"'Never in my dreams did I think I would be able to manage real money as a college student,' Sofka, chief executive officer of the McCann Family Student Investment Fund, said. 'To take what we learn in the classroom and apply it like this is remarkable.'"
"On its conference call today, natural gas producer Chesapeake Energy (CHK) was pretty bullish on the outlook for natural gas (UNG).
They're expanding production and will continue to do so for years, and believe that gas production will come down 'in the months and quarters ahead', starting in the fourth quarter of 2009, and extending into an 'absolute trough of production some time in the first half of 2011.'"
"Goldman Sachs Group Inc., buoyed by better-than-expected earnings and a 54 percent gain in its stock price, raised $5 billion in a share sale to help repay $10 billion in government rescue funds.I should put a disclaimer here that SIMM does own Goldman.
The bank said today it sold 40.65 million shares at $123 each, 5.5 percent less than yesterday’s closing price of $130.15. The price was exactly the same level at which the bank last sold shares in September. Until last week, the shares hadn’t closed above $123 since Oct. 6.
Chief Executive Officer Lloyd Blankfein, 54, wants to refund money received from the U.S. Treasury’s Troubled Asset Relief Program in October to run his bank, which set a Wall Street pay record in 2007, without any limits on compensation."
