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Yearly Archives: 2011

Sycamore Partners Offers $3 For the Retards at Talbots

“On December 6, 2011, Sycamore Partners sent a letter to Gary M. Pfeiffer, the Chairman of the Board of Directors of the Issuer, pursuant to which Sycamore made a proposal to acquire all of the issued and outstanding Shares not owned by the Reporting Persons for $3.00 per Share in cash, subject to the terms specified in the December 6 Letter. In the December 6 Letter, Sycamore also confirmed its commitment to protecting the value of its investment in the Issuer and noted that it was prepared to pursue any and all actions available to it in order to ensure that the Issuer’s board actively and thoughtfully explores strategic alternatives, including Sycamore’s proposal.”

In the filing, Sycamore showed holding a stake equal to 9.9 percent.

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U.S. Equities Flirt With the 200 Day Again

Markets remain hopeful that Europe will get its act together.

Markets were up decently, without conviction i might add, when news broke of a new fund to compliment the EFSF.

DOW up 52

NASDAQ down 6.2

S&P up 1.8

[youtube://http://www.youtube.com/watch?v=p8iwb3RxLno 450 300]

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Update on Today’s 52 Week Highs and Lows

NYSE
New Highs 67 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
AdvanceAmer Cash Centers      AEA         9.40               477,340 
Alabama Pwr 5.2% pfd.         ALPpN       26.33               11,042 
Alaska Air Grp                ALK         72.02              407,995 
AllianceBrnstn IncoFd         ACG         8.18               545,131 
AllianceBrnstn NtlMun         AFB         14.54               25,555 
Alliant Energy                LNT         42.46              406,967 
AutoZone                      AZO         343.90             412,998 
BlackRock Build Am Bd Tr      BBN         20.75              241,839 
BlackRock CA Municipal Tr     BFZ         14.54               30,684 
BlackRock Mun                 BAF         15.64               22,095 
BlkRk MuniHldgs II            MUH         15.21                9,477 
Blkrck MunHl NJ Qlty          MUJ         15.05               31,494 
BlkRk MuniHldgs Quality       MUS         13.97               17,461 
BlkRd MuniYld Michigan II     MYM         14.00               11,476 
BlkRk MuniYld Qlty II         MQT         13.28               38,802 
BlkRk MuniYld Quality         MQY         15.68               46,089 
Bristol-Myers                 BMY         33.33            8,097,731 
BuildaBear                    BBW         8.68                76,511 
Carters                       CRI         41.70            1,046,004 
Clean Harbors                 CLH         61.84              162,913 
Delphi Automotive             DLPH        21.93              320,831 
Generac Holdings              GNRC        26.00              118,014 
General Mills                 GIS         40.60            2,793,297 
Genuine Parts                 GPC         60.96              650,852 
HECO Cp Tr III 6.5% QUIPS     HEpU        26.74                  850 
Home Depot                    HD          40.72            9,288,493 
Inv CA Ins Tr                 IIC         14.64               13,035 
Invesco CA Qty Tr             IQC         13.30               16,218 
Invesco InsCa                 ICS         14.15               12,801 
Invesco Mun Incm Opps Tr      OIA         6.61                36,918 
Invesco MIO II                OIB         7.22                40,444 
Invesco Mun Prem Inc          PIA         8.55                16,062 
Invesco NY Qty                IQN         14.96               33,184 
Invesco VnKmCAInc             VCV         12.85               11,708 
MFS Invest Grade Muni         CXH         9.68                13,784 
MFS Munl Inco                 MFM         7.10                37,973 
MarkWest                      MWE         56.26              242,056 
Mistras Group                 MG          25.28               97,388 
NewMarket Corp                NEU         203.99              35,434 
Nuveen Build Am Bd Fd         NBB         20.38              106,809 
Nuveen Connecticut Prem       NTC         14.22                3,522 
Nuveen Div Fnd                NAD         14.19               63,309 
Nuveen Ins Muni Opport        NIO         14.58               55,324 
Nuveen Insd Qual Muni         NQI         14.74               38,479 
Nuveen Muni Mkt Opp           NMO         14.00               50,665 
Nuveen NY Div Fnd             NAN         13.99                9,091 
Nuveen Ohio Qual Income       NUO         16.70               10,925 
Nuveen Quality Income         NQU         14.33               39,435 
Nuveen Select Quality         NQS         14.93               20,585 
Oceaneering Intl              OII         49.26              951,718 
PECO Energy 3.8 pfd.          PEpA        89.20                  460 
PIMCO Muni Inc III            PMX         11.04               97,264 
ProAssurance                  PRA         80.44              125,733 
Public Str Dep. pfd. D        PSApD       25.40               14,318 
Public Str Dep. pfd. C        PSApC       25.56                6,073 
Qwest Corp7.50%Notes2051      CTW         25.98               87,947 
Rex American Resources        REX         20.46               37,842 
Smithfield Foods              SFD         24.99            1,374,783 
SolarWinds                    SWI         33.55              745,815 
Southern                      SO          44.92            3,276,457 
Standard Motor                SMP         20.23              180,979 
STRATS Dom Res Ser 05-06      GJP         24.85                2,440 
Sunoco Logistics Partners     SXL         36.42              210,557 
TJX Cos                       TJX         63.89            1,798,157 
Tesoro Logistics LP           TLLP        29.96               46,596 
Western Asset Mun Tr Fund     MTT         22.15               31,613 
Western Gas Partners LP       WES         39.16              232,570 

