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Daily Archives: August 22, 2008

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The 52-Week Low Club 8/22/2008 (EXLS)(CNTF)(CPWM)(PSUN)

Posted: August 22, 2008 at 2:53 pm

Pacific Sunwear (PSUN) Awful forecast. Drops to $5 from 52-week high of $18.44.Cost Plus (CPWM) Tough results for last quarter. Sells down to $1.50 from 52-week high of $6.22. China ...
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Alpharma Already Wants More From King (ALO, KG)

Posted: August 22, 2008 at 1:31 pm

Alpharma, Inc. (NYSE: ALO) has already responded to King Pharmaceuticals Inc. (NYSE: KG) regarding the $33.00 per share offer made by King to acquire Alpharma.  As we noted based upon ...
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Uncle_sam

GM (GM) Wants A Loan From Uncle Sam

Posted: August 22, 2008 at 11:26 am

Several reports indicate that GM (GM, Ford (F), and Chrysler are approaching the government for a total of $25 billion in loans at interest rates as low as 4.5%. The ...
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Moody’s Cutting GSE’s, The Ride Continues (FNM, FRE)

Posted: August 22, 2008 at 10:12 am

Moody's has come out with a downgrade this morning on the preferred stock ratings of Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE).  The ratings have been taken down ...
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Bernanke Talks Down Economic Expectations & Inflation

Posted: August 22, 2008 at 9:19 am

Fed Chairman Ben Bernanke is giving a speech out at the K.C. Fed Symposium in Jackson Hole, Wyoming this morning.  His released comments show that he is expecting the economic ...
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24/7 Wall St. Most Overpaid CEO Of The Day: Pacific Sunwear (PSUN) CEO Sally Frame Kasaks

Posted: August 22, 2008 at 9:06 am

According to the Pacific Sunwear proxy, CEO Sally Frame Kasaks makes a base salary of $1,250,000. Last year, her total compensation was $3.2 million. Based on the performance of the ...
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Warren Buffett Talks Financials, Markets, Economy & Politics (BRK-A, WFC, AXP, JPM, FNM, FRE, BUD, CNQ, BNI, BRK-B)

Posted: August 22, 2008 at 8:16 am

This morning there was a rather long CNBC interview where Becky Quick got to interview Berkshire Hathaway's (NYSE: BRK-A) Warren Buffett live in Omaha.  He noted specifically that the economic ...
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Top Pre-Market Analyst Downgrades (AVNX, AVNXD, BKC, LVS, LOGI, PSUN, FACE, SHOR, SMA, TLB)

Posted: August 22, 2008 at 6:36 am

These are some of the top analyst calls we are seeing in pre-market trading this Friday morning:Avanex (AVNXD) Cut to Neutral at Merriman Curhan Ford.Burger King (BKC) Cut to Neutral ...
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Top Pre-Market Analyst Upgrades (AMED, CNQR, GTIV, ORLY, TU)

Posted: August 22, 2008 at 6:33 am

It is fairly thin in analyst coverage today, but these are some of the Friday morning analyst calls we are seeing before the open:Amedisys (AMED) Started as Outperform at Baird.Concur ...
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America’s Most Overpaid CEOs (MER)(CBS)(AXP)(MS)(NBR)

Posted: August 22, 2008 at 6:31 am

The AP announced its list of the top 10 paid CEOs for 2007. The figures were based on "AP's compensation formula, which adds up salary, perks, bonuses, above-market interest on ...
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Merrill

Analysts Play Game Of Cutting Investment Bank Ratings (MER)(C)(BAC)(MS)(GS)(LEH)

Posted: August 22, 2008 at 5:52 am

Citigroup (C) cut is earnings estimates for Goldman Sachs (GS), Morgan Stanley (MS), and Lehman (LEH). Today, Bank of America (BAC) cuts its earnings targets for Goldman and Morgan Stanley. ...
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Goog

Google (GOOG) Wins The Mobile Search Wars

Posted: August 22, 2008 at 5:19 am

It looks like Google (GOOG) will strike a deal to be the default search feature on all of Verizon's (VZ) cellular handsets. Since the phone company has about 70 million ...
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Fanniemae

Evidence Of A Fannie Mae (FNM) And Freddie Mac (FRE) Resurrection

Posted: August 22, 2008 at 5:04 am

The collapse in the shares of Freddie Mac (FRE) and Fannie Mae (FNM) was arrested yesterday. At one point, both stocks were up and Fannie Mae ended the day in ...
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Ba

Boeing’s (BA) Bogus Move

Posted: August 22, 2008 at 4:48 am

Boeing (BA) was able to get the government to re-open the bidding for the Air Force's new tanker. In the original round of competition, Boeing was bested by the team ...
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Newspaper

Media Digest 8/22/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: August 22, 2008 at 3:01 am

According to Reuters, Warren Buffett and the head of Blackstone (BX) called for a solution to the govenment's growing debt load and reliance of foreign investors to finance US borrowing. ...
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