Word: selling
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Dates: during 2000-2009
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...Veteran analyst Richard Bove of Rochdale Securities, who had been recommending Citi's shares since the summer, downgraded the stock on news that it was going to repay TARP from a "buy" to a "sell" rating. "What does it do for the company? Management can increase [executive] salaries," says Bove, referring to the fact that Citi will now be free of the government's compensation rules. "What else? Nothing...
...Nonetheless, the deal will be costly for Citi. In order to exit TARP, the bank will have to sell $20.5 billion in new shares. Analysts estimate the stock sale will lower the company's earnings per share by about 20%. "One of the basic problems for [Citigroup's] valuation is that it has too many shares as a result of its many rounds of capital raising and exchange offers," says analyst David Hensler, who follows Citi for research firm Creditsights...
Bringing Pandora to Life Despite Cameron's success with Titanic - the highest-grossing movie of all time and winner of a record-tying 11 Oscars - Avatar was not an easy sell to his home studio, 20th Century Fox. Since 1997, Cameron had been largely absent from the Hollywood scene, riding in submersibles, shooting documentaries and building new filmmaking toys. In 2005, Fox funded a $10 million, 5-min. prototype for the movie, but when Cameron delivered a 153-page draft of the script months later, the studio balked. Here was an ambitious project with a lot of risky elements, including...
...Emerged as a nationally known figure in the wake of her husband's confession. Launched a website, jennysanford.com, and applied to trademark her name in order to sell branded products such as clothing and mugs...
...medical-marijuana ordinance being debated is putting dispensaries under increased scrutiny. At the moment, the proposed ordinance would allow the facilities to accept monetary contributions for their services, a way of finessing the stipulation under state law that dispensaries remain essentially nonprofits. Currently all dispensaries stay in business by selling marijuana, a status that city attorney Carmen Trutanich and Los Angeles County district attorney Steve Cooley believe already violates the nonprofit requirement. According to their interpretation, recent court decisions have shown that marijuana collectives cannot sell the drug over the counter for a profit, although members can be reimbursed...