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Daily Archives: November 8, 2007

Wal-Mart Discounting & Seasonality Drag October Sales (WMT)

Posted: November 8, 2007 at 7:52 am

Wal-Mart Stores, Inc. (NYSE:WMT) just posted same-store-sales figures for October.  On an ex-fuel basis the total sales came in +0.4%, which is broken down as 0.0% at Wal-Mart Stores and ...
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Endeavor’s ‘American Apparel’ Buyout Revised Higher (EDA)

Posted: November 8, 2007 at 7:35 am

Endeavor Acquisition Corp. (Amex: EDA) has announced an amended and restated merger agreement with American Apparel, the blank check company's acquisition target.American Apparel shareholder Dov Charney will now receive a ...
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A Triumph At Ford (F)

Posted: November 8, 2007 at 7:25 am

Ford (F) is supposed to be the weak sister of the Big Three. It does not have the financial backing of a hedge fund and friends the way that Chyrsler ...
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BHP Billiton (BHP) And Rio Tinto (RTP): Why Create A Giant?

Posted: November 8, 2007 at 7:13 am

BHP Billiton (BHP) has offered to buy rival Rio Tinto (RTP). BHP has a market cap of $230 billion. And Rio's is $115 billion. Both stocks are moving up on ...
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Gamestop

GameStop’s ‘New’ Competitor (GME)

Posted: November 8, 2007 at 7:10 am

It is always interesting when you see a pure-play monopoly, and out of video game stores it is arguable that GameStop (NYSE:GME) is a pure-play monopoly on a video game ...
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Kraft (KFR) PR Looks The Fool

Posted: November 8, 2007 at 6:43 am

"We have been searching for independent directors since we became a fully public company," asid Nancy Daigler, a spokesperson for Kraft (KFT).Well, of course you have been. But, Nelso Peltz ...
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Hansen Natural’s Convoluted Earnings (HANS)

Posted: November 8, 2007 at 6:18 am

Hansen Natural Corporation (NASDAQ:HANS) has posted an increase of 35.8% in gross sales to $277.8 million, while net sales for the quarter increased 38.4% to $247.2 million. Operating income was ...
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BHP Billiton (BHP) Offers To Buy Rio Tinto (RTP)

Posted: November 8, 2007 at 6:09 am

BHP Billiton (BHP), the world's largest miner, offered to buy metals company Rio Tinto (RTP) Quoted at MarketWatch BHP said: "BHP Billiton now confirms that it recently wrote to the ...
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Europe Markets 11/8/2007

Posted: November 8, 2007 at 6:05 am

Markets in Europe were off an average of about 1% at 6 AM New York time.The FTSE fell .8% to 6,333. Barclays (BCS) was down 4.7% to 489.25. BT (BT) ...
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Wall St. Faces Bleak Q4 Earnings

Posted: November 8, 2007 at 5:55 am

In the past month, fourth-quarter earnings expectations for companies in the S&P 500 have fallen by nearly half, according to Thomson Financial. So says the FT. The problem has several ...
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A Failed SIV Rescue Plan Would Be Huge Blow To Citi (C)

Posted: November 8, 2007 at 5:42 am

Moody's has begun to downgrade the debt in a number of the structured investment vehicles that own huge pools of mortgage-related securities. According to The Wall Street Journal "in its ...
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Another Bad Patch For Toll Brothers (TOL), Hints At Long Slowdown

Posted: November 8, 2007 at 5:27 am

Toll Brothers (TOL) said for the fourth quarter, home building revenues of approximately $1.17 billion declined 36% compared to FY 2006's fourth quarter results. Backlog of approximately $2.85 billion declined ...
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CostCo’s (COST) Big Month

Posted: November 8, 2007 at 5:23 am

CostCo (COST) reported net sales of $5.21 billion for the month of October, the four weeks ended November 4, 2007, an increase of 13 percent from $4.63 billion in the ...
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Media Digest 11/8/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: November 8, 2007 at 4:10 am

According to Reuters, Morgan Stanley (MS) has suffered a $3.7 billion loss from its mortgage portfolio,Reuters writes that shares in Cisco (CSCO) were driven down on concerns that orders from ...
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Asia Markets 11/8/2007 Shanghai Down Almost 5%

Posted: November 8, 2007 at 3:41 am

Markets in Asia were off sharply.'The Nikkei was down 2% to 15,772. NTT (NTT) was down 3.7% to 509000. Sony (SNE) was down 2.4% to 5390. Toyota (TM) was down ...
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