The Faber Report


  Monday, 8 Aug 2011 | 11:22 AM ET

Tepper's Appaloosa Exits Financials

Posted By: David Faber
It looks like David Tepper, the manager of the $15 billion hedge fund Appaloosa, is no longer one of the bigger bulls when it comes to the financials. »Read more
  Thursday, 21 Jul 2011 | 11:44 AM ET

Express Scripts Purchase of Medco Filled With Anti-Trust Risk

Posted By: David Faber
Express Script’s deal to acquire Medco Health Solutions for roughly $29 billion in cash and stock is being applauded by ESRX shareholders, but the key constituency on whether this deal will happen is likely to be the Federal Trade Commission. »Read more
  Wednesday, 13 Jul 2011 | 3:34 PM ET

Kinetic Concepts is Acquired By Private Equity

Posted By: David Faber
The company’s agreement to be purchased by a consortium led by private equity firm Apax Partners followed what I am told was a dalliance that was begun by Apax and resulted in more or less exclusive talks deigned to complete a deal. »Read more
  Monday, 11 Jul 2011 | 1:07 PM ET

Pressure Mounts Under News Corp, Threatens Acquisition of BSkyB

Posted By: David Faber
A phone hacking scandal continues to rock the house of Rupert Murdoch, sending shares of News Corp plummeting as well as those of its acquisition target BSkyB. »Read more
  Friday, 8 Jul 2011 | 12:59 PM ET

Williams Companies Poised to Strike on Southern Union?

Posted By: David Faber
It looks like it may be a busy weekend for Williams Companies, its advisors and its board of directors as the company seems likely to move ahead with an offer to top Energy Transfer's latest $40-a-share offer for Southern Union, according to sources. »Read more
  Thursday, 7 Jul 2011 | 1:53 PM ET

Flood of Facebook Shares For Sale

Posted By: David Faber
In recent days there has been a pronounced increase in offers of Facebook shares, according to the participants in the burgeoning world of private sale shares. »Read more
  Tuesday, 5 Jul 2011 | 4:18 PM ET

DoubleLine's Gundlach on the 'Schizophrenic' Trading Market

Posted By: David Faber
It may have been missed given the strong rally in equity prices last week, but certain asset classes within the credit markets had their own rally last week, and for some it was a big one. The ABX index, which tracks the performance of different vintages of mortgage backed securities and is widely used as a barometer for so called subprime mortgages, was up an astounding 20 percent last week, while junk bonds also rallied sharply »Read more
  Tuesday, 28 Jun 2011 | 10:38 AM ET

Activist Investor Nelson Peltz Buys Back Into Kraft

Posted By: David Faber
If at first you succeed, why not try again. That seems to be the thinking of activist investor Nelson Peltz, who has recently purchased 12.2 million shares in Kraft Foods, a stock he has trafficked in frequently over the last four years, usually with good results. »Read more
  Friday, 24 Jun 2011 | 10:18 AM ET

Williams Swoops In on Energy Transfer's Bid for Southern Union

Posted By: David Faber
Earlier this year, when Williams Companies approached Southern Union to talk about acquiring the company, the two sides didn't make much headway, say people familiar with the approach. »Read more
  Thursday, 16 Jun 2011 | 11:47 AM ET

A World Awash in Debt

Posted By: David Faber
Regardless of whether there is another Greek “save”, preventing the actual default that still seems inevitable, the fact remains that adding debt to try and solve a debt crisis is a moronic approach when your interest costs already exceed your tax revenues (as is currently the case in Greece). »Read more