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Potential Intrepid Potash (IPI) Trade Has $20.40 Breakeven...
...Intrepid Potash Inc. closed Wednesday's trading session at $24.80.
In the past year, the stock has hit a 52-week low of $22.47 and 52-week high of $40.22. Intrepid Potash (IPI) stock has been showing support around $24.37 and resistance in the $25.61 range. Technical indicators for the stock are . For a hedged play on Intrepid Potash (IPI), look at the Mar '12 $22.00 covered call for a net debit in the $20.40 area.That is also the break-even stock price for this trade. This covered call has a duration of 121 days, provides 17.74% downside protection and an assigned return rate of 7.84% for an annualized return rate of 23.66% (for comparison purposes only). Intrepid Potash (IPI) has a current trailing average dividend yield of 0%.
Apple's Announcement Will Be A 'World-Changing Event'
Apple will for the first time make artificial intelligence accessible to the masses:
"Make no mistake: Apple’s ‘mainstreaming’ Artificial Intelligence in the form of a Virtual Personal Assistant is a groundbreaking event. I’d go so far as to say it is a World-Changing event."
The iPhone 3GS was not powerful enough to handle Siri without limitations. The new iPhone will likely be powerful enough.
Yahoo has been contacted by potential bidders, including private equity firm Silver Lake, for part or all of the Internet company, the Wall Street Journalreported Thursday, quoting unnamed sources.
Yahoo hasn't met with Silver Lake, the newspaper reported. Representatives of both companies wouldn't comment on the report.
According to the report, some private-equity firms that are considering whether to pursue a deal for Yahoo have privately indicated they wouldn’t make a play for the company unless its Asian assets were sold, making Yahoo smaller and easier to purchase.
The newspaper reported that at a regularly-scheduled board meeting on Wednesday, Yahoo directors discussed the company’s internal operations under interim Chief Executive Tim Morse, who replaced Carol Bartz last week after she was fired by independent directors.
No major decisions were made about the future of the company at the board meeting, the newspaper said, quoting a person familiar with the matter. Board members also have discussed the possibility of shifting the company’s investor base or making strategic acquisitions, one person said.
.... Societe Generale Chief Executive Frederic Oudea says the French bank is adapting to a "new world" after the summer crisis, adding that the company is braced for any further cut in liquidity.
General Electric says it would pay $3.3 billion to buy back preferred shares held by Warren Buffett's Berkshire Hathaway, a key step in the conglomerate's recovery from the financial crisis.
GE will drop NOW, watch. Moreso if Warren skates on this redemption (about $50/minute ?)....much like the plane trip he took when GS was attempting to Redeem Preferreds'...GE will take a huge turd drop, and GE knows this......pay attention!!! :)
Someone remind the board when these preferreds ARE redeemed.
.... the stock has hit a 52-week low of $24.16 and 52-week high of $40.22. Intrepid Potash (IPI) stock has been showing support around $32.52 and resistance in the $36.46 range. Technical indicators for the stock are Bullish. For a hedged play on Intrepid Potash (IPI), look at the Dec '11 $33.00 covered call for a net debit in the $30.33 area. That is also the break-even stock price for this trade. This covered call has a duration of 99 days, provides 11.13% downside protection and an assigned return rate of 8.80% for an annualized return rate of 32.46% (for comparison purposes only). A lower-cost hedged play for Intrepid Potash (IPI) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Intrepid Potash (IPI) Jan '13 $17.50 call and selling the Dec '11 $33.00 call for a total debit of $14.90. The trade has a lifespan of 99 days and would provide 5.07% downside protection and an assigned return rate of 4.03% for an annualized return rate of 15% (for comparison purposes only). Intrepid Potash (IPI) has a current trailing average dividend yield of 0%. [THA-Seven Summits Research]
Business Insider CEO Henry Blodget this week made an offer...
...via its website to allow Yahoo to acquire the company for $150 million. From there, they ask for Yahoo to appoint them as acting CEO and enact their plan.
Blodget explains their plan will,”unlock the value embedded in Yahoo’s clobbered stock, and it will restore compelling organic growth to Yahoo’s core business.” The plan is focused on the long term in order to “fix Yahoo.” While they are not getting involved with advisors to pitch, Business Insider hopes (possibly with tongue firmly in cheek) that Yahoo will consider their idea.
