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Notable Bankruptcies Of 2009: Q3

Mon, 05 Oct 2009 13:01:00 GMT

Notable Bankruptcies Of 2009: Q2

Thu, 02 Jul 2009 16:29:00 GMT

In January I predicted (see Notable Bankruptcies of 2009: Q1) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009. According to Bankruptcydata.com, there have been 156 “major” filings thus far in 2009. Assuming that bankruptcies are equally distributed throughout the year, this puts us on pace for 312 bankruptcies. That is tracking well shy of my prediction. In fact, bankruptcies were down significantly from Q1 to Q2, as there were 90 bankruptcies in the first quarter but only 66 in the second. That stylized fact begs the question: Is that a “green shoot”[More...]

The 'Hail Mary' School Of Investing

Wed, 24 Jun 2009 14:24:43 GMT

I have been asked several times in the last six to nine months about investing in some down and out company (Citigroup, GM, Nortel) on the thinking of “what’s the worst thing that happens? I lose a few pennies/dollars a share. If the company turns around, I can double or triple my investment!” What scares me is that half the people who ask me this question are deadly serious. I tend to think of this type of stock investing as being in the hail mary school of thinking- named after the hail mary pass in football where you heave the football into the end-zone in some low percentage, high reward play made in desperation. It is, in many respect, the flip side of penny stock investing. Put your money in a business who’s salad days are in the rear view mirror in the hopes that there is still enough goodwill in the market to effect a turnaround with smart management. Think of Apple. Nissan. Puma. But is this an effective[More...]

Notable Bankruptcies Of 2009: Q1

Wed, 01 Apr 2009 20:19:00 GMT

In January I predicted (see Notable Bankruptcies of 2008) that “major” bankruptcies in 2009 would challenge the 383 mark set in 2001 (the high-water mark after the dotcom bubble). I even suggested that it was possible that we could exceed 400 “major” bankruptcies in 2009. According to Bankruptcydata.com, there have been 90 “major” filings thus far in 2009. Assuming that bankruptcies are equally distributed throughout the year, this puts us on pace for 360 bankruptcies. I fully expect the filing pace to quicken as the year goes on, and as the economy continues to deteriorate. Below you can find an updated list of what I see as the “noteworthy” bankruptcies of 2009, as reported by [More...]

Nortel's Dilemma: To Sell Or Not To Sell

Thu, 12 Mar 2009 16:19:54 GMT

Credit crunch and deepening global recession have led to a wave of bankruptcies across countries and sectors. Ailing telecom equipment maker Nortel Networks Corp,[More...]

Wednesday’s Market Recap (2/25/2009)

Wed, 25 Feb 2009 23:19:00 GMT

Reacting on undesirable news on the further weaking housing market as well as the start of the government’s tests to gauge their ability to withstand a long and deep recession lowered the market as a whole. The Dow Jones Industrial Average fell -1.09% to a close of 7,270.89 while the Nasdaq and S&P fell -1.14% and -1.07% respectively to closes of 1,425.43 and 764.90. Crude oil was boosted on the day rising $2.48 to a close of $42.44 while gold lost $-17.30 to a close of $952.20. Sales of previously owned U.S. homes plunged much more than expected January, pulling home builders down 2.1 percent. The drop in gasoline inventories came in data from the U.S. Energy Information Administration that also showed a 1.7 percent rise in demand for the fuel over the four weeks ending February[More...]

Could Tax Problems Trip up the Confirmation of the Best Candidate for Treasury Secretary?

Mon, 19 Jan 2009 14:26:00 GMT

By William Patalon III Executive Editor Money Morning/Money Map Report After a two-day “holiday” to start the week–Martin Luther King Day today (Monday) and... Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. Money moves markets. But Money Morning lets you move first. [More...]

Bank of America Befriends a Bear

Thu, 15 Jan 2009 21:02:00 GMT

Bank of America Befriends a Bear Today, Bank of America (NYSE: BAC) announced it could need another dose of government capital to shore up its Merrill Lynch acquisition. Additionally, JPMorgan (NYSE: JPM) just announced it would write down profits by 76% on asset writedowns. Nortel Networks (TSE: NT) just threw in the towel as[More...]

