In an interview with BusinessWeek, Dell (DELL) founder, chairman and CEO Michael Dell said that the company’s turnaround efforts are bearing fruit. He said growth rates for the second half of 2008 could exceed…
Management at Motorola (MOT) is in the midst of an ugly capitulation. It now as much as admits that it cannot run the company with any success, even though it is spinning off the…
The Wall Street Journal reports that, when legendary buyout shop KKR debuts on the NYSE it will sport a market value of between $12 billion and $15 billion — roughly 10-12 times 2009 earnings…
Consider the following: Since 2006, shares of Circuit City have fallen from $30 per share to $2.22. In FY 2006, the company earned $140 million. In FY 2008, Circuit City lost $320 million. The…
According to Reuters, KKR will go public on the NYSE at a valuation of $15 billion. Reuters writes that the production problems with the Airbus 380 are not over. The Wall Street Journal writes…
Most markets in Asia were up slightly. The Nikkei rose .1% to 13,354. Honda (HMC) fell 2.9% to 3650. NTT (NTT) rose 3.1% to 528000. The Hang Seng moved up .1% to 22,752. China…
This weekend and this last week has created a lot of buzz around the mighty medical robotics player Intuitive Surgical Inc. (NASDAQ: ISRG). For starters, it did beat earnings and it raised 2008 guidance. …
GM (GM) does well in China, but based on the company’s dire situation in North America, it is going to have to do a lot better in the world’s most populated country and other…
When you hear the group of conspiracy theorists that Gary Weiss so aptly named "The Baloney Brigade" talking about naked short selling, you get the idea that unscrupulous short sellers are driving down the…
Back in March, The New York Times Co. agreed to give two activist hedge funds with a combined 19% stake in the company a pair of seats on its 15 member board of directors.…
GE (GE) has elected not to sell any of its really core assets. Instead, it has elected to resturcture its major divisions and shuffle management. The move may work, but it could be a…
The Office of the Comptroller of the Currency revoked the charters of two national banks and the FDIC moved in to protect their depositors. First National Bank of Nevada and First Heritage Bank of…
The FCC, after one-and-half years of deliberation, finally approved the merger between XM Satellite (XMSR) and Siruis (SIRI). It does not matter much. The business is dying.
Scripps (SSP) Newspaper stock takes big hit on earnings. Falls to $7.17 from 52-week high of $147.78. McClatchy Newspapers (MNI) Another newspaper company with problems. Sells down to $4.30 from 52-week high of $26.43.…
This morning we saw Arch Coal (NYSE:ACI) report a tripling of earnings for the second quarter, $113 million compared with $37.6 million for the same period a year ago. The company reported EPS of…
I will preface this by saying that I’m a big fan of David Dreman. I read his column in Forbes regularly, and his book Contrarian Investment Strategies is an all-time classic.
Shares of RadioShack (RSH) soared nearly 14% on Thursday after the company reported revenue growth of 6% on a 6.9% increase in same store sales. Good initial sales of digital-to-analog TV converter boxes, video…
IPO traders and investors are probably wishing they never heard of GT Solar International Inc. (NASDAQ: SOLR). The company fell roughly 12% yesterday but that is just the start of it. Right after the…
Apparently the IPO filing hiatus isn’t entirely a dead end story. A company called AutoGenomics, Inc. has filed a registration statement for a proposed initial public offering. It has applied for the ticker "AGMX"…
If you trade small-cap alternative energy (or less-brown energy stocks), then Capstone Turbine Corp. (NASDAQ: CPST) has likely come across your desk. Despite a recent pounding with a 35% pullback, shares are still up…