And yet virtually NO options traded on LO as I check right now. There's big action on the front month 70 strike for RAI, but that's all so far. Seems very strange.
Hey notso, if the deal falls through are you looking to buy RAI or LO shares on a pullback?
I agree with the analyst. This is just fear and volatility kicking in with the news that a decision is very near now. If the merger does fall through, I expect RAI to recover fairly quickly from any drop, since BTI will likely make a move to eventually acquire the 60% of the company they don't already own. LO would take longer to recover, since the blu ecig sales is sputtering.
Never mind... I see what they're posting now.... The forexpros numbers are "Industrial production" vs what I was looking at was "Index of all industry production"
Industrial Production (YoY) (Feb) -4.7% -1.5% 1.7%
Industrial Production (MoM) (Feb) 2.6% 0.4% -3.8
Yeah I saw that but I it appears the site is posting numbers that don't match those straight from the Korea horse's mouth. The index numbers are all over 100 too (100=2010 reference). Also, I believe the way the lunar year lined up is different so Jan & Feb is tricky to compare anyway.
That's not what Statistics Korea report shows...
1. Production Trend
ㅇ The Index of all industry production in February increased by 2.5 percent from the previous month.
ㅇ The Index of all industry production in February increased by 0.8 percent from the same period of the previous year.
Maybe not. Spot nickel trading at $5.66/lb. I can only imagine where prices would be if Malaysia had not instituted the ban on ore exports. Brutal, simply brutal. At least LME stocks are not increasing. If prices keep dropping I may have to consider selling part of my NILSY holding... I can't see how low prices won't affect NILSY at some point
@@@@AAP MARCH 31, 2015 8:39AM NICKEL has hit its lowest price in nearly six years on worries over faltering demand for stainless steel and record inventories, while copper recovered part of Friday's loss of nearly two per cent. LONDON Metal Exchange (LME) nickel ended down 3.1 per cent at $US12,880 a tonne, extending Friday's 2.9 per cent fall. The metal used widely in the manufacture of stainless steel had earlier dropped to $US12,795 a tonne, its lowest level since May 2009. This was despite the LME announcing that it had withdrawn its proposal to stop issuing nickel warrants or ownership titles in Malaysia after government reassurances that its new tax reforms will not affect metal stored in the country. Investors had been worried that the new tax might push nickel out of Malaysian warehouses and on to the market, but continued to bet the metal lower even after the LME announcement. Malaysia stores about 210,000 tonnes of nickel, or almost half
of the LME's inventories, which the latest stocks report pegged at 435,048 tonnes - a record high.
"Everything is pointing to a very soft physical market in nickel as there are no supply-side problems or issues to help it," said Robin Bhar, analyst at Societe Generale in London. Demand for nickel pig iron in China did not pick up as strongly as expected after the Lunar New Year holidays, industry sources said last week, with stainless steel producers set for lower exports in the face of tariff barriers. "Until we see evidence of a sustained pick-up in Chinese industrial activity, we think there's very little upside," said Joel Crane, an analyst with Morgan Stanley in Melbourne
Suezmaxs sold at $60M per ship. I guess DRYS is just swimming in too much debt.
@@@@ATHENS, GREECE--(Marketwired - Mar 30, 2015) - DryShips Inc. (NASDAQ: DRYS) (the "Company" or "DryShips"), a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, announced today that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer, George Economou, to sell its four Suezmax tankers, Vilamoura, Lipari, Petalidi and Bordeira, for an en-bloc sales price of $245 million. In addition, it has entered into agreements with entities controlled by Mr. Economou to potentially sell its six Aframax tankers, Belmar, Calida, Alicante, Mareta, Saga and Daytona. The agreements to sell the Aframax fleet are not effective until the purchaser confirms his unconditional acceptance latest by June 30, 2015. Under the terms of the firm sales agreements on the four Suezmax tankers, the purchasers will pay upfront 20% to DryShips and the balance purchase price will be due on delivery which will be between July 1, 2015 and October 31, 2015, at the Company's option. Under the terms of the agreements on the six Aframax tankers, the purchasers could potentially acquire these tankers for an en-bloc sales price of $291 million, as long as they confirm their unconditional acceptance by June 30, 2015. Other than the sales price, all other material terms and conditions of this potential transaction mirror the terms and conditions on the sale of the four Suezmax tankers, including a 20% upfront payment to DryShips.
AYI hit a new 52wk high today. Stifel cites "favorable component cost conditions" as a plus for the firm.
@@@@@In a report published Monday, Stifel analyst Sven Eenmaa reiterated a Buy rating on Acuity Brands, Inc. (NYSE: AYI), and raised the price target from $185.00 to $188.00. In the report, Stifel noted, "Acuity is scheduled to report its February quarter (F2Q15) results on April 1 before the market open with a conference call at 10am (dial-in: 312-470-7172). We expect a solid quarter in a broadly favorable U.S. non-residential construction (ex-oil and gas) environment, which provides tailwinds for lighting spend and LED lighting adoption under favorable component cost conditions. While the tough February weather in the Northeast and Midwest could have potentially affected the timing of some of the work, it is unclear to us whether there is material impact on Acuity, which in any case will be temporary in our view. We see the current construction cycle momentum supporting our above consensus estimates for F2H15, and we are modestly raising our FY16/FY17 estimates that lead us to raise our target price from $185 to $188."
Yes you read that right... not oil futures, oil storage futures. Are there futures on pristine water yet?
@@@@As U.S. crude oil stockpiles soar, CME Group Inc. has come up with an innovative way for energy producers to reserve space in storage facilities. The ability to trade oil futures contracts has been around since 1983, but on Monday, the first ever oil-storage futures contract goes live. One contract bestows upon its holder the right, but not the obligation, to store 1,000 barrels of crude oil in caverns or above-ground tanks in Louisiana.
Do you think this company could be involved in a merger or buyout? Seems like there could be some synergies in such a move. CYT looks like it may be a good fit. Or maybe one of the materials and chemicals makers like DOW or MMM could use HXL to expand their automotive biz in addition to gaining a strong entry point into aerospace?
Do you think a merger between CYT and HXL makes sense? Seems like there could be some synergies there, and I'd expect there to be consolidation ahead in this area as the applications and demand for composites grows.
Maybe, but I suspect it's just the fear factor kicking in a bit now that we know the decision is very close now. If the FTC was really planning to issue a negative decision, I think they would have done so sooner as a basic courtesy to the companies involved, who are spending a lot of time and effort on the merger deal.
---- As to Time, Space and Locale please refer to the definition of Omnipotent As to the speed of pure energy, anywhere within the universe in the blink of an eye ----
Which universe do you prefer then? I believe M-Theory calls for 11 of them.
Quitting smoking, drugs, and alcohol are lifelong struggles for many. But it is well worth the effort too, and it does get easier to do each time you go through it.
whatzamatter... you never heard of commuting to work? you won't ever get a job with that kind of attitude... but something tells me you already know that. maybe you should get a job fishing... you sure do seem to like doing that.