OPENWAVE CLAIMS APPLE, RIM INFRINGE ON ITS PATENTS
Openwave Systems files complaints with the International Trade Commission against Apple and Research In Motion, alleging the companies infringed on patents tied to howmobile devices communicate over the Internet.....(?)
BP, RELIANCE COMPLETE $7.2B INDIAN NATURAL GAS ALLIANCE
BP will pay Reliance $7.2 billion for a 30% stake in 21 oil and gas leases and the two companies will form a 50-50 joint venture to build infrastructure and market gas produced from the leases,
Buffets recent 'quotes' alone will be the 'OFFICIAL' turning point of the century...
....and just not for GE...imo
Warren Buffett: The Super-Rich Have Been Coddled Long Enough By A Billionaire-Friendly Congress
He said Congress seems bent on protecting him and other wealth Americans from taxes as if "we were spotted owls or some other endangered species," but added they can do their part.
"My friends and I have been coddled long enough by a billionaire-friendly Congress," he writes. "It’s time for our government to get serious about shared sacrifice."
WARREN BUFFETT CALLS BS ON TAX BS: Taxing Billionaires More Won't Hurt The Economy
The most respected investor and capitalist on the planet, Warren Buffett, took to the pages of the New York Times this morning to bust a myth that has dominated political discourse in recent months:
The idea that raising taxes on super-rich people would hurt the economy.
Buffett observes that his own personal taxes as a percent of his income have plummeted in the past decade, to all-time lows. He observes, as he has before, that he pays a much lower tax rate than his secretary. He calls out the absurdity of hedge-fund managers and other professional investors playing "long-term capital gains" rates on short-term trading profits.
And then he takes aim at the biggest rationale for preserving these astonishing tax breaks: The claim that, if taxes on deca-millionaires and billionaires were increased, these super-rich Americans would stop investing, thus clobbering the economy and hurting job growth:
Back in the 1980s and 1990s, tax rates for the rich were far higher, and my percentage rate was in the middle of the pack. According to a theory I sometimes hear, I should have thrown a fit and refused to invest because of the elevated tax rates on capital gains and dividends.
I didn’t refuse, nor did others. I have worked with investors for 60 years and I have yet to see anyone — not even when capital gains rates were 39.9 percent in 1976-77 — shy away from a sensible investment because of the tax rate on the potential gain. People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
When presented with these facts, those who argue against tax increases on the super-rich--or, even more absurdly, for more tax cuts--often point to President Ronald Reagan, observing that his tax cuts for the wealthy helped usher in a long economic boom.
This ignores the point that Reagan also raised taxes. And it ignores how high tax rates on super-rich people were when Reagan cut them: In 1980, the top bracket was a startling 70%. It also ignores how Bill Clinton raised taxes and took the US budget from the perpetual deficits of the Reagan years to a surplus. It ignores how George Bush's tax cuts helped plunge the budget back into a deficit and lead to the worst recession since the Depression. It ignores how the US prospered all through the 1950s and 1960s, when marginal tax rates were super-high. And so on.
In short, it ignores almost all the economic data we have. And it appears to be based on a rigid ideology--almost a religion--rather than common sense.
Buffett, by the way, isn't proposing a blanket increase on today's entire top tax bracket (those making over $379,150, many of whom protest against the idea that they are "rich.") Buffett is suggesting the implementation of two new brackets--one for taxpayers making over $1 million, of whom there are 237,000 in the country, and one for taxpayers making over $10 million, of whom there are only 8,000.
In other words, Buffett's tax-increase-on-the-super-rich would affect 1 in 1,253 Americans, less than 1/10th of 1% of the population.
Do you really think that would clobber the economy?
"The most respected investor and capitalist on the planet"
GE Capital....backdoor operations for Dairy Queen (look for privite investors acquiring loans under this umbrella)...a great way to expand and stay private....Buffet would never take 'The Queen' public....or would he? NOT !!!....imo
About 45,000 unionized workers at telecommunications giant Verizon walked off the job Sunday after contract talks stalled over the weekend, the company and union leaders said.
Intrepid Potash Inc. sold more potash and received higher prices for its fertilizers in the second quarter, the company said Tuesday.
The mine operator, based in Denver, said it sold between 220,000 and 230,000 tons of potash in the quarter ended June 30, after selling 190,000 to 200,000 tons in the previous quarter. It sold 129,000 tons in the same quarter last year.
Its average net sales price rose by about $20 per ton from the first quarter, to between $455 to $465 per ton, the company said.
