Putting lipstick on the pig at Chesapeake…
We were going to write about something else this morning, but then Chesapeake Energy (CHK), which as footnoted regulars know is something of a frequent flyer here, decided to file its proxy statement, so we quickly changed plans. While the company did file a preliminary proxy on April 20, there’s a lot that’s happened since...
Looks Like Apple VIX (VXAPL) Futures Are Coming Soon
In case anyone missed it, I wanted to highlight a report yesterday from Reuters which quoted Edward Tilly, President of CBOE Holdings, as saying that not only is the VIX product line ripe for expansion, but: “We have benchmarks on a number ...
Harvest Inks $110M
Harvest Power, the Waltham, Mass.-based developer of renewable energy and fertilizer products from organic waste, mulches and natural fertilizers, has raised $110 million in new funding. True North Venture Partners led the investment with American Refining and Biochemical Inc. Existing investors Kleiner Perkins Caufield & Byers, DAG Ventures and Generation Investment Management also participated. The...
Open-Ended Bailouts Are Continuing for Big Banks
Big Banks Continue to Suck at the Government Teat With Never-Ending Stealth Bailouts We’ve previously documented the fact that bailouts of the big banks are continued in stealth mode up to the present day. True, the banks claim they’ve repaid the Tarp bailout funds … but nearly half of the banks “repaid” such bailout funds...
March 14th, 2012 Market Recap, Goldman Executive Shares the Truth
Today's to-the-point market recap from Reuters, "The S&P 500 broke a five-day streak of gains on Wednesday as investors found little reason to extend a rally that took the benchmark index to four-year highs."And perhaps the most interesting is this piece from Greg Smith published in the New York Times who is leaving Goldman Sachs....
On a very loud swan song at Goldman…
Normally, we tend to stick pretty close to what’s being disclosed in the filings. But we felt that too many people were talking — really, buzzing — about the op-ed piece that Goldman Sachs (GS) trader Greg Smith wrote for the New York Times this morning that we couldn’t ignore it. We’ve heard it called...
Banks embrace the scrutiny meme
One of the things that we love to look for as we’re reading as many filings as we do are common themes or memes, which as Wikipedia notes are regarded as “cultural analogues to genes in that they self-replicate, mutate and respond to selective pressures”. We picked up on a particularly interesting one as we...
January 17th, 2012 Market Recap
Tonight's to the point speed summary comes from IBD, "Better-than-expected economic reports at home and China, along with successful debt auctions in Europe, lifted stocks Tuesday. But they ended off the best levels of the session."
Original post: January 17th, 2012 Market Recap
Bank Earnings Forecast: +57%
Today’s howler comes from the fundamental banking analyst community. Recall that this is the group who once existed to help investors decide where to place their monies. When that did not work out, their bosses morphed their business model towards generating IPO and syndicate business. When that failed, they moved towards driving short term institutional...
Cyber-Ark Software Seals $40M
Goldman Sachs and Jerusalem Venture Partners have co-led a $40 million financing for Cyber-Ark Software. As part of the round, JVP’s Founder and Chairman Erel Margalit will be nominated chairman, and David Campbell, a vice president in the merchant banking division at Goldman Sachs, will join the board. Cyber-Ark makes security products designed to protect...
