Sirius Sattelitte Radio ( SIRI ) is up big this morning to $1.51 after the CEO Mel Karmazin bought 1 Million shares August 4th, 2008 at $1.37 per share. Mell now has a total of 8.5 million shares of SIRI.
Keep in mind, there are 1.5 billion shares outstanding so while this is positive.....3 million dollars is nothing to Mel.
I personally think he hasn't done a good job....ever since he has come, the stock price has sunk....he has been promising cash flow positive, this and that, but the stock has sunk from $9 to almost $1. Imagine Apple going from $180 down to $20.....would you still think Steve Jobs did a good job at Apple ( AAPL )?
Tuesday, August 5, 2008
Monday, August 4, 2008
Potash ( POT ) Stock Alert - Breaking down 8/04/08
Potash is testing that $190 level again after topping out a month ago in the $240's. If Potash closes below this level....look out below! Check out my Technical Analysis of Potash!
Six Flags ( SIX ) stock up in Pre Market Trading
This morning Six Flags ( SIX ) has released earnings which appear to be better then expected. SIX is soaring up 26% to $1.41 in pre market action
Second Quarter Adjusted EBITDA Increases 52% to $87.6 million
- Six Month Revenues Up 5%; Operating Costs and Expenses down 5%
- Six Month Adjusted EBITDA Improves by $45.4 million
Total revenues of $345.7 million increased 1% over the prior-year quarter, while total attendance declined 3% to 8.6 million, reflecting the timing of Easter, which was in the first quarter of 2008 versus the second quarter of 2007. On a year-to-date basis, attendance through June 30, 2008 was unchanged at 10.1 million.
Revenue growth for the second quarter reflected growth in sponsorship, licensing and other fees, which increased $5.2 million over the prior-year period to $14.5 million. This growth, combined with the increased guest spending, resulted in a 3% increase in total revenue per capita to $40.02 in the current quarter from $38.72 in the second quarter of 2007.
Increases in per capita guest spending, which grew $0.67 to $38.34, a 2% increase over the per capita guest spending of $37.67 for the second quarter of 2007, reflected higher food and beverage, rentals, admissions, parking and retail revenues.
Second Quarter Adjusted EBITDA Increases 52% to $87.6 million
- Six Month Revenues Up 5%; Operating Costs and Expenses down 5%
- Six Month Adjusted EBITDA Improves by $45.4 million
Total revenues of $345.7 million increased 1% over the prior-year quarter, while total attendance declined 3% to 8.6 million, reflecting the timing of Easter, which was in the first quarter of 2008 versus the second quarter of 2007. On a year-to-date basis, attendance through June 30, 2008 was unchanged at 10.1 million.
Revenue growth for the second quarter reflected growth in sponsorship, licensing and other fees, which increased $5.2 million over the prior-year period to $14.5 million. This growth, combined with the increased guest spending, resulted in a 3% increase in total revenue per capita to $40.02 in the current quarter from $38.72 in the second quarter of 2007.
Increases in per capita guest spending, which grew $0.67 to $38.34, a 2% increase over the per capita guest spending of $37.67 for the second quarter of 2007, reflected higher food and beverage, rentals, admissions, parking and retail revenues.
Meredith Whitney on CNBC 8/04/08 ( C ) ( WB )
This morning Meredith Whitney was on CNBC talking about the credit crisis and the banks. She says that we are a little over half way out of this mess and that the banks stocks which are up 70-80% off there lows should go back and retest. She makes a point that the consumer will be even more dampened in the months and year to come as credit card lines will tighten even more.
Those of you that don't know about Meredith Whitney, she was one of the first to call the Citigroup downturn when everyone was laughing at her. A few months ago she downgraded Wachovia Bank ( WB ). Meredith still thinks that Citigroup must cut their dividend because they are raising so much capital....why would they pay out to investors when they are raising capital? It doesn't make sense.
Meredith Whitney does not think the worst is over. She will be on the cover of Forbes Magazine either this month or next...
