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In Brief: Capital One Financial, James River Coal

Fitch Ratings looks favorably upon Capital One Financial 's announcement yesterday to issue an estimated $753 million in common stock. Stated the rating agency in a press release: "Fitch views the capital raise as as an opportunistic move to take advantage of the unique market conditions. … While home price depreciation and rising unemployment levels will continue to pressure COF credit metrics and profitability, Fitch believes the impact will continue to be offset by the company's stable liquidity profile and solid capital base, both of which will benefit further from the equity issuance." More .

Investors were underwhelmed by James River Coal 's announcement that it would issue roughly $50 million in new stock: The company's stock price fell more than five percent in trading yesterday. As one blogger for Stockhouse.com noted, "The company's cash flow from operations has been negative for the past three quarters, and its long-term debt exceeds $166 million. The new stock will yield around $50 million at yesterday's closing price. That will keep operations going, but that's about all." More .