IBM And The Rebirth Of Outsourcing (IBM)(INFY)(WIP)
A couple of month ago, India’s chief finance minister may have made calls to the heads of IBM (IBM) and several other large US tech companies to tell them that the huge developing nation…
All Work
Douglas A. McIntyre
Criticism Of US Stimulus Gets Out Of Hand
Loose confederacies often come apart under pressure. There are now divisions forming in the European Union based on whether the countries in that alliance should put larger and larger sums of money into the…
Housing: Getting Worse While Getting Better
Much was made of the new housing statistics. Sales of new homes nationwide jumped by 4.7% in February. Sales of new homes rose to a seasonally adjusted annual rate of 337,000 last month. It…
Media Digest 3/26/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama may be stretched to thin. Reuters reports that AIG (AIG) executives in Europe are resisting returning bonuses. Reuters reports that Obama will begin to tighten the screws on Wall St.…
Government Signals It Will Help GM (GM) And Chrysler: Now The Hard Part
According to The Wall Street Journal, the Administration’s auto task force will recommend that the government give GM (GM) and Chrysler billions of dollars in more bailout capital rather than have them file for…
The Two Sides of the Sohu.com’s Changyou.com IPO (SOHU, CYOU)
We may actually get an IPO as soon as early next week. This recent filing from Sohu.com Inc. (NASDAQ: SOHU) for the proposed spin-off of Changyou.com is supposed to trade under the ticker of…
Will Wells Fargo Become Solar Lender of Choice? (WFC)
There has been an interesting ride in the solar sector that was almost identical to what was seen in the tech bubble days in 1999 and 2000. Just like the tech bubble, the solar…
Does Victory’s Buy of TouchTunes Increase Viability of SPACs? (VRY)
There was a reverse merger yesterday which is essentially a reverse IPO as well. A special purpose acquisition company, or SPAC, called Victory Acquisition Corp. (AMEX: VRY) announced that it was acquiring an operating…
Going Concern Notes Keep Coming from Auditors (AIG, CTIC, COA, NYNY, TGIC)
We are still seeing many auditor notes containing a “going concern” doubt about companies and their ability to continue operations without added funding or business changes. Last week,we outlined many household names that had…
Demanding a Resolution
Treasury wants more takeover power. Congress should make it happen. By Chadwick Matlin of The Big Money Tim Geithner is getting the hang of this Washington thing. A day after inflaming and subduing critics…
A Green Business Investing Conference (ASTI, DSTI, HEV, LDK, RSOL, STP, VLNC, VRNM)
A conference on clean and green technology sponsored by ThinkEquity LLC opened yesterday in San Francisco. It is billed as a gathering for industry executives, investors, influencers and policy makers within the cleantech and…
Another Bad Day in the Sun (SOLF)
Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF) reported fourth quarter 2008 and full-year results this morning. For the quarter, Solarfun posted a net loss of -$1.14/ADS. Revenue was $164.6 million, down nearly 12% sequentially. Analysts…
Homebuilder ETF’s Hope This Is A Bottom (XHB, ITB)
There was another positive number on new home sales data for the month of February. It looks like new home sales came in UP 4.7% at 337,000 annualized units. The SPDR S&P Homebuilders ETF…
EPA Stutters on Mountaintop Removal Mining (MEE)
The US Environmental Protection Agency has sent a letter to two offices of the Army Corps of Engineers related to “potential harmful impacts on water quality” at two surface coal mine operations, one in…
Short Sellers Lighten Up On Online Brokers (ETFC, AMTD, SCHW)
We noticed how short sellers had increased their bets against banks and financials, even if this was right at the time that the big short squeeze came via a huge market rally. But what…
Short Sellers Double Down Against Green & Alternative Energy (CSIQ, CPST, CLNE, ENER, ESLR, FSLR, FCEL, SOLR, JASO, LDK, SFUN, SPWRA, STP)
There was what appears to be a massive increase in short selling for the period report ending March 13, 2009. The short selling increases in companies like First Solar, Inc. (NASDAQ: FSLR), Suntech Power…
Citi (C) And Bank of America (BAC) Buying Distressed Mortgages
Secretary Tim Geithner designed a plan to assist the largest banks to rid themselves of toxic mortgage assets, but now Citigroup (NYSE: C) and Bank of America (NYSE: BAC) are aggressively buying up those…
Short Data Shows How Bad Bank Investors Were Bloodied
Based on the rise in the short interest in banks at mid-month, it is clear how badly investors betting bank stocks would go down were mauled. As of March 15, shares short in AIG…
Holy Smoke, The Durable Goods Game Continues
Durable Goods for the month of February has come in with a massive surprise this morning. These might get washed over because of revisions, but these are much better on the surface than what…
Top Pre-Market Analyst Downgrades (AXP, ATML, BX, CHA, CYPB, HPQ, SLAB, UBS, WSM)
These are some of the top pre-market analyst downgrades or cautious calls we have seen from Wall Street firms early this Wednesday morning: American Express (AXP) Cut to Underweight at JPMorgan. Atmel (ATML) Cut…