Bolshevicks Seize Detroit (GM)(F)(TM)
As far as anyone can prove, Henry Ford and Alfred Sloan were not members of the Communist Party. Neither one of them was asked to testify before the House Committee on Un-American Activities. No…
All Work
Douglas A. McIntyre
Magazine Business Starts To Follow Newspapers Down The Tank (NYT)(WPO)(GCI)(MHP)(TWX)
There are no Wall Street analysts who believe that newspapers will recover from the ongoing financial crisis. Publishers have argued that housing, employment, and car markets were the cause of their declining revenue. When…
Media Digest 10/28/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, GM (GM) and Chrysler have asked the government for $10 billion to close their merger. Reuters reports that Boeing (BA) and its machinists have entered into a tentative labor agreement. Reuters…
Asia Markets 10/28/2008 Big Move Up (HMC)(HBC)
Markets in Asia rose sharply. The Nikkei was up 6.4% to 7,622. Honda (HMC) was up on a falling yen. Mitsubishi UFJ Financial due to concerns it will raise over $10 billion diluting current…
With Sirius Up 30%, Can Chatter Be True? (SIRI)
Sirius XM Radio (NASDAQ: SIRI) did something rather unusual if you consider its recent downward trend. Its shares rallied close to 30% today. Sure, you have to consider how low shares had gotten and…
The 52-Week Low Club (CCC)(MTL)(ARM)(TSN)(SVNT)
Calgon Carbon (CCC) Outstanding notes convert to common shares. Drives stock to $10.54 from 52-week high of $23.03. Mechel (MTL) Russian coal miner may issue up to 138.8 million preferred shares. Dives to $3.77…
Savient: Jim Cramer’s Old Favorite Biotech Implodes (SVNT)
Savient Pharmaceuticals Inc. (NASDAQ: SVNT) is feeling the wrath of the trading gods today. Shares are down some 74% at $2.95 in close to 10-times normal trading volume. The culprit for today’s biotech implosion…
A Final Peek At Valero Earnings (VLO)
Valero Energy Corp. (NYSE: VLO) is set to report earnings Tuesday morning. First Call has estimates pegged at $1.46 per share and $36.43 billion in revenue. Oil companies and refiners rarely give guidance. Valero…
Can Under Armour Outrun The Recession? (UA)
Under Armour, Inc. (NYSE: UA) is set to report earnings on Tuesday around 7:00 AM EST. The sporting apparel operation is expected to post earnings of $0.50 per share on $227.4 million in revenue. …
Does The National Association Of Realtors Own Washington?
Congress is working overtime to try to pump oxygen into the deflated real estate market, and I’ve been wondering why for quite some time. If real estate prices fall, a first-time home buyer can…
Dillard’s Under Activist Fire As Management Buys Shares (DDS)
Anyone who bought Dillard’s Inc. (NYSE: DDS) shares late Friday looking for a bounce caught a break. The stock is rallying sharply after management bought shares of stock in the open market and two…
Ups and Downs in the Coal Mines (ACI, FCL, BTU)
Arch Coal (NYSE:ACI) reported solid earnings for the third quarter today, but its share price has fallen more than 4% since the market opened this morning. Arch reported EPS of $0.68, compared with $0.19…
Thoratec’s Hammering (THOR)
Thoratec Corporation (NASDAQ: THOR) is having a rough morning. The heart failure device company has a product recall it announced last Friday, and medical device recalls are not what the public likes to hear…
Monday’s Key Technology Analyst Upgrades (ARBA, JNPR, NFLX, RVBD, SNDK, NT)
Some of the analyst upgrades in technology are just a reversal of an extreme negative bias to a cautious or neutral tone, but as you will see below there are a few standout calls. …
How Does CH Energy Count Its Money? (CHG)
Will the last one out the door please turn out the lights? Apparently all of CH Energy Group’s (NYSE:CHG) employees are following that advice. The company reported EPS of $0.18 for the third quarter…
Boardwalk Pipeline Partners Scores (BWP, L)
Boardwalk Pipeline Partners (NYSE:BWP) today announced 2008 third quarter net income of $73.6 million, up 84% from the third quarter of 2007. Nearly 40% of that increase was attributed to increased gas sales and…
Huntsman & Hexion, One Step Closer to Merger Closing (HUN)
If you have followed the old broken and then re-engaged private equity buyout of Huntsman Corporation (NYSE: HUN), then you might feel like you witnessed a "private equity meets the credit crunch and the…
Second Line Banks Line Up For TARP Bailout Money (FITB, HBAN, KEY, NTRS, WFSL)
This is one of the first rounds of the regional banks formally getting in line and formally receiving approval to participate in the $700 billion government TARP bailout package. Prior to this it had…
Verizon (VZ) Has A Good Time
Verizon (VZ) is doing just fine, recession or no. Its earning moved up 31% in Q3. Whether it can keep that up is a matter of opinion but at least the phone company can…
Top 10 Pre-Market Analyst Upgrades & Downgrades (RE, FIG, PRE, SGEN, TROW, AUY, NT, RICK, RDS.A, X)
These are ten of the top analyst upgrades and downgrades we have seen this Monday morning with about 2 hours to the the open: Everest Re (RE) to Outperform at Wachovia. Fortress Investment (FIG)…