A Homebuilder Bankruptcy is Imminent
Even I did not think the stocks would drop 70 percent from already crashed prices. In fact I traded a few for a nice loss. Value traps suck you in. Lesson learned.
(tags: stocks housing realestate)
Ormat Technologies, Inc. (ORA) | Wallstrip
Lindsay meets the hottest guy in the geothermal business. Ormat Technologies, Inc. […]
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S&P’s newest list finds 27 names that score well in terms of relative strength—and earn top ratings from its analysts
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Wall Street was greeted with more gloom and doom out of the housing sector today, kicked off by a disappointing earnings report from KB Home (KBH) this morning…(Read More)
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The Middle East is losing out in the war for talent, according to a global survey by search firm Heidrick & Struggles and the Economist Intelligence Unit. Saudi Arabia and Egypt rank in the bottom five of the Global Talent Index, a new 30-country survey, and their ranking is forecast to remain static over the next five years. The report said a strategic approach is required to ensure the region develops, attracts and retains the best people.
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The use of rights issues in the Gulf is beginning to recover after the correction of the region's stockmarkets last year, according to research by Trowers & Hamlins, the international law firm. The amount raised by rights issues on equity markets in the Gulf for the 12 months ending in June 2007 fell 69% to US$4.6bn from $14.7bn in the same period the previous year. However, the 2006/7 figure is still more than was raised in 2004/5, when it was $4.36bn, and far more than in 2003/4 when it was just $147m.
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Shares in Havas SA gained more than 5 percent Thursday after the French advertising group reported first-half earnings rose 71 percent on new accounts.
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Stocks rose on Thursday as signs of continued strength in the labor market boosted optimism about the economy’s health and the profit outlook.
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The dollar reached yet another low Thursday, its sixth consecutive trading day searching for, and finding, a new bottom against the euro.
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NEW YORK (MarketWatch) - Drug and biotech shares rose in Thursday morning trading, boosted by Forest Labs and Enzon Pharmaceuticals . Shares of Palatin Technologies Inc. jumped 10% after the company announced results from an at-home Phase II trial evaluating bremelanotide for the treatment of female sexual arousal disorder. The Amex Pharmaceutical Index was up fractionally at 347.80, while the Amex Biotechnology Index rose to 825.84.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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NEW YORK (MarketWatch) — Shares of Bowater Inc. recently touched its lowest level since its 1984 spinoff, making now the right time to buy into the stock as several positive catalsts are ahead, Citi analyst Chip Dillon said in a note. The merger with Albitibi-Consolidated is expected to be approved without conditions and without mandatory shutdowns of high-cost newsprint capactiy; more Canadian-based companies are anticipated to shut down their high-cost capacity; and U.S. newsprint prices appear to have bottomed out, Dillon said. Bowater fell to $13.97 on Wednesday, a 77% decline from its all-time high of $60.56 reached in 1999. ”Late September/early October are notorious for seeing market extremes,” Dillon added. ”We believe the risk/reward opportunity in Bowater is highly attractive currently.” Bowater shares recently traded up 6% to $14.95.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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