New Lows 13 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
Cellcom Israel                CEL         16.20              318,975 
China Education Alliance      CEU         1.11                44,457 
Doral Fincl                   DRL         0.70               667,046 
Getty Realty                  GTY         13.01              973,686 
iStar Finl 7.65%  Ser G       SFIpG       13.15               42,441 
Kingsway Fincl Svcs           KFS         0.58                12,050 
LEH 7% Sprint Cap             JZK         18.35                2,900 
Reddy Ice Holdings            FRZ         0.39               496,774 
Sequans Comms ADS             SQNS        3.95               183,812 
SimcerePharm ADS              SCR         7.13                46,754 
Syswin ADS                    SYSW        1.10                55,206 
Taomee Holdings ADS           TAOM        4.63                45,140 
Verso Paper                   VRS         1.00                83,300
NASDAQ
New Highs 35 

COMPANY                       SYMBOL      HIGH                VOLUME 
-------                       ------      ----                ------ 
Abiomed                       ABMD        20.58              181,614 
Advisory Board                ABCO        73.72               45,521 
Altisource Ptfl Sol SA        ASPS        49.83              181,730 
AmerElecTech                  AETI        4.50                14,992 
Analysts Intl                 ANLY        5.82                58,024 
Arabian American Dev          ARSD        8.79               142,282 
Associated Banc-Corp. Wt      ASBCW       0.99                 5,000 
CalAmp                        CAMP        4.59               231,154 
Churchill Downs               CHDN        50.95               23,869 
Credit Acceptance             CACC        87.05               12,574 
Crescent Financial Bcshs      CRFN        4.64                59,568 
Cyanotech                     CYAN        7.80               131,949 
Deltek                        PROJ        8.88                41,037 
Dollar Tree                   DLTR        83.99              829,321 
FARO Techs                    FARO        49.35               63,024 
Fastenal Co                   FAST        43.04            1,710,718 
Genomic Health                GHDX        29.04               97,153 
German American Bancorp       GABC        18.98                5,282 
Healthcare Services Group     HCSG        18.85              288,106 
InfoSpace                     INSP        9.89               171,212 
Lakeland Fincl                LKFN        25.50               23,228 
Liquidity Services            LQDT        36.65            1,202,642 
Manhattan Associates          MANH        46.50              126,899 
MercadoLibre                  MELI        95.48            1,995,899 
Nathan's Famous               NATH        21.25               72,059 
Patrick Industries            PATK        3.71                31,817 
PhotoMedex                    PHMD        15.75                  676 
RBC Bearings                  ROLL        44.01               57,032 
Signature Bank Wt             SBNYW       35.97               18,000 
SonoSite                      SONO        43.00               72,809 
Staar Surgical Co             STAA        11.10              322,793 
Synageva BioPharma            GEVA        18.55               13,300 
Synergy Pharmaceuticals       SGYPD       4.97                11,368 
TASER Intl                    TASR        6.49               583,109 
Texas Capital Bancshares      TCBI        30.38              161,575 

