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ABWTQ -- FINRA Opening Bond Prices
As at April 14th
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View tutorial to learn more about the functionality and content of this site Last Updated: 4/14/2010
Corporate Bond Search Results Wednesday, April 14, 2010
Ratings Last Sale
Include in
Watchlist Bond Symbol Issuer Name Coupon Maturity Callable Moody's S&P Fitch Price Yield
ABY.GB ABITIBI CONSOLIDATED INCORPORATED 7.88 08/01/2009 Yes NR NR C 99.882 -
BOW.GB BOWATER INCORPORATED 9.00 08/01/2009 No NR NR C 100.000 -
ABY.GH ABITIBI CONSOLIDATED INCORPORATED 8.55 08/01/2010 Yes NR NR C 99.781 -
ABY.GO ABITIBI CONSOLIDATED COMPANY OF CANADA 4.82 06/15/2011 Yes NR NR C - -
ABY.GN ABITIBI CONSOLIDATED COMPANY OF CANADA 7.75 06/15/2011 Yes NR NR C - -
BOW.GA BOWATER CANADA FINANCE CORPORATION 7.95 11/15/2011 Yes NR NR C - -
BOW.GD BOWATER INCORPORATED 9.50 10/15/2012 No NR NR C 99.636 -
BOW.GJ BOWATER INCORPORATED 6.50 06/15/2013 Yes NR NR C - -
ABY.GK ABITIBI CONSOLIDATED COMPANY OF CANADA 6.00 06/20/2013 Yes NR NR C 99.259 -
ABY.GP ABITIBI CONSOLIDATED COMPANY OF CANADA 8.38 04/01/2015 Yes NR NR C 100.000 -
ABY.GD ABITIBI CONSOLIDATED INCORPORATED 7.40 04/01/2018 No NR NR C 99.287 -
BOW.GC BOWATER INCORPORATED 9.38 12/15/2021 No NR NR C 99.250 -
ABY.GE ABITIBI CONSOLIDATED INCORPORATED 7.50 04/01/2028 No NR NR C 99.184 -
ABY.GF ABITIBI CONSOLIDATED INCORPORATED 8.50 08/01/2029 Yes NR NR C 99.449 -
ABY.GI ABITIBI CONSOLIDATED INCORPORATED 8.85 08/01/2030 Yes NR NR C 99.983 -
Search Criteria
Bond Type: Corporate Symbol: abwtq
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New Industry Projections
Research and Markets: China lumber, wood chip and wood product processing industry, 2010
Dublin, Apr 13, 2010 (M2 PRESSWIRE via COMTEX) -- Research and Markets (http://www.researchandmarkets.com/research/9124a6/china_lumber_wood) has announced the addition of the "China lumber, wood chip and wood product processing industry, 2010" report to their offering.
China lumber, wood chip and wood product processing Industry, 2010 is valuable for anyone who wants to invest in the lumber, wood chip and wood product processing industry, to get Chinese investments; to import into China or export from China, to build factories and take advantage of lower costs in China, to partner with one of the key Chinese corporations, to get market shares as China is boosting its domestic needs; to forecast the future of the world economy as China is leading the way; or to compete in the segment. The report provides in-depth analysis and detailed insight into the lumber, wood chip and wood product processing industry, market drivers, key enterprises and their strategies, as well as technologies and investment status, risks and trends.
Data sources: Governmental statistics organizations, market research (monitoring) centers, industry associations and institutions, import and export statistics organizations, and others.
This report is divided into 9 parts 19 chapters as follow:
- Part 1 Industry Overview
- 1 Industry definition and development overview
- 2 Industry macroscopic environment and its influence analysis
- 3 Industry international market analysis
- 4 Industry domestic market analysis
- Part 2 Basic indices
- 5 Analysis of the industry's scale and condition: 2005-2009
- 6 Status analysis of gross assets analysis: 2005-2009
- Part 3 Economic operation
- 7 Analysis of gross industrial output: 2005-2009
- 8 Industry sales income analysis: 2005-2009
- 9 Industry gross profit analysis
- 10 Industry import/export analysis in 2009
- Part 4 Competition landscape
- 11 Industry competition landscape analysis
- 12 Industry key enterprises' competitive power comparison (top 20)
- Part 5 Key enterprises
- 13 Comparative analysis of the economic indicators of the industry's key enterprises
- Part 6 Business strategy
- 14. Development bottlenecks and coping strategies in Industry
- 15 Enterprise development strategy analysis and recommendations in Industry
- Part 7 Market investment
- 16 Comparison and analysis of investment activity coefficient and rate of return on investment in Industry
- 17 Industry investment environment and risks analysis
-Part 8 Technology
- 18 Status and trends of the newest technology applications in Industry
- Part 9 Developments and trends
- 19 Development trends and operation capacity forecast for 2010-2014
There more than 200 figures and tables.
Report format: PDF
Knowledge is power. If you want to invest in, import into/from, partner with, or compete against any of the companies in this field, then China lumber, wood chip and wood product processing Industry, 2010 is required reading.
For more information visit http://www.researchandmarkets.com/research/9124a6/china_lumber_wood
CONTACT: Laura Wood, Senior Manager, Research and Markets Fax: +1 646 607 1907 (US) Fax: +353 1 481 1716 (Rest of World) e-mail: press@researchandmarkets.com
Mattydog - please provide link to 13G/D
Date you referenced does not coincide with MFFAIS data.
Either way, I suspect that this refers to the non-direct owner of LLC.
Master Fund - direct owner
LLC - indirect owner
After last June Steelhead LLC was not a 5% owner and so they did not have to use Form 4.
Steelhead Master -- Yahoo Finance still shows them as a 5% owner too, along with Form 4.
ABWTQ - Possible Legal Contact (FYI)
My feeling is you need to go with the guys from Chicago on the Naked Short Issue.
SSCCQ.pk - shareholders (two big funds also have a HP attorney.
Nortel S/H have also combined forces.
I do not know about WaMu.
Either way -- if you want the best, it will cost us.
--------------------
Again, you need to look at all of this in the context of the BB post from yesterday, whre it was commented by someone that Power Planta and Paper Plants were manipulated.
--------------------
Levi & Korsinsky, LLP Investigates Possible Breach of Fiduciary Duty by the Board of Mirant Corporation - MIR
.Companies:Mirant Corporation.Press Release Source: Levi & Korsinsky, LLP On Sunday April 11, 2010, 6:56 pm EDT
NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky is investigating the Board of Directors of Mirant Corporation (“Mirant” or the “Company”) (NYSE: MIR - News) for possible breaches of fiduciary duty and other violations of state law in connection with their attempt to sell the Company to RRI Energy, Inc. ("RRI") (NYSE: RRI - News). Under the terms of the transaction, Mirant shareholders will receive 2.835 RRI shares for each Mirant share they own. Based on the previous day's closing prices, the proposed transaction values Mirant stock at approximately $11.20 per share for a total transaction value of approximately $1.61 billion.