Sales were helped by increased processing capacity and new marketing campaign, Intrepid said.
Intrepid produced as much as 215,000 tons of potash in the second April-to-June period, after producing up to 240,000 tons in the first three months of the year, the company said.
Intrepid is the nation's largest producer of potash, a potassium salt used primarily in fertilizers. The company calculates its average net sales prices by subtracting shipping costs from overall sales revenue, then dividing that amount by the number of tons sold.
Intrepid boosted production of Trio, a specialized fertilizer made from langbeinite ore. Langbeinite contains sulfur and magnesium in addition to potassium.
Intrepid produced 40,000 to 50,000 tons of Trio, compared with 25,000 to 35,000 tons in the first quarter. It sold 35,000 to 45,000 tons of the fertilizer, compared to sales of 45,000 to 55,000 tons in the previous period.
The average net price for Trio also increased by about $20, to between $215 and $225 per ton.
The company noted that last month it received a permit needed to build a new langbeinite processing plant near Carlsbad, N.M. Intrepid said it has started construction, and expects to complete the project early next year.
Also last month, federal regulators ended the public comment period on a draft environmental review for a separate proposed mining project in the area, Intrepid said. The company expects a final decision on that project, called the HB Solar Solution Mine, in the first quarter of 2012.
Intrepid is set to release its second-quarter financial results after the market closes on Aug. 3.
Intrepid shares jumped $1.32, or 4 percent, to $32.95 Tuesday
MusclePharm Corp. confirmed Wednesday it has signed Philadelphia Eagles quarterback Michael Vick to a three-year, $1.55 million endorsement deal.
MSLP
.027
:)
cnbc in 10 minutes
Vick's deal with MusclePharm is guaranteed for two years, with an option for a third year, and it includes substantial bonuses based on the quarterback reaching the Pro Bowl and the Eagles making the playoffs and also the Super Bowl.
Vick's Pro Bowl and postseason bonuses would begin at $25,000, MusclePharm executives said in a release.
The ease with which Vick works with MusclePharm executives would help determine whether or not the third year is picked up. Vick also would receive $100,000 in MusclePharm stock per year, and base compensation would be $200,000 in the first two years and $250,000 in the third
Intrepid Potash Trading Near $30.45 Resistance Level
Posted: Monday, June 20, 2011 8:44 AM EDT
Intrepid Potash (NYSE:IPI) closed Friday's unsure trading session at $29.01. In the past year, the stock has hit a 52-week low of $19.08 and 52-week high of $40.22. Intrepid Potash (IPI) stock has been showing support around $28.05 and resistance in the $30.45 range. Technical indicators for the stock are Bearish.
For a hedged play on Intrepid Potash (IPI), look at the Dec '11 $29.00 covered call for a net debit in the $25.41 area. That is also the break-even stock price for this trade. This covered call has a duration of 180 days, provides 12.41% downside protection and an assigned return rate of 14.13% for an annualized return rate of 28.65% (for comparison purposes only).
A lower-cost hedged play for Intrepid Potash (IPI) would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the Intrepid Potash (IPI) Jan '12 $25.00 call and selling the Dec '11 $29.00 call for a total debit of $2.60. The trade has a lifespan of 180 days and would provide 4.86% downside protection and an assigned return rate of 53.85% for an annualized return rate of 109% (for comparison purposes only). Intrepid Potash (IPI) does not pay dividends at this time.
...New York, June 2nd (TradersHuddle.com) - Shares of Intrepid Potash, Inc. (NYSE:IPI) are trading very close to calculated resistance at $32.25 with the current price action closing at just $30.93 placing the stock near levels that make it difficult to buy.
Intrepid Potash, Inc. (NYSE:IPI) mines and markets potash for use as a fertilizer. It also offers by-products, including salt, magnesium chloride, and metal recovery salts. Intrepid serves agricultural, industrial, and feed markets. The company is based in Denver, Colorado.
Intrepid Potash's current stock range is defined by current calculated support defined at $28.80 and by the resistance level at $32.25, the stock is clearly over-extended from support, making it difficult to establishing new long positions at this level.
Traders don't have a clear entry point for Intrepid Potash, as the stock is well above support, however, as the stock pulls back towards $28.80 it will definitely provide a reference point to establish a trade. On the other hand if the stock decides to break above resistance level at $32.25 then traders will get an opportunity to enter Intrepid Potash stock by establishing a position as the stock moves to a higher range.
