Saving The Car Industry By Tearing It To Pieces
The car industry in the US is no longer just under siege. It is irreparably broken. There are no longer circumstances under which costs can be cut enough to make the business viable if…
All Work
Douglas A. McIntyre
Media Digest 2/4/2009 Reuters, WSJ, NYT, FT, Bloomberg
According to Reuters, Motorola (MOT) is betting much of its future on the Google (GOOG) Android phone system. Reuters reports that car sales hit a 27-year low. Reuters reports that Obama plans to set…
Asia Markets And Europe Open 2/4/2009
Markets in Asia rose. The Nikkei was up 2.7% to 8,034 The Hang Seng rose 2.2% to 13,057. The Shanghai Composte moved higher by 2.3% to 2,107 At the open in Europe, the FTSE…
False Hopes For Internet Profits (IACI)(GOOG)(TWX)(NYT)(DIS)
Barry Diller, who has been in the media industry as long as almost any man alive, said the online display advertising at his company, IACI (IACI), might be down as much as 50% this…
Game Plan: Cisco Earnings (CSCO, JNPR, NT)
Cisco Systems Inc. (NASDAQ: CSCO) is set to report earnings on Wednesday after the close. What is interesting is that the news is expected to be dismal and the guidance is expected to be…
Bill Gates Keeps Adding To Republic Services Stake (RSG, WMI)
Republic Services Inc. (NYSE: RSG) keeps seeing its largest shareholder buy stock. This is none other than Bill Gates. A fresh filing shows that Gates purchased 600,000 more shares at a price average of…
Lincoln Educational Selling Shares Into Strength (LINC)
Lincoln Educational Services Corporation (NASDAQ: LINC) was one of the stocks on our list of those hitting 52-week highs today as the entire education sector was strong. Now it looks like the company is…
The 52-Week Low Club (MI)(STI)(MGM)(AIG)(COF)(PRGO)
Marshall & Ilsley (MI) Dragged down by big drop in financial sector. Hits a low of $3.47 off a 52-week high of $29.97. SunTrust Banks (STI) Credit concerns cause big sell-off in regional banks.…
Yum! Earnings: Part Yum, Part Yuck (YUM)
Yum! Brands Inc. (NYSE: YUM) posted earnings of $0.46 EPS on revenue of $3.38 billion. Analysts had expected results of $0.45 EPS on $3.38 billion in revenue, according to Thomson Reuters (First Call). Yum!…
Disney (DIS): The Mouse That Cried
The harsh economic environment dinged Disney (DIS) earnings. Revenue for the last quarter fell 8% to $9.6 billion.Net income fell 32% to $845 million. The company’s movie studio operation was hurt much more than…
EA Earnings: Video Games For Broken Fingers (ERTS)
Electronic Arts Inc. (NASDAQ: ERTS) posted a net loss on a GAAP basis and announced plans to cut staff and close factories. It reported $0.56 EPS in non-GAAP earnings and non-GAAP revenue of $1.74…
Winner’s Circle: Stocks On 52-Week Highs (CECO, COCO, DLTR, ESI, LINC, MYGN, NNDS, SXCI, NJR)
There are actually some stocks which are hitting 52-week highs despite the fact that January was the worst annual start on record and despite the fact that the markets are barely off of fresh…
GM (GM) January Sales: Odds Of Chapter 11 Go Way Up
Turning around GM (GM) and getting additional money from the federal government to support the company after the end of March depends on two things. The first is that GM has to get its…
Yum! Earnings on Deck: Next McDonald’s, or Troubled Growth? (YUM, MCD)
Yum! Brands Inc. (NYSE: YUM) is set to report earnings after the close of trading today. Analysts surveyed by Thomson Reuters expect earnings of $0.45 EPS on $3.38 billion in revenue. We have noted…
Video Game Sector Braces For Electronic Arts Earnings (ERTS, TTWO, ATVI, THQI, GME)
Electronic Arts Inc. (NASDAQ: ERTS) is set to report earnings after the close of trading today. The (former) largest US-based video game company is expected to post $0.91 non-GAAP EPS on $1.92 billion in…
Ford (F): January Sales Off 42%, Will Need Bailout
The Ford (F) media relations department writes the most misleading press releases of any large company in the US. Ford’s January sales were down 42%. The entire first section of the document on January…
Rohm And Haas (ROH) Fairly Accuses Dow Chemical (DOW) Of Bad Faith
Rohm and Haas (ROH) has now made it public that Dow Chemical (DOW) has a binding obligation to buy it, and that questions of whether the environment for chemical companies has gotten worse has…
XTO Cuts 2009 Capital Spending and Resets Hedges (XTO)
XTO Energy Inc. (NYSE:XTO) has cut its 2009 capital spending budget from $3.8 billion to $3.2 billion. Development and exploration expenses are now expected at $2.75 billion and pipeline construction is set at $450…
Warren Buffett Invests In Harley-Davidson, With 15% Rate (HOG, BRK-A)
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) was one of the investors in Harley-Davidson Inc’s (NYSE: HOG) offering of $600 million of senior unsecured notes. The company is raising funds for the lending activities…
Marathon Takes Loss on Oil Sands Charge (MRO)
Marathon Oil Corporation (NYSE:MRO) this morning reported a net loss of -$41 million (EPS of -$0.06) on revenue of $14.8 billion for the fourth quarter of 2008. Adjusted income, which excludes certain items including…