The investigation concerns whether the Mirant Board of Directors breached their fiduciary duties to Mirant stockholders by failing to adequately shop the Company before entering into this transaction and whether RRI is underpaying for Mirant shares, thus unlawfully harming Mirant stockholders. In particular, (i) Mirant stock traded in excess of $17.00 per share as recently as January 7, 2010; (ii) the Company has a book value of $29.77 per share; and (iv) at least one analyst set a price target for Mirant stock at $19.00 per share.
If you own common stock in Mirant and wish to obtain additional information, please contact us at the number listed below or visit http://www.zlk.com/mirant-corporation-mir.html.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation.
Contact:
Levi & Korsinsky, LLPJoseph Levi, Esq.Eduard Korsinsky, Esq.Tel: 212-363-7500Fax: 212-363-7171
Follow up to my EPA Posts
This is just a follow-up to my previous posts related to changes in EPA standards and to my comments regarding Independent Power Producers (Electricity -- Dynegy and Calpine and Naked Shorting)
APRIL 12, 2010.Two Power Producers Set Pact to Merge
.ArticleCommentsmore in Business ».BY REBECCA SMITH AND MARK PETERS
Mirant Corp. and RRI Energy Inc. agreed to merge on Sunday in a deal that would create one of the biggest independent power companies in the U.S.
The all-stock deal, which would produce a combined entity with a market value of around $3.1 billion, wouldn't give shareholders of either company much of a premium for their shares.
In fact, its main value to Atlanta-based Mirant and Houston-based RRI lies in its potential for cost saving at a time of weak prices and slack demand for electricity.
The two companies ...
Steelhead - Info previously posted
http://www.secform4.com/insider-trading/1385897.htm
http://www.secform4.com/insider-trading/1133521.htm
Was a 20% Beneficial Owner -- now just 10%.
Key Dates in U.S. EPA Climate Regulation
Link to:
http://www.reuters.com/article/idAFN0911944820100409?rpc=44
One reason for the delay by some Companies to find out the NEW EPA Rules.
If you note the reference to Cap & Trade and Carbon Tax -- you will see why ABWTQ assets will be hugely valued in the Future.
More on Wall Street Derivatives and ABWTQ
Saw this post (below) on another board and had to post.
Re: Power Producers and Paper Producers and Cattle and Hogs and Cotton and other secondary commodities
imo, in the new world of algorithm trading, everything is related somehow to something else.
------------------------------
Goldman was in the process of Raping Poland 10-Apr-10 05:03 pm
Just like they did with the power plants, paper plants, to there crony capital elites in Private Equity... They drive prices down ruin markets and rape and pillage....... People Wake up...
http://www.businessweek.com/news/2010-03...
slowoldswim...
-----------------------------
My own Take (if I am only partially correct)
Re: Calpine and ABWTQ – both heavily naked short companies -- same result (take the above comment in the same context).
Re: Dynegy (Power Plants)
HOUSTON--(BUSINESS WIRE)--Dynegy Inc. (NYSE: DYN - News) today announced that it plans to report first quarter 2010 financial results before the opening of the New York Stock Exchange on Monday, May 10, 2010. In connection with the announcement, Dynegy Chairman, President and Chief Executive Officer Bruce A. Williamson and members of the company’s senior management team will discuss results during an investor presentation to be web cast live beginning at 9 a.m. ET/8 a.m. CT on May 10.
Just noticed that Wayzata took a big position on Dynegy. I do not give investing advice, but some are expecting a BK filing by Dynegy in the next few days due to lower power prices and high debts. LS Power and affiliate selling lots.
Apparently Dynegy has delayed their 1st quarter results from May 3rd to May 10th (for some unknown reason to shareholders).
Trading between Dynegy and Calpine seem to be linked although not to the same extreme as ABWTQ and TMBCF.
2010-02-16 2009-12-31 13F-HR
Wayzata Investment Partners Llc
11.65% Institution
8,857,000 New Holding 8,857,000
Of course this is the same Wayzata owns a lot of Tembec.
Tembec Inc. (TMB) As of April 10th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
---------------
Although Current Electricity Prices are very low – some consultants are now telling their industrial clients to lock-in prices for the next 5 to 7 years. Suggesting that prices may double between now and Independence Day. And could even triple by Labor Day.
In the context of the above post – I think what is happening to ABWTQ is actually huge. New EPA Rules should be out by the end of the month or in early May.
Naked Shorts = Toxic Assets = Banks could not have bought back their reverse hedges in Fall 2008 – so they relied on the government for money – now those toxic assets are off the banks books (sort of).
And what of Steelhead Master and ABWTQ = still own over 5.2 million shares. What May 10th mentioned this week for an ABWTQ Extension date.
If ABWTQ hass not even worked on their POR yet, then why not. There has to be some news coming. Nothing makes any sense -- like why does ABWTQ still have a Board of Directors -- The Trustee is in Charge.
Lumber Tax and ABWTQ
Thanks for the post -- the article that I read previously suggested that the Tax Reduction was only a possibility since it was based on a 4 week ("average weekly cash price") lumber price.
In my opinion, this is the time when they should be selling off more assets to pay off debts not producing more. Cash Flow means nothing.
That said, I believe the lumber price has a long way to go and the best time to sell may be just prior to Memorial Day.
I saw a funny article today on lumber -- If I can find it again, I will post.
May 10th, 2010 -- was this an important Date for us?
Seems to me the board discussed May 10th this week (unfortunately, I cannot find any reference to it).
Maybe I had the wrong date. Extension Notice or something? Can anyone reference?
Thanks.
IRA Trading Account
I do not know the answer. You will likely need to consult with your legal and financial advisors.
My understanding is that anything non-registered can be used by the mm's. So long as their Naked Shorts are covered within three trading settlement days.
That said, if you have shares in your own name (ie own share certificates -- they cannot be touched).
Caution about % of Ownership
I say this with the utmost respect for all of you on this board.
A word of Caution -- we really do not know what Mr. Harvey and Mr. Paterson and and Mr. Watsa have been up to with regard to the restructuring of this company.
You could carry this thing to an extreme and fil an "injunction" if you had to. You would get sued and then you sue them back.
In my own opinion, some of the current management (the above mentioned excluded) and along with some of the past B of D, along with the Auditors (re: Naked Shorts as at Merger Date and prior, as well as after) should be "in jail".
And maybe, our group needs to form an Alliance with the Legal Teams of WaMu, SSCCQ.pk, MTLQQ.pk and file its own legal cause.
