Yeah poor NKE no one wants their stuff any more....duh
@@@@Nike sold $80 million of a single style of Air Jordan shoes during a roughly three-hour period on Dec. 20, according to new data from SportScanInfo. The Air Jordan XI "Legend Blue" released that morning. It was quickly sold out through Nike's website and at numerous retail stores. The shoe is a retro version of a shoe that originally released in 1995. Nike sold 342,015 pairs at major retailers at an average price of $179.80, according to SportScanInfo. It sold an additional 137,751 pairs in kids sizes at an average price of $142.24.
Where will the money to pay it come from when the subsidiary declares bk? What a joke.
@@@@Cliffs Natural Resources Inc. is feeling more pain from its foray into Canada. As the Cleveland-based company pulls up stakes at its money-losing Bloom Lake iron ore mine in northeastern Quebec after investing billions in what its chief executive dubbed a “disaster,” the company’s subsidiary has been hit with a record $7.5-million fine for environmental infractions at the site.
Close so far but no cigar. If it does close above 46.47, next up is either a run at 50 then soar on to 70+ in a frenzied bull market or fizzle out and do a quick retrace back to 38.
Not even Morningstar directly addresses the pending JCP&L rate case decision but they do at least mention regulatory decisions as a risk in their report on the Ohio settlement news out a couple of days ago..
@@@@FirstEnergy Refocuses on Regulated Operations Several years of depressed power prices have challenged its deregulated businesses. By Charles Fishman, CFA | 12-26-14 | 06:00 AM | Email Article
Our fair value estimate for FirstEnergy (FE) is unchanged following the company's filing of a settlement agreement with the Public Utilities Commission of Ohio for the Powering Ohio's Progress plan originally proposed in August. The proposed settlement has 15 signatories, including the city of Akron, Ohio Energy Group, business groups, and universities. Changes from the original proposal included $23 million in economic development and energy efficiency grants and $7 million to help low-income customers pay their electric bills. The agreement does not change our narrow Morningstar Economic Moat Rating.Regulatory Decisions and Power Prices Hold Risk FirstEnergy's 10 regulated utilities and FERC-regulated transmission business have experienced, for the most part, constructive regulatory decisions. However, because of the depressed earnings contribution from the unregulated competitive energy services segment, regulated businesses now represent more than 90% of consolidated earnings, and an adverse decision from regulators would negatively affect earnings and cash flow. Unconstructive regulatory decisions are more likely in a period of rising electricity rates, an event that would probably occur with increasing natural gas prices and coal plant retirements.
Here's my take since I don't have a lot of trust in analysts
Positives: Higher PJM auction rates in 2015-16, a growing economy, push towards regulated transmission
Negatives: Interest rates set to increase, likely negative ruling on JCP&L rate case, EPA push to reduce coal generation
Funny how there's no mention of the JCP&L rate case a judge is supposed to rule on by Dec 29 huh...
@@@@@NEW YORK (TheStreet) -- Jefferies raised its price target today for the Ohio-based diversified energy company FirstEnergy Corp. (FE) to $47 from $45 and maintained its "buy" rating. "We find FE shares to be attractive, trading at a P/E discount to our utility group average multiple," Jefferies said. The firm also increased its 2015 EPS estimate by 10 cents to $2.85 to reflect assumed rate relief in Pennsylvania.
Still the acquirer I see. Two companies in two days... Fast and Furious indeed
@@The Middleby Corporation (MIDD) today announced the acquisition of Desmon Food Service Equipment Company (Desmon). The company is based in Nusco, Italy and has annual revenues of approximately $15 million USD. A leader in chilling and freezing technologies, Desmon products include blast chillers and refrigeration for the commercial kitchen. The company’s products are known for their advanced insulation technology and energy efficiency.
