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Bunge (BG)’s Negative Cash Flow and Credit Delinquencies
BG
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+48.91%
in
79 days
(closed on 10/02/08)
Even The Analysts upgraded Bunge (BG) because Bunge raised guidance for FY08 above consensus and recently Bunge also acquires Tate & Lyle PLC. But you should consider fleeing away from the shares. The reason is Bunge has no cash and accordingly, it used its shares as currency to buy Corn Products (CPO). Each share of Corn Products common stock will be exchanged for 0.4207 of a Bunge common share, and if this average closing price is equal to or less than $108.90, each share of Corn Products common stock will be exchanged for 0.5142 of a Bunge common share. Unfortunately, Bunge also absor...
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Bunge (BG)’s Negative Cash Flow and Credit Delinquencies
BG
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+15.19%
in
32 days
(closed on 07/15/08)
Even The Analysts upgraded Bunge (BG) because Bunge raised guidance for FY08 above consensus and recently Bunge also acquires Tate & Lyle PLC. But you should consider fleeing away from the shares. The reason is Bunge has no cash and accordingly, it used its shares as currency to buy Corn Products (CPO). Each share of Corn Products common stock will be exchanged for 0.4207 of a Bunge common share, and if this average closing price is equal to or less than $108.90, each share of Corn Products common stock will be exchanged for 0.5142 of a Bunge common share. Unfortunately, Bunge also absor...
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Bunge Ltd.
BG
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-39.87%
in
524 days
<> Bunge Limited engages in the agriculture and food business. It operates in three segments: Agribusiness, Fertilizer, and Food Products. The Agribusiness segment engages in the purchase, storage, transport, processing, and sale of agricultural commodities that include grains and oilseeds, such as soybeans, sunflower seeds, rapeseed or canola, wheat, and corn; and commodity products. This segment sells its products to feed manufacturers, wheat and corn millers, and oilseed processors; and livestock, poultry, and aquaculture producers that use its products as animal feed ingredients; and edib>...
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Bunge Ltd.
BG
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-3.95%
in
5 days
(closed on 06/29/08)
Bunge Ltd. Merger of the Day: Bunge (BG) Acquires Corn Products (CPO) <> <> <> | <> Today, Bunge Limited (NYSE: BG ) and Corn Products International, Inc. (NYSE: CPO ) entered into a definitive agreement in which Bunge will acquire Corn Products in an all-stock transaction. The aggregate transaction value is approximately $4.8 billion, including assumption of approximately $414 million of Corn Products' net debt. <> <> In afternoon trading, Corn Products i>>>>>>...
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a comeback since bottoming
BG
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-36.99%
in
600 days
Bunge Limited ( BG ) shares have been on quite a comeback since bottoming out below $84 on Mar 31. Since then, shares have risen above $104 and are currently applying significant pressure to a key level of resistance. Much of the recent price strength has been built upon the unbelievable third quarter results posted by Mosaic on Apr 4. The recent surge in the company's stock price has broken the down trend that had been pressuring shares since Jan 15. With Bunge set to report its second quarter results on Apr 24, there should be a fair amount of volitility in this stock going into the ...
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From the Blogosphere
Before the bell: Investors' caution reigns amid earnings season
Filed under: Before the bell, Earnings reports, eBay (EBAY), AT and T (T), Black and Decker (BDK), Bristol-Myers Squibb (BMY), Chubb Corp (CB), Chipotle Mexican Grill'A' (CMG), Economic data, Bunge Ltd. (BG) Despite largely positive corporate earnings reports, investor caution has set upon Wall Street. For the third straight day stocks are set to move into negative territory, with futures showing the three major U.S. indexes heading lower ahead of Thursday's opening bell.
Some blamed Wednesday's near 1% drops in the Dow Jones industrial average and the S&P 500 on a late-day sell-off driven by...
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Trading Radar for 10/22: AT&T (T), McDonalds (MCD), Amazon.com (AMZN), 3M (MMM), Dow Chemical (DOW), UPS (UPS) Report
The Trading Radar highlights key earnings and economic announcements for tomorrow's trading session:<u>Before Market Opens:</u>Economics:8:30am ET- Initial Jobless Claims – Street Sees 517K
Earnings:Akeena Solar (NASDAQ: AKNS) – consensus loss $0.10Alaska Air Group, Inc. (NYSE: ALK) – consensus EPS $2.26Alexion Pharmaceuticals (NASDAQ: ALXN) - consensus EPS $0.21AT&T (NYSE: T) - consensus EPS $0.50Bunge Limited (NYSE: BG) – consensus EPS $1.47Cabot Microelectronics(NASDAQ: CCMP) – consensus EPS $0.36Cash America International (NYSE: CSH) – consensus $0.72CONMED (NASDAQ: CNMD) – consensus EPS...
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Fund Performance Period 10
Bookkeeping: Stopped Out of 2nd Bunge (BG) Short
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We were stopped out of our Bunge (BG) short position on the 2nd go around this morning. The first short attempt we covered much of the position for a quick 5% gain (the cover executed last Friday) - this time around we tried to add some short exposure Tuesday, and made the position larger again by adding about a 1.5% exposure.
Our stop loss was $64.20 and we were taken out by a morning spike to $64.66 (we exited at $64.52). Therefore this 4% loss more or less nets out against last week's 5% gain. The stock has since drifted downward for the remainder of the day but what's done is done. E...
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Bookkeeping: Adding Some Short Exposure
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As we said in the weekend summary, we wanted to get some of our hedges back on once the market bounced to some degree; did not expect it to happen so soon but here we are. Overall game plan here is to get more balanced (we were as high as 4:1 long v short this morning - actually 5:1 considering some SPY calls) the higher we go towards S&P 1080, Then if required - we'll bail on the short side if the S&P 500 surges through that level as new highs would beckon on the path to S&P 2500 (in nominal terms). All that requires for that wonderful scenario to happen is some more dismembering of the...
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