OR maybe we should just approach Prem Watsa directly and strike our own deal -- kick out some of the dead woood and run the company for ourselves.
The o/s -- need to consider Fairfax and their prior filing to the SEC to convert their debt to shares -- so we may not own as much of the company as you think.
-----------------
As an aside my Broker has already conceded that my shares weere illegally used for Naked Shorting.
So, it may be a good idea to keep the $25 target on for the extended future. On 20% of the company -- that is a lot of shares.
And if your broker will not keep the target, because it is outside the trading range -- then phone them and scream. Phone the SEC etc. I forced the issue with my broker and now "no problem".
Everyone is playing for keeps on this one.
My understanding is that no broker has the right to stop you from selling your shares at a certain limit. That is what mm's are for -- if the market price is deemed higher, then they must adjust to the new reality.
Best wishes to all who have contributed greatly to the cause.
More News About Global Forest Industry in 2010
Strengthening is the word. Note below about comment on North American Industry Re-Structuring.
'Global forest, paper, packaging sector to strengthen in 2010'
BEIRUT, Apr 09, 2010 (Arab News - McClatchy-Tribune Information Services via COMTEX) -- Positive indicators suggest that demand in the global forest, paper and packaging (FP&P) sector will strengthen during 2010, according to a new report from the Deloitte Global Manufacturing Industry group.
The study, called "Compass 2010: Global forest, paper, and packaging sector outlook," claims that as the global economy shows signs of improvement, a moderate rise in sales from key end markets including construction and pulp, will help the sector fare better in 2010.
"Companies are taking a more disciplined approach in executing their corporate strategies," says Luc Martin, FP&P sector leader, Deloitte Global Manufacturing Industry group.
"As a result, companies are better able to combat challenges of overcapacity and manage prices to anticipate future demand."
According to the report, consolidation activity is expected to continue this year in certain product lines such as containerboard.
Restructuring through bankruptcy is expected to continue in North America and Europe, while companies in good financial health will still face distressed credit markets and the need to look for alternative financing options.
In this depressed market, assets are undervalued and private equity will look to take advantage of the potential upside once the restructuring of the industry is completed, according to the report.
It added that private equity would increasingly be involved in the industry over the next few years, with likely deals emerging in forestry markets such as Uruguay and Argentina.
A strong appetite among investors for paper-type assets that can provide shorter-term attractive valuations is also an emerging trend, the study says.
Out of the tough economic conditions, industry players will likely refocus efforts towards innovation as a source of growth. Biofuels is one such opportunity.
"Growing investments in biofuels from wood residues could improve operating margins and create a lower dependence on fossil fuels for producing energy internally," said John Dixon, Paper & Packaging leader, Deloitte Consulting LLP in the United States.
"Several European and North American companies are placing bets in biofuels for future revenue growth."
"Broad growth may be difficult to come by this year in North America and Europe but the global FP&P sector in 2010 will likely see recovery in key subsectors with stronger growth in markets like South America and China," adds Martin.
To see more of the Arab News or to subscribe to the newspaper, go to
http://www.arabnews.com. Copyright (c) 2010, Arab News, Jeddah, Saudi Arabia
Distributed by McClatchy-Tribune Information Services. For reprints, email
tmsreprints@permissionsgroup.com, call 800-374-7985 or 847-635-6550, send a fax
to 847-635-6968, or write to The Permissions Group Inc., 1247 Milwaukee Ave.,
Suite 303, Glenview, IL 60025, USA.
Trading Games
FYI -- this is the Pink Sheets. They can do whatever they want to.
They could take this thing down to $0.03 per share if they wanted to -- just to clean out the stops.
If you have bought on margin -- you deserve what you get.
These guys are pros -- they know all the shares being held at the DTCC.
The only way to stop it, is to put a LIMIT SELL ORDER on all of your shares at $25.00 per share. Then you will see who needs shares.
NEW EPA Rules - End of April
NEW EPA Rules (Cap and Trade) / Carbon Tax
Will affect Valuation of ABWTQ -- for sure
US rules on smokestack greenhouse gases out soon
5:26pm EDT
* "Tailoring" rule expected out by end of month
* Would limit rules to larger polluters like power plants
By Timothy Gardner
WASHINGTON, April 6 (Reuters) - The U.S. Environmental Protection Agency will soon issue rules that will determine which power plants and factories will face greenhouse gas regulations, an agency official said on Tuesday.
The measure, known as the "tailoring rule," will set emissions thresholds for the big emitters of gases blamed for warming the planet, such as coal-fired power plants and plants that make cement and glass.
EPA Administrator Lisa Jackson said earlier this year that only plants that emit 75,000 tonnes per year or more of carbon dioxide are likely to be be regulated under the rule in the next two years. The EPA wants to limit U.S. Clean Air Act regulations, or "tailor" them, so they apply only to larger polluters to avoid overwhelming federal and state agencies with paperwork.
"We're expecting that rule to be done very shortly, hopefully by the end of the month," said Gina McCarthy, an assistant administrator at the Environmental Protection Agency, told a conference.
Regulated plants would be required to hold permits demonstrating that they are using the latest technology to pare back emissions. They could also face other future EPA greenhouse gas regulations if Congress fails to pass a climate bill.
The Obama administration has long said it prefers that Congress pass legislation to limit greenhouse gases.
But with climate legislation stalled in Congress, the EPA has begun to issue rules that are expected to help cut emissions -- which has angered some U.S. lawmakers and industry.
The 75,000 tonne threshold could lead to a rash of lawsuits against the EPA as it pits big power plants against small ones, said Kevin Book, an analyst at ClearView Energy Partners.
Companies such as Calpine Corp <CPN.N>, Southern <SO.N>, Dynegy Inc <DYN.N> may benefit because they have "peaker" power plants that only run during times of heavy demand. The plants rake in profits during high times of high power demand but they may escape regulations because their annual emissions are small.
But any company that owns huge power plants that are on most of the time, including the above ones, could face additional costs that small plants would avoid, Book said.
"The short road to a law suit is picking winners and losers in an industry," Book said about the rule, which he suspects will lead to an increase in litigation against the EPA.
EPA's McCarthy said the agency is used to lawsuits and will carry on. Last week the EPA issued the first ever U.S. limits on greenhouse gas emissions from vehicles. [ID:nN01242702]
Starting next year the EPA will also require stationary sources of the gases, such as power companies and manufacturers, to get permits saying new plants or expansions use the best available technology to cut emissions.
McCarthy said the agency is trying to quell fears that the coming rules will require all big plants to use expensive, untested technology such as carbon capture and storage, or CCS. That method would allow snaring of the gas before it reaches the smokestack and socking it away for permanent storage.
"We've had discussions with industry sectors that are concerned they we're going to be requiring CCS for all facilities out there," McCarthy told reporters.
