Archive for March, 2008
What if Mortgage resets are at lower rates?
This is strictly my own story and observation, but I have not seen any argument to this effect in the financial news so I thought I would throw it out. As the Fed cuts interest rates, the rates for those with adjustable rate mortgages may not see their payments go up, or they even my [...]
Thornburg Mortgage sells its soul to stay afloat
According to the WSJ, Thornburg Mortgage has reached a agreement with 5 of its lenders to freeze margin calls at this time. From what I read the price is very high:
The 5 lenders will receive warrants for up to 27% of the outstanding common stock at 1¢ per share.
The dividend will be suspended for [...]
Silver Wheaton Acquires Life of Mine Silver Production
Silver Wheaton (SLW: 11.73 +0.05 +0.43%) has purchased the silver production from another mine. It looks like this mine could provide 600,000 oz. of silver per year for 25 years. Over the last couple of years SLW has significantly the amount of silver mine production they control. The goal is the purchase and resale of [...]
New Energy Index - NEX - Weekly Update
Once again it is time for the the update of last week’s performance of the New Energy Index-NEX. The NEX covers about 90 global renewable energy companies in 7 sectors. The NEX is the benchmark for the PowerShares Global Clean Energy Fund ETF (PBD: 25.936 +0.386 +1.51%).
Last week NEX ended the week at a positive [...]
Companhia Paranaense de Energia - year end results
The company listed above, more commonly called COPEL (ELP: 17.83 +0.05 +0.28%) released 4th quarter and 2007 year end results yesterday. I have not seen anything yet on Yahoo Finance, so I went to the website and dug out the earnings report press release. Fortunately, they have an English version, unfortunately all results are in [...]
