They`ve had months to get ready, but instead they kept shorting more. Now they have over 100 million shares short to get covered. Short squeeze of all time!
Walgreen’s (NYSE:WAG) contract with Medco will be honored, regardless of the company’s dispute with Express.
Any comments on whether it is priced in that WAG would not be able to continue Medco contract?
My broker tells me the official close today was 27.98....not 27.93.
Bad feed from on demand quote system is the cause & should be corrected by tomorrow.
Below is a link to my local paper in Alcoa TN. It discusses the upcoming negotiations.
Also ALCOA has a site to follow the updates which is linked below.
Aluminum closed @ 1.11 / Lb.
Well above the .94 / Lb. JP Morgan says he is expecting.
Do you really think you are scaring people into selling by your multiple postings?
You are wasting your delusional time.
The site I follow shows the same ...Aluminum closing today at 1.0975/Lb.
What was the price JP Morgan calculated for this Q......was it .94/Lb?
International Paper Says Pulp Demand to Grow, Fueled by China
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By Maria Kolesnikova
July 7 (Bloomberg) -- International Paper Co., the largest U.S. maker of cardboard shipping boxes, expects a “modest” increase in pulp demand this year as Chinese orders make up for declines in most other markets, Chief Executive Officer John Faraci said.
“Most of the growth is being driven by demand in China,” Faraci said in an interview in Moscow today. The growth will be in the “single digit” percentage range, he said.
Exports to China from International Paper’s joint venture with Russia’s Ilim Group have bounced back after a first quarter that was “the worst for our business,” Faraci said. The joint company gets about 60 percent of its sales from China. Pulp prices remain at about two thirds of the last year’s levels, while stockpiles are falling from their peak in the first quarter, he said.
“The challenge for the pulp industry for the next five years is how to manage supply and demand so that there aren’t imbalances,” that lead to price declines, he said.
Faraci has curtailed International Paper’s production to help support prices after demand for office paper and cardboard plunged. Prices have fallen faster than costs, he said.
International Paper remains focused on maintaining liquidity rather than starting new projects, Faraci said.
“It’s still time to be cautious over how quickly global economies are going to improve,” he said. “So you don’t want to be out adding capacity that you don’t need.”
International Paper’s investment in Russian pulp-and-paper producer Ilim creates a “quite promising” platform for the future, though this year will be “challenging” for the venture, he said.
International Paper paid $620 million for half of Switzerland-based parent company Ilim Holding SA in 2007 to create the biggest joint venture in Russia’s forestry industry. The company will seek to expand in emerging markets, he said.
“Russia, India, China and Brazil are all growing markets for the products that we make,” Faraci said.
To contact the reporters on this story: Maria Kolesnikova in Moscow at firstname.lastname@example.org,
Last Updated: July 7, 2009 11:59 EDT
Any opinions on when IP will increase the dividend?
Seems to me, with the alternative fuel windfall, that they can easily increase the dividend this Q to where it was at .25 per Qtr.
Quadruple option expiration is tomorrow. Take a look at where the Max Pain figure is on IP & decide for yourself why it was downgraded.
(Max Pain is at 11.00 if you don`t know where to find it)
Alcoa resisting going lower as Indicies continue to drop.
Only news I see is the shares held by Lehman were transfered today & new tooling for Honda is a great success.
Personally I think negative has some valid points.
The costs involved in this option scandle will chip away at earnings for some time to come. I have no idea how much it will cut into earnings but it seems to me that it is a problem.
Don`t forget to deduct from the 350M cash all the millions in legal & other costs involved in dealing with:
1) Internal probe into options.
2) NASDAQ de-list Hearings.
3) Re-stating earnings.
4) Dealing with US attorneys & their subpoenas.
5) SEC fines.
6) Class action Hearings.
7) Pay off class action suits.
I have also been trying to find more info on this deal; with little success. Some info I am seeking.
1) What are the terms of the deal? Doesn`t AMCC have a duty to report to stockholders? If a cash deal: how much will it increase EPS.
2) Is Aftek Infosys the same company as Infosys NASDAQ (INFS)?
3) Is this deal a start of a major move in the future? Is AMCC aligning itself to be in the mix of a new system package?
It would be nice to have an intelligent discussion on this board but from all the past posts here, I don`t give it much chace.
I have been reading about all these companies & it sounds like this is going to be a much bigger deal than what it appears to be on the surface.
Now you`re pissing me off because you`re making me defend Cramer! LOL
Actually AMCC was in the process of dropping back below 3.00 when Cramer first said buy.
It was his rantings that turned it back up & it hit 4.30 after several days.
I checked with my broker to make sure but they confirmed: there are no rules for S&P funds - they can sell before or after the change date - it`s up to the managers to do it.