"Clearly the rules under the Clean Air Act that we are going to be implementing look at moving forward already demonstrated technologies, not innovative technologies that have yet to be properly demonstrated," she said.
(Reporting by Timothy Gardner; Editing by Lisa Shumaker)
ABWTQ and Fairfax -- see below
Maybe Fairfax will propose something like this for Mega Brands (March 30th -- SEC Filing tonight).
Dated: April 6, 2010
Exhibit Description
Ex-99.1 News Release dated March 30, 2010 titled Fairfax Announces Investment in Mega Brands
FAIRFAX News Release
TSX Stock Symbol: FFH and FFH.U
TORONTO, March 30, 2010
FAIRFAX ANNOUNCES INVESTMENT IN MEGA BRANDS
(Note: All dollar amounts in this press release are expressed in Canadian dollars.)
Fairfax Financial Holdings Limited (TSX: FFH and FFH.U) announces that further to the recapitalization of MEGA Brands Inc., Fairfax, directly or through its affiliates, has acquired 64,668,000 common shares of MEGA and 64,668,000 common share purchase warrants of MEGA, each warrant entitling the holder to purchase one common share at a price of $0.50 at any time until March 30, 2015. Of the total number of common shares and warrants acquired by Fairfax pursuant to the recapitalization, 51,610,000 common shares and 51,610,000 warrants were acquired through a private placement and 13,058,000 common shares and 13,058,000 warrants were acquired as part of the consideration for the cancellation of $64 million principal amount of outstanding convertible debentures previously held by Fairfax
The 64,668,000 common shares acquired by Fairfax represent approximately 19.7% of the total outstanding MEGA common shares. The acquisition of an additional 64,668,000 common shares pursuant to the exercise of the warrants would increase Fairfax’s percentage holding of common shares of MEGA to approximately 33% (assuming that no other warrants are exercised). Except for the common shares and warrants acquired today, Fairfax does not own or control any other voting or equity securities of MEGA.
The securities of MEGA were purchased for investment purposes. Fairfax continually reviews its investment alternatives and may purchase additional securities of MEGA for time to time in accordance with applicable laws.
The securities acquired by Fairfax as described herein are being issued pursuant to the recapitalization transaction in reliance on the prospectus exemption contained in section 2.11 of National Instrument 45-106, Prospectus and Registration Exemptions.
For further information: A copy of the early warning report that will be filed by Fairfax with the relevant Canadian securities administrators in connection with this matter can be obtained by contacting Paul Rivett at 416-367-4941.
FAIRFAX FINANCIAL HOLDINGS LIMITED
95 Wellington Street West, Suite 800, Toronto Ontario M5J 2N7 Telephone 416/367 4941 Telecopier 367 4946
For further information contact: Greg Taylor, Chief Financial Officer, at (416) 367-4941
Media Contact
Paul Rivett, Chief Legal Officer, at (416) 367-4941
FAIRFAX FINANCIAL HOLDINGS LIMITED
95 Wellington Street West, Suite 800, Toronto Ontario M5J 2N7 Telephone 416/367 4941 Telecopier 367 4946
Inclined to believe that a buyout is on the table now.
Inclined to believe that a buyout is on the table now. I will review the recent dockets and post accordingly.
LUMBER (RANDOM LENGTH) (CME:LB)MarketsAll FuturesOpen FuturesExchange ListPortfolio.Chicago Mercantile Exchange (CME) › Food and Fiber › LUMBER (RANDOM LENGTH) (LB)
Market Contract Open High Low Last Change Pct Time
LB.K10 May 2010 298.7 299.2 291.5 293.0 -3.0 -1.01% set 14:07
LB.N10 Jul 2010 307.6 307.6 301.5 302.5 -1.5 -0.49% set 14:03
LB.U10 Sep 2010 303 303 300 302 +2 +0.67% set 14:04
LB.X10 Nov 2010 276.5 277.0 277.5 +1.5 +0.54% set 14:01
LB.F11 Jan 2011 271.0 274.5 274.5 +4.5 +1.67% set 10:18
LB.H11 Mar 2011 268 268 270 +3 +1.12% set 10:08
LB.K11 May 2011 265 267 267 0 0.00% set 14:15
Lumber Futures -- almost in full backwardation -- no storage. Natural Gas back in 2002 and 2004 was also in backwardation before it too exploded.
Lumer = more earthquakes a coming.
Look at CPN (Calpine) and DYN (Dynegy) -- Electricity Producers
SFD (Smithfield Foods)
TSN (Tyson Foods)
Cotton Producers
imo, we are about to witness the next unwind of derviatives.
Goldman and Anonym. still playing with Tembec.
-----
Tell you what, subject to financing -- I will immediately convert all USD nominated debt back to Canadian Dollars for Canadian Assets and offer $0.03 per share for the entire company.
Whoever is trying to steal the assets -- can basically get lost -- we know every trick in the book.
Thanks Goldman.
dav1234 -- a couple of questions
On the Pension Issue -- what is your take, based on the most recent information.
I think that some on the board have wishful thinking about that particular issue.
My perception is that the 1.3 Bllion Dollar does not physically get removed from the Balance Sheet or that the Obligation of this amount (or other reported amounts - which seem to differ slightly from time to time) will be eliminated -- but rather the new laws will allow the company to keep Pensioners 'whole' by allowing them to partake in the Re-Capitalization Process to a large degree.
-------------------------
On the Translation on Foreign Exchange Gain -- $US Denominated Debt for Canadian Assets
We have made the point that for every 1 cent drop in the Canadian Dollar, Operations can benefit to the tune of $22 to $29 million dollars -- but the cost of servicing that debt would simultaneously increase by the same or slighty more (due to interest -- acrued interest).
So the Company should really be looking to finance (or re-finance) its Canadian Assets with Canadian Dollar Denominated Debt.
Example: Canadian Debts for Canadian Assets and Canadian Labor Costs etc. (everything is back to back).
True, it gets somewhat tricky, when the company reports strickly US dollars, bacause dollars (no matter the currecncy) are converted and then reported in US Dollars.
I had done some analysis on this pre-merger, I may have to retrieve this from my old basement files -- if I even kept it at all.
What is your take?
Can we get an up-to-date reading on all Debts associated with the "remaining" Canadian assets (secured, unsecured, DIP).
At 99 cents -- 1 cent less than par -- then if the exchange rate goes to $1.01 -- the company actually makes money on the Conversion back to Canadian Dollars.
Use 1.02 US, or 1.07 US to buy 1 Canadian as an exchange -- 3.8 billion debt -- debt reduction by reverting to one-time currency gains.
I beleive that a couple of Lumber Producers in Western Canada did this (one-time translation gain) in 2008 and 2009 to get some much-needed cash after using up their monies received from the Negotiated Settlement on the Lumber Dispute.