'Goldman Is Now A Bigger Credit Risk Than Citigroup'...(?)
Thanks to ongoing legal and reputational concerns, the CDS market suggests that Goldman is now a bigger credit risk than Citigroup -- once the poster child of a "bad bank."
Among other things, the company is waiting for a FEDERAL subpoena, and just got trashed by Matt Taibbi.
.........my last post here for aghd, and aghd long-time holders. After this week, your on your own. Still own ZERO shares, and might add a few this week.
'That’s right gang, we’re all going to be aunts and uncles in 4-5 months, ’cause Becky Quick’s got a bun in the oven. Congratulate her (in your mind) while watching Squawk Box next week and start thinking of names now. Also start saying a prayer now that labor will start at a more opportune time than while she’s on air, as I don’t think anyone here wants to find out if Joe and Carl can deliver a kid.'
Ford Motor (NYSE:F) closed Monday's frenetic trading session at $15.13. In the past year, the stock has hit a 52-week low of $9.75 and 52-week high of $18.97. Ford Motor stock has been showing support around $14.96 and resistance in the $15.40 range. Technical indicators for the stock are Bearish and S&P gives F a positive 4 STARS (out of 5) buy rating. For a hedged play on this stock, look at the Sep '11 $15.00 covered call for a net debit in the $14.00 area. That is also the break-even stock price for this trade. This covered call has a duration of 123 days, provides 7.47% downside protection and an assigned return rate of 7.14% for an annualized return rate of 21.20% (for comparison purposes only). A lower-cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the F Jan '12 $12.50 call and selling the Sep '11 $15.00 call for a total debit of $2.12. The trade has a lifespan of 123 days and would provide 3.37% downside protection and an assigned return rate of 17.92% for an annualized return rate of 53% (for comparison purposes only). Ford Motor does not pay dividends at this time. [ATU-Seven Summits Research]
NEW YORK (MarketWatch) -- Mississippi River flooding isn't expected to shut down Louisiana's petroleum complex, but the nine refineries that represent some 13.7% of U.S. capacity may face problems obtaining crude and shipping finished products, energy experts said Thursday.
Refiners, including a plant upstream in Mississippi, that collectively process some 2.4 million barrels a day expect to keep operating, but restrictions on river ship and barge traffic could limit their operations, the experts said.
Energy consultant Andy Lipow of Lipow Oil Associates said the National Weather Service currently forecasts the flooding to crest during the week of May 22 along the lower Mississippi.
"The first question about the flood is it a big, Katrina-like event -- that part is unlikely," Lipow said, referring to the giant 2005 hurricane that knocked out refineries along the Gulf of Mexico. "The biggest concern from a refinery facility standpoint is whether a levee is being breached."
Lipow said the flood may affect tanker traffic to and from refineries.
Tom Kloza, chief oil analyst for the Oil Price Information Service, said refiners are anticipating the flood may cut back on some operations because of logistical issues, but it's too early to say for sure.
"It's tough to run at full rates if you can't get some of the crude and feedstocks that get delivered by water and processed into gasoline and diesel, and it's tough to send barges to Florida, or southeastern ports of call if there are shipping restrictions on the river," Kloza wrote in an email.
A total of about 2 million barrels a day of refining capacity could be at risk of some impact from the flood, Kloza wrote.
The largest refinery in the region is Exxon Mobil Corp.'s Baton Rouge refinery, which has a capacity of about 505,000 barrels a day. It's also the second-largest U.S. refinery. Exxon spokesman Kevin Allexson said refineries in Baton Rouge and a 193,000-barrel-a-day facility in Chalmette, La., continue to operate.
Bill Day, a spokesman for Valero Energy Corp. , which operates nearly 400,000 barrels a day of refining capacity at its facilities in Memphis, Tenn., and St. Charles, La., said operations haven't been affected. "We're still operating and still closely monitoring the river, and don't expect disruptions to our operations," Day said. "We'll probably know more about some of the logistics issues early next week."
Royal Dutch Shell Plc said earlier this week it's preparing for rising waters, which could impact loading and shipping at two of its Louisiana facilities.
The second-largest refinery in the region is Marathon Oil Corp's Garyville, La., plant, which has a daily capacity of 436,000 barrels.
ConocoPhillips operates a 247,000-bpd refinery at Belle Chasse, La.
Barry Jeffery, a spokesman for Murphy Oil, said operations at its 120,000 barrel-a-day Meraux, La., refinery remain normal.
