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Monthly Archives: January 2009

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The Powerful Case For $1 Gas

Posted: January 6, 2009 at 7:00 am

In July, the average price of gas in the US was $4.11. According to the carefully followed Lundberg Survey, the number was about $1.66 on Dec. 19.  In some regions ...
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Early Bird Technology Analyst Upgrades & Downgrades (AAPL, GOOG, ELX, ISIL, ITRI, GRMN)

Posted: January 6, 2009 at 6:47 am

We have some key technology and consumer electronics stocks which are seeing upgrades and downgrades from Wall Street analysts this Tuesday morning.  Here are some of the calls we have ...
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Sunset

Does Saving Money Kill The Economy?

Posted: January 6, 2009 at 6:19 am

Many economists think that when consumers save money instead of spending it, a recession gets deeper. People start to stick money into mattresses for safe keeping in case they get ...
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E*TRADE Files To Raise Cash (ETFC)

Posted: January 6, 2009 at 6:18 am

E*TRADE Financial Corporation (NASDAQ: ETFC) has filed an automatic mixed securities shelf registration with the SEC to raise cash via the sale of securities.  There were no financial terms nor ...
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7% Unemployment Expected Friday… 8.5% By June?

Posted: January 6, 2009 at 6:11 am

This week will reveal the economy's tolerance for pain. Investors will find out the official unemployment rate finished for 2008.  The consensus estimates from both Dow Jones and Bloomberg show ...
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Water_lilies

A Recession Hallmark: Dumping CEOs At A Breathtaking Pace (AB)(TSN)(BGP)

Posted: January 6, 2009 at 6:03 am

The best way to handle trouble at a company during a recession is to dump the CEO. Someone probably keeps statistics on whether chief executives lose their jobs faster in ...
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Asking The SEC To Do Everything

Posted: January 6, 2009 at 5:43 am

Down in Washington, a bunch of Congressmen who lost their jobs and bunch of others taking lobbying money under the table for a piece of the bailout fund, are drawing ...
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Empire

Media Digest 1/6/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: January 6, 2009 at 3:55 am

According the Reuters, December domestic cars sales were the worst month in years.Reuters writes that Toyota (TM) will cut plants.Reuters reports that Apple's (AAPL) Jobs tried to calm investors about ...
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Winter

Asia Markets And Europe Open 1/6/2009

Posted: January 6, 2009 at 3:17 am

Markets iin Asia were mixed.The Nikkei rose ,4% to 9,081.The Hang Seng was down .7% to 15,450.The Shanghai Composite was up 3% to 1,937.At the open, the FTSE was up ...
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Wall St. Likes Detroit’s Dismal Numbers: As The Economy Gets Worse, The Auto Bailout Is A Lock

Posted: January 5, 2009 at 2:23 pm

It is hard to imagine an industry where when sales are off 30% to 40% it is considered a good thing. Welcome, to the Detroit auto company bailout of 2009.Sales ...
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Cheap Ads Start To Run At Premier Websites: Negative Online Revenue Predictor

Posted: January 5, 2009 at 2:00 pm

Why are advertisers who pay cheap ad rates running at premium websites like the tech section of CNN.com? Because the online advertising business is falling to pieces as the first ...
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Empire

The Problem Of “Burn Rate” Hits Mainstream Companies (GM)(PIR)(DS)(SIRI)(CHTR)(MNI)(NYT)`

Posted: January 5, 2009 at 1:20 pm

At the beginning of the decade a number of internet and next-generation technology companies raised money through venture capitalists and IPOs. Many of these companies had little, if any, revenue. ...
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What Chinese Recession Numbers Look Like

Posted: January 5, 2009 at 11:09 am

As 2009 is kicking off, it is interesting to start seeing the many many forecasts for the US and other major economies.  The NBER finally came clean last month about ...
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SandRidge CEO Unloads Shares (SD)

Posted: January 5, 2009 at 10:49 am

The CEO of SandRidge Energy, Inc. (NYSE: SD) sold approximately 8.90 million shares at $5.62/share in a private transaction in order to meet "debt service and tax planning needs." Tom ...
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Chesapeake Continues to Shed Assets for Cash (CHK, GS, BP, STO)

Posted: January 5, 2009 at 10:46 am

Chesapeake Energy Corporation (NYSE:CHK) has sold about $412 million worth of royalty interests in "long-lived, producing assets" in gas fields in Oklahoma and Arkansas. The buyer was a private equity ...
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