The End of Personal Finance
Decades of advice turn out to be so much garbage. By Helaine Olen of The Big Money Years ago, when I wrote a popular financial makeover feature for a major national newspaper, one of…
All Work
Douglas A. McIntyre
How DryShips (DRYS) Became The Next Sirius XM (SIRI)
Sirius and XM Satellite Radio were among the great cult stocks of the last decade. They were heavily traded and volatile. Investors expected their business to be the most important development in consumer electronics…
SolarWinds Closer to IPO (SWI)
SolarWinds, Inc. has been on the potential IPO docket for more than a year now. It looks like it is now going to be closer to fruition. Keep in mind that this Bain-backed company…
Pending Home Sales Show Great Comfort (XHB)
If you are an investor or a buyer in the market for a new home or if you are a homebuilder, there may be some good news after waves and waves of bad news…
Capstone Takes On More Dilution (CPST)
Capstone Turbine Corporation (NASDAQ:CPST) has agreed to sell 14.45 million units comprised of one share of common stock and one warrant to purchase an additional 0.75 of a share of common stock. The company…
Canadian Solar Adds In Korea (CSIQ)
PV solar maker Canadian Solar Inc. (NASDAQ:CSIQ) has completed a new sales agreement with a Korean integrator calling for delivery of an additional 5 megawatts in 2009. The deal adds to the 3 megawatts…
Another Utility Misses Estimates (ETR, D, AEP, CHK)
Entergy Corporation (NYSE:ETR) joined the ranks of electricity generators that haven’t been able to reach consensus estimates for the first quarter of 2009.The company’s results resemble the earlier reports from Dominion Resources, Inc. (NYSE:D)…
B of A: Raising Capital and Not Raising Capital (BAC)
Is Bank of America Corporation (NYSE: BAC) raising more capital or is it not? It depends upon which news service you believe. The FT reported that the company was seeking to raise as much…
DIRECTV & Liberty Media: Complicating An Enigma (DTV, LINTA, LINTB, LMDIA, LMDIB, LCAPA, LCAPB)
DIRECTV Group, Inc. (NYSE: DTV) has announced that it is going to combine with Liberty Entertainment, Inc., and then the company will be split off from Liberty Media. This supposedly puts the control of…
Sprint (S): More Marginalized In Cell Service Business Than Ever
Sprint (S) keeps getting smaller and smaller and its two larger competitors Verizon Wireless (VZ)(VOD) and AT&T (T) keep getting larger. For the most recent quarter, Sprint’s revenue fell 12% to $8.2 billion. The…
Top 10 Analyst Upgrades & Downgrades (ADBE, RATE, BWA, MRO, RHT, SEPR, SYMC, SINA)
Monday is starting the week off with a pretty light wave of analyst calls. The top 10 analyst upgrades and downgrades are not even a full 10 calls with more than two hours until…
Citigroup (C) And Bank Of America (BAC) Capital Needs Could Damage Stock Prices
The Financial Times is reporting that Citigroup (C) and Bank of America (BAC) may each need to raise over $10 billion. If that is true, to get money in the capital markets and not from…
Taxing Offshore Operations A Huge Blow To US Multinationals
The US Treasury needs money to offset growing deficits and the Administration plans to get that capital by whatever means are necessary. According to The Wall Street Journal, the new proposal “aims to change…
Wal-Mart’s (WMT) Drug Addiction Is Trouble For Rivals
Wal-Mart (WMT) plans a significant expansion of its programs to bring inexpensive prescription drugs to its customers which will almost certainly damage margins as its competitors. According to The Wall Street Journal, “The discount retailer…
China Manufacturing Back In Gear But Is Global Deman Sustainable?
China’s manufacturing sector showed a remarkable rebound in March. The closely followed CLSA China Manufacturing PMI moved to 50.1 from 44.8. The gain is the first in nine months. The question is whether the gain…
Fiat Works To Become The Next GM (GM)
When GM (GM) was by far the largest car company in the world at the beginning of the decade it had vast operations in the US, Europe, Asia, and Latin America. The bulk of…
The Economies Of Asia Form An Alliance That The West Cannot
The US, UK, and a number of the large countries that make up the EU began to form political and military and alliances after WWII and these expanded as the Soviet Union dissolved. Through…
Chrysler Makes A GM (GM) Bankruptcy Harder
The Chrysler bankruptcy makes a bankruptcy at GM harder because the American consumer may only be able to deal with the Chapter 11 of one of its auto companies, particularly the one that is…
Media Digest 4/2/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, if the big transportation bill does not pass states will miss out on funds for roads, bridges, and tunnels. Reuters reports that Buffett attacked bank “stress tests.” Reuters writes that The…
Asia Markets Rally, Europe Open 5/4/2009
Markets in Asia rallied and Japan was closed for a holiday. The Hang Seng was up 4.8% to 16,290. The Shanghai Composite was up 3.2% to 2,560. In Europe, UK markets were closed. The…