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24/7 Wall St.

Insightful Analysis and Commentary for U.S. and Global Equity Investors
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Dole Joins Line of Disappointing IPOs

Oct 23, 2009
Dole Food Company, Inc. (NYSE: DOLE) is making its re-return this morning and is joining in a long line of a very disappointing IPO market.  Dole may be the largest producer and seller of fresh fruits and vegetables in the world, but it is also effe...

Starbucks: Instant Coffee=Instant Profits

Sep 29, 2009
Starbucks has been talking about its foray into the instant coffee business for some time. The product “VIA Ready-Brew” will actually launch in the US and Canada today. According to the company “Starbucks VIA is made with a p...

Leading Economic Indicators Leading.. at a Crawl

Sep 21, 2009
The Conference Board has just released its data on Leading Economic Indicators for August, and the gain here is actually a drop when compared to recent months.  LEI in the U.S. rose by +0.6% in August.  This is a gain on the surface but follows a g...

Trade Deficit Shows Energy Still Top Problem

Aug 12, 2009
The Trade Balance, a.k.a. the trade deficit, for June has just come out at $27.01 billion, from a revised $25.97 billion. This comes in versus consensus estimates from economists at $28.7 billion. The exports were listed as $125.78 billion and th...

Faced With The Obvious, The Fed Will Do Nothing

Aug 11, 2009
The Fed is expected to do nearly nothing as its members meet during the middle of this week. That nothing is in the face of what is now almost certainly a recovery which is beyond the wildest dreams of most economists. The Fed, by most accounts, was ...

New S&P Pivot Points For Cautious December (SPY)

Dec 1, 2009
There is some growing technical concern that is coming in the S&P 500 Index, which of course most trade via the SPDR (NYSE: SPY) ETF or the Spyders.  This is one of the older and most liquid ETF instruments out there with well over 100 million shares...

Secondary Offerings Keep Mounting (ED, KMP, VNR, AGO, USEG)

Dec 1, 2009
There is still a flood of secondary offerings coming down the pipe.  We have secondaries from Consolidated Edison Inc. (NYSE: ED), Kinder Morgan Energy Partners, L.P. (NYSE: KMP), Vanguard Natural Resources, LLC (NYSE: VNR), Assured Guaranty Ltd....

Coffee Roaster War Brewing (DDRX, PEET, GMCR)

Dec 1, 2009
The acquisition of Diedrich Coffee, Inc. (NASDAQ: DDRX) is getting even more heated and more interesting.  We have seen a raised bid from Peet’s Coffee & Tea, Inc. (NASDAQ: PEET) to acquire Diedrich’s for $32.50 per share in a combination of cash...

GM China Sales May Pass US For First Time

Dec 1, 2009
GM reports that the company and its joint ventures sold 177,339 vehicles in China in November, an increase of 110%. GM’s sales in the US were down by a third in the first three quarters of this year and showed very little sign of recovery in...

SPACs' Dead Deals, New Deals and Deal Votes (URX, KWIC, CFQCF, TGY, NSAQ, GSMEF)

Dec 1, 2009
We have been given some exclusive coverage on the recent developments in special purpose acquisition companies and blank check companies from SPACupdate.com this morning.  There are deal updates and calendar events in United Energy Refining Corp....


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