The point is -- right now in BK, I would rather have the Canadian Dollar rising than falling, because all DEBT and ACCRUED INTEREST IS DUE.
Your thoughts -- what am I missing?
Canadian Carbon Tax and Emission Credits
The attached link refers to an article as of April 1st, which will impact Canadian Operations in terms of Carbon Taxes and Emission Credits (and likely the start of Cap & Trade in that Country).
http://www.canada.com/technology/Automakers+facing+carbon+2011/2753354/story.html
Happy Easter to everyone, as well.
No matter the outcome of ABWTQ, I think that this board has been great for all of us to share information and to express our personal views.
I thank the Moderators for all of their efforts.
Re: ABWTQ and ABLE or other Party
March 30th Filing
From Form 10-K Goldman Sachs Hedge Fund Partners, LLC
(Mark One)
þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2009
or
o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: 001-50723
Goldman Sachs Hedge Fund Partners, LLC
Goldman Sachs Global Fundamental Strategies, LLC
GFS’s investment objective is to target attractive risk-adjusted absolute returns with volatility and correlation that are lower than the broad equity markets by allocating assets to Advisors that operate primarily in the global event driven sector. As of December 31, 2009, GFS’s managing member (currently, the Managing Member) had allocated GFS’s assets, directly or indirectly, to 14 Advisor Funds, although this number may change materially over time as determined by GFS’s managing member. Prior to April 1, 2008, GFS’s managing member generally did not allocate more than 25% of GFS’s total assets to any single Advisor at the time of allocation. As of April 1, 2008, there are no restrictions on the amount of assets of GFS that its managing member can allocate to any single Advisor. Event-driven strategies seek to identify security price changes resulting from corporate events such as restructurings, mergers, takeovers, spin-offs and other special situations. Corporate event arbitrageurs generally choose their investments based on their perceptions of the likelihood that the event or transaction will occur, the amount of time that the process will take and the perceived ratio of return to risk.
Strategies that may be utilized in the event driven sector include merger arbitrage, high yield/distressed securities and special situations. Other strategies may be employed as well.
Merger Arbitrage
Merger arbitrageurs seek to capture the price spread between current market prices and the value of securities upon successful completion of a takeover or merger transaction. The availability of spreads reflects the unwillingness of other market participants to take on transaction-based risk, i.e., the risk that the transaction will not be completed and the price of the company being acquired will fall. Merger arbitrageurs specialize in evaluating this risk and seek to create portfolios that reduce specific event risk.
High Yield/Distressed Securities
High yield/distressed securities strategies invest in debt or equity securities of firms in or near bankruptcy. Advisors differ in terms of the level of the capital structure in which they invest, the stage of the restructuring process at which they invest, and the degree to which they become actively involved in negotiating the terms of the restructuring.
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Table of Contents
Special Situations
Special situations such as spin-offs and corporate reorganizations and restructurings offer additional opportunities for event-driven Advisors. Often these strategies are employed alongside merger arbitrage or distressed investing. An Advisor’s ability to evaluate the effect of the impact and timing of the event and to take on the associated event risk is the source of the returns. Advisors differ in the degree to which they hedge the equity market risk of their portfolios.
Multi-strategy and Other
Multi-strategy Advisors invest across a range of strategies. These Advisors tend to be more opportunistic in targeting specific event driven, equity long/short and relative value strategies during differing market environments.
Individuals and entities affiliated with the GS Group, including investment funds, directors, officers, employees, partners, trustees, managers, members and any related trusts, owned approximately 57% of GFS as of December 31, 2009.
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Re: PPS Trades since BK Filing -- you just never know who has been keeping the price down.
Lumber -- After Hours - Can Someone confirm?
Lumber Futures (after hours) -- can someone confirm?
Today's close showed down a few points for near months and up a bit in September.
No charts to confirm monthly data, though (may be a problem with the data feed).
But then after hours showing almost limit up for May and July.
Can't be correct -- can anyone confirm.
Otherwise, there is a heck of a chart reversal underway.
Thanks.
-------------
Note that I am happy for all of the short-term traders / flippers or medium term holders on this stock. I wish I could be in your shoes.
Holding for re-capitalization or buyout or whatever.
ABWTQ -- Capitalism at its best!
With enough money either on one's own or through my hedger friends, I could systematically manipulate any one or more commodity (Gold, lumber, pulp, crude, natural gas), OR Currency and then place bets for or against.
Is this what happended somewhat to ABWTQ through the years in relation to the illegal naked shorting and CDS Game.
See below.
http://www.msnbc.msn.com/id/31510813/#36024231
http://www.msnbc.msn.com/id/31510813/#36024179
http://www.msnbc.msn.com/id/31510813/#36040828
ABWTQ - Illegal Naked Shorts = CDS = Off-Balance Sheet
Illegal Naked Shorts = CDS = Off Balance Sheet Stuff
Re: ABH, ABY, BOW and ABWTQ Stock Trading
http://finance.yahoo.com/tech-ticker/article/449812/Sen.-Kaufman%3A-Lehman-Accounting-Just-Tip-of-Wall-St.-Fraud-Iceberg
With the SEC and the FBI now involved investigating these off-balance sheet toxic assets, I would expect some kind of offer to come through for the entire ABWTQ lot -- just to bury the crap that these guys on WS did with this stock.
Note GS and Anonymous still painting the Tembec tape and ratio between ABWTQ and TMBCF still about the same (generally).
imo, -- the next shoe to drop will be electricity -- how would you like to pay the true cost of electricity for all of your electronic gadgets -- hence the wireless movement.
Lumber Charts Looking Good -- July 2010
We broke $300 for July, well in advance of that contract's expiry. Hope it holds for a few days.
I think the next big resistance is 308 to 312 -- after that, we could go all the way to $340 to $380. Note: Beneficial "export" tariffs just a little higher for Canadian Subs -- but my understanding is an overall NET $360 Canadian Sales Price to make a huge difference in "margins".
And if by April 6th, we hit a full "backwardated" market (little log inventories -- we may go even higher than $380 (before July futures expire in or around July 15ht.
Hang on Contango still in for May and July -- but rest of complex looks great.
Hey -- if you want to build a custom house this summer, it is going to cost you more.
By 2014 -- China demand for lumber imports is expected to grow to above 50% of U.S. historical annual lumber requirements.
Hang on for a buyout offer. I do not think that this will exit BK in the traditional way.
And, if you are a flipper or a trader, congrats to all -- I doubt that I will ever get my full money back (in since well before the merger).
My guess is 2.1 billion equity (over about 90 million shares if Fairfax converts).
Lights out for tonight.
