Why Does GE (GE) Need All That Money? The New Junk Bond Economy
GE (GE) is raising $15 billion, some of it from Warren Buffett at usurious rates. In many states his actions would have been illegal. Why does GE need the money? No so long ago…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 107Where Is The Fed When It is Needed?
It is time for Ben Bernanke to descend from Mount Olympus and join the Croesus of the administration, Henry Paulson, in the the trenches, or the tranches, depending on your perspective. Late word is…
Media Digest 10/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the economic bailout bill passed the Senate and is likely to pass the House. Reuters reports that GE (GE) raised $15 billion with some of the capital coming from Warren Buffett.…
Asia Markets 10/2/2008 (TM)(HMC)(SNE)
Markets in Asia were mostly lower with Shanghai closed for the holiday. The Nikkei was down .8% to 11,273. Toyota (TM) fell on poor US sales. Honda (HMC) was down as much as 4%.…
EA Learns Lesson of Hot Development Turned Failure (ERTS)
Electronic Arts Inc. (NASDAQ: ERTS) shares poor performance stood out even on a down day. It has worked on a game since late 2006 or early 2007 called Tiberium. This first-person shooter was in…
Encore Files Large Shelf Registration (ENP, EAC)
Encore Energy Partners LP (NYSE: ENP) has filed a shelf registration to sell up to $1,000,000,000.00 in securities for its units. It will sell common units representing limited partner interests in Encore Energy Partners…
52-Week High Bear Market Surprises (JPM, CPB, CBSH, FFH, THS)
The 52-week lows are full and full of stocks each day lately. In a bear market it gets harder and harder to find stocks which are on their 52-week highs. The non-perishable food companies…
Micron Earnings Show A Turnaround That Can’t Turn (MU)
Micron Technology, Inc., (NYSE:MU) showed a fourth quarter net loss of $344 million, or $0.45 EPS, on net sales of $1.45 billion. These results include a non-cash charge to cost of goods sold of…
The 52-Week Low Club 10/1/1008 (GNTX)(SLM)(ATU)(XTXI)
Crosstex Energy (XTXI) Downgraded by Goldman. Drops to $19.92 from 52-week high of $40.39. Gentex Corportion (GNTX) Cuts revenue outlook, downgraded by Baird. Drops to $12.36 from 52-week high of $22.60. SLM (SLM) Student…
GM (GM) Better Than Expected
General Motors (GM) delivered 284,300 vehicles in September. Sales were down 16% from the same month last year. Car sales fell 10% to just over 118,000. Light trucks were off 19%. Cadillac did poorly with…
GE Raises Liquidity With Buffett & Public Offering (GE, BRK-A, GS)
General Electric Co. (NYSE: GE) is coming out swinging to halt the offensive rumors and credit concerns that have been hindering its stock. The company made two key announcements to fight this. GE will…
Possible Digital Cinema Financing Winners (BX, JPM, AIXD)
Despite the realm of uncertainties we all face, there is one sector which has survived through the good times and bad times of the last century: movies. Movies haven’t even been killed by the…
HP’s Virtualization Expansion (HPQ, VMW, MSFT, CTXS)
Hewlett-Packard (NYSE: HPQ) is acquiring LeftHand Networks Inc., a move that takes the company further into hardware for virtualization. LeftHand provides storage virtualization and iSCSI storage area network solutions to enable mid-size companies and…
Ford (F) September Sales: It Couldn’t Get Much Worse
Ford (F) has an atrocious September. The car company reported total sales of 116,734, down 34 percent versus a year ago. Volvo sales were off over 50%. Overall Ford brand SUV sales dropped 57%…
Despite Turbulent Times, Disk & Storage Drives A Cheap Port O’ Call (WDC, STX)
This last weekend we began screening for technology stocks with extremely low P/E multiples which are still showing growth. The two giant independent disk drive and hard drive data storage stocks of Western Digital…