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Monthly Archives: February 2009

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Citigroup (C) Shares Off 40% After Government Deal

Posted: February 27, 2009 at 8:24 am

Whatever stock options Vikram Pandit, his management team and board have are almost certainly worthless now. News that the federal government will own 36% of Citi's common shares through a ...
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data4

Citigroup (C): A Lifeline And Dilution

Posted: February 27, 2009 at 7:23 am

Citigroup (C) may not have picked up much in its deal with the federal government. It shareholders will get crammed down. Tax payers will own more of Citi, about 36%, which ...
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Dell (DELL) Earnings: Has The PC Had Its Day?

Posted: February 27, 2009 at 6:25 am

Dell's earnings dropped 48% last quarter and now it will probably fire more people. The numbers were not a surprise. Independent research shows PC sales falling around the world as ...
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In Weakened Car Industry, Toyota (TM) Still Dominate Quality

Posted: February 27, 2009 at 6:08 am

American car companies can always hope that as the economy emerges from recession and car sales pick up that they will have a reasonably good chance to keep market share ...
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Saving Private Ryan: Sending The Financial World To Save Eastern Europe

Posted: February 27, 2009 at 5:57 am

It has begun to occur to the financial industry and the central banks of the G7 and a number of smaller Western European countries that if some of the nations in ...
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data3

Is It OK To Fire Citigroup’s (C) Board

Posted: February 27, 2009 at 5:35 am

It is a corporate governance issue as much as anything else. Can one shareholder essentially "fire" most of a public company's board without the approval of other shareholders? That it ...
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Who Stole The Numbers From The Budget?

Posted: February 27, 2009 at 5:05 am

The proposed budget that the Administration released yesterday runs 184 pages, if the sections called “Notes”, which are blank pages for calculations and thoughts, and the order page where anyone can ...
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empire2

The Bank Leper List

Posted: February 27, 2009 at 4:57 am

Once a quarter, the FDIC does something which seems to have little purpose. It releases its list of “problem” banks. These are institutions which face a high risk of failure ...
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Media Digest 2/27/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

Posted: February 27, 2009 at 3:50 am

According to Reuters, Obama is prepared to put up to $750 billion into banks. Reuters reports that the government and Citigroup (C) has worked out an equity conversion deal that ...
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china10

Asia Markets And US Open 2/27/2009

Posted: February 27, 2009 at 3:22 am

Markets in Asia were mixed. The Nikkei rose 1.5% to 7,568. The Hang Seng dropped .2% to 12,874. The Shanghai Composite dropped 1.8% to 2,083. At the open in Europe, ...
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New Autodesk Earnings Trends: Losses (ADSK)

Posted: February 26, 2009 at 5:24 pm

Autodesk, Inc. (NASDAQ: ADSK) is trading lower after its earnings, or at least after its losses.  The software and design assistance company did beat expectations with $0.31 EPS as revenue ...
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Is There A Positive Case At Dell? (DELL)

Posted: February 26, 2009 at 4:22 pm

Dell Inc. (NASDAQ: DELL) has just posted very disappointing earnings for its fiscal fourth quarter, as we expected.  The PC-giant reported $0.18 EPS vs. $0.26 estimates and a 16% drop ...
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The 52-Week Low Club (NNI)(TEG)(PSYS)

Posted: February 26, 2009 at 4:05 pm

Nelnet Inc (NNI) Trouble with Moody's and S&P. Falls to $4.50 from 52-week high of $16.35. Integrys Energy (TEG) Lowers earnings outlook. Drops to $26.26 from 52-week high of $53.92. ...
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FDIC Sells $1.45 Billion In Distressed Assets

Posted: February 26, 2009 at 3:03 pm

The Federal Deposit Insurance Corporation has concluded the sale of $1.45 billion distressed assets. It consisted of performing and non-performing residential and commercial construction loans in distressed markets. The sales ...
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Troubled Banks Jump Almost 50%… In One Quarter

Posted: February 26, 2009 at 2:43 pm

The Federal Deposit Insurance Corporation has released its list of troubled banking institutions.  As you would have guessed, it is far from pretty.  The FDIC has said that as of ...
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