Tag Archives: Nasdaq

Loudon boatmaker Malibu Boats sets IPO price

malibu boats

Malibu Boats, the Loudon, Tenn.-based maker of watersports towboats, is the latest area company to go public.
The boat maker has set its IPO price at $14 per share and is scheduled to start trading today on the Nasdaq market under the symbol MBUU.
The company is looking to raise more than $100 million.
With the economy gaining strength and consumer confidence improving, Malibu’s timing looks good.
After toughing out the Great Recession, Malibu has seen its earnings rise in recent years as it has rolled out a number of new products. Malibu’s wakeboarding Surf Gate technology received its second patent last September.
Raymond James and Wells Fargo Securities are acting as joint book-running managers for the offering. SunTrust Robinson Humphrey and BMO Capital Markets are acting as co-managers.
Click here for  more on Malibu from Seeking Alpha.
Click here for a Wall Street Journal Marketwatch report on Malibu.

Bernanke to Washington: Do something helpful

Federal Reserve Chairman Ben Bernanke today called on Congress and the President to take Jackson hole.jpgthe lead in boosting the economy.

The chairman’s much anticipated message to Washington was clear: set aside short-term political interests and do something helpful for a change.

In a fit of optimisim, investors responded favorably. The Dow, Nasdaq and S&P 500 were all up in afternoon trading.

The $4 trillion question is whether the pols will take Ben’s message to heart. Given the current tone of the presidential primary campaign, that seems unlikely. I hope I’m wrong and the pols can agree on a plan to light a fire under the economy. 

Photo: Federal Reserve chairman Paul Bernanke, right, and Jean-Claude Trichet, of France, president of the European Central Bank, take a morning stroll on the veranda of the Jackson Lake Lodge, before the morning session of the Economic Policy Symposium at Jackson Hole in Moran, Wyo., Friday, Aug. 26, 2011. (AP Photo/Reed Saxon)

Is merger the answer for National Coal?

Knoxville-based coal producer National Coal Corp. is taking a look at possible merger with other coal companies to help it bounce back from a tough year.

National Coal announced Tuesday it has hired a financial advisor to examine merger and other financial alternatives.

The company has battled hard in recent months to restore balance to its balance sheet. It has sold millions of dollars worth of assets and is fighting to avoid delisting by Nasdaq.

Merger is only one strategic option. It will be interesting to see what the advisor recommends.

National Coal financial statement.