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| Friday, November 20, 2009 |
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ANALYSIS
March 2, 2009
Sagging Index no longer reflects what’s going on in the market, some say, Replacements? Google it, to start.
March 2, 2009
Downward price spiral will actually boost the cost of capital for most companies. CFOS, take note.
March 2, 2009
The latest bailout at AIG could be a preview of how the president will deal with Wall Street.
March 2, 2009
No corporate defaults. Big debt offerings. Percolating CP issuance. Things may be looking up in the capital markets.
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October 2, 2008 9:40 AM ET
Times are rough for investors. But one indicator shows that finance executives are more worried than ever about their company stock prices. Officials at NASDAQ’s market intelligence desk say they’ve seen a massive influx of CFOs, investor relations executives and even CEOs calling to ask about price movements in their companies’ stock. Executives have also been checking to see how their stock matches up against competitors, whether rumors are moving the price of their shares, and what the exchange expects at the opening of trading. The flood of calls began after the Securities and Exchange Commission promulgated its ban on short-selling on Sept. 19 and spiked again on Monday after the House failed to pass the bailout legislation, according to Anu Sharma, managing director at the market intelligence desk. The NASDAQ desk typically fields about 3,000 calls a month from CFOs. In the last 10 days or so, it has been getting about 30% more inquiries than usual. In the hour after the bailout package failed Monday, the desk received 110 calls from anxious finance executives. “These are nervous times,” Mr. Sharma said, noting that CFOs now have to worry about whether their companies are being caught up in market manipulation or panic, regardless of whether their company fundamentals are strong. “[CFOs] are nervous because they understand the fundamentals of their company, but they are worried about panic selling.…They’re out there trying to run their business, not analyze stock.” The last two weeks have been a whirlwind for executives, from the 700- point plunge in the Dow after the House bailout vote, to liquidity concerns surrounding the short-selling ban. Many stocks are at 52-week lows, according to experts. “These moves have been so dramatic…they are not used to seeing 8% to 10% to 15% moves in one day,” Mr. Sharma said. The market intelligence desk has extended its hours to handle the extra calls, he added. “We’re here late a lot now.”
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