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Services Stocks Lag Within Energy

Wed, 03 Dec 2008 14:21:00 GMT

During the most recent economic and market downturn the most unlikely of sub-sectors has been the worst under-performer within the Energy Sector. Services stocks, often time viewed as stalwarts within the industry, have been absolutely destroyed this year with some of the mega-caps like Schlumberger Ltd. (SLB: 43.92, 0.00 (0.00%)) leading the way. This is extremely atypical of the energy sector, and many investors are still left wondering why exactly[More...]

Seth Klarman, David Einhorn & Meryl Witmer Q3 2008 Holdings

Wed, 19 Nov 2008 16:59:00 GMT

Seth Klarman is one of the more secretive money managers out there so I don’t know what returns Baupost has generated in 2008. Here are some recent stories with his thoughts on current market conditions. Looking at his SEC filing, I see a few interesting moves: Klarman didn’t open any bold new positions other than $61M (...)[More...]

Hope The Lows Will Hold

Thu, 16 Oct 2008 13:43:00 GMT

Good morning. Investors are hoping that last week's lows are going to hold and premarket futures are pointing to a positive open. A large batch of earnings reports (see MER, C, & NOK, UNH, BAX, UTX, EBAY), a better than expected CPI reading and falling jobless claims have set the positive tone in addition to rumors that we're going to see more global rate cuts and more interventions sooner rather than later. The credit markets are showing [More...]

Worst Performers Over Last Quarter

Mon, 06 Oct 2008 06:14:00 GMT

And here is the list of worst perfomers... keep in mind this is over a 90 day period. I show 136 stocks that lost at least 45% in the previous quarter. Very bad. The list is obvious - anything global growth, commodity related or the "dead" financial types.CriteriaMarket capitalization $1.25B+Average trading volume 100K+Stock price $0+Return this month -45%+Green names we own, blue names we have owned in the past or discussed in the blog. In orange I listed names we owned at some point during the quarter.[More...]

Analyst Comments: Garmin, Acergy, PeopleSupport, Calgon Carbon, Weatherford, Scientific Games, Philip Morris, Cleveland Bio

Tue, 30 Sep 2008 12:42:00 GMT

Garmin, Ltd. (GRMN) is an OEM (original equipment manufacturer) of GPS-based equipment. June quarter results were short of the consensus on both the top and bottom lines. All segments were up double-digits in 2007, and are expected to be up again in 2008. Pricing pressures continue to intensify, however, negating some of the growth in units. Management is optimistic about material prices offsetting ASP pressures in 2008. We see increasing revenue and gradually decreasing profitability for the company. However, being a market leader, the company should fare better than most of the other smaller players. Consequently, we view the declining share price as an opportunity to accumulate shares. We reiterate our BUY rating. Sejuti Banerjea contributed to this report. [More...]

Today's Winners - It's All the Same Trade/Stock

Fri, 12 Sep 2008 20:09:00 GMT

Today's winner list is an example of why this is not a stock pickers market but a sector allocation market or as I like to say "It's all the same stock" Below is a list of 73 winners returning 6% or more. Instead of highlighting the commodity or global gr[More...]

Gapper of the Day: Foreign Mining Companies

Tue, 02 Sep 2008 22:11:00 GMT

I ran a stock scan to search for stocks gapping down more than seven percent on above average volume. My scan resulted in all foreign companies mostly in commodity and mining sector. Most of these stocks are rated as avoid by computerized scan[More...]

After Gustav & Labor Day

Tue, 02 Sep 2008 14:26:00 GMT

Good morning. We're set for a positive start to September as oil prices fall significantly after Gustav failed to wreak havoc to critical energy facilities over the holiday weekend. In other news, Korea Development Bank confirmed that it is in talks to invest in Lehman Brothers. On Friday,[More...]

Analyst Comments: Priceline, Acergy, Toyota, RC2 Corp, Hercules Capital, AGCO

Wed, 16 Jul 2008 19:45:00 GMT

We are upgrading Priceline.com's (PCLN) shares from Hold to Buy. The strength in Priceline.com's international business and operating expense controls continue to produce impressive operating leverage. For some time, Priceline.com has been producing growt[More...]

Rescue Plan For Fannie & Freddie

Mon, 14 Jul 2008 13:41:00 GMT

Good morning. Premarket futures are in rally mode after the U.S. Treasury and Federal Reserve announce a rescue plan to save Fannie & Freddie. The news is timely considering that the FDIC was forced to seize IndyMac Bancorp on Friday (the bailout will cost the FDIC an estimated $4-8 billion). In other news, traders are also watching lower energy prices, strength in the U.S. dollar, and that Anheuser-Busch accepted a acquisition offer from InBev after the Belgian company sweetened its offer to $70 per share. Premarket gainers:[More...]

