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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?


To: Ditchdigger who wrote (12606)10/7/2005 9:22:06 AM
From: Galirayo  Respond to of 23958
 
Good Morning Ditch ... The weather has been odd here.

It's all over temp range. It went from 60's to 80's and going back to the 60's.

Silver ... beats me .. but I am looking for the Utilities to go back up .. unless Dividends went out of fashion. :)

biz.yahoo.com

biz.yahoo.com

Here's the Sector Average List.
biz.yahoo.com

TXU is listening. It's Up 9.5% Pre Market.
finance.yahoo.com



To: Ditchdigger who wrote (12606)10/7/2005 10:23:59 AM
From: Galirayo  Respond to of 23958
 
[ACLI] Barge and TowBoats ??? IPO ??

finance.yahoo.com

American Commercial Lines sets sail
Billionaire Sam Zell owns a stake in the barge maker

By Steve Gelsi, MarketWatch
Last Update: 9:38 AM ET Oct. 7, 2005

NEW YORK (MarketWatch) -- American Commercial Lines held the distinction Friday of being the first shipping firm this fall to price at the top end of its range for its stock market debut.


The maker of barges and towboats used on the Mississippi River and the Gulf of Mexico offered 8.25 million shares at $21 a share in a bid to raise $173.3 million.

FinancialsMore ACLInews, chart, profile) pricing came in at the high end of the expected range of $19 to $21 with underwriter Merrill Lynch

Sal Morreale, an IPO trader from Cantor Fitzgerald, said the deal drew interest partly because of the role of billionaire Sam Zell, who owns about 32% of the company.

"The average life of a barge is 25 years, and theyre in the replacement mode right now," he said. "This isn't your traditional shipping company. And with all the problems with Katrina, you'll see increased business."

Shares of Jefferson, Ind.-based firm are due to start trading on the Nasdaq Friday.

At the same time, Wall Street is becoming wary of other shipping firms.

A planned debut of Golden Energy Marine will awaits pricing.