Ethanol Consolidation: Let the Games Begin

As we have reported in the past, the ethanol industry is undergoing some extended hardships and ethanol players' margins will be squeezed as the sector works through these trying times. Since summer, we have seen oversupply plague the industry and the price of corn continues to rise. If ethanol was indeed going to replace gasoline…

Working Class Heroes to Save Wall Street

Photo:Manuel Van De Weijer, Creative Commons, Flickr After a brutally volatile year in financial markets, U.S. stocks are now back to levels from the start of the year. Wall Street's dreary performance in 2007 will inevitably lead to a lot of soul searching among investors, and a lot of questions remain unanswered. Now that the…

This Month in Citizen Joe – December 2007

Lawmakers will be doing their x-mas shopping last minute this year as they scramble to tie up all the year's legislative loose ends in three weeks. Top of the list are '08s spending bills, which Dems look like they'll bundle into a massive omnibus bill (leaving out the already passed Defense bill). Given the president's…

Is Christmas Wasteful?

The Times' Style section yesterday discussed the newest addition to the Christmas holidays: the green Grinch. This is the environmentally obsessed family member who is "bent on eradicating the wasteful materialism of the holidays." Focusing on the usual Grinch-like grievances of excessive consumption, this person puts an environmental spin on the most negative aspects of the Christmas…

The High-Purpose Company (Part 1)

As we push further into the 21st century, the corporate world continues to evolve in front of us. Themes such as sustainability and corporate social responsibility (CSR) gain traction as we witness first-hand how the business world is (or is not) embracing new ways of thinking. In her book, The High Purpose Company, Christine Arena defines this…

Politicians Take Solar’s Sexy Back

Good ol' Jay Leno once said that "politics is just show business for ugly people". And thanks to the politicians the sexy solar sector just got ugly. Solar investors have been driving up valuations as if solar was going to take over the world tomorrow, and these investors have now been forced to wake up…

John Thain to Takeover at Merrill: I’m a Buyer

Well it turns out Joe Capone is wrong after predicting to me months ago that John Thain would run Citigroup after Prince was fired.  But he's not that wrong because after watching Thain's interview on CNBC I'm sure he was offered the job and chose Merrill instead. Knowning that Thain worked in Mortgage Backed Securities…

Don’t be Fooled by Recent Rally

The last two days have all the markings of a bear market short-covering rally.  The sectors that have the most negativity have rallied the most: Retail and Financials.  If this were a real transition from a negative selling market to a rally, the sectors that have been leading would continue to lead: Technology and Materials. …

This Week in Citizen Joe (11/13/2007)

Photo:dbaron, Creative Commons, Flickr The House gets to one of the many mortgage bills sifting through Congress – all part of an effort to respond to the nation's still jittery credit market. HR 3915 would set new lending standards for mortgage brokers and backers, requiring – for one – that brokers make sure families can…

WFR Uber Allies

The world’s largest solar system integrator, Germany’s Conergy Energy (CGY.DE – Last trade €27.24), recently pre-announced that they will miss their earnings estimates due to delays in receiving solar modules. It therefore comes as no surprise that the company plans an assertive shift to more in-house production, and MEMC Electronic (WFR – Last trade $71.16)…