Oh anti-trust, anti-trust, wherefore art thou anti-trust? Don’t get me wrong, I love T as an investment, we just made a play on them last week with their big, fat, 6% dividend. Now they are using debt to finance a $39Bn purchase of DT’s T-Mobile division as the German-based company is sick and tired of getting paid in worthless dollars, which add nothing to their Euro-based earnings. Although one may think regulators would actually wake up and say "Huh?" to this deal – AT&T was confident enough to put up a $3Bn breakup fee and you don’t do something like that unless you’ve already spent $300M buying all the votes you need ahead of time.
"AT&T anticipates regulators will require it to divest wireless spectrum and subscribers as a condition for approval," said a person with knowledge of the situation. These things are all worked out long before they are announced but let’s hear it from the little guy anyway: "The combination of the second-largest wireless carrier with the fourth-largest is ‘unthinkable’,” Gigi Sohn, president of Public Knowledge, a Washington-based advocacy group, said in a statement. “We know the results of arrangements like this — higher prices, fewer choices, less innovation.” Isn’t he cute?
In addition to surpassing Verizon Wireless, AT&T could leave Sprint Nextel Corp. (S) as a far weaker No. 3 player in the industry, said Rebecca Arbogast, an analyst for Stifel Nicolaus & Co. in Washington. “AT&T was broken up and now it’s back with a vengeance,” said Bert Foer, president of the American Antitrust Institute, a Washington-based non-profit researcher that challenges what it sees as abuses of concentrated economic power. “We have to decide if we’re happy with the idea of going back to monopolistic treatment of the telecom industry. AT&T has come back to monopolistic power just like the Terminator.”
Is T calling a bottom to the dollar? Probably. You don’t spend $39Bn to buy a 40% market share in a country with declining revenues. T is also calling a bottom to lending rates and probably making a bet on inflation as well – all in all, pretty much exactly what we’re playing the market for so, from a T shareholder perspective – I love this acquisition. Nothing makes money like a monopoly (just ask Carlos Slim) and, as Steve Colbert illustrates above, AT&T has…
The Telegraph reported over the weekend that Gaddafi apparently made good on his threats to trigger a civil war, using irregular forces largely composed of hired mercenaries to launch a counterattack against protesters. “Anywhere we go there is danger,” said one woman, a 28-year-old mother of four who asked not to be named. “All we want is food and fresh water for our children but it is impossible to find. Security is the only concern of the authorities.”
An accurate report of the death toll is impossible to obtain at this time, but on Wednesday, Italy’s Foreign Minister, Franco Frattini said, “We believe that the estimates of about 1,000 are credible.” The situation in Libya has deteriorated since then. Multiple stories coming in from all over the country have cited dozens to hundreds of casualties in each city. It appears that Libya has slipped into the abyss of complete social breakdown and civil war.
A frame grab from Libyan state television broadcast on February 24, 2011 shows burnt cars in Tripoli, Libya.
AFP / Getty Images
When Rahma started her conversation over the phone, she said the shooting outside her home, in the streets of Tripoli, had calmed. It had been a terrible Friday. "After prayers, around 6,000 people gathered to denounce the regime, and soon after that, soldiers opened fire and killed two people," said the 21-year old woman, an employee for an oil company. But, 20 minutes after we began talking, she suddenly says, "I’m hearing shots again — a lot of them now. It’s getting worse" The terrible day was not yet over.
As more and more cities joined the ranks of "Free Libya," Tripoli is increasingly the theater for what looks to be Muammar Gaddafi’s last stand. Almost on cue, anti-regime forces, reportedly bearing arms taken from arsenals and swelled by the ranks of defecting soldiers, are bringing the battle to the capital from the so-called liberated zones. And for their part, thousands of residents of the capital took to the streets today, following Friday prayers, in a procession that kept on growing in size as it headed for Tripoli’s central plaza, Green Square. The regime’s troops responded by opening fire.
Rahma tells TIME she was out among the crowds earlier on Friday, but had been inside at home after hearing from family members elsewhere in the city that troops had shot unarmed marchers. At mid-afternoon, people she knew at the march told her that their numbers had grown to around 10,000 people. "The nearer to Green Square they get, the more people come out to join them," she says. "The soldiers are shooting more to reverse that, but it isn’t working. The soldiers may shoot people, but more citizens will come to replace them."
