Cramer has signed a lucrative new employment contract with TheStreet.com (TSCM), the financial web site that he co-founded. According to a filing with the SEC, Cramer will be paid $1.3 million this year, $1.56 million next year and $1.872 million in 2010. He also gets a $100,000 signing bonus - think of it as mad money - and will be eligible for a bonus of 75% of his salary. He also gets 300,000 restricted stock units that vest over five years. And he gets six weeks of vacation.
Eric Savitz (Barron's) submits:
If Jim Cramer seems even more animated than usual on “Mad Money” this week, it will be for good reason.
Cramer has signed a lucrative new employment contract with TheStreet.com (TSCM), the financial web site that he co-founded. According to a filing with the SEC, Cramer will be paid $1.3 million this year, $1.56 million next year and $1.872 million in 2010. He also gets a $100,000 signing bonus - think of it as mad money - and will be eligible for a bonus of 75% of his salary. He also gets 300,000 restricted stock units that vest over five years. And he gets six weeks of vacation.
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I-Banks: Level Three Disclosures, but What's the Real Risk?
read moreGoldman Sachs (GS), Lehman Brothers (LEH) and Morgan Stanley’s (MS) holdings of illiquid assets are on the rise. While disclosure of these non-traded assets is meant to shine a light on bank black boxes, investors are rightly sceptical of the values banks cook up. Their subjective nature means the figures are of limited use.
Read the breakingviews article here.
FP Trading Desk submits:
Goldman Sachs (GS), Lehman Brothers (LEH) and Morgan Stanley’s (MS) holdings of illiquid assets are on the rise. While disclosure of these non-traded assets is meant to shine a light on bank black boxes, investors are rightly sceptical of the values banks cook up. Their subjective nature means the figures are of limited use.
Read the breakingviews article here.
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Perfect World Living Up to Its Name
read morePerfect World Co. (PWRD) is living up to its name in terms of the last two quarters' results. It has averaged an 85.5% surprise over that time. New game launches are driving revenue and earnings growth as is a growing Chinese economy. Two of the six covering analysts have lifted their numbers over the past month. The stock is very attractively valued at a PEG ratio of 0.7.
Perfect World Co. operates as an online game developer and operator in China. It primarily develops three-dimensional (3D) online games based on its proprietary Angelica 3D game engine and game development platform.
Zacks.com submits:
Perfect World Co. (PWRD) is living up to its name in terms of the last two quarters' results. It has averaged an 85.5% surprise over that time. New game launches are driving revenue and earnings growth as is a growing Chinese economy. Two of the six covering analysts have lifted their numbers over the past month. The stock is very attractively valued at a PEG ratio of 0.7.
Perfect World Co. operates as an online game developer and operator in China. It primarily develops three-dimensional (3D) online games based on its proprietary Angelica 3D game engine and game development platform.
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Yahoo!, Google Deal: Will It Move Microsoft?
read moreYahoo’s (YHOO) running a test with Google (GOOG) that will see it outsource up to 3% of its search. Too bad it’s only for two weeks.
This is a transparent negotiating tactic that smells of desperation. Steve Ballmer, Microsoft's CEO (MSFT) should end this sloppy tango by sweetening the bid, or making it all-cash now.
FP Trading Desk submits:
Yahoo’s (YHOO) running a test with Google (GOOG) that will see it outsource up to 3% of its search. Too bad it’s only for two weeks.
This is a transparent negotiating tactic that smells of desperation. Steve Ballmer, Microsoft's CEO (MSFT) should end this sloppy tango by sweetening the bid, or making it all-cash now.
Complete Story »
Trading 1Q Earnings: Expecting Nucor to Beat
read moreNext week, 1st quarter earnings releases pick up a little steam as more than 200 companies are set to tell us about their financial health. We have evaluated each company’s prospects of either beating or missing Wall Street’s expectations.
Nucor Corp (NUE) is one company that passed through our earnings filter as a possible upside surprise candidate. Nucor and its affiliates manufacturer steel products and is North America’s largest recycler.
The Correct Call submits:
Next week, 1st quarter earnings releases pick up a little steam as more than 200 companies are set to tell us about their financial health. We have evaluated each company’s prospects of either beating or missing Wall Street’s expectations.
Nucor Corp (NUE) is one company that passed through our earnings filter as a possible upside surprise candidate. Nucor and its affiliates manufacturer steel products and is North America’s largest recycler.
Complete Story »
Raymond James Analyst: Sell Ivanhoe Despite Jump in Share Price
read moreShares of Ivanhoe Mines Ltd. (IVN) jumped after the company agreed to sell its 42% stake in Jinshan Gold Mines Inc.[JSE/TSX], whose main asset, the Chang Shan Hao gold mine in Mongolia, began producing output last year. The C$218-million deal gives Ivanhoe the right to buy up to 1.5 million Jinshan shares at C$2.50 each until June 26, 2009.
Ivanhoe is awaiting approval from the government of Mongolia to develop the giant Oyu Tolgoi copper and gold project with partner Rio Tinto (RTP). But delays come with more spending by the Vancouver-based company. To make things worse, the government is proposing to take a greater control of mining assets.
FP Trading Desk submits:
Shares of Ivanhoe Mines Ltd. (IVN) jumped after the company agreed to sell its 42% stake in Jinshan Gold Mines Inc.[JSE/TSX], whose main asset, the Chang Shan Hao gold mine in Mongolia, began producing output last year. The C$218-million deal gives Ivanhoe the right to buy up to 1.5 million Jinshan shares at C$2.50 each until June 26, 2009.
Ivanhoe is awaiting approval from the government of Mongolia to develop the giant Oyu Tolgoi copper and gold project with partner Rio Tinto (RTP). But delays come with more spending by the Vancouver-based company. To make things worse, the government is proposing to take a greater control of mining assets.
Complete Story »
Outrageous Opportunities in Upstream MLPs
read morePublicly traded Master Limited Partnerships (MLPs) are great income vehicles which avoid both federal and state corporate income taxes by passing through expenses and income to the investor. Depending on the MLP, quarterly distributions may be either partially, or entirely, tax-deferred. There are some limitations to holding them in tax-deferred accounts, such as IRAs, so consult a tax advisor before you buy.
The MLP structure requires a steady and dependable revenue stream. For this reason, MLPs have traditionally been oil and gas pipeline companies, such as Kinder Morgan Partners (KMP) and Oneok Pipelines Partners (OKS). However, in recent years, a number of upstream Oil and Gas producing MLPs have come to market. These companies use extensive hedging to assure a steady revenue stream from an otherwise unpredictable commodity market.
Jens Heycke submits:
Publicly traded Master Limited Partnerships (MLPs) are great income vehicles which avoid both federal and state corporate income taxes by passing through expenses and income to the investor. Depending on the MLP, quarterly distributions may be either partially, or entirely, tax-deferred. There are some limitations to holding them in tax-deferred accounts, such as IRAs, so consult a tax advisor before you buy.
The MLP structure requires a steady and dependable revenue stream. For this reason, MLPs have traditionally been oil and gas pipeline companies, such as Kinder Morgan Partners (KMP) and Oneok Pipelines Partners (OKS). However, in recent years, a number of upstream Oil and Gas producing MLPs have come to market. These companies use extensive hedging to assure a steady revenue stream from an otherwise unpredictable commodity market.
Complete Story »
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