BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Cash-strapped Saks Inc. launches secondary offering]]>http://www.bloggingstocks.com/2009/09/30/cash-strapped-saks-inc-launches-secondary-offering/http://www.bloggingstocks.com/2009/09/30/cash-strapped-saks-inc-launches-secondary-offering/http://www.bloggingstocks.com/2009/09/30/cash-strapped-saks-inc-launches-secondary-offering/#commentsFiled under: ,

Late Tuesday, Saks Inc. (NYSE: SKS) announced plans to offer up to $100 million in common stock. In a filing with the Securities and Exchange Commission (SEC), the upscale retailer said it will use proceeds from the offering to pay down its debt, and for general corporate purposes. Saks has approximately 138.3 million shares of common stock outstanding as of Sept. 28, and its long-term debt and lease obligations amounted to $662.9 million as of Aug. 1.

Saks has endured a rough year, thanks to a dramatic slowdown in consumer spending amid the recession. The high-end chain has swallowed quarterly losses in each of the previous four reporting periods, and analysts are expecting a loss of 14 cents per share for the current quarter.

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Cash-strapped Saks Inc. launches secondary offering originally appeared on BloggingStocks on Wed, 30 Sep 2009 12:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>common stockdebtinthenewsoptionsSaks Incshare offeringSKStechnical analysisWed, 30 Sep 2009 12:20:00 EST<![CDATA[General Motors yanks the hybrid Malibu, warns common shareholders]]>http://www.bloggingstocks.com/2009/06/11/general-motors-yanks-the-hybrid-malibu-warns-common-shareholder/http://www.bloggingstocks.com/2009/06/11/general-motors-yanks-the-hybrid-malibu-warns-common-shareholder/http://www.bloggingstocks.com/2009/06/11/general-motors-yanks-the-hybrid-malibu-warns-common-shareholder/#commentsFiled under: ,

Downtrodden General Motors (OTC: GMGMQ) is throwing in the towel on its 2010 hybrid-electric Chevy Malibu, according to a report in The Wall Street Journal (subscription required). Due to weak demand among retail customers, dealers have stopped ordering the car, and the automaker is currently choking on a backlog of the unpopular hybrids.

To drive home the point, the Journal quotes Joe Menegos, the sales manager at a National City, Calif., dealership, as saying, "We could care less" that the hybrid Malibu is being deep-sixed.

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General Motors yanks the hybrid Malibu, warns common shareholders originally appeared on BloggingStocks on Thu, 11 Jun 2009 10:45:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bankruptcyChapter 11Chapter11Chevy MalibuChevyMalibucommon stockCommonStockGeneral MotorsGeneralMotorsGMGMGMQThu, 11 Jun 2009 10:45:00 EST<![CDATA[Bill Gross and the death of equities]]>http://www.bloggingstocks.com/2009/02/26/bill-gross-and-the-death-of-equities/http://www.bloggingstocks.com/2009/02/26/bill-gross-and-the-death-of-equities/http://www.bloggingstocks.com/2009/02/26/bill-gross-and-the-death-of-equities/#commentsFiled under: ,

Bill Gross is a big deal in bonds -- with $747 billion under management in his PIMCO. Gross emailed me yesterday because he was a bit put off by some of my recent media comments about him. I responded to him by asking him some questions about PIMCO and the general market. He thinks that equities are history and people should buy bonds instead.

Gross is obviously talking his book but in my interview with him, he made a very interesting point. He suggested that since bonds and preferred stock are senior to common stocks in the liquidation hierarchy of a company, in a slow growth environment, there is no upside to stocks, only downside.

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Bill Gross and the death of equities originally appeared on BloggingStocks on Thu, 26 Feb 2009 17:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bill grossBillGrosscommon stockCommonStockequitiessenior stockSeniorStockThu, 26 Feb 2009 17:10:00 EST