"Newsletter" Part Deux
I'll start this week's off with the Buffett watch. Last week Warren agreed to cover $7 billion in insurance claims issued before 1992 by Lloyds of London. This move entails a bit of risk, but if Berkshire plays its cards right, could result in a nice little profit.
In another consolidation move in the financial services industry, Merrill Lynch agreed to buy boutique investment bank Petrie Parkman. Petrie focuses on the North American oil and gas industry. Last month they filed for a $115 million IPO which may have been what sparked Merrill's interest.
Ripplewood Holdings announced on Monday they are preparing a buyout bid of Delphi. They are reportedly going to offer over $10 billion for the struggling automotive supplier. This may lead to a potential investment play if the proper synergies are created, but I have yet to dive that deep into it.
Once again, Goldman continues its dominance in the banking world. With the Industrial & Construction Bank of China being valued at over $129 billion premarket, Goldman is able to recognize a $3.9 billion paper profit, the largest in the firm's history. Though they have to hold the shares for 3 years, they should be sitting fine when the bank celebrated the world's largest IPO around $21.9 billion on Friday. By mid-day the market cap was up over $140 billion making it the 5th largest bank in the world.
So you wanna be a rock superstar? Here's a fine place to start.
Napster: the next YouTube?
The Big MO could have its decision made on the Kraft spinoff by January 31st. Provided there are no other substantial lawsuits filed before now and then, this could be a big mover in the stock (even though it moved quite a bit on the news), which is why we have been following it for so long.
On Friday, Mexico's Cemex offered to buy The Rinker Group out of Austrailia for $12.8 billion in an attempt to create one of the world's largest building materials companies.
The Tokyo Stock Exchange is in talks with the NYX in hopes of creating some sort of relationship to benefit both exanches. Could this result in the first securities market open 24 hours a day?
And last but not least, here is the link to this weeks economic calendar. Not as much market moving info as a couple weeks ago, but there is still quite a bit.
Feel free to either create posts or comment on posts on the blog. Hopefully we can use this as our main source of ideas and discuss them further at the meetings. If there is anything in particular that you want to see added to it, let me know, and I will see what I can do.
Joel
In another consolidation move in the financial services industry, Merrill Lynch agreed to buy boutique investment bank Petrie Parkman. Petrie focuses on the North American oil and gas industry. Last month they filed for a $115 million IPO which may have been what sparked Merrill's interest.
Ripplewood Holdings announced on Monday they are preparing a buyout bid of Delphi. They are reportedly going to offer over $10 billion for the struggling automotive supplier. This may lead to a potential investment play if the proper synergies are created, but I have yet to dive that deep into it.
Once again, Goldman continues its dominance in the banking world. With the Industrial & Construction Bank of China being valued at over $129 billion premarket, Goldman is able to recognize a $3.9 billion paper profit, the largest in the firm's history. Though they have to hold the shares for 3 years, they should be sitting fine when the bank celebrated the world's largest IPO around $21.9 billion on Friday. By mid-day the market cap was up over $140 billion making it the 5th largest bank in the world.
So you wanna be a rock superstar? Here's a fine place to start.
Napster: the next YouTube?
The Big MO could have its decision made on the Kraft spinoff by January 31st. Provided there are no other substantial lawsuits filed before now and then, this could be a big mover in the stock (even though it moved quite a bit on the news), which is why we have been following it for so long.
On Friday, Mexico's Cemex offered to buy The Rinker Group out of Austrailia for $12.8 billion in an attempt to create one of the world's largest building materials companies.
The Tokyo Stock Exchange is in talks with the NYX in hopes of creating some sort of relationship to benefit both exanches. Could this result in the first securities market open 24 hours a day?
And last but not least, here is the link to this weeks economic calendar. Not as much market moving info as a couple weeks ago, but there is still quite a bit.
Feel free to either create posts or comment on posts on the blog. Hopefully we can use this as our main source of ideas and discuss them further at the meetings. If there is anything in particular that you want to see added to it, let me know, and I will see what I can do.
Joel
posted by Miami at 11:57 PM
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