ValueWalk Premium – Page 1746 – Everything hedge funds and value investing – Exclusive content for ValueWalk subscribers

Goldman Sachs PR Man Retires, Joins Recent List of Departures

On Wednesday, Goldman Sachs announced that its top public relations executive, Lucas van Praag, will retire from the firm in March. Goldman's chief executive and chairman, Lloyd C. Blankfein, made the announcement official with an internal memorandum. Portions of it stated: Lucas has played a critical role in helping the firm navigate through...

Portugal: Her Own Worst Enemy

To watch the Portugal debt crisis unfold is to wish someone would whisper these old, wise words in her ear:  “We have found the enemy and she is us.”  That’s right:  it’s not dismal debt ratios that will determine the troubled country’s fate, but its stomach for doing what...

BlackRock Recommends Buying Stocks: Sorta

The Chairman and CEO of Blackrock, Larry Fink believes that stocks have taken Europe into account and that it is safe to turn up the risk and buy stocks.  Although Blackrock was founded and known as a bond firm, Fink believes investors should be in 100% stocks. Fink signals...

DB Said to Limit Bonuses [Morning Update]

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals. Today’s Top Stories: Larry Fink Says Buy Equities: Blackrock’s L Fink says investors should be 100% in equities due to attractive valuations and the potential for higher returns.  “I don’t have a view...

FSA's Recent Directive Receives Round One of Criticism

In January, the Financial Services Authority (FSA) kicked off the new year with the the paper, Implementation of the Alternative Investment Fund Managers Directive. The regulator discussed its future compliance plans for fund managers, depositaries, valuers and administrators. The FSA plans to implement, beginning in July 2013, "significant changes" to regulate...

Macquarie Issues Profit Warning [Morning Update]

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals. Today’s Top Stories: Money Markets: the SEC over the next few weeks will unveil a proposal aimed at shoring up the money market fund industry Lazard IB Results: Total revenues missed by $0.05...

MF Global Missing Funds Started Before Bankruptcy

On Monday, a report by MF Global investigators has disclosed new details of the missing customers funds. This action now started before the firm filed bankruptcy on Monday, Oct. 31 and pieces of the puzzle are starting to come together. According to the four-page statement filed by James W. Giddens, the...

Lazard Reports Fourth Quarter Loss

On Monday, Lazard Ltd. kicked off the week with bad news from its fourth quarter earnings report. The investment firm reported a $4.79 million loss (0.04 cents per share versus 0.37 cents per share estimates). This compared to the previous year's $99.9 million profit (0.77 cents per share). So what attributed...

Pain for Eventual Gain

I'm a sucker for to-do lists (Remember The Milk - best iPhone app ever) and the start of every new year has me writing down ideas and tasks at break-neck speed. Truth be told, I have a love-hate relationship with my lists. I love the potential they represent but hate the pain involved to get them done. And...

Battle Between the Hedge Fund Manager and Senator Continues

Using hedge funds as one of his campaign strategies and frequently speaking out against them, Senator Charles E. Grassley, Republican of Iowa, usually doesn't get a response from his targets. But this time, he may have recently rattled the wrong hornets' nest by poking at Philip A. Falcone, head of Harbinger...

GMCR +18% On Blowout Earnings [Morning Update]

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals. Today’s Top Stories: Overall M&A: Annualized using the run rate through July 2011, deal value and number of deals would have been up 67% and 37%, respectively http://bit.ly/xwWK3M AAPL Products: speculation online that the...

Credit Default Swaps Complicate Greek Debt Deal

Thought things couldn’t get more complicated for Greece?  Think again.  Investors in Credit Default Swaps (CDS) tied to the March 20th bond series will have grounds to seek remuneration if the current debt write-down goes through. The reason is simple: CDS investors bet against Greece with the expectation that they...

Berkshire’s BNSF to spend $3.9 Billion on its Rail Network

Burlington Northern Santa Fe Railway Company (BNSF) plans to spend $3.9 billion on network upgrades this year. The railroad, owned by Warren Buffett’s Berkshire Hathaway Inc., says that its capital spending plan is an increase of $400 million over its 2011 allocation of $3.5 billion. As the economy shows...

Sino-Forest Fraud Probe Ends without Answering Key Questions

The independent committee looking into the allegations of fraud at Chinese timber company Sino-Forest Corp. came out with its final report but failed to provide conclusive answers to some key questions relating to the company's business practices. The troubled Canadian-listed Chinese forestry company has been in a downward spiral...

The Value Of Greek Debt: A Scenario Analysis

With just 50 days left until Greece’s March 20th bond series repayment of $18.5B becomes due, the future of the Eurozone remains unclear.  The unofficial deadline for reaching an accord (January 30th) has come and gone, leaving little time for administrators to manage the logistics of what deal may...

Nomura Profits Surge 33% [Morning Update]

Every morning the Street of Walls team puts out an update on market levels, today’s top stories, and active M&A deals. Today’s Top Stories: New Housing Plan: Obama today will unveil a separate refinancing program targeted at non-agency homeowners (making refinancing easier for mortgages not backed by Fannie or Freddie) although this is...

U.S. Headed for Fourth Straight Year of $1 Trillion Plus Deficit

The non-partisan Congressional Budget Office, in a report released today said thatUnited Statesis set to record its fourth straight year of $1 trillion-plus budget deficit. The current year fiscal deficit, set back by weaker than expected corporate tax revenues, will stay above $1 trillion. The past two years saw...

Post Market News: Amazon Earnings Disappoint

Post Market Report   Market Action   US:  Dow: 12632.91 (-0.16%), S&P 500: 1312.41 (-0.05%), NASDAQ: 2813.84 (0.07%) Europe: CAC: 3298.55 (1.00%), DAX: 6458.91 (0.22%), FTSE: 5681.61 (0.19%). Asia:China: 2292.61 (0.00%),Hong Kong: 20390.49 (1.13%),India: 5199.25 (2.20%), Japan: 8802.51 (0.11%) Metals: Gold: 1739.80 (0.12%), Silver: 33.16 (-0.31%), Copper: 3.79 (-0.95%) Energy: Crude Oil: 98.40 (-0.08%), Natural Gas:...

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