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Wednesday, October 01, 2008

Goldman Sachs cuts Crosstex (XTXI) to a sell. Stock is down nearly 4 dollars.

7 comments:

Anonymous said...

GLORY!

Anonymous said...

XTEX -12% on 40,000 shares. The markets are dysfunctional.

GS needs to downgrade itself to Sell.

Anonymous said...

Is XTEX going down the tubes? -18% now...

Anonymous said...

What is interesting is the higher oil prices through July had a drag on the economy similar to a tax increase, that spurred demand destruction. The combination of demand destruction and lower ( but still high ) oil prices should ease inflation and add some spending money to consumers.


HS

Anonymous said...

XTEX and XTXI will have to cut their distributions by the end of 2009. They need equity to shore up their balance sheet but with a 15% yield, it will be dillutive.

Anonymous said...

Now that speculators cannot short financials, they'll turn their attention to other sectors.

Anonymous said...

"XTEX and XTXI will have to cut their distributions by the end of 2009. They need equity to shore up their balance sheet but with a 15% yield, it will be dillutive."

Why? XTEX has no meaningful maturities until 2011???