GM (GM): More Incentives Mean More Job Cuts
GM (GM) has decided to do two things to stimulate sales. One is to offer aggressive incentives on its new cars. The other is to offer substantial warranties on its used cars. Between the…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 150Saving Fannie Mae (FNM) And Freddie Mac (FRE) Shareholders
A share of Fannie Mae (FNM) goes for $6. Freddie Mac’s (FRE) shares are at just above $4. The market caps of the two companies combined is only about $9 billion. The most recent…
HP’s (HPQ) Next Quarter Will Not Be Pretty
Hewlett-Packard’s (HPQ) last quarter was hailed as a testament to superior management and intelligent diversification. Much of the growth came from overseas, but that is supposed to be a hallmark of the new American…
Is Rupert Murdoch Overpaid? Of Course, But Not Really (NWS)
News Corp. (NWS) chairman and CEO Rupert Murdoch’s pay fell 14% for 2008 — before you get out the Kleenex, consider that it still totaled $27.5 million. Given that shares of the stock is…
China’s Economic Stimulus Package Can’t Be Real
The term "China economic stimulus package" has to be an oxymoron. NBC recently made the point that China’s economy can no longer be driven hard by exports. They have become too expensive as labor…
Media Digest 8/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US inflation rose as the housing market continued to be troubled. Reuters reports that Hewlett-Packard (HPQ) beat Wall St. expectations. Reuters reports that Ebay (EBAY) will drop some of its listings…
Asia Markets 8/20/2008 Shanghai Up Over 7% (LFC)(CN)
Shares in Asia were mixed while the Shanghai Composite rose 7.6% to 2,523. The Nikkei was down .1% to 12,852. Bridgestone fell 4.2% to 1860 Casia was off 3.7% to 1229. The Hang Seng…
Starbucks (SBUX): A Good Contrarian Investment
It’s been a tough run for contrarians. Badly beaten down companies facing overwhelmingly bearish negative market sentiment have continued to weaken: for now, the bearish masses have been right. Part of the problem is…
Saks (SKS) May Have Overly High Hopes For Its New York Flagship Store
Luxury retailer Saks Inc. (SKS) today reported abysmal results, indicating that higher-end consumers are starting to feel the economic pinch as well. The company is betting that that its flagship Saks Fifth Avenue store…
H-P Scores a Punch (HPQ)
Hewlett-Packard Co. (NYSE: HPQ) posted earnings of $0.86 EPS and $28 Billion revenues after today’s close. First Call had estimates at $0.83 EPS on $27.41 Billion in revenues. As far as guidance for next…
The 52-Week Low Club 8/19/2008 (JCG)(CCJ)(FNM)(SIRF)
J Crew Group (JCG) Analyst downgrade. Drops to $24.86 from 52-week high of $52.44. Cameco Corporation (CCJ) Bad profits. Down to $27.56 from 52-week high of $52.33 Fannie Mae (FNM) Ongoing concerns about shareholders…
As Shareholders Bleed To Death, Bank Of America (BAC) Honored For Environmental Commitment
Why any bank which has undermined the value of its shares by poor management and taken billions of dollars in low-cost loans from the Fed would promote it environmental intiative is beyond imagining. Bank…
Barnes & Noble’s (BKS) Future Leaves The Building
Barnes & Noble’s (BKS) online CEO left the company today. Marie J. Toulantis ran the part of the company on which its future is largely dependent. Call it a metaphor. BKS has to be…
Bracing for H-P Earnings: Did Its Dominance Peak? (HPQ, EDS, IBM, DELL)
Traders and investors alike are braced for the long awaited earnings out of Hewlett-Packard Co. (NYSE: HPQ) after today’s close. First Call has estimates at $0.83 EPS on $27.41 Billion in revenues. Estimates for…
Carlyle Chairman Retires (IBM)
Private equity giant The Carlyle Group has announced that Lou Gerstner will retire as Chairman of Carlyle and will become a senior advisor to its buyout funds in the U.S., Europe, and Asia. Carlyle…