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Archive for January 5th, 2007
Friday, January 5, 2007 Bad timing for Pinnacle By David McKee As Shakespeare wrote, in Hamlet, joys come as single spies but grief arrives in battalions. So it was today for Pinnacle Entertainment, which had a double-whammy for investors. On the same day it warned of "significantly lower" fourth-quarter revenues, it also announced that it intended to issue 10 million new shares. Factor in an additional [...]
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Friday, January 5, 2007 "Nothing's Forever" By David McKee … especially in Las Vegas. I snurched that headline from a Las Vegas Advisor "Last Second Flash" which disclosed that the Gold Coast would be ringing down the curtain on Forever Plaid in April. (I sure hope this doesn't mean the demise of my favorite coffee shop, Rejavanate, run by one of the Plaids.) Forever [...]
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Friday, January 5, 2007 Is Texas Pacific flagging? By Ian Mylchreest Questions are being asked about one of the giants of the private equity business, reports Reuters. Analysts are wondering what has happened with Texas Pacific's latest fund setting its target at only $1 billion.
TP chief David Bonderman has been on the frontline calling for mega-funds to finance mega-deals but now the fund is going mid-cap. What gives? [...]
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Friday, January 5, 2007 Some hopeful signs in the Home Depot debacle By Ian Mylchreest The ejection of Home Depot chief Robert Nardelli could potentially have some salutary effects on corporate governance. Finally, the gadflies and shareholder activists are getting some respect, reports the New York Times.
Of course, Nardelli was an easy target. He was making an outrageous amount of money and the company and its stock price was stagnating. [...]
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