunning: February 6

  • Tunisian opposition politician shot dead, protests erupt (Reuters)
  • China says extremely concerned after latest North Korea threats (Reuters)
  • Postal Service to cut Saturday mail to trim costs (AP)
  • Debt Rise Colors Budget Talks (WSJ)
  • Obama proposes short-term budget fix, Republicans swiftly object (Reuters)
  • S&P Analyst Joked of Bringing Down the House Before Crash (BBG)
  • Dell’s Bigger Challenge Ahead in Turnaround After Buyout (BBG)
  • Some of the Mark Carney Gloss Is Coming Off (WSJ)
  • Japan Official Says BOJ Tools Sufficient as Shake-Up Looms (BBG)
  • S&P Lawsuit Undermined by SEC Rules That Impede Competition (BBG)
  • Heavy Clashes Erupt in Syrian Capital (WSJ)

Frontrunning: February 5

  • Obama to meet with Goldman's Blankfein, other CEOs Tuesday (Reuters)
  • Chinese Firms Shrug at Rising Debt (WSJ)
  • McGraw-Hill, S&P Sued by U.S. Over Mortgage-Bond Ratings (BBG)... but not Moody's or Fitch
  • Dime a Dozen: Dollar Stores Pinched by Rapid Expansion (WSJ)
  • Dell Board Said to Vote Monday Night on $24 Billion LBO (BBG)
  • BOJ Governor Shirakawa to step down on March 19 (Reuters)
  • Alberta may offer more to smooth way for Keystone (Reuters)
  • Facebook Is Said to Create Mobile Location-Tracking App (BBG)
  • Barclays takes another $1.6 billion hit for mis-selling (Reuters)
  • Apple App Advantage Eroded as Google Narrows IPhone Lead (BBG)
  • Texas School-Finance System Unconstitutional, Judge Rules (BBG)
  • World Risks ‘Perfect Storm’ on Capital Flows, Carstens Says (BBG)

As Semi Stocks Keep Climbing, MagnaChip Files For Bankruptcy

Ah, the tech trade: nothing better than buying based on technicals, playing hot potato and ignoring the fundamentals. And when the fundamentals indicate that yet another major chip maker, this time MagnaChip has filed for bankruptcy, why bother. Executives for the former spinoff of Hynix, 2006/7 distressed debt darling, and CVC and Francisco partners portfolio company, were seen entering Bankruptcy court in Delaware not surprisingly without the idiotic grin of all those pundits on CNBC who keep pushing hyper-overvalued tech companies (but the new iPhone is out - what gives?).