Those of you that don't know about Meredith Whitney, she was one of the first to call the Citigroup downturn when everyone was laughing at her. A few months ago she downgraded Wachovia Bank ( WB ). Meredith still thinks that Citigroup must cut their dividend because they are raising so much capital....why would they pay out to investors when they are raising capital? It doesn't make sense.
Meredith Whitney does not think the worst is over. She will be on the cover of Forbes Magazine either this month or next...
Pre Market Stock Action 8-04-08 ELN
This morning we don't really have anything exciting going on.....the markets are down slightly.
The only mover I see so far is Elan ELN which is up 5% which I think is a dead cat bounce.
Economic Data is just out......personal income up .10%...personal spending up .60%...not bad at all.
Tomorrow there is a Fed Meeting followed by a Fed Decision..... It is a busy Earnings week once again!
The only mover I see so far is Elan ELN which is up 5% which I think is a dead cat bounce.
Economic Data is just out......personal income up .10%...personal spending up .60%...not bad at all.
Tomorrow there is a Fed Meeting followed by a Fed Decision..... It is a busy Earnings week once again!
Friday, August 1, 2008
Jobs Report
We lost 51,000 jobs, unemoloyment rate is now 5.7
This was better then expected on the jobs front
This was better then expected on the jobs front
Thursday, July 31, 2008
ELAN - ELN - Tysabri Drug goes wrong!
Tonight Elan ( ELN ) is down another 35% as the company released an SEC filing stating that two patients taking Tysabri were infected with the rare PML brain disorder.
These two incidents happened today and yesterday....both patients are in Europe....one still hospitalized, the other is at home and clinically stable.
Elan was $32 just days ago and now has fallen to $11.50 afterhours tonight.
ELN has strong support in the $7 range so if it got there it might be interesting. This is fresh news so tomorrow I will look to see how the market takes this news.
Watching my level 2 trading....i'm seeing big blocks coming in for sale: 500,000 share blocks coming in hitting the bidders. Not a good sign!!
ELN could trade between 80-120 million shares tomorrow I would guess. Who knows maybe more! Keep this stock on your watchlists.
Please note: Biogen Idec ( BIIB ) is also a partner for this drug
http://www.sec.gov/Archives/edgar/data/737572/000095016208000315/elan6k_073108.htm
These two incidents happened today and yesterday....both patients are in Europe....one still hospitalized, the other is at home and clinically stable.
Elan was $32 just days ago and now has fallen to $11.50 afterhours tonight.
ELN has strong support in the $7 range so if it got there it might be interesting. This is fresh news so tomorrow I will look to see how the market takes this news.
Watching my level 2 trading....i'm seeing big blocks coming in for sale: 500,000 share blocks coming in hitting the bidders. Not a good sign!!
ELN could trade between 80-120 million shares tomorrow I would guess. Who knows maybe more! Keep this stock on your watchlists.
Please note: Biogen Idec ( BIIB ) is also a partner for this drug
http://www.sec.gov/Archives/edgar/data/737572/000095016208000315/elan6k_073108.htm
Earnings 7-31 4pm - CHK, HNSN, BOOM
Last night we had great earnings from Visa and First solar....Akamai disappointed and it is getting killed today just like Garmin on Wednesday.
Tonight we have Earnings from Chesapeake Energy, Hansen Medical, Dynamic Materials.
Chesapeake Energy ( CHK ) - We already know their earnings might be effected by hedges they put on for the quarter relating to natural gas prices. I want to see what they say about their Shale positions, especially their Haynesville Shale play.
Dynamic Materials ( BOOM ) - I have been following this company since 2004-2005 when it was $3....have been in and out of it several times. This company has a product called explosive metal cladding....this is used on a number of things especially ships. Over the past year the blow out earnings quarters have tamed down. This is a stock to watch.
