IMCLONE - IMCL
Publicly-traded biotechnology firm that markets products in oncology. In 2002, IMCL made international headlines following the firm’s founder and CEO Sam Waksal was incriminated for insider trading. Briefly after Waksal’s indictment, domestic diva Martha Stewart was also charged of insider trading. Stewart obtained the details from Waksal and her own broker, stating Waksal tried to discard $5 million worth of his shares in the firm on insider information. Stewart traded her shares on data Wasakal attempted to sell his.
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Clone Fund
Mutual fund emulating the performance or technique of a bigger and successful mutual fund. A mutual fund company set it up when the original fund b ...
Detariffing
Removing the pricing regulations of an industry, set forth by tariffs created by a regulatory body. It allows an industry to price its goods at mar ...
GDP Gap
Forfeited output of a nation’s economy as the result of the failure to generate sufficient jobs for all those willing to work.
Going Private
Transaction or series of transactions shifting a publicly traded company into a private entity. Once private, the shareholders can no longer trade ...
Savior Plan
Savior Plan occurs when the management and employees borrow money and then invest in their failing company in an attempt to save it.
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SEE FOREX TUTORIAL
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Digesting Financial Statements: System
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