Wednesday, August 19, 2009

Intraday action

AlphaNinja - Markets spiking hard, on a rumor I'll discuss in a moment.

Among gainers this morning is American Axle, as the company's actions appear to leave room for equity holders (stock, instead of debt) to share in a recovery. What a concept!

Among losers is Green Mountain Coffee, down a bit as one brokerage frets over the brand's performance at Costco and Walmart. With a pricey stock like theirs, near-flawless execution is a requirement.

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