Hansen Medical ( HNSN ) Are you familiar with Intuitive Surgical ( ISRG )? The founder of ISRG, Dr. Moll, took HNSN public in late 2006. Hansen offers Sensei Robotic Catheter System, which is designed to allow physicians to navigate flexible catheters with stability and control in interventional procedures. They had no revenues last year but now are quietly selling these machines. This company will explode once they start making a profit. ( Similar to ENER..but different sector ) Keep an eye on this stock!
Tonight we have Earnings from Chesapeake Energy, Hansen Medical, Dynamic Materials.
Chesapeake Energy ( CHK ) - We already know their earnings might be effected by hedges they put on for the quarter relating to natural gas prices. I want to see what they say about their Shale positions, especially their Haynesville Shale play.
Dynamic Materials ( BOOM ) - I have been following this company since 2004-2005 when it was $3....have been in and out of it several times. This company has a product called explosive metal cladding....this is used on a number of things especially ships. Over the past year the blow out earnings quarters have tamed down. This is a stock to watch.
Hansen Medical ( HNSN ) Are you familiar with Intuitive Surgical ( ISRG )? The founder of ISRG, Dr. Moll, took HNSN public in late 2006. Hansen offers Sensei Robotic Catheter System, which is designed to allow physicians to navigate flexible catheters with stability and control in interventional procedures. They had no revenues last year but now are quietly selling these machines. This company will explode once they start making a profit. ( Similar to ENER..but different sector ) Keep an eye on this stock!
Wednesday, July 30, 2008
Earnings 7-30 4pm - Visa ( V ) First Solar ( FSLR ) Akamai ( AKAM )
After a great night last night from BWLD, Garmin came in with some very bad news this morning on their Nuvifone delay.
Tonight we have a number of companies due to report earnings
Visa (V) - Analysts are expecting Visa to earn .48 cents per share. This stock has really run up going into earnings but I expect a good report. How the stock reacts is a totally different story. Last quarter Visa was down big after the earnings release...opened the next day at $71....ran the whole day and closed near $78. They earned .52 cents last quarter.
First Solar (FSLR) - Analysts are expecting First Solar to earn .58 cents a share. FSLR is trading at a very high p/e ratio so any miss or guidance miss would be a huge disappointment and you would see FSLR really go down. If they come out and beat, and then raise...you could see First Solar really break out.
Akamai ( AKAM ) - I really like this company....Akamai basically powers the internet with their technology. Most of the Video that runs on the Internet is powered by Akamai.
That website shows you the traffic through Akamai system....it has basically doubled from a year ago. Earnings Guidance will be key tonight...so watch AKAM
Tonight we have a number of companies due to report earnings
Visa (V) - Analysts are expecting Visa to earn .48 cents per share. This stock has really run up going into earnings but I expect a good report. How the stock reacts is a totally different story. Last quarter Visa was down big after the earnings release...opened the next day at $71....ran the whole day and closed near $78. They earned .52 cents last quarter.
First Solar (FSLR) - Analysts are expecting First Solar to earn .58 cents a share. FSLR is trading at a very high p/e ratio so any miss or guidance miss would be a huge disappointment and you would see FSLR really go down. If they come out and beat, and then raise...you could see First Solar really break out.
Akamai ( AKAM ) - I really like this company....Akamai basically powers the internet with their technology. Most of the Video that runs on the Internet is powered by Akamai.
That website shows you the traffic through Akamai system....it has basically doubled from a year ago. Earnings Guidance will be key tonight...so watch AKAM
Garmin GRMN Earnings - Nuvifone delayed - FNM, FRE Stocks
This morning Garmin reported $1.19 per share, alot higher then expected. Revenues were a little light. They are cutting guidance and delaying their nuvifone until the first half of 2009. Very Bad News!
Other news, BWLD Buffalo Wild Wings beat earnings last night and the stock is up 10% today.
Freddie Mac ( FRE ) and Fannie Mae ( FNM ) are also set to move higher in pre market.
Other news, BWLD Buffalo Wild Wings beat earnings last night and the stock is up 10% today.
Freddie Mac ( FRE ) and Fannie Mae ( FNM ) are also set to move higher in pre market.
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