Like most other Libyans, Rahma has relied on cell phone communication to get updates on events, though not all information is easy to vet. "It’s very difficult to confirm everything you hear, and there are…
The one country landlocked between Tunisia and Egypt has so far been oddly silent. Not so much any more. Al Jazeera reports that the Libyan government has imposed a state of emergency for "fear of demonstrations and rallies" comparable to those in Tunisia and Egypt. And ranked 17 in the world for oil production (and 9th in proven reserves), this is one that crude HFT algos may want to keep an eye on.
Libyan sources familiar with the island revealed that a state of alert security prevail in the east of the Libyan cities, confirmed that elements of the police and support central and distributed to all government buildings.
The sources said that the Libyan government imposed a state of emergency and security alert since the outbreak of the revolution, Tunisia, for fear of demonstrations and rallies similar in Libyan cities.
The sources of the existence of orders to stop any gathering, whether in government or outside.
Under these instructions – Sources confirm – The Libyan government later abolished the league matches of Libyan Football Association which was to be organized during the month.
In conjunction with the ongoing events in neighboring Egypt, the forces imposed from the central support and the police since yesterday evening checkpoints in several major regions in both the white and Benghazi and Derna and Tobruk.
These enhancements come at a time when Libya is following with interest the Libyan street events taking place in Egypt over the satellite news channels deployed in all the cafes and shops in cities of Libya.
He said the Libyans before the popular revolution that swept cities in Tunisia and has succeeded in toppling President Zine El Abidine Ben Ali, after 23 years of rule.
It is feared the Libyan regime of infection along the Tunisian and Egyptian into Libya, especially in light of similar conditions and problems such as poor living conditions and the absence of freedoms
This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible. Feel free to contact me directly at email@example.com with any questions.
Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts. After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.) Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.
Investing in the stock market can be quite stressful, especially during periods of volatility…but investing doesn’t have to be nerve-racking. Investing legend T. Rowe price captured the beneficial sentiments of growth investing beautifully when he stated the following:
“The growth stock theory of investing requires patience, but is less stressful than trading, generally has less risk, and reduces brokerage commissions and income taxes.”
What I’ve learned over my investing career is that fretting over such things as downgrades, management changes, macroeconomic data, earnings misses, geopolitical h...
James Risen is not just a phenomenal reporter, he is also an extremely courageous and honorable American patriot. His case is a very disturbing one, and it has justifiably received a great deal of national attention. In a nutshell, the Obama Administration is threatening the pulitzer prize winning journalist with prison unless he reveals the source behind one of his stories. This is something no journalist worth his salt would ever do, but the fact our own government would reso...
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Note: I’ve updated my periodic look at the Consumer Price Index (CPI) versus the Big Mac Index to coincide with The Economist’s bi-annual update of the Big Mac Index used for currency values and the most recent CPI for August 2014.
What are we to believe? The change in the price of the Big Mac says one thing while the Bureau of Labor Statistics is telling us another.
On Tuesday, August 19, the Consumer Price Index (CPI) was released by the Bureau of Labor Statistics, stating that “Over the last 12 months, all the items in the index increased 2.0 percent before seasonal adjustment.”
It’s an ugly day for investors in Elizabeth Arden, with shares in the name losing roughly one-quarter of its value overnight after the retailer of beauty products and fragrances reported a wider than expected loss and sales that were lower than analysts anticipated. Shares in the name are down more than 23% in the final hour of trading to stand at $14.95.
On Friday of last week we wrote a short note about put option activity on the stock...
As many investors enjoy the final weeks of summer, some optimistic bulls seem to be positioning themselves well ahead of Labor Day in anticipation of a fall rally. Indeed, last week’s action was impressive. After only a mere 4% correction, investors continued to brush off the disturbing violence both at home and abroad, and they took the minor pullback as their next buying opportunity. But was that really all the pullback we’re going to get this year? I doubt it. But I also believe that nothing short of a major Black Swan event can send this market into a deep correction.
In this weekly update, I give my view of the current market environment, offer a technical analysis of the S&P 500 chart, review our weekly fundamentals-based SectorCast rankings of the ten U.S. business sectors, and then ...
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Author Helen Davis Chaitman is a nationally recognized litigator with a diverse trial practice in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. In 1995, Ms. Chaitman was named one of the nation's top ten litigators by the National Law Journal for a jury verdict she obtained in an accountants' malpractice case. Ms. Chaitman is the author of The Law of Lender Liability (Warren, Gorham & Lamont 1990)... Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC (more here).
Reminder: Pharmboy is available to chat with Members, comments are found below each post.
Well PSW Subscribers....I am still here, barely. From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.
First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices. Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment. Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer. For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...
I just wanted to be sure you saw this. There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.
If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.
Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.
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