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Daily Archives: December 23, 2008

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Starbucks (SBUX) May Take Another Chance To Screw Employees

Posted: December 23, 2008 at 4:41 pm

Merry Christmas you underpaid, overworked coffee barista boys and girls. Uncle Howard Schultz, your founder and CEO, has found another way to screw Starbucks (SBUX) employees, if he wants to. ...
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Sad_clown

The 52-Week Low Club (KVA)(AM)(MNI)(BRY)(SSCC)

Posted: December 23, 2008 at 4:04 pm

K-V Pharmaceutical (KVA) Suspends shipments of tablet-form drugs and expects earnings hit. Stock falls to $2.50 from 52-week high of $29.02.American Greetings (AM) Says it lost money. Drops to ...
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Treasury

Profitable American Express (AXP) Gets $3.4 Billion In TARP Funds

Posted: December 23, 2008 at 3:51 pm

American Express (AXP) is still paying its $.18 dividend. The company will fire about 7,000 people and chop other costs to save $1.8 billion next year. Last quarter AXP did ...
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Angrybear

Tell Us Something We Don’t Know: Consumers Deeper In Debt

Posted: December 23, 2008 at 3:33 pm

From the "not news" file comes a report from credit rating firm, Equifax, that consumers are falling more deeply into debt. According to Reuters, Dann Adams, president of U.S. Information ...
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Stocks Hitting 52-Week Highs (ALGT, AGNC, LOPE, ROCM, RGLD)

Posted: December 23, 2008 at 12:47 pm

There are still some stocks doing extremely well despite all the interests outside against ythe economy.  Allegiant Travel Co. (NASDAQ: ALGT), American Capital Agency Corp. (NASDAQ: AGNC), Grand Canyon Education, ...
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Moody’s Outlines Default Risks For SIRIUS (SIRI)

Posted: December 23, 2008 at 11:31 am

As if you didn't know there were problems at SIRIUS XM Radio Inc. (NASDAQ: SIRI), Moody's has decided in its infinite wisdom to downgrade the company's debt ratings. This downgrade ...
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Grey Wolf Nearly, Finally Merged (GW, PDS, BAS)

Posted: December 23, 2008 at 11:28 am

The shareholders of Grey Wolf, Inc. (NYSE:GW) have overwhelmingly chosen to accept cash instead of stock in Precision Drilling Trust (NYSE:PDS) as consideration for Precision's buyout of Grey Wolf. We've ...
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No Gas Cartel in the Near Future

Posted: December 23, 2008 at 11:25 am

Energy industry publisher Platts is reporting that the Gas Exporting Countries Forum (GECF) is meeting in Moscow this week, and is expected to sign a framework agreement to set up ...
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Nortel Possible Unit Sale Adds Little Worth (NT)

Posted: December 23, 2008 at 11:09 am

Nortel Networks Corp. (NYSE: NT) is trading higher today on news reports that it has received three offers worth nearly U.S. $1 billion for the company's Metro Ethernet unit.  What ...
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Wind Turbines, India, and Private Equity

Posted: December 23, 2008 at 10:26 am

Last summer, Suzlon Energy Limited had a nasty problem with its wind turbine blades. Blades shipped to the US started cracking. Then blades sold in the company's home country, India, ...
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Hosing Housing

Posted: December 23, 2008 at 10:10 am

There was no way the November housing data was going to be good. There are too few people chasing too many homes. In some markets like Florida and Michigan, there ...
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PC Trends: Notebooks Pass Desktops & Disturbing Apple Trends (AAPL, HPQ, DELL)

Posted: December 23, 2008 at 9:26 am

The good news is that PC sales are not dead if the latest iSuppli data is accurate.  But there are some trends in which are going to revolutionize the PC ...
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Legg Mason’s (LM) Bill Miller To Manage Another Fund…WTF?

Posted: December 23, 2008 at 9:11 am

Bill Miller is the Legg Mason (NYSE: LM) money manager, whose two funds have each lost more than 50% this year, has been asked to help run a third fund ...
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Q3 GDP Revisions Final Failure

Posted: December 23, 2008 at 8:42 am

The final revision for Q3 GDP is still indicative of a recession.  The NBER already declared a recession was in effect since last December, but this was the first quarter ...
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Top Analyst Upgrades & Downgrades (ACM, AXYS, CTAS, CVD, GILD, PPDI, VISN, EPG, VTIV)

Posted: December 23, 2008 at 7:38 am

It is getting pretty thin in major analyst coverage as firms are encouraged to go easy on major year-end calls barring anything unexpected.  These are the top analyst upgrades, downgrades, ...
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