Today's Opening Bond Prices 8:22 am
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View tutorial to learn more about the functionality and content of this site Last Updated: 3/25/2010
Corporate Bond Search Results Thursday, March 25, 2010
Ratings Last Sale
Include in
Watchlist Bond Symbol Issuer Name Coupon Maturity Callable Moody's S&P Fitch Price Yield
ABY.GB ABITIBI CONSOLIDATED INCORPORATED 7.88 08/01/2009 Yes NR NR C 99.882 -
BOW.GB BOWATER INCORPORATED 9.00 08/01/2009 No NR NR C 100.000 -
ABY.GH ABITIBI CONSOLIDATED INCORPORATED 8.55 08/01/2010 Yes NR NR C 99.781 -
ABY.GO ABITIBI CONSOLIDATED COMPANY OF CANADA 4.82 06/15/2011 Yes NR NR C - -
ABY.GN ABITIBI CONSOLIDATED COMPANY OF CANADA 7.75 06/15/2011 Yes NR NR C - -
BOW.GA BOWATER CANADA FINANCE CORPORATION 7.95 11/15/2011 Yes NR NR C - -
BOW.GD BOWATER INCORPORATED 9.50 10/15/2012 No NR NR C 99.636 -
BOW.GJ BOWATER INCORPORATED 6.50 06/15/2013 Yes NR NR C - -
ABY.GK ABITIBI CONSOLIDATED COMPANY OF CANADA 6.00 06/20/2013 Yes NR NR C 99.259 -
ABY.GP ABITIBI CONSOLIDATED COMPANY OF CANADA 8.38 04/01/2015 Yes NR NR C 100.000 -
ABY.GD ABITIBI CONSOLIDATED INCORPORATED 7.40 04/01/2018 No NR NR C 99.287 -
BOW.GC BOWATER INCORPORATED 9.38 12/15/2021 No NR NR C 99.250 -
ABY.GE ABITIBI CONSOLIDATED INCORPORATED 7.50 04/01/2028 No NR NR C 99.184 -
ABY.GF ABITIBI CONSOLIDATED INCORPORATED 8.50 08/01/2029 Yes NR NR C 99.449 -
ABY.GI ABITIBI CONSOLIDATED INCORPORATED 8.85 08/01/2030 Yes NR NR C 99.983 -
Search Criteria
Bond Type: Corporate Symbol: abwtq
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A deal with Tembec? -- Who Knows
But the algorithm trading ratio has come back into balance late this afternoon.
Only an arbitrager has that much power to pound Tembec shares down at the end of the day, the way they did.
Re: ABWTQ and Beststockp
Interesting that we see an inquiring mind, just as "technicals" on this stock (ABWTQ) seem to be warming.
Because this poster mentioned Steelhead LLC, and because of a few posts here on the similarities between Tembec and ABWTQ, I found the following:
A New Entry (as at March 21, 2010) on Canadian Insider for Tembec by Wayzata Partners LLC -- A Distressed Asset Investment Firm (Control or Direction). If the transaction is at Feb 29, 2008 -- why post it now.
Tembec Inc. (TMB) As of March 21st, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
Mar 18/10 Feb 29/08 Wayzata Investment Partners LLC Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report
See Press Release from June 10, 2008 -- below
Tembec waives its shareholder rights plan for Wayzata Investment Partners
June 10, 2008
THE CANADIAN PRESS
THE CANADIAN PRESS, 2008
MONTREAL - Tembec Inc. (TSX:TMB) waived its shareholder rights plan Tuesday to allow Wayzata Investment Partners LLC to increase its stake in the company to up to 30 per cent.
The forestry company said Wayzata has signed a deal to increase its stake to about 21.54 per cent.
Under the waiver conditions, Wayzata must vote all of the shares its owns over 20 per cent as recommended by the board except on the appointment of auditors and compensation matters.
Wayzata will also abstain from voting any the excess shares in the election of directors and the issuance of shares from treasury.
In connection with any takeover bid for Tembec, Wayzata may only tender the excess shares if the board recommends shareholders tender to the bid or makes no recommendation.
Wayzata must provide also Tembec with seven days prior notice before any sale of one million or more shares of Tembec expected to occur over a 30-day period and must tell the company if it buys any more Tembec shares.
I think it is wonderful, but my data shows
I think it is wonderful, but my data shows that Steelhead Navigator Master L.P. Fund still owns close to 5.2 million shares.
See below and move down -- no sales on that one on MFFAIS that I can see.
Note difference (one direct shares and one indirect shares). Two separate funds that I can see). No one has yet to prove me wrong. So someone must really want your shares to be out here again talking about Steelhead LLC selling and not Steelhead Master.
http://www.secform4.com/insider-trading/1385897.htm
Great Posts Yesterday - Can't wait til I'm Back
Today's Opening Bond Prices -- someone sees value
FINRA Logo.FINRA HomeAbout FINRANewsroom Investors
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View tutorial to learn more about the functionality and content of this site Last Updated: 3/19/2010
Corporate Bond Search Results Friday, March 19, 2010
Ratings Last Sale
Include in
Watchlist Bond Symbol Issuer Name Coupon Maturity Callable Moody's S&P Fitch Price Yield
ABY.GB ABITIBI CONSOLIDATED INCORPORATED 7.88 08/01/2009 Yes NR NR C 99.882 -
BOW.GB BOWATER INCORPORATED 9.00 08/01/2009 No NR NR C 100.000 -
ABY.GH ABITIBI CONSOLIDATED INCORPORATED 8.55 08/01/2010 Yes NR NR C 99.781 -
ABY.GO ABITIBI CONSOLIDATED COMPANY OF CANADA 4.82 06/15/2011 Yes NR NR C - -
ABY.GN ABITIBI CONSOLIDATED COMPANY OF CANADA 7.75 06/15/2011 Yes NR NR C - -
BOW.GA BOWATER CANADA FINANCE CORPORATION 7.95 11/15/2011 Yes NR NR C - -
BOW.GD BOWATER INCORPORATED 9.50 10/15/2012 No NR NR C 99.636 -
BOW.GJ BOWATER INCORPORATED 6.50 06/15/2013 Yes NR NR C - -
ABY.GK ABITIBI CONSOLIDATED COMPANY OF CANADA 6.00 06/20/2013 Yes NR NR C 99.259 -
ABY.GP ABITIBI CONSOLIDATED COMPANY OF CANADA 8.38 04/01/2015 Yes NR NR C 100.000 -
ABY.GD ABITIBI CONSOLIDATED INCORPORATED 7.40 04/01/2018 No NR NR C 99.287 -
BOW.GC BOWATER INCORPORATED 9.38 12/15/2021 No NR NR C 99.250 -
ABY.GE ABITIBI CONSOLIDATED INCORPORATED 7.50 04/01/2028 No NR NR C 99.184 -
ABY.GF ABITIBI CONSOLIDATED INCORPORATED 8.50 08/01/2029 Yes NR NR C 99.449 -
ABY.GI ABITIBI CONSOLIDATED INCORPORATED 8.85 08/01/2030 Yes NR NR C 99.983 -
Search Criteria
Bond Type: Corporate Symbol: abwtq
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Bio Mass - A Future Energy Source
Link to OPG - Call for Tender (below)
http://www.newswire.ca/en/releases/archive/March2010/18/c2964.html
California Power Rates - Link to article below
In the past, I have referenced that I believe that the new inflation will not come from higher copper, gold, crude or agr. commodities, but from higher cotton (clothing), lumber (normalized "replacement cost" of building a house, food (pork-hogs, beef-cattle etc.) prices and higher electricity rates.
