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[Cramer on BloggingStocks: Rationality's price]]>http://www.bloggingstocks.com/2008/03/28/cramer-on-bloggingstocks-rationalitys-price/http://www.bloggingstocks.com/2008/03/28/cramer-on-bloggingstocks-rationalitys-price/http://www.bloggingstocks.com/2008/03/28/cramer-on-bloggingstocks-rationalitys-price/#commentsFiled under: , , , ,

TheStreet.com's Jim Cramer wonders what's going on with the Clear Channel deal.

The focus on this Clear Channel (NYSE: CCU) (Cramer's Take) breakdown, the endless focus, is on the $500 million that the private-equity team, Bain/Lee, will have to pay Clear Channel.

What's more important, I believe, is the billions of dollars I believe the bankers will owe Bain/Lee if they don't find some way to cut this price and make this deal smaller.

There have been dozens of deals that were struck during this period that the bankers wished they could walk away from but didn't. Which says to me, how desperate are they now NOT to have to pay the $22 billion in this very large deal. How desperate are they given the fact that a judge will, I believe, find against them and the damages will be immense, as big as the billions that Lee/Bain can show -- and will -- they would have made if the deal closed in the out years.

Continue reading Cramer on BloggingStocks: Rationality's price

Cramer on BloggingStocks: Rationality's price originally appeared on BloggingStocks on Fri, 28 Mar 2008 08:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bainccuclear channel communicationClearChannelCommunicationcmlscumulusfeaturedjim cramerJimCramerleeFri, 28 Mar 2008 08:50:00 EST<![CDATA[Analyst upgrades 7-24-07: CMLS, DFG, PBY and RNOW]]>http://www.bloggingstocks.com/2007/07/24/analyst-upgrades-7-24-07-cmls-dfg-pby-and-rnow/http://www.bloggingstocks.com/2007/07/24/analyst-upgrades-7-24-07-cmls-dfg-pby-and-rnow/http://www.bloggingstocks.com/2007/07/24/analyst-upgrades-7-24-07-cmls-dfg-pby-and-rnow/#commentsFiled under: , , ,

MOST NOTEWORTHY: Lee Enterprises (LEE), The Pep Boys (PBY), Cumulus Media (CMLS), VeraSun Energy (VSE) and Acuity Brands (AYI) were today's more noteworthy upgrades:
  • Wachovia upgraded Lee Enterprises (NYSE: LEE) to Market Perform from Underperform on valuation.
  • RBC Capital raised Pep Boys (NYSE: PBY) to Sector Perform from Underperform citing upside potential from its real estate monetization strategy.
  • Cumulus Media (NASDAQ: CMLS) was upgraded to Hold from Sell at Citigroup based on the proposed buyout offer.
  • VeraSun Energy (NYSE: VSE) was upgraded to Hold from Sell at Soleil based on the acquisition of three 110mgy ethanol projects from ASAlliance.
  • Gabelli upgraded Acuity Brands (NYSE: AYI) to Hold from Sell following the company's announcement that it will pursue a tax-free spin-off of its specialty products business...

OTHER UPGRADES:
Analyst summaries provided by TheFlyOnTheWall.com (subscription required).

Analyst upgrades 7-24-07: CMLS, DFG, PBY and RNOW originally appeared on BloggingStocks on Tue, 24 Jul 2007 10:52:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>acuityamlynanalystayicmlscumulusdelphidfginthenewsleepbypepratingrightnowrnowscursecuretheflyonthewall.comupgradeverasunvsexcelxelTue, 24 Jul 2007 10:52:00 EST