New Lows 42 

COMPANY                       SYMBOL      LOW                 VOLUME 
-------                       ------      ----                ------ 
Acadia Healthcare             ACHC        5.43                43,092 
Ambient                       AMBT        5.18                 7,210 
ApplEntrgtcs                  AERG        0.08               406,176 
AspenBio Pharma               APPY        1.77                 7,080 
BSD Medical                   BSDM        2.19                50,277 
China Medical (ADS)           CMED        2.46             6,013,150 
China Sunergy Co              CSUN        0.61               193,899 
Chyron                        CHYR        1.22                11,919 
Citi Trends                   CTRN        8.50                60,107 
Complete Genomics             GNOM        2.99               493,779 
DRI                           TBUS        0.25                90,760 
Dataram                       DRAM        0.98                20,581 
Digital River                 DRIV        14.92              482,766 
Ditech Networks               DITC        0.82                15,200 
eGain Communications          EGAN        4.41                62,552 
Galena Biopharma              GALE        0.48             1,907,603 
Global Sources                GSOL        5.60                27,724 
Hoku                          HOKU        0.64                89,615 
HomeAway                      AWAY        24.74              234,440 
iShs S&P/Citigrp Treas Bd     ISHG        98.60               19,667 
Jacksonville Bancorp FL       JAXB        3.03                 2,760 
Meade Instruments             MEAD        2.92                 3,464 
Meru Networks                 MERU        4.02                53,288 
Network Equip Tech            NWK         1.49                16,914 
Newtek Business Services      NEWT        1.05                73,631 
Novogen  (ADS)                NVGN        0.40                 4,000 
Pacific Biosci of CA Inc      PACB        2.39               157,470 
Peoples Edu Hldgs             PEDH        0.52                 1,400 
Perion Network                PERI        3.45                39,420 
PokerTek                      PTEK        0.46                34,498 
Poniard Pharmaceuticals       PARDD       3.63                21,936 
PremierWest                   PRWT        0.81                22,973 
Rocky Brands                  RCKY        9.12                19,580 
RRSat Global Comm Network     RRST        4.15                12,543 
School Specialty              SCHS        3.93                82,997 
Sigma Designs                 SIGM        6.45               249,881 
Versant Corp                  VSNT        9.26                16,149 
Vertro Inc                    VTRO        1.25                21,077 
Wowjoint Hldgs Un             BWOWU       0.47                 1,000 
Wowjoint Holdings Wt          BWOWW       0.01                15,387 
ZELTIQ Aesthetics             ZLTQ        13.20               91,451 
Zipcar                        ZIP         14.00              638,161

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Bernanke Blasts Bloomberg for Egregious Errors on Emergency Loans Program

“There have been a series of recent articles–one just last week–concerning the Federal Reserve’s emergency lending activities during the financial crisis.  These articles have largely repeated the same information in different formats, and have contained a variety of egregious errors and mistakes.”

Bernanke, who said the media is wrong by calling the Fed’s lending activities “secretive,” also corrected Bloomberg Market’s math.

“Second, one article asserted that the Federal Reserve lent or guaranteed $7.7 trillion during the financial crisis.  Others have estimated the amounts to be $16 trillion or even $24 trillion.  All of these numbers are wildly inaccurate…”
Full article

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EU Considering A Double Barrel Bazooka To Fight the Sovereign Debt Crisis

FT is reporting that the EU is considering a second fund to combat the sovereign debt crisis. Essentially another fund in addition to EFSF. This fund will help the crippled barrel, EFSF, with an additional $500 million.

Apparently the EFSF was o.nly going to be a temporary fund. It is now going to stay and an additional fund will be created to compliment it…..

From BI 

CNBC’s Take

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