I believe that even though the price of electricity went up over the past 5 years, it did not go up enough to properly maintain the North American Grid.
Further, with all of the new computers and other electronic gadgets purchased by consumers over the past 5 years, plus the potential for hybrid cars, there is no way that electricity rates could have been as low as they were -- especially when crude was at $140 / barrel.
And judging from the way that Wall Street has also been setting up Calpine, Dynegy and other independent electricity producers (take not of the continued BS trade on Abitibi-Bowater -- and illegal naked shorting -- same as in the previous companies), the attached article is now very relevant.
http://www.latimes.com/news/local/la-me-dwp-rates16-2010mar16,0,7870063.story
Take Note: Cap & Trade -- where is the future value.
Take note: readers of newspapers may have gravitated to the internet over the past five years, but if they suddenly have to pay 5 times as much for "electricity" for on-line readership), maybe "hard-copy" newspapers will turn out to be the cheaper option in the medium and longer-term.
Take Note: Building out New Networks is going to require much more elctricity use -- AbibitiBowater is a also a "Electricity Producer".
Link to the $Lumber continuous chart (below).
If we do go higher (on technicals), what a perfect time to propose a "takeout" offer -- to restructure the entire Pulp and Paper Indusrty and the Forestry Industry (North America Wide).
I say this in light of the board's comments on the Domtar / NewPage situation and their Hedge Fund Relationship.
On Tembec, my understanding is that they are weighted 40% to Pulp (much higher than ABWTQ -- more weighted to newsprint).
Maybe Tembec has run ahead on both Chile and the fact that their management has said no to whatever "merger" deals had been proposed to them (who knows -- but I think that shorts are covering in the entire sector and analysts are starting to advise a little bit more.
Not sure how long the Chile situation will last, but Kimberly Clark was downgraded today on higher "expected" pulp costs for both 2010 and 2011.
http://stockcharts.com/h-sc/ui?s=$lumber&p=D&b=5&g=0&id=0
Hard to stay away - so many good posts today.
On vacation and great weather, but with all that is happening it is hard not to post.
Saw the "SEC Boss Agency Examining companies article" earlier -- from Yahoo Finance. Thank you for posting.
Also attached is a link to two articles on derivatives trading - for interest only.
http://www.huffingtonpost.com/2010/03/16/us-warns-eu-that-a-deriva_n_500971.html
http://www.bing.com/videos/?FORM=MFEVID&publ=2BE19A43-506C-4905-B386-894988BC18EB&crea=STND_MFEVID_core_HuffPo_CustomVidLink_1x1&q=Derivatives+Ban&docid=1736620049046#
Max Keiser Video -- no date referenced (but I think fairly recent).
The first 10 minutes of the 26 minute video would be more relevant to ABWTQ. But the remaining is also quite informative.
Part 1: Naked Credit Default Swaps and Naked Shorts related to "Currency Swaps". Hard to follow in some areas (ie. not scripted). But makes some good points about the Quant Trading on Wall Street by Market Makers.
Part 2: Money Heaven and Hedge Fund Stealing. Risk that all of these off-balance sheet are really driving the "deflationary" spiral of the past year. 400 Trillion plus in CDS -- unaccounted for money fraud.
Enron reference : really the start of higher margin trading by Banks as opposed to straight lending.
Reference to GMAC -- being the financial back-bone of GM (not cars, but financial products -- GMAC was the profit centre, not cars (loss leaders).
Reference to CIT and Sub-prime lending.
Reference to LOP-SIDED Trading (oil up to $140 -- everyone on the same side of the trade)
Short-sighted focus of gov't -- which really wants to defer "regulation" of the financial markets.
Thank you for all the wonderful informative posts.
I have been on holidays (for the most part) since last week, but will return next Monday. Just check in from time to time.
Ergodoc -- in relation to the question that you asked last week, nothing new comes to mind. I agree, the share price has been held down. Technicals do matter too -- so we could very well get a rise back to the 30's, despite falling lumber commodity pricing.
Re: re-financing - with the rise in the Canadian dollar -- it continues to seem logical that all Cdn assets should be financed in Canadian dollars.
Example: I can take the debts (today -- expressed in USD) that were for the Canadian assets alone and re-finance for $0.98 on the dollar. I was wrong -- $0.97 was not the recent top and ABWTQ has not missed the boat.
Note: that Duane Owens and the rest of the clan at ABWTQ missed an opportunity to re-finace at over a dollar (exchange) two years ago -- what are they waiting for -- next Christmas.
Example 2: -- we the shareholders can make an offer to purchase all the Canadian assets right now for $0.12 on the dollar per share -- refinance and then sell forward lumber, pulp etc. (at the same time locking-in our input costs), then just watch the money roll-in -- why is the company not doing the same thing. Do these guys not follow the currency market?
