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Posts Tagged ‘ goldman sachs ’

Aetna Initiated With Buy By Goldman Sachs

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May 21, 2013
TEST6Aetna Coventry health care buyout

Reinstate Aetna at Buy following Coventry acquisition  via Goldman Sachs We have removed the NR designation from Aetna Inc. (NYSE:AET) shares. Aetna is now added to the Buy List with a 12-month price target of $68. Following acquisition of Coventry Health Care, Aetna has greater regional commercial market breadth/strength and is now much better positioned to leverage Medicaid and dual eligible growth opportunities. We also see further upside from Coventry Health Care, Inc. (NYSE:CVH) merger synergies in 2013-2016....
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CCC Bond Quality Deteriorating to Pre-Crisis Levels: Goldman Sachs

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May 20, 2013
TEST6CCC bond credit quality and debt ratios from Goldman sachs Research

As investors hungry for yield buy Indian junk bonds, Greek corporate debt, and anything yielding a few percent, many are warning of a bubble. The warnings usually come from perma bear pundits, or regular pundits but the sell side usually likes to be cheerleaders of markets rallies. However, Goldman Sachs takes a break with that tradition in a new report on CCC bonds (AKA junk bonds). Goldman notes that the credit risk premium on...
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Henry Singleton: Teledyne Case Study of an Excellent Capital Allocator

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May 18, 2013
TEST6Henry Singleton

Many students of investing know about the great investment record of Warren Buffett but few even know of the man Buffett called one the greatest capitalists and capital allocators of all-time, Dr. Henry Singleton, who built Teledyne Technologies Incorporated (NYSE:TDY) from scratch during 1960 to 1986. The best investors are avid history students of the market, companies, and great investors. The more you learn from others, the less expensive your own tuition will be. Not...
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Goldman Sachs Boosts Japan GDP, Nikkei PT

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May 17, 2013
TEST6Goldman Sachs Logo

Abenomics is gaining fans from all sides. Hedge funds, other money managers, economists etc. The country reported an impressive 3.5% growth in GDP this quarter. Goldman Sachs has joined the bull crowd. They are out with a new report this morning upping their GDP targets for Japan and the Nikkei price target. Below is the summary followed by the report in scribd. US investors: Not everyone’s a bull While many investors we recently met...
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CFTC Might Regulate Bloomberg

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May 17, 2013
TEST6CFTC

Commodities Future Trading Commission (CFTC) might regulate the relationship between Bloomberg’s trading business on its terminals and its news operation. CFTC Commissioner Bart Chilton explained during Thursday at CNBC’s Squawk Box program that if trading arm may have an effect on the news arm, CFTC should be able to look at them. There was this interesting story last week, whereby Bloomberg journalists used privileged access provided by their company to get information from the...
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Dell Inc. (DELL) Q1 Earnings Preview

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May 16, 2013
TEST6dell logo

Dell Inc. (NASDAQ:DELL) announced this week that it would move up the date of its latest earnings report to today after the markets closed, and analysts at Goldman Sachs Group, Inc. (NYSE:GS) released a preview report. Of course Dell has been buffeted lately by buyout concerns, first as founder Michael Dell made his offer, and then as a handful of other offers have come in and some even withdrawn. The newest offer that’s still...
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JPMorgan Presses Bloomberg For Breached Data

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May 16, 2013
TEST6JPMorgan

JPMorgan Chase & Co. (NYSE:JPM) sent a formal demand letter to Bloomberg requesting data on all staff members since 2008, who have used its terminals to track activities of the bank’s Bloomberg subscribers. In its letter sent this week, the largest U.S. bank is seeking logs for five years of what precisely Bloomberg journalists accessed concerning the use of terminals by JPMorgan Chase & Co. (NYSE:JPM) employees. JPMorgan Chase & Co. (NYSE:JPM) is one of the...
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Case Alleging Goldman For Fraud Over Abacus CDO Dismissed

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May 15, 2013
TEST6Goldman Sachs Logo

Goldman Sachs Group, Inc. (NYSE:GS) won a case concerning  fraud allegations, which were put over it by the bond insurer associated with a CDO related to subprime mortgage securities called Abacus. Goldman Sachs Group, Inc. (GS) Case & Judgment The New York state appeals court dismissed an allegation by ACA Financial Guaranty Corp, which said that Goldman Sachs Group, Inc. (NYSE:GS) suggested the company to insure the CDO or collateralized debt obligation. In its decision, Appellate...
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Goldman Sides with Sony, Other Analysts with Loeb

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May 14, 2013
TEST6Sony

Dan Loeb has put forward a proposal to Sony Corporation (NYSE:SNE) (TYO:6758), as a leading shareholder with a 6.5% equity stake (over $1 billion according to Jonathan Soble in Tokyo and Sam Jones in London of the Financial Times). The proposal has also been published. It includes (1) suggesting taking 15-20% of Sony Entertainment public, (2) a focus on industry-leading businesses for Sony Electronics, and (3) an offer to take a seat on the board of directors....
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Pabrai Boosts Stake In Chesapeake, Cuts Citigroup, Goldman Sachs

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May 13, 2013
TEST6Pabrai Investments

Pabrai Investments, the hedge fund headed by Monish Pabrai, boosted its stake in Chesapeake Energy Corporation (NYSE:CHK) by 1.85 percent or 58,279 shares during the first quarter of fiscal 2013, based on its 13f filing with the Securities and Exchange Commission (SEC). Currently, Pabrai owns total of 3,214,250 shares of Chesapeake Energy Corporation (NYSE;CHK). The stock represents 24.33 percent of its portfolio.  The investment management firm initially acquired 1,005,000 shares of the energy company...
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Jamie Dimon Discusses CEO/Chairman Issues

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May 13, 2013
TEST6Jamie Dimon JPM

Jamie Dimon has been in the news lately due to a seeming obsession over whether he will remain both the CEO and Chairman of JPMorgan Chase & Co. We have posted some exclusive coverage on that topic over the past few weeks. Nomura met with Jamie Dimon and discusses both JPMorgan performance as well as the corporate governance issue. Nomura has a nice chart (which we inserted below) on several large financial companies where...
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