Billionaire Investor Stanley Druckenmiller Says the Next Financial Crisis could be Worse than the Last (Business Insider)
Stanley Druckenmiller has just about had it with historically low interest rates. In his mind, they’ve infected financial markets and led to exorbitant pockets of debt all around the world. More than anything, he’s worried about the reckoning that’s bound to transpire as global central banks make borrowing more expensive. The billionaire investor said as much during a recent interview with RealVision.com seen by Business Insider. The chat was conducted by Kiril Sokoloff, the chairman and founder of 13D Global Strategy & Research, and a market legend in his own right.
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Sears Still Very, Very Much Screwed, Eddie Lampert Still Very Much Going To Be Better Than OK (DealBreaker)
As we’ve explored on numerous occasions, even though Eddie Lampert has rather thoroughly run Sears into the ground in his dozen years at the helm, he’s done so in a way that ensures that, in the end, Eddie Lampert will be fine, even if Sears is not. And so it is with his latest plan to “save” the unsalvageable retailer, restructuring its debt while slashing yet another 200 more stores and whatever else people will buy, preferably including Kenmore and the good parts of Sears Home Services, which by the way Eddie Lampert would very much like to buy. And wouldn’t you know it, but the first part of this newest plan is to cut Eddie Lampert a $1 billion check?
Sears Shares Fall Below $1 as Key Debt Deadline Nears (CNBC)
Shares of Sears Holdings fell below $1 for the first time on Friday morning, hitting an all-time low as the department store chain is running out of time to stay afloat. The stock was last down roughly 9 percent to trade around $0.92. The tumble follows a proposal earlier this week from CEO Eddie Lampert’s hedge fund, ESL Investments, to restructure the company in order to avoid bankruptcy.
Insider Selling: At Home Group Inc (NYSE:HOME) Major Shareholder Sells 4,591,824 Shares of Stock (FairFieldCurrent.com)
At Home Group Inc (NYSE:HOME) major shareholder Starr Investment Holdings, Llc sold 4,591,824 shares of the firm’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $33.11, for a total value of $152,035,292.64. The transaction was disclosed in a filing with the SEC.
Insider Selling: Marijuana Company Of America Inc (OTCMKTS:MCOA) Insider Sells 1,335,000 Shares of Stock (MareaInformativa.com)
Marijuana Company Of America Inc (OTCMKTS:MCOA) insider Donald J. Steinberg sold 1,335,000 shares of Marijuana Company Of America stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $0.03, for a total transaction of $40,050.00. The sale was disclosed in a legal filing with the SEC.
Insider Buying: GCP Applied Technologies Inc (GCP) Major Shareholder Acquires $2,222,095.28 in Stock (FairFieldCurrent.com)
GCP Applied Technologies Inc (NYSE:GCP) major shareholder Dalbergia Investments Llc purchased 84,298 shares of GCP Applied Technologies stock in a transaction dated Friday, September 21st. The shares were purchased at an average cost of $26.36 per share, with a total value of $2,222,095.28. The transaction was disclosed in a document filed with the SEC.
Insider Selling: T2 Biosystems Inc (TTOO) Insider Sells 138,144 Shares of Stock (MareaInformativa.com)
T2 Biosystems Inc (NASDAQ:TTOO) insider Thomas J. Lowery sold 138,144 shares of the firm’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $6.18, for a total value of $853,729.92. Following the transaction, the insider now directly owns 57,873 shares of the company’s stock, valued at approximately $357,655.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Insider Buying: CONSOL Coal Resources LP (CCR) Director Buys 17,400 Shares of Stock (PressOracle.com)
CONSOL Coal Resources LP (NYSE:CCR) Director Consol Energy Inc. purchased 17,400 shares of the business’s stock in a transaction that occurred on Tuesday, September 18th. The stock was acquired at an average price of $17.84 per share, for a total transaction of $310,416.00. The purchase was disclosed in a document filed with the SEC.