Satyam Update: No Government Bailout

Thu, 15 Jan 2009 17:14:00 GMT

In this blog post, cited are Satyam Computer Services, Ltd. (SAY), Wipro (WIT), Infosys (INFY) and Nortel Networks Corp. (NT). In another blow to the struggling and beleaguered Satyam Computer Services, Ltd. (SAY), the Indian government announced earlier today that it would not step up to help Satyam with any financial assistance. We had indicated in our previous post that possibility exists for a government bailout, although there was no precedence in the Indian[More...]

Nortel Files for Bankruptcy

Wed, 14 Jan 2009 16:52:00 GMT

Ah Nortel (NT) - those of you who were around in the late 90s know this name well.... JDS Uniphase (JDSU) and Nortel (NT) - the dominant powers of the next decade! Oh yeh, Lucent too ... For those not familiar with that era JDSU used to be the Potash of it's day... or Google in fact. Nortel was the back up name in the sector. In a completely anecdotal story, I was looking through my watch lists to expunge some old names this weekend (i.e. Merrill Lynch, Bear Stearns) and I happened upon Nortel. I expunged her as well... Canadian readers will know this name very well. Telecommunications equipment maker Nortel Networks Corp. filed for bankruptcy protection in Canada and the U.S. on Wednesday, becoming the first major technology company to take that step in this global downturn.Facing a sharp drop[More...]

Triangle jobless rate at 8.9%

Wed, 02 Dec 2009 09:50:00 GMT

Dec. 2--The Triangle's jobless rate stayed flat at 8.9 percent in October, as this region remains relatively healthy compared to the state and nation.
The latest local data were released Tuesday morning by the N.C. Employment Security Commission and adjusted for seasonal effects by Wells Fargo Securities economists in Charlotte.
The revised data provide a more statistically valid measure of local unemployment.

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Notable Bankruptcies Of 2009: Q3

Notable Bankruptcies Of 2009: Q2

The 'Hail Mary' School Of Investing

Notable Bankruptcies Of 2009: Q1

Nortel's Dilemma: To Sell Or Not To Sell

Wednesday’s Market Recap (2/25/2009)

Could Tax Problems Trip up the Confirmation of the Best Candidate for Treasury Secretary?

Bank of America Befriends a Bear

Satyam Update: No Government Bailout

Nortel Files for Bankruptcy

Triangle jobless rate at 8.9%

Ciena to buy Nortel assets, double in size: Purchase of Nortel assets will make it North America's largest fiber-optic networking gear provider

Ciena Corp. wins bid for Nortel assets in bankruptcy auction

Smoother sailing across strait

EDITORIAL: North Tonawanda can't raise water rates

Windows 7 Uncertain Big Bet for Microsoft

Hopes High for Ciena After Bid for Nortel Assets: But Some Analysts Think Linthicum Firm Will Lose Out in Auction

Area Unemployment Steady

Rival Holds Nortel Workers' Future: Avaya Offers $475 Million for Nortel Unit; the Outcome Will Affect Hundreds in Triangle.

CPF Expands Taiwanese Operations: Group Backs Off From Indonesian Dispute

TSX Changes in Stock List - Nortel Networks Corporation (NT)

Investment Industry Regulatory Organization of Canada - Trading Halt - Nortel - NT

TSX Delisting Review - Suspended - Nortel Networks Corporation (NT)

Radware Enters into Agreement to Acquire Nortel's Layer 4-7 Application Delivery Business

Stock Preacher Issues Technical Trade Alerts on: AMZN, GE, JPM, NT, INTC

Nortel, Kapsch CarrierCom Extend Mobile Broadband Services for mobilkom austria

Nortel Obtains Approvals From U.S. Court

TSX Delisting Review - Nortel Networks Corporation (NT)

Bookham Comments on Nortel Bankruptcy Protection Announcement

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