Word: sell
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...small Pro-SWIFT. Pro-SWIFT had an imprudently large fraction of its assets invested in a single Georgia wind farm, which was forced to shut down for two weeks over protests that its turbines were killing large numbers of local waterfowl. The resulting revenue loss forced Pro-SWIFT to sell assets in an effort to service its maturing short-term debt. Although only $10 billion of assets were liquidated, they fetched just 60 cents per dollar of book value. J.P. Morgan, in purchasing the assets, noted that, “Our more conservative financial policy puts us at a disadvantage...
...blatantly obvious to everyone that the SEC was politically motivated to bring this suit now so as to move the financial reform bill forward in the Congress. Whether true or not, that’s the perception—and we all know that people buy and sell stocks all the time based on perception and rarely on the reality. On the New York Stock Exchange we’d say, "Buy the rumor, and sell the news." The perception that Goldman Sachs and many, if not all, of the investment banks on Wall Street are crowded with evil, greedy...
Over the last month, the Fly entertained offers to sell the space to the Bee, the Chabad House at Harvard, and the Hasty Pudding Club, and hired Boston real estate management firm Colliers Meredith & Grew to help consider the bids. But in the end, the Fly decided to lease the building in order to retain ownership of the property and maintain an amicable relationship with what Powers called their “sister club...
...realized we could get what we needed without having to sell, and the Bee could get what it needed with a long-term lease,” he said...
...Club began considering offers to sell the building after the Bee served a notice of termination on their lease to the Fly, effective June...