Author Archive: Jeremy Parkinson
Cempra Poised To Join Antibacterial Drug Acquisition Rumor Buzz With Upcoming Data Release
Cempra Pharmaceuticals (CEMP) continues to be one of our favorite long term prospects due to its assets in the antibiotic space and signs of excellent management. We originally covered the company in June of 2013 when the stock was trading in the $7/share range. Since that time, the stock has gained significant investor attention, and should […]
E Walter Energy: Beware The Risk As Evidenced By The Company’s Deeply Distressed Bond Prices
Walter Energy More Risky to the Downside? Walter Energy (WLT) has some unsecured bonds that are quoted in the upper 20’s, i.e. about 28 cents on the dollar. More specifically, Walter has an 8.5% coupon bond that matures in 2021 yielding 44%! Since bonds are senior in the capital structure to the equity, what does […]
Trina Solar Announces Third Quarter 2014 Results
CHANGZHOU, China, Nov. 24, 2014 /PRNewswire/ — Trina Solar Limited (NYSE:TSL) (“Trina Solar” or the “Company”), a global leader in photovoltaic (“PV”) modules, solutions, and services, today announced its unaudited financial results for the third quarter of 2014. Third Quarter 2014 Financial and Operating Highlights Solar module shipments totaled 1,063.8 MW during the third quarter of 2014, compared to […]
Palladium Weekly Chart
I was going to NFTRH+ this, but then decided that the chart had neither the implied upside nor quite the setup I’d like. But I thought I’d pop it up here anyway because I know a lot of folks are really into Palladium, given its unique supply/demand fundamentals (so they say). PALL has dropped to […]
Why Gold Is Headed Much Higher
What really drives the price of gold? Some say it’s a fear gauge. Others prefer to look at the demand coming from the Indian wedding season. But the silliest of all conclusions to reach is that the dollar price of gold should be determined solely by its value vis-à-vis another fiat currency. The truth is […]
E Global X Copper Miners ETF (COPX) Remains Under Pressure
Commodity prices including those of metals have remained volatile over the last few years, with demand dwindling in spite of increased supply. Over the last four months, the prices of Copper metal have fallen drastically, albeit with episodes of spikes and declines, which again underpins the current volatility in the commodity markets. This gradual decline […]
Bitcoin Mining
by Rod Garratt and Rosa Hayes – Liberty Street Economics, Federal Reserve Bank of New York In June 2014, the mining pool Ghash.IO briefly controlled more than half of all mining power in the Bitcoin network, awakening fears that it might attempt to manipulate the blockchain, the public record of all Bitcoin transactions. Alarming headlines splattered […]
Chicago Fed: US Economic Growth Slowed In October
The pace of US growth slowed more than expected in October, according to this morning’s update of the Chicago Fed National Activity Index. The three-month moving average for this benchmark of 85 indicators slipped to a negative 0.01 reading last month from +0.12 in September. Led by weakness in “production-related indicators,” today’s release “suggests that growth in national economic […]
Stocks, Adjusted For ‘Inflation’ And For Gold
MarketWatch announces that the US stock market is back to the ‘real’ highs of the last secular bull market, prior to the dot.com/tech bubble blow out. Here is the Dow adjusted for CPI, finally paying back investors after a 14 year debit in ‘real’ terms. Click on picture to enlarge SPX-CPI is almost to break even. Click […]
E Shares Of Prosensa Surge 50% After Announcing It Will Be Acquired By Biomarin
Shares of Prosensa Holdings NV (RNA) surged as much as 50% after it announced this morning that it would be acquired by Biomarin (BMRN) for approximately $840 million. The deal will be split up in certain parts depending on certain milestones reached. For instance, the initial payment to shareholders for Prosensa will be $680 million, or […]