Robotti & Company, LLC Reminds Shareholders of Acergy's Annual Meeting

Tue, 05 May 2009 05:55:00 GMT

Robotti & Company, LLC reminds shareholders of Acergy S.A. that the upcoming Annual General Meeting of Shareholders is scheduled to take place on May 22, 2009. Robotti has been informed that the voting deadline is May 8, 2009 for holders of American Depositary Shares , and May 13, 2009 for holders of Common Shares. Certain custodians for "street name" shares may have even earlier voting deadlines, so be sure to check with your custodian.[More...]

Acergy S.A. Conference Call Notification First Quarter 2009 Ended February 28, 2009

Wed, 01 Apr 2009 11:18:00 GMT

LONDON -- -- 04/01/09 -- Acergy S.A. will release its first quarter results on Wednesday, April 15, 2009. A conference call will be held to discuss the earnings and review business operations on Wednesday, April 15, 2009 at 3:00pm UK Time.[More...]

Award for $825 Million Gumusut-Kakap Offshore Field Contract to SapuraAcergy Joint Venture

Tue, 17 Mar 2009 08:22:00 GMT

LONDON -- -- 03/17/09 -- Acergy S.A. confirmed today the award of a contract valued at approximately $825 million to SapuraAcergy Sdn Bhd for the development of the deepwater offshore Gumusut-Kakap field. The primary contract has been awarded by Sabah Shell Petroleum Company Limited to TL Offshore Sdn Bhd, a wholly owned subsidiary of our partner, SapuraCrest Sdn Bhd. SSPC is the Operator of the Gumusut-Kakap field as contractor to PETRONAS. SSPC's co-venturers in the development of the Gumusut-Kakap field are PETRONAS Carigali Sdn. Bhd., ConocoPhillips Sabah Ltd. and Murphy Sabah Oil Co. Ltd.[More...]

Zacks Analyst Blog Highlights: Cox Radio, Lloyds Banking Group Plc, Acergy SA, Tech Data Corp and Town Sports International Holdings Inc.

Fri, 06 Mar 2009 11:05:00 GMT

Zacks.com announces the list of stocks featured in the Analyst Blog.
Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets.
Stocks recently featured in the blog include: Cox Radio (NYSE: CXR), Lloyds Banking Group Plc (NYSE: LYG), Acergy SA (NASDAQ: ACGY), Tech Data Corp (NASDAQ: TECD) and Town Sports International Holdings Inc (NASDAQ: CLUB).

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Robotti & Company, LLC Sends Letter to Acergy S.A. Board of Directors Regarding Corporate Governance & Capital Allocation

Tue, 24 Feb 2009 17:43:00 GMT

Robotti & Company, LLC sent a letter to the Board of Directors of Acergy S.A. on February 16, 2009 relating to Acergy. While Robotti praised Acergy's 2008 accomplishments and execution, Robotti detailed multiple corporate governance concerns, including recent stock and option compensation plans proposed by Acergy, past unauthorized stock option issuances, and valuation and other issues relating to the failed merger with Subsea 7 Inc. . In addition, Robotti urged Acergy to take action so that it could opportunistically repurchase its own securities and adopt minimum shareholding requirements by the Board given the Board's current lack of stock ownership.[More...]

Acergy S.A. Announces Fourth Quarter and Full Year Results

Wed, 18 Feb 2009 12:29:00 GMT

LONDON -- -- 02/18/09 -- Acergy S.A. , announced today results for the fourth quarter and audited accounts for the full year which ended on November 30, 2008.[More...]

Acergy S.A. Conference Call Notification Fourth Quarter &Amp; Full Year Results

Wed, 04 Feb 2009 11:47:00 GMT

Acergy S.A. (NASDAQ: ACGY) (OSLO: ACY) will release its fourth quarter and full year results on Wednesday, February 18, 2009.
A conference call will be held to discuss the earnings and review business operations on Wednesday, February 18, 2009 at 3:00pm UK Time.
Jean Cahuzac - Chief Executive Officer -- Stuart Jackson - Chief Financial Officer

[More...]

Acergy S.A. Conference Call Notification Fourth Quarter & Full Year Results

Wed, 04 Feb 2009 11:30:00 GMT

LONDON -- -- 02/04/09 -- Acergy S.A. will release its fourth quarter and full year results on Wednesday, February 18, 2009. A conference call will be held to discuss the earnings and review business operations on Wednesday, February 18, 2009 at 3:00pm UK Time.[More...]

Acergy S.A. Extraordinary General Meeting

Thu, 18 Dec 2008 13:56:00 GMT

LONDON -- -- 12/18/08 -- Acergy S.A. , advises that at the Extraordinary General Meeting of shareholders on December 18, 2008, resolution 1 was approved by shareholders, resolution 2 was not approved.[More...]

Acergy S.A. Awarded $250 Million Contract in Angola

Mon, 15 Dec 2008 08:45:00 GMT

LONDON -- -- 12/15/08 -- Acergy S.A. announced today the award from Angola LNG Limited of a contract for the development of the nearshore/onshore segment of the pipeline network required for the transportation of gas from Blocks 0, 14, 15, 17 and 18 to Angola LNG's plant in Soyo, Angola. Angola LNG Limited's shareholders are affiliates of Chevron, Sonangol, BP, Total and ENI.[More...]