@@The Middleby Corporation (MIDD) today announced it will acquire Goldstein Eswood, a leading commercial equipment manufacturer based in New South Wales, Australia. Goldstein Eswood has annual revenues of approximately $25 million USD. The Goldstein and Eswood brands are well established in the Australian and New Zealand markets and featured in many top restaurants. Goldstein manufactures a broad line of commercial cooking equipment including ranges, ovens, griddles, fryers and warming equipment. Eswood is a leading manufacturer of dishwashing equipment for the commercial kitchen.
Well, what a surprise (not). The Philippines is actually going to ramp ore exports not ban them. But their low-grade ore will not replace Indonesia's exports, and the good news is nickel will almost certainly still enter into a supply deficit in the coming months. 2015 will be very interesting indeed.
@@@@Michael Defensor is racing to mine and ship nickel from projects across the Philippines to plug the gap in global supplies left by Indonesia’s ore-export curbs. “Indonesia’s ban affected us positively,” said Defensor, chairman of Pax Libera Mining Inc. and the nation’s environment secretary from 2004 to 2006. He’s preparing four new sites for next year after opening two in the past two years. “We will maximize this window and ship as much as we can.”Citigroup Inc. says it’s still bullish on nickel because the country won’t be able to expand supply much more and a global shortage will emerge. “Everyone will try to max out their permit,” said Ramon Adviento, a mining analyst at Maybank ATR Kim Eng Securities in Manila. “The low-hanging fruit has already been harvested even before the ban, so there is probability that the Philippines won’t meet the gap” left by Indonesia, he said. While ore exports from the Philippines to China rose 24 percent to 31.2 million tons in the first 10 months, some of that came from stockpiles, Citigroup analysts wrote in a Dec. 1 report. Volumes probably won’t expand much in 2015 even with more mining, they said. Ore from the Philippines typically has less nickel content than from Indonesia, which was the world’s largest mined producer before the ban. The global market will swing to a deficit of 62,400 tons in 2015 from a 25,100-ton surplus in 2014, according to Citigroup, which expects prices to average $21,625 next year and $25,250 in 2016. Goldman Sachs Group Inc. has a 2015 forecast of $17,500, rising to $20,000 in 2016, and Morgan Stanley listed nickel this month as its top metals pick for 2015.
for downgrading their sovereign debt ratings.
@@@@@Investors routinely ignore ratings companies’ decisions. In almost half the instances, yields on government bonds fall when a rating action by Moody’s and S&P suggests they should climb, or they increase even as a change signals a decline, according to data compiled in 2012 by Bloomberg on 314 upgrades, downgrades and outlook changes going back as far as the 1970s. When S&P downgraded the U.S. government in August 2011, bonds rose and pushed Treasury yields down to records.
Hey Loony, maybe your Christmas wish will come true after all. Not this year mind you, but by end of days in 2015. Ho Ho Ho... or perhaps Ha Ha Ha more appropriate. Too bad there no leaps puts available on AIXG. That would be too easy huh...
@@@@China's State Council (central government) has ordered its subordinate agencies and local governments to stop offering subsidies and tax incentives for China-based LED epitaxial wafer and chip makers because such offering has disrupted market mechanisms and may violate WTO rules, leading to international trade disputes, according to LED industry sources in Taiwan. Government subsidies and tax incentives have led to China-based LED wafer and chip makers' large-scale expansion of production capacities, resulting in overcapacity and consequently aggravating price-cut competition, the sources said. China-based San'an Optoelectronics, Xiamen Changelight and HC SemiTek are the three largest recipients of government subsidies, the sources indicated. For example, Xiamen City Government has offered a subsidy of CNY1 billion (US$163 million) plus orders worth CNY3 billion for San'an and thus the company has planned to invest CNY10 billion to add 200 MOCVD sets, the sources said. San'an has placed an order for 50 MOCVD sets with US-based Veeco Instruments and another 50 sets with Germany-based Aixtron SE, the sources noted. The termination of government subsidies and tax incentives is expected to curb capacity expansion by China-based makers and consequently supply and demand of LED chips may return to balance in 2015, the sources indicated.