Catalyst Corner | E-Blast | Tuesday, July 20th
"Winning is the most important thing in my life, after breathing." - George Steinbrenner
 

In The News

- US Stocks Fall as Goldman Sachs, IBM Miss Revenue Estimates
- Home construction sinks to lowest level since Oct.
- Bank bonus tax cost cots Goldman Sachs $600m
- IBM, TI losses lead broad tech losses
- Nokia Siemens wins $7 bln US deal

Corporate Highlights

-Exxon Offers to Buy $2.7 Billion in XTO Debt
-Motorola’s Path to Breakup
-The Tax Man Cometh: H&R Block May Get Bid
-Nokia to Buy Motorola Unit for $1.2 Billion
-Reliance in Deal Talks With Quicksilver, Report Says
-BP Said to Canvass Investors on Possible Break-Up

Pair Trade of the Day

Long XCO, Short SPY
On July 19th, EXCO Resources, Inc. (NYSE:XCO) (“EXCO”) announced that its Board of Directors authorized a share repurchase program that enables EXCO to purchase up to $200,000,000 of its common stock. Any repurchases would be made in the open market, in privately negotiated transactions or in structured share repurchase programs, and may be made from time to time or in one or more larger repurchases.

The program does not obligate EXCO to acquire any common stock, or any particular amount of common stock, and the program may be modified or suspended at any time at EXCO’s discretion. The repurchases would be funded from available cash or borrowings under existing debt facilities. Click to view this pair.

About the Pair Tool
Our proprietary Pair Tool allows users to automatically compare fundamental data while displaying graphically historical trading relationships between any two US publicly traded securities a member selects.

Our Focus List

Our focus list contains companies with significant pending catalysts. Click the company name for additional information.

- VTKT.PK (VeruTEK Technologies Inc.)
- KXLAF.PK (Kodiak Exploration Ltd.)
- CERP (Cereplast, Inc.)
- OGRSF.PK (Oro Gold Resources Ltd.)
- JUHL.OB (Juhl Wind, Inc.)

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