GM (GM): People Will Not Buy Cars From A Bankrupt Company
There is a perception among investors and government officials that GM (GM) CEO Rick Wagoner will say anything to save his job. He has argued hard and often that people will not buy cars…
Archive
Year: 2008
All Year: 2008 Articles
Newest first · Page 56Foreclosures May Be Unstoppable
Every problem is supposed to have a solution, no matter how difficult. The rising number of foreclosures and the falling prices of homes should be arrested by plans from the government and large banks…
McDonald’s (MCD) Argues That Some Companies Are Recession-Proof
There is no economic slowdown under the golden arches. Where else can someone buy a large meal of heart-healthy food for under $2, and only $1 for the kids. McDonald’s has begun to make…
Media Digest 11/13/2008 Reuters, WSJ, NYT, FT, Bloomberg
According to Reuters, Japan will supply money to the IMF. Reuters reports that Citigroup (C) is looking at buying Chevy Chase Bank. Reuters reports that the US may need to insure wholesale deposits. Reuters…
Asia Markets And Europe Open 11/13/2008
Most markets in Asia fell. The Nikkei was off 5.3% to 8,239, Sony (SNE) dropped on concerns about holiday sales. The Hang Seng fell 6% to 13,097. HSBC (HBC) fell sharply. The Shanghai Composite…
Tech Holiday Gets Bleak: Intel (INTC) Warns On Q4 (AAPL)(DELL)(HPQ)(RIMM)(BBY)
It is rare when a company warns about its Q4 numbers on November 12. That made Intel’s (INTC) announcement about the final quarter of the year all the more shocking. Intel said it now…
Most Overpaid CEO Of The Day: Vikram Pandit Of Citigroup (C)
Citigroup (C) investors have been remarkably patient with relatively new CEO Vikram Pandit. But, the company’s shares traded under $10 today. The stock has not been that low since 1995. Pandit earned $165.2 million…
Grim Reaper Wearing Crocs (CROX)
CROCS Inc. (NASDAQ: CROX) is a story of the good, the bad, and the fugly. The maker of ugly fad shoes reported earnings after the close, which technically were no earnings at all. The…
Applied Materials, An Upside Surprise, And Layoffs (AMAT)
Applied Materials Inc. (NASDAQ: AMAT) managed to close at what looks to be a decade low, and it was right under $10.00 ahead of earnings. The semiconductor capital equipment giant posted earnings of $0.20…
Congress To Consider $25 Billion Auto Loan Which Bush Will Veto
The lame duck members of Congress are trying to get out of town. Their boxes are packed and they are leaving to join law firms in their old districts. Other members of the House…
As Market Plunges, Major Stocks Fall Under $10 (Part 2) (LTD, OMTR, RSH, RGS, SCOR, LUV, SBUX, WFMI)
It has been almost impossible for most stocks to avoid the carnageand mayhem of late. It is interesting just how many widely held stocks have broken under the $10.00 share price level today. This…
As Market Plunges, Major Stocks Fall Under $10 (AEO, BCS, C, GLW, DRYS, IPAR, IPCS, LULU)
The market message has been the same for the entire last week. Carnage and mayhem. But what is interesting is how many household companies and how many widely held stocks have this week or…
Applied Materials Decade-Long Earnings Concern (AMAT)
Imagine being the number one semiconductor capital equipment stock in the U.S., and finding your stock trading at a ten-year low. That is essentially the case for Applied Materials Inc. (NASDAQ: AMAT), and the…
In the Land of Duh!: Moody’s Downgrades Las Vegas Sands (LVS)
Moody’s had had the corporate debt ratings of Las Vegas Sands Corp.(NYSE: LVS) on review for possible downgrade since mid-July. Just today, the debt ratings agency announced that it has lowered the corporate debt…
Paulson Competely Changes Bailout Plan Without Asking Congress
Hank Paulson almost completely changed the goals of the Treasury’s $700 billion bailout plan. He did so without checking with Congress which appropriated the funds and wanted to check in on Paulson from time-to-time.…