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Thomas Kirchner

Thomas Kirchner, who blogs at The Deal Sleuth, tracks mergers, buyouts and bad deals that get little or no coverage in the mainstream business press and leave shareholders taken advantage of. The author also manages the Pennsylvania AvenueEvent-Driven Fund, which specializes in merger arbitrage and other event-driven investment strategies. Mr. Kirchner's blog is not affiliated with the Pennsylvania Avenue Funds.

Visit his site: The Deal Sleuth

Thomas Kirchner's Latest Articles

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In Defense of Securities Class Actions
on Sep 25, 2008 about LUKOY.PK
Who's Letting Banks Invest in Fannie and Freddie Preferred Stock?
on Aug 28, 2008 about FRE, FNM
An Evaluation of the SEC’s Prohibition on Naked Short Selling
on Aug 15, 2008 about AZ, BAC, BCS
WaMu’s Cards: Restructuring Is About the Only One Left
on Jul 28, 2008 about WM
Will Lehman's or Regions' Problems Sink the Angelica Buyout?
on Jul 16, 2008 about LEH, AGL, RF
KeyCorp's Unfair Fairness Opinion of Max & Erma's Restaurants
on Jun 25, 2008 about MAXE, KEY
Restoration Hardware Class Action Payout Still Leaves Shareholders Short
on Jun 18, 2008 about SHLD, RSTO
American Capital Strategies Illustrates Private Equity Risks in Merisel Pull Out
on Jun 11, 2008 about ACAS, MSEL.PK
Trans World Entertainment: Insider Trading on Busted Buyout?
on May 13, 2008 about TWMC
Wilshire Enterprises' Management Must Clarify Its Intentions
on May 06, 2008 about WOC
Is Merger Arbitrage Dead (Again) as a Strategy?
on Apr 08, 2008
Beware of Secretive, Litigious State-Owned Banks
on Feb 29, 2008
SCPIE Shareholders Deserve Higher Hostile Bid
on Feb 20, 2008 about SKP, ACAP
Buyout of American Community Properties Trust Drags Out
on Feb 12, 2008 about APO
A Look at 130/30 Funds' Negative Alpha
on Feb 11, 2008
Image Entertainment Heads Back to the Auction Block
on Jan 29, 2008 about LGF, DISK
Patience Paid for Shareholders in Lukoil Litigation
on Jan 22, 2008 about LUKOY.PK
Why Is Wilshire's Sales Process Taking So Long?
on Jan 15, 2008 about WOC
Explaining the Hedge Fund December Performance Spike
on Jan 07, 2008
Executive Compensation 2.0: Porsche Leads By Example
on Dec 20, 2007 about POAHF.PK
Wilshire Enterprises: Management Has Delayed a Buyout Long Enough
on Nov 26, 2007 about WOC
Why is the IsoTis/Integra Merger Vote In Jeopardy?
on Oct 17, 2007 about ISOT, IART
Finish Line Unlikely To Walk Away From Genesco Purchase
on Sep 06, 2007 about FINL, GCO
W Holding Company Takes Excessive Hit On Inyx Bankruptcy
on Jul 20, 2007 about WHI
Upper Deck Deals a Tender Offer Card To Topps
on Jul 16, 2007 about TOPP
Newly Appointed Board Member Seth Hamot Should Revitalize CCA Industries
on Jul 02, 2007 about CAW
Inter-Tel Proxy Fight: Will Steve Mihaylo Beat The Clock?
on Jun 28, 2007 about INTL
Solengo Capital’s Blind Pool: An Indemnification Conundrum
on Apr 02, 2007
TNS Recapitalization To Benefit Shareholders - Not Private Equity
on Mar 30, 2007 about TNS
Amid Record Revenue, Netsmart Management Sees Buyout As 'Second Bite At The Apple'
on Mar 23, 2007 about NTST
Netsmart: Buyout's Not So Smart, Shareholder Revolt Looms
on Feb 27, 2007 about NTST
CCA Industries May Get Higher Buyout Price Following Activist's Attack
on Feb 26, 2007 about CAW

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Wall Street Breakfast - Sample Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Bank trio becomes duo. Wells Fargo (WFC) will become the largest U.S. bank by branches with its bid for Wachovia (WB), after Citigroup (C) withdrew from compromise negotiations late yesterday on concerns about the quality of some of Wachovia's assets. Wells Fargo, with a bid valued at $11.4B, expects the purchase to be completed by the end of the year, and denies it will have to absorb assets shakier than originally thought. Government considers next steps. As the financial crisis continues to worsen, the U.S. government is considering two dramatic steps to turn around, or at least slow, the damage: guaranteeing billions of dollars in bank debt and temporarily insuring all U.S. bank deposits. The moves, which would mark the government's most extensive intervention to date, are in discussion stages only. Credit stays frozen. As frozen credit markets refuse to thaw, the cost of default protection on corporate bonds reaches new global records amid investor concerns the credit crisis will trigger corporate failures as companies struggle to finance their businesses. Interbank lending remains limited, and borrowing from the Fed's expanded discount window continued its trend of setting new highs every week, as the total daily average rose to $420.2B vs. $367.8B last week. Oil demand withers. The International Energy Agency warned Friday worldwide oil demand... Email continues...
The Macro View - Sample Seeking Alpha - The Macro View Market Outlook An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Oil Price Oil Below $75: Increased Chance of OPEC Production Cuts by Money Morning Oil Down 48% from Highs by Bespoke Investment Group Oil & Gas Headed Lower as Economy Strikes Consumers by Michael Filloon Economy Long Term, Financials Look Good by Michael Filloon Round 3 of the Recession: Main Street by Paul Fekula Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Investing Ideas - Sample Seeking Alpha - Investing Ideas Cramer's Picks Farewell Financial Bear Raids - Cramer's Mad Money (10/14/08) by SA Editor Joan Wickham Better Picks - Cramer's Lightning Round (10/14/08) by SA Editor Joan Wickham Perhaps Industrials... Cramer's Stop Trading! (10/14/08) by SA Editor Joan Wickham Long Ideas Utilities Beginning to Generate Interest for Longs by Joe Kunkle The Long Case for Encore Capital by Value Investor Insight 2009: The Year of the Channel for SaaS Vendors? by Jeff Kaplan Two Global Infrastructure Investment Opportunities in ETFs by Investment U Market Behaves Sanely - Fast Money Recap (10/14/08) by SA Editor Joan Wickham Short Ideas Why Short Sellers Are the Heroes of Wall Street by Investment U Salesforce.com: Pricey and Coming Down Fast by Charlie Bottle Google: 3Q Results Reveal Chinks in the Armor by Mark Krieger Email continues...
Jim Cramer's Picks -
Sample

