Monthly Archives: February 2008

Fremont Liquidation Analysis

By Daniel | February 29, 2008

Fremont has three primary problems:
1.) Lack of liquidity at holding company. The bank, as of Dec 31, 2007, has ~$21M in cash. This is a major problem; SG&A are running at $36M a quarter. Although cash inflows from assets should help mitigate the impact; the net result is a bank that is brinking on being [...]

Posted in Market Outlook | Leave a comment

Moody’s said ABK had nearly raised enough cash to save its credit rating.

By Daniel | February 29, 2008

Ambac fell 6% on reports that bailout talks had stalled. Moody’s said it had nearly raised enough cash to save its credit rating. Late Friday, the monoline slashed its dividend.
http://biz.yahoo.com/ibd/080229/general.html?.v=1

Possibly Related Posts:

“Agricultural Products Cartel” Could Work
Market manipulations come from Goldman, Citi, BoA, JP Morgan investment divisions
Sounds like a lot of stuff that happens at too [...]

Posted in Market Outlook | Leave a comment

“Global losses from mortgage and other credit problems will likely top $600 billion, UBS said.” Looks like we’re only 20% through the storm!!

By Daniel | February 29, 2008

Bad News Rocks Financial Firms Again, Triggering Big, Broad Market Sell-Off
More financial woes and fear that the worst is yet to come helped push banks and the overall market sharply lower Friday. Global losses from mortgage and other credit problems will likely top $600 billion, UBS said. That’s four times higher than the $150 billion [...]

Posted in Market Outlook | Leave a comment

Ambac Financial Gets Subpoena From Massachusetts Gov

By Daniel | February 29, 2008

Ambac Financial Gets Subpoena From Massachusetts Gov
Last Update: 2/29/2008 6:35:50 PM
DOW JONES NEWSWIRES
Ambac Financial Group Inc. (ABK) said it recently received a subpoena duces tecum
and interrogatories from the Securities Division of the Office of the Secretary
of the Commonwealth of Massachusetts that seeks certain information and documents
concerning Massachusetts public issuer bonds.
The New York troubled bond issuer [...]

Posted in Market Outlook | Leave a comment

UPDATE: Supplier Strikes Hitting US Auto Production

By Daniel | February 29, 2008

UPDATE: Supplier Strikes Hitting US Auto Production
Last Update: 2/29/2008 5:38:35 PM
(Updates throughout with details on impact of TRW and American Axle strikes on
Chrysler and GM. Adds background information, analyst comment and closing share
prices.)
By Terry Kosdrosky and Jeff Bennett
Of DOW JONES NEWSWIRES
DETROIT (Dow Jones)–General Motors Corp. (GM) and Chrysler [...]

Posted in Market Outlook | Leave a comment