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Monthly Archives: February 2009

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The 52-Week Low Club (MI)(STI)(MGM)(AIG)(COF)(PRGO)

Posted: February 3, 2009 at 5:04 pm

Marshall & Ilsley (MI) Dragged down by big drop in financial sector. Hits a low of $3.47 off a 52-week high of $29.97.SunTrust Banks (STI) Credit concerns cause big sell-off ...
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Yum! Earnings: Part Yum, Part Yuck (YUM)

Posted: February 3, 2009 at 4:44 pm

Yum! Brands Inc. (NYSE: YUM) posted earnings of $0.46 EPS on revenue of $3.38 billion. Analysts had expected results of $0.45 EPS on $3.38 billion in revenue, according to Thomson ...
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Disney (DIS): The Mouse That Cried

Posted: February 3, 2009 at 4:30 pm

The harsh economic environment dinged Disney (DIS) earnings. Revenue for the last quarter fell 8% to $9.6 billion.Net income fell 32% to $845 million.The company's movie studio operation was hurt ...
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EA Earnings: Video Games For Broken Fingers (ERTS)

Posted: February 3, 2009 at 4:13 pm

Electronic Arts Inc. (NASDAQ: ERTS) posted a net loss on a GAAP basis and announced plans to cut staff and close factories. It reported $0.56 EPS in non-GAAP earnings and  ...
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Winner’s Circle: Stocks On 52-Week Highs (CECO, COCO, DLTR, ESI, LINC, MYGN, NNDS, SXCI, NJR)

Posted: February 3, 2009 at 3:41 pm

There are actually some stocks which are hitting 52-week highs despite the fact that January was the worst annual start on record and despite the fact that the markets are ...
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GM (GM) January Sales: Odds Of Chapter 11 Go Way Up

Posted: February 3, 2009 at 2:26 pm

Turning around GM (GM) and getting additional money from the federal government to support the company after the end of March depends on two things.The first is that GM has ...
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Yum! Earnings on Deck: Next McDonald’s, or Troubled Growth? (YUM, MCD)

Posted: February 3, 2009 at 1:15 pm

Yum! Brands Inc. (NYSE: YUM) is set to report earnings after the close of trading today. Analysts surveyed by Thomson Reuters expect earnings of $0.45 EPS on $3.38 billion in ...
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Video Game Sector Braces For Electronic Arts Earnings (ERTS, TTWO, ATVI, THQI, GME)

Posted: February 3, 2009 at 12:40 pm

Electronic Arts Inc. (NASDAQ: ERTS) is set to report earnings after the close of trading today.  The (former) largest US-based video game company is expected to post $0.91 non-GAAP EPS ...
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Ford

Ford (F): January Sales Off 42%, Will Need Bailout

Posted: February 3, 2009 at 12:34 pm

The Ford (F) media relations department writes the most misleading press releases of any large company in the US. Ford's January sales were down 42%. The entire first section of ...
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Rohm And Haas (ROH) Fairly Accuses Dow Chemical (DOW) Of Bad Faith

Posted: February 3, 2009 at 12:17 pm

Rohm and Haas (ROH) has now made it public that Dow Chemical (DOW) has a binding obligation to buy it, and that questions of whether the environment for chemical companies ...
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XTO Cuts 2009 Capital Spending and Resets Hedges (XTO)

Posted: February 3, 2009 at 12:09 pm

XTO Energy Inc. (NYSE:XTO) has cut its 2009 capital spending budget from $3.8 billion to $3.2 billion. Development and exploration expenses are now expected at $2.75 billion and pipeline construction ...
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Warren Buffett Invests In Harley-Davidson, With 15% Rate (HOG, BRK-A)

Posted: February 3, 2009 at 10:46 am

Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) was one of the investors in Harley-Davidson Inc's  (NYSE: HOG)  offering of $600 million of senior unsecured notes. The company is raising funds ...
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Marathon Takes Loss on Oil Sands Charge (MRO)

Posted: February 3, 2009 at 10:40 am

Marathon Oil Corporation (NYSE:MRO) this morning reported a net loss of -$41 million (EPS of -$0.06) on revenue of $14.8 billion for the fourth quarter of 2008. Adjusted income, which ...
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Pending Home Sales No Cause For Celebration, Not Yet

Posted: February 3, 2009 at 10:12 am

The December pending home sales data is a bit dated, but there was a surprise gain by +6.3% for the month.  The reading for the index was 87.7.  What is ...
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Warren Buffett Keeps Riding the Reading Railroad (BRK-A, BNI)

Posted: February 3, 2009 at 9:33 am

A new SEC filing shows that Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) has acquired even more shares of Burlington Northern Santa Fe Corp. (NYSE: BNI).  As the company's shares ...
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