In his latest blog, Matt sings the praises of ETNs and argues that the risk of losing money is “vanishingly small”.

Matt’s argument is that “most ETNs offer daily redemptions at net asset value, meaning that (even ignoring the quoted market) an investor of size (50,000 shares in the case of iPath ETNs) can sell out of the product within 48 hours and get the full net asset value of the note from the issuer.”

In other words, even if you become concerned about the credit risk of the issuer and there is insufficient liquidity in the secondary market for you to trade, you can get out of a position by selling it back to the ETN issuer.

I agree with Matt that the tax treatment of ETNs gives them a huge advantage for US investors (ETNs are taxed at long-term capital gains tax rates and only on a deferred basis

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Las Vegas CRWENewswire.com is pleased to announce a stock highlight on Ballantyne Strong, Inc. (NYSE Amex: BTN), Hawaiian Electric Industries, Inc. (NYSE:HE), Ambac Financial Group, Inc. (NYSE: ABK) Sign up to receive FREE Stock-PR alerts from CRWENewswire.com at http://www.crwenewswire.com/?p=2546

Ballantyne Strong, Inc. (NYSE Amex: BTN), formally known as Ballantyne of Omaha, Inc., a provider of motion picture projection, digital cinema and cinema screen equipment and cinema services, today reported improved financial results for the second quarter (Q2) ended June 30, 2009. Q2 2009 net revenues rose 44% to $19.6 million from net revenues of $13.6 million in Q2 2008. Net income increased to $0.9 million, or $0.07 per diluted share, in Q2 2009 compared to a net loss of $0.1 million, or ($0.01) per diluted share, a year-ago. About Ballantyne Strong, Inc. Ballantyne is a provider of motion picture projection, digital cinema projection and specialty lighting equipment and services.

The board

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Laboratory Corp. of America Holdings (LH)

Laboratory Corporation of America® Holdings, a S&P 500 company, is a pioneer in commercializing new diagnostic technologies and the first in its industry to embrace genomic testing. With annual revenues of $4.5 billion in 2008, over 28,000 employees worldwide, and more than 220,000 clients, LabCorp offers clinical assays ranging from routine blood analyses to HIV and genomic testing. Laboratory Corporation of America Holdings was founded in 1971 and is headquartered in Burlington, North Carolina.

Web site at: www.labcorp.com

Recent News:

Laboratory Corporation of America® Holdings (NYSE:LH) today announced the successful completion of its acquisition of Monogram Biosciences, Inc. LabCorp acquired Monogram pursuant to a cash tender offer followed by the merger of a wholly-owned subsidiary of LabCorp with and into Monogram.

 

Senior Housing Properties Trust (SNH)

Senior Housing Properties Trust, a real estate investment trust (REIT), primarily invests in senior housing properties in the United States.

Web Site:

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Nortel Cutting 3,200 Jobs; Agrium Makes Hostile Bid for CF Industries; Ambac Posts $2.34 Billion 4Q Loss; Obama Picks Locke; Oil Rallies; SanFran Chronicle Could Close

Nortel Networks Corp. (NRTLQ) said it plans to slash 3,200 jobs as part of the company’s efforts to climb out of bankruptcy protection. “With the unprecedented economic environment and resultant impacts on revenues, significant changes are required to regain our financial footing,” Chief Executive Officer Mike Zafirovski said in a statement, Bloomberg reported. “Tough decisions are being made to restructure the company and work towards a successful emergence from creditor protection.” Seed and fertilizer producer Agrium Inc. (AGU) made an unsolicited $3.6 billion bid for CF Industries Holdings Inc. (CF), ...

Alex’s Notes: Personally, I find it comical that anyone even goes to the DTCC for data anymore. I mean seriously, we are looking to the company responsible to ensure the proper clearing of shares of stock on the US market, who clearly is in cahoots with major brokerages allowing massive naked shorting and letting them get away with it free and clear?

Ya..that makes alot of sense. Fox guarding the henhouse.

The current corruption in the financial centers of the USA is truly despicable.

You want to know how big the credit derivative problem really is? Go research what the Bank of International Settlements (BIS) in Basel Switzerland has to say about it .

Try over $500 TRILLION in notional value.

This beast who lurks in the shadows of the financial world is the boogey man under the bed that no one wants to acknowledge or talk about. But this boogey man is real. And

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MBIA Inc. (MBI) and Ambac Financial Group, Inc. (ABK) have been at the center of the credit and housing crisis as insurers of sub-prime, sub-A loans, and prime housing loans. Analysts continue to drop the earnings estimates and the stocks themselves fall to new lows weekly. MBIA Inc MBIA fell to a new 52 week low on Friday as the market continued to struggle and the bond insurer saw its earnings estimates decreased during the most recent week. Surprisingly the company has not slashed its dividend which is still at ...

By Jennifer Yousfi Managing Editor Moody’s Investors Service on Friday downgraded the debt rating of key bond insurers MBIA Inc. (MBI) and Ambac Financial Group Inc. (ABK), increasing expectations that more write-downs are in the offing for the U.S. financial-services sector, which has already written off nearly $400 billion in losses. Moody’s Investors Service, subsidiary of Moody’s Corp. (MCO), downgraded MBIA to A2 from Aaa, and Ambac from Aaa to Aa. The downgrade caused MBIA shares to shed more than 13% of their value, with an 86-cent decline to close at $5.59 on Friday. Ambac shares fared a bit better, gaining 2 cents to close at $2.05. Moody’s downgrades follow similar reductions from Standard & Poor’s and Fitch Ratings Inc. Many even question MBIA’s very survival, as it lacks the $2.6 billion in capital needed to regain its ...