Beazer Homes USA, Inc. F3Q08 (Qtr End 06/30/08) Earnings Call Transcript
August 8, 2008
Beazer Homes USA, Inc. (BZH)
F3Q08 Earnings Call
Beazer Homes USA, Inc. F3Q08 (Qtr End 06/30/08) Earnings Call Transcript
The Mighty Greenback Gets Some Breathing Room
August 8, 2008
John Jansen submits:
The dollar has surged dramatically against the Euro and registered more modest gains versus the Euro. I think a top is now in place for the Euro and the comments by Trichet yesterday were the catalyst for the crash of the Euro.The market action reflects the economic fundamentals away from the US. Economic data released in Europe and Japan recently are reflective of economies slowing quickly and even tipping into recession. The central banks in each country have yet to respond to the changed set of circumstances and the economic weakness which has derived from the global credit crunch.
In addition, the crash of oil and gold has some suggesting that the bull market in the commodity market has been broken. If so, there are many short the dollar against commodity currencies such as Australia, New Zealand and Canada who will soon be seeking cover.
The Mighty Greenback Gets Some Breathing Room
Alexandria Real Estate Equities, Inc. Q2 2008 Earnings Call Transcript
August 8, 2008
Alexandria Real Estate Equities, Inc. (ARE)
Q2 2008 Earnings Call Transcript
Alexandria Real Estate Equities, Inc. Q2 2008 Earnings Call Transcript
King Dollar Roars Back
August 8, 2008
Mark J. Perry submits:
The U.S. Dollar index for major currencies reached its highest level this year, and is at the highest level since December 21, 2007 (see chart above). Oil fell today by almost $5 per barrel in the spot market to $112.43 (brent spot) and $115.20 [WTI] and below $115 in the futures market. Stock market rose by +300 points.
Don’t Just Do Something, Stand There
August 8, 2008
Tim Price submits:
“No.” – Amy Carter (President Jimmy Carter’s daughter), when asked by a reporter if she had any message for the children of America.
At some point over the last quarter century, politicians, administrators, regulators and bureaucrats appear to have uniformly succumbed to the simple-minded doctrine that people have become allergic to any form of loss. Politics, and investment markets for that matter, have become largely infantilised. It is difficult otherwise to account for such widespread belief in things like the ‘Greenspan put’ – a putative strategy in defence of the stock market that, like so many other presumptions about this most over-rated of central bankers, was a colossal failure in its inability to prevent the Nasdaq index from falling by roughly 80% between 2000 and 2002.
Don’t Just Do Something, Stand There
Arbor Realty Trust, Inc. Q2 2008 Earnings Call Transcript
August 8, 2008
Arbor Realty Trust, Inc. (ABR)
Q2 2008 Earnings Call Transcript
Arbor Realty Trust, Inc. Q2 2008 Earnings Call Transcript
08 Aug 2008 16:00:00 - Top 5 Stocks up on Unusual Volume
August 8, 2008
| Intraday Unusual Volume - Top 5 Up |
| Symbol | Volume % Change |
Price % Change |
News | |
| IPCM | 580% |  24.23% |
news | |
| BECN | 567% | 14.70% |
news | |
| FSYS | 485% | 53.78% |
news | |
| ROCK | 483% | 18.90% |
news | |
| QSII | 345% | 37.80% |
news | |
|
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08 Aug 2008 16:00:00 - Top 5 Stocks up on Unusual Volume
Forex Wrapup: Dollar Benefits As Traders Focus on Weak Economies Elsewhere
August 8, 2008
Grace Cheng submits:
Big and largely one-directional moves have dominated the forex markets this week, and once again, the US dollar is the crowned winner against major currencies. It isn’t just any rebound; the dollar rose mightily to multi-month highs versus the Euro, Swiss franc, British pound, Japanese yen, and was also up against commodity currencies like the Canadian dollar, Aussie and Kiwi.
This week marks the fourth straight week of USD advance against the EUR and CHF, coinciding with the commencement of the Olympics in Beijing on 08/08/08. The current dollar rally is not irrational even though the US economy is still in the dumps. We are currently seeing a massive overturn of expectations relating to rate advantage in the market.
Forex Wrapup: Dollar Benefits As Traders Focus on Weak Economies Elsewhere
Bullish Sentiment Trend Continues Lower
August 8, 2008
David I. Templeton submits:
(Click on chart for larger image.)
Bullish Sentiment Trend Continues Lower
Are IPOs Heating Up? A123 Files.
August 8, 2008
Erick Schonfeld submits:
Companies itching to IPO are braving the markets again. This morning, Rackspace had its IPO (RAX) and today nanotech battery company A123 Systems filed its IPO registration document [an S-1] with the SEC. The Boston-based company is hoping to raise $175 million in an IPO. (It’s already raised $132 million in venture funding from Sequoia, General Motors, Motorola, Qualcomm, and others).
A123 Systems makes next-gen lithium ion batteries for electric and hybrid vehicles, as well as for smaller portable devices. It is working closely with GM and Black & Decker. The company, which came out of MIT, already employs 1,100 people (150 in R&D alone), and has been manufacturing batteries for two years. The company’s revenues in the first quarter of 2008 was $10.3 million, and its sales for all of 2007 was $41.3 million. It’s also been eating through a lot of cash. Last quarter it had a net loss of $14 million, and last year it lost $31 million.
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