PPM Blog
Best and worst funds: Small-cap value
In the last of the series, we find the worst of the funds, as over 90% of the small-cap value funds were rated Dangerous-or-worse, essentially hanging a huge “stay away” sign on the entire group. Read More
Leap loss narrows; results miss views
Leap Wireless International Inc.’s LEAP fourth-quarter loss narrowed as the prepaid mobile-phone company expanded its customer base and as charges weighed down the year-ago results. Shares slipped 2.3% to $9.40 in recent after-hours trading, however, as Thursday’s results missed analyst [...]
Nordstrom profit climbs 1.7%; outlook cautious
Nordstrom Inc.’s JWN fiscal fourth-quarter profit grew 1.7% as the high-end retailer’s designer category continued to lift the bottom line. Shares still eased 1.3% to $51.52 after hours as the company forecast a weak profit range for the current year, [...]
The process of shorting the market
Many investors are afraid of the short-side of the market, but in order to truly capitalize on all that it has to offer profit-wise, the long- and short-sides must both be in play . Read More
Frontier Communications Q4 earns fall 8.1%
Frontier Communications Corp.’s FTR fourth-quarter earnings fell 8.1% as the regional telecommunications provider saw subscriber numbers sink amid heightened competition. Shares dropped 5.8% after hours to $4.20 as the company cut its dividend. As of Thursday’s close, the stock was [...]
Yelp to offer 7.1 mln shares in IPO
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Yelp seeks to raise up to $100 mln in IPO
SAN FRANCISCO (MarketWatch) — Yelp Inc. said it seeks to raise as much as $100.1 million in its initial public offering, according to an amended filing with the Securities and Exchange Commission late Thursday. The local-business reviews site estimates it [...]
Obama helicopter nearly buzzed by pot plane
SAN FRANCISCO (MarketWatch) — U.S. fighter jets intercepted a small aircraft revealed to be carrying marijuana after the plane strayed into Los Angeles airspace that had been reserved President Barack Obama’s helicopter on Thursday. The North American Aerospace Defense Command [...]
Billabong rejects TPG bid, to sell stake to Nixon
SYDNEY (MarketWatch) — Billabong International Ltd. (BBG.AU) said Friday that it has received a conditional takeover bid from TPG Capital, which has offered A$3 a share valuing the company at A$765.3 million (US$823 million), but has decided to proceed with [...]
Irwin Kellner: Twenty-one signs of economic life
PORT WASHINGTON, New York (MarketWatch) — Although you wouldn’t know it from the behavior of the stock market, the economic outlook is turning just a bit less gloomy. Read More