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Daily Archives: February 6, 2008

Mixed IAC Results; Shares Initially Stung (IACI)

Posted: February 6, 2008 at 8:01 am

IAC/InteractiveCorp (NASDAQ: IACI) has posted headline EPS $0.46, while First Call had estimates at $0.55.  Total revenues were brought in at $1.86 Billion, versus a $1.83 Billion estimate.  We would ...
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Linux Founder Calls Apple (AAPL) OS X “Utter Crap”

Posted: February 6, 2008 at 8:01 am

The founder of the Linux open source project, Linus Torvalds, said Microsoft's (NASDAQ: MSFT) Vista operating system weak and full of bugs. But, he left his hardest criticism for Apple's ...
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Top 10 Pre-Market Analyst Calls (CLX, EL, LAMR, RF, TMA, AMT, CCI, EXPE, OWW, PCLN, F, GM)

Posted: February 6, 2008 at 7:35 am

Here are some of the top individual analyst calls in pre-market trading:Clorox (NYSE: CLX) downgraded to Underweight at Lehman.Estee Lauder (NYSE: EL) raised to Equal-weight at Lehman.Lamar Advertising (NASDAQ: LAMR) ...
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The Biggest Recession In History: A Minority Report

Posted: February 6, 2008 at 6:53 am

It is a minority opinion, but one held by some astute people. The recession which may hit the US, or has already hit the US, could be the worst in ...
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The World’s Safest Stocks Market Sell-Off Edition (VZ)(MO)(ORCL)(MSFT)

Posted: February 6, 2008 at 6:33 am

When the market drops almost 400 points, investors start to think about 1,000 point drop day. They forget the little run-up the market had over the previous two weeks.Some of ...
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LBO Debt: Another Banking Debacle

Posted: February 6, 2008 at 6:14 am

Banks thought they would make money on everything in 2007. Instead, they made money on nothing. That winning streak appears to be extending into 2008.One of the most sure-fire schemes ...
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A Junk Bond Depression?

Posted: February 6, 2008 at 5:58 am

The default rate on junk bonds in 2007 was well under 1%. Junk guru and finance professor Edward Altman says that number will move well above 4.6% this year. According ...
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Media Companies Say “What Recession?” (DIS)(NWS)

Posted: February 6, 2008 at 5:42 am

Either media companies live in a world all their own or a recession is not just around the corner.Results from Disney (NYSE: DIS) were especially good. Disney is a good ...
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Nothing Goes Right At Toll Brothers (TOL)

Posted: February 6, 2008 at 5:23 am

Things are getting worse at Toll Brothers (NYSE: TOL) For fiscal 2008's first quarter ending January 31, home building revenues of approximately $842.7 million declined 22% compared to the same ...
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Media Digest 2/6/2008 Reuters, WSJ, NYTimes, FT, Barron’s

Posted: February 6, 2008 at 4:02 am

According to Reuters, BHP BIlliton (NYSE: BHP) raised its bid for Rio Tinto (NYSE: RTP).Reuters writes that Microsoft (NASD: MSFT) may raise its bid for Yahoo! (NASD: YHOO).Reuters reports that ...
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Asia Markets 2/6/2008 (SNE)(TM)(LFC)(PTR)

Posted: February 6, 2008 at 3:40 am

Markets in Asia fell sharplyThe Nikkei was off 4.7% to 13,099. Mazda was down 7.2% to 439. Softbank was off 6.3% to 2005. Sony (SNE) fell 3% to 4,570. Toyota ...
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