Word: stockely
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Many of those investments have lost money. The preferred shares the government purchased don't trade, but many of the Treasury-assisted banks already have existing preferred shares that do. And preferred-share experts say the stock that was issued to the government would likely carry similar prices to the company's existing offerings. What's more, the government has the right to trade its shares whenever it wants. If it were to do that now, it would surely be out taxpayer money...
...getting warrants from the banks that give it the right to purchase additional shares of the company equal to 15% of its investment. With a $10 billion investment, then, Treasury gets $10 billion in preferred shares and the right to buy an addition $1.5 billion in additional plain-vanilla stock - the kind regular investors would buy. The twist is that the government can buy those shares at a set price - an average of what the company's stock was trading at during the 20-day period prior to its initial investment. So if the bank's stock price rises from...
...warrants don't look too promising, either. The stocks of most of the banks the Treasury has invested in have fallen in the past two months, rendering the warrants worthless, at least for now. Some of the warrants may never have any value. Shares of Goldman Sachs, for instance, were trading at an average of $113 in mid-October. That means the stock would have to climb nearly 60% from its current $71 before the government would be able to turn a profit exercising its Goldman warrants...
...country. Within weeks of Reid's arrival, two people were killed and hundreds injured in antigovernment riots in Bangkok. Protesters occupied the offices of beleaguered Prime Minister Somchai Wongsawat, and then, on Nov. 25, stormed the capital's airport. Tourists and investors are fleeing the country, the stock market is tanking. The famous Thai smile is fading fast. A Bangkok pollster calculated that the nation's "Gross Domestic Happiness Index" measured a mere 4.84 out of 10, the lowest for almost three years. Cheer up, Peter Reid? He's probably the only happy man left in Thailand...
Today, Russia's finances look a lot less robust. The government budget was based on oil at $70 per barrel, way above the current ? level, and it will consequently swing into deficit next year for the first time since 2001. The stock market has dropped more than 70% in the past year, as the nation's business élite dumped stocks to repay the huge loans they took out to finance acquisitions in Russia and abroad. Capital is fleeing - investors have pulled about $190 billion out of Russia since August - and the ruble is under pressure...