TGB announced that they sold $45m of stock at $5.20 to raise money (Taseko Announces Bought-Deal Public Offering & Private Placement Financing to Raise Up to $45 Million). It was really strange as they had just said the day before how strong their cash flow was due to the high price of copper. Then why are they selling stock to raise additional $ at a price below market? Sound familiar? CHCG did the same thing 2 months ago, with adverse results. TGB traded down early today about 8% but ended up down under 2%.
LRCX kind of announced earnings this evening (Lam Research posts partial Q1 results). "Kind of" as they are doing a study on whether they will need to restate earnings due to options back-dating. Since the earnings were "kind of", I wasn't sure if they were "good". The stock did trade up AH.
AEO announced their same store sales were down about 2% (American Eagle Sales Drop in September). The stock dropped AH due to this news. I found this interesting as insiders bought a ton of AEO stock in September... clearly they had no insight on Sept. sales (of course they do have a limited window to buy). If they drop 2 to 3%, is that a buying opportunity? Sept is not exactly a critical shopping month.
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