Archive for October 28th, 2008

Earnings Volume Tankers (CRDN, ACF, PRXL)

Three of the biggest losers today are from companies which gave dismal earnings are AmeriCredit (NYSE: ACF), Ceradyne Inc. (NASDAQ: CRDN), and Paraxel International Corp. (NASDAQ: PRXL).  Below is the brief synopsis for each:

Implosion at Britannia Bulk (DWT)

Britannia Bulk Holdings Inc. (NYSE: DWT) is an international provider of dry bulk shipping and maritime logistics services with a focus on transporting dry bulk commodities in and out of the Baltic region.  It has said that it expects to announce a significant net loss from the substantial decreases in dry bulk charter rates. that [...]

Traders Attack Goldman Sachs & Morgan Stanley (GS, MS)

Shares of Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) have hit skid row again on no real news.  We have inquired around and the culprit is traders attacking the stock.  They are using these as hedges on other positions, but there may be more the concerns of this “investment bank turned banker” business [...]