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Daily Archives: November 19, 2008

Data_3

Market Assuming Citigroup (C) Will Go The Way Of AIG (AIG) Or Wachovia (WB)

Posted: November 19, 2008 at 3:43 pm

The market is treating Citigroup (C) as if it knows something about the bank's near-term fortunes and that something is not good. Shares in the bank have been off 21% ...
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FOMC Minutes: Recession & Depression Simultaneously

Posted: November 19, 2008 at 2:30 pm

The FOMC Minutes from the late October 2008 meeting are out, and as you can imagine it is far more somber than any minutes in recent years.  The worse thing ...
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Microsoft Kills Yahoo! Hopes (MSFT, YHOO)

Posted: November 19, 2008 at 12:20 pm

Steve Ballmer is presenting data today at the Microsoft (NASDAQ: MSFT) annual shareholder meeting.  Ballmer has said that he essentially wants no part of a Yahoo! (NASDAQ: YHOO) merger.  It ...
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Taking TheStreet.com Private (TSCM)

Posted: November 19, 2008 at 12:19 pm

TheStreet.com's (TSCM) share price is down far enough that the company's management must be giving some consideration to taking Cramer & Co. private. At $3 a share, the stock is ...
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Burningmoney_2

Insiders Still Face Margin Calls (ALD, EXR, PDFS, TLB, TXCO)

Posted: November 19, 2008 at 12:02 pm

Margin calls from corporate insiders to pay personal obligations are still coming, although last week's pace into this week does not look as severe as in prior periods we have ...
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Grand Canyon IPO Still Coming, Lower and Lower (LOPE)

Posted: November 19, 2008 at 11:26 am

Grand Canyon Education is apparently still coming public.  But what is interesting is that the company has had to lower its price twice to get the deal done.  The company ...
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Should You Chase BJ’s? (BJ, COST, WMT)

Posted: November 19, 2008 at 10:11 am

BJ's Wholesale Club Inc. (NYSE: BJ) appears to be one of the few standouts in retail right now.  How many companies are in retail are beating already-raised guidance and still ...
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GM (GM) Hits 52-Week Low: Ford (F) Heads Toward Penny Stock Land

Posted: November 19, 2008 at 10:02 am

If stock market sentiment is any indication of whether The Big Three will get federal bailout loans before they run into solvency problems, then the world looks terribly grim.GM (GM) ...
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Enterprise Products Gets More Credit (EPD)

Posted: November 19, 2008 at 9:38 am

Enterprise Products Partners LP (NYSE:EPD), a pipeline master limited partnership, increased its credit facilities by $593 million yesterday. The company obtained a $375 million senior revolving credit facility and a ...
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Data_2

Another Rough Day For Citigroup (C): It Buys Out Its SIVs

Posted: November 19, 2008 at 9:35 am

Citigroup (C) is off almost 4% at the open after news that it has committed to acquire the remaining assets of the Citi-advised SIVs at their current fair value.That value ...
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Collapsing Auto Sales Hit Mining (SWC)

Posted: November 19, 2008 at 9:34 am

If Detroit doesn't build cars, then there is little market for catalytic converters. And if there is a falling market for those pollution-control devices, there is a falling market for ...
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Sun Shines on LDK Solar (LDK, WFR, ENER)

Posted: November 19, 2008 at 9:30 am

Before the market opened this morning, LDK Solar (NYSE:LDK) reported third quarter earnings. The company earned $88.4 million (diluted EPS of $0.77) on revenues of $541.8 million. Analysts were expecting ...
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Goldman Sachs Changes To Conviction List (RIMM, CSCO, RVBD)

Posted: November 19, 2008 at 9:26 am

This morning, Goldman Sachs has made two key technology changes to its Conviction Buy List.  Research-in-Motion (NASDAQ: RIMM) was added to the praised list, and its price target is $68.00.  ...
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Against All Odds, E*TRADE Keeps Growing (ETFC)

Posted: November 19, 2008 at 8:55 am

E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has been hit much harder than other financial institutions and the last two weeks have been rather challenging  for the company and its shareholders.  This ...
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Consumer Prices Tank, Almost As Fast As Homes

Posted: November 19, 2008 at 8:38 am

This morning we got mixed news on the economy.  The good news is that the prices you are paying for goods is not as bad as in prior months when ...
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