| Four Shippers Emerging from the Mire Andy Wang submits: By SkymistAfter a thrilling two-week rally in the stock market during early September, shippers began to fall. They had been enjoying a nice rally on the general premise of economic recovery, market stabilization, and rising materials prices. But suddenly on September 17th, the shipper sector broke, and leading names fell - plummeted, actually, at a much faster rate than the modest pullback in the general market would have implied.Complete Story » seekingalpha.com |
Buffett’s Plans for Burlington Northern May Involve Rapid Expansion Ravi Nagarajan submits:Over the past week, Warren Buffett has commented on the valuation of Berkshire Hathaway (BRK.A) shares and the logic behind issuing shares as currency to pay for part of the Burlington Northern (BNI) acquisition. Mr. Buffett’s statements have helped to answer many of the questions we raised in December. The question now is whether the price tag will be justified when we look back at this deal in five to ten years. “Crazy Deal” or “Heck of an Investment”? Complete Story » seekingalpha.com |
Bears Hoping to Ground Textron optionMONSTER submits: By David Russell The bears are gunning for Textron (TXT) today after the aerospace conglomerate failed to break above $23.Complete Story » seekingalpha.com |
Just One Stock: Steering Toward Growth in China's Expanding Auto Industry Holly Thompson submits: Several times a week, Seeking Alpha's Jason Aycock asks money managers about their single highest-conviction position - what they would own (or short) if they could choose just one stock or ETF. Holly Thompson, a 22-year veteran of the financial industry, is the founder of Thompson Wealth Management, a Brazoria, Texas-based independent fee-only financial advisory firm serving the Gulf Coast area. If you could only hold one stock position in your portfolio (long or short), what would it be? Complete Story » seekingalpha.com |
Estimated Range for GM IPO: $55 to $65 Gerry Sullivan submits: I have studied the GM prospectus and come to the conclusion that the a very preliminary estimate for the IPO is a range of $55-65 per share. I further estimate that the offering will be 270 million shares. At the midpoint that is an offering of $16.2 billion. GM will also sell an undisclosed amount of preferred stock. The proceeds of the preferred sale will go to the company.At the midpoint of $60, the total market cap of GM would be $30 billion. GM will have 500 million shares outstanding. For comparison, the market cap of Ford (F) is around $40 billion. Of course, Ford didn't go bankrupt.Complete Story » seekingalpha.com |