"We continue to monitor the river levels very closely," he said. "We do not anticipate any impact on our operations."
Louisiana Gov. Bobby Jindal has said that the Alon USA Energy Inc. refinery in Krotz Springs, which has a capacity of 80,000 barrels a day, could be shut down if the Morganza flood gate is opened, as early as Saturday, according to reports.
Alon spokesman Blake Lewis said Krotz Springs Refinery operating normally, employees are monitoring conditions and adjust operations as needed.
'On May 4, NHTSA's ODI upgraded the investigation to an engineering analysis, typically a prelude to a full recall.'
Just the Facts: •NHTSA said the fuel tank in older Ford F-150 pickups could drop to the road, causing a fire hazard. •One or both of the steel straps holding up the fuel tank and attaching it to the truck frame can corrode and break, the government said. •Among the incidents reported to NHTSA or Ford, 243 involved the fuel tank dropping below the vehicle and/or dragging on the ground, 95 involved fuel leakage, and nine included reports of sparks from the tank being dragged on the road.
......will this hit the FINANCIAL news wires next week ? or sooner ?
Just the Facts: •NHTSA said the fuel tank in older Ford F-150 pickups could drop to the road, causing a fire hazard. •One or both of the steel straps holding up the fuel tank and attaching it to the truck frame can corrode and break, the government said. •Among the incidents reported to NHTSA or Ford, 243 involved the fuel tank dropping below the vehicle and/or dragging on the ground, 95 involved fuel leakage, and nine included reports of sparks from the tank being dragged on the road.
The thought of a vehicle dragging its gas tank down the road while leaking fuel and generating a shower of sparks is frightening. And it is what allegedly happened to a number of Ford F-150 owners, according to the National Highway Traffic Safety Administration.
The agency says it is aware of 306 individual complaints about failures resulting from corrosion of the straps used to attach the fuel tanks to the chassis in F-150 pickup trucks from the 1997 to 2001 model years. The investigation includes about 2.7 million vehicles.
In part because of the problem’s potential severity, NHTSA says it is upgrading its previously-announced investigation to an engineering analysis.Such actions often lead to recalls, however, recalls for vehicles as old as the trucks in question are relatively rare.
NHTSA says one or both of the steel straps that hold up the fuel tank can corrode and break. If one strap breaks, the tank could tilt to one side and possibly make contact with the road. If both straps break the whole tank can fall to the pavement. It this happens while the truck is being driven it can cause fuel leaks, sparks and the potential for a fire.
The safety agency says it received reports of the problem from drivers directly and through Ford. Among the incidents reported to NHTSA or Ford, 243 involved the fuel tank dropping or dragging on the ground. Of those cases, 95 involved fuel leaks.
The agency says it knows of one case in which the leaking fuel started a fire that destroyed the vehicle. NHTSA says there have been no injuries related to the problem.
In a report published in September NHTSA said it had received 32 complaints about corroded tank straps and that it had opened an investigation into the alleged defect.
Intrepid Potash (IPI) Showing Bearish Technicals With Support At $28.94
Posted: Thursday, May 12, 2011 8:53 AM EDT
Intrepid Potash (NYSE:IPI) closed Wednesday's downbeat trading session at $29.74. In the past year, the stock has hit a 52-week low of $19.08 and 52-week high of $40.22. Intrepid Potash stock has been showing support around $28.94 and resistance in the $30.92 range. Technical indicators for the stock are Bearish. For a hedged play on this stock, look at the Dec '11 $25.00 covered call for a net debit in the $23.24 area. That is also the break-even stock price for this trade. This covered call has a duration of 219 days, provides 21.86% downside protection and an assigned return rate of 7.57% for an annualized return rate of 12.62% (for comparison purposes only). A lower-cost hedged play for this stock would use a longer term call option in place of the covered call stock purchase. To use this strategy look at going long the IPI Jan '12 $17.50 call and selling the Dec '11 $25.00 call for a total debit of $6.85. The trade has a lifespan of 219 days and would provide 18.12% downside protection and an assigned return rate of 9.49% for an annualized return rate of 16% (for comparison purposes only). Intrepid Potash does not pay dividends at this time. [FBB-Seven Summits Research]
'Animal Kingdom (30-1) – A longshot for a reason, Animal Kingdom would be a shocking winner of Kentucky Derby betting action with Robby Albarado getting the mount.'
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