Listed below are today's reported opening Bond Prices
FINRA Logo.FINRA HomeAbout FINRANewsroom Investors
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View tutorial to learn more about the functionality and content of this site Last Updated: 3/16/2010
Corporate Bond Search Results Tuesday, March 16, 2010
Ratings Last Sale
Include in
Watchlist Bond Symbol Issuer Name Coupon Maturity Callable Moody's S&P Fitch Price Yield
ABY.GB ABITIBI CONSOLIDATED INCORPORATED 7.88 08/01/2009 Yes NR NR C 99.882 -
BOW.GB BOWATER INCORPORATED 9.00 08/01/2009 No NR NR C 100.000 -
ABY.GH ABITIBI CONSOLIDATED INCORPORATED 8.55 08/01/2010 Yes NR NR C 99.781 -
ABY.GO ABITIBI CONSOLIDATED COMPANY OF CANADA 4.82 06/15/2011 Yes NR NR C - -
ABY.GN ABITIBI CONSOLIDATED COMPANY OF CANADA 7.75 06/15/2011 Yes NR NR C - -
BOW.GA BOWATER CANADA FINANCE CORPORATION 7.95 11/15/2011 Yes NR NR C - -
BOW.GD BOWATER INCORPORATED 9.50 10/15/2012 No NR NR C 99.636 -
BOW.GJ BOWATER INCORPORATED 6.50 06/15/2013 Yes NR NR C - -
ABY.GK ABITIBI CONSOLIDATED COMPANY OF CANADA 6.00 06/20/2013 Yes NR NR C 99.259 -
ABY.GP ABITIBI CONSOLIDATED COMPANY OF CANADA 8.38 04/01/2015 Yes NR NR C 100.000 -
ABY.GD ABITIBI CONSOLIDATED INCORPORATED 7.40 04/01/2018 No NR NR C 99.287 -
BOW.GC BOWATER INCORPORATED 9.38 12/15/2021 No NR NR C 99.250 -
ABY.GE ABITIBI CONSOLIDATED INCORPORATED 7.50 04/01/2028 No NR NR C 99.184 -
ABY.GF ABITIBI CONSOLIDATED INCORPORATED 8.50 08/01/2029 Yes NR NR C 99.449 -
ABY.GI ABITIBI CONSOLIDATED INCORPORATED 8.85 08/01/2030 Yes NR NR C 99.983 -
Search Criteria
Bond Type: Corporate Symbol: abwtq
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Two add'l links for information on ABWTQ - FYI
http://secfilings.nyse.com/files.php?symbol=abh
http://www.streetinsider.com/SEC+Filings
I am checking now, but I believe that Lord A. sold their shares.
Interesting share trading the past couple of days. Take note of the $Lumber chart. Do we go higher or Reverse?
Probably a good idea to keep an eye on the Futures Market
Lumber Futures, Soft Pulp and Hardwood Pulp, as well.
It is my understanding that if July Lumber Futures hit $300 before that contract expires, you might see large derivative losses.
Look for continued unwind of the shorts -- three earthquakes were not really expected. Demand from Chile alone over the next three years may keep lumber futures from fallening back on a sustained basis. Although you may see gap filling as required.
ABWTQ -- Gov't of Canada to Relax Foreign Ownership
News release does not specifically deal with ABWTQ, but the Union that is responding to the "Press Article" is one of the Union's that negotiates with Abitibi-Bowater.
I think the main thrust of the article is correct in that if the Canadian Telecom Industry is opened up (largely due to the new digital age -- internet, TV, Satellite etc.), then there is a good chance that the Forestry Sector could be included in the relaxed Foreign Takeover Restrictions that are mentioned.
http://www.newswire.ca/en/releases/archive/March2010/03/c6731.html
More Bond Games from 8:58 am
Data was obtained during a flash at 8:59 am
Updated: 3/2/2010
Corporate Bond Search Results
Tuesday, March 02, 2010
Ratings Last Sale
Include in
Watchlist Bond Symbol
Issuer Name
Coupon
Maturity
Callable
Moody's
S&P
Fitch
Price
Yield
BOW.GB BOWATER INCORPORATED
9.00 08/01/2009 No NR NR C 100.000 -
ABY.GB ABITIBI CONSOLIDATED INCORPORATED
7.88 08/01/2009 Yes NR NR C 99.882 -
BOW.GK BOWATER INCORPORATED
4.32 03/15/2010 Yes NR NR C 100.000 -
ABY.GH ABITIBI CONSOLIDATED INCORPORATED
8.55 08/01/2010 Yes NR NR C 99.781 -
ABY.GN ABITIBI CONSOLIDATED COMPANY OF CANADA
7.75 06/15/2011 Yes NR NR C - -
ABY.GO ABITIBI CONSOLIDATED COMPANY OF CANADA
4.82 06/15/2011 Yes NR NR C - -
BOW.GA BOWATER CANADA FINANCE CORPORATION
7.95 11/15/2011 Yes NR NR C - -
BOW.GD BOWATER INCORPORATED
9.50 10/15/2012 No NR NR C 99.636 -
BOW.GJ BOWATER INCORPORATED
6.50 06/15/2013 Yes NR NR C - -
ABY.GK ABITIBI CONSOLIDATED COMPANY OF CANADA
6.00 06/20/2013 Yes NR NR C 99.259 -
ABY.GP ABITIBI CONSOLIDATED COMPANY OF CANADA
8.38 04/01/2015 Yes NR NR C 100.000 -
ABY.GD ABITIBI CONSOLIDATED INCORPORATED
7.40 04/01/2018 No NR NR C 99.287 -
BOW.GC BOWATER INCORPORATED
9.38 12/15/2021 No NR NR C 99.250 -
ABY.GE ABITIBI CONSOLIDATED INCORPORATED
7.50 04/01/2028 No NR NR C 99.184 -
ABY.GF ABITIBI CONSOLIDATED INCORPORATED
8.50 08/01/2029 Yes NR NR C 99.449 -
ABY.GI ABITIBI CONSOLIDATED INCORPORATED
8.85 08/01/2030 Yes NR NR C 99.983 -
Search Criteria
Bond Type: Corporate Symbol: abwtq
Quotes delayed at least 15 minutes. Market data provided by Interactive Data.
Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions.
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More on the Naked-Short Settlement Posted Last Week
Re: $4.2 Trillion Naked Short Settlement 49 minutes ago
i read about it 4 years ago..you need to know what you are looking at..naked shorting is a dirty dirty secret...that is ready to be exposed .kaboom
usdgrad95
$4.2 Trillion Naked Short Settlement 27-Feb-10 11:56 pm
money are being held - FYI
http://cmkxunofficial.proboards.com/inde...
lgrass29
Re: $4.2 Trillion Naked Short Settlement 28-Feb-10 08:35 am
CMKM has 1.9M acres of mineral rights in the richest area of the world (Saskatchewan) in Canada where the PTR, RTP, NEM BHP are interested in.
Bankers and hedge funds ran this company to the ground and the corrupt SEC revoked this company. The assets were sold to China and the $4.2 Trillion was the price!
reylee19677...
Re: $4.2 Trillion Naked Short Settlement 48 minutes ago
The naked short shares could be in a few trillions and the company has the proof. The valuation based on the float and assets...the float could be very small and the assets are considered to be huge and the bad guys must have settled but the money is being held up by the government.
reylee19677...
Re: $4.2 Trillion Naked Short Settlement 28-Feb-10 10:09 am
700 billion shares naked shorted...does that figure sound familiar?..hhmmmm
usdgrad95
Re: $4.2 Trillion Naked Short Settlement 38 minutes ago
you mean the media in the US ,will report on this ..who are the hedges and banks run by ,who controls the media ,do you think that little religious sect that is in the business of organ harvesting for prfit ,is gonna report on naked shorting and getting caught.think again
usdgrad95
Re: $4.2 Trillion Naked Short Settlement 1 minute ago
assets are the key
usdgrad95