PPM Blog
IPO Report: Facebook insiders add shares to boost IPO
Early investors in social network plan to take advantage of strong demand for IPO to cash out larger chunks of their ownership stakes. Read More
Paulson talks up AngloGold, CVR, Caesars at Sohn
NEW YORK (MarketWatch) — John Paulson, the well-known hedge fund investor, late Wednesday recommended owning the shares of Caesars Entertainment Corp. , AngloGold Ashanti Ltd. ADS and CVR Energy . Speaking at the Sohn Investment Conference, Paulson said AngloGold’s earnings [...]
SLJ Marco’s Jen: 60% odds Greece to exit in 2 mos.
–Jen says call is driven by political stalemate in Greece –Greece exit would be major blow to global markets in short term –Euro to dip toward $1.20, but downside limited by Fed outlook –Sees stronger euro in longer run on [...]
J.P. Morgan loss to rise at least 50%: report
SYDNEY (MarketWatch) — Trading losses at J.P. Morgan & Chase Co. have surpassed the bank’s initial $2 billion estimate by at least $1 billion, according to report on the New York Times website Wednesday, citing people familiar with the matter. [...]
Third Point faces high stakes with Yahoo
Former Web powerhouse is the largest holding for the hedge fund, but questions remain about how it can turn Yahoo around now that it has de facto control of the board. Read More
Bill Mann’s Canada: CP Rail proxy fight: Very nasty, not very Canadian
The monthslong Canadian Pacific Railway Ltd. proxy fight, which culminates Thursday at the railroad’s annual meeting in Calgary, is being called a corporate culture shift in Canada. It’s also been quite nasty, which isn’t very Canadian. Read More
Sell in May and the London whale
The problem with market timing is that like most successful trading strategies, it works, until it doesn’t. And when it stops working, the losses can be dramatic. Read More
Sears posts net; eyes part spinoff of Sears Canada
Sears Holdings Corp. (SHLD) swung to a profit in its fiscal first quarter on a boost from shedding some real estate, part of slimming-down the retailer signaled Thursday it intends to continue as it revealed plans to trim its stake [...]
Canadian Pacific Rail CEO departs
NEW YORK (MarketWatch) — Canadian Pacific Railway said Thursday Chief Executive Officer Fred Green has left the company, effective immediately. The Calgary company also said board members John Cleghorn, Tim Faithfull, Edmond Harris, Michael Phelps and Roger Phillips to not [...]
How the momo crowd hurt gold bugs
Buy when the momo crowd panics, sell when they are very pleased with themselves, and short sell when smart money begins to challenge the them. Read More