Word: bleak
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Dates: during 2000-2009
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...fate of the newspaper industry mounted, Gannett's shares plunged from over $9 in mid-January to $1.85 in mid-March. Two weeks ago, Ariel Investments announced that it had increased its investment in Gannett from 4.8% of the company to 12.5%. That puzzled Wall St because of the bleak future the industry faces. The news about Ariel caused the stock to rally from $2.69 to $4.06 in four days, which probably pushed a number of short sellers out. Weak earnings knocked the stock back down to $3.09 giving those gambling against the firm some renewed hope...
...odds of a GM deal with bondholders may be more bleak. As part of its offer to bondholders, presented Monday, GM is offering to exchange 225 common shares for each $1,000 of principal amount of bonds. The offer covers $27.5 billion of bonds, and based on the recent price of GM stock would result in bondholders receiving less than 40% of a bond's original face value. GM's chief executive Fritz Henderson described the terms of the offer as "stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage...
...Palm (PALM) which is about to release its Pre, the company's last shot at viability. The fact that the Pre will be sold by Sprint (S) which has lower customer satisfaction rating than most short order take-out restaurants makes the future of the little company look bleak. RIMM's stock, on the other hand, has traded up even more than Apple's has this year. That can be attributed to either hope over reason, or the fact that a second smartphone company is doing well, which leaves even less room at the top of the handset market during...
...result of his bleak youth in a Japanese prison camp, Ballard, who died on April 19 at 78, was convinced that 20th century life was a frail shell of pretense over strong, dark, violent impulses. His prose had a lucid, often clinical air, but his characters were weird iconic figures lost in their obsessions over sex, drugs, media, massive disasters, car crashes, dead pop stars, hydrogen bombs and fatal medical experiments...
...outlook for South Africa that bleak? It depends on your time frame. Zuma's checkered career, the behavior of his supporters and the contrast to the iconic Mandela inevitably reflect poorly on him and his party. His victory in deposing Mbeki was first and foremost an internal factional victory and, outside that ANC constituency, his election will not be viewed so positively, either for South Africa or all Africa...