Archive for the 'Insiders' Category
SEC moves to regulate bond rating firms
When things are going well, the government seems to leave well adequate alone. But, after credit ratings operations like S&P and Fitch missed the mark badly on their analysis of subprime financial instruments, the SEC may want a hand in how the firms function.
As the heart program being r…
E*Trade shares up on insider buying
Shares of E*Trade (NASDAQ: ETFC) are up more than 8% on news that insiders and directors have acquired $1.9 million worth of stock in recent days. But investors should be cautious.
The buying was in all probability coordinated to send a report to investors — and Wall Street is eating it up. …
Malone’s Liberty fights to oust Diller at IACI
What once presented to be a funny dust-up amidst a couple of older gentlemen has gotten nasty. John Malone’s Liberty Media (NASDAQ: LINTA) has enlarged held a controlling interest in IACI (NASDAQ: IACI), run by former Hollywood mogul Barry Diller. Diller has had the right to vote Liberty’s share…
Fund wants a board seats at New York Times — Why?
In an act of admirable futility, Harbinger Capital Partners has informed the New York Times Co. (NYSE: NYT) that it will appoint directors to fill the four slots that are chosen by the company’s public shareholders.
The other nine slots are chosen by the Ochs-Sulzberger family, which has effe…
Fund wants board seats at New York Times — Why?
In an act of admirable futility, Harbinger Capital Partners has informed the New York Times Co. (NYSE: NYT) that it will appoint directors to fill the four slots that are chosen by the company’s public shareholders.
The other nine slots are chosen by the Ochs-Sulzberger family, which has effe…
Countrywide options active before BAC buyout
Last week Bank of American (NYSE: BAC) bought Countrywide Financial (NYSE:CFC). The deal benefits Bank of America in that it gets a big chunk of the US mortgage market and a nice tax write-off, while Countrywide gets saved from a deep mortgage mess and pending liquidity crisis.
What is interesti…
What the Oscar Pistorius story teaches us about investing
In my day job as an analyst, I invent out moment and day again the conspiracy theorists, claiming that “the big guys” are out to get us, making it impossible to invent money in the market. While insider buying is a good divining stick when analyzing companies, the view that the institutions and …
Apple adds Avon’s Andrea Jung to board
Apple, Inc. (NASDAQ: AAPL) has wooed Avon Products, Inc. (NYSE: AVP) CEO Andrea Jung to its board of directors, giving the Apple board a count of eight members as of January 2008. At that point in day, that really does assemble sense for Apple and the decision is a great one. Here’s why.
Jung…
Ackman details plan for Target Corp. changes
When activist investor William Ackman comes to town and starts buying your shares, you can bet he’ll be hounding the board for changes soon. That’s the case with reduction retailer Target Corp. (NYSE: TGT), as Ackman now owns right under 10% of the retailer’s shares. What does he have in store? …
Sprint CEO Dan Hesse resigns from Nokia’s board
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Is MC Hammer the next Web 2.0 hotshot?
MC Hammer will probably always be remembered for his parachute pants, corny music videos (See below) and perhaps his most amazing accomplishment of all: turning a fortune of more than $30 million into a bankruptcy filing with his penchant for reckless spending.
But now Hammer is looking to re…
Management shake-up at Heelys on the way?
The resignation of a board member at once high-flying skate-shoe manufacturer Heelys (NASDAQ: HLYS) could be a harbinger of a managerial shake-up at the company.
On December 21st, Heelys filed an 8-K announcing that on December 17th, board member James Kindley had resigned in protest to a board r…
Insiders stock up on retail stocks — the final clearance?
With many retail stocks hitting multi-year lows and daily headlines about weak consumer spending, something is interesting is happening: The society who should know the most about these companies, the insiders, are buying their own stock at an unprecedented clip, reports Bloomberg.
Executives…