Better Choices - Cramer's Lightning Round (10/15/08)

by SA Editor Rachael Granby

Stocks discussed in the lightning round session of Jim Cramers Mad Money TV program,
Wednesday, October 15.

Bullish Calls:

Continental Resources (CLR) -- "This is a remarkable decline. All of the high quality ones are down so much, I can't go against it. This is where you pull the trigger.
3M (MMM) -- The moment this stock starts yielding 5%, I'm a buyer. Until then, keep your powder dry.

Bearish Calls:

Computer Sciences (CSC) -- This is a company that was going to be bought, but they passed up the chance. Now I don't want to buy it."
Annaly Mortgage (NLY) -- I think this is a business model that needs to borrow money. Definitively do not buy."
Northrop Grumman (NOC) -- You can't own the defense stocks right now. If I had to own one, I'd look at Lockheed Martin (LMT) with its good dividend.
Email continues...
Stocks & Sectors - Sample Seeking Alpha - Stocks & Sectors Internet eBay: Q3 Looks Good but Q4 Guidance Disappoints by Greg Feirman Is Google Feeling Lucky? by Sam Gustin Why Today Could Suck for Tech by Kevin Maney Media A Triple Financial Whammy Afflicts Newspapers by Ken Doctor Three Years On, Buying MySpace Looks Like One of Murdoch's Smartest Bets by Erick Schonfeld How Will Arbitron Fare in This Market? by Sreeni Meka Telecom Ten Ways to Invest in Louisiana by Stockerblog Earnings Preview: Electro-Optical Engineering by theflyonthewall.com Shared Docks Via WiFi All the Rage by Dean Bubley Financial Switzerland Strengthens Its Banks; Short Interest Remains Low by Jessica Johnson Reality Bites As Stocks Continue To Collapse by The Mole LIBOR Shows Worst Is Yet to Come for Credit Markets by Keith Fitz-Gerald Email continues...
Global Markets - Sample Seeking Alpha - Global Markets China An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy USANA Health Sciences Inc. Q3 2008 Earnings Call Transcript Perfect World Announces Share Repurchase Program by Trader Mark China: Hot Money Inflows Down, Nervousness Up by Michael Pettis India Indian Economy Has Much to Cheer About by Equitymaster India: RBI Cuts Cash Reserve Ratio by Equitymaster India: Markets Continue Downward by Equitymaster Japan Sanyo Enters Thin-Film Market, Goes Up Against Sharp by Greentech Media Asia Four International Dividend Stocks to Watch by David Hunkar Eastern Europe Reality Bites As Stocks Continue To Collapse by The Mole Email continues...
Alternative Energy Investing - Sample Seeking Alpha - Alternative Energy Alternative Energy Seven Stocks for an Impending Apocalypse by H.J. Huneycutt Solar Shares Under Pressure From Credit Crunch and Pricing by Eric Savitz Trina Solar Looks Good, Though Market Yawns by Trader Mark The Electric Car Market: Wise Energy Use Stocks by Tom Konrad Investing in the Power of the Sea
ETF Daily - Sample Seeking Alpha - ETF Daily Sector ETFs Too Early To Buy Homebuilders ETF by Larry MacDonald Utilities Beginning to Generate Interest for Longs by Joe Kunkle Two Global Infrastructure Investment Opportunities in ETFs by Investment U New ETFs First Trust Launches Infrastructure ETF with Global Reach by Index Universe Overview and Analysis of the Global Generic Drug Industry by Mike Havrilla Emerging Market ETFs Brazil Is the Best of BRIC by Carl T. Delfeld Playing the Market in Difficult Times by Jason Hamlin
The Daily Dispatch - Sample Seeking Alpha - Daily Dispatch Wall Street Breakfast Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby US Market An Outcry from Emerging and Developed Markets Alike by Jonathan O'Shaughnessy Wall Street Breakfast: Must-Know News by SA Editor Rachael Granby Housing & Real Estate Too Early To Buy Homebuilders ETF by Larry MacDonald Another 'Root Cause' That Isn't: Tumbling Home Prices by Tim Iacono Transcripts TrueBlue, Inc. Q3 2008 Earnings Call Transcript Polycom, Inc. Q3 2008 Earnings Call Transcript ETF Too Early To Buy Homebuilders ETF by Larry MacDonald
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