Astonishingly Good Numbers At McDonald’s (MCD)
McDonald’s (MCD) and Wal-Mart (WMT) may be the only retailers in the country who are doing extraordinarily well. The reason may be simple. What they sell is cheap and, in the case of MCD,…
All Work
Douglas A. McIntyre
Deutsche Bank Punting Solar Stocks (CSIQ, ENER, FSLR, SPWRA, STP)
There is a sector downgrade from Deutsche Bank today in the solar sector. Due to the rally from China’s stimulus package, the pre-market rally in stocks and oil prices, and the hopes that the…
Circuit City (CC) Files For Chapter 11
What more is there to say? Douglas A. McIntyre
Centennial 100% Premium Buyout Could Ignite Sector (CYCL, T)
Centennial Communications Corp. (NASDAQ: CYCL) will be trading up huge on a $944 million buyout from AT&T Inc. (NYSE: T). This was a 100% premium-merger, and you have to wonder if the larger telecom…
Nortel (NT) Turns 1,300 People Out Into The Cold
It is cold in Canada this time of year and for some people it will get colder. One of the nation’s largest companies, Nortel (NT), will dump 1,300 people and freeze salaries as it…
T Boone Picken’s Plan To Run American Energy System
T. Boone Pickens plans to ruin the American electricity infrastructure by overloading it with power from his windmill farms. He may have access to cheap energy, but he may not have access to a…
Things At Dell (DELL) Get Worse Under Michael Dell
Bringing Michael Dell back to run the company he founded seems to be making things worse. Last week, Dell (DELL) said it would have to cut more costs and even made the ludicrous suggestion…
IBM (IBM) And P&G (PG) Bail Out Detroit
IBM (IBM) will pay about $4 billion in taxes this year. Procter & Gamble (PG) will pay closer to $6 billion. If GM (GM) is losing $1 billion a month, the income taxes from…
AIG (AIG): A Firm With Ineffective Management Makes Problems Worse
AIG (AIG) probably has the wrong management in place. A retired CEO from Allstate may not be the man. The insurance company lost another $24.47 billion billion in the third quarter. The current plan…
Media Digest 11/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, China announced an economic stimulus package of almost $600 billion. Reuters reports that AIG (AIG) is about to get a new bailout from the US government which will be worth $150…
Asia Markets And Europe Open 11/10/2008
Asia markets rose on news of a $600 billion Chinese economic stimulus package. The Nikkei was up 5.8% to 9.081. Canon rose on a falling yen. The Hang Seng jumped 4.6% to 14,890. The…
China Bailout: Making The US Look Cheap
China’s new bailout package has been set up to make the US government look cheap. At $586 billion its ratio to GDP is impressive. The CIA Factbook puts the GDP on the mainland at…
Hammering Big Business: Killing The Tax Haven Game To Get $50 Billion
One of the ways that large American corporations "make" money is to put capital in tax havens outside the US. It costs the Treasury tens of billions of dollars, but it is completely legal…
Oil: $50 Or $100? Is Brazil The New Saudi Arabia?
The price of oil will be pushed in two directions next week. That leaves aside the pressure that will come from a promised cut in supply by OPEC. The head of Saudi Aramco, the…
Low Cost Computing Poses Major Risk At PC & Tech Companies (DELL, HPQ, IBM, INTC, AMD, MU, STX, AAPL)
With earnings from the top two PC giants roughly two weeks away, we have many about what lies ahead for the tech sector. Dell Inc. (NASDAQ: DELL) reports earnings on November 20, and Hewlett-Packard…
Circuit City (CC) Fires Hundreds Of Headquarters Staff
In addition to the nearly 7,000 people who lost jobs when Circuit City (CC) closed 155 stores last week, almost 800 people who work at the company headquarters in Henrico, near Richmond, are now…
The 52-Week Low Club (GNW)(UIS)(SRZ)(GGP)(KOOL)(DPTR)
Genworth (GNW) DIvidend cut. Drops to $2.55 from 52-week high of $28.21. Unisys (UIS) No news but falls over 30% to $.79 from 52-week high of $7.90. Sunrise Assisted Living (SRZ) Large quarterly loss.…
Berkshire Hathaway Earnings Could Set Next Week’s Trends (BRK-A, BRK-B, GS, GE, BNI)
After today’s close, we’ll get to see earnings out of conglomerate, insurance giant, and recent bailout investor Berkshire Hathaway Inc. (NYSE: BRK-A) NYSE: BRK-B). Warren Buffett and friends do not get many analysts covering…
E*TRADE and $800 Million E*TARP Funds (ETFC)
E*TRADE FINANCIAL Corporation (NASDAQ: ETFC) has announced its intent to participate in the Treasury’s TARP bailout funding program. The online brokerage firm confirmed that it filed an application to receive $800 million of funding.
GM (GM): First Half Of 2009 May Be The End Of The Road
GM (GM) released earnings and, in the process, the company made it clear that it may not make it to the middle of next year without help. "Even if GM implements the planned operating…