Goldman Sachs Downgrades Frontier
at 2005-12-12 18:19:44
Frontier Airlines (FRNT) was downgraded to in-line from outperform this morning by Goldman Sachs. The stock is down sharply and back below $8 a share. Also, two Playboy playmates were arrested for public intoxication onboard a Frontier flight from Denver to San Antonio. I’m not sure if these two stories are related, but you never know.
Follow the link for the video of your judgmental local news broadcast.
Natural Gas Prices Soar to Record
at 2005-12-12 18:19:44
Thanks to a forecast for colder-than-normal weather, the price of natural gas soared to an all-time record high today. Natural gas for January delivery got up to $15.52 for 1,000 cubic feet. The price of oil is close to $61 a barrel. OPEC will be meeting next week, but production should remain high. As I see it, there’s no reason to stop now.
In Russia, the lower house of parliament voted to allow foreign ownership in Gazprom, the country’s natural gas monopoly, and the largest natural gas company in the world.
Coca-Cola to Fill American Caffeine Shortage
at 2005-12-12 18:19:44
In an effort to address America’s dangerously under-caffeinated population, Coca-Cola (KO) has announced the introduction of Blak, a new drink that combines coffee and Coca-Cola. Now Americans will be able to enjoy the relaxing benefits of caffeine throughout their entire day.
The drink will initially be tested on the French before a larger rollout to the United States. The French, however, seem unimpressed by the new mass-marketed consumer product from a giant American corporation:
Adeline Dulic, taking a mid-morning break, said: “I don't think it's a good idea. We are artisans in France, we are used to things like good coffee and fine wines, not things
The Profits No One Wanted
at 2005-12-12 18:19:44
In 1970, John Amos visited the World’s Fair in Osaka, Japan. When he got there, he was astounded by the number of people who walked around the crowded cities wearing surgical masks. Amos instantly recognized a golden business opportunity. Amos, along with his two brothers, ran a small insurance company based in Columbus, George called the American Family Life Assurance Co. He figured that if people in surgical masks won’t buy insurance, no one will.
For many years, American Family had been a pioneer in the insurance industry. They were the first company to offer cancer insurance. The company also decided to focus on insurance in the workplace. Almost all of its policies came from payroll deductions.
In 1974, the Japanese government awarded American Family a monopoly on Japanese cancer insurance, which is very rare for a gaijin. The only reason they got it was become no Japanese firms were interested. Today, 95% of all the listed companies in Japan offer A
Cool Links
at 2005-12-12 18:19:44
Here are some very good stock bloggers that I’ve been reading lately:
The Mess That Greenspan Made
The Stalwart
Abnormal Returns
Under the Counter
Naked Shorts
Check 'em out. I'll be here when you get back.
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