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OM Group (NYSE:OMG): Downgraded To Underweight By KeyBanc

Wed, 17 Dec 2008 12:44:00 GMT

Keybanc is out with a yet another major Specialty Chemicals call downgrading OM Group (NYSE:OMG) to Underweight from Hold with a $15 price tgt. Firm notes that during 4Q08, cobalt prices moved from $29/lb in October to $16/lb in November to about $11/lb in December, making the 4Q08 average price $17/lb. They had previously based their 4Q08 EPS estimate of $0.28 on cobalt at $23/lb. Given the precipitous drop, they now estimate 4Q08 EPS for OM Group at a loss of $0.18, bringing revised 2008 EPS estimate to $4.60. Prior 2008 EPS estimate was $5.05 Using a cobalt price of $11/lb (vs. $21/lb previously) for 2009, Keybanc's EPS estimate is cut from $2.50 to $0.80. They again caution that cobalt prices are highly volatile with swings that can be large[More...]

The Boat Is Listing

Fri, 14 Nov 2008 17:57:00 GMT

Contrarians tell us that when everybody piles on to one side of a trade it is time to go the other way. The "boat" of the market listed way to the bearish side yesterday morning and it was no wonder - the news was absolutely horrible. Intel troubles, GM failing, economy faltering, credit crisis, bailouts, housing crisis, worse than expected retail sales, worse than expected job losses, and on and on. Stocks undercut their October lows and it looked like the bottom had fallen out. Yet in the early afternoon things suddenly turned around. Off the races! Was it short covering? A rebound after running stops? Look at this screen capture from MarketWatch.com from this morning's newsletter. You'll prbably have to click it to read the little headlines. [More...]

Interpreting Yesterday's Rally

Fri, 14 Nov 2008 14:00:00 GMT

So I am sitting there, and the market's down around 4%. The S&P had breached the October lows, and I'm loaded with short positions, including a pretty large position in the ultrashort EEV. Then it suddenly occurs to me, everybody's watching this level, including the government. And they have hundred of billions of dollars to buy stocks! I started thinking, if I'm Hank Paulson, I'd be buying hand over fist now to protect the low, maybe put a floor under this market. So I covered a bunch of positions, although unfortunately too few, and what had been a magnificently profitable day turned into something quite mundane. That was some gut-wrenching, exhausting action. So call me a tin-hat conspiracy guy, but I think we would still be dropping if it weren't for the plunge-protection team. All the same, I will respect the rally, since it is exactly what I was looking for in order to move to a bullish orientation. I do not think we have seen the end of the bear[More...]

OM Group: Volatile Earnings Record

Tue, 09 Sep 2008 19:24:00 GMT

The recent rout of commodity stocks has uncovered some real gems for investors to consider, such as Cleveland-based OM Group, Inc. (OMG), which Ockham Research rates a Strong Buy at present. OM Group produces hundreds of metal-based specialty chemicals an[More...]

Existing Shorts and Exit Plans

Wed, 09 Jul 2008 19:40:00 GMT

Too bad I didn't choose to sell half of my positions in ICE and LVS rather than sell them altogether. Much like I did with CMG. I am still holding puts in WYNN and will roll into some August contracts when the stock closes below $78.[More...]

H&R Block

Mon, 30 Jun 2008 16:16:15 GMT

Instead of celebrating greatness this morning over a pile of victories, I am watching the e-mails stack up in regards to the debacle over H&R Block. Stop it.[More...]

The Correlation Game

Fri, 25 Apr 2008 20:29:15 GMT

A fun game on a slow Friday afternoon: take the front page headline on Yahoo Finance, and perform some desirable action if the headline makes a dubious assumption about causation. Move to the next headline, and repeat. We were going to suggest this as a[More...]

Get a Grip on Debt

Tue, 01 Sep 2009 13:52:00 GMT

The following editorial appeared in the Philadelphia Inquirer on Monday, Aug. 31:
President Obama needs to stop blaming his predecessor for the country's ballooning debt and start figuring out what to do about it.
And Obama did inherit lots of red ink from the government bailouts that Bush initiated last year during the depths of the recession.

: iStockAnalyst.com Symbols Feed

OM Group (NYSE:OMG): Downgraded To Underweight By KeyBanc

The Boat Is Listing

Interpreting Yesterday's Rally

OM Group: Volatile Earnings Record

Existing Shorts and Exit Plans

H&R Block

The Correlation Game

Get a Grip on Debt

EDITORIAL: Get a Grip on Debt

Back-To-School Savings: School Supplies

Google, Guardian Lead April Fools' Prankster Pack

Energy Focus, Inc. Names Entrepreneur R. Louis Schneeberger to Its Board of Directors

OM Group Announces 2009 Second-Quarter, Six-Month Results

OM Group To Issue 2009 Second Quarter Results on August 6, 2009

Groupe OPMEDIC Inc. augmente son benefice net de 16 % et declare un dividende sur actions ordinaires

OPMEDIC GROUP Inc. Announces 16% net earnings growth and declares a dividend on common shares

OM Group Announces Results for 2009 First Quarter

OM Group to Issue 2009 First Quarter Results on May 7, 2009

OPMEDIC GROUP Inc. announces revenue and earnings growth and a dividend

OM Group Announces Results for 2008 Fourth Quarter, Full Year

OPMEDIC GROUP Inc. announces its first dividend

Form 4 OM GROUP INC For: Oct 19 Filed by: Ulsh Gordon A (10K)

Form 4 OM GROUP INC For: Oct 19 Filed by: REIDY WILLIAM J (10K)

Form 4 OM GROUP INC For: Oct 19 Filed by: PUGH DAVID L (10K)

Form 4 OM GROUP INC For: Oct 19 Filed by: PLOURDE KATHARINE (10K)

Form 4 OM GROUP INC For: Oct 19 Filed by: DEMETRIOU STEVEN J (10K)

Form 4 OM GROUP INC For: Oct 19 Filed by: BLACKBURN RICHARD W (10K)

Form 4 Ulsh Gordon A For: Jul 20 (10K)

Form 4 REIDY WILLIAM J For: Jul 20 (10K)

Form 4 PLOURDE KATHARINE For: Jul 20 (10K)

Form 4 PUGH DAVID L For: Jul 20 (10K)