My super secret sources alerted me to heavy call buying in MEE on friday. MEE was trading around $56 on friday but somebody bought 10,000 Feb $65 call options. These calls are almost 15% out of the money, so the person was obviously banking on a buyout before the third friday of February.
Lo and behold, this comes out this morning. Alpha Natural Resources is in talks to buy-out MEE in a deal valued at $69-$70/share.
The 10,000 calls bought between $30-$60 a contract are now worth $400-$500 per contract. A gain over 1300%!!!
Was somebody privy to non-public information??
Saturday, January 29, 2011
Friday, January 28, 2011
Well....at least my 5 years were free
Breaking news! Students aren't learning anything in college!
http://shine.yahoo.com/channel/life/does-going-to-college-make-you-smarter-or-poorer-2445161/
http://shine.yahoo.com/channel/life/does-going-to-college-make-you-smarter-or-poorer-2445161/
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| I LOVE COLLEGE!!!! |
Thursday, January 27, 2011
Do championships bring money or does money bring championships?
Forbes has an article out about how much money SEC schools earn and spend on their football programs. Its very interesting....and explains why my bulldogs have sucked the past few years. Below are revenues and expenses for the 12 SEC schools from 7/1/09-7/30/10. Unfortunately, Auburn kept its Cam Newton payments off its balance sheet.
While I can't brag about any national championships, I can brag that my school is the most frugal in the SEC! Perhaps this is why UGA can't win national championships.....or the liberty bowl.
| Stadium Capacity | Football Revenue | ||
| 1 | Univ. of Alabama | 101,821 | $71,884,525.00 |
| 2 | Univ. of Georgia | 92,746 | $70,838,539.00 |
| 3 | Louisiana State Univ. | 92,400 | $68,819,806.00 |
| 4 | Univ. of Florida | 88,548 | $68,715,750.00 |
| 5 | Auburn Univ. | 87,451 | $66,162,720.00 |
| 6 | Univ. of South Carolina | 80,250 | $58,266,159.00 |
| 7 | Univ. of Tennessee | 102,037 | $56,593,946.00 |
| 8 | Univ. of Arkansas | 76,000 | $48,524,244.00 |
| 9 | Univ. of Kentucky | 67,606 | $31,890,572.00 |
| 10 | Mississippi State Univ. | 55,082 | $14,551,275.00 |
| 11 | Vanderbilt Univ. | 41,448 | $14,152,061.00 |
| 12 | Univ. of Mississippi | 60,580 | $11,920,510.00 |
| Football Expenses | ||
| 1 | Univ. of Alabama | $31,118,134.00 |
| 2 | Auburn Univ. | $27,911,713.00 |
| 3 | Louisiana State Univ. | $25,566,520.00 |
| 4 | Univ. of Florida | $24,457,557.00 |
| 5 | Univ. of South Carolina | $22,794,211.00 |
| 6 | Univ. of Arkansas | $22,005,104.00 |
| 7 | Univ. of Georgia | $18,308,654.00 |
| 8 | Univ. of Tennessee | $17,357,345.00 |
| 9 | Vanderbilt Univ. | $14,152,061.00 |
| 10 | Univ. of Kentucky | $13,905,724.00 |
| 11 | Univ. of Mississippi | $11,920,510.00 |
| 12 | Mississippi State Univ. | $9,951,097.00 |
| Football Profit | ||
| 1 | Univ. of Georgia | $52,529,885.00 |
| 2 | Univ. of Florida | $44,258,193.00 |
| 3 | Louisiana State Univ. | $43,253,286.00 |
| 4 | Univ. of Alabama | $40,766,391.00 |
| 5 | Univ. of Tennessee | $39,236,601.00 |
| 6 | Auburn Univ. | $38,251,007.00 |
| 7 | Univ. of South Carolina | $35,471,948.00 |
| 8 | Univ. of Arkansas | $26,519,140.00 |
| 9 | Univ. of Kentucky | $17,984,848.00 |
| 10 | Mississippi State Univ. | $4,600,178.00 |
| 11 | Vanderbilt Univ. | $0.00 |
| 12 | Univ. of Mississippi | $0.00 |
While I can't brag about any national championships, I can brag that my school is the most frugal in the SEC! Perhaps this is why UGA can't win national championships.....or the liberty bowl.
Take a ride in the Ford Fusion
Ford reports earnings tomorrow morning before the market opens. Expectations are high for Ford with analysts expecting results from Ford not seen since 2000.
I am long F 2012 $25 and 2013 $30 LEAPS because they are cheap ways of participating in any ford upside for the next two years and they costs about $100 vs almost $19/share.
Update:
Ford reported their best annual profit since 2000. Ford's FY net income came in at $6.6 billion or $1.66/share. The fourth quarter income came in lower than anticipated, mainly due to higher commodity costs, one time refinancing charges, and increased advertising on new product launches. Also in 2010, Ford improved its balance sheet and paid down $14.5 billion in debt. Ford still has a substantial debt load at $19.1 billion, but reduced its debt service costs by $1 billion annually. But the company still ended the year with more cash than debt, something it has not done since 2006.
Due to the earnings miss in the 4th quarter, F was pummeled by short-term speculators and momentum investors. Shares are down over 16% since the earnings announcement. This is a good time to average down on F. I purchased more $25 leaps, a $20 leap, and a 17.50 leap. Also, you might look at selling $15 leap puts to get Ford shares at even more attractive prices in the future!
I am long F 2012 $25 and 2013 $30 LEAPS because they are cheap ways of participating in any ford upside for the next two years and they costs about $100 vs almost $19/share.
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| Drive me to the land of bread and honey! |
Update:
Ford reported their best annual profit since 2000. Ford's FY net income came in at $6.6 billion or $1.66/share. The fourth quarter income came in lower than anticipated, mainly due to higher commodity costs, one time refinancing charges, and increased advertising on new product launches. Also in 2010, Ford improved its balance sheet and paid down $14.5 billion in debt. Ford still has a substantial debt load at $19.1 billion, but reduced its debt service costs by $1 billion annually. But the company still ended the year with more cash than debt, something it has not done since 2006.
Due to the earnings miss in the 4th quarter, F was pummeled by short-term speculators and momentum investors. Shares are down over 16% since the earnings announcement. This is a good time to average down on F. I purchased more $25 leaps, a $20 leap, and a 17.50 leap. Also, you might look at selling $15 leap puts to get Ford shares at even more attractive prices in the future!